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workers and pay their bills. hard working employees can breathe easier as well. no losses this is an important point. no losses will be borne by the taxpayers. dana: fox news alert. welcome to a new hour of america s newsroom, i m dana perino. bill: i m bill hemmer. dana: a great monday morning. bill: good morning at home. president biden last hour reassuring americans the banking system is in tact after the second and third largest bank failures in u.s. history in the last couple of days. silicon valley bank in california. new york s signature bank yesterday. dana: they issued a joint statement saying depositers will get their money back at both banks. here is janet yellen yesterday. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits fails, it is clearly a concern from the standpoint of depositors, many of which may be small businesses. dana: the market has been open for 31 minutes. what do we know? to avoi ....
Concern from the standpoint of depositors, many of which may be small businesses. dana: the market has been open for 31 minutes. what do we know? to avoid a repeat of the panic after a collapse in 2008 you had the u.s. government stepping in to guarantee now all deposits of the silicon valley bank, depositors will have access to all their money today. no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. federal reserve makes sure smaller banks, households and businesses are also protected making extra money available just in case. silicon valley bank or svb shut down by the government on friday after a frantic bank run. its fast collapse had d.c. and ....