4.6 • 7.7K Ratings
🗓️ 19 March 2023
⏱️ 76 minutes
🧾️ Download transcript
Discusses the SVB meltdown and the economy writ large
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0:00.0 | Hey, everybody. We have a vexing one today. Catherine Rampel from the Washington Post. |
0:09.7 | She writes a great column on economics. Not vexing because Catherine is vexing. Far from it. |
0:16.1 | She's one of the great columnists on economics. But it's vexing a little bit because we recorded this before, |
0:24.3 | right before the Silicon Valley crash. |
0:27.1 | But Catherine was nice enough to come back and talk about that. |
0:31.4 | You'll hear that at the beginning. |
0:32.8 | And then we're going to go to our conversation about a whole range of economic issues. |
0:39.2 | I think you're going to not be vexed by this one, but enjoy it. |
0:43.6 | Catherine Rampel from The Washington Post. |
0:46.4 | What's the best way into this? |
0:47.7 | Should we talk about what happened yesterday, the big banks putting billions in the help bill level banks or other banks? |
0:55.8 | I mean, what's been interesting is that the federal government took a bunch of extraordinary |
1:02.0 | measures last weekend, in theory, to restore confidence and stop the panic and all of that. |
1:10.3 | And that's happened. It's restored confidence and stopped the panic, all of that. And that's happened. |
1:11.2 | It's restored confidence and stop the panic, right? |
1:13.7 | Well. |
1:14.1 | So we're fine. |
1:15.9 | I mean, the depositors at Silicon Valley Bank and signature bank are totally fine. |
1:21.1 | Well, they're fine now. |
1:22.1 | They're bailed out. |
1:23.1 | Yeah. |
1:23.7 | We don't call the B word. |
... |
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