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FOXNEWS FOX Friends First July 6, 2024

time, they are going to ensure all deposits, even those over $250,000 limit. investors will have insulation of the federal government, that is problematic. todd: alexandria hoff will break it down. regulators have waved the limit for depositors and know did the same for signature bank, which was shut down over the weekend. silicon bank, many assets were uninsured, it will prevent a run on banks and companies that bank with svb can make payroll. pinterest and zip recruiter, just to name a few. fdic reads, depositors will have access to their money starting monday, march 13th. no losses will be born by the taxpayer. the president is preparing additional comment. what about the banking crisis? president biden: tomorrow morning talk to you tomorrow morning. the president is set to deliver remarks at 8 a.m. eastern time. a bank bailout was never on the table, said janet yellen. there were investors and owners of systemic large banks that were bailed out and we ....

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FOXNEWS Hannity July 6, 2024

later more shocking video from the breakdown of law and order in america s major cities, it s happening everywhere, every place, every day. take a look. sean: as mr. rogers used to say just a regular day in the neighborhood. not really. this has to end. you re not going to believe how bad these far left hell holes have become. it is getting worse every day and we ll have more in a moment but first for many today represents one of the worst days of the year. it is the official deadline today, because the 15th fell on a weekend, to file your taxes. this year, you, the american people, you have already forked over more money to the federal government than ever before in history. now, even if you reside in a deep blue city and a deep blue state, the vast majority of your tax dollars being sent to the washington sewer and swamp, the average american household is now forking over almost $37,000 a year to the feds. wow. so what is the swamp doing for all of that hard earned ....

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FOXNEWS Americas Newsroom July 6, 2024

expected to defend the banking system after his government scrambled to prepare emergency measures to bail out silicon valley bank customers. here comes the president coming up to the podium. president biden: before i leave for california, i want to briefly speak about what is happening in silicon valley bank and signature bank. today thanks fought quick action of my administration america will have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit accounts at these banks can breathe easier knowing they can pay their worker and pay their bills. hard working employees can breathe easier as well. last week when we learned of the problems of the banks and the impact they could have on jobs, some small businesses and banking systems overall, i instructed my team to act quickly to protect these interests. they have done that. they have done that. on friday, the government regulator i ....

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FOXNEWS The Faulkner Focus July 6, 2024

-what happened friday when silicon valley bank fell. svb, a top choice for tech start-ups, with more than $2 hundred billion in assets at the time. that makes it the second largest bank failure in american history behind the washington mutual meltdown in 2008. we had a great recession then. the president now keeps saying we re not headed for a recession. a host of companies affected include household names like etsy and fit bit. all deposits at the failed bank will be available today. investors knew the risk and should not be protected. yes, the fdic is up to $250,000. if you invested in the banking institutions you just lost your cash. when biden was vice president, taxpayers were on the hook for bank bail-outs. they used our cash to bail out the big guys. the administration may be looking to avoid backlash for doing that this time. president biden: customers can rest assured that he will be protected and accessed to their money. no losses will be borne by the taxpa ....

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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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