miles away. that s where the web space telescope attention of astronomers and space fans everywhere. according to nasa, the star, w r 1 to 4, among the biggest and most radiant stars known, is about to die. before going supernova. supernova s, as you may know, are the hottest, brightest objects in the night sky. the stars surrounded by cooler, glowing halo of gas and dust, a lot of it equivalent to the mass of ten of our sons. the mass comes from the starts off, which now is a mere shadow of its former self. and now only ways the same as about 30 sons. my mind is blown. the news continues. we want to head over to what s next for america s money. poppy? tonight, a banking crisis leaves more questions than answers. we had a old-fashioned bank run. did the government step in at just the right time? the banking system is safe. or overstep with what critics say just another bank bailout? plus, are more banks in danger of collapse? concern spreads to bigger in
is a short answer in terms of why. it s so fascinating. because the way that the small, medium sized banks got this rolled back in the 2018 bill, is because they lobbied and were deemed to be not systemically important. not systemic. but okay, they are obviously. vivian, i want to tense or the question that is coming to us from this strategy consultant from philadelphia. my wife and i are looking to purchase our first home. do you foresee mortgage rates increasing or decreasing as a result of the fallout? what is your thought? he asks a very wonderful question. i think realistically, from what we have heard from the fed, interest rates likely will continue to rise. on top of that i think that a lot of folks are feeling very concerned about, hey, if i am saving up for a down payment, is the bank a safe place to put that money? and similarly to how there has been a general consensus saying that we should diversify our investment
if you re looking for more. we re looking too. we re calling on a new generation of builders for navy s next-gen submarines. lomita feed is 101 years old this year and counting. i m bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people
themselves in the position we don t know that. yeah. now. when there have been more supervisors that? when they have had more regulatory stress tests? with there been a general sense on the regulatory side of things that they just from a vibe perspective, feel very in touch with the youths but that regulators were playing close attention to things? perhaps they pulled their feet off the gas when they realized, all possible. when it comes to new regulations, it s not just those divided government. your point, i don t think you could have a democrat that small banks are extraordinarily powerful. regional banks have a lot of power to. democrats voted to hold back. they re standing by the position now. and you talk to them, or if money raju, our colleague, is chasing them down the hallway, the vast majority of them are not saying, i have huge regrets. because it was bigger than just this. however there was a tiny i read the whole bill. those a tiny part of the whole t
that s why the new deal included laws to ensure deposits and boost confidence in financial institutions. the federal deposit insurance corporation, the fdic, was created in 1933, and today it covers up to $250,000 per depositor at fdic insured banks. actual bank failures still happen. there were a lot during the great financial crisis of 2008. but in recent years, just a handful every year and then, in 2021, and 2022. the danger with a bank run is that panic can spread to other banks. it s called contagion. there were one, there were two people, then four, then 16 in four months, it s a billion. that s where we are headed. so, what starts out a problem at a single bank can quickly turn into a crisis for the entire system. that s what happened during the great financial crisis of 2008. and it s why the collapse of silicon valley bank, the second largest u.s. bank failure of