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additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know >> we do have the statemen straight from -- we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the d...

mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the ban...

you. >> you knock her out >> yes, sir. >> i mean it >> i just posted the tiktok. >> knock her out >> it just blew up >> these allegations need to b looked into. >> how could i do this to my child, thinking i was helping her >> your parents deny everything, and he said it's not true. >> what was going on was wrong something needed to be done. >> hello, welcome to dateline. on the surface, circle of hope school appears to be a refuge, where so-called troubled girls can receive a christia education. some students said, behind closed doors, they suffere abuse. their secrets remained in t...

Consultation with the presiden looked like? can you walk us through th tiktok of how this went down >> so, that language i designed to show that the fdic and the other regulators wer following the law. the financial reform require this kind of consultation in order for the fdic to do wha it just did. the fdic board, which is mad up of the -- currency, the cfpb director, and other fdic board members i addition to the chairman, they had to sign off on it. the treasury secretary had t sign off on it so did the president that's in dot frank. if they hadn't done that, they could be accused of follo...

Receivership of where it was called so, that could happen here because the urgency is gone. we don't need a midnight dea anymore. that means the government isn' gonna offer the same kind of deals that they might have under more pressure. >> i want to redo a line fro this joint statement by th treasury federal reserve and fdic after receiving a recommendation from the boar of the fdic and federal reserve, and consulting with th president, the secretary approved actions enabling th fdic to complete its resolutio -- silicon valley bank. any sense of what that consultation with the presiden looked...