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they make it a bet that pete and others forget and go back to bud light. that is a bet that they are making, that is the wrong bet. now is the time to go back for cavities like anheuser-busch to say moving forward for brands like bud light were not getting political were not quite get involved in the environmental, social governments movement that s not what the customer wants what they want they would have things that bring us together they want humor in the delete delete guys and they want football and the things that bind us together as coequal citizens not necessarily heavy but like involved in political controversies. it s in a political brand out there between democrats and republicans alike. will: the early are, not just this company but they are already political and my belief they won t change until the customer forces a change. i don t know i tend to think people won t forget this time with bud light. a great conversation this morning, thank you for jumping on fox & friend
central bankers. bob was rightly asking, where were the regulators when they made all of these bad bets. the regulators believes as the managers of svb that in fact interest rates were going to go up. that inflation was transitory. they made the wrong bet and the regulators made the wrong bet, too. martha: they saw they made the wrong bet. they talked to goldman sachs what do you think we should do? things are not going our way here. they started selling stock, all of these officers. i m going to get rid of my stock. i don t know what will happen here. i better get out. it looks the good news is what happened with first republican. bob and i would agree on this. tom sowell said there s no solutions, only trade-offs. the trade off is we have a limited backstop or bailout, whichever word you want to use and that prevent as run on the banks like when saw when bob was running his bank. you don t want that.
mismatching with deposits and liabilities. a lot of it had to do with two things. incredibly poor risk management and poor supervision. whoever the regulators were in san francisco should have done a much better job. martha: what do you make of it when you see these videos about like dance parties and the focus, the ceo talking about things, tucker ran a bunch of these. the ceo talking about their diversity program. if that s your money, it s like can you please just bank? it s larger than that. there s this woke economic theory called modern monetary theory that says you can print as much money as you want and no consequences at all. martha: there s not. they made that bet on that woke theory. as larry summers, a democrat said, what worried him the most from 2001 till now when interest rates began going up, these woke
what crazy people will do? that s kind of what you got here? the fact so what they have been doing isn t really what they should be. they don t need to keep raising rates. they might. they might do a quarter point, might do a half point, might do nothing. shouldn t have much difference on what we go from here. the focus on the fed. you know what is interesting, too, if you think about it, whatever people will say about silicon valley bank and they said a lot, if you think about it, this is not analogous to what we had during the meltdown when they had the fancy invest meant vehicles that people would package and sell to unsuspecting investors and one thing fed on itself. if there s any problem with silicon valley, they made a wrong bet and sold treasury notes and bonds at the wrong time. what do you make of that? so that s part of the
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