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 justice. you know, it would be beyond unusual for a state prosecutor to use an alleged violation of a federal law, rather than a state campaign finance law as grounds to elevate a false paperwork case from a misdemeanor to a felony, wow, they get creative because they hate trump that much. that would be trump derangement syndrome. another day, another massive crisis for reckless, incompetent joe biden. america s banking system and your money is now in peril. this is a real crisis. there are real fears tonight that this could very well be just the beginning of a massive biden banking crisis with biden billionaire bailouts and world wide consequences. two banks now have officially collapsed. nearly two dozen others they were forced to halt trading today amid widespread panic. first republic bank, $100 billion was wiped out in one single day at the very core of all of this banking crisis is joe biden s record setting 40 year plus high of inflation. caused by his multitrillion
bring down inflation or ease up on the fight to calm the banking sector. downplayed the federal reserve through all of this. we started out the sa santa clas by bringing zero interest rates which pushed people out of saved investments into venture capital. they became the arsenate dome arsenate during covid m no one would loan it to us the $5 trilf thin air and that caused inflation. but don t worry, they came in as the firefighters to put the fire out by dousing it with high interest rates. now, they are like the triage doctor to stabilize the patients, which are the banks. ashley: alexandria hoff with more from washington, alex. good morning, the federal reserve is in a tricky spot with rising consumer prices being revealed today. it has led to a rate hike but giving the turmoil the interest rates have caused the fight against inflation may have to be placed on hold. it was an attempt by silicon valley to lower interest rate risk which led to selling off securities we
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