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and titans many charged with being woke, but the fact of the matter was, it was a bank that made the wrong bet on treasuries at the wrong time and bought tens of billions of those, the price of treasuries went down and flat-footed while people wanted their money. now it s in receivership and run by the federal deposit insurance corporation. it s a dramatic played out amidst talk there could be other problems out there. kelly o grady has more from los angeles. kelly. good morning to you, neil. yes, it s the second biggest banking collapse in u.s. history. the first major one since 2008 and it all happened in the span of 48 hours, what started this is svb found its self short on cash. the stock was plummeting. invests warned they might not be able to raise money and a bank run and loss of clients and simultaneously tried to withdraw fund. and the regulators have taken over it and insured depositors will gain access by monday. fallout could be dire. roughly 50% of ventur ....
electoral college, armed guards will throw them out. i m the president [bleep] i m challenging all of it. [laughter] challenging all of it. violence. [inaudible conversations] shoot to kill. see an antifa, shoot to kill. howard: and the other networks kept replaying the footage of the veteran gop operative and donald trump pal. clear that in some sense roger stone was a go between. the actual election didn t matter to stone. the vote didn t matter. roger stone, some of his words are quite chilling. don t know how they ll hold up in court, but they do indicate a lot. howard: but then the hurricane forced the committee to cancel the hearing, rennering all this old news by the time the session is held later this month. i m howard kurtz, and this is mediabuzz. joining us now to analyze the coverage in saratoga springs, new york, brian kilmeade, cohost of fox & friends weekend excuse me, cohost of fox & friends and host of one nation with brian kilmeade. ....
we do not have enough money. 361 filling the economy is officially in a recession as they continue struggling with something else that is beyond doubt, inflation. democrats saying this is exactly why we need more spending but would that make potentially even worse? we are on top of it all in the rescue and recovery still going on in kentucky. the death toll they re climbing to 25 after this devastating flash flood s. where going to the very latest in the state s governor, andy beshear. welcome everyone i am at cavuto. to you. it has been a turbulent week at this far, among the growing concerns on the state of the economy. recession and doubting instills the case as with the ministration is saying. and inflation, no one doubting that is alive and well. we are on top of both in how the administration is responding to be go to david s pond with the latest. hi neil good morning. president here at the white house. if you use the word recession here on these grounds offic ....
Some are hoping that a white knight might swoop in. and elon musk said could look into a digital bank. and most banks have been under tighter safeguards since 2008 and svb was making that on bonds. i used to work on the that side and we were wondering when the bubble would burst. neil: thank you. kelly on that. shark thing was telling me that he thinks that this is not a fed problem that this was unique to this bank, so it s silicon valley bank problem. take a look. the reason this bank went to zero is very old-fashioned reason, poor management. ....
reporter: yeah. well, the shark thing seems to pop up after every major storm. i think social media, where we ve seen the benefit here where we are is where the lines of communication, for some reason, people have not been able to get cell service or have been able to perhaps post on twitter. of it s at least a sign of proof of life for where we are now. we re talking to a woman off of pine island over this waterway, and she was able to communicate with her family over facebook. so there is a, there is a good side to this. but to people standing out in the weather, i think that part of our job is, indeed, to go places people can t go or maybe don t have easy access or to don t want to, so we have to showcase the risks. we don t want to sensationalize though, howie. howard: phil keating, you re based in florida. have you everred stood out in a hurricane, and if you did, did you question the wisdom of getting soaked? the miami crew s been in more than 30 hurricanes at point. ....