fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
one of those position you give to elderly men who campaigned from the basement. if you want to be the guy secon in line you have to work for it. kevin mccarthy has worked for this week, in matter what you think of him becoming you get the feeling he would crawl nake through sewer to get this gig. if you take a deep breath and you think about it for a second nothing we have seen in washington recently is none of it qualifies is especially unusual or even bad, this is what democracy looks like when you get up close, i want one thing, i want another thing you schedule a vote to see who gets it or in this case, votes, but how is that disaster? it s not a disaster it s how that system is supposed to work very don t tell that moron community that. they re too overwrought to hear you, watch. and epic fail in stunning humiliation for kevin mccarthy who took the need for donald trump than gave away the store to the frame of his party. you can construct the elements with extremism,
steve bannon to testify publicly on the eve of his federal criminal contempt trial for refusing to honor the committee s subpoenas. among those scheduled tomorrow, a former spokesman for the oath keepers which played a central role in the coordination and execution of the capitol insurrection. just moments ago, president biden was joined by gun safety advocates at a white house event celebrating bipartisan legislation signed last month. while the administration is struggling with the grim reality, on the cover of today s new york times about how many in the president s own party as well as independents are souring on him. and hundreds of firefighters in california are in a desperate battle to protect 3,000-year-old historic sequoia trees from the wildfires. we begin with the january 6th insurrection. joining me now ali vitali, jeremy peters. and tim miller, author of why we did it. ali, take us through what we can expect this week from the hearings and how they might
giant. plus, weeks after the supreme court s ruling on abortion, is it still a top story in key states? we will speak with top editors in texas and georgia about that anymore and later, what is the fine line between informing and overwhelming you? we will talk about that with melissa, coming up, but first, how to decipher debates about disinformation. one of the dominant stories of our time, is a dramatic drift toward a choose your own reality , people are swimming or perhaps drowning in a sea of information, some of it straight up disinformation. meaning something that is made up, on purpose, designed to deceive you. disinformation is a real thing. a real problem. but it is almost impossible to have a conversation about it. this quote from the ap explains why, as trust breaks down polarization and anxiety increases, creating opportunities for people pushing their own alternative facts. in the case of disinformation, the term, the real throwing the real thing, that term has
provide more details from its closed-door interview with former white house counsel, pat cipollone. he testified friday for eight hours. yesterday at the south said cipollone reinforced alleged misconduct by trump, adding that his testimony included information that demonstrates the former presidents, quote, supreme dereliction of duty. a member of the committee explaining more of cipollone s testimony this morning on meet the press. he made very clear that he took the side of many of the folks we have already seen come before the committee. and he was asserting that there was not enough evidence to prove that the election was not free and fair. and that the right thing to do, i think, for a democracy is to have a peaceful transfer of power, especially after december 14th, when the states have certified their electors. also new today, former trump strategist steve bannon says he is now open to testifying before the committee. he resisted requests and defied subpoenaed,