Breaking Points with Krystal and Saagar 5/1/23: Second Largest Bank Failure In History, Leaked Epstein Docs w/ CIA Director, Charlamagne Trashes "DNC No Debates", SCOTUS Wife Cashes In, WH Correspondents Dinner, Fox Ratings Plunge, Biden Set To Lose NH
May 1, 2023
Seth Hettena, a contributing editor at Rolling Stone and SpyTalk with a knack for investigative reporting on 9/11, dives into gripping discussions. He uncovers shocking connections between Jeffrey Epstein and high-profile political figures, revealing systemic issues within elite networks. The conversation explores the implications of the First Republic Bank's historic failure and the potential CIA ties to 9/11 hijackers. Hettena raises concerns about intelligence accountability, leaving listeners pondering the intersection of power and secrecy.
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Second Largest Bank Failure
- First Republic Bank, the second-largest bank failure in history, was seized by regulators.
- JPMorgan Chase acquired the bank, furthering the trend of "too big to fail".
Too Big To Fail
- The U.S. government's policy since 2008 has enshrined "too big to fail".
- Massive corporations like JPMorgan Chase have become quasi-state entities.
Fed Policy Impact
- The Fed's interest rate hikes hammered First Republic Bank, contributing to its collapse.
- This policy aims to lower wages and increase unemployment, not directly address inflation.