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culture. and that is tonight s reidout. all in with chris hayes starts now. tonight on all in - because of the actions, it already taken. every american should feel confident that their deposit will be there, if and when the need them. banks closing, stocks falling, and the governmen rushing to shore up the system what happened this weekend, an how to stop it from happenin again. congresswoman katie porter joins me on that then - this is all about accountability he needs to be held accountabl for his dirty deeds. all eyes on the grand jury, as michael cohen testifies against his former boss. tonight, just how close ar prosecutors to indicting the e president. plus, how a handpicked conservative judge effectively hit an abortion pill hearing from the public. and as trump dick tackle desantis had on an iowa, here the softball interviews. i ll tell you, you know, as governor, and if you are determined executive, you ca make things happen, and we v done ....
the best moments from thos speeches dreams are something yo have to believe in i almost gave up on mine to all of you out there, pleas keep your dreams alive [applause] to all of the people wh have supported the genre movie that i ve made for all these years, the thousands and hundreds of thousands of people, we just won an oscar together! for all the little boys and girls who look like me watchin tonight, this is a beacon of hope and possibilities this is proof that dreams drea big, and dreams do come true and ladies, don t let anybod tell you you are ever past you prime. never give up! [applause] and on that american drea affirming note, i wish you a good night from all of our colleagues across the networks of nbc news, thanks for staying up late i ll see you at the end of tomorrow tonight on all in - because of the actions my administration has already taken, every american should feel confident that thei deposits will be there, if and when th ....
Assessment well, i have no doubt tha that is what president biden hopes happens, and that is the intent here. but i think we ve seen before, with these kinds of programs that the devil is really in th details. and there are some concernin aspects of how this is being rolled out one of the things we did wit the dodd-frank act, after th last financial crisis was we said, look, assets have to b what you have to have value of what they re actually worth and what the federal reserve i doing with this lending progra is saying, we will treat you collateral at par value, rathe than what it s really wort today. so, i understand that when you get into a bank failure, there are no good solutions. that s exactly why we can t le this keep happening. we have to repeal th regulation that trump an congress passed in 2018 to get us back to a place where w have cushions. we don t put ourselves where there are no good choices. so, you begin to answer the question i was just about to ask you, which ....
Congress or the administration do something immediately t reassure people about thei money in those pants well, i think that s part o the logic behind thi announcement that all th depositors will be fully protected. we re trying to reassure peopl and send a signal that the u.s government understands what is at stake here, and what th dangers are of allowing this t continue i do want to say that this gives opportunity now for th way fdic to start doing more evaluations of these large, bu not ginormous, that s really what they are, they re huge bu not ginormous banks, and to tr to make sure that we don t hav the same problem at othe financial institutions let us be really clear, what happened here could have bee prevented by good regulation it also could have bee prevented by the executives an directors and management o silicon valley bank, not ....
This keep happening. we have to repeal th regulation that trump an congress passed in 2018 to get us back to a place where w have cushions. we don t put ourselves where there are no good choices. so, you begin to answer the question i was just about to ask you, which is, do you thin repealing the 2018 deregulatio law will be sufficient protection against this kind o thing going forward? or is there something else tha needs to be done on top of repealing it well, there are definitel other questions here but let me be clear. i am introducing legislation t repeal that 2018 law it was bad then. i said it was bad then, and was not alone. there were other folks including elizabeth warren, wh pushed against this. but wall street s lobby in washington is simply too powerful and they were able to get no just republicans, but i thin almost 50 democrats between th house and the senate to sign o to this. so, i do think repealing the law is a good start, but i ....