that is what i am here fighting for. >> senator elizabeth warren. teaches us class better than you do. thank you very much for joining us tonight. please come back whenever you can during the campaign. >> i, will thank you. >> thank you senator. coming up. today's mass murder was in a private christian elementary school in nashville. six people were murdered including three nine-year-old children. david hogg who survived a mass murder at his high school mark from florida five years ago will join us next. serious allergic reactions and an increased risk of infections or a lower ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to. ♪♪ ♪ it's my moment so i just gotta say ♪ ♪ nothing is everything ♪ talk to your dermatologist about skyrizi. learn how abbvie could help you save. when you stay at a vrbo you always get the whole home not part of it but the whole upstairs the whole downstairs the whole fridge and the whole secret nap room because is it really a vacation home if you have to share a

senator elizabeth warren at the time called b.s. on this whole thing, and she did it right here on msnbc with our friend chris hayes. watch this it turns out elizabeth warren was exactly right when she sounded this alarm in 2018 >> senator elizabeth warren took to the floor today to express outrage over a bill republicans are soon expected to pass with the help of some senate democrats. the bill would rollout many of the wall street reforms passed a decade ago following the financial crisis, and senator elizabeth warren joins me now. why is -- how does this get 67 votes? you haven't actually voted on it so far, but -- >> i'm sorry, let me just stop you right there. how does this get any votes, any votes? we are now -- next week will be the tenth year anniversary of when layman brothers crashed and signaled to the entire world that the collapse of 2008 had started. and how it could be that after we got some dodd/frank protections in place, after we got ten years nearly of trying to rebuild, after the banks are more profitable than th

elizabeth warren, senate. i am sorry for the trip.ought me back and let me correct the record here. i want to make sure no one is confused. >> now you know what that massachusetts valid is going to look like. senator elizabeth warren, thank you very much for joining us again. i truly appreciate it. thank you. we will be right back. ♪ everyone's gonna need more tide. it's a mess out there. that's why there's 85% more tide in every power pod. see? ah. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. for people living with h-i-v, keep being you. and ask your doctor about biktarvy. biktarvy is a complete, one-pill, once-a-day treatment used for h-i-v in certain adults. it's not a cure, but with one small pill, biktarvy fights h-i-v to help you get to and stay undetectable. that's when the amount of virus is so low it cannot be measured by a lab test. research shows people who take

senator elizabeth warren, at the time, called bs on the sol thing. e did it right here on msnbc, but our friend chri hayes. watch this it turns out elizabeth warre was exactly right when she sounded this alarm in 2018 >> senator elizabeth warre took the floor today to expres outrage over ability republicans are soon expecte to pass, with the help of some senate democrats the bill it will back many the wall street reforms passed a decade ago, follow the financial crisis and senator elizabeth warren joins me now why -- how does this get 67 votes i know you haven't actuall voted on it so far [laughter] but -- >> i'm sorry, let me just stop you right there. 60 - seven how does this get an votes, any votes we are now, next week will b the tenth year anniversary o when lehman brothers crashed and signaled to the entire world that the collapse of 200 had started. and how it could be that after we got some dodd-frank protections in place, after we got ten years, nearly, o trying to rebuild, after the banks are more profitable than they've ever been in history

it turns out that elizabeth warren was exactly right when she sounded the alarm. >> senator elizabeth warren took the port city to express outrage that republicans are soon to expect to pass with the help of some democrats. it will rollback many of the wall street is passed a decade ago on the financial crisis and elizabeth warren joins me now. how does this get 67 votes? you haven't voted on it so har , but --. >> i'm sorry, but let me stop it right there. how does this get any votes? we are now -- next week, we will be the 10th year anniversary of when the brothers crashed and signaled to the entire world that the collapse of 2008 had started. how it could be that after we got some dodd frank in place and 10 years nearly of trying to rebuild and after the banks are more profitable than that they have ever been in history, how could it be that this congress is, let's make it easier for big banks to treat american families and make it easier for them to load up on risks. let's take 25 of the 40 largest banks in america and banks that sucked down $50 billion in bailout money and nobody

