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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 Story With Martha MacCallum June 4, 2024 19:00:00

Automotive world. sacramento, chicago, a handful of the other cities that have reported problems like this again as people get more brazen across the country. john? fast and furious for real. casey stegall, thank you. yeah. john: a rollicking two hours. martha: thanks for joining us. i m sandra smith. john: and i m john roberts. martha: good afternoon. i m martha maccallum in new york. breaking on the story, we re in the final hour of trading on a day that has had a lot of investors on pins and needles. the fear is whether we ll see a contagion effect set in at the second and third largest bank failures in united states is history. this is a huge deal. this is a lot of money and tentacles that reach into a lot of different places. not since 2008 in that financial ....

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