australia, he spoke to how important he finds this, how much he wants to assure the american people. he says small businesses and employees will be protected. what kind of message is he trying to send the president certainly knows there s only so much the government can do to control this systematically, but he knows that what the government can t have a full control of is how people are going to react to this socially and emotionally. you saw that speech cater to directly that, to talk to the american people directly, to ease their fears and give them the confidence that he says that the american banking system is safe, is safeguarded with new rules that have been put in place since 2008 in addition to the new steps that the government is taking today you heard him talk about that guarantee that the investors in these two banks that collapsed over the last few days will receive all of their money, even if it was higher than that $250,000 that s insured by the fdic that chunk of inve
some $200 billion, nearly that worth of startups from here in san francisco and across the country scramble to try to get their money out. i ve spoken to ceos over the course of the weekend who describe trying to go in person to get a cashier s check out if they could true 1930s still lining up at the bank to try to get their money out. their relief this morning that the government is going to step in and have them liquid again has them very, very relieved they all say on top of all the other difficulties in tech, worrying about fdic for the big cash deposits you have to make as a venture-backed startup, that s a big addition to their list of worries. lindsey. allie, as we watch a picture of president biden heading to the meeting with the prime ministers of britain and
it s 10:00 a.m i m lindsey reiser at msnbc headquarters in new york we re following a lot of breaking news on this busy monday morning, including president biden assuring the country our financial system is safe amid heightened fears of a banking crisis after the collapse of both silicon valley bank and new york-based signature bank americans can rest assured that our banking system is safe. your deposits are safe let me also assure you we will not stop at this we ll do whatever is needed. the government is taking extraordinary new steps to ensure customers will have full access to their money, a major move by the treasury and the federal reserve to shore up the banking system and prevent the panic from spreading to other banks. plus, a promise no losses will
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payments carlos, as we mentioned, trump is in iowa today walk us through how unique a moment this is, to have a former president, current presidential candidate, under several investigations, and how do you expect this to play into his campaign a lot of people think him running for president again is actually part of his legal strategy trump feels like being a candidate will afford him some additional protections or might give prosecutors pause in pursuing him, at least the justice department it doesn t appear to be the case, but anyway, that s what some people theorize, that this candidacy is actually part of a legal strategy what you re going to hear other republicans saying, lindsey, is you may like donald trump and this in speaking the the republican primary audience, but he has a lot of baggage, he might get indicted he probably can t win because he s surrounded by all these controversies and scandals and legal exposure that s the case a lot of these