the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we re certainly not looking at the reforms that we put in place means that we re not going to do that again, but we are concerned about depositors and we re focused trying to meet their needs treasury secretary janet yellen commenting on one aspect of the biggest bank collapse since 2008 we ll break down what s happening with silicon bank in just a moment. plus, we ll bring you mining pence s strongest criticism yet of former president donald trump. those comments came off camera we ll have them for you. and my new reporting on the growing differences behind the scenes between washington and kyiv and the growing of the war and how and when the conflict may end. good morning and welcome to weathe way too early on this monday i m jonathan lemire. president joe biden will address the nation following the second largest bank failure new state history. at 9:00 this morni
out the second largest failed bank in u.s. history we re going to have the latest on this developing financial crisis. tell you what, it was a crazy weekend. yesterday, the white house working along with people across the financial industry, doing everything they could to stop a meltdown. yeah. and it looked in the early afternoon like that meltdown was coming they understood that china s markets were going to be opening at 8:00, 9:00 at night, and they had to get things lined up before then so the asian markets didn t collapse, which would cause u.s. markets to collapse this morning it was touch and go, as you know. yeah. because we were on a lot of calls yesterday afternoon. it was touch and go for quite some time. it looks like, for now, they ve stemmed the bleeding but this, for a while, was looking like it could spread much like 2008. absolutely. meanwhile, mike pence finds the courage to speak out on donald trump, but only behind closed doors and off camer
problems as we saw yesterday, as well, u.s. officials took control of another bank in new york an economist, both inside and outside the government, was warning about this contagious effect people would try to pull out money from mid-sized banks across the country, and it could lead to a wider economic collapse they felt this step was necessary in ensuring the deposits for all banks was a way to ensure that that further contagion would not happen we ll see what happens when markets open in a little bit this is part of that effort to ensure that the economic growth they ve seen and touted, as we heard many times from president biden and top economic officials, would continue. obviously, there s tenuous markers in the economy, as you said they want to continue on this path, but this was a way, they feel, to step in and ensure that progress can continue unabated. again, we will be hearing from the president later this morning on this issue.
everything they ve wanted for 60 years, and that was the prediction you know i just thought about that, and i said, you know, we run the state of florida we don t subcontract leadership out to a woke company in the state of california in the state of florida we re signing the bill, and i don t care what disney says. lots to fact-check there. if he does, indeed, jump in the race, that s what it s going to being all cultural war meanwhile former president trump makes the firstston of his third presidential campaign in iowa later today. he s going to be in davenport, which is one of the cities that desantis was in last week. meanwhile the 95th academy awards in los angeles aired last night without a hitch or a slap. brendan fraser took home the oz scar for best actor for his position in the whale, a psychological drama that details the struggles of an overweight man and his family it. was his first nomination and win
politicians and journalists in the nation s capitol pence was one of the featured speakers and said this president trump was wrong. i had no right to overturn the election, and his reckless words endangered my family and everyone at the capitol that day, and i know history will hold donald trump accountable. make no mistake about it, what happened that day was a disgrace, and it mocks decency to portray it any other way. speeches at the gridiron usually are humorous he took a shot at trump over classified documents saying that were stuck in the president s bible. pence then added, quote, which proves he absolutely had no idea they were there. pence also made what was perceived as an off-color joke about transportation secretary pete buttigieg pence said buttigieg said,