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the editorial board. alexandria hoff joins us live. alexandria: u.s. regulators are applauding the deal saying the lifeline given to first republic bank demonstrates the resilience of the american banking system. all of this to pull first republic bank from the spiral met by silicon valley, signature and silver gate. join statement reads action of the largest banks reflect confidence in the banking system, we are deploying strength and liquidity to the largest system where it is needed most. the banks are supporting the economy and those around us. secretary yellen was among the architects of the deal. her testimony game days after emergency action to contain collapse of silicon valley bank. listen. i can reassure the members of the committee that our banking system is sound. americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate resolute commitment to ensure that our financial system remains strong and th ....
Americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate resolute commitment to ensure that our financial system remains strong and that depositors savings remain safe. no taxpayer money is being used or put at risk with this action. alexandria: a financial attorney feels the fdic under president biden is ignoring other stability roots. the irony, they are making the big banks bigger by refusing to do normal things you do in this situation. the most normal thing is you would arrange for a shotgun wedding, a merger of a stronger partner. but hostility of the far extremist left to bank mergers is off the charts. alexandria: off the charts in the continental u.s., where you ....