struggles that americans are facing. as the president faces accusations of bailing out wealthy democratic tech donors. the consumer price index is out for the month of february, rising .4% from january, up 6% over last year. food costs are up nearly 10% as a whole, and i don t have to tell you that basic staples like eggs jumped 55%. while gas is down ever so slightly, other energy costs are sky high. and the biggest bank failure since the 2008 disaster is adding to the country s economic concerns. it is also fueling a partisan blame game. republicans blast president biden s response to the silicon valley bank collapse, accusing him of giving special treatment to some of his party s biggest donors. while the white house is busy pointing fingers at the last administration. typical. thanks to quick action of my administration the past few days, americans can have confidence that the bank system is safe. during the obama biden administration, we had tough on banks, including t
fox news can confirm independently that the justice department is probing svb collapse. early stages. and as expected, this was first reported by the wall street journal. this is coming in spurts from david, but i wanted to get those lines to you. perfect segue to my question, kayleigh. the shareholders sued the officers of the bank. they argue in the lawsuit that per harris breaking news, that there was active concealment, that they concealed the way interest rate plays into their fiduciary duty, as gerri described, what the government jumped in to protect doesn t include the shareholders at that level, right, because they assumed risk on their own. perhaps now they ll face civil liability and potential criminal repercussions. but that still doesn t effect average americans watching this and that are concerned for their welfare. that s right. everyone is pointing fingers. where i want to point the
to be from someone who crossed the bridge earlier. the post claims the cbp told migrants they would let them into the united states if they showed up at the bridge sunday with a child or extreme asylum case. the post ends with the words do not miss this opportunity. apparently there s also an app cbp1 that some of the illegal immigrants were upset about. i would like red state governors put together a coalition of national guard units to deal what the federal government refuses to do. they re in violation of the constitution not preventing invasion. this is invasion. call it what it is. if the feds won t do it, i would love red state governors take initiative, band together, solve this problem. like violent crime, americans are strongly in favor of border security. want to stem the tide of illegal immigrants coming across the border which is wait open. there s no border wall with this administration,
you were saying about that pool of people that bank there, the richest of the rich, bailing them out far above the fdic insured amount of 250,000, all that we can have. a lot of donors are democrat at that bank, maybe not so much donors as palstein, ohio. just an observation. those rules won t apply to regular americans. you will not get those benefits. that s what s so upsetting. i think this technically is a bailout. you have to call it a bailout. so two investigations. the justice department, securities and exchanges commission both investigating the collapse of silicon valley bank. i want to get to this one part. i have been reading into it a bit here. the investigations are examining stock sales that silicon valley bank financial officers made, which is what you were talking about, jake, just days before the bank failed.
it, that applies to everybody at any amount. so they can t go out and save silicon valley bank and then a month later, two months later, two years later say they re not going to save this bank and make all the investors whole. the cost is about $15 billion. i can tell you the administration is saying that money will come from fees. but those fees are set up for us, not for these companies who on the west coast deep pocketed venture capitalists are being saved here. and what s happening to americans who are paying 6% inflation? and here s my follow-up question, jerry. for those that argue this is a contained environment, that essentially the administration is jumping on the grenade, we have seen in big banks, they re decreasing solvency. people are worried, pulling out their investments. we have seen the market has shuttered with this. we also know that what