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FOXNEWS America Reports July 6, 2024

have been ringing the alarm bell for years. we begin with this fox news alert. john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as america reports rolls onto us again our appeared happy monday, sandra. here we go again. sandra: i m sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley offering their take on all of that as they gear up for their 20202024 run. john: out with a warning about the future of guaranteeing deposits. politically, it s going to be impossible not to extend the same full, unlimited deposit guarantee to all banks. once you do it for one bank, it is hard not to do it for ano another. john: let s get straight to peter doocy, waiting president biden s a ....

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FOXNEWS The Story With Martha MacCallum July 6, 2024

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. now it s up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let s play this janet yellen sound bite. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we re not going to ....

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FOXNEWS The Five July 6, 2024

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 ....

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FOXNEWS Special Report With Bret Baier July 6, 2024

next question at white house correspondent peter doocy is traveling with the president. good evening, peter. good evening, president biden helping to prevent a run on the banks by signaling to consumers that wealthy banking negatives are out of luck but every day folks with money in bank accounts can be guaranteed their money is safe. they are very careful to avoid using the b-word, bailout. see you in california. the plan to talk about training sailors to work out of a new joint nuclear sub base in australia to counter threats in the indo-pacific. these subs indo-pacific. the subs are powered, not nuclear armed subs, nuclear power, not nuclear armed. the president s trip not the biggest story, that s the collapse of the silicon valley bank. your deposits will be there when you need them. they will come to the deposit insurance fund. no losses will be borne by the taxpayers. job losses are coming for those president believes that took advantage of re ....

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MSNBC The Mehdi Hasan Show July 6, 2024

we ll get access to all thei money, starting monday more details in just a moment. then, empty words from mik pence, he wants history to hol donald trump accountable for january 6th, but refuses t testify against the ex president. and then, two gop le committees are on the ropes, but me moments ago, treasury secretar janet yellen released statement along with the federal reserve in the fbi and see on this silicon valley bank saying, quote depositors wante access to all their mone starting monday, march 13th, and no losses associated wit the resolution of silico valley bank will be borne by the tax perry. this means that the taxpayer will have access to all th money starting tomorrow also announced it you are seein future bank was closed, and deposit is there would also be made whole the rapids demise of silicon valley bank, began with th surprise announcemen wednesday. you need to raise over two billion dollars to keep up its balance sheet, within 24 hours depositors ha ....

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