this is a small bank. they had some wacky, wacky board, but the reason why the fed is there is to protect peoples they didn t do anything wrong, put money in a bank. you didn t commit any sins. you were doing the right thing. where are you supposed to put your money, jesse? jesse: a bigger bank. greg: a bigger bank. that s kind of the point. jesse: you re supposed to be a church. greg: exactly. that is why i am not an expert, but i m also a hypocrite because i do i m against bailouts. i think investors should be on the hook. people that run the bank should be on the run. are they required to do their due diligence i don t do that. i do not. emily: part of the issue here, the risk assessment is different in a smaller bank that a bigger bank, and the whole point, the larger picture i see here, the answer is never larger government, the answer is not government when they talk about congress acting, and government meddling. we know from 2008 that is
lot of democrats concerned about the piling on against kamala harris because what that could mean. we just sit back and watch all of this and we learned a little more about what the democrats think of her, and they are concerned, 80% of democrats don t want biden to run again and are concerned that the conversation is going to turn, if people are concerned about him not running again and they talk about his age, and then you talk about the inevitable, if she would take over, does this become a contest in 2024 between kamala harris candidacy, in theory, and whoever the republican nominee is? i have some advice i want to impart. greg: that is what makes the show so great. dana: when someone has insulted you and they get called out on it and they apologize in public and then they try to call you, i have what i call the 3-call practice rule. the first call, you sent to voice mail. the second call, you ask your assistant to take a message. and the third call, you take. and on that call
the actual ability for the borrower to pay the loans back. now the question is, do we really have a limit on fdic insurance? if you don t, it becomes a moral hazard and a perverse incentive for executives to take more risks because there s a lot of reward and no downside. emily: that s exactly what i was going to say. greg, your thoughts? greg: well, i am not a banking expert. everything they just said could be right, that these are woke investors, people on the board don t have the expertise, they searched out the right virtue signal and the right box to tick for identity, instead of economic competence, which lets everybody down, but i don t think it is a bailout to give relief to depositors. i think and i don t like the set up of this team sport politics, welcome if it was a trump bank, it would be this w way. that is completely fabricated and you don t know. you should try to stave off the idea of people running to the banks, right?
while code well, where will i start? as vice president, of c of course, the inflation reduction act, i mean the list goes on and on. greg: the best. but the dem pileup does not stop there, joe biden ticking off the squad, tweeting, this disastrous decision will have devastating consequence is on our planet, frontline communities, and wildlife closed would be of all right, dana, a little thought experiment right now, there is a subway, late at night, liz and kamala, which one gets out alive? dana: one of the things about the kamala harris piece, it is not conservatives who are criticizing her, they don t have to do, this is coming from democrats, there was an article yesterday that said there were a
attorney general. the sparring. she has a vibe right now, she has not had a vibe the entire time, people have been attacking her, saying what is she doing, she is the czarina of the border, she is never down there, the face of the roe v. wade conversation, what does that mean? actually think that meant a lot but i understand how people would sit there and say, it is not her name on any of this, which is frankly a problem that all vice president base. joe biden, looking back at his eight years as vice president, one thing was really joe biden s, that was getting gay marriage passed. but otherwise, and that was into his second term, 2015 when it happened. greg: after 50 years of being against it, but that is okay. jessica: he had an epiphany and high school and didn t want to talk about it. i think this is actually good for her because it sends a signal out into the public that she has not just going to be walked all over, and she is certainly not going to be walked all over by someb