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fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-s ....
Downhill skiing's renaissance took place in the mid-to-late 20th century as American's bank accounts grew and the allure of ski vacations was popularized in movies and television. A lot has changed since then, notably the price of equipment and lift tickets. Check out this vintage commercial from . ....
Thank you for coming on. can you give us your coolest, most attached assessment of what we re seeing. it seems like a big deal, is it? i can t believe you re not allayed by listening to secretary yellen. she s got the situation in hand. i m stunned that you don t believe diversity, equity, and inclusion are the root of a sound financial system. i mean, come on? where have you been for the last year? tucker: time for the kids to be quiet, let s get economists here who are not just repeating atlantic articles. this is insane. it is insane. the layers of insanity i can t believe the videos you showed of the people at svb, you know, focused on the women s ski vacations and whatnot. it s nonsense. and you re right. what we re facing right now is really serious. i mean, we are on the brink of a ....
Me. he was also insistent that i learned how to ski. we went on ski vacations all the time when i was growing up. and he would, you know, he would have the hot chocolate at the bottom of the hill, but be watching and making sure that i was learning all the right moves and the hockey stuff. he wanted me to ski elegantly, not just recklessly. how do you like that? bret: for someone with your level of paralysis, you are able to do a lot. your car is not exactly an off the road vehicle. usually the first is 20 minutes of sheer terror, i cannot believe that this thing is going to work and we will go. and i intend it to go. and it has the ejection seat. that s what that red one is. bret: [laughs] when i got in that thing it was like, don t touch anything. to the radio is fine, and the air conditioning is great. i grew up there, yes, it was kind of cool. there were all of these buttons on the dashboard, but in terms ....
Skiing with any avalanche equipment, of course no one was. so it s really something to think about as so many families are going out for their ski vacations. it s a big deal because the biggest effort in an avalanche is how you find where people are. if you knew where everybody was, there s some hope that you can actually get them out. thanks for your reporting on this. and how fast you can find them too. it s incredible. firefighters in australia are bracing for an extreme heat wave this weekend as they baltimore than 70 bush fires throughout new south wales and south australia. some rain did help alleviate the situation. about 12 million acres of land have been burned nationwide since the fire started a few months ago. that s more than three times as much land as the amazon fires which have been burning all year. at least nine people have been killed and more than a thousand homes have been destroyed. new south wales commissioner says this bush fire season has been unpreceden ....