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calling for protests. he made the announcement today in a social media post, lashing out at the manhattan district attorney s office, which has invited him to testify before a grand jury. the arrest would be part of their investigation into alleged hush money payments to stormy daniels during the 2016 election. in the post, trump called for protests over his possible arrest, to quote him now, take our nation back. this development comes as sources tell cnn that law enforcement agencies in new york are also now preparing for the possible indictment of trump. cnn s polo sandoval is outside the manhattan criminal courthouse and cnn s crime and justice reporter, kaitlyn polantz is with us. what are we learning about potential arrests according to the former president? we don t know when the indictment may come out of the financial crimes investigations or what charges the grand jury may be asked to approve, and really neither does donald trump at this point. right now his ....
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 ....
Their money out of banks they do business with. do you see that other banks potentially could be in trouble? i don t think any significant ones, fredricka, no. there may be other smaller banks that may fail, but i don t think any significant consequences. in large part because of the government response to the crisis. they re stepping up, they ve stepped up and now guaranteed the deposits of the banks that have failed, small depositors, big depositors. the fed stepped up, it s providing a lot of liquidity to the bank so they have the cash necessary to pay off depositors, and of course you mentioned the fact that the government got those 11 big banks to come together and provide liquidity deposits to first republic. so the government is saying to us, look, i ve got the systems back, and because of that i don t expect to see any significant failures going forward. what was the key on getting those 11 banks? what kind of arm twisting would take place or why would those 11 ....
Come in. what i took away was two or three things. every deposit that all of us have, small, big depositors, big, medium sized businesses, small businesses, everyone s depositors going to be protected and insured for one year at least. number two, it sounds like the fed is going to try to figure out even more and more what happened with the silicon valley bank. sound like they re trying to sell the bank again. i think even some of the criticism we heard in the opening from some, which i think some of that is legitimate, many which there d been a private market solution to this end of the federal government not have had to come in and help. i would contend that those that say that when we got to sunday night and they had not been a deal that it was appropriate for the fed. i hope and a bipartisan way congress and the senate can agree it was the best solution to a bad challenge, bad problem. it would ve been a terrible thing and we had a continued bank run today in a serious way and if t ....