Podcasts about First Republic

Subscribe to The Realignment to access our exclusive Q&A episodes and support the show: https://realignment.supercast.com/.REALIGNMENT NEWSLETTER: https://therealignment.substack.com/PURCHASE BOOKS AT OUR BOOKSHOP: https://bookshop.org/shop/therealignmentEmail Us: realignmentpod@gmail.comFoundation for American Innovation: https://www.thefai.org/posts/lincoln-becomes-faiDirector Chopra's Anti-Monopoly Summit Remarks: https://www.consumerfinance.gov/about-us/newsroom/prepared-remarks-cfpb-director-rohit-chopra-2023-american-economic-liberties-project-anti-monopoly-summit/Rohit Chopra, Director of the Consumer Financial Protection Bureau and former FTC Commissioner, joins The Realignment. Director Chopra and Marshall discuss the history of America's anti-monopolist tradition, how new FTC Commissioners ended decades of governmental inaction in 2018, the need to aggressively enforce laws on the books, how anti-monopoly policy can create strange ideological alliances, and the lessons from the recent failures of Silicon Valley Bank, Signature Bank, and First Republic.

A Senate hearing on recent bank failures turned into a prickly confrontation between bank executives and lawmakers. Former leadership for Silicon Valley, Signature, and First Republic Banks were hammered by lawmakers about why their banks collapsed. And there wasn't a lot of agreement on the cause. Bank executives blamed the government and the media, while lawmakers blamed mismanagement and greed.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   Silicon Valley Bank made the biggest splash as the first bank to fall with about $210 billion in assets. Signature bank had about $110 billion when it was seized by regulators. They were the third and fourth largest banks in the U.S. so their failures raised huge concerns about the impact on the entire financial system. First Republic went south and teetered for a few months after it lost billions in deposits, and was largely taken over by JPMorgan.   SVB CEO Blamed a Series of “Unprecedented Events”   In a joint session before the Senate Banking Committee, former Silicon Valley Bank CEO Greg Becker pointed a finger at the federal government, saying the bank's failure was the result of a series of “unprecedented events.” He testified that: “With near zero-percent interest rates and the largest government sponsored economic stimulus in history, more than $5 trillion in new deposits flooded into commercial banks. By the end of 2020, SBV had grown 63 percent over the prior year, and in 2021, SVB's assets grew another 83 percent to $212 billion.” (1)   He also pointed out that during the pandemic, when inflation started to become an issue, the Federal Reserve insisted that inflation was “transitory” and that interest rates would remain low.   Massive Bank Run at SVB   The bank's collapse largely happened after a decision to invest more than half of the bank's loan portfolio into fixed-income Treasury securities, when interest rates were low. They are considered “low risk” but they are also impacted by interest rate hikes. When interest rates blew up to fight inflation, the value of SVB's portfolio shrank and that forced the bank to sell at a $2 billion loss. When news spread about the bank's situation, depositors became concerned about accessing their funds and the bank experienced a massive bank run.    Media Misconceptions   Becker also blamed the media for comparing the March 8th failure of Silvergate Bank to Silicon Valley Bank. He told lawmakers that the two banks had completely different business models, and said: “Rumors and misconceptions quickly spread online, culminating on March 9th with the first-ever social media bank run leading to more than $42 billion in deposits being withdrawn from SVB in 10 hours, or $1 million every second.”   Two More Dominoes to Fall   Former Signature Bank Chairman Scott Shay was miffed that his bank was seized by New York State regulators on March 12th. He insisted that the bank would have survived that bank run. He argued: “We were at all times solvent and well-capitalized, and even with the sale of our available-for-sale securities, we still would have remained well capitalized.”   Former First Republic CEO Mike Roffler also blamed social media and news stories for inciting panic among depositors along with technology that allows for fast-paced digital withdrawals. Roffler told lawmakers: “The contagion spread very quickly and panic is very hard to control.” (2)   Lawmakers Blame Mismanagement, Greed   But lawmakers also took the conversation in a different direction, criticizing bank leaders for millions of dollars in bonuses and personal stock sales ahead of the failures. Senator Sherrod Brown ripped into Becker saying: “Workers face consequences, executives ride off into the sunset. Only in corporate boardrooms can you run your business into the ground, take the whole economy along with you and come out ahead. We can't let that happen again.”   Some lawmakers said that bank executives could have reduced the risk by hedging their portfolios, but that they, instead, placed profits ahead of safety. As explained in a Washington Post article, Silicon Valley Bank had financed short-term liabilities with long-term debt. It seemed like a no-brainer when interest rates were low, and to be fair, there was a lot of talk about interest rates remaining low for a very long time. But when the Fed started hiking rates, the value of those Treasurys went down. Lawmakers say the bank could have swapped those longer-term notes for one with shorter-terms that match the duration of the bank's liabilities. But they say the banks didn't do that because it would have been more expensive. (3)   Sharp Words from Some Senators   The session became downright nasty at times. Senator John Kenney of Louisiana had sharp words for what he called SVB's “stupidity.” He told Becker: “You made a really stupid bet that went bad, didn't ya? And the taxpayers of America had to pick up the tab for your stupidity, didn't they?” (4)   He continued saying: “No, this wasn't unprecedented. This was bone-deep, down-to-the-marrow stupid. You put all your eggs in one basket and unless you lived on the International Space Station you could see that interest rates were rising and that you weren't hedged.”   Let's hope we've seen the last of this kind of banking madness. You can read more about this by following links in the show notes at newsforinvestors.com.    I always encourage listeners to hedge their own financial empire with real estate. You can learn how to invest in rental properties at RealWealth. Becoming a member is free and will give you access to all our educational material as well as our investor portal with valuable data on rental markets, sample properties, and help from our investment counselors who can answer your questions. Just hit the “Join for Free” button.   And please remember to subscribe to this podcast!    Thanks for listening! Kathy Fettke   If you're a RealWealth member, just sign into the portal and look for DealCheck under the Resources tab. If you aren't a member, it's free and easy to sign up. And, please remember to subscribe to this podcast!   Thanks for listening! Kathy    Links:   1 - https://commercialobserver.com/2023/05/svb-signature-ceos-blame-federal-govt-media-bank-failures/   2 - https://www.forbes.com/sites/dereksaul/2023/05/17/lawmaker-blasts-first-republic-chief-you-were-one-of-3-worst-run-banks-in-us/?sh=256ad3e18d07   3 - https://www.washingtonpost.com/business/2023/03/15/svb-s-fateful-mistake-could-be-lurking-in-your-401-k/0f139944-c31b-11ed-82a7-6a87555c1878_story.html 4 - https://www.cnn.com/2023/05/17/investing/premarket-stocks-trading/index.html

