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Attempted to calm the public. so we know that we had to build more resilience into our banking system which allows it to withstand these kinds of shocks. so i cohave faith that we have the tools i do have faith that we have the tools for this sector and for our regulators to be able to reporter: just a few days ago silicon valley bank had a moody s credit rating of a. neil? neil: you know, or lucas, i know depositors are protected up to $5 the 0,000 by the ndic. i get that up up to $250,000. but there are a lot of institutions and funds that had millions there. will they be protected? reporter: that s one of the big questions, neil. there s echoes of too big to fail here at the white house, we re hearing it from a lot of people saying you cannot leapt this bank collapse and people be absolutely hung out to dry. neil: we ll watch it closely. lucas, thank you for that, lucas tomlinson at the white house. if we get any more from there, we ll, of course, keep you ....
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It kind of ties your hands what you have to do to correct that. but what do you make of that? that all of a sudden, a governor appointee, taken from the private sector, is now essentially the boss of detroit. if you follow through the process, detroit still has elected representation. i m governor of michigan. it s not detroit vs. michigan. it s detroit, if these guy what do you call him emergency manager. neil: what kind of decisions well he make? the mayor has been a great partner. we have done is in in other cities where we have an active mayor and a city council giving advice and being involved in the process because they should be involved. it s great to have them involved. neil: why did you do this? they re like, we don t need that. if you step become and look at it, we did in a progress receive thoughtful action ....