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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

Treasury Secretary Janet Yellen tells Congress if banks are safe and sound and the economy is doing well.

But can anyone really believe that given recent bank failures and the latest emergency rescue of First Republic Bank?

Also, French Drug Giant Sennope says it will cut the price of some of its insulin products in the US by as much as 78%.

The latest farmer player to bow to political pressure.

What's the real story on insulin prices?

Welcome to Potomac Watch. I'm Kim Strassel, and I'm joined today by colleagues who are going to give you sterling answers to those questions.

Alicia Finley and Kate Batchelder O'Dell.

Let's start with the landscape as we're out there in bank world.

And Thursday's news that a consortium of some of America's biggest banks dumped 30 billion into First Republic.

In an effort to shore up that San Francisco bank.

This comes obviously after the failures of Silicon Valley Bank and Signature Bank.

But notably, Alicia, it also comes after First Republic tapped an emergency lending facility at the Fed and tapped a 70 billion liquidity lifeline from JP Morgan over the weekend.

And it still wasn't enough.

Can you tell us, Alicia, a little bit more about the specific issues that are facing First Republic?

How are they the same or different from what we saw at those other two banks?

And is this going to stabilize the entity? Or are we going to see this to continue rippling through to other banks?

What's interesting is that First Republic has some of the same problems as the other banks when you saw its signature and Silicon Valley Bank, but also Silicon Gave, which is known to be more of a crypto concentrated bank.

But some of the issues that faces are different.

...