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing. According to a report from the New York Federal Reserve, the total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period. That took total indebtedness up about $2.9 trillion from the pre-Covid period ending in 2019.In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.They discuss news that famed short-seller Michael Burry and his hedge fund, Scion Asset Management, snapped up 150,000 shares of First Republic prior to its purchase by JP Morgan, worth about $2 million at the end of the first quarter.Chris and Saied look at A Gallup poll indicating that 36% of US adults say they have a “great deal” or a “fair amount” of confidence that the Federal Reserve chairman would do or recommend the right thing for the economy, a precipitous drop which is now at or below his predecessors' as the central bank wages its war against inflation.⁣They also offer some thoughts on recently-released Federal Reserve data, showing that deposits at U.S. banks climbed to $17.16 trillion in the week ended May 3, up about $67 billion, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level.Join Chris and Saied for this fascinating and informative conversation.Enjoy!What You'll Learn in this Show:Why inflaton in Argentina has sped up to 109% as currency weakens before the election.The three steps to a Federal Reserve pivot.Why Warren Buffett and Michael Burry are doubling down in the banking sector.Why the FOMC needs to see inflation going down on a fast enough trend.And so much more...Resources:"With $1B in back rent due, LA landlords struggle to survive" (The RealDeal via Instagram)"Consumer debt passes $17 trillion for the first time" (CNBC via Instagram)"Michael Burry loaded up on bank stocks during the banking crisis" (Bloomberg Business via Instagram)"Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher" (CNBC via Instagram)"Confidence in Jerome Powell has plunged to a record low" (Bloomberg Business via Instagram)"What happens when the prophecy of the blockchain fails?" (Bloomberg Business via Instagram)"U.S. bank deposits rise in early May, lending little changed at record high" (Reuters)"US real estate investors are losing money on roughly 1 in 7 homes they sell — among the worst since 2016. And they're most likely to take a hit...

Greg Baer, the president and CEO of the Bank Policy Institute, takes issue with claims that S. 2155 played a role in the collapse of three regional banks. He also tackles what areas policymakers should look at, whether Congress is likely to enact any legislative changes directed at banks, and why the CFPB is off base when it comes to its proposal targeting credit card late fees.

Alex Konrad of Forbes joins Nick to discuss The Fallout of First Republic and SVB and its Implications on Tech, The Algorithm Behind the Midas List, and Will AI Actually Replace Journalists? . In this episode we cover: What led to the demise of First Republic Bank Venture Capital's response to the Crisis How will the acquisition of First Republic Bank impact investors and venture capitalists How the Midas list is made Differences between the regular Midas list and the Seed list What are the useful use cases for Crypto Is AI coming for people's jobs Guest Links: Twitter LinkedIn Email

Do recent bank failures present an opportunity in the stock market?  We discuss what to watch for and what to watch out for.  Silicon Valley Bank, Signature Bank, First Republic, other regional banks - are there opportunities among the survivors?

This week we discuss a lot of hot topics, another bank failure of First Republic, JP Morgan takeover, what it means for the banking sector, why the market doesn't seem to care, why the rating agencies are acting like it's 2007, updates on the probability of a recession, tech company job losses blamed by Ai, and what Ai means for your job... if anything. Join us for another fun episode of Money Tree Investing Podcast where we grill up Wall Street sacred cows, skewer the pigs, and roast the main stream media hams. Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | ProCollege Planners Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter: https://twitter.com/MTIPodcast

The takeover of First Republic by JPMorgan Chase adds another complication to a local real estate market already hampered by high interest rates, difficulties in financing and low occupancy.And for Bay Area real estate professionals, the San Francisco-based lender's collapse also means the loss of a trusted partner that was critical in helping get deals done, putting mortgages within reach for residents and lending funds at attractive rates to affordable housing programs. First Republic knew the local business assets of the Bay Area “better than anyone else,” said Bora Ozturk, a principal of March Capital Management, a San Francisco-based real estate investment and development firm.Ozturk recalled approaching more than a dozen banks to try and finance the acquisition of a small commercial property and turn it into a specialty food store. First Republic was the institution that made the deal possible, he said.   “They are not a good part of the ecosystem; they were the ecosystem,” Ozturk said. “There was very specialized lending they understood, like the exact business of a local coffee shop in San Francisco.”Support the showSign Up For Exclusive Episodes At: https://reasonabletv.com/LIKE & SUBSCRIBE for new videos every day. https://www.youtube.com/c/NewsForReasonablePeople

Regional banks have come under another wave of stress following the failure of First Republic. Lauren Goodwin and Julia Hermann discuss the potential for ongoing bank stress, and what it means for policy and the economic outlook. 

