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making, but silicon valley's implosion is the biggest such failure since the collapse of our entire financial system 15 is years ago.o down next, and we've got you covered in los angeles with kelly o'grady on how all of this happened, at the white house with lucas tomlinson on what they hop next, in washington with former fdic chair sheila bair on why this won't be another financial meltdown, she hopes. and in florida with home depot cofounder bernie marcus who says that doesn't mean this still won't be a big confidence meltdown no matter what happens next. all that and nikki haley o...

expected to defend the banking system after his government scrambled to prepare emergency measures to bail out silicon valley bank customers. here comes the president coming up to the podium. >> president biden: before i leave for california, i want to briefly speak about what is happening in silicon valley bank and signature bank. today thanks fought quick action of my administration america will have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit accounts at these banks can breathe easier ...

world. the president trying to reassure americans that their deposits are safe while making sure to blame republicans. >> thanks for the quick action of my administration over the past few days americans can have confidence the banking system is safe. when no losses will be borne by the taxpayers. during the obama-biden administration we put in place top requirements on banks. unfortunately the last administration rolled back these requirements. >> what do you know about why this happened and can you assure americans there won't be a ripple effect? >> should all depositors be product...

[national anthem] ♪ [national anthem] ♪ ♪ pete: they continue to roll in, our nation's anthem. beautifully tone do. cone. we had an iwo jima salute -- rachel: and two lassies. [laughter] better president welcome to "fox & friends" at this 6 a.m. hour. we've got joey jones in for wil. joey: yeah, i guess all that saddle soreness for will this morning concern the. [laughter] i didn't know you guys were going to roll a band out and everything, the welcome wagon is here. rachel: house fire's here just for you. that's the band we're having for faith and friends. pete: faith and frie...

♪ i will be put my trust in you alone. ♪ and i will not be shaken. ♪ holy, there is no one like you. ♪ there is none beside you. ♪ oh, lock my eyes in wonder. ♪ show me who you are. ♪ fill me with your heart. ♪ and lead me in your love. ♪ to those around me. ♪ yeah. >> beautifully done. that is house fires performing build my life as part of the faith and friends concert series we have in this easter season. beautifully done, amazing to have a front row seat to watch that. rachel: amazing. imagine what a better world we would have if everybody would let jesus fill...