we ll get access to all thei money, starting monday more details in just a moment. then, empty words from mik pence, he wants history to hol donald trump accountable for january 6th, but refuses t testify against the ex president. and then, two gop le committees are on the ropes, but me moments ago, treasury secretar janet yellen released statement along with the federal reserve in the fbi and see on this silicon valley bank saying, quote depositors wante access to all their mone starting monday, march 13th, and no losses associated wit the resolution of silico valley bank will be borne by the tax perry. this means that the taxpayer will have access to all th money starting tomorrow also announced it you are seein future bank was closed, and deposit is there would also be made whole the rapids demise of silicon valley bank, began with th surprise announcemen wednesday. you need to raise over two billion dollars to keep up its balance sheet, within 24 hours depositors had with
the current situation. but we will see, think about the political backlash, becaus the administration will sa over and over this is no available, but those words are not magic, they don t make the action itself availed or not a bailout, as what we re gonna have to educate in the month to come, and as we watch unfold as you mentioned, of course this is going to be perceive as political and subject a lot of a lot of back and forth some of it is already happenin this morning, katie porter questions how svb, wasn t able to see its own collapse coming i want to take a, listen her she is talking to jonathan capehart on the sunday show. there are real questions, about why the bank didn anticipate one of the most fundamental financial fact that everybody should know which is that interest rates g up, and they go down you canno