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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 06:13:00

Thought to themselves, does th united states have a reliabl banking system like i thought? the reputational harm here whether you re blue or red it s really broad. it speaks to something large about banking than any of th political divisions were discussing we certainly do. it safer than ever. the president essentially go in front of an audience toda and said, we ve got your back. beyond the 250 grand that th fdic insures we ve got you all the way up bill, doesn t that feel, while the administration might not say it is, almost a move towards nationalizing banks? if i m running a bank and we actually make a move like that i don t know, i now know that have a government backstop tha i can really roll the dice and play yahtzee because the government is goin to have my depositors back well, it s absurd tha people are playing politics in this situation these are real people, wit payrolls, they just came in. you can t be naive enough t say. that one word for you, covid look, we have ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 06:03:00

Of money from the bank, causin a run on the bank, causing the fdic to step in, shut them dow and essentially take over. what did we learn last night that the government stepped in and for both silicon valle bank, and another bank signature bank, they said, w are going to stop out al depositors we will make you whole they wanted to do that for the depositors, but also to stop contagion. they didn t want the markets t open today and for other small an regional banks to get hurt the president got to the podiu today, and essentially said th same thing said to the country, your mone is safe with banks you will be made whole i ve got your back here s the problem today the markets didn t respond t that there are two schools of thought. there are, there s main street and there s wall street. four main street, a lot of people around the country ar suddenly saying, i heard wha the president said, but i m no ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 06:18:00

Maybe there could ve been some consensus. people could rally around common enemy but in washington, people don even seem to rally around common enemy they can t even rally around vladimir putin as economy. they are certainly not rallyin around a common enemy here wit the banking ceos they re much more interested i trying to score shots agains the other team, and position i in 2024. but i m going to take a dee breath the president said today, we are back stop him in this. just a quick reminder to our audience, even without the biden bailout, your deposits i fbi insured banks are safe up to $250,000 the average american has les than 50 grand in a banking account. sadly, millions of americans have far far less than that. we are safe and secure even before this up to 250 grant. let s remember that. jake ward, shannon, my frien bill cohen thank you so much, we are just getting started. for deeper analysis on where w ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 03:27:00

Florida. like, this thing is going to take forever you think stewart, given the timefram here, and we know donald trump does not care. nothing slows him down is any of it going to impact this race, this presidential race that he s going head on four well, i hate to grew donald trump, but i think it s going to help him. look, everybody knows what happens here to believe donald trump, you have to believe he became th first person in the history of the world to pay $130,000 no to have sex with a porn star now, nobody believes that. so, i think he s going to do exactly his way out. he s going to attack the system and he s going to make it test are you for the deep state system, or are you for donal trump? and you know, a lot of the audience that trump is appealing to, they believe h is the president so, to the president of th united states, who s bee illegally denied office, bee indicted on some crazy thing ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 03:18:00

But in washington, people don even seem to rally around common enemy they can t even rally around vladimir putin as economy. they are certainly not rallyin around a common enemy here wit the banking ceos they re much more interested i trying to score shots agains the other team, and position i in 2024. but i m going to take a dee breath the president said today, we are back stop him in this. just a quick reminder to our audience, even without the biden bailout, your deposits i fbi insured banks are safe up to $250,000 the average american has les than 50 grand in a banking account. sadly, millions of americans have far far less than that. we are safe and secure even before this up to 250 grant. let s remember that. jake ward, shannon, my frien bill cohen thank you so much, we are just getting started. for deeper analysis on where w are and where we re going from here go to msnbc.com and check ou ....

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