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The John Batchelor Show

#MrMarket: Bailing out the banks again. @ThadMcCotter @theamgreatness

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 20 March 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

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@Batchelorshow

#MrMarket: Bailing out the banks again. @ThadMcCotter @theamgreatness

https://www.ft.com/content/8c132c3e-be8d-452d-bf2c-1273798620fe

Transcript

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0:00.0

I want to take a second to tell you about the biggest international festival for pop casting.

0:04.7

The Pop Car Show London will bring together thousands of people under one roof on the 24th

0:09.5

and 25th of May, featuring industry leaders, creators, brands, and some of the most recognizable

0:15.4

names in pop casting, as well as parties and an evening festival of un-missable live shows.

0:22.0

65-pound day and 119-pound two-day passes are on sale now.

0:27.0

Book yours at thepopcarshowlondon.com

0:52.0

We'll expand deposit guarantee to study banks.

0:55.4

Subhead regulators intervention in crisis have so far failed to calm nerves.

1:01.6

Lead paragraph.

1:02.8

The Biden administration is under mounting pressure to call for an expansion of the federal

1:06.8

guarantee on bank deposits to shore up confidence in the financial system and prevent further

1:13.4

distress among U.S. regional banks.

1:16.7

The federal deposit insurance corporation, FDIC, which is funded by banks, fees from banks,

1:24.4

guarantees deposits all of us up to $250,000.

1:29.3

But a growing chorus writes the financial times of influential bipartisan lawmakers and banking

1:38.0

industry lobbyists have been pushing for that limit to be increased and then a quote

1:42.2

from Elizabeth Warren, senior senator from Massachusetts on CBS.

1:48.1

I think that lifting the cap is a good move.

1:51.0

Is it two million?

1:52.2

Is it five million?

1:53.5

Is it ten million?

1:55.0

Small businesses need to be able to counter and get in their money to make payroll, to

...

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