the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. the biden administration announcing it will extend a federal backstop to all the banks deposits. treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. we ll hear from president biden moments from now. water everywhere, causing chaos across central california. warnings of intense sustained flooding in the days ahead. it s unimaginable. folks, we are not done yet. former vice president mike pence telling a crowd in washington that history will judge donald trump for his actions on january 6. probably not a message that will be terribly popular with republican-based voters. three women who live in texas are believed to be missing in mexico. we really haven t had any other incidents that i can recall. and the oscar goes to everything, where every, all at once. this year at the academy awards, the
is this trying to scare you a little bit? this is what banks are actually like and we don t want to alarm anybody or get censored by senator mark kelly of arizona, who s now on the record saying he does not want you complaining about banks. but we should tell you it s not your signature svb officials. you talk like that. jp morgan, it s the biggest bank in the world. we think as of tonight, one of the few banks that consumers will have some confidence and put out a whole video about how they give out money, not on the basis of economics or math , but on the basis of irrelevant characteristics like your appearance. they re judging the book by its cover. watch the events of summer. 2020 highlighted long standing inequalities, particularly among the black hispanic and latino communities that have had a significant impact on our country. at jpmorgan chase, a key goal is to help break down systemic barriers that have created profound disparities. that s why we committed 30 billion dollars t
help us live longer, return the favor with fresh pet, no preservatives, no fillers, just fresh, wholesome meats. and veggies for the long haul. fresh pet. how does climbin specter get among the most big verdicts ? any law firm in the country? because kleiman s specter is an award winning team with five doctor lawyers. the most of any firm in the united states . and that s why the new york times calls client inspector a powerhouse law firm. so if a defective product motor vehicle accident or medical malpractise caused a catastrophic injury call, klein and specter. there s a simple truth. moving is living. that s why every ingredient in this pain relief cream is carefully selected, precisely crafted and tested. all toward a single goal.
85%. millions of dollars. millions of dollars. so what happened to you friday? so on friday when we got the alert that the fdic was taking control of the bank, we had no idea what would be the next step. we didn t know how long it was going to take. we re grateful the fed stepped n we did what start-ups do. we took matters in our own hands. we took that fight for survival. same thing when covid happened. and so we turned to our most loyal group of customers and said, hey, we need cash right now. we set up a new account and pushed our weekend sales to a new account. at jpmorgan chase. yes. we said we need your help. the outpouring of support was so to all our viewers and guys back in the studio, the reason that i wanted benson i m
store. i m not an economist. i don t know how to manage, you know, money at that scale. frankly, like svb was there for us when we needed them. they were there for other starters. again, startups are hard. is that why you didn t pull all your money out when you heard this twitter chatter and talked about pulling money. we attempted to on thursday. it just didn t settle at the other banks. i have to think of all employees first. what were they feeling and saying? again, we were lucky to have an account already set up at jpmorgan chase. the first thing i said to my employees is we have a little cash there. p if you pay in cash in our stores, you know, the store managers run it over to chase. we knew we were going to able to make payroll this week. but we said the future is uncertain. we don t know what the next step is going to be. and so, again, we turned to customers and immediately store managers are saying the stores were packed. and, you know, what we saw online from people