Transcripts for BBCNEWS Newscast 20240604 01:47:00 : compare

Transcripts for BBCNEWS Newscast 20240604 01:47:00

giants _ funded it from the energy giants. that's a different choice _ giants. that's a different choice that labour would make compared to the conservatives. i compared to the conservatives. i have _ compared to the conservatives. i have just _ compared to the conservatives. i have just remembered we were talking about fiscal drag a few minutes ago. the conversation from a few days ago, the lesser known sibling of fiscal drag — moral hazard. known sibling of fiscal drag - moral hazard.— moral hazard. that banking crisis. taking _ moral hazard. that banking crisis. taking us _ moral hazard. that banking crisis. taking us back- moral hazard. that banking crisis. taking us back to - moral hazard. that banking . crisis. taking us back to 2008. someone — crisis. taking us back to 2008. someone mentioned it in the context of the whole row about the silicon valley bank on the west coast of america.- west coast of america. that's the argument _ west coast of america. that's the argument made, - west coast of america. that's the argument made, you - west coast of america. that's| the argument made, you can't bail out — the argument made, you can't bail out someone. you need to allow— bail out someone. you need to allow things to fail.— allow things to fail. would you rive the allow things to fail. would you give the government - allow things to fail. would you give the government credit. allow things to fail. would you j give the government credit for wrapping up the whole silicon valley bank over a weekend and no cost at the taxpayer? l no cost at the taxpayer? i welcome the fact that hsbc have taken _ welcome the fact that hsbc have taken on — welcome the fact that hsbc have taken on the clients. i hope it's the _ taken on the clients. i hope it's the end of the matter. i have — it's the end of the matter. i have been following what has been — have been following what has been happening at credit suisse this week. �* , this week. and the 'ittery marketsfi this week. and the 'ittery markets around _ this week. and the jittery markets around the - this week. and the jittery l markets around the world. hopefully now the swiss government has stepped in with, you know. — government has stepped in with, you know, a huge deal with credit—

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