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The Commentary Magazine Podcast

A Matter of Trust

The Commentary Magazine Podcast

Commentary Magazine

News, News Commentary, Politics

4.65.1K Ratings

🗓️ 1 May 2023

⏱️ 55 minutes

🧾️ Download transcript

Summary

Today's podcast tries to find the link between bank failures, tech failures, moral failures on the part of politicians and tech giants, and the growing lack of trust in American society. Also, why the pessimism on Ukraine may be unwarranted. Give a listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the commentary magazine daily podcast today is Monday May 1st, 2023.

0:28.0

I am John Pudhord to the editor of commentary magazine with me is always executive editor

0:32.1

A. Greenwald Hyab.

0:33.1

Hi John.

0:34.1

Media commentary columnist at American Enterprise Institute senior fellow Christine

0:38.9

Rosenhy Christine.

0:40.1

Hi John.

0:42.0

And Christine's AEI colleague and our Washington commentary columnist Matthew Kuntnetti.

0:48.6

Hi Matt.

0:49.6

Hi John.

0:50.6

I just want to read you a sentence from the lead article in the New York Times this morning.

0:58.0

Which is about the federal seizure and sale of first republic bank over the weekend seized

1:05.3

and then sold to JP Morgan Chase.

1:08.6

And here here are the first here's the first paragraph.

1:12.8

Regulators sees control of first republic bank and sold it to JP Morgan Chase on Monday.

1:17.8

A dramatic move aimed at curbing a two month banking crisis that has rattled the financial

1:23.2

system.

1:24.2

And I'm just going to read this to you because if you had been following the focus of the

1:28.6

press over the last two months after the first week or the first week and a half when

1:35.5

Silicon Valley bank fell and signature bank fell.

1:43.2

You would think that there is no banking crisis.

1:46.4

They did it.

...

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