loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o it, my nbc colleagues, jak ward, shannon petty. former wall street banke turned journalist, my friend bill cohen,. before we get into it, let s remind our audience of how w got there. silicon valley bank i, the preeminent bank in the valle for tech it s where all the start o stood their business in many c
the trump era banking law that loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o it, my nbc colleagues, jak ward, shannon petty. former wall street banke turned journalist, my friend bill cohen,. before we get into it, let s remind our audience of how w got there. silicon valley bank i, the preeminent bank in the valle for tech it s where all the start o
ahead. there are still a lot of goo assets inside this bank. we now know that the equit holders have been completely wiped out. the depositors, whose actual money it is, are going to ge their money back so as panicked as people are right now, it might not have a bad ending assuming, panic doesn t worsen just over a motion i think that s right. as long as panicked does not continue to spread, you re right. somebody might snap up thi bank and get a bargain in theory, it s foundational it s fundamentals really wer pretty strong. as bill says, this terribl bet. but you know, you saw the pani from this one episode. then spread over to signatur bank to the bank in new york whic had, of course, some crypt explosion. a lot of people have bee focusing on. that - cnbc today that it was specifically the contagion fro the silicon valley ban collapse we saw it move from one plac to another
continue to spread, you re right. somebody might snap up thi bank and get a bargain in theory, it s foundational it s fundamentals really wer pretty strong. as bill says, this terribl bet. but you know, you saw the pani from this one episode. then spread over to signatur bank to the bank in new york whic had, of course, some crypt explosion. a lot of people have bee focusing on. that - cnbc today that it was specifically the contagion fro the silicon valley ban collapse we saw it move from one plac to another there are other regional banks we are worried about now i think you re absolutely righ that there could be a silver lining for somebody who snap this thing up. it is this reputational harm that i think everybody i really shaken. by gravity is suddenly not trustworthy. the ability to just pu something into a bank that you can rely on it, suddenly is no as solid as we thought it has that feeling, you know, i feel like i m always bumping into this in my beat it feels like we re makin