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Keith breaks down why global crises, geopolitical shocks, and nonstop "doom" headlines haven't stopped stocks and real estate from reaching near all-time highs, and what that means for investors focused on inflation-resistant assets.  He also discusses Memphis as a surprising cash-flow market poised to benefit from the AI boom, sharing details on an upcoming webinar with Mid South Homebuyers.  Keith is joined by real estate investor and educator Jared Garfield to unpack the "Seven-Figure Solution," a strategy that combines cash-flowing rentals with tax-advantaged life insurance to create liquidity, reduce risk, and support long-term retirement income.  Together, they explore how disciplined portfolio growth, smart leverage, and coordinated tax planning can help real estate investors better align their assets with their long-term financial goals. Episode Page: GetRichEducation.com/619 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold  0:02   Welcome to GRE. I'm your host Keith Weinhold. The world is about to end again. It's the economic disaster that never arrives. I'll break it down. Then you've been earning money and investing well all these years. How does it all go together? It can culminate in the seven-figure solution, it's about seeing your future today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. And September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Homebuyers, the largest turnkey company in Memphis with more than 6,000 homes under management, for a free live webinar, the likes of which I've never done before, we're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth again that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:39   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:55   Welcome to GRE from Kankakee, Illinois, to Cherokee, Iowa, and across 188 nations worldwide. I'm Keith Weinhold. This is Get Recid Education, and the world is about to end. Even if you survive, your portfolio surely won't. Oh, jeez. At least that's the impression you get from mass media and what I'll call the Doom Scroll Industrial Complex. Fear creates urgency. Urgency attracts eyeballs. Eyeballs attract ad dollars. And I guess that using a slogan like "everything will probably be fine" well, that's never been a great ratings strategy. Now, can what has happened since 2020. Just this cheery little sequence: COVID, then Ukraine, Israel, Gaza, tariffs, and then the war in Iran. All that just since 2020. I mean, that right there sounds less like an economic timeline and more like a movie plot, or that the world is repeatedly spinning the wheel of misfortune. Yet after all of that, what is the result? Both stocks and residential real estate are near all-time highs. Apparently, the apocalypse has been postponed yet again-at least economically speaking. Now let's zoom out and break down these threats and a few more, all just since 2020, because 2020 is the year where, of course, you had the COVID-19 pandemic, economic shutdowns, the fastest major stock bear market in history, supply chain breakdown. You saw empty shelves, and there was unprecedented government intervention from the Paycheck Protection Program to stimulus checks to mortgage loan forbearance. Then, in 2021 and 2022, you had post-COVID inflation and supply shortages. Now, this was more of a result, not strictly geopolitical, but a major investment threat, and that led to aggressive interest rate hikes. From 2022 to the present, you have Russia's invasion of Ukraine, energy and food shocks came from that, sanctions, instability over in Europe, and really a heightened nuclear risk in 2023. You had the U.S. regional banking crisis. Remember SVB, yes, Silicon Valley Bank, Signature Bank, First Republic. They raised fears of a financial contagion that would spread like fat. Than a secret in a small town, it actually made me buy some gold. From 2023 to the present, you had the Israel-Hamas war and this broad Middle East instability, Hezbollah attacks, Houthi attacks, Red Sea shipping disruptions. It's almost like a geopolitical group project. And then from 2025 to the present, you have renewed U.S. tariffs and a global trade war, and this year you have the U.S.-Israeli war with Iran and the Strait of Hormuz disruption. That is the biggest current geopolitical investment threat because it combines all of these things: war, oil disruption, inflation, higher interest rates, and a recession risk. So it's a lot like this particularly unpleasant smoothie that's been blended together.   Keith Weinhold  5:55   All right. Well, all of that-that is just an absurd amount of uncertainty and disruption only since 2020, and though major markets are at all-time highs in the face of this, let's acknowledge that some were hurt here, like apartment building owners vulnerable to interest rate resets, and certain commercial sectors like office. Even worse, let's be sensitive to the fact that COVID in wars have resulted in a real loss of life. GRE's enduring strategy of primarily owning long-term residential rentals with fixed-rate debt has been comparatively really resilient. In fact, these calamities-they probably made you better off from the inflation that it has spurred. More people work from home. Well, that means that they're consuming our product while higher inflation debased our debt and jacked up our property values and our rents. And you know somehow every. single generation thinks that their collection of crises is uniquely terrifying, and it is not. And what do I mean by this? Well, in the 1980s, people feared war with the Soviet Union, the Cold War. A global population explosion so bad that millions or billions of people would surely die from hunger. You had the AIDS crisis. You had a hole in the ozone layer. Well, all those things. Virtually zero investors make decisions based on that stuff: an imminent Soviet attack or mass starvation from overpopulation. There is one thing that is 100% certain here, and that is that more shocks are coming. In case you don't want to sleep well, you can get worked up over the certainty of future calamities, artificial intelligence is making cyber attacks faster and more scalable. AI has even created entirely novel viruses. A confrontation between China and Taiwan that could create risk in the semiconductor space.   Keith Weinhold  8:18   A blockade that might disrupt the world's advanced chip supply, creating more inflation and more uncertainty. Here is what's changed, though, for what investors care about. You know what has changed with today's set of calamities versus those of the 1980s and earlier, because there is something, and it's a big deal for investors. Here's what's changed: recent history shows that the government does more to intervene during disasters, stimulus checks, liquidity programs where they're printing trillions, bailouts, pushing interest rates down to almost zero, quantitative easing. How about a foreclosure moratorium? Anything you know during COVID, it was a lot of these things, and it was the CARES Act, and it was a student loan payment pause. I mean, the Federal Reserve even set up emergency credit facilities. We now know that when the economic building catches fire, policymakers they rarely stand around admiring the flames. They just flood the place with currency. So the best investors they keep prudently building real estate portfolios in the face of risk, not the absence of risk, because the latter does not exist. This incessant government intervention, whether you agree with it or not, it gives you more safety cushions the next time that things fall apart. That's why what appears risk. Is still risky, but less so. So there is more incentive to take on prudent risk than I've ever seen. You know, no politician wants America to fall apart under their watch. So increasingly, they'll just paper over the problem by printing, printing, printing, and then, therefore, the resultant inflation, the consequence of this, that can be dealt with under the next president's watch, not theirs. In fact, future calamities they almost make you want to own scarce real assets that benefit from inflation, not a hedge, a benefit. Trying to time every war, election, banking crisis, tariff announcement, virus, and Fed decision. Trying to time all of those things-that is usually ineffective. You either own more assets, or you get left behind in everything that's happened since 2020. That just underscores this. In fact, Berkshire Hathaway, the closely watched company that Warren Buffett ran for a long time, but he still has influence in.   Keith Weinhold  11:16   You know, they recently began moving out of cash and into assets, they ended their long net selling stretch. In fact, in the latest quarter ended, they've now done the most buying that they've done since early 2022. They have jumped back in the game. It appears that Berkshire Hathaway got tired of sitting on the sidelines and seeing others make gains, and they're pretty bullish on housing too. They bought a home builder. The bottom line here is that shocks are going to keep arriving, and yet productive assets and well-financed residential real estate has repeatedly survived them and just continued appreciating. Don't wait for a risk-free world because you'll wait forever. When you evaluate all these calamities, just since 2020, again, COVID, Ukraine, Israel, Gaza, tariffs, and war in Iran, and then you realize that both real estate and stocks are near all-time highs anyway, and the government keeps backstopping asset owners like never before. This is just a fresh angle on how much better off you are when you prudently own more inflation-benefiting assets sooner. I want to tell you about something called the seven-figure solution. You've been here listening to me weekly since 2014. You've been earning money. You've been investing well, and now you're going to see how it all goes together. It's about making sure that your real estate and your other assets appropriately fund your retirement in a way that gives you protection against market downturns, a tax advantage pool of liquidity, the death benefit of a life insurance policy, and actually introduces you to a new form of leverage all at the same time. Now the liquidity here is key because this is where a 401(k) or IRA limit you, they have taxes and penalties if you want to use those funds early. This doesn't, but the seven-figure solution-it's not just for retirees. In fact, our own in-house investment coach Narayish uses something like this, and he is in his 30s. Let's discuss it, and then you'll see where I have an invitation for you, where you can get involved. I'd like to welcome in a guest we last had on the show a few years ago.   Keith Weinhold  13:54   He's a frequent guest on popular shows, including our friends over at the Real Estate Guys Radio Show, and this guest has also been a terrestrial radio show host himself. He's a long-time real estate educator and an active investor, just like you and I. So he speaks from experience and not a textbook. He's the creator of what we'll discuss today, called the Seven Figure Solution. Welcome back to the show, Jared Garfield.   Jared Garfield  14:21   Hey, it's great to be with you again. Thanks for having me.   Keith Weinhold  14:25   It's so good. Now you're with the Haven Bridge Group, and you help people, especially real estate investors, with what's called the seven-figure solution. Tell us about it.   Jared Garfield  14:37   it. Well, Haven Bridge, we get the name for that because people are really looking for a haven of safety, and the bridge is kind of what crosses the gaps that could kind of destroy your wealth, and it's the path to get there. So we want to take people on a path to safety, and the seven-figure solution is the idea that if you're going to be drawing out even 4% per year to not outlive your money, because people are living now. To 8590, 95 years old, and so that means you could have 35 years in retirement. And with inflation and different things like that, you really have to have a lot bigger nest egg than what most people realize. So a seven-figure solution is how to get to more than a million dollars liquid that you can draw on in a tax advantaged manner for the rest of your life, while also having living benefits. And we pull real estate in with it because we want people to have 10 or 15 or 20 rental properties by the time they retired. That they 1031 exchange regularly, so that they're always keeping tax advantages. So that even in retirement you have strong tax advantages, and ultimately we think that when you're 65 or 70, you might want to go from 30 single-family houses to 1031 exchange into one institutional asset that's a little bit less management intensive.   Keith Weinhold  15:57   Okay, so this is a tax advantage vehicle that real estate investors can use during their investing career, and those tax advantages then really convert into something that you can use in retirement as well.   Jared Garfield  16:11   Yes, what it does is it's a vehicle that instead of saving the money from your cash flow from your rental properties in the bank, we say, well, why wouldn't you rather invest in something where it grows tax-free, number one, and then number two, you don't have the penalties like you would with a 401k, where you get taxed and you get penalized 10% if you pull it out. It's liquid, usually about 80 to 90% liquid, so you can pull from it whenever you like, and you can use it for down payments to grow your real estate portfolio. But you can earn sometimes between five and even seven or 8% in a tax advantaged manner where you're not taxed on it, but you're earning a much higher return than if you put the cash flow into a bank.   Keith Weinhold  16:51   All right, so you're building this tax advantage pool of capital that grows over time, and this is important to have some liquidity. You know, Jared, I've often talked to our audience, about three to 5% of your portfolio value ought to be kept liquid. Maybe with a vehicle like this, you would want to put in more of that because real estate investors we have expenses, so you have this liquidity to cover things like vacancies and major repairs, or perhaps you could even use this account for future down payments on additional investment properties. Is that how it's utilized?   Jared Garfield  17:27   Yeah, absolutely. And I get it partially this way because in my early 20s, I got up to where I had about six rentals, and at the time, I also owned a real estate brokerage, and I was doing very well. I was making a six-figure income and things. And what happened is, I back when a   Keith Weinhold  17:41   six-figure income was a big deal.   Jared Garfield  17:43   Yeah, back in the early 2000s, it was a little bit better money. But the funny thing was, I had four rental properties that all went vacant at the same exact time, and so now all of a sudden, I was paying like 4500 bucks a month in mortgages, not counting the house I lived in, but I had to cover four mortgages on four of my rental properties all at the same time, and I hadn't saved the cash flow, so I didn't have a huge emergency fund. All my liquid capital went into down payments and into renovation money to rehab the properties. Okay, and so it put me in a real bind, and I was out driving a Volvo S80 around throwing two paper routes in the mornings, and then going to my real estate brokerage after my paper routes to cover those rental properties. And so this was basically meant as a way to say, okay, this is a way that I have the liquidity. I'm getting a higher return, but now my tenants are not only buying me the houses, but they're also giving me a couple million dollars in life insurance, and they're wrapping my investment component or the cash value of that, the cash value part of the policy. They're wrapping that in a way that it grows tax-free, so it just accomplishes a lot of things. But the other thing that's a beautiful thing about it is there's a lot of things that we call living benefits.   Keith Weinhold  19:02   All right, so you have the living benefits and the tax advantages, and I know how you have pointed out that this can save an investor 10s of 1000s of dollars in taxes per year and hundreds of 1000s or more over time. Can you tell us more about that?   Jared Garfield  19:20   Yeah, because what happens is the money that goes in is growing tax-free, so you don't get taxed on any of the growth. But what we really like about it is, let's say that you're cash-flowing $2,000 a month off your rental properties, and you're putting 2000 a month into this policy. Usually, after the first year, if you're max funding, 80 to 90% of that's liquid. So if you've got 24,000 sitting in there, you've got access to 89 to 90% of the money. So it's pretty liquid. But what happens is over a 20 or 30 year period, that money could turn into three or 400,000 a year that you can pull out in the form of policy loans. And by doing that, it's not taxed. And you can pull that out throughout your retirement tax-free. So if you were paying 25% in taxes and you're pulling out 200 grand a year, that's $50,000 a year in retirement that you're saving in taxes. But that could be over a 20 or 30-year period. So over 20 years, that 50,000 could end up being a lot of money. I mean, 500,000 over 10 years, a million over 20, and so that means you don't have to accumulate as much. But a lot of our investors love it because they'll save it up with discipline, and then that way it's there if the furnace blows. So it makes your real estate safer, but it also becomes your down payment funds to expand your portfolio.   Keith Weinhold  20:40   Okay, the seven-figure solution is the vehicle that we're talking about here, and what part of the IRS code, just briefly, is it that gives this tax advantage?   Jared Garfield  20:51   It's Internal Revenue Code Section 79 that allows it to grow tax-free. In the 1980 s, doctors and a lot of very wealthy people were using this to the point that IRS changed the laws. They went and sued the insurance companies because doctors would go in and dump $2 million in, and they would buy a $2 million life insurance policy. So they were self-insured, which meant that they didn't have any cost of mortality on it. So they basically got all the benefits of the tax-free growth and the tax-free pullout. And the IRS said, "Wait a minute! We think you're doing tax evasion. So what they did is they came around and they said, "We're not going to let you use this loophole anymore for the very wealthiest people to have this. So they came to a compromise, and the compromise was that if you wanted to put in 2 million, you had to maintain a corridor where there had to be a little bit higher amount of life insurance. So you might have to buy a $2.3 million policy, but then you could still dump, say, $2 million in and have all the tax advantages. It's a strategy that's been used for over 100 years by families like the Rockefellers and the Hunts and J.P. Morgan. The very wealthiest families have always used these strategies to grow and protect their wealth.   Keith Weinhold  21:59   Okay, so it's a part of the tax code that allows cash value to accumulate within and be withdrawn from a life insurance policy tax-free.   Jared Garfield  22:11   Correct, and it gives you living benefits, which I alluded to a minute ago. And the living benefits are if if you end up having to go through things like long-term care, disability, if you can't perform, you know certain functions for a certain period of time, chronic illness, critical illness, terminal illness. If any of those things happen to you, you can borrow against the policy and have access to money during those things that would normally decimate your wealth, because you can actually access the death benefit in advance.   Keith Weinhold  22:42   Now I know a little about the six risks. Tell us about that.   Jared Garfield  22:47   Well, Keith, there are six risks that all investors face regularly. The first one is inflation erosion, and that means that your purchasing power often ends up leaking out of your balance. And the balance might look fine, but inflation can eat away at it. So even if you've raised a lot of money, if inflation means that you can buy half as much five or 10 years from now, then you know your wealth isn't as big as you thought. The second is the volatility setback, and that's sequence of return risk. That means that if you retire on a bad year where things really bad, stock market drops, you could end up using your money at a time where it really weakens your wealth because it may have dropped by 50% So if you had a million, now you have a half a million, and you're spending 100,000 a year. At the end of year one, you might only have 400,000 left. So sequence of of return risks from volatility setback, tax drain. That's just the compounding cost of an uncoordinated tax picture can really be a problem, and then the next one is liquidity. If you don't have liquidity and you've locked up all your money and you can't access it until you're 59 and a half without significant taxation and 10% penalties, the liquidity lock is a problem. There's the longevity paradox. What happens if you outlive your money, you know. So living longer is a benefit, but it exposes you to where you might not have enough money to live on in your latter years. The last two are care avalanche, and that is if an unexpected health event happens at the wrong time, it could really destroy your wealth because medical costs have spiraled out of control, and then the last one is the line to land, and that's only one of the six that's really about growth.   