The Rest Is Politics 114. Question Time: Banks in crisis, Imran Khan, and Blair on The Simpsons
Mar 23, 2023
Explore the fallout from the recent banking crisis, highlighting the collapse of Silicon Valley Bank and the panic that ensued. The discussion dives into healthcare strikes and the dissatisfaction within the medical community, and how Labour's childcare policies vary from the government's. Enjoy amusing anecdotes about Conservative MPs and cultural commentary, all while navigating the complexities of political debates. Finally, find a glimmer of hope amidst political turmoil, driven by an engaged youth and evolving activism.
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Credit Suisse Collapse
- The collapse of Credit Suisse was triggered by its credit default swaps (CDS) and a subsequent bank run.
- This highlights the interconnectedness and fragility of the global financial system, similar to the 2008 crisis.
Post-2008 Regulations
- Post-2008 regulations, while intending to increase stability, inadvertently created new vulnerabilities in the banking system.
- Requiring banks to hold more government bonds exposed them to interest rate risks and potential losses during bank runs.
Rory's Rare Swearing
- A listener questions Rory Stewart's swearing habits, noting his generally polite language.
- Stewart admits to swearing on a previous podcast about Iraq, due to the topic's sensitive nature.