Have you heard of the recent closure of First Republic Bank? Similar to Silicon Valley Bank, First Republic was placed under FDIC control and then quickly sold. In this episode we'll cover why this happened, who bought First Republic, and what happens next.   Join Me on YouTube! https://www.youtube.com/c/PopcornFinance   Want to submit a question to the show? Send an email to questions@popcornfinance.com Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259   Connect with me Instagram | Twitter | Facebook | YouTube | TikTok   Thank you for listening to today's episode! Help support the show by leaving Popcorn Finance a rating or review on Apple or Spotify!  

John Blizzard, CEO of Seattle Bank, talks about his experiences after the recent regional bank failures and the lack of concern by customers. He also discusses the nationwide launch of CD Valet, which allows consumers unbiased access to the best CD interest rates.

Today's Post - https://bahnsen.co/3HL0cPd There are reports about the White House being open to a short-term debt ceiling increase, and I actually don't doubt the White House would do that, or even that they may be willing to give up some energy permitting reform as a trade-off to getting that done. What I am skeptical about is whether or not the Republicans would agree to that (it is possible, but not assured) and then whether or not Democrats would agree to the energy side of that (I consider that improbable). We shall see. 43 Senate Republicans signed a letter over the weekend supporting the House measure for some spending restraints tied to a debt ceiling hike, so even apart from House blockage, if a clean hike is put forward, it faces a filibuster in the Senate. More and more Democrats are wanting some negotiations to take place. A lot of eyes are on what may or may not happen with FDIC coverage in light of the current regional bank saga: Congress sets the statutory limit on FDIC deposit coverage, not the executive branch and not the FDIC itself. The key word here is “statutory.” There is not a lot of Congressional momentum for broadly increasing FDIC limits, though there probably would be if some legislation came forward with nuances (i.e., company payroll accounts, etc.) The FDIC has the authority to name a bank a “systemic risk” and therefore ensure all of its deposits (as they recently did with Signature Bank and Silicon Valley Bank two months ago, but did not need to do with the First Republic since JP Morgan took over) “Big” banks already have systemic risk classifications (and received various increased regulations out of the Dodd-Frank legislation because of the SIFI classification). The aforementioned labeling of SVB and Signature as “systemic risks” happened ad hoc Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

The show begins with two questions: Will the Fed's recent interest rate hike last week be its last? Has the Fed failed in its inflation objective, given the continuing rise of prices in the US services sector? Discussion then turns to the latest developments in the regional banking crisis with last week's failure of First Republic and new banks new experiencing stock price collapse: PacWest Bancorp, Western Alliance and First Horizon. Rasmus explains why the banking crisis is not over and compares the current bank instability with the prior financial crisis in spring-summer 2008. Why the current bank instability may prove even more serious than 2008. The show concludes with a discussion of 2 key reports issued the past week: the US productivity report showing a decline of -2.7% for Jan-March 2023—the 5th consecutive quarter fall and the longest decline since data began in 1948; And last Friday's most recent jobs report for April showing 253,000 jobs and the unemployment rate continuing to drop. Rasmus explains why the Fed's major focus on the JOLT (10m unfilled jobs) statistic of 10m is grossly inaccurate with half of which ‘ghost' jobs

Our expert hosts, Kate Moody and Benjamin Ensor, are joined by a great guest to talk about the most notable fintech, financial services and banking news from the past week. We cover the following stories from the fintech and financial services space: First Republic: JP Morgan snaps up major US bank - 4:00 Revolut takes on Nubank with Brazil launch and LatAm push - 13:55 An investment fund created by ChatGPT is “smashing” the UK's top 10 most popular funds - 23:50 Australian gamblers to be banned from using credit cards for online betting - 33:35 Microsoft teams up with Stripe, GoDaddy and PayPal for in-meeting payments - 35:18 Microscopic monarch names etched on to coronation coin - 37:40 This week's guests include: Anita Ramaswamy, Columnist, Reuters Breakingviews This episode is sponsored by Thredd Global Processing Services (GPS), the payments platform trusted by the leading issuers to process billions of transactions a year, has changed their name to Thredd. Why Thredd? Thredd, because their tailored payment processing solutions are the thread that connects payments innovators of the future. Thredd, because they are true partners, becoming part of the fabric of your business as it grows. And Thredd because it just feels right. Find out more at Thredd.com. (https://www.thredd.com/?utm_source=newsletter&utm_medium=email&utm_campaign=bitesize+thredd&utm_id=11fs) Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It's hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guest: Anita Ramaswamy.

