good evening and welcome to ayman. i am julián castro, in for ayman mohyeldin. breaking tonight, new word from the manhattan distric attorney, alvin bragg. why his focus into donald trum plus, the dominion votin system accuses fox o withholding information and it defamation lawsuit and fighting eight, with attacks on the trans community on the rise, a speak wit rupaul s drag race alum eureka o hara, about the fight ahead. let s get started. tonight, we begin with breakin news it s all hands on deck this weekend, donald trump i huddling with a team of lawyer damar legault. this comes as nbc news learned that the ex president has been invited to testify before a ne york grand jury next week. it s part of the manhattan district attorney s years long investigation into hush plenty payments made for adult film star during trump s 2016 presidential run so, why does the ds offer have trump so spooked the invitation is why they received the a warning of criminal charges ma
On Friday, March 10, the Federal Deposit Insurance Corporation (“FDIC”) announced its takeover of Silicon Valley Bank (“SVB”) as SVB’s appointed receiver. SVB, as the primary lender to.
panicked, took their cash out. that was the end of it for them another part of thi equation is who the customer of this particular bank were it didn t look like any bank silicon valley bank had a high number of start-up clients yeah. our markets going to view silicon valley bank as jus representative of silico valley overall what do you see as the wider impact here? yeah, yeah, well, hopefully the wider impact is limited by the fact that it has now bee taken over my assessment is probably that in the receivership process, the bank will buy the assets and debts, and everyone will b made whole i think it doesn t look grea for silicon valley banking i general, i don t think it call into question some of the more you know, solid start-ups, they ll still get money, they ll still get ange investors. it may bring in a question, as crypto did, the crashing crypto,
and dee dee myers, the chairwoman of the fdic, sheila bear. it was nice to be on the panel yesterday with the women who run the economy. it feels quite something. one of the questions i asked you is how do we move forward and prevent another economic or financial disaster if we don t have systems in place to end too big to fail or to end it. you said we do have tools to end it and we re serious about implementing those tools. what are they? basically, the procedure has been there for a long time for insurance banks. when an institution starts to fail, it s put in receivership process for large institutions. we have the ability to set up a bridge bag, transfer the good assets and provide temporary funding, liquidity support to keep the franchise operational. so it s worked well for banks. we think it can work well for nonbank financial institutions where the tools were lacking in this crisis. the statute is very clear, the