Keith Weinhold  24:28   Right, only one of the six of those was about growth. I can't stand the longevity paradox. Yeah, we think we all want to live a long time, but then it's more difficult to fund living a long time, and if you outlive everybody, nobody shows up at your funeral either. The longevity paradox-one of the six risks that the seven-figure solution can really help you with. Now, tell us more about funding it, so you can get a good cash value balance in. There, I know that one way you do it is actually with short-term rentals instead of a paycheck.   Jared Garfield  25:06   We love short-term rentals, especially for our highest net worth clients, because the reason is is the bonus depreciation of the big beautiful bill. Oh, right! You could take up to like 150 or even $200,000 in year one, they take that depreciation that they used to spread out over a whole lot of years, and they make it to where if you get with your CPA and you analyze your short-term rental, you could potentially take all of the furnishings, all of the artwork, all of the dishes and things that are in the property. Sometimes they'll let you take components like the appliances, the air conditioning unit, the furnace, and they'll let you take it all in year one instead of having to line item it and spread it out over you know 27 and a half years. So what this means is, if you have a short term rental, then you you might get like 150 to 200,000 tax break in the first year on the right property, but it's better than that because instead of having to have like 750 hours to hit full-time real estate professional status, it cuts the hours that you have to have significantly down. I think it's more like 150 hours or something like that, or 300. It's like half the hours, and so you can hit the benefits of taking unlimited passive loss much easier if you have a couple of short-term rentals.   Keith Weinhold  26:24   You're listening to Get Rich Education. We're talking with Jared Garfield about the seven-figure solution, something that takes some time to understand, but it can give you a tax-advantaged pool of capital that grows over time, and it also creates this overall tailwind, not just during your investor life, but then it provides tax advantaged retirement income at the same time. More on this when we come back. You're listening to Get Rich Education. I'm your host Keith Weinhold. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group and MLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge while it's on your mind. Start at ridgelendinggroup.com, that's ridgelendinggroup.com.   Keith Weinhold  27:25   Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. And full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family 266866. This is the   Speaker 2  28:28   Real Wealth Network's Kathy Betke, and you are listening to the Always Valuable Get Rich Education with Keith Weinhold.   Keith Weinhold  28:46   Welcome back to Get Rich Education. I'm your host Keith Weinhold. We're talking about the seven-figure solution with Jared Garfield. Something that can be a particular benefit to real estate investors both during your investing career and then once you're in retirement as well, and this can take the form of either an indexed universal life policy or a whole life policy. There are a lot of wrong ways to do this and wrong things to get into. We're talking about the right way. Part of that is funding it as best you can. Can you tell us more about that?   Jared Garfield  29:20   Well, there's a lot of different ways to fund it. A lot of our clients will come in. We have some people who will use rollovers if they're nearing the end of retirement. Some people will roll over a 401k into a cash value life insurance policy because they can do it over a five or seven year period, and they pay the taxes when they roll it over, so their taxes go up a little bit for five or seven years of retirement, but then what happens is that means that during their retirement they're not taxed on the income all the way through retirement, so that can save really significantly. But a lot of our clients will do a flip and dump 40 or 50,000 a year in by just saying I'm going to do one flip a year and use that to. Fund the whole thing, or they'll take the cash flow and dump the cash flow into here instead of the bank, just so that they get the living benefits and they get the much higher return with still 80 to 90% liquidity. So could be cash flow from rentals, could be money from a flip, or sometimes some of these short-term rentals can make 20 to $30,000 a year, and if you get $100,000 tax break, you have more money that's not going to Uncle Sam, and then because that's your discretionary income now, because of the tax break, you could use that money to for down payments to grow your portfolio or to do a flip.   Keith Weinhold  30:35   Now, Jared, I sort of think of the cash value that you're accumulating in this policy as safe money that grows at a slow to moderate steady rate, but if it rarely or ever loses value, can you tell us more about that and the rate of return expected in the policy?   Jared Garfield  30:52   Yeah, absolutely. With the IULs, it's going to depend a little bit upon the carriers and stuff like that, and whether you go with a mutual company and stuff like that. It can vary, but a lot of times people are going with things that are what we call indexed. So you can actually index it to the S and p5 100 if you think that we're going to have a bull market and the market's going to really go up strongly. You can index it to the market, and sometimes they'll have a participation rate where they'll say, "Okay, you can participate up to 12% So if the stock market does 17% the most you can make is 12% So you're giving up a little bit of upside, but that's still not nothing. I mean, that's not three or 4% You can still make you know 10 or 12% that year, but you're giving up the part above the participation rate. And the reason that you do that is if the market tanks and drops by 30 or 40% The worst you can do is 0% return. Zero is my hero because you didn't lose anything. So if you had a half a million sitting there, you don't go down to 250 and then wait eight years to get back to break even. Instead, you're still at half a million. And if the market goes up next year by 20% and you had a 10% cap. Then your half a million, you know, is now at 550,000. When everybody else, if it went up by 10% they're at half the amount that they had.   Keith Weinhold  32:13   You have a story or example of how you've helped somebody with this, because I know a lot of investors that are passionate about utilizing the cash value inside an insurance policy tell us.   Jared Garfield  32:28   Well, I've got one friend who's a developer, and he did like a $5 million policy. And every time he flip a subdivision or flip a house, and let's back   Keith Weinhold  32:36   up. Does a $5 million policy mean that's the death benefit?   Jared Garfield  32:40   Yeah, that's the death benefit. Thanks for catching that. That's the death benefit, but that also has a correlation to how much money you can dump into it. So if you have a $5 million policy, you can dump a lot more money in for the tax free growth. And the quicker you hit that death benefit amount, at that point you're self-insured, and so at that point you really don't have cost of insurance on administering the policy hardly at all, and so at that point, when you're what we call self-insured, the return on the investment becomes a lot better. But this particular developer was able to use this policy because he had so much cash value in, and if he sold a house, he'd take 40,000. If he sold 10 a year, he might take you know 400,000 and dump it into this policy, and so it made him bankable. And he was able to use the money to go out and do new subdivision developments because the bank would actually use the policy as the collateral to be able to give him loans at much lower interest rates.   Keith Weinhold  33:38   That's valuable. Tell us about that. I don't want to use the wrong words here, but then effectively with this example, are you borrowing against the funds in the policy? So therefore, you can get those dollars working for you somewhere else, all while simultaneously the cash value continues to compound and grow. Sort of another form of leverage.   Jared Garfield  34:01   Correct. What they basically do is they basically freeze part of the amount and say, okay, we're using this as the collateral and stuff like that to be able to do the loan. But if it grows and and makes 7% you're still making the money off of the money that's sitting in there. It's just collateralized as part of the loan. And some people will even use it to like go buy a car, like instead of buying a car and going getting a bank loan and paying 7% to the bank, they might borrow money out, go pay cash for the car from the life insurance policy loan, and pay 2% instead of 7% But they're paying it to themselves, and as long as they're paying the interest to themselves, if the money that they borrow out could potentially still earn the same money and earn 7% even though you had borrowed out. So it's doing two things for you at the same time, as long as you're paying that loan interest. But and that depends on the option that you take when you do your loan.   Keith Weinhold  34:54   We love leverage around here. Leverage trumps compound interest. In so many ways. Oh, I'm really glad that you told us some more about that using the funds in more than one way at the same time. Tell us more about what it costs for the investor, the costs of setting this up, and then what some of those trade-offs are, Jared.   Jared Garfield  35:18   Well, that really depends on the individual. I mean, everybody has to sit down and be able to decide what is acceptable for them. You know, a lot of times people will want to max fund the 401k that they're doing at least just to the amount that's matched. But then after that, this could be a great place instead of putting a whole bunch more money into a 401k. Some people will elect to say, "I'm going to put the matching portion into my 401k, but then I'm going to take my cash flow from my real estate and money that I could have contributed to other alternatives and put it into this because I want the liquidity. I want to be able to leverage this money and pull it out without any restrictions. That as long as I can pull out 80 to 90 percent, I could go buy a car wash, or I could invest in a business, or I could, you know, do whatever I wanted to. I could loan it to my kids for their college and make them pay me loans back to my policy. There gives you a lot of flexibility to do it. But the thing that we love about it is we'll do what's called an illustration, and it may end up if you start at the right time, it could be a six-figure passive income stream at retirement, and then if you have the real estate, because this helped you grow your portfolio, where without doing the strategy, you might have ended up with say 10 properties. We might be able to get you to 20 or 30 properties working together as a team with your real estate coaches and stuff like that. Then we can potentially grow your real estate portfolio, and what we want to do is 1031 exchange every seven to eight years. I don't believe in holding properties for 30 years.   Jared Garfield  36:47   I believe in exchanging them every seven to eight years because when the tax benefits have been used up, if you exchange to twice the size portfolio, you have better appreciation on a portfolio worth twice as much. But that new value, you still get the depreciation advantages, where the old value that was half, you know, the depreciation is used up. So you're you're getting new depreciation on the higher value assets, and then our goal would be that by the time you don't want to be involved in managing the property managers, that at some point you're going to have a 200 unit apartment complex with on-site management, and at that point you don't have any financial worries really because you're 1031 exchanging into those apartment complexes, but you have so much equity that you're still maintaining depreciation during your retirement years. When most people who have lesser plans don't have the tax advantages,   Keith Weinhold  37:41   I love that you said so much of that, and to you, the listener, Jared is licensed to do this, and our own in-house investment coach. You mentioned coaching. Naresh has the proper licensing as well to holistically help integrate this into your investor life. And for example, yes, we are rarely of the mindset that you would hold a property for all 30 years because after seven to 10 years, your leverage ratio gets worn down, and then additionally, if you're buying turnkey properties, oftentimes that's when capex expenditures start to enter into the picture. So yes, oftentimes we do these seven to 10 year holds.    Jared Garfield  38:23   I love that. Yeah, that's a really really good strategy, and and it always makes it to where you can grow so much bigger portfolio by not being taxed through that exchange. And you know, believe it or not, there's actually even ways when you have extra cash boot, they do allow if you notify them in advance. Sometimes you can take some of the cash boot on the exchange and roll it into some of the products that we utilize.   Keith Weinhold  38:47   For more specifics, I know you said it's based on one's individual situation, but how much does it cost to set up a policy? And then, are there any ongoing maintenance fees? Can you give us more specifics there?   Jared Garfield  38:59   So, there's small fees to administer the policy because you have people who are trading and doing different things and working within the policy for the funds. But usually, you can set policies up as low as 100 or even $200 a month. We don't usually recommend that because you want to max fund it. Usually, when you're doing these strategies, if you're just doing $100 or $200 a month, you're basically buying life insurance, but you're missing a lot of the benefits because what you want to do is to be able to max fund it. So what we like people to do is get as minimum life insurance. That's not in our advantage because we get paid based on the premium of the amount of life insurance you get. But you get the smallest amount of life insurance for the amount that you can max fund. I would much rather have somebody get a $500 a month policy that, let's say, they could put you know a thousanmd a month in or something like that, than to have somebody get $1,000 a month policy where they're paying a thousand a month but they can't max fund it because by max funding it you're maximizing the growth component of the cash. Value, and so it depends on how much you want. But you can go anywhere from $100 or $200 a month to we have clients that will dump $20,000 a month in because they really want to shield as much money as they can from tax growth.   Keith Weinhold  40:15   Tell us more about who the seven-figure solution is for and who it's not for.   Jared Garfield  40:20   Well, if you're living month to month and you don't have discretionary income, it's probably not a good solution. In that situation, you probably want to get term insurance and just make sure that you cover catastrophic things. But if you've got discretionary income and you've got an extra four to $500 a month that you could use to max fund, we figure most people need life insurance anyway, and the way that we teach it, when you mix it with real estate, rather than pulling it from your monthly budget, doesn't it make a lot more sense to let your tenants buy the houses for you, but also pay for a half a million or a million dollar life insurance policy for you, where the tenants are covering the savings for anything that happens at the property with capex or vacancy or damage, and at the same time covering life insurance and potentially a six-figure passive income that's tax advantaged at retirement. So I pull the money out from other assets and let the assets cover this asset.   Keith Weinhold  41:18   Oh well, Jared, this has been great. Before I ask you if you have any last things to tell the audience about the seven-figure solution, I invite you, the audience, to join us. It's going to be Jared and our own in-house investment coach, Nareesh, bringing you a live online event that you can join from the comfort of your own home next Thursday, the 27th at 8 PM Eastern. You can register now; it's free at grewebinars.com because there are a lot of moving parts, and it does take some time to wrap your head around this, benefiting from the cash value of an insurance policy. And this way you can have a Q and A, and you can get answers in real time at this event. It's called the Seven Figure Solution: Build wealth, reduce risk, and create tax advantage retirement income through real estate. Again, it is next Thursday, the 27th at 8p.m. Eastern, you probably have generated some questions inside your head while you're listening to this, and you can sure have them answered there as you're going to learn a whole lot more about it next Thursday. This could help a lot of people. Jared, do you have any last thoughts?    Jared Garfield  42:38   I think the only thing is that we like to work with the team. We like to work with your CPA. We like to work with your real estate investment coach. I used to be a coach and trainer for Robert Kiyosaki, who wrote Rich Dad Poor Dad, and he always talked about power teams. And so we want to be able to be a part of your power team and work with your other advisors to help you implement something. We're not here to give you tax advice. We want you to be able to work with your investment advisors and your CPAs, and just be a part of the team. But I would point out that over my career, I've owned hundreds and hundreds of single-family cash flow rentals, duplexes, fourplexes, apartment complexes. I've done some land development, and I implement these strategies myself. I had 17 Airbnbs, and so these are the strategies that I implemented as a full-time real estate professional. I felt like that this strategy of having a seven-figure solution could help you to avoid some of the pitfalls that I experienced in my 20s.   Keith Weinhold  43:32   So much all comes together for one pretty comprehensive solution. It's the intersection of growing your portfolio, getting tax advantages and having the death benefits of insurance and more all coming together next Thursday, so that you can learn more. Jared, it's been great having you back on the show.   Jared Garfield  43:52   Thanks, Keith. Always glad to join you.   Keith Weinhold  44:00   Integrate the seven-figure solution the GRE way, where we have this conscientiousness about leverage and cash flow. In this case, it's how to prudently leverage a life insurance policy. When it's time to tap your cash value, you take what is a policy loan, not a withdrawal, because you're borrowing against your cash value, hence using the funds in more than one place, and the IRS does not tax loan proceeds. This reminds me of a billionaire and how they borrow against the value of their stock. That way, they don't have to sell their assets. This is similar to what you can do with this. Another thing is that you know real estate investors are not used to a volatile ride because our asset values stay stable. You heard Jared mention the acronym IUL there. That's an indexed universal life policy. It's a real benefit. That says you tie yours to the S and P five hundred. Well, that index was down 18% in 2022, and that your cash value can have an upside ceiling and loss protection on the downside-an option that you'll care more about as you get toward retirement. In 2008, the S&P was down 37% so the math is cruel on value losses. In fact, it's even worse than it sounds because if you're down 30%, then you need a 43% gain just to get back to even. That is just math.   Keith Weinhold  45:39   There are some mistakes to avoid here, and you don't just want to set up your seven-figure solution off of a website. And it is based on products that you might have heard of from companies like Nationwide and Mass Mutual. I strongly encourage you learn more, see how it all goes together, learn how the seven-figure solution compares to other vehicles like a Roth IRA, 401k, 721 exchange, and 1031 exchange. This is very much about seeing your future. You've been listening to me here every week for almost 12 years, earning money from your day job, building your real estate portfolio, either from our investment coaching or on your own. This is how it all goes together. Next week with Jared and GRE investment coach Naresh. By attending live, you can have your questions answered in real time. One last time, you can sign up for the event for next Thursday, the 27th at 8 PM. Eastern, 5 PM. Pacific. Learn about something that's potentially really valuable to you: the seven-figure solution at grewebinars.com. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  46:59   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  47:26   The preceding program was brought to you by your home for wealth building, getricheducation.com  

