Power Acting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

rescuing again. i'll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable, and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i'll talk to julian tet of "the financial times." then -- don't mess with the french people's retirement plans. that's the lesson from weeks of strikes and protests and then chaos in parliament as the government pushed through their policy anyway. [ speaking non-english ] >> which brought the outr...

united states and around the world. i'm fareed zakaria coming to you from new york. today on the program, panic in the markets as the banks need rescuing again. i'll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable. and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i'll talk to gillian tett of the financial times. then, don't mess with the french people's retirement plans. that is the lesson from weeks of strikes...

System, which they did in 2008. instead, it left them with the power acting in concert with the fdic and the treasury to -- if they find a systemic emergency, to guarantee the deposits of entity by entity, bank by bank, i think what we heard from the fed, that in this moment, this fragile moment, they are implying that they will regard any event or any run on a bank as systemic and the implication is that they will use that authority that they have but they can't announce that in advance and they can't declare it. but they've come as close as they possibly can to do it. but they don't have the...

Different place for the financial system as a whole. it doesn't mean there won't be esoteric issues as was silicon valley bank. >> and lloyd, when you look at the situations right now and it's a moving situation, but what the government has done right now, can most americans and all depositors feel our money is safe? we don't need to go to the bank to withdraw? >> i think the answer is kind of yes with an ellipses because the government is partly a result of the reforms. you can query whether it was a good reform or a poor reform and took away the power of the fed to just issue a blanket guara...