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FOXNEWS FOX and Friends July 6, 2024

insurance for deposits saving grace for deposit fors as of much as $220 billiony uninsured. move to prevent a run on additional banks makes it so the tech company as it banked with svb can make payroll. at least 29y impacted pinterest, zip recruiter just to name a few. separately the same has been done for new york signature bank which was shut down over the weekend. treasury secretary janet yellen says the action does not equal bailing out the banks. during the financial crisis there were investors and owners of stem large banks that were bailed out and we re certainly not looking and the reforms that have been put in place means that we re not going to do that again. but, we are concerned about the depositors and are focused on trying to meet their needs. so, unlike the great financial drivers stock and bond investors will not be protected by the move. and taxpayer money will not be injected. percy square agrees this was not a bailout. he wrote this on twitter, ....

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FOXNEWS Outnumbered July 6, 2024

banking collapse since the 2008 financial disaster. the trouble for silicone valley bank began last wednesday when it sold securities at a major loss. that created panic and the stock stumbled. on friday federal regulators shut down the bank and they closed a second lender new york s signature bank. both failures the last of largest since the great recession. they could have a huge ripple effect on the economy. that s what the president is try to guard again. president biden speaking minutes before the stock market opened defending the stability of our banking system trying to reassure americans our money is safe. thanks to the quick action from my administration america can have confidence that the banking system is safe. all customers will have access to their money. this is an important point. no losses bourne by the taxpayers. let s start there. [laughing]. david, how will they pay for this? this is the fdic. up to 250. yes, a little bit of money that ....

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CNN CNN Tonight July 6, 2024

what to do. next call invent help today they can help you get started with your idea. call now . 807 100020. hi everyone. welcome back to cnn tonight. we re trying something different for this hour. we have some of our very favorite reporters here to share with us the inside scoop on what stories they re working on this week. our first segment deals with the topic of abortion and the battle over the abortion medication. let s bring in our reporter even makin. we also have sarah fisher here. atlanta train and rachel solomon so evil. i ll start with you because this is your story this week. i know that you ve been out on the campaign trail. um talking to voters listening to various politicians. where are we with this? so i think that the challenge for republicans, they ve suffered many losses in this space is that from a messaging standpoint, they are in the same place that they were a year ago without a cogent argument. you have certain republicans calling for more extre ....

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FOXNEWS America Reports July 6, 2024

have been ringing the alarm bell for years. we begin with this fox news alert. john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as america reports rolls onto us again our appeared happy monday, sandra. here we go again. sandra: i m sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley offering their take on all of that as they gear up for their 20202024 run. john: out with a warning about the future of guaranteeing deposits. politically, it s going to be impossible not to extend the same full, unlimited deposit guarantee to all banks. once you do it for one bank, it is hard not to do it for ano another. john: let s get straight to peter doocy, waiting president biden s a ....

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FOXNEWS The Story With Martha MacCallum July 6, 2024

crisis that we ve seen this kind of stunning bank collapse. that s why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. no losses this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. martha: is that accurate? let s bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. now it s up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let s play this janet yellen sound bite. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we re not going to ....

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