four years ago. jessica washington from the root and cnn s own john avlon join the conversation, along with joe pinion and josh barrow. let me begin with you, jessica. the troubling nature of them, you find it to be problematic. tell us why. i think it s incredibly troubling. what we re seeing is and this is always existed in american politics in american society, is this growing idea that it s a threat to have a multicultural society. that is terrifying. and i think we re seeing this fear that if we acknowledge that the world has not always been perfect for everyone who is not white or cysts or straight, that that is somehow a threat. that what you would lose things as a culture. i think that s what people are afraid of, and that s what we re seeing pushed by the republican party right now, to some of the rhetoric, including from folks like nikki haley and tim scott, who tend to kind of toe that line. i think they re still saying words like the drug of victimhood. i mean, that s i
she s the ceo.mi she joins us . stephanie , thanks so much for coming on .ur coolest, so can you just give usnt of wh your coolest, most detached assessment of whatat re seei wee seeing? this seems like a big deal . is it? well, i mean, i can t believe at you re not allayed by listening to treasury secretary yellen. i mean, clearly, she s gotve yoo the situation in hand . i also am just stunned, tucker, i thatd that you don t believe th diversity, equity and inclusion e roare the root of a sound financial system. i mean, come on have y, wherou u been for the last year? it s okay to be quiet and look,t let s get some real economists here who are just like repeating atlantic articles. re this is insane and is absolutely insane. and the layers of insanity i can t even believe the videosu you showed about the people atsu sbb. you know, focused on the women ski vacations and that it s just nonsense. and you re right. what we re and you re right, what we re facing right now is really
ba banks in this country, wellsnkco fargo, bank of americauntry,, jp morgan, morgan stanley, collectively lost more tha nne fifty billion in market value in one day. that s quite a hiat s a ht. on the other hand , those bankss still exist. and you can t see that for bank.n valley as of this morning, silicon valley bank or svp, has gone under completely.es the that makes the second biggest bank failure in the history ofef this country and the significant sub finance, nearly half of all venture backed health care and technology companies in the unite healthcai states .ant cash it also apparently held significant cash reserves, just one of the biggestrves for cryptocurrencies, and it s now gone. federal regulators have renamed it and taken it over.ov and that means an awfu l lotf m more people lost an awful lot of money and most of that money was not insured. nhat theyno matter what they t, the fdic only guarantees bank fdicdeposits up to two hundred and fifty thousand. an