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After First Republic takeover, banking crisis deepens

The past two months have seen three of the four largest bank failures in US history as analysts warn of the fall of one domino after another.

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Transcripts for CNN CNN Primetime 20240604 01:12:00

Fair districts redraw, the congressional balance went 7-7. and this notion that somehow the courts are a function of who serves on them as opposed to the facts and the law they are supposed to consider is extreme dangerous. it s the same thing we see in the united states supreme court, where a change in personnel is what resulted in the overturning of roe versus wade. people in the court had changed. and a 50-year precedent was overturned. so what happened in the federal supreme court was wrong and what happened in the north carolina supreme court was also wrong. all right, eric holder, thanks very much for joining us for the wide ranging issues. all right, thank you. a major warning tonight from the treasury on the u.s. s track towards default, one month from today. and we are learning this after the second biggest banking

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Transcripts for BBCNEWS World Business Report 20240604 13:34:00

Thatis not like what happened in 2008 and that is the thing many people will be worried about, whether it is a rerun of the banking collapse. remember what happened a few months ago, with the other banks when they failed. everyone was asking that question, i ll be going back to another financial crisis, question, i ll be going back to anotherfinancial crisis, is question, i ll be going back to another financial crisis, is this going to be reminiscent of 2008? are we going. we saw government officials trying to reassure the public that this is not the financial crisis all over again. the treasury secretary made the statements and we also heard from jerome powell who said the same thing. jamie dimon in speaking to reporters said this is it, the banking crisis has taken over the us and the takeover of first republic should really stop any of these other things we have seen in the

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