Dot Frank News Today

of them halle scruggs. you can see a picture there from 2019. just a little girl, the daughter of the bleed pastor at covenant presbyterian church. church affiliated with the school. the other two children have been identified. evelyn dick aus, william kenny. among the adult victims 61 year old cynthia peak. the other two were school employees. 60 year old catherine kunz, head of school mike hill. he worked as ext odeon. all of them lost their lives yesterday . since the shooting memor...

additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know >> we do have the statemen straight from -- we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of sil...

mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in th...

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Regulators basically saying that they were asleep at the wheel. in the months and years before these two major bank failures, some of the progressives like senator elizabeth warren, they blamed some of the deregulation of the trump the trump era specifically that bipartisan 2018 rollback of dot frank and yes, the regulators for their part, they are pointing the finger at bank leadership. michael barr, the top banking regulator at the federal reserve , in his prepared remarks, he says that silico...

Consultation with the presiden looked like? can you walk us through th tiktok of how this went down >> so, that language i designed to show that the fdic and the other regulators wer following the law. the financial reform require this kind of consultation in order for the fdic to do wha it just did. the fdic board, which is mad up of the -- currency, the cfpb director, and other fdic board members i addition to the chairman, they had to sign off on it. the treasury secretary had t sign off on i...

Order for the fdic to do wha it just did. the fdic board, which is mad up of the -- currency, the cfpb director, and other fdic board members i addition to the chairman, they had to sign off on it. the treasury secretary had t sign off on it so did the president thats in dot frank. if they hadnt done that, they could be accused of followin the law and not taking the proper steps, and its a reall big deal that they use thi profession to create thi situation where the depositors are being made who...