that s a saving grace for customers of silicon valley bank as much as $220 billion in assets were uninsured. it s a move to prevent a run on additional banks and makes it so the tech companies that banked with svb can make payroll. at least 29 were impacted including big names like pinterest, fit bit, zip recruiter who name a few. separately the same has been done for new york signature bank shut down over the weekend. treasury secretary janet yellen says this action does not equal bailing out the banks. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and we re certainly not looking into the reforms that have been put in place means that we re not going to do that again. but, we are concerned about depositors and are focused on trying to meet their needs. ceo of pershing square bill ache man says he agrees it s not a bailout. a term come to be used he said this on twitter, quote: more banks will likely fail despite
the goal overall will be to instill confidence in the american banking system. federal regulator said depositors will have access to their money today. the measures have effectively waived $250,000 insurance and of $220 billion in assets uninsured. at least 29 companies were impacted by svp collapse like pinterest, fitbit, ziprecruiter to name a few. the same has been done for new york signature bank, which was shut down over the weekend pure treasure secretary janet yellen said the action does not equal bailing out the banks. we are in the middle of a financial crisis. if you were investors and owners of systemic, large banks that were built out and we are certainly not looking to reform put in place and that means we will not do that again. but we are concerned about depositories ever focused on trying to meet their needs. ceo of pershing square eckman agrees this was not a bailout in terms of how the term has been used as of recently mainly because taxpayer funds will
hheading to his real december at decemdestination, mexicocity. there s no sign of the illegal camps normally seen there. emily: this comes as sources reveal to fox news the lating shock statistics from the growing crisis at the border. we have griff jenkins on the ground in eagle pass, texas. we begin with wi will cain liven el paso. good morning to you both. good morning. ggood morning,pete, good mornin. i m sitting here with joe sanchez, regional director of the dps. he will be with senators tomorrow morning who are ahead of joe biden s visit as well. i assume you ll be showing them around a little bit here, what s going on. i ll definitely be doing that tomorrow. we re excited about that. because as you all know, i think a lot of americans don t realize what s going on down here at the border and how especially how it s impacted local can communities, our tax paying dollars are going to sheltering a lot of migrants coming in. it s tying up a lot of alaw enforcement a
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In 1979, cspan was created as a Public Service by americas Cable Television companies and is brought to you today by your cable or satellite provider. Announcer the radio and Television Correspondents association is a professional organization of journalists that cover congress. They host an annual blacktie dinner. This year, House Speaker paul ryan gave the keynote speech. This is 40 minutes. Ladies and gentlemen please take your seats. Our program will begin shortly. Please stand to honor america, as abc news news does the national anthem. O say can you see by the dawns early light what so proudly we hailed what so proudly we hailed at the twilights last gleaming whose broad stripes and bright stars through the perilous fight oer the ramparts we watched were so gallantly streaming and the rockets red glare the bombs bursting in air gave proof through the night that our flag was still there o, say does that starspangled banner yet wave oer the land of the free and the home of the brav