About the Show:"I want the people that I work with and who I represent and who I inspire to know that it's worth it, that they're worth it, that they're valuable." – Robyn JordanIn this episode of I Am Northwest Arkansas®, host Randy Wilburn sits down with DJ, cultural facilitator, and HerSetHerSound founder Robyn Jordan to talk about the work she's doing to build greater economic opportunity, representation, and joy for women, people of color, and gender-diverse creatives in our region's music scene.Robyn shares how HerSetHerSound grew from a single festival into a year-round ecosystem—188 bookings, 55+ artists, and over $100,000 injected into the local creative economy. She talks about her own journey, why mentorship and intentional space-making matter, and why real empowerment means more than just "exposure."This one's for anyone who loves music, makes it, or cares about the people quietly shaping Northwest Arkansas's cultural life.Key Takeaways:Empowerment Through Action: HerSetHerSound has created real economic impact, paying artists fairly and centering women, people of color, and gender-diverse creatives both on and off the stage.Building Community, Not Just Events: Robyn emphasizes hospitality, intentional curation, and intersectionality, crafting spaces where every guest, artist, and vendor belongs and feels seen.The Power of Local Roots: Robyn's journey from party-goer to business leader is rooted in family legacy, mentorship, and a belief in bringing big possibilities to communities outside major cities.Challenging Industry Norms: The conversation highlights persistent wage gaps and barriers in the creative industry, calling for accountability, credit, and investment in those who make our culture thrive.Vision for the Future: With ambitions for more venues, year-round programming, and continued partnership with groups like NWA Pride and Juneteenth, HerSetHerSound models what inclusive growth in Northwest Arkansas music and nightlife can look like.All this and more on this episode of the I Am Northwest Arkansas® podcastImportant Links and Mentions on the Show*Her Set Her Sound WebsiteHer Set Her Sound on InstagramBooking Her Set Her SoundTickets & Festival Info: FESTIVAL | Empower Change Today — Join the Movement — HER SET HER SOUNDArkansas Soul — Outlet amplifying Black and Brown voicesDelta Dirt Distillery — Black-owned, Helena, ARIndigo Road Hospitality Group: theindigoroad.comCousins Lounge (shoutout): Cousins Bentonville on FacebookNWA Juneteenth: NWA Juneteenth FacebookNWA Pride / NWA Equality: nwapride.orgDJ Afrosia (mentioned local artist): DJ Afrosia InstagramFindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:Signature Bank of Arkansas "Community Banking at its Best!"FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

