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The John Kobylt Show

John & Ken Show Hour 1 (03/13)

The John Kobylt Show

Premiere Networks

News

4.4754 Ratings

🗓️ 13 March 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

Pres. Biden came out and spoke this morning about the two banks collapsing. Pres. Biden is coming to Monterey Park to talk about gun violence and we could get a vote on Garcetti’s ambassadorship nomination in the next week. More rain is on the way!  Robert Blake died over the weekend.

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Transcript

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0:00.0

KFI, AM 640, you're listening to the John and Ken show On Demand on the IHeart Radio app.

0:08.6

Yes, welcome, everybody.

0:10.8

I'm really sluggish, though.

0:12.3

I mean, did the time change, do you win?

0:15.4

No, I didn't notice the time change because I was in Arizona over the weekend,

0:18.9

and they don't change the time.

0:22.1

Yeah, but when you came back here, there was an hour difference.

0:24.5

It had already gotten watered down.

0:27.4

Oh, that's the trick you pulled.

0:30.0

I don't know how that works, but I didn't notice anything.

0:34.2

Well, then I had to get up early and stand in line to take all my money out of the bank.

0:40.4

You know, there's another crisis upon us. Oh, and that would take a while.

0:45.7

No. Did you do that in one trip? My whole thousand dollars. Did you hurt your back?

0:54.2

Ah, very good. You keep flipping your papers around there. You did a good job.

1:02.5

We'll be talking in depth next hour with Alex Stone, ABC News, about what's going on with these two banks.

1:11.0

It started with one Silicon Valley Bank, SVB. Of course, that was the big news on Friday, and then the news it broke yesterday.

1:15.3

Was that another bank look like it's going under called Signature?

1:20.2

And both of the bank's depositors are going to get everything.

1:30.2

The federal government made a decision that even though FDIC insurance typically only extends to $250,000 for a deposit, they're going to reimburse. And by the way, SVB, most of them were corporations that had their money in that bank.

1:35.8

So they were well above and beyond the $250,000. It's venture capitalists and a lot of Silicon Valley

1:42.2

startups that got their venture capital.

1:44.9

Yes.

...

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