by caving in to tory mps who are complaining about gary lineker. they have got this one badly wrong and now they are very, very exposed as is the government. us regulators shut down silicon valley bank in the biggest banking failure since the 2008 financial crisis. the bbc has cancelled two of its football shows, football focus and final score, after a number of presenters and pundits refused to take part as controversy continues over the corporation s decision to take gary lineker off match of the day. the presenter will not be hosting the programme tonight after criticising the government s language about migrants on social media. bbc radio 5 live has also been affected, with schedules disrupted. former bbc director general greg dyke said the corporation had made a mistake and undermined its own credibility. last night the bbc said that gary lineker would be stepping back until there is an agreed and clear position on his use of social media. our media correspondent dav
andanalysis at arbor financial services. thank you forjoining us. could you talk us through and explain why this has happened with silicon valley bank? it has happened with silicon valley bank? . , , has happened with silicon valley bank? , , ., bank? it has its roots in two factors, first bank? it has its roots in two factors, first economy - bank? it has its roots in two factors, first economy wide | bank? it has its roots in two - factors, first economy wide interest rates have risen tremendously, which has lowered the value of assets that were held by the bank, and that s not particular to silicon valley bank, it is true of all banks because instruments do drop when interest rates rise. the second factor that is very specific is that they had a very narrow customer base. not only was it focused on technology but they were focused on technology but they were focused on technology start ups which are controlled largely by these financing arms and when those financing arms and when
water boy is even more, in the old name, did so they changed it again, they went from blackwater to she, to a misspelling of the word academy. they spelled it academy or academy. it s still blackwater but they don t want you to call them that anymore. when wall street melted down, the economy in 2000, and the federal government decided it needed to spend 17 billion dollars, bailing out the financing arm of gm, it s called gm ac, in that bail out worked, that entity came back after the financial crash. but they came back under a different name, probably wise, they change their name and now they re called ally bank. this is a tried and true and frankly tiring tactic, johnson & johnson, got on the hook for its telecom powder allegedly causing cancer. well, johnson & johnson will no longer technically be the company that makes or ever made
troops at risk was worth it. let s bring in senior washington correspondent joe johns, good morning morning. good morning, carol. this individual s belief to have been involved in the most important financing arm of isis the oil and gas operations that allows the organization to do all the things it does so eliminating him is seen as a big disruption to isis operations. but more importantly, delta force personnel recovered electronic records from the multi-story structure they targeted in the raid. those records are expected to be very useful in tracking where isis is getting its money from. so this is a big moment. on the other hand this individual quite frankly, was not very well known or on the radar. so we don t know all of what u.s. forces knew about him, but it s pretty clear he would have been more valuable if he had been taken alive.
in other words, jobs in china. so that s part of the controversy about this bailout. separate from the fact that bondholders did take a hit in the bailout for gm bill: so what the administration would argue, as you know, is that the gm bailout saved the economy and saved the auto industry. reporter: yeah, that s right, bill. in other words, we avoided a depression, that s the word from the treasury secretary. we saved midwest manufacturing. one estimate has that we saved 1.9 million jobs in both gm, chrysler and the automotive industry and also that it was, essentially, nearly $40 billion in tax revenues are now coming in the door if from those jobs saved. but the bailout costs could be higher than ten and a half billion, it could actually be 15 billion when you fold in the bail outs of the financing arm. bill: did we have to sell our shares? reporter: yeah, that this the question, could we have stayed in it longer bill: i mean, that s the kind of deal i make, you know?