3/14/23: Bank Stocks Collapse, David Dayen Trashes Bailout Defenders, China Humiliates Biden on Ukraine, Kamala Unpopularity, Lab Leak Poll, Bailout Reveals Rigged System, East Palestine Forgotten, Matt Taibbi Responds to Congressional Smears
Breaking Points with Krystal and Saagar
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Banking Deregulation and Geopolitical Shifts
This chapter examines the regulatory changes impacting major banks following the legislative decisions of 2018, which weakened oversight for institutions with assets over $50 billion. It highlights the paradox of deregulation in the face of recent bank failures and critiques the banking sector's mismanagement and responses to crises. The discussion then expands to international relations, focusing on China's growing influence as a mediator in conflicts and the implications for a shifting global power landscape.
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Transcript
