the financial times first reported is partly to blame. the ceo worked from hawaii and other top executives spread out across the united states just two weeks before it collapsed. sbb warrant we face risks from the prolonged work from home arrangement. svb put it at odds with some of the talk top banking ceos . it does not work for younger people to does not work for those who want to hustle. we want people back to work. this is not an employee choice . we have to get our employees back in the office picked we see this collapse in productivity. one former executives summing up the banks culture saying it is not cutthroat like goldman sachs. out front now the private and institutional capital correspondent has been following silicon valley bank closely and cowrote the story on the banks culture. you know,
maybe there could ve been some consensus. people could rally around common enemy but in washington, people don even seem to rally around common enemy they can t even rally around vladimir putin as economy. they are certainly not rallyin around a common enemy here wit the banking ceos they re much more interested i trying to score shots agains the other team, and position i in 2024. but i m going to take a dee breath the president said today, we are back stop him in this. just a quick reminder to our audience, even without the biden bailout, your deposits i fbi insured banks are safe up to $250,000 the average american has les than 50 grand in a banking account. sadly, millions of americans have far far less than that. we are safe and secure even before this up to 250 grant. let s remember that. jake ward, shannon, my frien bill cohen thank you so much, we are just getting started. for deeper analysis on where w
but in washington, people don even seem to rally around common enemy they can t even rally around vladimir putin as economy. they are certainly not rallyin around a common enemy here wit the banking ceos they re much more interested i trying to score shots agains the other team, and position i in 2024. but i m going to take a dee breath the president said today, we are back stop him in this. just a quick reminder to our audience, even without the biden bailout, your deposits i fbi insured banks are safe up to $250,000 the average american has les than 50 grand in a banking account. sadly, millions of americans have far far less than that. we are safe and secure even before this up to 250 grant. let s remember that. jake ward, shannon, my frien bill cohen thank you so much, we are just getting started. for deeper analysis on where w are and where we re going from here go to msnbc.com and check ou
another. the biggest beneficiaries of tax subsidies are people who make 6 figure household incomes or more. no doubt about that. in fact it s a regressive policies. progressives want to talk about redistributive taxation to the poor. this is a regressive policy rich people sitting in california and new york buy electric cars that have unintended consequences leave more lives cost in the long run. i don t mean to be dramatic about it. probably would have been true the scenario you described in washington, d.c. yesterday unintended consequences we would never want in the first place. lawrence: you know, vivek, do you think they will make it required by the government? is that the path that we are on right now? yeah, so i don t think they are ever going to get that through congress, lawrence. here s their new trick. you mentioned john kerry and joe biden. they have a different game. they couldn t quite get the green new deal in full form through congress, what they have done is john k
americans. republicans say democrats don t need their help to do it. they have unified control of the government. going it alone on something like raising the debt ceiling is not something democrats are eager to do. this young administration isn t responsible for all the debt incurred. today president biden is inviting banking ceos to the white house without action there will be consequences. so far it s not moving anyone. president biden: as soon as this week your savings and your pocketbook could be directly impacted by this republican stunt. it s as simple as that. we re all hearing about the need to do this. the only issue is who does it? it s not in dispute that the debt ceiling needs to be addressed. bear in mind the fact that moderate republican senators are the ones holding firm on this. people like susan collins and mitt romney. it says the gop is not going to