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The Silicon Valley Bank Run

Start Here

ABC News

News, Daily News, Politics

4.56.4K Ratings

🗓️ 13 March 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

After a bank run that unsettled banks across the country, authorities decide to make sure Silicon Valley Bank customers are repaid. Former Vice President Mike Pence offers his most damning criticism yet of President Trump. And the Biden administration moves to force airlines to let parents sit with children for no extra charge. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Monday, March 13th, and our financial system is safe as money in the bank.

0:04.8

We start here.

0:08.2

After the biggest bank failure in years, the federal government takes over.

0:12.6

When you put your money in the bank, you want to know that it's safe in the bank.

0:16.7

Looks plain what happened and how this could end up affecting you.

0:19.9

For four years, Mike Pence was as loyal as you could get.

0:23.0

Well, his four years are up.

0:24.6

President Trump was wrong.

0:26.0

He said his reckless words endangered by family.

0:28.6

Riges are burning in the GOP before candidates even announce.

0:32.3

And the Biden administration wants to keep families together on planes.

0:35.4

But were they being kept apart in the first place?

0:37.9

The last thing you want to worry about is your seven-year-old child sitting several

0:42.3

rows behind you inside the proposed new legislation this morning targeting junk fees.

0:49.0

From ABC News, this is Start Here.

0:51.5

I'm Brad Milky.

0:56.8

The concept of a bank run always sounds very old-timey to me.

1:02.2

Like, my mind goes back to Mary Poppins when all those men and top hats are rushing to

1:05.9

get their money out before the bank simply runs out of money to give.

1:08.9

There's something down.

1:10.4

The bank will give someone that money.

1:12.2

Well, I'm going to get nine.

...

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