with silicon valley bank i don t know that my money i guaranteed people understandably were skittish, they moved a lot o those deposits to other banks. when the deposits go away, the banks struggle to operate. that could be happening for th small and mid sized banks. which we need in this country. on the other side, was wal street who did not get bailed out fro silicon valley bank. they got paid zero so for those who invest in banks, they too are feelin skittish they re saying, hold on. if people are pulling thei money out of other small banks i don t like how this turned out for me, i m going to get o the sidelines too. panic begins panic this is an issue of the huma psyche this is not a colossal financial crash. this is not the subprime crisis this is a very different situation. but one that could have a ba outcome. so let s discuss jake ward, let s start wit you. you spent the day outside of the silicon in california. talk about how this is impacting people, thickness to small indiv
but it s clear, he s got a gam plan i think that s why he s there. and i think that s why he sticking around. i pray he gets better and gets back soon. david, what do you think? well, i think he probably thought he was gonna be senate leader after the 22 election so, we shouldn t, you know, ge too far over our skis. but it s a very tough man fo the democrats in 24. mcconnell has had the ru pulled out from multiple times over the last couple of decades, where largely, and you know, h has spoken to this, to extreme republican senate candidates have cost them, probably ove the years, eight, ten, maybe 1 senate seats, kind of political catastrophe. but he looks at the senate map and i m sure he believes the have a good shot to retake the senate, even though i think th democrats are probably right now seem to have a good chance to potentially win back th house. so, you can see both of thos chambers close, potentially. so, i agree with mark. he thinks he s playing a ver important role
the trump era banking law that loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o
those deposits to other banks. when the deposits go away, the banks struggle to operate. that could be happening for th small and mid sized banks. which we need in this country. on the other side, was wal street who did not get bailed out fro silicon valley bank. they got paid zero so for those who invest in banks, they too are feelin skittish they re saying, hold on. if people are pulling thei money out of other small banks i don t like how this turned out for me, i m going to get o the sidelines too. panic begins panic this is an issue of the huma psyche this is not a colossal financial crash. this is not the subprime crisis this is a very different situation. but one that could have a ba outcome. so let s discuss jake ward, let s start wit you. you spent the day outside of the silicon in california. talk about how this is impacting people, thickness to small individuals. this is so interesting abou this, stephanie, to be there i front of this basically, parad
loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o it, my nbc colleagues, jak ward, shannon petty. former wall street banke turned journalist, my friend bill cohen,. before we get into it, let s