SVB Failure & Socialism for the Rich, TikTok Ban

The Politics Guys

Michael Baranowski

News, Politics

4.4 • 783 Ratings

🗓️ 18 March 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike & Jay open with an extended discussion of the recent failure of three banks, focusing on the largest of the three, Silicon Valley Bank. They discuss why depositors were made whole, banking regulation, and the importance of risk in capitalism. After that they turn to the growing threat of a US ban of the hugely popular TikTok app due to national security concerns. Jay has his own concerns that this might run afoul of the 1st Amendment whereas Mike is less inclined to see a platform ban as restricting speech. Mike’s Recommendation: Triangle of Sadness Jay’s Recommendation: Tchaikovsky Symphony No. 5 (Cleveland Orchestra) The Politics Guys on Facebook | Twitter Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys. Interested in starting your own podcast? Check out RedCircle, home of The Politics Guys. Support this podcast at — https://redcircle.com/the-politics-guys/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	atheist agnostics, long-haired, weirdos, short-haired winters, vandal,
0:05.6	Gula.
0:05.8	I'm the government, hug the government, love the government, hug the government, love the government,
0:11.8	the government, hug the politics, guys, a place for bipartisan, rational, and civil debate on American politics and policy.
0:17.7	I'm Michael Baranowski, Professor of Political Science at Northern Kentucky University.
0:22.2	I'm joined today by my conservative counterpart, Cleveland area attorney and defender of freedom,
0:26.8	Jay Carson. Hey, good morning, Mike. Hey, Jay. How are you doing this morning?
0:30.6	I, uh, for those of you out there who, uh, have been wronged by Mike, I just want to say,
0:36.4	I am your justice and I am your retribution.
0:41.2	It is a long list, I am sure. So it is good to know that you can turn to Jay or Donald Trump or
0:48.1	you know, it's important to have justice and retribution. And I probably turn to you before
0:52.9	Donald Trump, but that's just me.
0:55.0	Anyway, so we have a lot to talk about today. We're going to open with Silicon Valley bank failure
1:02.0	and just banking and bank bailouts, or maybe that's not the term in general. The potential TikTok ban,
1:09.9	Biden's approving the Willow Oil Project in Alaska,
1:14.1	Ron DeSantis's remarks on Ukraine, so a whole bunch of stuff we have to get to,
1:18.6	and we're going to get started in just one second.
1:22.5	Okay, so Jay, in the last week, as I'm sure you know, listeners certainly knows,
1:27.0	well, there have been three bank failures in the United States, Jay, in the last week, as I'm sure you know, listeners certainly knows, well, there have been
1:27.7	three bank failures in the United States, Silicon Valley Bank, Silvergate Bank, and
1:33.6	signature bank, and the failure of a fourth bank, First Republic, was averted thanks to an injection
1:39.8	of $30 billion from J.P. Morgan Chase Bank of America, Citigroup, and Wells Fargo. And of those three
	...

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