the goal overall will be to instill confidence in the american banking system. federal regulator said depositors will have access to their money today. the measures have effectively waived $250,000 insurance and of $220 billion in assets uninsured. at least 29 companies were impacted by svp collapse like pinterest, fitbit, ziprecruiter to name a few. the same has been done for new york signature bank, which was shut down over the weekend pure treasure secretary janet yellen said the action does not equal bailing out the banks. we are in the middle of a financial crisis. if you were investors and owners of systemic, large banks that were built out and we are certainly not looking to reform put in place and that means we will not do that again. but we are concerned about depositories ever focused on trying to meet their needs. ceo of pershing square eckman agrees this was not a bailout in terms of how the term has been used as of recently mainly because taxpayer funds will
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
world. the president trying to reassure americans that their deposits are safe while making sure to blame republicans. thanks for the quick action of my administration over the past few days americans can have confidence the banking system is safe. when no losses will be borne by the taxpayers. during the obama-biden administration we put in place top requirements on banks. unfortunately the last administration rolled back these requirements. what do you know about why this happened and can you assure americans there won t be a ripple effect? should all depositors be productive at all banks? dana: present getting praise from jen psaki. it s important to note president biden does nothing at 9:00 a.m. he is a night owl. the fact that he s doing this at 9:00 a.m. anyway speaks to how vital the white house recognizes it is for have his voice out there. conveying back to the american public. dana: banks facing criticism for being more focused on the green agenda rather
bill: good luck to you. we need to get it done, right? absolutely. bill: okay. dr. trotz good luck. out of time but i appreciate thank you in washington. have a great day. dana: near governor kathy hochul addressing what officials are calling an increased terror threats threats for new city and this as tourists pour into town for the thanksgiving day parade. the city is grappling with a surge of anti-semitic protests. we re going to bring you any breaking news out of this as we get it. but first, as we see what disruptions, with which we have the right people in the right checkpoints when they show up for screening. dana: david pekoske was with us just moments ago as men s americans heading out for thanksgiving could be facing some travel trouble ahead of the holiday. that was back playing a as missy storm system spreads across the eastern u.s. causing all kinds of headaches. flightaware misery mass map, that is a terrible name. cancellations so far since
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