i would like someone to quote elizabeth warren without sourcing her.would think it was a trump issue. we knew about educational freedom before. the pandemic. but after the lockdowns we have a hunger and need for the kind of policies elizabeth warren was espousing 20 years ago. steve: we'll see you later in the show.in tlots of 2024 action to get yor opinions on.in h historic appointments left and right -- okay just left. biden did it again last week by announcing he would be appointing with new labor secretary. >> the president announced a new nominee for u.s. labor secretary. that would be julie su. n your reaction to that announcement? >> i don't know julie personalls but from everything i have heard shmpete is a competent individul and would make an excellent secretary of labor. steve: in california we knowia w julie su because she ran the equivalent of our labor department.ev let's aderd facts to everythinge has heard. during the pandemic when californians were band from going to work and couldn't pay their rent. 5 million had their benefits delaye

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senator elizabeth warren gets tonight's last word, and that word is senate. not president, she's running for senate. the 11th hour with stephanie ruhle starts now.

maria: i'm wondering if elizabeth warren is running for president again.banking sector. she wanted rules rolled back, now she wants rules back in place and now she's talking about bitcoin. >> the problem with elizabeth warren running for president from my perspective is the things she's trying to -- spends the bulk of her time on, finance, is something she doesn't ayou peer to really understand. so i think her candidacy falls apart against someone who actually does understand finance. maria: what is your take at this point in terps of this banking crisis? markets this morning now are higher and the federal reserve is now expected, 60% expect a 25 basis point hike on wednesday. your thoughts on where we are in all of this? >> well, again, i had a front row seat for this in 2

we go to boston and democratic senator elizabeth warren.d morning to you, senator. >> good morning. >> we saw this multibillion dollar attempt by the biggest banks to shore up one of the regional banks, first republic, and even that hasn't stopped the anxiety in the banking sector right now. do you think that in order to stop the bleeding, one of those big banks too big to fail, needs to be able to buy up that smaller bank? >> so i think that right now, what we're trying to do is figure out the different ways to shore up these banks. >> do you need to allow for a merger and is there any other white knight who could come in to save one of these regional banks? like first republic? >> look, right now, the one who is saving all of these banks is the federal government. >> first republic is not a failed back. >> i understand that. the point is, right now, the treasury department, the fed, all of the government regulators, fdic, are trying to fire on all cylinders to try to figure out what they can do to prop up these banks. the point i was tryi

what about elizabeth warren? oh, elizabeth warren. so little bit warren comes for a place that's near during my heart, which is bankruptcy law. that's what she was. she was a professor bankruptcy lot, harvard before becoming a sen. well, but she didn't focus when practicing bankruptcy law, i focused on the bankruptcy of corporations of business. she, her focus was personal. bankruptcy which is i'd say, you know, although very sympathetic. ah, sometimes this is the more when it comes to the, the importance of bankruptcy law. but since she's been a senator, she has been a, by her own admission. a champion of i'd say, you know, lower and middle class. she thinks that all institutions, financial and otherwise are out to rob. so is those, those individuals in some way whether rob them financially or robbed and opportunity in life or rob them, you know, of paying more taxes than then you know, wealthier or more successful people. ready and this has been our position as a matter of fact to go back to earlier question that we discussed regard

and with elizabeth warren those going down in the last three years by negative 11 percent.re is no reason 60 years after standing here to disallow and preventing kids of color we have biggest all of this country preventing kids of all backgrounds allowing the money to follow them i would love for somebody to testify before the senate and quote elizabeth warren without sourcing her that should not be part of it. and knowing about educational freedom before the freedom. and that was espousing 20 years ago. >> we will see later on in the show a lot of 2020 for action to get your analysis. we live in historic times were this is making historic appointments. and that he would be nominating julie hsu to replace the us labor secretary you can see why. and then just to seem how historic really is. announcing a nominee to that announcement? >> i don't know her personally but she is a very competent individual and an excellent secretary of labor. >> in california we do know her because she ran the equivalent of our labor department and just because we always love to help bernie out w

