this week s actions demonstrate our resolute commitment to insure that our financial system remains strong and that depositors savings remain safe. paul: let s bring in jason trender, chairman and ceo of an investment strategy firm. jason, quite a week in financial markets. you know, the treasury secretary says all is well, safe and sound, but the markets aren t acting like it. just how big a question a problem is this in the banking system? well, paul, we don t know yet, but i think that, you know, history has taught us that, generally speaking, when there are problems like this in the banking system, they re not they generally don t tend to be isolated. i feel very strongly that in many ways the precursor for this has been 12 the years of i would say borderline irresponsible monoair the policy and fiscal policy paul: right. and so in some ways, it s not surprising that when inflation moves higher as a result of those policies, that people get caught offsides when
the current one. paul: dan, just on substance of this this, and we don t the know what ll happen in ukraine, it could go any number of ways, but let s say that biden kid adopt the did continue the desantis position and saying it s a territorial dispute, we really don t have a dog in this night and russia were to advance and win, you couldened ebb up with a president desantis if he won the election in january of 2025 with russia s military on the border with poland, with china having looked at that the last two years and saying, hey, united states just doesn t is have the will to stop us and could be even more adventuresome. this isn t really a world that desantis wants to inherit. not at all. and, you know, xi jinping, incidentally, is going to moscow next week to meet with vladimir putin. it is described as a friendship meeting. so there is an alliance building there. and i think it s not only that