workers and pay their bills. hard working employees can breathe easier as well. no losses this is an important point. no losses will be borne by the taxpayers. dana: fox news alert. welcome to a new hour of america s newsroom, i m dana perino. bill: i m bill hemmer. dana: a great monday morning. bill: good morning at home. president biden last hour reassuring americans the banking system is in tact after the second and third largest bank failures in u.s. history in the last couple of days. silicon valley bank in california. new york s signature bank yesterday. dana: they issued a joint statement saying depositers will get their money back at both banks. here is janet yellen yesterday. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits fails, it is clearly a concern from the standpoint of depositors, many of which may be small businesses. dana: the market has been open for 31 minutes. what do we know? to avoid a re
-what happened friday when silicon valley bank fell. svb, a top choice for tech start-ups, with more than $2 hundred billion in assets at the time. that makes it the second largest bank failure in american history behind the washington mutual meltdown in 2008. we had a great recession then. the president now keeps saying we re not headed for a recession. a host of companies affected include household names like etsy and fit bit. all deposits at the failed bank will be available today. investors knew the risk and should not be protected. yes, the fdic is up to $250,000. if you invested in the banking institutions you just lost your cash. when biden was vice president, taxpayers were on the hook for bank bail-outs. they used our cash to bail out the big guys. the administration may be looking to avoid backlash for doing that this time. president biden: customers can rest assured that he will be protected and accessed to their money. no losses will be borne by the taxpayers.
welfare system but in particular foster care children and she really focuses on those aging out of the system. when you become 18 you are out of the system. half of them become homeless. she is trying to fix that. they is my first guess on everything will be okay. bill: episode one of the next season, right? here we go. dana: good to see you. harris faulkner is up next. here she is. harris: we begin with a fox news alert. americans are bracing for what it all means for our cash. three days two monthsive banks collapses. president biden a short time ago this morning addressed the nation about the epic failures and who will pay for rescuing the big banks this time. he is trying to instill confidence in the system and tamp down any possible con age