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FOXNEWS Hannity June 4, 2024 06:25:00

They don t believe the fed. dont they don t believe the treasuryt secretary. they don t thinkgulators that regulators are on top of this. e loomlators are on top of this. e because a looming example ofu ha svb showed us you had a bank that wasn t minding its business, regulators that weren t paying attention. and because o thos two failures, taxpayers are on the lop, on the hook for all of these deposits now thattr are above two hundred and fifty. thousand threshold come. av the president said thatay taxpayers wouldn t have to pay stevayers wouldn t have to pay obviously, that s the truth, steve . moore now, now, come on . what is really concerning about this is the big picture,s the confidence that the markets would have in this. the stock market didn t drop precipitously, buthealth the underlying concern about the health of the banksive on give your perspective on what s going on there. wwell, first of all, brian is exactly right in his analysis. lysis.i just add to that not onr ....

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FOXNEWS Hannity June 4, 2024 06:24:00

75% are worried that a major dow economic downturn is on the way, whilent 50 5% said they will lose everything if it happe happens herens with reaction,e o co-host of the big moneyne showh on fox business,he brian greenberg, and founder of the committee to unleash prosperity, steve moore. gentlemen, thanks for joining us . brian , let s let , stevs start with you. how worried should we be when 30 billion dollars is infused into a bank and the l shares still drop by a major, a major portion? s this is this is extraordinary, jason . i mean, there has been so much money thrown first republics way. and the whole point ofepublic ys to make sure depositors felt abt good about their deposits and investors felt good aboutcon the company and investory.s have said we don t buy it. and if you look at that for loo a second, look at janet yellen up on capitol hill trying to tell people banks aret jane what people are saying is they they deople are saying is they they don t believe the presidenon ....

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FOXNEWS Hannity June 4, 2024 06:28:00

And their priority was reinventing finance, making it climate change sensitive and dii appropriat e. the last thing they cared aboutn was making sure people who put b money inac the bank got it back. and you can see that now because they ran their businesss ,they didn t care about it, didn t even have a chief risk officer last year. they had somebody for dui. they had a diversity officer . they didn t have anybody with the core responsibility of making sure the loans you made o and the investments you made could pay back depositors. that s the problem. this isn t even a complicated l issue. the problem came dowoan t to interest rates went up. everybody in america knew that was going to happen, but t they didn t rug ton their bank e it would ever happen. and that s why taxpayersing to absolutely ended up on the hook for this. yeah. by the way, let me add something to that, iffo i may. go ahead. can i just make one quick point? of course, brian is right, but then the question is , why ....

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FOXNEWS Hannity June 4, 2024 06:27:00

R problem here, too, which is you ref ba actually rewarding a lot of bad behavior by these banks.what s you know, it s stunning to me, brian , is you look underi b the hood. it s not like i veee beeudyingn studying the silicon valley bank, but he s you startt to read about this. ei their members, r boar their board of directors, had d actual banking experience. n th and then you had the head of the bank who is on the federal reserve boariscod there in san francisco with a major conflict of interest. and so , i mean, how does this type of thing happen? and then all of a sudden yo have this explosion of billions of dollars and people. well, how coul have thd that ha well, maybe you didn t play by the rules. rueected les. democratic connected people with the democratic party gettinpeite g super rich jobs, i on the board, cashing big, big money, going on ski tripson t to davos and notmarket actually paying attention to how the market actually works. i ll tell you, it s real simple. wo i ....

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