responsible completely. welcome to fox fox news live, i m eric shawn. hey, arthel. arthel: hello, everyone, i m arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here s secretary yellen earlier today. what i do want to do is emphasize that the american banking system is really safe and well capitalized. it s resilient. during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we re not going to do that again. eric: well, is this going to cause a meltdown the on wall street and elsewhere? nate foy is here following other breaking news. reporter: in her remarks this morning, secretary yellen kid the not say how regulators plan to help depositors, only that they will. and she assured that the u.s.
And more unlikely that those loans will really be paid back and that is why the European Central bank which is the major supervisor of the european Banking System is taking a very close look at this and is on high alert all right lets get the view now from Turkey Correspondent joining Jones Reporting for us in istanbul during turkeys Foreign Minister has said further pressure will only hurt bilateral ties hes about retaliation but how much worse can relations get. Well the potential is to get a lot worse currently u. S. Forces are working with a Syrian Kurdish militia just across turkeys border so if you consider a terrorist organization and if they so wish they could put a lot of pressure on those u. S. Forces and the Kurdish Militia theyre working with that would ratchet up tensions further on top of that washington is looking for ancora to enforce its new
sanctions against iran has refused to do so given the current climate is unlikely to change that stance that again puts the two n
i think we re really just talking about depositor, and i think what people are missing is although the goes story insurance is only $250,000, the assets on the books of silicon valley bank are much greater than that, and they re actually greater than the liabilities. thus, i do think that all of these depositors will be made whole.. i m hoping the fdic comes out with a statement like here s 75 cents on the dollar immediately, but i do the think actually this is a great purchase for a bank to the make. silicon valley bank has a unique clientele, and until a week ago it was a much stronger bank, but it was mismanaged over the last 72 hours. arthel: uh-huh. so a couple things. if, i mean, you feel like the ceo, you know, got away with some money, are you suggesting he has to somehow give that money back? and then also back to those small businesses, start-ups that are relying on svb, do you feel that whoever does take over this
but now this latest ratcheting up of the crisis from washington don t suggest the crimean move even closer to moscow even though it may not be in its own interests as a way of punishing the u.s. that refer to russia s intentions with washington and causing further concern among turkey s nato allies all right this story insurance for us in istanbul thank you. for a different view i m joined now from our washington studio by gibson who is the correspondent for the turkish newspaper daily sabah which is close to president a k party mr certainly thanks for being with us financial analysts say that president won is at the heart of turkey s problems they accuse him of robbing turkey s central bank of its independence is not responsible for the suffering of the turkish people. i mean if you look at this year from the prison there are dos perspective that he believes he has the responsibility for the bank s policies as well he says that if the economy doesn t go well the turkish people ask him
differences in syria but now this latest ratcheting up of the crisis from washington does suggest a move even closer to moscow even though it may not be in its own interests as a way of punishing the u.s. that refer to ratcheting tensions with washington and causing further concern among turkey s nato allies all right this story insurance for us and is terrible thank you. for a different view i m joined now from our washington studio by gibson who is the correspondent for the turkish newspaper daily sabah which is close to president a k party mr certainly thanks for being with us financial analyst say that president won is at the heart of turkey s problems they accuse him of robbing turkey central bank of its independence is he responsible for the suffering of the turkish people. i mean if you look at the issue from the prison there are those perspective that he believes he has a responsibility for the banks policies as well he says that if the economy doesn t go well the turkish peopl