Felix Salmon, Emily Peck, and Elizabeth Spiers talk about the failure of First Republic Bank, the (maybe) end of interest rate hikes, and how the shopping app Temu is shaking up e-commerce. Also, a more humane approach to chickens. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You'll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Felix Salmon, Emily Peck, and Elizabeth Spiers talk about the failure of First Republic Bank, the (maybe) end of interest rate hikes, and how the shopping app Temu is shaking up e-commerce. Also, a more humane approach to chickens. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You'll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Felix Salmon, Emily Peck, and Elizabeth Spiers talk about the failure of First Republic Bank, the (maybe) end of interest rate hikes, and how the shopping app Temu is shaking up e-commerce. Also, a more humane approach to chickens. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You'll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Felix Salmon, Emily Peck, and Elizabeth Spiers talk about the failure of First Republic Bank, the (maybe) end of interest rate hikes, and how the shopping app Temu is shaking up e-commerce. Also, a more humane approach to chickens. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You'll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Felix Salmon, Emily Peck, and Elizabeth Spiers talk about the failure of First Republic Bank, the (maybe) end of interest rate hikes, and how the shopping app Temu is shaking up e-commerce. Also, a more humane approach to chickens. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You'll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday, First Republic Bank folded before being sold by regulators to JPMorgan Chase. At the time, it was the 14th largest bank in the U.S. and it is the second-largest American bank by assets to ever collapse. The story of First Republic's fall is similar to that of Silicon Valley Bank and Signature before it – the value of the bank's assets began to plummet as the Fed raised interest rates to fight inflation, causing a crisis of confidence among investors and depositors. This is exactly the kind of situation that the economic historian Adam Tooze warned of when he came on the show in October of 2022. In that conversation, Tooze argued that the Fed's interest rate hikes were “shaking the entire system” – putting pressure on every level of the global financial system, from regional banks to countries that borrow on the U.S. dollar. It would only be a matter of time, he predicted, before things started breaking. Well, things are certainly breaking now, and it's very possible there's more to come. The Fed decided to raise interest rates once again on Wednesday, bringing them above 5 percent for the first time in more than 15 years. So it felt like the right time to revisit our conversation about the fragile, uncertain future of the global economy at this history-making moment and the Fed's role in it. We also discuss what the British financial market meltdown means for the rest of the world, how the interest rate hikes in rich countries export inflation to other countries, the looming possibility of a global recession, why Tooze believes the confluence of high inflation, rising interest rates and high levels of debt points to an economic “polycrisis” unlike any the world has seen, why countries in South Asia are experiencing a particularly severe form of polycrisis, how the Fed should weigh its mandate to bring down inflation against the global consequences of its actions, why he believes analogies to the American inflationary period of the 1970s are misguided and more.Editor's note: Due to a technical error, a previous version of this episode featured the wrong audio file. The episode is now updated with the correct audio.Mentioned:“Slouching Towards Utopia by J Bradford DeLong — fuelling America's global dream” by Adam ToozeBook recommendations:The Neapolitan Novels by Elena FerranteYouthquake by Edward PaiceSlouching Towards Utopia by J. Bradford DeLongThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma. Fact-checking by Michelle Harris, Rollin Hu, Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld. Audience strategy by Shannon Busta. Special thanks to Kristin Lin, Kristina Samulewski, Jason Furman, Mike Konczal and Maurice Obstfeld.

Tony Arterburn, WiseWolf.goldAnother 5 oil producing countries abandon dollar and move to join BRICS. Another bank failure pops up before First Republic carcass can be picked over by JP Morgan. And a major ally, dependent on US for protection moves on from the US dollar.Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

The shares of multiple regional banks slid today amid new tremors in the industry following the collapse of First Republic. But bank failures and consolidation are actually somewhat normal. So what’s a regional bank to do? And what are investors and depositors to make of all this? Then, how JPMorgan CEO Jamie Dimon became a banking industry heavyweight and why a bump in Federal Deposit Insurance Corp. coverage seems unlikely right now.

The shares of multiple regional banks slid today amid new tremors in the industry following the collapse of First Republic. But bank failures and consolidation are actually somewhat normal. So what’s a regional bank to do? And what are investors and depositors to make of all this? Then, how JPMorgan CEO Jamie Dimon became a banking industry heavyweight and why a bump in Federal Deposit Insurance Corp. coverage seems unlikely right now.

The Federal Reserve raises interest rates for the tenth time in 11 months, and Chairman Powell says the banking panic is over. But investors are still punishing midsize banks after the First Republic failure. Plus, who'll blink first in the debt-limit showdown? Learn more about your ad choices. Visit megaphone.fm/adchoices