We're taking a short summer break from new episodes, and while we're out we're bringing back some of the most downloaded conversations from the past year. This one's a favorite whether you caught it the first time or you're just finding it now. Robin Wallis Atkinson, founder and CEO of Upkept, talks with Randy about the decline of garment repair skills and how her platform is making clothing repair simple and climate-friendly. This episode was part of our Future is Local series with the Walton Family Foundation.Why fast fashion has made it harder to repair clothes, and how Upkept is bringing that skill backHow thinking in terms of cost-per-wear can change the way you value what's already in your closetWebsite: upkept.io Listen to the original episode: https://iamnorthwestarkansas.com/335Mentioned in this episode:Signature Bank of Arkansas "Community Banking at its Best!"2026 Best of IANWA Intro

Summer's here and we're stepping away from the mic for a few weeks, so we're digging back into the archive to share some of our most downloaded conversations from the past year. This is one worth a second listen, or a first one if it's new to you. Lynn Wong and Mike Thompson turned a dream of an ice cream shop into Pedal Pops and Pedal Park, an all-natural fruit pop business that's grown into a real community hub in Farmington. This episode was part of our Future is Local series with the Walton Family Foundation.How a kitchen experiment turned into a beloved local brand built on customer feedback and creative flavorsWhy Pedal Park has become more than a food truck stop, hosting trivia nights, live music, and pop-up markets for the whole communityWebsite: pedalpops.com Listen to the original episode: https://iamnorthwestarkansas.com/326Mentioned in this episode:Signature Bank of Arkansas "Community Banking at its Best!"2026 Best of IANWA Intro

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/For the first time in 30 years, the CAMELS rating system is being rewritten. In this episode, Mark Treichel is joined by Todd Miller and Steve Farrar — all former NCUA — to break down the proposal moving through the Federal Financial Institutions Examination Council (FFIEC) and what it means for credit unions.The headline change: Management (the “M”) loses the special status that let it override the other five components. The agency's own data showed Management was the most influential factor in composite ratings; under the proposal, it's weighed alongside Capital, Asset quality, Earnings, Liquidity, and Sensitivity — not above them.Mark, Todd, and Steve dig into the new “material financial risk” threshold that must now be met to downgrade Management to a 3 or worse; the removal of judgment-heavy language like “resiliency” and “size and complexity”; the push toward fewer, sharper Documents of Resolution; and the compliance carve-outs that keep the system from being toothless. They also weigh the trade-off at the heart of the proposal — more objective, consistent ratings versus the loss of a forward-looking early warning system — with Signature Bank and Silicon Valley Bank as cautionary examples.The practical bottom line: most credit unions won't see their composite change, but those sitting right at a rating boundary should pay close attention. Comments are open, and the notice doubles as a useful primer for boards and senior staff.

