additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know we do have the statemen straight from we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confid
mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the bank if you talk to any members o congress, like our team on capitol hill, yesterday an today, the biggest thing the want is a sale of the bank and on the congressional side, the california delegation of republicans and democrat wrapped a briefing call this afternoon. they were briefed ahead of thi public statement they want both the engineering of a sale of the bank, and t raise the fdic limit right
and on what kind of timeline - certainly i would say now, alicia, not home - not even almost certainly. invitation with trump to testify this week is the final step that you give a target courtesy that trump will tur down and michael cohen is the sta witness, and he s being put in at the end for maximum impact. also to make sure consistenc with the other witnesses and, given the whole torturous path that this case was take from one - came into office and mothballe it now, i m very confident i saying the dye is now cast timing is a little interesting because they ll have a chance. trump certainly won t testify. the lawyers will have a chance to come in and try to talk him out of it. in my experience, sometimes, they play for a little bit mor time, a few weeks. but where the last stage and that s all the time they have. it could go to the end of th month, but not much more tha that
in all this craziness, then yo have to face the voters who, a you said, want no part of this harry, there s a call for accountability as it relates t 16 there s also accountabilit likely coming from a different direction. alleged hush money payment t stormy daniels ahead of th 2016 election might actually b around the corner. you have trump s former lawyer testifying before a grand jury in new york tomorrow what do you see this handing and on what kind of timeline - certainly i would say now, alicia, not home - not even almost certainly. invitation with trump to testify this week is the final step that you give a target courtesy that trump will tur down and michael cohen is the sta witness, and he s being put in at the end for maximum impact. also to make sure consistenc with the other witnesses