pac west said customers aren t rushing to take out money, adding to the turmoil a merger deal between first horizon and t.d. bank fell through. the bank citing uncertainty about when they would get regulatory approvals. a new gallup survey conducted before this week s troubles found nearly half of americans are worried about where they re keeping their money you re not worried your money in the bank right now. no. i m not. we can t pass enough laws or issue enough regulations to stop stupidity and greed and uberous. but outside a hearing on the silicon valley bank and signature bank failures, democrats on the senate banking committee pushed to tighten regulations on banks and their executives. i think that banks mostly in this country are safe. i m concerned that this congress and the former president
weakened bank safety rules. the problem we ve got is that kind of weak oversight there s no reason to believe it was confined to just three banks. a third bank, phoenix based western alliance forcefully denied a financial times report that it is exploring a sale. still, shares of western alliance plummeted nearly 40% today. bret? bret: grady trimble live on the hill. grady, thanks. those renewed bank worries pushed stocks lower. the dow lost 286.5. the s&p 500 was down 30, the nasdaq fell 59. the former leader of the proud boys political group has been convicted of his role in orchestrating the capitol riot on january 6th, 2021. enrique tario found guilty of seditious conspiracy several additional members of his group were also convicted of various charges. attorney general merrick garland commented late this afternoon.
they are not guaranteed. okay? and as you said that s taxpayer money if they get bailed out as some of them have. i also think one of the most remarkable things is you have got a bunch of banks on the west coast under the jurisdiction of the federal reserve bank of san francisco. whose president mary daly has much more concern about climate than inflation or interest rates. and her bank examiners either, bret, either they didn t do their job or they did their job or their president didn t want to listen to it. something went very wrong inside the federal reserve system. there is corruption inside the fed investigated it. nonsense. there has to be congressional investigation with witnesses and open hearings under oath to tell why didn t the examiners see what was happening? bret: the wall street journal pointed out really the only presidential candidate talking about this is vivek