amy: and senator elizabeth warren proved to be right. i want to go to david sirota.of the pieces in lever news, the bank's president personally pressed congress to reduce scrutiny of its financial institution citing the low risk profile of our activities and business model. can you take it from there? tell us who is the ceo of svb and also talk about barney frank. >> sure. greg becker, the silicon valley bank president, cemented testimony when congress was looking at whether to weaken the then current dodd-frank law. what he was particularly pushing for was to raise the thresholds by which banks were subject to stricter scrutiny. there was a $50 billion threshold if a bank was bigger, had more assets and $50 billion from a faced higher capital requirements and work granular and more stringent stress tests to make sure the bank would not fail. ultimate, greg becker -- and he was not alone -- he and the banking industry got their way, raising that threshold for silicon valley bank and other similarly sized banks. greg becker, as one example, just to use him as an examp

there were other folks including elizabeth warren, wh pushed against this.ere able to get no just republicans, but i thin almost 50 democrats between th house and the senate to sign o to this. so, i do think repealing the law is a good start, but i don't think it's enough. i think there are real questions about how we think about stopping runs on banks i a digital world. we sort of have analog banking law for a digital economy. and i think we saw that this sort of closed the bank on a friday, we open it on a monday which is sort of a ver traditional model, simply does not work where people have online banking, and they can work over the weekend, and removes money, and organiz kind of continual withdrawal throughout the weekend so, i think at the federal reserve and the fdic need to think about how we're gonn modernize to deal with the sor of digital bank run, which i really what we had here today. >> i'm glad you brought that up, because obviously, the fear is spreading. and you saw that over th weekend with first republi stop dropping so significantly more

earlier this morning, senator elizabeth warren, an outspoking person with regard to critiquing banks, talked how she views bank regulations going forward this is what she had to say. >> banking is about steady profits, to be able to make profits. but when banks load up on risk, they put depositors at risk, they put small businesses at risk and ultimately, as we have learned with these multibillion dollar risks, they put our whole economy at risk. so we have to make a change there. >> got to make a change there, she says ethan, is the banking system and the way it stands right now a risk to the small businesses of this country and the economy of this country >> yeah, i don't want to get into a fight with elizabeth warren here, since i do work at a bank after all you know, the banking system is fundamentally in pretty good health you've got very high capital ratios you've had a lot of stress testing going on at the big banks. you know, what got the california bank in trouble, sil silicons valley, they had too many bonds in the portfolio. so generally speaking, the banking system is in g

maria: it's more than that, remember elizabeth warren ran for president herself.the candidates who were up on the stage during primary season who wanted the job and are looking at kamala harris, she got the vp place, amy klobuchar would've liked and elizabeth warren would've liked it, then they see kamala harris and what she had she encompass? >> on never stopping surprised at how fragile some of the mainline politicians are and how easily their feelings get hurt. which is insane if you think about it. but looking adam kinzinger trumpeted and make them ahead of the air force like he thought he deserved and he went off the deep and pre-never seem to get surprised. maria: maybe you should've been more honest during the russia collusion lie, that was his problem, adam kinzinger followed by the generally sick situation. we will talk about that later. a quick break and then chief financial strategist is here, he is breaking down whether or not the banking system is safe like president biden says. that is next. ♪ we got this. we got this. we got this. we got this. yay!

elizabeth warren does not misspeak.mike does not think, has is that god's gift of the vice presidency, she knows what she's doing and, harris knows what she is doing. something about the caucus of female democrats from the senate, they have the thing together and i think it is important to hold that up and to have the support, but i like that she showed that she wasn't going to be pushed around. >> jessica: are not returning her call? >> greg: that is a low bar for achievement. >> jessica: it is the lead story. everybody is talking about it. >> jesse: a harder comment would have been i'm really into you and she is not. >> jessica: different kind of indian. >> jesse: doesn't matter. >> greg: let jesse have his clever moment. that was good. emily, if you summarize what jessica said, it would be that kamala has not expressed any value beyond her identity. is that we were trying to say? >> jessica: it absolutely isn't but i'm great to let it slide. >> greg: he hasn't been able to get on beyond why she has chosen. >> emily:

