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additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know >> we do have the statemen straight from -- we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the d...

mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the ban...

During covid all that influx into tech, start-up - this is the preeminent bank in the tech space and the start-u world. he had so many deposits, the said, what are we gonna do wit it they made a bad decision o investing in treasuries and -- so interest rates go up, all those are worth a whole lo less, the bank had a hold, and they did a very poor job communicating last week. they said we're gonna raise bunch, money and in doing so they spooked america and the enormous amount of those depositors pulled their money. they got shut down my question tonight, it' really good, and it's positive for a...

Investing in treasuries and -- so interest rates go up, all those are worth a whole lo less, the bank had a hold, and they did a very poor job communicating last week. they said we're gonna raise bunch, money and in doing so they spooked america and the enormous amount of those depositors pulled their money. they got shut down my question tonight, it' really good, and it's positive for all those depositors, thos individuals, the small businesses - that can be able to get thei money. that's what the government decided. beyond just what the fbi - up to 250 grand. my question is, what's gonna hap...