teacher of the year. congresswoman, i am actually holding back tears as i wa reading this piece about these children and their funerals. there should not be happenin and, the united states o america. the shot be happening anywhere but it feels like it is only it is uniquely america problem. so what do you say the republican colleagues wh believe that arming educator are solution to this issue can you hear me i am muted. i am like maybe it s my emotion? no, i have said first of al thank you for having me and feel this with every fiber o my being this is actually the reaso that motivated me to run for congress, the discussion around arming teachers and whe the previous secretary o education came before th congress, this is how directed my questioning. and their very first resolutio
additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know we do have the statemen straight from we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the
the businesses are going to be able to get their money. they are going to be able to pay their bills. they re not gonna lose anything now, it becomes far less urgen to figure out what s gonna happen to the banks that are basically created out of the shells of this failed banks. if you remember another enormous failure tha happened in 2008 in the summer it took nine months and fdic receivership of where it was called so, that could happen here because the urgency is gone. we don t need a midnight dea anymore. that means the government isn gonna offer the same kind of deals that they might have under more pressure. i want to redo a line fro this joint statement by th treasury federal reserve and fdic after receiving a recommendation from the boar of the fdic and federal reserve, and consulting with th president, the secretary approved actions enabling th fdic to complete its resolutio silicon valley bank. any sense of what that
protecting deposits an providing access to credit, to households and businesses, in manner that promotes strong an sustainable economic growth. here s the real after receiving recommendation from the boards of the fdic and the federa reserve, and consulting with the president, secretary yelle approved actions enabling th fdic to complete its resolutio with silicon valley bank and a manner that fully protects all depositors here s where the timeline come in depositors will have access to all of their money, starting monday, march 13th another important line, no los is associated with the solutio of silicon valley bank - will be borne by the taxpayers so much to unpack there, stephanie. i think wearing a get you back in the second. let me bring in representative judy chu of california representative chu, your reaction to the strength statement, this action by th treasury federal reserve enoug the icy?
we start this hour wit breaking news of washington. the federal reserve just announced it will make additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know we do have the statemen straight from we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha