i will happily give a tip. i will not i m with you. for passivity. no, you tip for service, and it should be feint on that service dependent on that that service and your reaction to it. the very idea that every time you re presented with these pads, and i love the glare, would you like to make a tip? i m not never pet a burning dog. compulsory tipping is not a tip, that s a fee. i don t like it. i hate the idea, and the has become, this pad that they present, shove in your face, it s become a weapon, and it turns me off and i think a lot of people. i m a big tipper, gillian. i think you know that about me. you throw down the benjamins. my venmo handle, do you have a pen? it s gillian h turner. thank you. i was at a bakery the other there s this french bakery in the my neighborhood, and i went up to the counter and got, i didn t even get a coffee, i just
to be subject to ax. put that in their pocket, and uncle sam never know they got it. you don t want them taxed on their tip. number two, what you just said is exactly the reverse psychology that spurs me to tip. the fact that they hit that no tip button the, i would have given her a downing dollars just for couple dollars just for the common sense of it. hey, i m not pressuring you into it. in my world, i want to tip someone to show them gratitude i for something they did that they didn t have to do. that s where tips come from, and we should keep that a part of tipping and not this idea that nobody makes enough money so we just need to make them extra. go to congress and lobby for more money. yeah, but that allows a loot of businesses a lot of businesses, especially giant corporations, to underpay that s exactly right. if everybody s going to pay their worker $5 an hour and rely on tips but the choices are just outrageous. i mean, 30, 50%? it s a $3 coffee, you want $1
were. it s hard to separate what the biden administration s done with our economy now, absolutely, this bank made bad decisions, but they bought long-term securities, and they had to sell them for a loss. they didn t have the assets to give people their money. why did those rates go up? they went up for a lot of reasons, one of them being we tried to patchwork an economy together during a covid shutdown that should have never happened. that s not to bring in covid, but it s to say the administration has had their finger on this ask seen and seen this coming. these problems can arise and and a bank like this was, obviously, more vulnerable to the it than most. raymond, take a listen, i like what charlie gasparino had to say today about most of america, most of the rests of america outside silicon valley. take a listen, and i ll get your response. i think this is kind of a one-off. big banks, i think, are well capitalized. but, you know, listen, if the you re in a regional bank,
bank, probably others to the brink. but they ve now got to rerelieve these depositors. it s important for the government to step up and say we re going to the take care of this and and make sure these people are whole in whatever fashion. they ve got to look at their, you know,ly quid i and what these companies are actually capable of. but the government has to come in just a restore quiet and calm, otherwise there is going on the a run yeah, absolutely right. so first republic what could go wrongsome. these small banks where the deposits are not f the dic insured. so those non-siv banks. that that s ooh big to fail. so bank of america, chase, they would get a bailout. these smaller banks, they re not fdic insured, and it would be bad news for the entire sector if the federal government came in and tried to rescue everybody right now. too small to survive may be the new yeah. well, and it s like, you know what? we re hearing a lot about the
yeah. that there s going to be a lot of people pulling money out of regional banks and putting them into major banks. that could cause runs on these regional banks. look, i m thrilled that all my money s at big bayou fancy trust [laughter] gives me great relief today. dinner s still on you. look, this is not a moment to the panic. i ve spoken to a lot of people in the banking industry overnight, odd the, they all claim that this today, they all claim that this bank, they engage not only with risky depositors, but risky investments. it wasn t just treasuries, there were many risky things they shouldn t have been doing given who they were dealing with, and many of these depositors were not liquid. of course they were going to collapse. but the biden administration, the policies from the infrastructure bill to the covid relief, trillions of collars which juiced inflation and pushed these not only this