today' new york times entitled silico valley bank is gone, we know who is responsible, senato elizabeth warrenwho to blame saying, quote, these ban failures were entirely avoidable if congress and th fed had done their jobs an kept strong banking regulation in place since 2018. senator warren expanded on tha point in a must-see intervie with rachel maddow tonight here is senator warren, on the senate floor, in 2018. arguing against the bank deregulation bill that donal trump happily signed into law. >> washington is about to make it easier for the banks to run a risk, to make it easier to put our constituents at risk to make it easier to put american families and danger just so that the ceos of these banks can get a new corporat jet and add another new floo to their shiny corporate headquarters that >> michael hill, sick business columnist at the lo angeles times has been coverin the story brilliantly. he writes, the government ha turned out to be the savior of silicon valley small governmen libertarians joining us now is michael that held, sick pulitze prize-winning business journalist for th

seems as though the regulators didn't do their job >> joining me now is democraticr senator elizabeth warrenmassachusetts. she's a member of the senate banking community and has, frankly, been warning about something like this happening after the 2008 decision on mid-sized banks. senator warren, welcome back to "meet the press. >> thank you good to be here. >> let me just start with a big-picture question last week you seemed to believe we were out of the woods do you still feel this way this weekend? i saw disturbing news about credit suisse that will essentially be ended we have mid-sized banks that can't find buyers. is the contagion contained or not? >> well, can we just start, though -- let's roll this back just a little bit about what went wrong remember, gary becker and the other ceos of these multibillion-dollar banks came to washington back in 2016 and said lighten the regulations on us donald trump ran for president saying i will lighten the regulations on these big banks he gets put in and he puts in bank regulators who lighten the regulations. he then goes to congress and says to

won the nomination, but he's governed as if he is elizabeth warren or bernie sanders.ts have been disastrous. obviously the strategy isser cloo, not sure it will work, as tammy said, we have memories and we're living with consequences still and i imagine for a while. >> steve: one-word answers, what is his achilles heel topic wise? jason, you are first? >> inflation. inflation and prices at the pump. >> steve: one word. one word. tammy? >> trust. >> guy? >> age. >> steve: there you go. the complete spectrum, jason, guy, tammy, thank you for joining us live. >> thank you. >> steve: 18 before the top of the hour and ashley has economic data. >> ashley: fox news alert, february producer price index report out and shows wholesale inflation down by .1% from january and year-over-year prices for domestic manufacturers are up 4.6%. demand for mortgage on the rise despite volatile interest rates and white hot housing market. total applications up 6.5% week over week and applications to refinance a home went up 5% marking second straight week of increased volume of application.

senator elizabeth warren wants the fed to stop raising rates.e camp for a long time. these extraordinary rate increases that he has taken on, these extreme rate increases are something that he should not be doing. stuart: all right clear cut opinion there. stephen moore might be in the strange situation of agreeing with a socialist senator. stephen is next. ♪ ♪ there are some things that go better... together. hey! like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. for a brighter financial future. thanks. ahh, pretzel and mustard... another great combo. voya. well planned. well invested. well protected. this small thing, is the next big thing in dia this s woah.hing, it shows your glucose, and predicts where it's headed, just like that. it's not magic, it just feels that way. i wanna make you go wow, make you go wow, make you go wow. century lithium is advancing their clayton valley project towards production, with the goal o

. >> elizabeth warren has outsized influence with this caucus there might be a majority of democrats in the united states senate, the house financial services committee is under a chairman patrick mchenry night and day i hope conducting oversight it isn't knee-jerk bad policy you are heeding good advice from your guests this morning. >> most troubling about a annual budget outlook not that bumping up against debt ceiling might have a crisis it is the inflationary implications of 10-year budget, 5 to 6% deficits driven by transfer payments to individuals next decade that driven inflation is what caused the great inflation of 60s and 70s intractable part of inflation today. >> stunts everybody this spending in covid deficit -- the reduction act rapid introoetsdz in interest rates nobody saw this nobody said wait a minute we have all inflation, now rate, increases not going to impact banks. >> here we are on doorstep of the fed meeting the fed two-day meeting kicking off tomorrow, tuesday and wednesday, you said earlier, going to be like back being and filling next couple days until we

