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families, which is a war crime. the news continues. aa erin burnett outfront starts now. the banking system is safe. tonight, president biden moving to calm panicked americans. two banks collapsing in three days and now the spotlight on the entire industry. and donald trump s lawyer s going on the offensive ahead of a potential indictment. the former president refusing to testify before a grand jury. our department is urging anyone thinking about traveling to mexico, especially spring breakers, to avoid those areas, because right now it is too dangerous. and a warning for spring breaker after kidnappings, murders, and the disappearance of three women. [ speaking non-english ] plus, russian wives and mothers tonight calling on vladimir putin to stop calling their sons to be slaughtered. and why it s never too late for the dream. we took a vote. the president believes you ll be a valuable asset to our organization. i want to say thank you for this acknow ....
talk about silicon valley. you ve got two pools. i don t want to get technical. you ve got liquidity, which is the ability to met the depositors want to take capital out, and equity. the capital is not liquid, so how much capital you have doesn t help you meet depositors demand. we ve got to understand what these two things are. capital makes you have the ability to absorb losses. this is true, but in the case of silicon valley when rates are going up more quickly than people thought, okay, so they would take their deposits and then went out and bought longer duration and couldn t liquidate it when people wanted their money back. that seem light terrible management. no bank can deliver back all their deposits at once. it s not the way banks are designed. banks take in overnight demand deposits and lend for 30-year ....
That s most likely the scenario we re in, and someone s going to own that. is there any chance that s the depositor? no, i don t think there s any chance it s the depositor. maybe i m missing it, but the depositors are paying in their taxes to get the fdic backstop and won t get the benefit and upside. the united states has always chosen to pay the fdic tax to have insurance in place. that s not changing. we re not going to give depositors back any fdic tax. that excess return on the balance sheet a that resolve bank will end up going to the government who stood in to make depositors good. that s the return on the risk that they re taking right now. now the other point she raised. she raised dodd-frank, and she was clear she supported rolling back some dodd-frank regular las vegass that pertained to banks. barney frank supported rolling that back when he was on the board of signature bank, which is one of the ones that went under this weekend. you supported rolling these back ....
Did in the senate and house. she was clear about. that but do you think it was a mistake as she does? no, i don t. at the end of the day, we had an old-fashioned bank run, and we have bank runs. if we didn t have buank runs we wouldn t are to fdic. we have insurance for when we have bank runs. when you have a bank run, it means the depositors want the money back. banks are in business to drive economic growth and drive the u.s. economy. u.s. economy is based on banks lending. they take the deposits and lend it out for other purposes. absolutely. if we don t have deposits we don t have banks about to lend and stimulate economic growth. right, but in terms of what she s talking about, some of the dodd-frank regulations had they been in place would have pr prevented it from happening. do you see merit in that? i don t. the bank had a capital reserve. ....
Families, which is a war crime. the news continues. aa erin burnett outfront starts now. the banking system is safe. tonight, president biden moving to calm panicked americans. two banks collapsing in three days and now the spotlight on the entire industry. and donald trump s lawyer s going on the offensive ahead of a potential indictment. the former president refusing to testify before a grand jury. our department is urging anyone thinking about traveling to mexico, especially spring breakers, to avoid those areas, because right now it is too dangerous. and a warning for spring breaker after kidnappings, murders, and the disappearance of three women. [ speaking non-english ] plus, russian wives and mothers tonight calling on vladimir putin to stop calling their sons to be slaughtered. and why it s never too late for the dream. we took a vote. ....