word with the great lawrence o donnell. good evening hey there when i heard elizabeth warren say that she want banking to be boring, i, thought mission accomplished my entire life i hav considered those two words hav always gotten together banking and warren until one of them fails. and so, here we are. you are either a person who is excited by the movement o money, or you are lulled t sleep by it i, mean yeah. i took a lot of economics in college, and definitely put in my hours in terms of learnin it but i can t say enough or move me or gave me feelings that said, on days like this you need somebody like elizabeth warren somebody like katie porter, wh was on here earlier, to both explain what is going on but also pointed a finger at the people who did it wrong, here. who brought us to drama like we ve had in the past fe years. yes jen psaki is going to join u later in the hour. because there is nothing quite like - well there are things, like bu bank failure is one of
do it for us tonight thanks very much for being here now, it is time for the last word. with the great lawrenc o donnell. good evening good evening, rachel. you know, when i heard elizabeth warren say that sh wants banking to be boring, thought mission accomplished my entire life, i ve considere those two words have alway gone together, banking and boring and of course, until one o them fails and so, here we are. listen, you are either person who is excited by the movement, or you are lulle asleep by it i mean, yeah i took a lot of economics in college. and definitely, like, put in m hours in terms of learning it. but i can t say it ever move me or give me feelings that said, on days like this you ve got to i mean, you need somebody like elizabeth warren, somebody who s like katie porter, who i on our air earlier tonight, to both explain what s going on but you also, i, think point the finger at the people who did wrong here, that got us to trauma like we ve had over th
look, those banks jpmorgan citibank, bank of america, wells fargo, they re big enough we don t really want them to get any bigger so i think the agencies did th right thing which was say. look, whatever much you have there, forget about the fdic cap on insurance which i $250,000 per depositor, we r gonna guarantee so that yo should be safe to leave your money where it as you don t have to flee thes mid sized banks or credi unions or what have you. you can stay where you are michael hiltzik, thank yo very much for your brilliant coverage of this on the lo angeles times, which peopl should be following. and thanks for joining u tonight. much of the same to you lawrence goodnight. thank you and when we come, back but jen psaki comes next to discus what was happening inside th west wing this weekend as th biden administration learned about the collapse of th
wells fargo, they re big enough we don t really want them to get any bigger so i think the agencies did th right thing, which was sayin look, whatever much you have there, forget about the fdic cap on insurance which i $250,000 per depositor, we r gonna guarantee it all, so tha you should be safe to leav your money where it is you don t have to flee these mid sized banks or credi unions or what have you. you can stay where you are michael hiltzik, thank yo very much for your brilliant coverage of this in the lo angeles times, which peopl should be following. and thanks for joining u tonight. much of the same to you lawrence goodnight. thank you and when we come, back but jen psaki comes next to discus what was happening inside th west wing this weekend as th biden administration learned about the collapse of th silicon valley bank. how that changed everyone weekend in the white house that is next