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out the second largest failed bank in u.s. history we're going to have the latest on this developing financial crisis. >> tell you what, it was a crazy weekend. yesterday, the white house working along with people across the financial industry, doing everything they could to stop a meltdown. >> yeah. >> and it looked in the early afternoon like that meltdown was coming they understood that china's markets were going to be opening at 8:00, 9:00 at night, and they had to get things lined up before then so the asian markets didn't collapse, which would cause u.s. markets to collapse thi...

Trump that are harsh, as harsh as anything you would hear on-air from an msnbc primetime host when an msnbc primetime host or "new york times" editorial writer or somebody from the left says the same words that they say in spryprivate to each othe, they say, "oh, they're crazy they're communists they have trump derangement syndrome." not sure how they say that after typing and texting to each other -- >> i hate him. he's despicable. >> they all hate him and know he is lying. >> joe, truth -- as mika said, truth may be in vogue again, but cynicism and hypocrisy still reign. what's interesting a...

Recklessness alongside of that you just wonder, the political pressure -- and maybe this is why the biden administration was dragging their feet a little bit. i say dragging their feet. i mean, they made the decision when they needed to make the decision, but it looked like they were going to drag their feet i had somebody on the inside tell me it might not be until monday or tuesday. i was like, dude, you've got until china's markets open tonight, right >> joe, they didn't drag their feet they had -- i mean, obviously, during the weekend, i am sure they were trying to find a buyer for this ba...

Lot as you try to look into the soul of ron desantis >> absolutely, joe and it shows the distance between the time when ronald reagan made the statement you just quoted and now. in some ways, it is not only cruel, it is monstrous you know, it's this kind of contradiction that has defined, in some ways, the country. there's ellis island, bring me your -- the notion of america as an immigration nation. underneath it has always been this intense nativism, this ugly underbelly of the country. what we see are those who appeal to those uglier angels, right, out in front today they're trying to, in s...

Money out of first republic or this regional bank or that one, and i'll put it with the big guys we also don't want that. we don't want complete concentration, that every american has all of their money, which is one of three large banks. you want to figure out what you can do to support the small and regional banks while, at the same time, joe, you have to make sure there's smart regulation. 2018, we saw part of dodd/frank get rolled back. part of that made sense. if you were a small, regional bank, you were strangled with regulation while the big banks can afford it. it's a balancing act it'...