OUTLINE of today's show with TIMECODES Alleged drone attack, assassination attempt of Putin at the Kremlin — real or false flag? It really doesn't matter since either way, it will mean escalation Leaked Pentagon documents show intel agency, not Zelensky, is running the country. 5:11Ukrainian banking oligarch offered cash for drone attack. 8:15 NATO warns russia could target undersea pipelines - a tacit admission that Russia did not blow up NordStream 1/2. 27:57 Eighth graders "don't know much about history" (or anything else) and what they "know" is wrong 34:40 Maybe the question for the left is "What is a minor?" 37:55 Viral video shows what it looks like when "the village" thinks they own your child 41:23 Government has a role in protecting children from mutilation, sterilization, and porn but are conservatives about to start playing "parent" on the internet. As LGBT identification by children is exploding, maybe they should clean up the schools first 44:48 Biden state department offers $500,000 to promote professional development of transgender youth. 52:49 US Navy has a "Bud Light" moment. Brings a drag queen into a recruitment video for the Navy. 54:42 The Creation of Transgenderism: Who Formulated the Agenda & Framework? The conference that was to transgenderism what the In 2006, in one conference, the globalist agenda and legal framework for transgenderism was formulated. What is it? Who's behind it? How is it being used? 1:00:24 INTERVIEW De-dollarization Spreads as IMF Admits & Major US Ally Abandons Dollar Tony Arterburn, WiseWolf.gold Another 5 oil producing countries abandon dollar and move to join BRICS. Another bank failure pops up before First Republic carcass can be picked over by JP Morgan. And a major ally, dependent on US for protection moves on from the US dollar. 1:33:18 INTERVIEW Major Escalations in Both War and Financial CollapseGerald Celente, TrendsJournal.com. Imagine if there were a drone attack on White House? What would our response be? Will war come to us as attacks on infrastructure?And as the Fed continues to attack our economy, the plandemic chickens come home to roast in the financial system while workers stay home. Banking crisis, too big to fail banks coming home. 2:02:34 Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

First Republic failed this week. Did that mean Powell and the Fed would pause their hikes? Absolutely not. NLW covers the "Hawkish Pause" press conference and the 25 bps interest rate raise.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

Tony Arterburn, WiseWolf.goldAnother 5 oil producing countries abandon dollar and move to join BRICS. Another bank failure pops up before First Republic carcass can be picked over by JP Morgan. And a major ally, dependent on US for protection moves on from the US dollar.Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

OUTLINE of today's show with TIMECODES Alleged drone attack, assassination attempt of Putin at the Kremlin — real or false flag? It really doesn't matter since either way, it will mean escalation Leaked Pentagon documents show intel agency, not Zelensky, is running the country. 5:11Ukrainian banking oligarch offered cash for drone attack. 8:15 NATO warns russia could target undersea pipelines - a tacit admission that Russia did not blow up NordStream 1/2. 27:57 Eighth graders "don't know much about history" (or anything else) and what they "know" is wrong 34:40 Maybe the question for the left is "What is a minor?" 37:55 Viral video shows what it looks like when "the village" thinks they own your child 41:23 Government has a role in protecting children from mutilation, sterilization, and porn but are conservatives about to start playing "parent" on the internet. As LGBT identification by children is exploding, maybe they should clean up the schools first 44:48 Biden state department offers $500,000 to promote professional development of transgender youth. 52:49 US Navy has a "Bud Light" moment. Brings a drag queen into a recruitment video for the Navy. 54:42 The Creation of Transgenderism: Who Formulated the Agenda & Framework? The conference that was to transgenderism what the In 2006, in one conference, the globalist agenda and legal framework for transgenderism was formulated. What is it? Who's behind it? How is it being used? 1:00:24 INTERVIEW De-dollarization Spreads as IMF Admits & Major US Ally Abandons Dollar Tony Arterburn, WiseWolf.gold Another 5 oil producing countries abandon dollar and move to join BRICS. Another bank failure pops up before First Republic carcass can be picked over by JP Morgan. And a major ally, dependent on US for protection moves on from the US dollar. 1:33:18 INTERVIEW Major Escalations in Both War and Financial CollapseGerald Celente, TrendsJournal.com. Imagine if there were a drone attack on White House? What would our response be? Will war come to us as attacks on infrastructure?And as the Fed continues to attack our economy, the plandemic chickens come home to roast in the financial system while workers stay home. Banking crisis, too big to fail banks coming home. 2:02:34 Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

Episode 52: Neal and Toby discuss the future of regional banks amidst the failure of First Republic and stock free fall of Western Alliance and PacWest. They also breakdown the Hindenburg report on Icahn Enterprises that erased a fifth of the company's value. Plus, why Pornhub blocked access to it's site in Utah and why the US Surgeon General is declaring loneliness the new epidemic. And finally, Forbes released the list of the highest paid athletes in 2023, why a surprising number of them have a connection with... the Middle East. Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice Listen Here: https://link.chtbl.com/MBD Watch Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Prepare yourself… I have a couple of rants to get off my chest today.   I'm recording this podcast before today's Fed meeting, where central bankers are expected to raise interest rates by 25 basis points, then hint at pausing rate hikes.   I cut through the B.S. and explain why an end to rate hikes won't save us now.   The biggest story in the market right now is the banking crisis. I share some quotes that show how bank CEOs have been lying through their teeth about the state of the banking sector—including JPMorgan's Jamie Dimon. The whole thing reminds me of a scene from The Naked Gun.   I break down the sweetheart deal JPMorgan got by taking over First Republic… and pose an important question for all investors to consider about regional banks.   While the Fed refuses to admit it, it's bailing the sector out. I rant about why the Fed's actions will lead to a lot more pain… and how banks don't actually give a s*** about their clients.   Make sure to tune into WSU Premium tomorrow—Daniel and I will deep-dive into the banking sector… the state of the consumer… earnings estimates… and all the market risks we're currently facing. (Subscribe to WSU Premium at WSUoffer.com)   I end the show by sharing the best way to protect yourself—and profit—from this dangerous market scenario.   A pause in the Fed's rate hikes won't save us [1:40] These bank CEOs lied through their teeth [3:30] Jamie Dimon's comments remind me of The Naked Gun [9:50] The FDIC's bailouts encourage bad behavior [18:30] Don't miss tomorrow's episode of WSU Premium (Subscribe at WSUoffer.com) [20:35] How to profit in this market environment [28:30]   Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/   Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/   Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

