fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
candidates running for congress is shocking, all we expected, not at all what republicans on capitol hill are saying. more evidence there is a disconnect between republicans in washington and everyone else. it has been 15 years since the global financial crisis since 2018, a long time but it hadn t gone away. consequences still define our world. why is u.s. government so deeply in-depth. how did wall street get so much money. why are housing prices so high? leaders stoke racial conflict. why so many americans conclude the system is so rigged. the answer to those questions the same, it all began in 2008. 2008 and aftermath is a complex story. let s sum up in the broadest possible terms what happened. big financial institutions took foolish risks and nearly blew up the u.s. entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot their
he was perfect. if there s one man on earth that could explain the war on earth could benefit anyone by china, that would be boris johnson and we made the offer and he said he was interested. a few hours before air time, his publicist call sod say he wasn t coming and boris johnson reputed to be the smartest leader of any english speaking country in the world didn t want to publicly defend his position on ukraine and afraid to take questions about it. we found that disappointing. not just because we many assumed johnson was more impressive than that but mostly because it s a subject that badly needs to be debated and soon. millions would die in the war that boris johnson is promoting. the public has a right to know why are we doing this before it starts. as you can probably tell, it looks like it s starting very soon. so that was our experience with boris johnson yesterday. given all that, we were shocked, actually shocked. this afternoon to see johnson show up at a neocon th
At noon today is major progress is not made with the big three automakers. The economy lost money in the first week and this could take a major toll on the supply chain if it continues to grow. Todd san diego declares humanitarian crisis as thousands of migrants are released into the community. We are talking to a mayor who has been documenting this himself and hes not the only one. We should not allow people in the country if they are breaking the law, that does not make sense. Carley President Biden steered clear of the border when he visited california and arizona this week and the border czar met with fat joe in florida. Who hasnt done that . Todd i did it on wednesday, it is what you do. Carley you much watching fox and friends, im carley shimkus. Todd im todd piro. First biden impeachment hearing. House Oversight Committee chair says he subpoenaed the bank records of hunter biden and james biden after a contentious hearing that pit democrats and republicans against each other. Ca
India Business News: Mumbai: RBI governor Shaktikanta Das said offline accessibility, which is in the works, will make the digital rupee an attractive choice for retail us.