This week, I'm tackling a question that's on the minds of many investors: How safe is your money with major brokerage firms like Fidelity and Charles Schwab? In light of recent high-profile bank collapses and widespread concerns about financial security, I discuss how banks and brokerage firms operate differently, what protections exist for your investments, and what would happen if a major brokerage firm were to collapse. Whether you're considering how best to safeguard your assets or wondering about the real risks of brokerage failures, this episode will provide the clarity and peace of mind you need for your retirement planning.   You will want to hear this episode if you are interested in... 00:00 Bank failures and investor concerns 05:58 Protecting your money in banks 09:18 Discussing investment safeguards 12:08 Brokerage account safety reassurance 13:08 Should you consolidate your broker accounts?   Why Investors Worry   It's natural for investors to worry about the safety of their money, especially after the events of 2023, when several banks—Silicon Valley Bank, Signature Bank, First Republic Bank, and Citizens Bank—collapsed, shaking public confidence in U.S. financial institutions. Even rumors and social media speculation about potential trouble at a major brokerage like Schwab can fuel anxiety among clients and investors.   How Banks Actually Work: Your Money Becomes the Bank's Money When you deposit money in a bank, you're essentially lending money to that institution. The bank can then use those deposits to fund loans, mortgages, and other investments. This works well—until poor investments or insufficient collateral put depositor money at risk, which is exactly what happened with Silicon Valley Bank following its risky bets on long-term treasuries. If a bank collapses, customers may lose deposits above the FDIC insurance limit, which is $250,000 per account owner. Brokerage Accounts: A Different—and Safer—Model Brokerage firms like Charles Schwab and Fidelity operate under a different structure that provides a stronger layer of legal protection for client assets. Here's the key distinction: The assets in your brokerage account—stocks, bonds, mutual funds—are not the brokerage firm's property. They are held in custody, separate from company assets, and protected by a legal firewall. If Schwab or Fidelity collapsed, only the company's assets—like buildings and offices—would be at risk, not the assets in client brokerage accounts. Those client assets are held in separate custodial accounts and cannot be used to pay the firm's creditors. It's a little like using a storage facility: you lock up your investments, and nobody (including the brokerage firm) can access those contents for its own purposes.   What Happens During a Brokerage Collapse? If a major brokerage like Schwab were to fail, the Securities Investor Protection Corporation (SIPC) would step in. SIPC protection covers up to $500,000 per customer, including up to $250,000 in cash. However, most brokerages, including Schwab and Fidelity, carry additional insurance beyond SIPC requirements. The SIPC acts much like a disaster relief agency: it verifies customer assets, ensures funds have not been misappropriated, and arranges to transfer accounts to another brokerage within days. The customer receives uninterrupted access to all their investments and holdings at the new firm.   Your Money Is Safer Than You Think The legal and operational structure of brokerage firms offers significant protection. Even in the unlikely event of a collapse, your investments would transfer intact to another brokerage. The only real risk would be investment market performance—not insolvency of the brokerage firm. It's even unnecessary to split your assets between brokerages purely out of safety concerns—it might simply make your finances harder to manage. Investor protections for brokerage accounts are robust. With legal safeguards, insurance protection, and established practices for handling firm failures, you can rest assured that your assets at firms like Schwab and Fidelity are secure—even in a worst-case scenario.   Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE  Securities Investor Protection Corporation (SIPC) Federal Deposit Insurance Corporation (FDIC) Fidelity Charles Schwab   Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan  

About the Show:"I always want to have that posture of, like, what can I learn? How can I grow?" – Danielle KellerDanielle Keller didn't plan on becoming the steward of Northwest Arkansas's most beloved family magazine. She moved from California to Arkansas, built a life here as a mother and filmmaker, and somewhere along the way fell in love with the kind of community storytelling that big media rarely gets right.In this episode of I Am Northwest Arkansas®, Randy Wilburn sits down with Danielle to talk about her journey—from film and podcasting to relaunching Peekaboo Magazine in August 2025 with a bigger, higher-quality print edition that bets on something most people have written off.She makes the case for print in a digital world. Not as nostalgia. As intention.Personal essays from local parents, in-person community events, and real voices from across NWA — Peekaboo is proof that a magazine can still be a gathering place. This conversation is a reminder that the stories closest to home are often the ones worth telling most.Key Takeaways:Embrace Change and Growth: It's never too late to start something new or pivot your career—real growth often happens later in life.The Importance of Storytelling: Personal stories connect people and help communities feel seen, valued, and understood.Relationships Matter: Building relationships is key to both personal success and community building; everyone has something to offer.The Power of Local Media: Hyper-local publications like Peekaboo give a platform to everyday stories and voices that otherwise might not be heard.Print Isn't Dead: There's a renewed appreciation for tangible, high-quality media that people can hold, share, and keep on their coffee tables.Community Support: Sharing vulnerable stories can lead to compassion and real community action, supporting those who need it most.Be Inclusive: Not everyone is an extrovert—seek out and include those on the fringe, and help everyone feel welcome.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Peekaboo magazine websitePeekaboo magazine on Facebook:Peekaboo magazine on LinkedIn:Peekaboo magazine on Instagram: @peekaboomagazinenwaPeople of Northwest Arkansas PodcastFayetteville Public LibraryDogpatch USA (featured in Danielle Keller's documentary work)John Brown University (JBU)Bentonville Film FestivalParkside Public (casual date night spot)Confident Coffee (favorite coffee shop)You can pick up a physical copy of Peekaboo magazine at local libraries, museums, and family-focused spots throughout Northwest Arkansas—from Fayetteville to Bella Vista and Siloam Springs.This episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

About the Show:"Black Paper Party doesn't exist if it's not for the authentic representation of the Black diaspora and our products." – Jasmine HudsonWhat does it really take to build a business rooted in culture, stay true to your mission, and scale to 20,000 points of distribution—all from Northwest Arkansas? Jasmine Hudson, co-founder of Black Paper Party, is living proof that it's possible.In this episode of I Am Northwest Arkansas®, host Randy Wilburn welcomes Jasmine back for a candid and wide-ranging conversation about entrepreneurship, representation, and what growth really looks like when you refuse to compromise your values. From packing orders in her garage during the early days to landing shelf space with major retailers, Jasmine pulls back the curtain on the journey—including what really happened after the Shark Tank cameras stopped rolling.Jasmine also shares how Black Paper Party is using AI and technology to operate smarter, what it means to be selected for the prestigious Endeavor Heartland Scale Up Accelerator, and why staying connected to the mission of celebrating Black joy and culture has been their greatest competitive advantage.Whether you're a founder grinding through the early stages, an entrepreneur looking to scale without losing your soul, or someone who simply believes that representation matters—this episode is for you. Pull up a chair and get ready to be inspired.Key Takeaways:Authenticity Matters: Staying true to your mission and serving your community is at the heart of lasting growth and brand loyalty.Growth Is a Journey: Black Paper Party went from the garage to major retailers by focusing on both process and relationships.Technology as a Tool: Leveraging AI can help small teams do more, from managing e-commerce to automating business tasks—but it should never replace original thinking.Retail Wisdom: Walmart can be a powerful incubator for brands, especially for those who understand their customer and the importance of scalability.Community and Networking: Programs like Endeavor Heartland Scale Up provide important mentorship and support, but you have to put in the work to benefit.Resilience in Business: Setbacks, like shipping disasters or lost deals, are part of the journey—true grit keeps you moving forward.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Website: Black Paper PartyBlack Paper Party on InstagramBlack Paper Party on FacebookBlack Paper Party on LinkedInEndeavor Heartland Scale Up Accelerator: endeavor.org (Check show notes for direct links.)Canem Arkan Endeavor Heartland EmailShawn Morris Endeavor Heartland EmailJasmine Hudson on LinkedInFindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

Every day, billions of transactions settle between strangers who have no idea which bank the other uses. That lack of friction is not automatic. Nine-tenths of the money in daily circulation has been created by commercial banks, but it stays trustworthy only because central banks stand behind it, and keep the system in balance.In this week's episode Tim Phillips talks to Stephen Cecchetti (Brandeis University, CEPR) about what happens when new forms of digital money test that architecture. Cecchetti is one of the authors of the eighth Barcelona Report in The Future of Banking series, part of the Banking Initiative at IESE Business School, just published by CEPR as a free download.Will retail central bank digital currencies, tokenised deposits, and stablecoins upset the delicate balance of system that has been running for decades? Stablecoins, for example, do not create money, but they claim the status of money without the institutional guarantee that makes money trustworthy. Three jurisdictions — the US, the EU, and the UK — are each resolving the same underlying contradiction in different ways. None has fully resolved it.The research behind this episode:Niepelt, Dirk, Stephen G. Cecchetti, Hélène Rey, and Xavier Vives. 2026. Digital Money: The Future of Banking 8. London: CEPR Press. Available as a free download from CEPR.To cite this episode:Phillips, Tim, and Stephen G. Cecchetti. 2026. “The digital money supply.” VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestStephen Cecchetti is the Rosen Family Chair in International Finance at Brandeis University, a Research Fellow of the Centre for Economic Policy Research (CEPR), and a Research Associate at the NBER. He was previously Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements, and Director of Research at the Federal Reserve Bank of New York. His research spanning monetary policy, financial stability, and banking regulation has shaped both academic and policy debate over three decades. He blogs at moneyandbanking.com.Research cited in this episodeWalter Bagehot's lender of last resort doctrine. In Lombard Street: A Description of the Money Market (1873), Bagehot argued that a central bank under stress should lend freely against good collateral at a penalty rate. The prescription remains the intellectual foundation for how central banks manage runs and systemic crises. Cecchetti invokes it to make the point that no private substitute for a central bank backstop has ever proved durable, and that the doctrine is now, one hundred and fifty years on, being tested by instruments its author could not have imagined.Monetary uniformity, mobility, and elasticity. The three institutional conditions underpinning general acceptance of money, developed in analysis by the Bank for International Settlements and discussed extensively in the report. Uniformity means a pound is a pound regardless of which bank holds it. Mobility means claims move between users and institutions at low cost and settle with finality. Elasticity means the supply of money can expand when it is under stress. Together they explain why we accept a deposit at face value without doing any analysis of the bank that issued it; and together they identify exactly where new forms of digital money create institutional gaps.Silicon Valley Bank failure, March 2023. SVB's collapse illustrates both the lender of last resort functioning and the limits of no-bailout commitments. Cecchetti notes that SVB's liabilities were still trading at par on the Thursday before its Friday failure because the Federal Reserve stood behind them. He also notes that Circle, the issuer of USDC, held $3.3 billion of its reserves at SVB and was effectively bailed out in the resolution. The episode is one of two occasions in the past twenty years where money market fund-like instruments have been backstopped by the Federal Reserve under stress.Genius Act (United States). Principle-based stablecoin regulation expected to come into effect in the US around 2027. Under its provisions, only stablecoins issued by bank-affiliated issuers will have access to the Federal Reserve; only those will therefore have the institutional backing needed to function as money. Stablecoins issued by non-bank entities will not.Markets in Crypto Assets Regulation (MiCA), European Union. The EU framework for crypto assets, which entered into force in 2024. For stablecoins, MiCA requires issuers to hold 30 to 60% of their reserves in bank deposits, with no provision for central bank backing. The stated rationale is to keep deposits within the banking system; Cecchetti notes this creates a different category of vulnerability and leaves the question of what happens under stress unresolved.Bank of England stablecoin proposal (United Kingdom). The Bank of England's approach differs from both US and EU frameworks by explicitly requiring large stablecoin issuers to hold significant reserve deposits at the Bank of England, making them in effect narrow banks with a direct central bank backstop. Cecchetti regards this as the most coherent of the three approaches in terms of institutional logic, though the same fundamental question applies: whether holding to that design under stress would be politically sustainable.Tether and the jurisdictional challenge. Tether, the largest stablecoin issuer, is registered in El Salvador having previously operated out of the British Virgin Islands. Its tokens are held by users in multiple countries, traded on exchanges in multiple jurisdictions, and backed by US Treasury securities. Cecchetti uses this to illustrate why local regulation, however well-designed, is necessary but not sufficient; effective oversight of instruments that are genuinely global requires international standards and coordination.Fractional reserve banking and the goldsmith model. The institutional structure described in the episode has roots in mid-seventeenth century England, when goldsmiths began issuing more paper receipts than they had gold in their vaults. The goldsmiths became bankers; the paper became money; the vulnerability to runs became a structural feature of private money creation that persists today. Cecchetti uses the history to make the point that while technology changes how we store and transmit information, the underlying architecture of trust in private money is as old as Newtonian physics.More VoxTalks Economics episodesMaking banking safe, Stephen Cecchetti and Kermit Schoenholtz. Our financial system is supposed to be more resilient than before the global financial crisis, but that didn't save Silicon Valley Bank, Signature Bank or First Republic. So what went wrong?Related reading on VoxEUNew coins on the block: Digital currencies and the financial system. The authors of the Barcelona Report warn that “Digital money will be reliable only where sound institutions and robust technology come together.”