RIP First Republic. Nicole breaks down why First Republic failed, how the pieces are being picked up, and what it means for First Republic customers and investors. For a pulse check on your local bank, check their Weiss rating here: https://weissratings.com/

On today's show, we discuss never shorting junk food, a purgatory market, why spending isn't slowing down, our first mortgage rates, the First Republic takeover, and much more!   This episode is sponsored by Simplify. Learn more about Simplify ETFs at: https://www.simplify.us/etfs/svol-simplify-volatility-premium-etf   Find complete shownotes on our blogs... Ben Carlson's A Wealth of Common Sense Michael Batnick's The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.   Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/

The FDIC chips in $50 billion to help JPMorgan Chase buy flailing First Republic Bank. Black farmers are waiting for loan relief that was promised years ago. And a study shows ChatGPT conveys more empathy to medical patients than human doctors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kara and Scott discuss the recent warnings from one of the “Godfathers of AI,” as well as the potential writers' strike. Then, J.P Morgan keeps getting bigger with its latest acquisition: First Republic. Elon Musk says Twitter will let media publishers charge for articles. Also, does anybody have a Bluesky referral code? And we're joined by Friend of Pivot, Joelle Emerson, to break down how recent layoffs have affected corporate diversity. You can find Joelle at @joelle_emerson on Twitter. Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

I joined CBS Mornings to discusses the decline and fate of First Republic Bank and the Federal Reserve's report of what went wrong with Silicon Valley Bank. Have a money question? Email us here Subscribe to Jill on Money LIVE YouTube: @jillonmoney Instagram: @jillonmoney Twitter: @jillonmoney "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

The turmoil in the banking industry isn't over yet. Today, First Republic Bank was seized, following the failures of Signature Bank and Silicon Valley Bank back in March. How did we get here? And how do we prevent banks from failing in the future? A show-stopping mea culpa from the Federal Reserve provides some answers. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

On Monday morning, the federal government took over a third failing bank — this time, First Republic.Jeanna Smialek, an economy correspondent for The Times, discusses whether we are at the end of the banking crisis, or the start of a new phase of financial pain.Guest: Jeanna Smialek, an economy correspondent for The New York Times.Background reading: First Republic bank was seized by regulators and sold to JPMorgan Chase.Key takeaways from regulatory review of bank failures.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

On today's show……Texas Manhunt still ongoing, Russia still bombing Ukraine, horrific dust storm in Illinois, Satanists Vs Nazis, Woman has orgasm mid opera, The US probably has alien tech & mermaid statue in Italy with a phat ass and tits. (00:03:07) How the boys are doing ☕ Cup of Coffee in the Big Time ☕ (00:05:02) Manhunt for Texas shooting suspect runs into "dead end"; authorities offer $80K reward (00:10:01) Russia launches deadly wave of missile attacks on Ukraine cities (00:10:16) JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008 (00:10:30) Six dead, dozens injured after dust storm causes "horrific" pile-up on Illinois' I-55 (00:10:39) Met Gala 2023 (00:11:40) 'SatanCon 2023': Masked Neo-Nazis crash world's largest satanic event (00:16:44) Tensions rise in Hollywood as potential writers' strike hangs over productions on final day of contract talks

First Republic on Monday became the second largest bank to fail in U.S. history. Since March, we've seen three of the four biggest U.S. bank failures ever. So what's wrong with our banking system? Plus, a warning on the debt ceiling. And, why allergy seasons are getting worse, and how to cope. Guests: Axios' Felix Salmon and Arielle Dreher. Credits: Axios Today is produced by Niala Boodhoo, Alexandra Botti, Robin Linn, Fonda Mwangi and Ben O'Brien. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: The lingering banking problem JPMorgan Chase CEO: We're getting a "very clean bank" U.S. may hit debt ceiling as early as June 1, Janet Yellen warns Learn more about your ad choices. Visit megaphone.fm/adchoices

Krystal and Saagar discuss Biden blinking on the Debt standoff with McCarthy, the 'Godfather Of AI" making public calls to shut down development, Republicans develop their first AI political attack ad, ChatGPT nukes Chegg's 'Homework' Business, DeSantis freaks when questioned over allegations he took part in torture at Guantanamo, how the Disney lawsuit is a dangerous corporate power grab, revelations that the 2023 bank failures are bigger than 2008, JP Morgan and Jamie Dimon become way too big to fail with purchase of First Republic, polls show that Americans overwhelmingly blame the Media for the country's division, leaked video from Tucker shows him shredding Fox Nation live streaming, Vice News being weeks from bankruptcy, Saagar looks into how the Covid natural origin theories fall apart, Krystal looks into the Commercial Property Debt Bomb that could destroy the economy, and we're joined by filmmaker James Fox to discuss his documentary "Moment of Contact" and reveal new video evidence concerning a potential alien encounter in Brazil. To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/ To listen to Breaking Points as a podcast, check them out on Apple and Spotify Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623   Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl   Merch: https://breaking-points.myshopify.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for May 2. Shares of regional banks fell sharply on Tuesday. The declines come after First Republic struck a deal to sell the bulk of its operations to JPMorgan Chase and before an expected rate-hike decision from the Federal Reserve. Plus, WSJ economics reporter Harriet Torry discusses President Biden's record on the economy, as he launches his re-election bid. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unsung hero of the financial system or enabler of failing banks? Today on the show, how the Federal Home Loan Bank system, originally designed to support homeownership and affordable housing, ended up loaning billions to failing banks like First Republic.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

