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CNN Erin Burnett OutFront July 6, 2024

suze orman is out front with answers. just in, the moment a ukrainian soldier takes down a russian jet as we re learning new details about russia training elementary schoolchildren to fight. georgia has another reporting of trump pressuring another official to overturn the election and it comes as trump s former fixer michael cohen testifies before a grand jury in new york. trump s attorney is my guest tonight. let s go out front. good evening. i m erin burnett. out front tonight, fear going global. worry of banking collapses spreading beyond the united states with mega bank credit suisse shares plummeting and a quarter of the value gone in a day and saying it s ready to bail out credit suisse with more funds in necessary and that fear ricochetting back to wall street and the dow down 700 points at one point closed down 300. shares of banks taking another brutal blow. take the regional bank first republic, it lost 20% of its value today. it is a widely respected bank ....

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CNN Erin Burnett OutFront June 4, 2024 23:07:00

So i can t speak to every bank individually, but the system itself is in quite good shape. i think the measures that were put in place on sunday evening i think were big, bold measures. they re not permanent. i don t think laws would allow them to be permanent and i think they give the government flexibility to step in and provide that liquidity into the system to make sure that each and every depositor that wants to take their money out or move their money has access to their money and the ability to do that. that s something that under the structure won t be permanent, but we don t need permanence. we just need enough time for those monies to get to where they want to get and to get the system to normalize without crisis pressures to be able to move forward. and do you expect, bottom line, mike, and i know you don t know and sometimes you can look at the ratios and the numbers, right? and then psychology wins. is it possible that we have more bank failures in coming ....

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