'Too medium to fail': Bank collapses turn Fed into political warzone
The Chuck ToddCast
iHeartPodcasts
4.0 • 2.8K Ratings
🗓️ 15 March 2023
⏱️ 29 minutes
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| 0:00.0 | Hello there, I'm Chuck Todd and this is another episode of the Chuck Toddcast. |
| 0:09.9 | So last week, the collapse of the Silicon Valley bank did more than expose regulatory failures |
| 0:15.2 | in the banking industry. |
| 0:16.2 | It was a showcase for our worsening political divides as well. |
| 0:19.4 | The fallout Democrats and Republicans have played a finger-pointing game. |
| 0:23.2 | Republicans putting the blame on the Biden administration with inflation trying to make |
| 0:27.0 | that the cause. |
| 0:28.3 | This criticizing Trump era regulation rollbacks. |
| 0:31.5 | Senator Elizabeth Warren called on Fed Chair Jay Powell to refuse himself from the Federal |
| 0:36.8 | Reserve's review of SVB's failure not to resign and sort of a little bit of a head scratch |
| 0:42.2 | on that one. |
| 0:43.2 | But she wants to hold him at least partly responsible for this meltdown. |
| 0:46.4 | And across the aisle, Republicans like Governor Rondis Santos, Senator Josh Holly in |
| 0:50.0 | Congress on James Comer believe woke politics might have been a reason for the second largest |
| 0:56.6 | bank collapse in US history. |
| 0:58.0 | So who's really to blame? |
| 0:59.8 | What is the political fallout of the Federal Reserve going to be? |
| 1:02.8 | Join now by two people who actually cover this stuff for a living. |
| 1:07.2 | Jim Tankers leads the White House correspondent for the New York Times who focuses on economic |
| 1:10.7 | policy. |
| 1:11.7 | And Ben White is Politico's chief economic correspondent. |
| 1:15.8 | You know, gentlemen, we've, I count on you guys every time we're near a financial crisis. |
... |
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