>> strange bedfellows, elizabeth warren and catherine cortez mastoh, josh hawley and mike braun. different reasons. stuart: mike braun? >> they want to clawback bank executive compensation so pay and bonus going back 5 years if the bank needs federal rescue. where does the confiscated money go? gic insurance fund which has 20 -- stuart: it is just banks? right? not across the board, and all all executive pay? >> just banks. elizabeth warren will say fat cat ceos, profits are backlit hawley is saying you make bad management decisions so i don't want to be on the hook with the big banks or small banks to pay more in fees to make the fdic insurance fund whole, they have different reasons but the same goal but should silicon valley bank executives give out bonuses hours before the collapse of the bank. stuart: they are limiting executive pay for bankers, not the rest of us. >> sinema warren might think that's a good idea. stuart: senator warren would go after anybody. brian: they are opening the door for that. here's my question. when do we clawback the pay of the lawmakers who passe

3.6% of a stubborn inflation the strong numbers mean interest-rate hikes are sure to follow elizabeth warrenweek had a go at fed chair jerome powell saying the fed is gambling with people's lives. >> we are taken only measures that we have two bring inflation down. >> at 22 million people out of work is just part of the cost, they just have to bear it. >> we actually don't think that we need to see a sharp or enormous increase in unemployment to get inflation under control. >> i'm looking at your projections do you call enough to begin people this year not a sharp increase? we need a fed that will fight for families. if you knock you lead the charge we need someone at the fed that will. gerry: let's see what our panel makes of all of this, christopher bedford obviously good news when the economy is growing and jobs are being created we all want that but we know suggesting the economy hot inflation pushing up wage pressures the fed has said this week it looks very likely it's good to continue the interest-rate increases in public celebrate them and go to a higher level doesn't elizabeth warre

maria: elizabeth warren is blaming roles that were rolled back, interest rates went up. the federal reserve raised this past week and it caused a shock to the banks that could not move fast enough. were expecting to continue on ordinary businesses some of them are rolling over the corporate debt in the good-faith higher interest rates, can they management? i don't know stomach there's no question that the democratic elizabeth warren and joe biden looking like a scapegoat, what they don't want to talk was democratic policies cause inflation in the first place. it was runaway spending, war on energy and the pain people not to work apparatus into an inflationary environment. looking for a scapegoat rather than addressing head on the underlying issue that is the inflation impacting 70 american families. maria: we have another revision the final revision of the gdp coming out in the week ahead. are you expecting a recession? what is your assessment of the economy right now. >> i'm very concerned aware rock, the federal reserve has a blunt force instrument to try to bring infl

head of the house financial services committee, patrick mchenry, and industry critic senator elizabeth warrenrump administration economic adviser gary cohn will be here and we'll talk to kara swisher and scott galloway about the stability of the sector as the head of tiktok prepares to testify before congress. >>> vladimir putin makes a bold trip to occupied ukraine following a tense week between the u.s. and russia, and ahead of a meeting with china's president xi. former trump national security adviser general h.r. mcmaster will join us for analysis. it's all just ahead on "face the nation." oo tion. >>> we had a sse of d y sarday when former president trump hit send on a social media post saying he, quote, will be arrested on tuesday, protest, take our nation back. he's referring to the manhattan case focusing on the alleged hush money payments he made to porn star stormy daniels late in the 2016 campaign. that grand jury is still hearing testimony and will need to vote as to whether or not mr. trump should be indicted. but he's urging support from his followers in advance has caused a pol

that negativity fueled after comments senator elizabeth warren made during an interview with a bostonn in january. when asked whether president biden should run again, warren was enthusiastic in her support. but when asked about whether harris should be part of the ticket, this is what warren had to say. >> i really wanted to defer to what makes biden comfortable on his team. i've never kamala for a long time. i like kamala. i knew her back when she was an attorney general and i was still teaching. and we worked on a housing crisis together. so we go way back. but they need -- they have to be a team and my sense is they are. i don't mean that by suggesting i think there are any problems. >> cnn jasmine wright joining us now. what has happened since that january interview? >> reporter: well, basically immediately after elizabeth warren gave that answer in january, according to sources, she realized she made a mistake. so her office put out a statement to the local boston radio station that she didn't mean to imply other wise and she c called the vice president. she called twice to apol

