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MSNBC Chris Jansing Reports June 4, 2024 18:02:00

That was a great sigh of relief on wall street the government also implied that ul aof the other banks might get some backstop as well although they didn t spell it out that way, but that s the implication and the president said your deposits at banks around the united states are safe there is a little bit of confusion about whether there is any other deposit risk in any other banks that are out there even though the government has provided plenty of assurances that everything is going to be fine so big regional banks that trade very strongly every day are down another 15%. a lot of people are trying to figure out why, given the fact the government is trying to imply everybody s deposits are safe right now so relief and a little confusion, chris. all right, cnbc s bob pi saun bob pisani meanwhile we re watching the courthouse where michael cohen is talking to the grand jury regarding hush money payments made to stormy daniels ....

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CNN Inside Politics With John King June 4, 2024 16:06:00

And it was important and it was not just symbolic but it certainly was a dramatic backstop here both for lenders who are in trouble to some degree or on the verge of being in trouble as well as those depositors who were concerned about making payroll. that said they re watching the market and realize it will be a bumpy couple of days. they re hoping they did enough but they know perception is just as important as reality sometimes, john. phil mattingly, thanks for getting us started. with me in studio, bloomberg s maggie collins and gina smallic of the new york times. you hear phil using terms like facility. the president saying this is not a bailout. taxpayers won t pay any money here. how is it different from 2008 even though some of the language is familiar? i think it s different in a couple of really important ways. one of those ways is that banks as a whole are in much better shape. and so in 2008 we saw a situation where banks had ....

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CNN CNN This Morning Weekend June 4, 2024 11:27:00

They believe this is pretty limited to small banks. but as you noted, these higher interest rates, they can complicate the picture for these mid-level banks, especially ones that have investments that are betting on interest rates remaining at a certain level. what do you think the federal government should do to perhaps step in and fix the problem with svb and some of these other banks that might be at risk? well, regulations like dodd-frank, they need even more teeth than they have currently. that is what the government should be there for, is not just to be the backstop when things go wrong, but to know that all of these firms are liquid enough that they can cover these deposits that they are having to make in terms of payroll or just withdrawals in general. really it needs to be greater regulation with more teeth on enforcement. bill tyler, we got to leave the conversation there. so sorry that you have to deal ....

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CNN CNN Newsroom With Jim Acosta June 4, 2024 21:36:00

Bank managers who made failed decisions to get ourselves into this mess to begin with. we need to make sure workers get paid. and, to make sure this contagion does not spread to other regional banks. we need a three-part plan. we need a timely sale of assets tonight, hopefully one that guarantees one 100% deposits for innocent depositors who did absolutely nothing wrong. and second we need to immediately raise the insurance limits to make sure more people have confidence in don t feel they have to withdraw all their money going into tomorrow. and third i think we need some type of federal backstop. especially for small and midsize regional banks to make sure they have enough confidence and enough liquidity for people who are in that spot where they feel like they have to go in line up at the bank tomorrow. who used to be a venture ....

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MSNBC The Beat With Ari Melber June 4, 2024 23:27:00

Of one of the things tokeville said about the good part of american culture, which is that the traditions of the courtroom done right, facts and our peers as the backstop, not elites, not the rich, not a monarch. our peers are the courtroom backstop in the jury, and the facts are what we re all supposed to work on. 12 very different people can come together. they ll be asked to do that if this case goes to trial. at a time of so many problems that might be some silver lining. andrew, love having you on. hope you come back. i m glad to be here. okay. andrew weissman, thank you sir. coming up, we ve seen these warnings about domestic extremism and hate. new reports about a plot specifically targeting jewish leaders. part of our accountability and civil rights, we have that story later tonight. first, it s been about three years and it s one of the most important questions we don t get a lot of straight talk or good hard data on. where did covid come from? ....

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