The Rich Zeoli Show- Hour 1: 3:05pm- According to The Wall Street Journal Editorial Board, the Biden Administration is seeking to implement a new rule which “will raise mortgage fees for borrowers with good credit to subsidize higher-risk borrowers. Under the rule, which goes into effect May 1, home buyers with a good credit score over 680 will pay about $40 more each month on a $400,000 loan, and upward depending on the size of the loan. Those who make down payments of 20% on their homes will pay the highest fees. Those payments will then be used to subsidize higher-risk borrowers through lower fees.” You can read the full editorial here: https://www.wsj.com/articles/upside-down-mortgage-policy-212fd736 3:15pm- In response to the expiration of Title 42, President Joe Biden announced that he will dispatch 1,500 active-duty military personnel to the U.S. Southern Border to help prevent illegal border crossings from surging. 3:30pm- Flashback: During an interview with Ezra Klein in 2015, Senator Bernie Sanders (D-VT) said he vehemently opposed “open-borders” and claimed it was a right-wing proposal being supported by the Koch brothers—alleging that Republicans wanted relaxed border security in order to drive down the cost of labor and, subsequently, enhance the profits of large corporations. How has the Democrat party changed its stance on border security so drastically in just 8 years? 3:50pm- Flashback: In 2018, in response to the Trump Administration's decision to send troops to the U.S. Southern Border, then-Senator Kamala Harris claimed the act was “inappropriate” and “political”—so, then why is the Biden Administration doing the very same thing now? Was Harris simply attempting to politicize the issue in 2018? 4:05pm- During the Senate Judiciary Committee's hearing on Supreme Court Ethics Reform, Sen. Ted Cruz (R-TX) stated that the hearing's primary intention was to destroy the reputation of ideologically conservative Justices—specifically Justice Clarence Thomas. Sen. Cruz also condemned Senate Democrats for attempting to reduce funding for Justice security even after the attempted assassination of Justice Brett Kavanaugh following the release of a leaked draft of the court's decision in Dobbs v. Jackson Women's Health Organization, which ultimately upended Roe v. Wade. 4:15pm- The Wall Street Journal's Editorial Board writes, “Senate Democrats are holding another hearing on ‘Supreme Court Ethics Reform'…and it's important to understand that this isn't about ethics at all. This is another front in the political campaign to delegitimize the Supreme Court, with a goal of tarnishing its rulings and subjecting it to more political control.” You can read the full editorial here: https://www.wsj.com/articles/supreme-court-ethics-reform-hearing-senate-democrats-john-roberts-clarence-thomas-ketanji-brown-jackson-sonia-sotomayor-d0304d65?mod=opinion_lead_pos1 4:30pm- Nicholas Tomaino—Assistant Editorial Features Editor at The Wall Street Journal—joins The Rich Zeoli Show to discuss his latest editorial, “Politico Aims at Gorsuch and Misses.” Politico's Heidi Przybyla alleges that the sale of a property linked to Neil Gorsuch amounts to an ethics problem for the Supreme Court Justice. But as Tomaino points out, Justice Gorsuch disclosed the transaction and “didn't own the property directly. Rather, he held a 20% share in Walden Group LLC, a company he and two partners formed when they bought the house in 2005, before Mr. Gorsuch was a judge. The company listed the property for sale in 2015, asking $2.495 million, and sold it to Mr. Duffy two years later for $1.825 million.” So where is the ethics problem? You can read Tomaino's full editorial here: https://www.wsj.com/articles/politico-aims-at-gorsuch-and-misses-disclosure-colorado-ethics-reform-durbin-87a4fc50?mod=opinion_lead_pos7 4:55pm- During a recent episode of his podcast, Joe Rogan suggested that former Fox News host Tucker Carlson should appear on the online video platform Rumble. 5:05pm- The Drive at 5: President of Thomas Jefferson University Dr. Mark Tykocinski was reprimanded via email by the institution's Chief Executive Officer Joseph Cacchione for “liked” Tweets that questioned the efficacy of gender affirming surgeries for children. Should Dr. Tykocinski have been forced to apologize? Zeoli notes that it appears academia now only accepts dangerous versions of “group think.” 5:20pm- The Mystery Movie Clip: Rich forgets to ask caller twelve for the name of the film… 5:40pm- According to a new poll from the Harvard Kennedy School of Government, young Democrats are abnormally depressed.   6:05pm- According to a report from channel 8 WISH-TV in Indiana, Councilmember Ryan Webb has announced that he will now be identifying as a “lesbian woman of color.” Webb appeared on Fox News with Jesse Kelly to explain his decision to be his “true self” publicly for the first time. 6:30pm- In response to the collapse of First Republic Bank, White House Press Secretary Karine Jean Pierre stated the Biden Administration is very confident there will be no more banking failures. Rachel Louise Ensign and Ben Eisen of The Wall Street Journal write, “[r]egulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis. JPMorgan said it will assume all of First Republic's $92 billion in deposits—insured and uninsured. It is also buying most of the bank's assets, including about $173 billion in loans and $30 billion in securities.” You can read Ensign and Eisen's full report here: https://www.wsj.com/articles/first-republic-bank-is-seized-sold-to-jpmorgan-in-second-largest-u-s-bank-failure-5cec723 6:45pm- On Tuesday, Interior Secretary Deb Haaland testified at a Senate Energy and Natural Resources Committee hearing where she seemingly claimed there were too many jobs in America for “blue collar workers.” Senator Josh Hawley (R-MO) questioned Sec. Haaland about the Biden Administration's “clean energy” agenda and its habit of promoting reliance upon foreign nations for the mining of precious metals and minerals necessary for the development of batteries used in electric cars.

