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what happened? erica, this happened so fast. it s stunning. silicon valley bank shut down by california regulators after the stock crashed by 60% yesterday after the bank said it needed to rapidly raise cash. this is easily the biggest bank failure since washington mutual fell apart in 2008 during the financial crisis. silicon valley bank, if you haven t heard of it, it is a major lender to tech start-ups. the fdic says that depositors that have $250,000 or less, they are insured here. they will get their money. they will get access to their money as soon as monday morning. but we know that some people, some entities, some start-ups, they have more than $250,000, and it s less clear what s going to happen to them. how did this happen? well, when the fed spikes interest rates, things tend to break. we know that the fed rate hikes have hurt the valuation of the tech companies that this bank catered to, also has hurt the value of the bonds that banks rely on to get cash. ....
this week s actions demonstrate our resolute commitment to insure that our financial system remains strong and that depositors savings remain safe. paul: let s bring in jason trender, chairman and ceo of an investment strategy firm. jason, quite a week in financial markets. you know, the treasury secretary says all is well, safe and sound, but the markets aren t acting like it. just how big a question a problem is this in the banking system? well, paul, we don t know yet, but i think that, you know, history has taught us that, generally speaking, when there are problems like this in the banking system, they re not they generally don t tend to be isolated. i feel very strongly that in many ways the precursor for this has been 12 the years of i would say borderline irresponsible monoair the policy and fiscal policy paul: right. and so in some ways, it s not surprising that when inflation moves higher as a result of those policies, that people get caught offside ....
this morning, brooke. the families of the victims who lost their lives, we are honoring them at a vigil. all six victims from the deathly rampage that left three 9-year-olds and three faculty members of the covenant school data. the family of 9-year-old evelyn dieckhaus lost her life trying to pull a f fire alarm ad an unthinkable spirit her sister said again, i don t want to be an only child. her family adding, our hearts are completely broken. we cannot believe this has happened. evelyn was a shining light in this world. katherine koonce was on a call at the time of the shooting. she hung up and went for the shooter after three gunshots, something that her friend said she would do for her students. she was an absolute champion for her students and her students always knew that she was in their corner. she was an educator herself, so she would tutor them, encourage them and the smartest person in the room. the daughter worked for the school for a decade and ....
it turns out that ron desantis, florida governor popular, won by 20 points, who they thought was anti-trump in tone and substance, he sounds more america-first and first then ukraine for as long as it takes. earlier this week, desantis called ukraine a territorial dispute not dispute not in our national interest he slammed by his virtual blank check to ukraine and open-ended as long as it takes commitment without objective benchmarks for success. he noted that this war distracts from our many other challenges, and he rejected further escalation with long-range missiles or f-16s, because the nuclear risks he believes is unacceptable with russia. the pro-war coalition heard this and they went wild. now you might ve thought that desantis had pushed for, i don t know, russia to join nato as a reward for invading ukraine. the anti-woke guy ron desantis, his ideal is putin s russia, where there are no gay people or women in power, where there are no christians. that s ....
daylight. it started from myrtle beach, north carolina. the two killed are on the screen. the ones who survived are on the other side. dana: authorities found them in this wooden shack on the outskirts of town. they were tortured for days. bill: the man arrested was guarding that being sha. ambulances rushing the survivors back across the border into brownsville, texas. according to lawmakers back in d.c., it is time for the american military to take charge. dana: peter doocy asked karine jean-pierre about that yesterday. cartels kill americans on this side of the border with drugs and now killing americans on the other side of the border with guns, why is president biden so comfortable with cartels operating so close to the u.s.? because of the work this president has done, because of what we ve done on fentanyl. it is at historic lows. would president biden consider using u.s. military, taking the same approach if it was al qaeda or isis? the president ....