and pentagon concerning the russian downing of a u.s. drone. new video shows when a pair of russian fighter jets approached the drone and brought it down. let s bring in oren liebermann and jeremy diamond. let s start with what the pentagon is saying about this new video. reporter: the video itself is pretty incredible. a close look at what happened early tuesday morning over the black sea. there are essentially two pieces to it. in the first one, a russian fighter jet makes a pass at a u.s. mq-9 reaper drone, dumping jet fuel. you see the drone itself is still operating. the propeller spinning, in the second clip of the video or the later part of the video, you see a russian fighter jet make another pass. you see the same dumping of jet fuel and this is where the russian jet collides with the u.s. drone, damaging its propeller and forcing it down. it s critical because this is what backs up the u.s. account of how this all played out over the course of 30 to 40 minutes o
so there s a financial crisis in 2008, obviously, that was devastating to a lot of big banks and smaller banks. in 2010, congress passed a lot, the dodd/frank act, that created much more rigorous regulatory structure, made the fed more powerful in terms of making rules that were supposed to force banks to be more safe. some of those rules were dialed back, both by a law that congress passed with democratic and republican support, and by actions the fed took a few years ago to kind of go a little easier on regional banks in particular. and so those rollback of regulations i think is getting a lot of scrutiny now. why did the fed decide to go easier on the banks when times were good? because it s when times are more strained, especially when there s a big change like interest rates are going um, that these banks can come under pressure. there s going to be a lot of scrutiny from congress and inside the fed as to whether they went too far in rolling back the regulations and maybe they nee
it harder, simply put, layer defenses for a very sophisticated intelligence agency to get access. but as we know, it s a sophisticated intelligence agency. it will find other means. i have to be honest with you. without control of the data, and privacy rules, in other words, having more rules about data and privacy access, including giving that to a third party, say, a u.s.-owned cloud-based company, this ban is more about trying to decouple the united states dependency on chinese technology. and that s consistent with a lot of things we re doing in the sort of trade and technology space. so this is just one thing. i m not a user of tiktok. but 100 million users, a lot of them are not going to be happy. we shouldn t think this is an easy thing to do. there will be a consumer concern
purposes and they all got in trouble at the same time and depositors needed money at the same time. we don t see that across the whole company. we have a tech start-up downturn and it caught these two banks up. going forward, there s less of a risk of seeing a lot of these. let s get your take on this exchange between secretary yellen and senator elizabeth warren. we re all waiting to see what the fed does on the we expect the back end of this turmoil within the banks. but we heard from, give that to me again. i will just read it. she said over the last few days we have heard a lot of republicans say that the collapse was not their fault, that it was the banking regulators that were asleep at the wheel. and believe me, i have questions for a lot of the banking regulators. but congress handed chair powell the flame thrower he aimed at the banking rules, suggesting that chairman powell has some culpability here. give us the context around that from senator warren. sure.
bank failure ever in u.s. history. now a lot of attention has been on first republic bank. a san francisco based bank, has almost $200 billion in deposits. the stock had been plunging over the last week. moving higher today, up 7%, but you have to remember, this morning, it opened down 36%. the turnaround was driven by the fact now there s this industry-led rescue effort, a source familiar with the matter confirms to cnn that big banks including jpmorgan, wells fargo, citigroup, bank of america, and truest, are in talking to provide a life line to first republic bank. now, this would be structured as deposits. about $30 billion in deposits that would go from the big banks to first republic. and the goal here would be to try to provide them some additional financial firepower to offset some of the deposit withdrawals they have been facing. we have to remember big banks have actually had this influx,