banking services to the cannabis industry, itjust confirms an existing problem that dispensaries are grappling with, and of course, one of the big issues when you are a cash business, there has been that fear that they were ripe targets for crime and theft, because people knew that they had so much cash on hand in the shops. that they had so much cash on hand in the shone that they had so much cash on hand in the shops. indeed. we are hearing that the democrats in the shops. indeed. we are hearing that the democrats in in the shops. indeed. we are hearing that the democrats in congress - in the shops. indeed. we are hearing that the democrats in congress are l that the democrats in congress are trying to change the law. what is happening with those efforts? there is this bill that happening with those efforts? there is this bill that is happening with those efforts? there is this bill that is being happening with those efforts? ii iiff is this bill that is being advanced cal
all see that banking is not a real thing. we all see the that banking is not a real thing. we all see the commercial real estate issue all see the commercial real estate issue here all see the commercial real estate issue here in the united states and over $1 issue here in the united states and over $1 trillion of potential defaults, not defaults but damaged mortgages. that is the banking system mortgages. that is the banking system. in our opinion the banking issue system. in our opinion the banking issue is system. in our opinion the banking issue is not system. in our opinion the banking issue is not over for the next year or so. issue is not over for the next year or so, we issue is not over for the next year or so, we have a pause and what we are seeing or so, we have a pause and what we are seeing in or so, we have a pause and what we are seeing in the big banks is the apposite are seeing in the big banks is the opposite of what we will see in regionai o
of high inflation. that s why the federal reserve has been raising interest rates to deliberately slow this economy hoping they can get those things back in balance. does a report like today mean we may not be completely out of the woods when it comes to more rate hikes? well, that s certainly one read, but you have to remember that the federal reserve is walking this really thin tight rope that got thinner because not only do you have the worry that the delayed impact of the rate hikes that they ve already done will at some point lead to the unemployment rate rising, but they re also doing that during a time where we have a banking issue where there s concern about maybe more regional banks going under after first republic just went earlier this week, and then the debt ceiling which you were just talking about, potentially looming the default of the world s largest economy, so those are things that the federal reserve is trying to navigate around it, and that s a very tough task.
chuck todd on the difference between a man and a woman. here s a preview. argue confident you know that gender is as binary as you were describing it? are you profit that there is no spectrum. you know this is a scientist. the best part is coming out. terrible economic news as biden s banking crisis rages on. this is the second largest bank collapse in american history. remember in march he assured every american that this was not a banking issue. just like he said is transitory. he gets everything wrong. we will get everything tonight. the sad tragedy of texas where an illegal immigrant who previously was deported not once, not twice, not 3, 4 times but, 5 separate times brutally murdered 5 innocent people including an 8-year-old little boy. now, the great one, i talked to them before the show. he is really angry. about all of this.
dangerous, so we ve got to focus on lethality and readiness and this is what happens when you don t, i think. on the banking issue. look, we re very, very concerned, you know, yet another bailout. let s face it, fdic, those reserves are about one and a quarter percent of deposits so there s no way to keep doing this and even though we seem to have staved it off early on, i was concerned and i thought that there were going to be failures in the future and we re seeing it come to fruition as it shakes out. it shows the fragility of our economy, what has been caused by run away inflation, the outrageous, the outrageous spending by washington d.c., and of course, you know, internationally, the inability or the lack of confidence in the dollar, such that we re having a difficult time selling our debt. these are unprecedented things in america and they re all due to policies of overspending and