Where's The Market Going? - March 15th, Hour 2
The Sean Hannity Show
Sean Hannity
4.0 • 9.9K Ratings
🗓️ 16 March 2023
⏱️ 33 minutes
🧾️ Download transcript
Summary
Charles Payne, Host of Making Money with Charles Payne on the Fox Business Network, is here with his take on the market and SVB.
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Transcript
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| 0:00.0 | All right, thanks. Got chat an hour to Sean Hannity show eight hundred nine four one Sean a number. You want to be a part of the program? |
| 0:07.0 | All things simple man Bill O'Reilly at the top of the next hour get your calls and eight hundred nine four one Sean. Hope you'll join us today. |
| 0:16.0 | Anyway, the Biden banking well I call it the Biden billionaire bank bailout program because that's exactly what this is. |
| 0:26.0 | We now see that it is spreading to Europe a lot of interest in what's going to happen to banking giant credit suice you know because that's rocking Wall Street. |
| 0:37.0 | The Dow tumbling today over new fears about the banking sector. I have the failed silicon valley bank literally this is on Fox business today. |
| 0:47.0 | Donating seventy three million dollars to black lives matter. |
| 0:51.0 | And then you got these idiots over at msdnc say oh, people say that they're woke take a look at the New York post today we went through all of it. |
| 1:00.0 | And it's yet nobody on the board knew anything about banking except one person. It's insane, but anyway, yep a database from the conservative Claremont Institute shows the bank donated around seventy three million four hundred and fifty grand to the BLM movement and other social justice related causes. |
| 1:19.0 | Congressman Comer argue the silicon valley bank was one of the most woke banks in its quest for the ESG type policy and investing, which is such a bad idea. |
| 1:31.0 | Yeah, Hillary and Obama veterans working as I told you at the the silicon valley bank. |
| 1:37.0 | And they donated heavily to Democrats and top Democrats, you know, now they're rushing to dump all the campaign contributions they got from the bank to act like all he had no idea at all whatsoever. |
| 1:50.0 | But it is what it is. You know, here's the question here. |
| 1:55.0 | And it was interesting last night on Hannity we had the TV show Shark Tank's Kevin O'Leary was on. |
| 2:01.0 | And he had a lot of money sounded like hundreds of millions of dollars in this bank and he said, you know, the line that he used was actually pretty funny because he's talking about a bank that he's doing business with and he says there are a bunch of idiots. |
| 2:16.0 | And I said to him, well, why are you putting your money in a bank full of idiots? It didn't really answer. Now it wasn't a trick question. I wasn't trying to pin them down. |
| 2:24.0 | And he said, look, I'm a big guy. I can I can handle this. I'm a businessman. I know you don't always win. Sometimes you lose. |
| 2:32.0 | But there are so many people that are not understanding how bad this is. Moody's, by the way, is now put first for public in five other US banks on a downgrade watch. |
| 2:42.0 | Carl Icon saying our economy is breaking because of inflation poor corporate leadership. |
| 2:47.0 | You know, to what extent I'm going to ask Charles Payne here in a second is this related to a Biden's bad economic and horrific energy policies because they are related big time. |
| 3:00.0 | You know, why did this bank invest in, you know, treasure little 10 year treasuries is, you know, I it is no answer for that or market market securities. |
| 3:11.0 | Why did they invest in these things? |
| 3:14.0 | Kevin News to me so happy about it. Apparently he used the bank and he owns three vineyards out in California, three. |
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