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FOXNEWS Cavuto Live July 6, 2024

and titans many charged with being woke, but the fact of the matter was, it was a bank that made the wrong bet on treasuries at the wrong time and bought tens of billions of those, the price of treasuries went down and flat-footed while people wanted their money. now its in receivership and run by the federal deposit insurance corporation. its a dramatic played out amidst talk there could be other problems out there. kelly ogrady has more from los angeles. kelly. >> good morning to you...
Doesn T Silicon Valley Bank Bernie Marcus Venture Capitalists Wrong Bet Federal Deposit Insurance Corporation

CNN Erin Burnett OutFront July 6, 2024

families, which is a war crime. the news continues. aa erin burnett outfront starts now. the banking system is safe. >> tonight, president biden moving to calm panicked americans. two banks collapsing in three days and now the spotlight on the entire industry. and donald trumps lawyers going on the offensive ahead of a potential indictment. the former president refusing to testify before a grand jury. >> our department is urging anyone thinking about traveling to mexico, especially...
County Georgia Case War Crimes International Criminal Court The New York Times Train Station Report Thousands

CNN Erin Burnett OutFront July 6, 2024

the first time the international criminal court of plans to war -- russia for its actions in ukraine. itll issue war and several people interrupting from the new york times. and writers. one war crimes cases prompted by russian attacks on the infrastructure like this one targeting train stations last year. theres also accusations of deliberately targeting residential banyan parking lot and kharkiv. they say it only hits military targets. the other case will reportedly focus on the abdu...
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CNN Erin Burnett OutFront June 4, 2024 05:07:00

Government will provide a backstop in all cases, for all banks? >> well, i think thats what is happening as a practical matter with silicon valley bank. and so what that does is it creates the expectation that that will be trouble. when you add that to what president biden says. i think thats where people began to think the market is. and the rules are going to be. but to be clear, its of the to congress. this fda seeing insurance agent was already raised from 100,000 to 250,000. i had a lot of ...
Silicon Valley Bank Deposit Limit Insurance Agent 20 Million Isn T

CNN Erin Burnett OutFront June 4, 2024 01:07:00

With silicon valley bank, so what that i think does is sort of create the expectation that will be true when you add that to what president biden says, i think thats where people think the market is what the rules are going to be. but to be clear, this is up to congress them fdic insurance limit was already raised from 100,000 to 250,000. i had a lot of colleagues say, the limit should be unlimited. should be $20 million. the point of that deposit limit has never been to insulate anybody from an...
Silicon Valley Bank Insurance Limit Isn T Deposit Limit 00 Million 20 Million

FOXNEWS Cavuto Live June 4, 2024 16:49:00

Take a deposit, they put it, because of regulatory requirements in treasury bonds. they theoretically, you know, not everybody pulls their deposits out at once, so they dont have to sell those treasury bonds. svb had to sell the treasury bonds. theyre sold at huge discounts because of the volatility in the treasury market now and prices are down. you get what im saying, its hard to get the money out right now and the federal government is not going to cover the entire amounts of money in there, ...
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