biden, joe biden s daughter-in-law who he spent time with in delaware, was also a recipient of that money according to the reports around these documents of two transfers of thousands of dollars. kellyanne conway and juan williams join us in just a moment. first to nancy mace from the house oversight committee. great to have you back. we heard from james comer, the chairman of the committee that there were other unnamed biden family members that were recipients of the money and now we re learning it s hallie that was married to beau biden and later married hunter biden. what are your thoughts on this today? i want the american people to know the united states is not for sale. china will not get away with paying off members of the biden family. this is wrong, this needs to be investigated and the more that we learn the worse it gets. we learned this week that $3 million taken from a chinese company going to a biden family associate. within 24 hours, maybe less than, that mon
that is the worst case scenario. for the moment the question is how far these bailouts go. martha: let s let bob answer that. you said it could go further. deposits are safe. this was not a bail out in the sense like 2008 where you protected the stockholder, protected the bond holders. this was clearly they used different tools. i think we should be clear what happened with these banks. it was right in front of us, a lot of us didn t just look. when their capital market goes from worth $40 billion to $13 billion and their balance sheet goes from $100 billion to $200 billion, they stretch to make profits. so they went out on the curve and a rising rate environment. when you go out on the curve of mortgages, two things happen. the duration lengthens and the prices go down and you lose money. martha: the question is what to do now and why hasn t the government sold the bank yet?