SVB Collapse: What This Means for YOUR Regional Bank | 3/13/23

Sara Gonzales Unfiltered

Blaze Podcast Network

News, Politics, News Commentary

4.8 • 5.8K Ratings

🗓️ 13 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Former investment banker and author of the upcoming book "You Will Own Nothing" Carol Roth joins the show to break down the Silicon Valley Bank collapse. Lieutenant Colonel Allen West and Chad Prather discuss the border crisis in Texas that happened over the weekend. Biden's press secretary, Karine Jean-Pierre, fumbled the ball when asked how Biden is planning to deal with the uncontrolled border crisis. The Department of Housing and Urban Development recently reported that California is seeing record numbers of homeless people. California now has over half the number of "unsheltered" homeless people living in the state. Today's Sponsors: Right now, you can save $200 on an EdenPURE OxiLeaf II Thunderstorm Air Purifier 3-pack for whole-home protection. You get three units for under $200. Put one in your basement, bedroom, family room, kitchen, or anywhere you need clean, fresh air. Go to http://edenpuredeals.com and enter discount code "sara3" to save $200. ScoreMaster could save you over $75,000 or more in interest over the life of your loan. That's the genius behind the ScoreMaster three-week rule. It only takes a minute to get started, and you can add 30 to 100 points in about three weeks depending on your credit file. Before you apply for any loan, auto lease, or credit — start at ScoreMaster. Visit http://www.ScoreMaster.com/news to try ScoreMaster for FREE — that's right FREE! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is the United States banking system on the verge of collapse.
0:04.2	Illegal immigrants storm their way into El Paso and Joe Biden is proposing federal legislation
0:09.8	to force states to allow doctors to perform child sex change operations.
0:14.1	We've got all of that and more coming up and it all starts right now.
0:30.0	Welcome to the news and why it matters.
0:36.5	I am Sarah Gonzalez and late Friday news broke of the collapse of Silicon Valley Bank.
0:41.3	This is the 16th largest banking system in the country of bank that has done business
0:46.0	with nearly half of all United States venture capital backed startups.
0:51.0	Kind of a big deal right.
0:52.9	Then over the weekend the FDIC announced that not only would they be taking over Silicon
0:57.1	Valley Bank freezing withdrawals and temporarily closing branches.
1:01.1	They said they were also seizing control of signature bank to protect its depositors
1:05.3	and the stability of the US financial system.
1:08.6	Now that marks the second and third largest bank failure in the United States history
1:12.6	respectively and it's left many wondering, how did this happen?
1:16.5	Should I be a little concerned and what should I expect next?
1:20.1	Well Joe Biden held a brief press conference earlier today and while he didn't take any
1:24.4	questions he assured the country that everything is safe, no cause for concern.
1:29.0	Customers will get access to their funds and taxpayers won't be financially responsible
1:32.9	for those.
1:33.9	Watch.
1:34.9	Today thanks to the quick action of my administration over the past few days.
	...

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