that s a saving grace for customers of silicon valley bank as much as $220 billion in assets were uninsured. it s a move to prevent a run on additional banks and makes it so the tech companies that banked with svb can make payroll. at least 29 were impacted including big names like pinterest, fit bit, zip recruiter who name a few. separately the same has been done for new york signature bank shut down over the weekend. treasury secretary janet yellen says this action does not equal bailing out the banks. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and we re certainly not looking into the reforms that have been put in place means that we re not going to do that again. but, we are concerned about depositors and are focused on trying to meet their needs. ceo of pershing square bill ache man says he agrees it s not a bailout. a term come to be used he said this on twitter, quote: more banks will likely fail despite
angela paulina now facing 25 years to life following the conviction. bitcoin jumping nearly 10% in rally for crypto currency after the silicon valley bank collapse. with today s gains the entire crypto market cap is above $1 trillion. this all comes as the federal government creates a back stop for svb depositors saying it will get clients their money by selling the bank s assets. u.s. regulators also close add major crypto lend tore stem any more damage. actor ray lopen is calling out anti-christian bias in hollywood about the most recent episode of hbo s tv show the last of us. as soon as the david character in the last of us started reading from the bible i knew he was going to be a horrific villain. could there be a bible reading preacher on a show who is actually loving and kind? now to golf, saudi shepler cruises to victory saw grass. shepler back to number one in