The Rich Zeoli Show- Hour 4: According to a report from channel 8 WISH-TV in Indiana, Councilmember Ryan Webb has announced that he will now be identifying as a “lesbian woman of color.” Webb appeared on Fox News with Jesse Kelly to explain his decision to be his “true self” publicly for the first time. In response to the collapse of First Republic Bank, White House Press Secretary Karine Jean Pierre stated the Biden Administration is very confident there will be no more banking failures. Rachel Louise Ensign and Ben Eisen of The Wall Street Journal write, “[r]egulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis. JPMorgan said it will assume all of First Republic's $92 billion in deposits—insured and uninsured. It is also buying most of the bank's assets, including about $173 billion in loans and $30 billion in securities.” You can read Ensign and Eisen's full report here: https://www.wsj.com/articles/first-republic-bank-is-seized-sold-to-jpmorgan-in-second-largest-u-s-bank-failure-5cec723 On Tuesday, Interior Secretary Deb Haaland testified at a Senate Energy and Natural Resources Committee hearing where she seemingly claimed there were too many jobs in America for “blue collar workers.” Senator Josh Hawley (R-MO) questioned Sec. Haaland about the Biden Administration's “clean energy” agenda and its habit of promoting reliance upon foreign nations for the mining of precious metals and minerals necessary for the development of batteries used in electric cars.

The news to know for Monday, May 1, 2023! We'll update you about flooding impacting almost all areas in the U.S. in different ways and the reason behind what's now the biggest strike in Canada in decades. Also, it's another failed bank. Why the government is taking over and what's expected to happen next. Plus, we're explaining the rising trend of reverse ATMs, the White House Correspondents' Dinner, and the Met Gala. See sources: https://www.theNewsWorthy.com/shownotes Sign-up for our bonus weekly email: https://www.theNewsWorthy.com/email Become an INSIDER and get ad-free episodes: https://www.theNewsWorthy.com/insider Thanks to our sponsors: Castle Flexx: https://www.CastleFlexx.com (Listen for the discount code) Better Help: https://www.BetterHelp.com/newsworthy To advertise on our podcast, please reach out to sales@advertisecast.com

Banking giant JPMorgan Chase is taking over the failed First Republic Bank, but not without some guarantees. Turns out the deal was sweetened by the FDIC agreeing to be responsible for certain First Republic losses. Plus, what small banks are making of the turmoil. Then, FTC Chair Lina Khan on AI regulation and taking on powerful companies.

Krystal and Saagar discuss First Republic bank being seized by regulators and sold to JPMorgan Chase, Charlie Munger's dire banking system warning, leaked documents showing Epstein met multiple times with the CIA Director, Noam Chomsky, and others, Wall Street bankers joking about Epstein's Child Trafficking, a Biden voter is speechless on 2024 support, Charlmagne trashes the DNC for not hosting debates between candidates, Chief Justice Roberts' Wife cashes in on SCOTUS connections, Krystal and Saagar react to the White House Correspondents Dinner, Saagar looks into how Fox News ratings have plunged after Tucker's departure, Krystal looks into how Biden is set to lose New Hampshire to RFK, Marianne, and we're joined by Seth Hettena to discuss his reporting on how the FBI suspects 9/11 Hijackers were CIA assets. (Seth's article: https://www.spytalk.co/p/exclusive-fbi-agents-accuse-cia-of) To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/ To listen to Breaking Points as a podcast, check them out on Apple and Spotify Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623   Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl   Merch: https://breaking-points.myshopify.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

First Republic is the third US bank to collapse in the last two months. Also: aid agencies warn of an escalating humanitarian disaster in Sudan, and how artificial intelligence can help detect early-stage lung cancer.

Las Vegas has pulled off an epic pivot: From sin city to family fiestas. First Republic Bank's stock has plummeted 99%, and all the options to handle the crisis are bad. And Wendy's is bringing its chili to aisle 6 because grocery stores have become the Garden of Eden of American Capitalism. $FRB $LVS $WEN Want merch, a shoutout, or got TheBestFactYet? Go to: www.tboypod.com Follow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypod And now watch us on Youtube Learn more about your ad choices. Visit podcastchoices.com/adchoices

First Republic Bank stock is down 97% in 2023, and this afternoon a takeover by the Federal Deposit Insurance Corp. looked imminent. Thing is, short sellers have made more than $1 billion betting that First Republic would fall. Is that good for financial stability? Plus, we’ll look into the “We buy ugly houses” business and discuss how new economic data will influence the Federal Reserve’s next move.