Spiraling Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Situation where the depositors are being made whole because they're only allowed t use that by law if all those people mentioned in that lis that you just read agree tha the situation is systemicall important. that there is a systemic ris being posed here and if they didn't do this that i could really cause spiraling problem in the financial system >> emily, i'm so grateful to you for bringing your expertis and your reporting all this breaking news, than you for being with us. still to come, we're gonna ask a member of the -- treasury department's action to address the collapse of silicon vall...

That i could really cause spiraling problem in the financial system >> emily, i'm so grateful to you for bringing your expertis and your reporting all this breaking news, than you for being with us. still to come, we're gonna ask a member of the -- treasury department's action to address the collapse of silicon valley bank. and then, a texas judge coul make a major change to abortio access nature wide - nationwide new reporting suggests he ma be trying to keep the hearin private. plus - gun control measures i monterey park, california. it's the home town o congressman judy chu we'll ask him ab...

You have this sort of spiraling problem of, you know, with the security problems. if people think it's not a safe place to put their personal information, they're not going to go on which is going to create fewer customers, which fewer customers mean you go into the actuarial death spiral. and in washington when you have, you know, mess-ups of this magnitude, you're going to get a lot of people saying who knew what and when and a lot of bureaucrats saying i didn't see this hem mow, it's not my fault -- memo, and it's not my fault. i think you're going to see in this earnest november 30th if th...