Chapter
Failures of the Banking System
25:50 - 28:33 (02:42)
Discussion of how the banking system is designed to bail out larger banks and ignores smaller investors, creditors, business owners and homeowners; the failures of the Fed and regulations that could have contributed to these issues.
Clips
The current state of the financial system can be attributed to the failures of the Federal Reserve, ineffective regulations, and the relentless lobbying of banks and corporations.
25:50 - 27:07 (01:17)
Federal Reserve
Summary
The current state of the financial system can be attributed to the failures of the Federal Reserve, ineffective regulations, and the relentless lobbying of banks and corporations.
ChapterFailures of the Banking System
EpisodeMaking Cents of SVB’s Collapse With Mark Cuban and Sheila Bair
PodcastThe Problem With Jon Stewart
The FDIC is designed to bail out larger banks and ignores the needs of smaller investors, creditors, and businesses.
27:07 - 28:33 (01:25)
FDIC
Summary
The FDIC is designed to bail out larger banks and ignores the needs of smaller investors, creditors, and businesses. However, if you have insured deposits with a bank that has been around for a long time, there is no cause for concern about its safety and soundness.