of control the washington post is reporting that officials are safeguarding all uninsured deposits at ? valley bank this is a response of the government can t find a buyer for the failed bank and the treasury department has briefed lawmakers about the latest on the situation. they were the go to lender protect startups until the sudden collapse on friday. and what are we hearing from the bided administration about what s being done and what s being ruled out? the bided administration has been working trying to find a solution in the wake of a collapse a bank the treasury secretary said she has been speaking with regulators throughout the weekend and depositors and president biden spoke last night with the california governor gavin newsom about steps to address the situation. one big question is regarding the deposits at the bank for the time being the fcic insures deposits up to $250,000 leaving them to question what happens to those who have larger than that amount and t
the host of cnn s nightcap highlights intersection of business and culture. there s a lot of intersecting going on in all sorts of directions. the big question is what happens tomorrow when the financial markets open and will there be a plan in place that ensures the markets and prevents this crisis from getting worse. this is a work in progress right now. this is a race against the clock because lawmakers want the bank to be sold that would be the best case scenario and if that doesn t happen we are looking at a monday when markets open and banks open and people will be looking at banks to see if my money is safe and we know what happened in these things can move quickly. there are some concerns people in smaller banks will move the