jake. it is unfounded. for several reasons. firstly, the banking sector overall is much better capitalized than it was in 2008. there have been huge changes. a full-scale banking meltdown crisis, is it possible? maybe. is it likely? absolutely not, so the experts say. i was talking to one such expert here in israel where i am. the tech sector which has been so badly hit by all of this. i spoke to the venture capitalist of the viola group. he said it s not a system at risk, but when it comes to runs on banks, today they can be much faster than you think. run on the bank of the world of internet is very quick. but i do believe it s an isolated, specific event. i don t think it will have huge impact. this is not 2008. reporter: putting that into wider view, it s certainly going to hit the technology sector because tech borrowed from these institutions, but the speed at which the regulators moved shoring up the depositor savings making it clear investors won t be bailed out.
the goal overall will be to instill confidence in the american banking system. federal regulator said depositors will have access to their money today. the measures have effectively waived $250,000 insurance and of $220 billion in assets uninsured. at least 29 companies were impacted by svp collapse like pinterest, fitbit, ziprecruiter to name a few. the same has been done for new york signature bank, which was shut down over the weekend pure treasure secretary janet yellen said the action does not equal bailing out the banks. we are in the middle of a financial crisis. if you were investors and owners of systemic, large banks that were built out and we are certainly not looking to reform put in place and that means we will not do that again. but we are concerned about depositories ever focused on trying to meet their needs. ceo of pershing square eckman agrees this was not a bailout in terms of how the term has been used as of recently mainly because taxpayer funds will
ripped through the state as a powerful category 4 storm. almost a category 5. the highest, most powerful kind of you hurricane there is. sheriffs deputies in sarasota county are going door-to-door right now in the hidden river community warning neighbors about the potential for flooding because of a possible levee break. days after the storm, the effects still being felt across the sunshine state. meantime, more than 1.2 million floridians are without power. officials say it s unclear when electricity will be restored to the hardest hit areas in the western part of florida. ian is being blamed not only for the loss of property that you are seeing on your screen, but also as least 45 fatalities. that number likely to grow as rescue crews gain access to areas that have been blocked by damage. the coast guard says it has rescued more than 200 people so far and volunteers have gone out to save even more. the cajun navy, a volunteer group, came to the rescue of a woman in fort m
full extent of donald trump s misdeeds, including the attempted coup, the attack on the capital, or coming to life in remarkable detail. that is thanks to that long-awaited final report from the bipartisan january 6th select committee. last night on this show we highlighted just one portion of that report, and one aspect of his particular misconduct. his work in tandem with his lawyer john eastman to corruptly pushed the bogus and legal theory that then by s president mike pence could unilaterally throw out the results of the election and install trump as a winner. even though both men knew the plot was unlawful. now, the committee referred to that plot in chapter five as, quote, a coup in search of a legal theory. now, that alone frankly should be enough to american politics permanently if not true trump criminally. but chapter five, the chapter that we focused on last night was just one of eight chapters detailing all aspects of the attempted coup. the 845-page report dro
at least 12 people have been reported killed, and it brought epic rain and flooding to the central part of the state. hundreds of people have been rescued, that work continues overnight. over 2 million homes and businesses are without power. today president biden visited fema s headquarters in washington, d. c. and said federal aid is on its way to florida. this could be the deadliest hurricane in florida s history. when conditions allow it, i ll gonna be going to florida. will you be talking to florida ron desantis when you re down there? the answer is yes if he wants to see. let s go right to nbc meteorologist, michelle grossman. i know michelle, that we got the 11 pm update from the national weather center just moments ago. what did you learn? hi there stephanie great to see you. well it s strengthened even further, so back to a category one storm. we re looking at 80 mile per hour winds. it did weaken earlier this morning to a tropical storm, dropped into the at