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The John Batchelor Show

#Detroit: The banking crisis and the predicted recession in the heartland. @ThadMcCotter @theamgreatness

The John Batchelor Show

John Batchelor

Books, Society & Culture, News, Arts

4.52.8K Ratings

🗓️ 27 March 2023

⏱️ 8 minutes

🧾️ Download transcript

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@Batchelorshow

#Detroit: The banking crisis and the predicted recession in the heartland. @ThadMcCotter @theamgreatness

Transcript

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0:00.0

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0:28.0

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0:34.4

This is the Friends Vistua Debating Society.

0:36.4

I'm John Batch, Sertatius McHunter, the recovering politician writing an American greatness,

0:42.4

traveling in America here in the eve of the recession in a recession,

0:47.6

certainly in a worldwide inflation crisis, and now a banking crisis.

0:52.6

The headlines from Europe, the headlines from Washington, the headlines from New York,

0:57.2

all speak to the unknowns and panic, bank runs, anxiety about systemic banks,

1:05.0

but also about banks not too big to fail, and yet when they fail, that is a very good evening to you.

1:11.2

The headline in Bloomberg says it in a kind of poetic way, investors brace for another week of turmoil as mad,

1:19.2

March ends.

1:21.2

I want to start in Michigan.

1:23.2

Is your sense that people are anxious about their deposits, even if they're insured?

1:28.8

Do you see anything like lines outside of banks or talking the media,

1:34.0

that the small banks, the medium banks, the regional banks are unsafe?

1:38.0

Could even do that, yes.

1:39.6

Good evening, good evening to you, John.

...

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