layered with really bad fiscale, policy on top of it. but essentially they ve been encouraging people to take reckless risks for years.isks f because you had no alternative. you could just because you had no0% alternative, you could get zero percent sitting in a table or having your money in the bank, or you could run out and youthat s what they can speculate. and that s what they ve done. anand that s all cominghard. back to bite them hard.me and we ve got to majorat us. consequences coming at us . and i think it s going the lever to devolve very rapidly because of all the leverage that s been builbuilt up here.t up here. it s exactly right. you if you treated your children way fed ha like the fed, treated wall street , your kids wouldre. all be in rehab. you know what they ve done hey ve done is bad. reciate you and no doubt, stephanie , wetuc appreciate your wisdom on this. thank you. thank you, tucker. tucker: if yo pleasure.o know so if you want to what s actually happening?
ba banks in this country, wellsnkco fargo, bank of americauntry,, jp morgan, morgan stanley, collectively lost more tha nne fifty billion in market value in one day. that s quite a hiat s a ht. on the other hand , those bankss still exist. and you can t see that for bank.n valley as of this morning, silicon valley bank or svp, has gone under completely.es the that makes the second biggest bank failure in the history ofef this country and the significant sub finance, nearly half of all venture backed health care and technology companies in the unite healthcai states .ant cash it also apparently held significant cash reserves, just one of the biggestrves for cryptocurrencies, and it s now gone. federal regulators have renamed it and taken it over.ov and that means an awfu l lotf m more people lost an awful lot of money and most of that money was not insured. nhat theyno matter what they t, the fdic only guarantees bank fdicdeposits up to two hundred and fifty thousand. an