totally great. >> we'll do some debt ceiling next time. >> you bet i'm ready. >> thank you senator elizabeth warren. >> thank you, senator warren. >> thank you. >>> let's look at the premarket as we wrap up one final opening bell of q1 back in a moment i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >>> a little reaction to our interview with senator wa

you know, when i heard elizabeth warren say that sh wants banking to be boring, thought mission accomplished my entire life, i've considere those two words have alway gone together, banking and boring and of course, until one o them fails and so, here we are. >> listen, you are either person who is excited by the movement, or you are lulle asleep by it i mean, yeah i took a lot of economics in college. and definitely, like, put in m hours in terms of learning it. but i can't say it ever move me or give me feelings that said, on days like this you've got to -- i mean, you need somebody like elizabeth warren, somebody who's like katie porter, who i on our air earlier tonight, to both explain what's going on but you also, i, think point the finger at the people who did wrong here, that got us to trauma like we've had over these past few days. >> yes, and jen psaki is going to join us later in the hour because there's nothing quit -- like while, there are things like, but bank failure is on of the things that ruins white house staff plans for th weekend. and so, she's going to take us inside wha

maria: you mentioned elizabeth warren.ir powell to he recuse himself from the probe into silicon valley bank. watch this. >> it's important the that while we're examining what went wrong that chair powell take a step back and let michael barr, who is the new vice chair, who was not there during all of this, let him conduct an independent investigation. >> you can't do this analysis without putting the fed under the microscope too. did they have regulatory power that they didn't use, the connection between the interest rate increases and the bond devaluations, that's got to be analyzed. maria: so now the focus is on the federal reserve. before you answer that, congressman, steve forbes, weigh in here. what is this new focus for elizabeth warren now? >> the this is just a headline making whether it's powell or somebody else that the february does an examination. the key thing too is what about the role of the fdic? this should have been a slam dunk sale with the assets that bank had and there are rumors around that they had

>>> why elizabeth warren is saying i told you so. >>> and the latest on the dominion suit against fox news >>> there's a deal will there or won't there be a prisoner swap? we're back in 60 seconds al-time money moves with merrill. so no matter what the market's doing, he's ready. and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. when you shop wayfair, your money never stops working for you with merrill, you get big deals for your home - every day. so big, we'll have you saying... am i a big deal? yeah you are, because it's a big deal, when you get a big deal. wayfair deals so big that you might get a big head. because with savings so real... you can get your dream sofa for half the price. wayfair. it's always a big deal. ♪ wayfair, you've got just what i need ♪ (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business

liz, you just wrote about elizabeth warren.t with all a these comments that she's calling on everybody to do something now. >> yeah, she's reprising her most famous role during the financial crisis, the champion of the little he guy. look, what your committee needs to know, congressman, and needs to explore is the fact that the regulators had all the rules and regulations they needed and in fact they knew almost a year ago that svb bank was in trouble, what that they were breaching all kinds of safety guidelines in terms of their exposures and they had this gigantic hole and they could -- they knew by the fall that they might have a run on the bank and they told the ceo that. so the real question is, why didn't anyone do anything? why didn't they step in and say okay, you're fired to the ceo or talk to the board and make sure that something happened? because they knew it. he knew it. and yet nothing happened. and possibly having the ceo of svb on the board of the san francisco fed, the supervisory organization supposed to be ov

we heard that president biden, senator elizabeth warren. arguing that deregulation played a role here. i don't think we were all the facts on that front yet. clearly this episode raises questions about anything that lowers oversight of banks. and now we need to keep an eye on what's happening in financial markets because stock market, it's about unchanged right now. so overall markets are not freaking out. but regional banks, they are falling very sharply today. i think that is a sign of continued nervousness on wall street and in general about what's happening with these banks. >> yeah. a lot of worry that we're seeing. matt, thank you for walking us through that. >>> i want to go to the white house and cnn's phil mattingly. so phil, of course biden was vice president when the obama administration was cleaning up the last financial crisis, the last banking crisis. i wonder how that's informing his approach. >> reporter: i think there's the policy and the political. on the policy side, when you look across what transpierd over the course of