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suze orman is out front with answers. just in, the moment a ukrainian soldier takes down a russian jet as we re learning new details about russia training elementary schoolchildren to fight. georgia has another reporting of trump pressuring another official to overturn the election and it comes as trump s former fixer michael cohen testifies before a grand jury in new york. trump s attorney is my guest tonight. let s go out front. good evening. i m erin burnett. out front tonight, fear going global. worry of banking collapses spreading beyond the united states with mega bank credit suisse shares plummeting and a quarter of the value gone in a day and saying it s ready to bail out credit suisse with more funds in necessary and that fear ricochetting back to wall street and the dow down 700 points at one point closed down 300. shares of banks taking another brutal blow. take the regional bank first republic, it lost 20% of its value today. it is a widely respected bank ....
Action that the government took, a com bination of the fed, the fdic and treasury, is that enough and does that stem the exodus from these banks and that s some of the soul-searching that s going on right now. that s the question, is it enough? president biden on monday made a statement and he wanted to convey calm which, of course, was important to do in a real situation, right? it s not a promise that could be kept. hopefully he s hoping he never has to and that the words would provide that calm, but doesn t that concern you at all that promises like that could be made that could not be kept. well, i think to go back, one is we ve got recognize that we do have probably one of the healthiest banking systems in the world, levels of capital, levels of scrutiny, oversight and stress testing and all those things. we had at the end of 2022 over 4,000 banks. ....