Alex Thorn talks with Scott Shay, co-founder of Signature Bank and N3XT (a new Wyoming bank), about what happened in 2023, how the banking system actually works, and what the future of banking looks like. Alex also talks with Beimnet Abebe (Galaxy Trading) about the Strait of Hormuz, risk markets, and a bearish case for bitcoin. Participants, along with Galaxy Digital, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC.  If the value of such assets increases, those vehicles may benefit, and Galaxy's service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy's public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, May 13, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

About the Show:"There's something here for everybody in Northwest Arkansas, and it's the kind of place that, you know, you really can make your dreams come true in a space like this. It's not gonna be easy, but because, you know, people are really open to building relationships and really connecting with you, I mean, I can't think of more fertile territory for you to start something."— Randy WilburnOn this episode of I Am Northwest Arkansas®, recorded in partnership with the Startup Junkies Podcast, Daniel Koontz and Ty Steele welcome Randy Wilburn, founder and host of I Am Northwest Arkansas®, to share his journey from Boston to Fayetteville and the power of community, storytelling, and entrepreneurship in the region. Randy talks about building the podcast he wished existed when he moved here, the growth and unique character of Northwest Arkansas, and how relationships are the secret ingredient for business success.Randy shares why he believes the region is fertile ground for founders, thanks to its welcoming ecosystem, mentorship opportunities, and teams willing to support even newcomers. Whether you're inspired by the stories of Walmart, Tyson, and J.B. Hunt or you want tips for discovering your "why" and connecting with your audience, this episode gives you the tools to dream big—and start small.Relationships Matter: Success in Northwest Arkansas starts with building authentic connections. Taking time to network and ask for help—from mentors or other founders—can open the right doors 08:32.It's a Fertile Land for Founders: The region's collaborative spirit, from the legacy of local giants like Walmart and Tyson to today's startups, makes Northwest Arkansas a unique place to launch and grow a business 10:16.Embrace Change and Be Ready to Pivot: The market speaks loudly. Randy shares the lesson that knowing when to change course is critical for lasting success 13:32.Storytelling is Timeless: Every founder needs to be able to clearly articulate their story and their why. Start with knowing who you are and what makes your business stand out 18:44.Incremental Growth Wins: Focus on getting just 1% better every day, and over time you'll see huge results, both for yourself and your business 25:33.Take Advantage of Local Resources: From free tech tools to the Fayetteville Public Library and organizations like Startup Junkie, Northwest Arkansas has what founders need to test ideas and get started without huge upfront costs 37:40.Listen to the Market: Seeking honest feedback—beyond friends and family—is the fastest way to know if your idea has potential. Don't ignore what real customers want 14:32.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*I Am Northwest Arkansas® Podcast WebsiteFayetteville Public LibraryStartup JunkieOnyx CoffeeZweig GroupSam Walton's AutobiographyAtomic Habits by James ClearNorthwest Arkansas CouncilJB HuntTyson FoodsThis episode is sponsored by:FindItNWA.com - Find It Fast. Find It Local.Signature Bank of ArkansasONBoardNWA.com HyperLocal Jobs in NWAThis episode is sponsored by*FindItNWA.com - Find It Fast. Find It Local.Signature Bank of Arkansas "Community Banking at its Best!"Try ONBoardNWA.com Today!*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

About the Show:"My sense of identity as an American never was as pronounced as it was when I was overseas." – Jamie AtkinsonSome people find Northwest Arkansas. Jamie Atkinson chose it after seeing most of the world first.Before planting roots in the region, Jamie Atkinson spent years as a U.S. Foreign Service officer, living and working across more than 55 countries—Argentina, Nicaragua, Bulgaria, Bolivia, the Czech Republic, and beyond. Along the way, he discovered that Delta blues music wasn't just something he loved — it was a universal language that opened doors, built trust, and connected him to people across cultures and continents. Now back in the U.S. and deeply invested in Northwest Arkansas, Jamie joins me on the podcast to talk about what it means to carry your roots with you around the world, why this corner of the Ozarks convinced his family to stay, and how a lifetime of service is shaping what comes next.Key Takeaways:Music is a Bridge: Delta blues connected people in Argentina, Bolivia, and the American South—showing that music can bring cultures together.Importance of Perspective: Living overseas gave Jamie Atkinson a deeper appreciation for being American and for appreciating other cultures.Building Community: Investing in Northwest Arkansas is about more than property—it's about relationships, teamwork, and belonging.Local Roots with Global Experience: Jamie Atkinson's experience in the Foreign Service taught him to listen, compromise, and find common ground—skills he brings to community leadership.Giving Back: Returning home, Jamie Atkinson seeks to serve his adopted community through both local business and public service.All this and more on this episode of the I Am Northwest Arkansas® podcastImportant Links and Mentions on the Show*Website: Jamie for ArkansasReach Jamie Atkinson on social: Facebook, Instagram, and LinkedInMusic Education Initiative (Orson Weems)Fayetteville Public LibraryPryor Center Juke JointFindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:Signature Bank of Arkansas "Community Banking at its Best!"FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

About the Show:"I've never pivoted so much. Not even when I play post on pickup basketball do I pivot this much and this hard." – Blanca MaldonadoBlanca Maldonado and Danielle Reynolds are back. If you caught their first appearance on I Am Northwest Arkansas® back in 2022, you already know these two are something special. A lot has changed since then — and in the best possible way.In this episode, host Randy Wilburn sits down with the duo behind Sugar Apple Co. for a real, unfiltered conversation about what it actually takes to grow a small food business in Northwest Arkansas. We're talking Rice Krispie Treats — handmade, delicious, and now the centerpiece of a brand that's been tested, pivoted, and built with intention. Blanca and Danielle open up about customer feedback that changed their direction, creative marketing on a budget, the honest truth about shipping experiments, and what resilience really looks like when you're building something from scratch.From pop-up events to a direct-to-consumer website, Sugar Apple Co. is proof that staying nimble and knowing your customer can take you further than any business plan.If you love entrepreneurship, food, and stories of people betting on themselves — this one's for you. Pull up your favorite podcast app and give this episode a listen today.Key Takeaways:Pivot Often and Stay Open: Blanca Maldonado and Danielle Reynolds show how adapting to customer needs and market feedback led to Rice Krispie treats becoming their signature and most successful product.Community Matters: Support from local mentors, colleagues, and places like Hill City Popcorn, Pearl's Books, local commercial kitchens, and the Fayetteville Public Library made a big difference in their journey.Know Your Strengths: The Sugar Apple Co partnership works because each person stays in their own lane—Danielle focuses on food science and numbers, and Blanca takes on marketing and outreach.Test and Learn: Market research doesn't have to cost thousands. The team used social media and QR codes to get quick, valuable data straight from real customers.Dream Big, Start Small: Sugar Apple Co is aiming for national distribution, but they're building a solid foundation with direct-to-consumer sales, niche markets like runners and bikers, and steady local support first.Insider Tips: Hear shipping hacks, why quality and shelf-stable products are important for scaling, and how even a failed business attempt can spark a future win.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Sugar Apple Treats – Shop online (Use code IAMNWA for a special discount!)Sugar Apple Treats on InstagramSugar Apple Treats on LinkedInPearl's Books – Fayetteville, AR bookstoreFossil Cove Brewing Co – Fayetteville, ARTwo Friends Bookstore – Bentonville, ARHill City Popcorn – Fayetteville, ARThe Momentary – Bentonville, ARSpring Kitchen – Commercial kitchen in Springdale, ARFayetteville Public Library – Studio and kitchen resourcesFindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:Signature Bank of Arkansas "Community Banking at its Best!"FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

About the Show:After seven years of weekly episodes since April 2019, I'm intentionally changing how I Am Northwest Arkansas appears in your feed. Starting now, new episodes will drop every two weeks, with bonus episodes along the way. Same mission, same stories, same commitment to this community. Just a little more room to do it right.This shift comes at a full season of life—I'm in my first year as director of communications and marketing at Fayetteville Public Library, growing my consulting work, and exploring some new ways to bring great content to you through this podcast and possibly some new formats down the road.We also hit a milestone worth celebrating: 100,000 downloads over the past three years, with nearly a quarter million total since the very beginning. None of these achievements are possible without you — the listeners who have been showing up, sharing episodes, and sending great story recommendations since day one. Thank you.Do you have a story worth telling? We want to hear it. Visit iamnorthwestarkansas.com and fill out the guest recommendation form. Some of our best episodes have started exactly that way.Important Links and Mentions on the Show*Visit iamnorthwestarkansas.com This episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:Signature Bank of Arkansas "Community Banking at its Best!"FindItNWA.comLooking to discover the best local businesses in Northwest Arkansas?

