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ensured better safeguards fo the banking. industry those reforms combine with today's actions demonstrate our commitment t taking the necessary steps t ensure that the depositors saving for maine safe. joining me now to discuss, emily fedor. she is a unit financia reporter at the new york times filip dump is back with us emily, it was a lot of tech no chrissy. walk me through what does it actually mean. >> so. what happened here is when silicon valley bank's sailed o friday it touched off a pani for a lack of a better word an it caused another bank to fail the federal government regulators got together they said we need to stop this. what they are doing to stop it is first of all, the fdic ha invoked a measure that it ha the power to do only if th systemic risk to the syste which apparently they've