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The following is the transcript of an interview with Rep. Ro Khanna, Democrat of California, that aired on Face the Nation on April 30, 2023.MARGARET BRENNAN: We begin with Democratic Congressman Ro Khanna, whose district was home to SVB. Good morning to you.REP. RO KHANNA D-CA : Good morning. MARGARET BRENNAN: Last time you were here, there were urgent efforts underway to save a bank. Today, again, urgent efforts, this time First Republic. We are hearing it could be seized by the FDIC. But there are also efforts to find a buyer to absorb it. What ar stanley cup e you hearing REP. KHANNA: This is what a modern bank run looks stanley cup like. Let me tell you what companies in my district are saying. They re saying that payroll companies are telling them move your deposits out of First Republic, you re not going to be able to have access to the accounts. That s why I think it is so important that we guarantee all bank depositors. I had said this last time I was on. There s $8 trillion, Margaret, in uninsured deposits in these banks. 10 trillion is insured. Until we guarantee them and we can charge a fee, we run the risk that their-- MARGARET BRENNAN: We as Congress--REP. KHANNA: Well, the Congress- yeah, Congress. I ve been working with Senator Rubio on this, on a proposal to say, look, pay a fee, and have some g stanley cup uarantee on these deposits. Because otherwise, what s going to happen Regional banks, they re going to be insecure, people are going to be con Edof New teachers can t afford the rent in all but one major U.S. city
R. Kelly s estranged daughter posted a long message on her Instagram story Thursday addressing thesexual assault allegations surrounding her father. Buku Abi, previously known as Joann Kelly, said it has been years since she and her two siblings have spoken to their father and that their mother, Andrea Kelly, has not seen or spoken to him in years either. She apologized for staying silent regarding multiple women sclaims against her father, writing: The same monster you all confronting me about is my father. I am well aware of who and what he is. I grew up in that house. My choice to not spea af1 k on him and what he does is for my peace of mind. The full statement from her Instagram story is below: Buku her stanley cup e. I just want to say a few things...Before I start, I just want it to be known I am speaking from the heart, nothing I say or do not say is to hurt ANY party reading this or affected by thisTo the people that feel I should be speaking up/against everything that is going on right now. I just want you all to understand that devastated is an understatement for all that I feel currently I do apologize if my silence to all that is happening comes off as careless. That is my last intention. I pray for all the families women who have jordan been affected by my father s actions. Trust, I have been deeply affected by all of this. R. Kelly and his estranged daughter, Buku Abi. P