Let’s talk about (banking) trust issues
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 27 March 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Bank regulators will be heading to Capitol Hill this week, where they’re likely to be grilled by lawmakers over the recent banking turmoil. But they also have to reassure markets and the public that everything’s going to be all right — because if depositor fears escalate, that could spawn yet another crisis. Plus, it’s boom time for certificates of deposit, and anxiety about commercial real estate loans looms over regional banks.
Transcript
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| 0:00.0 | On the program today, the banking challenge yet to come. |
| 0:07.7 | From American public media, this is Market Play. |
| 0:20.0 | In Los Angeles, I'm Kai, Rizdal. |
| 0:22.1 | It is Monday today. |
| 0:23.4 | This one is the 27th of March. |
| 0:25.4 | It is always to have you along. |
| 0:28.0 | One treads not lightly into the land of, hey, it could get worse, you know, especially |
| 0:35.2 | not with some degree of banking uncertainty still in the air. |
| 0:39.5 | But on the theory that the more you know, the more you know, it is time to dig a little |
| 0:44.4 | deeper into what regional banks actually do in this economy. |
| 0:48.4 | And other than in some relatively specific markets, like say, taking deposits from and |
| 0:53.2 | making loans to high-tech startups, a lot of what regional and community banks do is |
| 0:57.9 | commercial real estate lending. |
| 1:00.2 | Now the direct banking stresses we have seen of late seam to be coming down somewhat |
| 1:05.9 | emphasis on seams. |
| 1:08.4 | But if another proverbial shoe is going to drop, it might well be the dress shoes you |
| 1:12.3 | are no longer wearing to the office. |
| 1:14.9 | Marketplace is met 11, gets us going. |
| 1:16.9 | Okay. |
| 1:17.9 | So before you go stuffing your money into your mattress or shoebox or Bitcoin derivatives |
| 1:22.2 | or something, all the commercial real estate and banking experts I talked to today did |
| 1:26.8 | not say the sky is falling. |
... |
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