by dousing it with high interest rates and now they re like the triage doctor trying to stabilize the patients, which are the banks. ashley: alexandria hoff is live in washington, good morning. alex alexandria: it would have led to another rate hike, that fight against inflation may have to be placed on hold. it was an attempt by silicon valley bank that led to selling off of securities. by thursday, stock began to nose dive and by friday regulators shut it down. sunday signature bank suffered the same fate and emergency measures were enacted. president biden tried to provide reassurance yesterday. president biden: americans can have confidence that the banking system is safe, deposits will be there. small businesses across the country is breathe easier knowing they will be able to pay their workers and bills and hard working employees can breathe easy. no loss and this is important points, no losses born by the taxpayers. biden administration says since investors were
banking committee, i ve been following the last week closely. the events are result of some federal bank regulators being asleep at the wheel and poor management by banks. federal regulators are not calling this a bailout since customer losses will be paid with fees and not taxpayer funds. todd: regulators had one job and apparently did not do it. former trade commission chief joined us last hour saying the same thing, that the bank would not have collapsed if the federal government did its job. the first thing out of the president s mouth, like the railroad calamity. we will hold those accountable. i ve seen no evidence of wrongdoing at the bank. that is not helpful for calming markets at times they need