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The Sean Hannity Show

No Free Lunch - March 14th, Hour 1

The Sean Hannity Show

Sean Hannity

News, Daily News, Politics, News Commentary

4.09.9K Ratings

🗓️ 15 March 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Steve Moore, economist and author of  “Trumponomics: Inside the America First Plan to Revive Our Economy” and David Bahnsen, is a trustee of National Review Institute, host of our very own CAPITAL RECORD podcast, and the author, most recently, of THERE’S NO FREE LUNCH: 250 ECONOMIC TRUTHS. From his article about SVB, why Biden is at fault and the bailout.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

right hour two shan Hannity show thanks for being with us eight hundred nine four one shan if you want to be a part of the program

0:07.0

right so how worried how concerned should americans be about this this banking collapse these banking stocks

0:16.8

uh... and joe biden look the entire administration they they've settled on telling you one thing after another

0:23.6

everything is safe everything is secure everything is solid

0:27.7

okay and then joe biden says no losses will be born by taxpayers over the bank closures now remember

0:36.0

your fd i c insurance goes up to two hundred fifty thousand dollars i keep calling this biden's billionaire

0:42.7

bailout because regardless of what people had in terms of fd i c insurance he's guaranteeing all the money will be paid back

0:52.2

uh... everybody says no losses will be born by the american taxpayers over the bank closures

0:59.1

so i guess that means that joe biden maybe son hunter will kick in maybe his brother jim will kick it

1:04.9

but apparently they're telling you you're not gonna have to pay a penny listen to joe

1:09.4

all customers who had to pause in these banks can rest assured i want to rest assured they'll be protected

1:15.7

and they'll have access to their money as of today

1:19.5

that includes small businesses across the country the bank there

1:23.1

and need to make payroll pay their bills and stay open for business

1:27.3

no losses will be and i'm on this is important for no losses will be born by the taxpayers

1:32.8

let me repeat that no losses will be born by the taxpayers instead the money will come from the fees

1:39.1

the banks pay into the deposit insurance fund

1:42.3

okay if the taxpayers are gonna pay it

1:45.1

but where's joe getting the money from

1:47.3

because some of the money got to come from somewhere

1:50.0

uh... there was an interesting piece in the new york post today that you know joe decides to toss out the the rule book and guarantee deposits

1:58.4

that exceed two hundred fifty thousand dollars okay

...

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