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 Turmoil and Accountability
This chapter examines the recent upheavals in the banking sector, focusing on the collapse of major banks like Silicon Valley Bank and First Republic Bank. It critiques government intervention strategies that favor larger institutions while leaving small businesses vulnerable, highlighting a lack of accountability and necessary regulatory reforms. The discussion emphasizes the growing disparities in how financial crises are managed, raising concerns about systemic inequities and the implications for average Americans.
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Transcript
