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lawsuit over abortio medication the judge s ruling could com at anytime, and th consequences it could have across the country following concerns over silicon s downfall spreading t europe are there still risks for othe banks? and will congress do anythin about it as the 11th hour gets underway on this wednesday night. good evening once again, i stephanie ruhle. we may be one step closer to a first ever indictment of a former president in a criminal case the manhattan district attorney s investigation int the stormy daniels hush mone case appears to be entering it final stages this afternoon, former trump loyalist michael cohen finishe his second day of testifying before a grand jur investigating the case do i think that it is wrapping up? it appears to be so. i am probably the last witness that they need i did not receive an additional subpoenas o documents requesting me to com back so, yeah, i am pretty saf to say that i m done cohen testified for about two ho ....
Illegal. so there are obviously not trying to maximize the effec on the people who live in that community. it seems they wanted to have someone who would be sympathetic to their position. and i think that that is going to be a question that is going to work its way up all the way to the supreme court whether this is right for on judge sitting in amarillo, texas, to make a decision that affects all of us. and you know, stephanie, wha is interesting is i don t thin it s entirely predictable ho that is going to turn out in the end. because the two critics on the the people who have said thi is not a good way to make high stakes decisions with lo information and just a score such as justice thomas oh really so they might say, this is too broad. the power that he has gutted here assuming that he does in fac give the plaintiffs what the want so let s say he does. let s say he revokes this 22 year fda approved drug ....
Chaos in terms of access because that number that you reported earlier about half of abortions in the country happening this way, through th use of pills rather than surgically that was true befor dobbs. and i have to think it is only more and more so because w know there are places wher abortion is a band this is one way that women are able to help themselves. here s what i really don t, get when the supreme court overturned roe v. wade, justic alito s majority opinion sai that the issue should go to th states then how come if this one judg in amarillo, texas, makes decision, it could impact al 50 of us exactly and that is why this decisio is bigger than dobbs because it can affect all of us and he said that, and the othe thing that they said, that the court said, that this is reall going to neutralize things and sort of lower the temperatur of all the litigation going on around the country and i think we can save it als ....
And once you did the work out, you are going to get 60 or 8 cents back on the dollar eithe way. two things would have happened one, people would have started to pull their money if you onl would have done advance th positive taken into jpmorgan you would ve seen othe regional banks fail. then there are countries lik ripley, which had 40,000 peopl on their payrolls. look, some of the companies, the vcs would have figured, ou they would ve done bridg loans. 2% of the companies and all th layoffs. i mean, do we really want this so, i just think they did no have many good choices there do you think we are going t look back on this and say, thi may have been the first bank run that was fueled or supercharged by digital bankin because now all you need to do a swipe and pull your money or, more importantly, social media, when you had a number o influential people who could have contacted any bank, any ceo, any congress person, an instead use the power of socia media to shot shout fi ....
If i m the fdic, i m going t look at every other regional bank and every other specialty bank and i m going to see what is happening on their balanc sheet. and we are going to find som wrought there. because of the rate raises tha happen so fast, management teams make mistakes, as yo talked about and there is no way this is nice - incident , so you are going to see some pain now depositors are going to be covered so you are not going t have panic what you are going to see that s - why i want to remind ou audience of that depositors - this is not saying that ther is not going to be more bankin fails or a crisis. but depositors in this country are going to be protected. that was always the case up to $250,000 and the president has assure us beyond that congressman, i ve seen you ove the last week, it was saying i was important to create this backstop for silicon valle valley bank. they did a special thing this, bank they were the one thing that really supported start-ups why do we ....