a lot of people are frustrated and scared. it s scary for the world, i guess. i anticipate there will be a lot of moving money to the bigger banks. neil: unbelievable. believe it. fox on top of it. a banking mess in the making and still messy. three banks have technically collapsed this month. actually in just the past week. so far fears of a contagion are not taking held. here s what we know. customers are nervous, make that very nervous. officials aren t helping matters in when they say don t worry. we ve got this. do they? we ve got you covered with kelly o grady outside silicon valley bank branch where customers have been lining up. peter doocy in san diego where the president is trying to tamp fears down. peter, what are traders watching? none other than carl icahn on where this crisis could be heading. welcome. i m neil cavuto. so much happening today in real time fast time market conditions. let s go right now to kelly in los angeles with the very latest from the
no losses this is important point. no losses will be borne by the taxpayers. the management of these banks will be fired. if the bank is taken over by fdic. now the president s team is aboard air force one trying to explain how they think they can replace deposits without supporting to the b word, bailout. the fdic is using the deposit insurance fund, which is funded by fees, not on banks, not taxpayers. the dif, the deposit insurance fund is more than enough to cover any silicon valley bank and signature bank deposits that cannot be paid using funds from the banks or sales of their assets. this means no matter what amount of dif funding is needed to cover svb and signature deposits won t come from taxpayer dollars. they have very carefully
The Helena City Commission approved the use of $175,000 for the demolition of the long-shuttered Memorial Park Apartments to make room for a new boutique hotel.