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CNN Inside Politics With John King July 6, 2024

hello and welcome to inside politics. i m john king in washington. thank you for sharing your very busy news day with us. call it a biden racy can you. the federal government swoops in to pay back depositors after a bank goes under. he promises 2023 will not look like 2008. the bottom line is this. americans can rest assured our banking system is safe, our deposits are safe. plus mike pence says president trump was reckless on january 6th. a big question now, whether pence repeats it when he s with gop voters in iowa, new hampshire and beyond. and president biden green lights a giant oil project in alaska. progressives are mad again. the drilling project suggests an early move to the middle with an eye on 2024. up first for us, though, a pair of bank failures and a white house emergency plan the president says will protect the economy but not at your expense. president biden speaking this morning before u.s. financial markets opened for trading and before most b ....

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CNN Inside Politics With John King June 4, 2024 16:07:00

Overextended themselves. they were doing some creative things that i don t think were well policed in the system. what we have now is a lot more visibility in what banks are doing. the fed pays more attention to this stuff. the banks are regularly stress tested. i think the similarity, though, is that we watched a lot of sort of known risks grow in plain sight. this bank in particular wasn t part of the regular stress testing cycle. some of these midsize banks that we looked at as not problematic are turning out to be pretty problematic, pretty systemwide threats as they crash down. phil mentioned perception and reality because perception can cause behavior, especially among big stinvestors or banks or ceo invested in banks. silicon valley bank, a lot of startups out in california. a lot of tech companies, a lot of new companies, internet companies and the like. this is the ceo of one of them, camp, which is a toy company ....

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