we ll get access to all thei money, starting monday more details in just a moment. then, empty words from mik pence, he wants history to hol donald trump accountable for january 6th, but refuses t testify against the ex president. and then, two gop le committees are on the ropes, but me moments ago, treasury secretar janet yellen released statement along with the federal reserve in the fbi and see on this silicon valley bank saying, quote depositors wante access to all their mone starting monday, march 13th, and no losses associated wit the resolution of silico valley bank will be borne by the tax perry. this means that the taxpayer will have access to all th money starting tomorrow also announced it you are seein future bank was closed, and deposit is there would also be made whole the rapids demise of silicon valley bank, began with th surprise announcemen wednesday. you need to raise over two billion dollars to keep up its balance sheet, within 24 hours depositors had with
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
that is all the time i have fo today, i m alisyn menendez, for when i m in for stephani ruhle on the 11th hour, i ll b back here saturday and sunda for more american voices and for now i ll hand it ove to my friend julián castro hello julián. good to see you, alicia thank you so much. you know, who needs the oscars when you have quite a bit of drama tonight in the banking system big, big news indeed, looking forward to see how you cover it good evening, i m hala and cause, throw in for mehd hasan. tonight on the mehdi hasan show, breaking news. u.s. treasury steps inside silicon valley bank depositors