Hour 1 - Biden's Bank "Bailout"

The Clay Travis and Buck Sexton Show

iHeartPodcasts

Politics, News, Society & Culture, News Commentary, Daily News

4.5 • 11.4K Ratings

🗓️ 13 March 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Biden says taxpayers won't pay for bank collapse, deposits safe. But fees will eventually be felt by consumers. Yellen says it's not a bailout, but it is. The Fed's original sin was artificially low interest rates and printing trillions of dollars. NY Gov. Hochul on gov't takeover of a NY-based bank. The timeline of the SVB run and collapse. The corporate obsession with diversity and inclusion causes disasters. Letting regional banks fail could lead to a depression. Shark Tank's Kevin O'Leary says Democrat states are "uninvestable."

Transcript

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0:00.0	Welcome to today's edition of the Clay Travis and Buck Sexton Show podcast.
0:04.7	Welcome everybody to the Monday edition of the Clay Travis and Buck Sexton show.
0:10.0	This is Buck, I'm going to be solo this week.
0:13.2	Clay is on vacation, Italy having a great time with the family.
0:18.5	And boy oh boy, do we have a lot to talk about.
0:22.0	The second largest bank failure in US history occurred on Friday.
0:26.4	We got a lot of banks right now getting crushed in terms of their stock price.
0:31.6	The contagion has spread a bit Biden saying that your money will be there when you need it.
0:37.6	Emergency actions taken by the federal government here all to prevent the domino effect of banking
0:44.9	collapse that could lead to not just a recession, but even a depression.
0:49.1	We are not out of the woods.
0:51.8	I think many people are just beginning to understand what the implications of this really are.
0:57.6	A lot of finger pointing going on.
0:59.2	Oh, it's Trump's fault because of deregulation.
1:03.0	They say, well, that's interesting.
1:05.7	Biden's been president for two years.
1:07.8	Why didn't he address the regulations that Trump deregulate it?
1:12.9	A lot of people also pointing to the wokeness and the obvious left wing Democrat positioning
1:21.4	of the Silicon Valley bank and the people that run it.
1:25.6	And so there's quite a bit of shoddenfreude right now as they have blown up their balance sheet.
1:32.9	Their bank is, well, it is kaput.
1:36.7	But it has been given a second life now by the federal government.
	...

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