that trend continues in 2021 and 2022. the city tried to combat growing crime by refunding the police in late 2021. but the force is struggling to bring back officers. portland has become a prime example of how quickly a city can fall into anarchy when there is a break down in the rule of law. burning down buildings, squatters. violence in the streets. last year there was a 17% increase in burglaries. if you look at the property crime, it s not much better. they had a truck pull up and break into the front door and try to drag off the atm machine. some 2,500 small businesses left portland since the start of the pandemic while its population
that trend continues in 2021 and 2022. the city tried to combat growing crime by refunding the police in late 2021. but the force is struggling to bring back officers. portland has become a prime example of how quickly a city can fall into anarchy when there is a break down in the rule of law. burning down buildings, squatters. violence in the streets. last year there was a 17% increase in burglaries. if you look at the property crime, it s not much better. they had a truck pull up and break into the front door and try to drag off the atm machine. some 2,500 small businesses left portland since the start of the pandemic while its population
that trend continues in 2021 and 2022. the city tried to combat growing crime by refunding the police in late 2021. but the force is struggling to bring back officers. portland has become a prime example of how quickly a city can fall into anarchy when there is a break down in the rule of law. burning down buildings, squatters. violence in the streets. last year there was k at the pry crime, it s not much better. they hapull up and break into the front door and try to drag off the atm machine. some 2,500 small businesses left portland since the start of the pandemic while its population
for panic or alarm. this is not 2008 where people needed to be worried about whether they could get their money from the atm machine. it absolutely is not that. there may well be concerns at certain banks, and they may even be more bank closures. but the government s made it clear that it is determined to ensure that all depositors will be able to get their money promptly and in full. that s what it signaled with its actions at svb, the silicon valley bank. and signature bank and with the support that it provided to the banking system more broadly. it s not just people with insured deposits under $250,000 who will be able to get their money back. it s people with money over
all-time, has wall street on edge. christine romans, with a look at how this all actually works, like a run on a bank, as we re seeing. how do you prevent future bank failures? as the government doing too much, too little to restore confidence in the system? help answer american questions. the decline that invitation, but let s bring in former treasury secretary larry summers for his insight. secretary summers, thank you very much for being with us tonight. and i just want to begin with your level of concern. i mean, we have more banks tonight on the brink. what should the american people be preparing for? i don t think this is a time for panic or alarm. this is not 2008, where people need to be worried about whether they could get their money from the atm machine. it absolutely is not that.