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crisis that we've seen this kind of stunning bank collapse. that's why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. >> no losses -- this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. >> martha: is that accurate? let's bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. no...

Got in trouble in the first place. this is the first bank failure that was caused by adherence to woke beliefs and policies. the woke belief that you can just print money without consequence led to them thinking that there wouldn't be any increase in inflation, there wouldn't be any increase in interest rates and they could invest their own bank on these very low interest rate treasury bonds. of course, when interest rates went up, their money was stuck in these bonds. if they pulled it out, they would have to pay a penalty. that would have broken the bank. that's where they were. they believe...