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The Muckrake Political Podcast

Small Enough To Fail: Why We're In Another Banking Crisis

The Muckrake Political Podcast

CLNS Media Network

News, Politics

4.6530 Ratings

🗓️ 14 March 2023

⏱️ 56 minutes

🧾️ Download transcript

Summary

Co-hosts Jared Yates Sexton and Nick Hauselman discuss the latest news about the failure of Silicon Valley Bank and how the regulations designed to stop this were repealed in a bipartisan manner. Then they examine the issues with Elon Musk wanting to create a new company town outside of Austin, Texas. When China brokered a deal between the Saudis and Iranians. the geopolitical ramifications are a serious enough threat to American power, and they finish on a powerful and well funded conservative group operating in the shadows to gain systemic control of American society. To support the show, subscribe to our Patreon at http://patreon.com/muckrakepodcast

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, everybody. Welcome to the McCrick podcast. I'm Jared Gates-Sexman. The economy is an absolute freefall. But guess what? Nick Houseman is back. That's all that matters. That is all that matters. How are we doing, buddy? Welcome back. Thank you. I'm good. I'm good. I have yet to adjust to the new time zone. Throw in a time change, daylight savings, whatever um maybe they'll get rid of that this

0:22.7

week what do you think i feel awful time wise i have no idea what's going on up is down left is right

0:29.7

cats and dogs are living together mass hysteria i it takes me a month to get regulated to the time

0:36.1

i don't know if that's about me. I don't know if everybody feels it.

0:38.7

I feel odd. I was worried about you down in the, the previously free state of Florida.

0:45.4

I didn't know what was going on. I thought you might have gotten caught up by the state power down there.

0:49.7

We were all worried. Oh, you know, just driving past huge Confederate flags off of the interstates,

0:55.3

which was crazy. That was near Tampa, Tampa, which is supposed to be, you know, a thriving

0:59.9

city that's probably somewhat progressive, if you will, but literally a few miles off of there.

1:04.6

A big, big, flowing General Lee flag, whatever, in the, flat thing in the breeze.

1:12.3

Yep, they love the Confederacy down in those uh down in those areas listen um we have an absolute jam pack show i'm so glad that

1:18.5

you're here so i don't have to like sit here and drink a beer and think about the the tides of

1:23.1

history uh you know i'm very glad that we get to tackle this together. Listen to everybody,

1:28.4

China makes a power move on the world stage. Elon Musk is trying to bring back the yield

1:35.0

company town. We got to talk about that. We got to talk about one of the biggest threats that's

1:39.1

rising up within the national conservatives. But before we talk about all that, Nick,

1:44.3

the second largest bank failure in American history has now taken place.

1:49.6

Silicon Valley Bank, which is one of the main centers of gravity for the tech world,

1:56.1

the startup world, the venture capitalist world.

1:58.8

It went down and it went down really, really hard,

2:02.1

a massive, massive failure that was caused in part for a variety of different reasons,

2:08.4

including deregulation. There was a panicked bank run, which was set off in part by people

...

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