La 2008 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

hello, i'm briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration's drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some h...

Everyone involved in the financial regulatory sector in the wake of 2008. i also think the politics are important here. there's a recognition that i think was implicit in what you heard from the president, trying to assure markets, trying to reassure depositors, investors about the stability of the financial system, but also making very clear that taxpayers in view of the administration were not on the hook, that this was not a bailout of the companies, a la 2008, and the executives were gone, the banks were in receivership held by the u.s. government. that is a very different process than wha...

From investor after investor and heard this from alan greenspan, there's concern we are in a fed-induced asset bubble. meaning the federal reserve kept rates so low for so long, they pumped so much money into the system, stuart, that valuations just kept getting higher and higher and higher. so you had the market running up, simultaneously the economy was basically doing nothing. so you have 2% growth and a market that is on fire. somehow the two don't add up. >> is this a perfect storm in problems with the fed pumping out the money, keeping interest rates low for a long time. china on the bri...

And senator. he runs a firm called mf global and they're in a heap of trouble with a lot of exposure to european sovereign debt and they're looking to sell pieces of that business and that's one of the situations that seemed so dire that seem to go into the weekend, a la 2008 and what happens with this company is still a big question. a lot of people will be watching jon corzine and mf global. andrew ross sorkin. thank you, sir. "the daily rundown" will be back in 30 seconds.