green issue in to care. and gordon gecko kept gambling. fannie mae and freddie mac are two of the very important tools we have. people who are critical of the arrangements that we have. i there it is clear that fannie mae and freddie mac are sufficiently secure so they are in no great danger. once congress is getting out ahead of a problem. my primary interest and i know i share this with others who care about housing is to make sure nothing is done in this real estate organization to weekens the obligation of fannie mae. jesse: barney frank said everything is fine and knew washington was on their side. banks started chapg up mortgages like sushi rolls and giving homeless crack heads north gadgets. crack head, no problem. here is a jumbo loan. this is a true story. if you were a strawberry picker and wanted a beach house, wells fargo would buy that you beach house. banks were at each other s throats over who could loan the most. mortgage funds were amazingly profitable
next question at white house correspondent peter doocy is traveling with the president. good evening, peter. good evening, president biden helping to prevent a run on the banks by signaling to consumers that wealthy banking negatives are out of luck but every day folks with money in bank accounts can be guaranteed their money is safe. they are very careful to avoid using the b-word, bailout. see you in california. the plan to talk about training sailors to work out of a new joint nuclear sub base in australia to counter threats in the indo-pacific. these subs indo-pacific. the subs are powered, not nuclear armed subs, nuclear power, not nuclear armed. the president s trip not the biggest story, that s the collapse of the silicon valley bank. your deposits will be there when you need them. they will come to the deposit insurance fund. no losses will be borne by the taxpayers. job losses are coming for those president believes that took advantage of regulati
bret: it is a special day because i m here in new york and because it s such a special day we are going to wrap up early i was going to give you a kicker but we ran out of time but i will give it to jesse down the hall. jesse: you are in new york you didn t call me? bret: sorry. jesse: i thought we were close, i guess not. bret: sorry, jesse. jesse: it was 2,000s on wall street. the.com bubble had just burst people s 401(k)s were tanking. billions arey evaporating thanks to pansy schemers like madoff and companies with cooked up sheets like enrodge were collapsing. wall street was too busy juicing their bonuses to buy mansions in