Material Control Weakness News Today

the billionaire is here, too. lets get the latest from kelly ogrady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? >> thats right, neil. first republicly closed down 62% yesterday. i just checked and looks like its up 28% today. thats a good sign for them. were seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. were learning that the fdic is looking to hold anothe...

They will get nothing. thats very unfair. thats the nature of what is occurring here. at the same time, when one bank fails, that doesnt mean they all fail. this is not like 08. silicon valley bank had stupid loans out. thats the bottom line. everybody figured that out. nobody heard of this bank just 48 hours ago. we should have let them fail and not panicand not changed policy for the entire banking system. >> neil: all right. but we didnt do that. we -- we rescued three banks, a little more th...