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The Bret Baier Podcast

Common Ground: Holding Big Banks Accountable

The Bret Baier Podcast

FOX News Podcasts

News, Politics, News Commentary

3.6681 Ratings

🗓️ 16 March 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

On this episode, Bret is joined by Senator Ben Cardin (D-MD) and Senator Todd Young (R-IN) to discuss the recent turmoil in the banking industry, and what the government's response will be to the crisis. The Senators share the importance of government regulation that protects investors and holds banks accountable. Later, they talk about their proposed Neighborhood Homes Investment Act, which seeks to increase investment in distressed residential areas. Follow Bret on Twitter: @BretBaier Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:27.9

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0:34.5

Box News Podcasts presents the Brett Bear Podcasts.

0:40.3

Common Ground.

0:41.3

There are a number of senators on the Republican side that continue to want to find common ground.

0:46.3

We emphasize the conflict and controversy sells.

0:49.3

And I think it's a problem because most Americans look at Washington and see something that's broken.

0:53.3

Why don't we look for ways that we celebrate what this country is capable of doing?

0:57.8

It's amazing what you can do when you get off social media and you start talking, communicating with one another, because there is common ground.

1:04.6

With Fox News Chief Political Anchor, Brett Bear.

1:09.2

It is time for this week's Common ground segment. Joining us tonight, Maryland

1:13.6

Democratic Senator Ben Cardin and Indiana Republican Senator Todd Young. Thank you both for being here.

1:19.6

I wanted to start with obviously the news of the day and the concern about the banks, the Silicon Valley Bank, the signature bank, and where this goes

1:28.6

from here. Senator Cardin, first to you, what do you say to people who look at this and say,

1:33.3

maybe the government is backing up all of these deposits, and it's a little risky to do it that way.

1:40.8

How do you see that? Well, Brett, first of all, it's good to be with you and it's good to be with Senator Young.

1:46.0

I think our major concern is to make sure that taxpayers are protected and our understanding is that

1:51.0

this will be at no taxpayer cost. Any cost will be borne by the banking community.

1:56.0

It gives confidence for the depositors that protects the companies to make sure that they can make payroll, so it protects workers and the ability to make those payrolls.

2:05.6

So we'll be watching it closely. Ultimately, if the bank cannot make it, it's going to have to be sold, and we're going to be watching it carefully to make sure there's no taxpayer exposure.

2:14.6

Yeah, Senator Young, I guess there's just this feeling, like, you know, maybe they made some bad

...

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