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race for the white house coming in. >> bottom line. >> business as usual. >> all transactions are fully functional. thank you all. >> sandra: we begin with president biden today scrambling to restore confidence in america's banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. >> john: it seems like every week there is something new. i'm john roberts in washington. this is "america reports." the ...

All of a sudden they are losing money on the bonds. they are in a really rough spot. this is a joe biden created scenario. and federal reserve, absolutely. do not take responsibility for yourself or bad fiscal policy, and then the fed with monetary policy. and you will not fix this until -- >> my point is these rich tech burros and companies did not need to be made whole to be made whole to protect all of these community banks. and separately, the federal reserve put in a facility for a year that any bank in the country can take their underwater treasury securities to the federal reserve and g...

And other big venture capitalist. one of the individuals who caused this bank run. these rich people who were customers of silicon valley bank could have stepped up with the $2 billion in capital that this bank needed last week. so they were calling for all the said needs to step in and bail out this bank on twitter. all weekend. did we not learned from covid that you need to step back and think about the panic that people paddle and what the motives really are. these depositors, again, they would have gotten $0.95 on the dollar back. they just had to wait for the money, and they were not will...