world. the president trying to reassure americans that their deposits are safe while making sure to blame republicans. thanks for the quick action of my administration over the past few days americans can have confidence the banking system is safe. when no losses will be borne by the taxpayers. during the obama-biden administration we put in place top requirements on banks. unfortunately the last administration rolled back these requirements. what do you know about why this happened and can you assure americans there won t be a ripple effect? should all depositors be productive at all banks? dana: present getting praise from jen psaki. it s important to note president biden does nothing at 9:00 a.m. he is a night owl. the fact that he s doing this at 9:00 a.m. anyway speaks to how vital the white house recognizes it is for have his voice out there. conveying back to the american public. dana: banks facing criticism for being more focused on the green agenda rather
We have. we are going to see politics. jesse: it s good to be back around the table and i m glad that the night owl didn t take any questions on one of the biggest bank collapses in u.s. history. i would have liked him to answer a question but maybe peter doocy didn t yell loud enough. tell me where i m going wrong. you ve a president who spent more money than any president and shower the industry with cash, silicon valley, san francisco people, more money went out the door to people for solar, everything, a big solar financing bank. all of a sudden we have record inflation and this guys are sitting on piles and piles of money and they didn t see that the fed was going after raise rates? so they made a bet that the rates were going to not go up. oops. rates go up and they are blown up and they say guys, we re going to need all of that money
Should there be some protection for small and medium-size businesses? payments and other things and how they pay their employees, we should have that conversation. but right now at this moment i think the government has done with the government should have done. it was the least expensive way to try to help address this problem. i hope going forward that everybody that s voted in the past for things they thought were right, look and see if the things that they passed our what s best for our system. dana: one thing that you said, thinking back to 2008, the phone was not really what we used to do our banking. i remember when i left the white house, i didn t have a twitter account. harold: the one with the bank, right with their dana: is much as our esteemed friend who we would love to see the table would like to see politics not play a role, it plays a role. it s a part of the system that
Those that were affected. thanks, governor. we ll see how trading goes tomorrow regional. the old maximum used to be you could be too big to fail. we ve had three occasions where you could be a smaller medium sized bank deemed to important to let go. that s where we stand. there s a huge gap. trillions of dollars worth how far you go. dana: i am dana perino if kennedy, harold ford jr., jesse watters, brian kilmeade, have already gotten started with a big fight so it is 5:00 in new york city and this is the five. this morning president biden scrambling to prevent a full-blown bank panic as fears grow. the president forced to take emergency measures after two of the biggest financial failures in u.s. history. silicon valley bank, the first to collapse followed by the implosion of signature bank. both cater to the tech start-up
Come in. what i took away was two or three things. every deposit that all of us have, small, big depositors, big, medium sized businesses, small businesses, everyone s depositors going to be protected and insured for one year at least. number two, it sounds like the fed is going to try to figure out even more and more what happened with the silicon valley bank. sound like they re trying to sell the bank again. i think even some of the criticism we heard in the opening from some, which i think some of that is legitimate, many which there d been a private market solution to this end of the federal government not have had to come in and help. i would contend that those that say that when we got to sunday night and they had not been a deal that it was appropriate for the fed. i hope and a bipartisan way congress and the senate can agree it was the best solution to a bad challenge, bad problem. it would ve been a terrible thing and we had a continued bank run today in a serious way and if t