of where the republican candidates running for president stand in ukrainening a little bit shocking.t republ it s all we expected, and it sin cas at all what republican on capitol hill are saying.disc more evidence that there son a disconnectnect between republicans in washington and everyone else. we ll get that in just everyon a minute. but first tonight, it hass sinc been 15 years since the global 2018financial crisis of 2008, a. a long time, but it hasn t gonee away. it s consequences st is , in fa. still define our world. sy is the u.s. government so deeply in debt?how di how did wall street get so muchm money? what did they do exactlyuc? why are housing prices so high? hi why do our leaders stoke racial conflict? why have so many mano americans concluded that their system is rigged? in every caserigged. the anss to those questions is the same . it all bega n inin two thousand eight now 2008. u and its aftermath is a complex story, but it s justncia some up in
expected to defend the banking system after his government scrambled to prepare emergency measures to bail out silicon valley bank customers. here comes the president coming up to the podium. president biden: before i leave for california, i want to briefly speak about what is happening in silicon valley bank and signature bank. today thanks fought quick action of my administration america will have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit accounts at these banks can breathe easier knowing they can pay their worker and pay their bills. hard working employees can breathe easier as well. last week when we learned of the problems of the banks and the impact they could have on jobs, some small businesses and banking systems overall, i instructed my team to act quickly to protect these interests. they have done that. they have done that. on friday, the government regulator in char
race for the white house coming in. bottom line. business as usual. all transactions are fully functional. thank you all. sandra: we begin with president biden today scrambling to restore confidence in america s banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. john: it seems like every week there is something new. i m john roberts in washington. this is america reports. the president addressing the nation before the stock market open, assuring that their deposits are safe. taking emergency measures to contain the damage from two of america s largest firms. sandra: while the president blames bank executives and republicans for the failure of silicon value bank and signature bank, critics say about the aggressive rate hikes meant to rain and rampant inflation inflation ar
crisis that we ve seen this kind of stunning bank collapse. that s why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. no losses this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. martha: is that accurate? let s bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. now it s up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let s play this janet yellen sound bite. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we re not going to do th
Angeles. You are looking screen right at a live Helicopter Picture of the campus of ucla. The sight of hundreds of Police Officers massing right now, apparently in preparation to move in and clear out the propalestinian Protester Encampment that has now been in place on that Public University campus for almost a week. Last night, of course, 24 hours ago, we saw ongoing battles between those propalestinian protesters and proisraeli counterprotesters. That violence finally subsided after about three hours, and now 24 hours on those scenes, replaced by a massing of Police Officers , clearly in preparation for some sort of operation. Live on the campus of ucla is our correspondent, bill melugin. Bill set the scene for us as it looks to you right now. Well, jonathan, just off campus about a mile away, the Sheriffs Department has about 7 or 8 of their big jail busses parked. They are clearly preparing to make arrests tonight. And by all indications, from what were being told from our sources