About the Show:"Financial wellness transforms communities." – Alfred Milan, CEO Express WagesIn this episode of I Am Northwest Arkansas®, host Randy Wilburn sits down with Alfred Milan, founder and CEO of Express Wages—a connection made at a recent StartUP NWA VC event—to explore how giving employees faster access to their paychecks can transform small businesses across the region.Alfred shares his journey from leading a Memphis healthcare company to launching Express Wages—inspired by workers who simply couldn't wait two weeks to access money they'd already earned. You'll hear how Earned Wage Access (EWA) strengthens hiring and retention, why financial literacy is a game-changer, and how small businesses can compete with big corporations for talent—without spending a dime extra.Whether you own a local business, care about your team's well-being, or just want practical solutions for paycheck-to-paycheck challenges, this episode delivers insights and tools you can put to work right away.Key Takeaways:Earned Wage Access (EWA): Employees can access a portion of their pay as they earn it—no more waiting two weeks for a paycheck. This helps 79% of Americans who live paycheck to paycheck.Leveling the Playing Field: Small businesses can compete for talent by providing speedy wage access and financial wellness tools, just like big companies.Employee Retention and Morale: On-demand pay and useful financial education build loyalty, reduce turnover costs, and support personal emergencies for workers.No Cost to Employers: Express Wages gives businesses value with no invoices or hidden fees. Employees only pay a small fee if they use the service, and there's even a free option.Extra Benefits: Express Wages partners with organizations offering budgeting tools, credit repair, legal support, and identity theft protection—empowering employees for the long term.Fast, Easy Setup: Most companies can launch Express Wages in just 5–7 minutes, connecting easily with payroll providers like ADP, Paylocity, Paychex, or QuickBooks Cloud.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Express Wages – Request Your Free DemoLinkedIn: Alfred MilanCall or text Alfred Milan: 901-489-3915Partners mentioned: Monarch Money, LegalShield, AllstateOrganizations referenced: Northwest Arkansas Council, Walmart, City of MemphisThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"FindItNWA.com Try ONBoardNWA.com Today!*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks. Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest Arkansas

"When you look at the world now, does it look more uncertain or less uncertain?" In December 2025, the Bank of England's Financial Policy Committee (FPC) answered that question by cutting the equity capital requirement for UK banks. David Aikman (NIESR) and John Vickers (University of Oxford), two former senior Bank insiders who helped to design the regulatory framework post-GFC, think the committee got it wrong.The FPC lowered the benchmark capital requirement from 14% to 13% of risk-weighted assets, a move that could free up roughly £30 billion of capital across the UK banking system. Aikman and Vickers see no compelling economic reason for the change. They argue that the 2015 benchmark was already set too low, built on questionable assumptions about how well resolution frameworks would work. Since 2015, Brexit, the pandemic, and a sharply stretched fiscal position have all increased the likely cost of a future crisis. The practical effect of the loosening may not even be more lending, but higher dividends and share buybacks. And the December decision may signal a weakening of the leverage ratio backstop, the constraint that limits bank borrowing regardless of how risk weights are applied.The research behind this episode:Aikman, David, and John Vickers. 2026. "The Bank of England's Capital Mistake." VoxEU, 15 January 2026. To cite this episode:Phillips, Tim, David Aikman, and John Vickers. 2026. "The Bank of England's Capital Mistake." VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestsDavid Aikman is Director of the National Institute of Economic and Social Research (NIESR). He worked at the Bank of England from 2003 to 2020, where he served as Technical Head of Division in Financial Stability and was centrally involved in the creation of the Financial Policy Committee. His research spanning macroprudential regulation, systemic risk, and the macroeconomics of financial crises has made him one of the leading academic voices on bank capital policy in the UK.Sir John Vickers is Warden of All Souls College and Professor of Economics at the University of Oxford. He served as Chief Economist and a member of the Monetary Policy Committee at the Bank of England, and chaired the Independent Commission on Banking from 2010 to 2011, which recommended substantially higher capital requirements than those subsequently adopted. His research spanning industrial economics, competition policy, and financial regulation has shaped UK banking policy for two decades.Research cited in this episodeEquity capital requirements specify the minimum proportion of a bank's assets that must be funded by shareholders' equity rather than borrowed money. Equity is the only form of funding that can absorb losses without triggering insolvency: if a bank suffers unexpected losses, its shareholders bear them first. In the run-up to the 2008 financial crisis, some large institutions held equity equivalent to as little as two or three percent of their total exposures, implying leverage of up to forty times; a small shock was enough to render them insolvent. The post-crisis repair effort was designed to ensure that could not happen again.Risk-weighted assets (RWAs) are the denominator against which capital requirements are measured. Rather than applying the capital ratio to the raw value of all assets, the framework deflates each asset by an estimated risk factor: a mortgage backed by collateral is treated as less risky than an unsecured corporate loan, for example. Capital requirements are then expressed as a percentage of this risk-adjusted total. The approach creates significant complexity and depends heavily on the accuracy of the risk weights; much of the story of 2008 was that regulators allowed banks to attach implausibly low risk weights to their exposures, understating the true leverage in the system.The Financial Policy Committee (FPC) is the Bank of England body responsible for macroprudential oversight of the UK financial system. Created in 2013, it sits above the individual regulators to take a system-wide view of whether risks are building and whether the financial system as a whole has adequate resilience. One of its primary tools is setting the overall capital requirement benchmark for UK banks. In 2015 it set that benchmark at 14% of risk-weighted assets; in December 2025 it reduced it to 13%.The leverage ratio is an alternative measure of bank capitalisation that does not apply risk weights. It expresses equity as a simple percentage of total assets, regardless of what those assets are. The UK leverage ratio backstop currently stands at around 3 to 4%, implying maximum leverage of roughly twenty-five to thirty times for systemically important banks. Vickers and Aikman note that for some UK banks the backstop has become the binding constraint, which they regard as a warning sign: it suggests that risk-weighted measures are understating actual leverage, not that the backstop should be relaxed.Resolution frameworks are the legal and operational mechanisms that allow regulators to manage the failure of a bank without a taxpayer bailout, by imposing losses on shareholders and creditors in an orderly way. A central assumption in the FPC's 2015 capital benchmark was that resolution would work effectively in a future crisis, which justified a lower capital requirement. Vickers and Aikman are sceptical: the experience of Credit Suisse in 2023, which required a state-assisted rescue despite the existence of resolution plans, illustrates that orderly resolution of a major institution cannot be taken for granted.Basel 3.1 is the latest package of international banking regulatory standards agreed by the Basel Committee on Banking Supervision, designed to address weaknesses in how risk weights are calculated. Its implementation in the UK is scheduled for 2027, nineteen years after the 2008 crisis. The FPC's December 2025 decision is partly contingent on Basel 3.1 being implemented as planned; Aikman notes that there have been repeated international delays and rollbacks, and that the UK's ability to move ahead unilaterally is constrained by what other major jurisdictions do.The 2023 banking stress saw three US regional banks (Silicon Valley Bank, Signature Bank, and First Republic) fail in quick succession in March 2023, followed by the forced rescue of Credit Suisse by UBS. These events occurred in what was, by historical standards, a relatively stable macroeconomic environment. Vickers cites them as evidence that banking sector vulnerabilities have not been eliminated by post-2008 reforms, and as a caution against complacency about the effectiveness of current safeguards.More VoxTalks EconomicsMaking banking safe Our financial system is supposed to be more resilient than before the global financial crisis, but that didn't save Silicon Valley Bank, Signature Bank or First Republic. So what went wrong, and can we fix it? Steve Cecchetti and Kim Schoenholtz suggest how regulators can make banking safer.

About the Show:"As soon as we started setting foot in Northwest Arkansas, we had a hand reach out and say, 'What do you guys need?' How can we help? How can we make this event bigger?" – Pedro Garza, Club AmericaWhat happens when one of the world's most storied soccer clubs chooses Fayetteville, Arkansas, as its next big stage?That's the conversation at the heart of this episode. I sat down with Pedro Garza, International Development Director for Club América, and Jose Romero, Sports Sales Manager with Experience Fayetteville, to talk about how our SEC college town landed its first international doubleheader—and why it matters well beyond game day.The Golden Clash at Razorback Stadium isn't just a sporting event. It's a signal. Soccer is taking root here at every level, global brands are paying attention, and this is shaping up to be a once-in-a-generation sports experience for Northwest Arkansas.Whether you love the beautiful game or you're simply proud of what this region is becoming—this one's for you.Key Takeaways:World-Class Soccer Comes to Fayetteville: The Golden Clash doubleheader brings both men's and women's teams from the legendary Club América to Northwest Arkansas, making sports history in the state.Big City Events in the Ozarks: Fayetteville's top-notch stadiums, vibrant sport culture, and welcoming atmosphere make it the perfect spot for events of this size.Deep Local Soccer Roots: Regional youth teams, college programs, and partnerships with groups like Ozark United and Comets FC show how soccer is growing fast in Northwest Arkansas.Economic and Community Boost: Events like this bring visitors, fill hotels and restaurants, and create new opportunities for local businesses and families.Building for the Future: The episode celebrates how these matches inspire future generations and foster a love for soccer that will continue to grow throughout the region.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Experience Fayetteville: experiencefayetteville.comFind event info, buy tickets, and see what's happening around town.Club América: Follow on your favorite social platform: @ClubAmericaDonald W. Reynolds Razorback Stadium: Host site for the Golden Clash.Comets FC, Ozark United, Parks and Recreation (Bentonville): Partners in local soccer clinics and youth activities.Events Calendar: Check Experience Fayetteville's online calendar for hundreds of events every month.FindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"Try ONBoardNWA.com Today!*Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our Instagram Connect With Our LinkedIn PageJoin The Facebook Group Connect with our Fearless Host, Randy Wilburn on LinkedInThank you for listening to this I am Northwest Arkansas podcast episode. We showcase businesses, culture, entrepreneurship, and life in the Ozarks.Consider donating to our production team to keep this podcast running smoothly. Donate to I Am Northwest ArkansasMentioned in this episode:NWA Daily Version 4Try NWA Daily Today!Signature Bank of Arkansas "Community Banking at its Best!"FindItNWA.com

