corporate executives, they when you load a bank up with risk and then give yourself these gargantuan bonuses, stock options, and then the bank blows up, you don t get to keep that money. the only way that we re going to get them off of this idea that the cool thing to do in banking is to take a lot of risk and pay yourself a lot of money, is to say that when you blow up the banks, you re going to lose that money. you ve got a bipartisan bill, introducing it in just the next couple of days. we re going to put the finishing touches on it. i want to get it through the banking committee, all ask for a markup on it and take it to the floor of the senate to get a vote. it s one of the biggest bank failures in american history. i think they re probably you should not work away with 40 million. elizabeth warren, thank you very much. thank you. coming up, elon musk sinks even deeper down the right wing rabbit hole. defending himself in a new interview with cnbc.
of silicon valley bank, that was not the fed fault, not regulatory issue, it was plain straight idiot management underneath incompetent board. i hate to put it that way, those are the facts. you can t protect yourself against idiot management, there is always a black swan and you found it in silicon valley bank. this morning with the new policy, i don t care what bank we re talking about anymore, you as a depositor have no risk whatsoever. so what stops the idiot bank manager going forward from doing anything they want within the regulatory environment taking as much risk as possible to get the stock price of that bank up, that is how they are compensated, this will create perverse acts by bank managers and crazy behaviors. in the end, it is not a
sort of my work, and neil gorsuch, those are four names that you don t here in the same stenches, and this is what he wrote in his dissent, the current border crisis is not a covid crisis and court should not be in the business of perpetuating administrated edicts designed for one emergency only because elective officials have failed to address a different emergency. we are a court of law, not policy makers of last resort, does that given the bank up of who signed onto that where it is headed in a few months? it is a really interesting makeup given that you have a divide between liberal justice and conservative justice. i think we have to hear the whole case and find out. but this is why it is so important that congress does its job. it has to prioritize having a country with borders and caring about national sovereignty, this national sovereignty, and then it needs to actually do the hard work of making it happen. it has been deferring so many of its responsibility is to the executi