How much did you REALLY pay for the bank failures? Zach Abraham on that and what's next Episode 707
The Todd Herman Show
Radio America
4.8 • 1.5K Ratings
🗓️ 17 March 2023
⏱️ 72 minutes
🧾️ Download transcript
Summary
Zach Abraham is back with a follow-up on you being forced to bail out millionaires and billionaires, including Gavin Newsome who illegally lobbied to the forced bailout. We also discuss the make-up of the Board of SVBand Barney Frank’s “job” at Signature Bank. More importantly, Zach tells us “the only thing that matters right now” in the economy. He also tells us how to make sure this never happens again.
What does God say?
Matthew 19:23-26
23 Then Jesus said to his disciples, “Truly I tell you, it is hard for someone who is rich to enter the kingdom of heaven. 24 Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”
25 When the disciples heard this, they were greatly astonished and asked, “Who then can be saved?”
26 Jesus looked at them and said, “With man this is impossible, but with God all things are possible.”
- REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray.
- BREAKING: Newsom Under Fire For Failing to Disclose Personal Ties to Silicon Valley Bank While Lobbying for Bailout
- Shareholder Liability and Bank Failure; the authors propose doing what Zach suggested and bring back liability for bankers who make grossly negligent decisions with their depositor’s money.
- Kevin Hassett reveals "there were buyers who were willing to step in & buy [SVB, but] the radicals at the @FDICgov basically weren’t going to allow that to happen ... the Biden Admin had a whitelist of companies that were allowed to buy the failed bank & companies that weren’t."
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Transcript
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| 0:00.0 | Barney Frank was on the board of signature bank Barney Frank also when he was a |
| 0:06.9 | congressman had living in his home a male prostitute with whom Barney Frank |
| 0:12.0 | was having sex so that he started paying the prostitute to work on his |
| 0:19.4 | staff and then was paying him for sex and then the prostitute moved into |
| 0:29.2 | Barney Frank's house and then was servicing other men with sex and then |
| 0:39.7 | Barney Frank goes on the board of signature bank which has been shut down. This is |
| 0:44.2 | a little clip from some of the serious business at signature bank. I'm Scott |
| 0:50.4 | Shay Chairman of signature bank and it is a pleasure for me to welcome you to |
| 0:55.8 | this multimedia multi-casted multi-spatial meeting of the Pride Council and I'm |
| 1:04.1 | just thrilled that there are about 40 people in the room. I understand there |
| 1:07.9 | is something like 190 people at watch parties so how do you all at the watch |
| 1:13.2 | parties? The most common pronouns that folks are familiar with are she and |
| 1:16.5 | he. Becoming much more common and I don't know if there's anyone in the |
| 1:20.1 | signature bank world but probably you have clients that use they them as |
| 1:23.4 | pronouns. They're gender neutral pronouns on purpose. We talked about folks that |
| 1:27.7 | are non-binary that intentionally don't identify as male or female so some of |
| 1:32.1 | those folks use they them as their pronouns. Z is another gender neutral yeah it's |
| 1:36.6 | pretty serious business to be dealing with pretending people are neither male |
| 1:41.0 | nor female and you can probably pick up from that person's voice that |
| 1:46.4 | Timmy false sounding voice that that might be a person who has opted for wrong |
| 1:54.0 | sex hormones so that bank collapsed government went in there and now it's not a |
| 2:01.3 | bailout because it's you know we're just just going to give money to the |
... |
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