candidates running for congress is shocking, all we expected, not at all what republicans on capitol hill are saying. more evidence there is a disconnect between republicans in washington and everyone else. it has been 15 years since the global financial crisis since 2018, a long time but it hadn t gone away. consequences still define our world. why is u.s. government so deeply in-depth. how did wall street get so much money. why are housing prices so high? leaders stoke racial conflict. why so many americans conclude the system is so rigged. the answer to those questions the same, it all began in 2008. 2008 and aftermath is a complex story. let s sum up in the broadest possible terms what happened. big financial institutions took foolish risks and nearly blew up the u.s. entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot their
of the main reasons our big banks are incompetent and reasons americans are so divided by race. aid i don t logs who used the bank bailout to kill american mare i to be crease, that s a big step, mostly unacknowledged, but we are living with consequences. so, you have to ask yourself, what are they going to do this time? what we know we are about to see bank consolidation, big banks eating leg banks, that means less competition, more consolidation means more government control. what are they going to do with that control? all things being equal, if people don t exert pressure, it means digital currency, that politicians control. cbdc app to get your food stamps. do you think that is not coming? they would like it come in any case. we did notice that the four biggest banks, are doing well. and we
also notice that the white house appears to be, maybe we are reading into this too much trying to induce runs on regional banks. they seem to be trying to take away your confidence in those banks. their is kareem jean pierre. she is a vessel for the plans of others. here she is on friday as sbv is collapsing. she doesn t say a word about the fundamentals of the market. she talks about the one thing that matters to her which is the racial identity of the people in the finance sy system. note the historic nature of the moment that you see in front of you right now, all three of us or historic first in our roles, cea chair, omb director, white house press secretary. the first black women right in front of you for those three important important key roles in the administration. tucker: these people act all self awareness as if anyone
entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot their bonuses that year. we had economic collapse but it didn t hurt them at all. why? the government bailed out the banks. that was couldn t very shall but by bipartisan. at the time they told us in bipartisan fashion they were saving capitalism, but they weren t, in fact they were inverting capitalism. what happened next is very simple, wall street was allowed to privatize gains but socialize its risks. that meant if things went well, the financiers got rich. if things went south, the government would swoop in to save them. more than a decade very few complained because things went very very well. wall street boomed and the root of
tucker: these long term treasuries, the interest rates have gone up, who else is holding huge i mean the fed itself and what other banks are counting these as cash equivalents like how nervous should we be? look i think there is a lot sunshines to pay for years of actually skiing on artificial snow, now the snow machine turned off, real evidence starts to surface. tucker, i will tell you over the weekend, i got calls from silicon valley elites, i was going to support you, people in the billionaire class, you are speaking this openly, i am going to lose donor support. this is a moment for a grassroots uprising. look, i put in 8 figures into this campaign myself, it s going to have to be grassroots bottom up. let s get the grassroots uprising going instead of the one sided silicon valley agenda here. tucker: this is the kind of thing that p promotes votes. the