All right, thanks Scott Shannon and thanks to all of you for being with us our two Sean Hannity show

80941 Sean you want to be a part of the program. It's always an honor privilege and pleasure to welcome back to the program

Ohio Congressman Jim Jordan the chairman of the all-important House Judiciary Committee. How are you sir?

Before we get to the important investigations that you're you're leading up and they are important

What is your reaction to what's happening with these banks and this proposed bailout of Biden?

It sounds like he doesn't want to even ask Congress for the money. What's your take?

Well, we should we shouldn't be bailing people out who are above the FDIC

You know guaranteed that what the rules are now for 250 thousand for FDIC

insured

And I think second this is driven by the the Biden inflation. I mean this record inflation my understanding is and I'm

No, tend to be an expert in finance here

My understanding is that they have a number of treasuries people started to the treasuries at a low low interest rate yield and

the

You know people came to the people wanting to get their money out of the bank

They're come to take their deposits out and so they had to cash in a number of these treasuries at a loss because of interest rates

Are now so much higher than they were they purchased them. They didn't have the money to cover everything until it was sort of like a run on the bank

Dribbon by the interest rate inflation that

That caused the situation and of course as we all know the federal government came in and and they're in receivership

But what as a Friday afternoon?

So the people who have something 250 or less they should get covered of course because that's the rule

But you start covering other folks above that. I think that's that's scary to go down that road

Which sounds like where you go?

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