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Transcripts For FOXNEWS Fox News Live 20240706

responsible completely. welcome to fox fox news live, i m eric shawn. hey, arthel. arthel: hello, everyone, i m arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here s secretary yellen earlier today. what i do want to do is emphasize that the american banking system is really safe and well capitalized. it s resilient. during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we re not going to do that again. eric: well, is this going to cause a meltdown the on wall street and elsewhere? nate foy is here following other breaking news. reporter: in her remarks this morning, secretary yellen kid the not say how regulators plan to help depositors, only that they will. and she assured that the ....

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Transcripts for FOXNEWS Fox News Live 20240604 16:03:00

Venture capitalist david saks wieting in part, quote: announce that all deposits are safe, end the crisis. svb actually has plenty of assets to pay off goes depositors, the cost will be far greater if they underreact. house speaker kevin mccarthy said on sunday morning futures today he expects another announcement from secretary yellen soon. they are working to try to come forward with some announcement before the markets open, and i m hopeful that something can be announced today. this bank is a unique bank where they do have assets. they have an amazing clientele. it s something that could be very possible for someone to purchase this bank. reporter: former fdic chair sheila bair said this morning finding a buyer would be the best outcome here, but so far one has not emerged. back to you, eric. eric: nate, thanks so much. arthel: for more on this, let s ....

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