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MSNBC Jose Diaz-Balart Reports July 6, 2024

coast of san diego we ll bring you lat itest. and former president trump heads back to iowa today. and amid the glitz and glam, a look at some of the historic wins during hollywood s biggest night. i cannot believe it s happening to me. this, this is the american dream. we begin this morning with the federal government rushing to prevent a wide scale banking crisis after two of the country s largest banks collapsed over the weekend marking the biggest bank failure since the 2008 financial crisis. today the fdic, the federal reserve, and the trash ri department are taking emergency measures to ensure depositors at silicon bank and signature bank will be able to access their money. this morning president biden insisted u.s. banking system is safe and no losses, he said, will be borne by the taxpayer. over the past few days, americans with deposits in these banks can rest assured they ll be protected and they ll have access to their money as of today. because of ....

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MSNBC Jose Diaz-Balart Reports June 4, 2024 15:04:00

Pledge from the treasury department to use some of the money it reserves to help stast stabilize markets and you ve done what you can to help bank balance sheets stand up to any customer withdrawals the biggest variable now is confidence, jose will americans feel okay about keeping their money in the banks given the government s programs and the government says yes. jake, how are people in california who use silicon valley bank reacting to this failure? it s important to understand how strange a creature silicon valley bank is it serves the startup industry, the venture capital funds that create so much of the opportunity for those companies, and basically those people as of a week ago thought everything was absolutely normal. they were used to doing business with this bank, and to see this fall apart literally over the course, as many people told me, of a single meeting, literally walking into a meeting everything s normal, you walk out and all of your money has been locked up, ha ....

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