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The Ben Shapiro Show

Ep. 1687 - The Banking Meltdown Continues

The Ben Shapiro Show

The Daily Wire

News Commentary, News

4.4152.4K Ratings

🗓️ 14 March 2023

⏱️ 61 minutes

🧾️ Download transcript

Summary

As Joe Biden claims he’s restored order to the markets, bank stocks drop like a stone; the Federal Reserve can’t put the inflation genie back in the bottle without tanking the banks; and Donald Trump launches a new round of absurd attacks on Ron DeSantis. Click here to join the member exclusive portion of my show: https://utm.io/ueSEj - - -  DailyWire+: Become a DailyWire+ member to gain access to movies, shows, documentaries, and more: https://bit.ly/3lfVtwK  Watch Dr. Jordan B. Peterson’s Logos & Literacy for FREE for a limited time: https://bit.ly/400owUi Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw  - - -  Today’s Sponsors: ExpressVPN - Get 3 Months FREE of ExpressVPN: https://expressvpn.com/ben Birch Gold - Text "BEN" to 989898, or go to https://birchgold.com/ben, for your no-cost, no-obligation, FREE information kit, PLUS a signed copy of my book, “How to Destroy America in 3 Easy Steps.” PureTalk - Get 50% off your first month with promo code ‘SHAPIRO’ https://www.puretalkusa.com/landing/SHAPIRO Helix Sleep - Get up to 20% OFF + 2 FREE pillows with all mattress orders: https://helixsleep.com/BEN Tommy John - Get 20% OFF your first order: https://tommyjohn.com/BEN - - - Socials: Follow on Twitter: https://bit.ly/3cXUn53  Follow on Instagram: https://bit.ly/3QtuibJ  Follow on Facebook: https://bit.ly/3TTirqd  Subscribe on YouTube: https://bit.ly/3RPyBiB Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

As Joe Biden claims he's restored order to the markets, bank stocks drop like a stone.

0:04.5

The Federal Reserve can't put that inflation genie back in the bottle without tanking the banks.

0:08.3

And Donald Trump launches a new round of absurd attacks on Ronda Santis.

0:12.3

I'm Ben Shapiro. This is The Ben Shapiro Show.

0:19.5

Hey, hey, and welcome. This is the Ben Shapiro show. Today show is sponsored by ExpressVPN.

0:22.8

Thousands of my listeners have already secured their network data. Join them at ExpressVPN.com slash Ben.

0:27.0

So yesterday, the Biden administration announced that they were bailing out Silicon Valley Bank's

0:31.2

depositors, not the bank itself. This is going to be a serious problem going forward, not because

0:35.9

the depositors are going to have their

0:37.6

deposits wiped out. Remember, when you deposit money into a bank covered by the Federal

0:42.2

Deposit Insurance Corporation, what you are doing is having the first $250,000 insured against

0:47.9

complete loss. That is a thing that was put in place in the aftermath of bank runs of the

0:52.2

early Great Depression. But now the

0:54.9

federal government has basically suggested that if you put your money in a bank that is supported

0:58.5

by the FDIC, then you're going to get back all of your money. So all the people who had put

1:02.8

their money in Silicon Valley Bank will be able to get their money out. But that doesn't actually

1:07.0

solve the entire problem as we're about to discuss in just one second. Because here

1:12.0

is the bigger, bigger problem. The people who are not going to be bailed out here are the Silicon

1:16.6

Valley Bank investors. All of those investors are probably going to just take it. And that's true

1:22.4

for a large number of these regional banks. If a regional bank goes under, the depositors will

1:26.6

probably be bailed out by the federal government, under, the depositors will probably be bailed out

1:27.5

by the federal government, but all of the investors will not be bailed out by the federal

...

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