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CNN CNN Newsroom July 6, 2024



top of the hour now on cnn newsroom. i m john berman. this morning president biden reassuring americans that the u.s. banking system remains safe. this despite the failure of two significant banks within 48 hours. silicon valley bank and signature bank have now been taken over by federal regulators. all customers who had deposits in these banks can rest assured. rest assured they ll be protected and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. no losses this is an important point. no losses will be borne by the taxpayers. the president emphasized the customers will be fully protected while the bank s managers and investors will be held accountable. he also outlined the emergency measures his administration took to protect the bank s customers. cnn s priscilla alvarez is with us. look, a lot of this is trying to ease the an ....

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CNN CNN Newsroom June 4, 2024 19:08:00

Nice to have, however for us that means we would have basically had to shutdown by the end of the week. and the reason that s the case is because we would have to make payroll and that doesn t really cover full payroll for us. joining us now is cnn economics and political commentators i have to call you senior, which you should be, and also the deputy assistant editor at the post. let me start with you and this emergency lending facility create over the weekend. the fed is indicating there s plenty of money and other banks should not panic and depositors should not be panicking as well. do you think this should produce any spill over effects? it should help. right, the whole idea here is to allay fears that depositors are at risks, that investors, in fact, are at risk because there is this back stop for these financial institutions. however, if you actually look at ....

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