time, they are going to ensure all deposits, even those over $250,000 limit. investors will have insulation of the federal government, that is problematic. todd: alexandria hoff will break it down. regulators have waved the limit for depositors and know did the same for signature bank, which was shut down over the weekend. silicon bank, many assets were uninsured, it will prevent a run on banks and companies that bank with svb can make payroll. pinterest and zip recruiter, just to name a few. fdic reads, depositors will have access to their money starting monday, march 13th. no losses will be born by the taxpayer. the president is preparing additional comment. what about the banking crisis? president biden: tomorrow morning talk to you tomorrow morning. the president is set to deliver remarks at 8 a.m. eastern time. a bank bailout was never on the table, said janet yellen. there were investors and owners of systemic large banks that were bailed out and we re cer
been purchased by hsbc for one pound. ashley: thank you. 2024 presidential candidate vivek ramaswamy is not buying that the government is not bailing out silicon valley bank. it is crony capitalism all the way down. you have a $250,000 maximum fdic applies as the amount insured. they are changing will rule to favor silicon valley bank. banks can take more resque, for depositors at smaller banks to throw more money at the bank because you know the government will back stop it. they are not calling it a bail out, the consupport is the same. ashley: a lot of moving parts and pieces to this story and you just heard from nancy mace, she is on deck and you don t want to
this was bad behavior and final thing, the ceo, greg becker sold stock days before this collapse, i just want to point that out. ashley: what do you see happening with this? there has to be something that is done? cheryl: there will be hearings, you heard senator tim scott and mark warner, they both said they want answers. there will be hearings. i don t know how far this goes into change because i do think this is still at this point, a couple of banks, especially silicon valley bank that made very bad their asset management was terrible. ashley: you think isolated cheryl: that is my gut right now, talk to me in 24 hours, this is still getting played out with the market today. todd: you said this is not a
administration social media censorship a campaign on this bank collapse. just really quickly want to read. this the tweet from thomas maisie just got off of a zoom meeting with the fed treasury house and senate. a democrat senator essentially asked whether there was a program in place to censor social media a run on the banks. you were in this meeting this morning. what are they talking about here? right. it was brought up during the zoom call last night. the idea that if the administration was going to push for censorship of certain media stories that there is no run on the banks there should be no censorship on the table whatsoever in any way, shape, or form. whether you agree with the administration s position or not. we have seen this story before time and time again. and it s wrong. we have got to make sure that our government is not trying to censor information for business owners, individuals or the public. todd: seems to me that certain dems a lot of dems can t stop, won
time, they are going to ensure all deposits, even those over $250,000 limit. investors will have insulation of the federal government, that is problematic. todd: alexandria hoff will break it down. regulators have waved the limit for depositors and know did the same for signature bank, which was shut down over the weekend. silicon bank, many assets were uninsured, it will prevent a run on banks and companies that bank with svb can make payroll. pinterest and zip recruiter, just to name a few. fdic reads, depositors will have access to their money starting