insurance for deposits saving grace for deposit fors as of much as $220 billiony uninsured. move to prevent a run on additional banks makes it so the tech company as it banked with svb can make payroll. at least 29y impacted pinterest, zip recruiter just to name a few. separately the same has been done for new york signature bank which was shut down over the weekend. treasury secretary janet yellen says the action does not equal bailing out the banks. during the financial crisis there were investors and owners of stem large banks that were bailed out and we re certainly not looking and the reforms that have been put in place means that we re not going to do that again. but, we are concerned about the depositors and are focused on trying to meet their needs. so, unlike the great financial drivers stock and bond investors will not be protected by the move. and taxpayer money will not be injected. percy square agrees this was not a bailout. he wrote this on twitter, quote
Right now at 10 00 a community is heartbroken. Three High School Juniors killed in a horrific crash just hours before their schools graduation ceremony. What could have led to the accident . Plus a violent day across the district and Northern Virginia. Gun violence claimed several lives. Were live with Team Coverage. And startling about the water you drink. Lead is more prevalent in the area than you may think. Fox5 local news at 10 starts right now. And we thank you for joinin joininging us tonight. Im tony perkins. And im shawn yancy. And it was a violent day across the region and in the district. And four people were shot and a car hit a Police Officer responding to a shooting in northeast. In alexandria the citys third homicide this year since schools into lock in mode after a police found two people shot to death in homes. Team coverage tonight. Tisha lewis starts us off in northeast d. C. , tisha. What we can tell you tonight theres Surveillance Video of the man that apparently o
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