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world. the president trying to reassure americans that their deposits are safe while making sure to blame republicans. thanks for the quick action of my administration over the past few days americans can have confidence the banking system is safe. when no losses will be borne by the taxpayers. during the obama-biden administration we put in place top requirements on banks. unfortunately the last administration rolled back these requirements. what do you know about why this happened and can you assure americans there won t be a ripple effect? should all depositors be productive at all banks? dana: present getting praise from jen psaki. it s important to note president biden does nothing at 9:00 a.m. he is a night owl. the fact that he s doing this at 9:00 a.m. anyway speaks to how vital the white house recognizes it is for have his voice out there. conveying back to the american public. dana: banks facing criticism for being more focused on the green agenda ....
Seriously, three, there s a lot of political appropriating blame to go around. i wish people wouldn t do that. i wish anything that s been passed over the last several years to address this. we stress test banks that are more than 250 billion in size. this bank was 200 billion in size. we passed rules several years ago to help reduce some of the rules the banks like this have to smaller banks, it s too expensive for us to try to comply with all of this. we need to relook at that and see if it s the right way to do it as there s a better balance of production for the depositors and better protection for taxpayers. in the intermediate and long-term we have to think about, what does this mean for banks. if everybody s deposits are insured. if you have over 2,050,000 in the bank, is an individual or business. are we willing, are we prepared to say all of that was going to be protected? ....
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