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this week s actions demonstrate our resolute commitment to insure that our financial system remains strong and that depositors savings remain safe. paul: let s bring in jason trender, chairman and ceo of an investment strategy firm. jason, quite a week in financial markets. you know, the treasury secretary says all is well, safe and sound, but the markets aren t acting like it. just how big a question a problem is this in the banking system? well, paul, we don t know yet, but i think that, you know, history has taught us that, generally speaking, when there are problems like this in the banking system, they re not they generally don t tend to be isolated. i feel very strongly that in many ways the precursor for this has been 12 the years of i would say borderline irresponsible monoair the policy and fiscal policy paul: right. and so in some ways, it s not surprising that when inflation moves higher as a result of those policies, that people get caught offside ....
a rollback of regulations on banks. i will be joined by democratic congressman and former venture capitalist josh harder on the next steps to stabilize the banking industry this hour, former president trump taking the fight directly to ron desantis in iowa. ron de-sanctiuos. he is aisciple of paul ryan. he reminds me of mitt romney in california, 11 people were gunned down in january, president biden will announce stronger gun background checks i will talk to the congresswoman from that district, judy chu good day i m andrea mitchell in washington, d.c. the wall street journal is reporting that the justice department and the securities and exchange commission are investigating the collapse of silicon valley bank and stock seals sales by its executives before the bank went under. they are questioning whether regulators should seen troubled signs in new york signature bank they are scrambling to diffuse political fallout. inflation moderated slightly for the eig ....
u.s. troops have come under attack 78 times by iranian backed groups. good morning. alexandria: good morning, according to defense department u.s. contractor was killed after a group crashed unmanned ariel vehicle into a building in northeast syria 1:30 local time. once determined it was iranian origin, the war posing group says eight iranian fighters were killed in that action. lloyd austin said the airstrikes were conducted in response to attacks by the group irgc. we will defend our people. no group will strike our troops with impunity. republican congressman matt gates offered this, it is deeply sad to see americans killed and troops killed in syria. this is price of guarding oilfields in other countries. iran continue to stain desert sand with the blood of america s best. since 2021, air kurilla says u.s. troops have come under attacks by iranian backed groups and we will defend our people and respond at time and place of our choosing. we are postured in the face ....
Out big banks in the future, but had a different message one day before. have not considered or discussed blanket insurance or guarantees, we invoked so-called systemic risk exception, these are tools we could use again for institution of any size if we judge the failure would pose contagious threat. ashley: forbes media, steve forbes joins us. how should americans be reacting to this? steve: they should be very worried this administration doesn t have its act together. the treasury secretary, goes on national television or hearing in congress and three days in a row changes her tune. one day we re going on, next day, no, we will do case by case ....
A tricky balancing act actually do want to slow the economy. they do want less lending, less borrowing, etcetera. they just don t want it to happen in a dramatic and uncontrolled fashion, and that s what we re trying to do. and mostly, they re using other tools. they re lending money to banks. they re extending deposit insurance at least two to banks so far, so they re using different tools. they have to keep that banking system alive while trying to focus their interest rates on their primary mandate. it, which is inflation . jason jerome powell also said yesterday that their actions demonstrate quote all depositors savings in the banking system are safe. but then in her testimony before congress later yesterday, treasury secretary janet yellen said this. and that s not considered or discussed anything having to do with blanket insurance or guarantees of the points. so are they or aren t they? protecting ....