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The Erick Erickson Show

S12 EP45: Hour 2 - The Moral Hazard of Bank Bailouts

The Erick Erickson Show

Erick Erickson

News Commentary, News

4.5876 Ratings

🗓️ 13 March 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

More on the bank failures and the fallout.

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Eric Erickson Show podcast, Hour 2.

0:12.1

Hello, America.

0:13.2

Welcome.

0:13.7

It's Eric Erickson here.

0:15.3

A lot of you are on hold.

0:17.9

You got questions.

0:19.6

I want to spend some time this half hour taking your phone calls

0:22.8

877 973-725 before I do that though and I will this segment I promise I'll spend just a

0:31.2

minute make it a point and I'll move on to your phone calls.

0:43.6

The border situation, the southern border, we'll get into this, but there's word coming of a massive wave of illegal immigrants trying to come across the border.

0:47.6

The Biden administration continues to blame the Trump administration for all of its problems

0:53.6

of the border, even as they're re-embracing

0:55.3

Trump-era policies on detainment.

0:58.8

In East Palestine, Ohio, the Biden administration rushed out to claim Donald Trump was to blame

1:07.1

for the Norfolk Southern derailment because of a rollback of regulations that actually

1:12.8

did not apply in the situation. But it was a way to get the media to go after Trump instead of

1:18.7

Biden on the situation by blaming Donald Trump. And now they've done it again. With the Silicon

1:24.4

Valley Bank situation, they've rushed out to blame a Trump era of regulatory

1:30.2

rollback, claiming that it was Donald Trump's fault that this happened.

1:35.6

Stephanie Ruhl, who's one of the anchors on MSNBC, is also as a business background.

1:43.1

She tweeted this, important reminder in 2018, Republicans voted in unison to roll back bank risk oversight rules.

1:53.0

Silicon Valley Bank lobbied hard to make this happen and one, now some of those same Republicans are demanding all Silicon Valley Bank clients be made whole immediately.

...

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