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of the collapse of silicon valley bank. treasury secretary janet yellin said she has been speaking with financial regulators the treasury department is also been hearing from depositors themselves bid for president biden gavin newsom about efforts regarding this california-based bank. but earlier today, one thing janet yellin did completely rule out is there be any large-scale bailout for this bank and the weight that was seen back in the 2008 financial crisis. let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we are certainly not looking. the reforms that have been put in place means that we are not going to do that again. but we are concerned about depositors and are focused on trying to meet their needs. the fate of those depositors on the money that has been held at this bank is really one of the looming questions regarding this whole situation. the fdic only ensures up to $250,000, le ....
Also how can we prevent this a massive freak out over what s happening here? we know when there s more insurgency the market gets rattled, people get rattled they want to start their money out of different banks. that is what a lot of congressman s avoid right now for a quick someone to settle things down right now. all right elated thank you very much. for more on the bank a collapse impact on small business, lindsey joins us now. she is a cofounder and ceo of strong suits. a columbus, ohio based company appearing personal assistance. lindsey, you ve been clarifying your team is not big tech. you have 15 employees noah listen silicon valley. you re not tech gross, but you did you silicon valley bank. tell us about what you re going through now. absolutely. but this point and frankly we are one of the lucky ones. ....