Crain's contributing reporter Jon Asplund joins host Amy Guth to discuss the latest local health care news, including Baxter's new CEO getting a cool $29.8 million pay package in 2025, eight Chicago-area hospitals that could soon exit Blue Cross's network and local surgical center rankings. Plus: FAA seeks deeper-than-expected flight cuts at O'Hare, federal railroad agency eyes HQ move to LaSalle Street, Signature Bank acquired by New York-based Esquire for $348.4 million and Morningstar inks $5M tech partnership with U of I to secure talent pipeline. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

About the Show:"if you stay active, if you stay engaged in your life and you're serving a larger cause, like for me, helping other people to find the courage and the energy to reinvent themselves and go back to their childhood, which is what I've done with myself." – David NelsonWhat does it look like to reinvent yourself at 71? For David Nelson, it starts with a pickleball paddle and a whole lot of intentional joy.David is a wellness expert, motivational speaker, and founder of AHA University — and he'll be the first to tell you he's also the CEO of Fun. In this episode of I Am Northwest Arkansas®, he sits down with Randy Wilburn to talk about what happens when you stop treating age as a ceiling and start treating it as a starting line.After a running injury forced him to find a new outlet, David discovered pickleball — and what began as physical therapy quickly became something much bigger. He's now using the sport as a bridge between generations, cultures, and communities, proving that a simple game can open doors that might otherwise stay closed.This is a conversation about reinvention, the underrated power of play, and why Northwest Arkansas keeps showing up as the kind of place where people — and possibilities — flourish. No matter where you are in life, David's story might just be the nudge you didn't know you needed.Key Takeaways:Reinvention Has No Age Limit: You can start something new, find purpose, and build community no matter how old you are.Pickleball as a Gateway: Pickleball brings people of all ages together and helps build coordination, connection, and confidence.The Power of Play: Play is not just for kids—adults and seniors need it for mental and physical health.Active, Healthy Aging: Staying active makes a difference, even if it's just walking or playing with friends.Importance of Family & Community: Northwest Arkansas is a place where family matters, and there are many ways to connect with others.Storytelling & Legacy: Sharing your story and listening to others can inspire, heal, and help you find your real voice and values.Consistency Matters: Small steps and gradual improvement add up over time.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Aha.UniversityDavid Nelson on LinkedInFindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its...

Today we're going to connect two stories that, on the surface, look very different. One is Japan, where government bond yields have been rising, and the commentary on financial social media is busy declaring Japan is “blowing up.”The other is the spring of 2023 in the United States, when Silicon Valley Bank, Signature Bank, and First Republic, all failed within weeks of each other. These events rhyme because the underlying physics is the same. Duration risk plus leverage plus flighty funding can turn a paper loss into a real loss in about a weekend.Let's start with the basic math. When interest rates rise, bond prices fall. That's not an opinion, that's bond arithmetic.--------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

About the Show:Best of I Am Northwest Arkansas®Shining a Light on Homelessness with 7hills Homeless CenterIn this Best of episode, we revisit a powerful conversation from December 2024 with Becci Sisson, CEO of 7hills Homeless Center, and Will Roth, President of the Board. At a time when community support is more important than ever, this episode reminds us of the critical work 7hills is doing to provide hope, stability, and long-term solutions for those experiencing homelessness in Northwest Arkansas.

Rapid growth as a community bank – Five Star's strategies for using fintech to expand their customer. Detailed Summary: This episode of the Finovate Podcast features DJ Kurtze, Executive Vice President and Bay Area President of Five Star Bank, discussing the community bank's impressive growth trajectory and unique positioning in the competitive San Francisco market. Five Star Bank is a $4.6 billion community bank headquartered in Rancho Cordova with nine branches and two administrative offices, serving real estate communities, small to medium-sized businesses, nonprofits, agriculture, and governmental entities. Founded 25 years ago by real estate developers Buzz Oates and Frank Ramos, the bank has maintained a remarkable 20% compounded annual growth rate over the last five years through organic growth strategies rather than acquisitions. Kurtze joined Five Star after the collapse of Signature Bank in March 2023, bringing his team over to capitalize on opportunities created by the banking sector disruptions involving SVB, First Republic, and Signature Bank. The conversation explores Five Star's competitive advantages, which center on hiring exceptional senior bankers who understand their clients' businesses and providing direct access to decision-makers with speed and certainty of execution. The bank positions itself as "technology first," implementing advanced systems both for customer-facing services and internal operations. This technological focus, combined with their flat organizational structure and lack of legacy systems from acquisitions, allows them to operate at a 40% efficiency ratio and quickly implement customer feedback and new product offerings. The bank's approach to fintech partnerships emphasizes working with vendors who have proven track records with financial institutions and can provide plug-and-play solutions compatible with existing core banking systems. A significant portion of the discussion focuses on Five Star's specialized approach to nonprofit banking, which requires understanding unique cash flows, funding structures, and the sophisticated needs of experienced C-suite executives and board members who often come from successful business backgrounds. The bank provides advanced fraud prevention tools, insured cash sweep products for higher FDIC insurance limits, and creative lending solutions including tax-exempt financing. Kurtze closes by highlighting how community banks have advantages in fraud prevention through personal relationships and direct banker-client communication, allowing them to identify unusual transactions and protect clients more effectively than larger institutions despite having smaller technology budgets. More info: Five Star Bank: https://www.five-starbank.com/ ; https://www.linkedin.com/company/five-star-bank-california/ DJ Kurtze: https://www.linkedin.com/in/dj-kurtze-449b3934/ Greg Palmer: https://www.linkedin.com/in/gregbpalmer/ Finovate: https://www.finovate.com; https://www.linkedin.com/company/finovate-conference-series/ #Finovate #FiveStarBank #communitybank #nonprofitbanking #digitalbanking #podcast #fintechpodcast #financialservices #bank #banks #security #digitraltransformation #fintech #finserv #modernization #innovation #startup #banking

About the Show:"I swear every time I walk in and out of this building, I leave with more hope and more encouragement." – Kristen Phillips, Grazing Robin RoadIn this episode of I Am Northwest Arkansas®, host Randy Wilburn sits down with Kristen Phillips, founder of Grazing Robin Road, and Daymara Baker, business development manager at the Arkansas Food Innovation Center at the Market Center of the Ozarks (AFIC@MCO), to explore what it really takes to launch a food business in Northwest Arkansas.Kristen shares how she transformed an unexpected job loss into a thriving grazing box business, with crucial support from AFIC's commercial kitchen facility and Daymara's expert guidance. Daymara reveals how AFIC@MCO empowers entrepreneurs and local farmers with commercial kitchen space, technical training, and the connections needed to turn food dreams into reality.Whether you're an aspiring entrepreneur, a foodie, or simply love stories about community and creativity colliding in Northwest Arkansas, this episode is for you!Key Takeaways:Local Support Is Everything: AFIC@MCO gives food entrepreneurs access to affordable kitchen space, technical guidance, and mentorship, no matter what stage they're in.Community and Collaboration: AFIC@MCO actively connects entrepreneurs with local producers, markets, events, and training resources—making success more accessible.Fast-Track to Launch: With the right support, determined entrepreneurs likeKristen Phillips can start a thriving business in just a few short months.Education and Events: Both formal (like financial literacy and serve safe training) and informal (dinner series, pop-ups) programs empower business owners.Overcoming Challenges: Mindset and self-doubt are big hurdles, but strong resources and encouragement from the AFIC@MCO community help entrepreneurs push through.Giving Back: New entrepreneurs are eager to help others by sharing their lessons and tips for starting a business.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show* AFIC@MCO - Arkansas Food Innovation Center at the Market Center of the Ozarks WebsiteGrazing Robin Road Email: GrazingRobinRoad@gmail.comPhone: 479-310-0421Instagram: @GrazingRobinRoadFacebook: Grazing Robin RoadFayetteville Public Library – Serve Safe and moreStartup Junkie – Small business resources and trainingSpecial Event Mentioned:Savor the Ozarks Dinner Series at AFIC@MCO (Upcoming event celebrating local ingredients, food heritage, and entrepreneur support. Reach out toDaymara Baker at daymarab@uada.edu for details and tickets.)This episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"

About the Show:"Smile. A smile will break any entrance to any door. It doesn't matter what's going on—if you smile, you give someone the comfort zone to engage.” – Francisco Valencia “The Frisco Kid”On this episode of I am Northwest Arkansas®, host Randy Wilburn welcomes back comedian Francisco Valencia—aka the Frisco Kid—for a heartfelt and hilarious conversation about embracing dreams, building a vibrant local comedy scene, and using humor to connect cultures and spark well-being in the Ozarks.Two years since his first appearance, Francisco's comedic journey has taken him from open mics in Rogers to opening for big names and hosting packed shows at the Music Depot. But beyond the laughs, Francisco discusses the deeper purpose of comedy—educating audiences, sharing messages of hope, and weaving diverse stories that resonate for all. Whether through clean sets for corporate events or by nurturing a team of up-and-coming comics, Francisco's story is a testament to persistence, positivity, and the value of community support.Tune in for Francisco's behind-the-scenes tales, reflections on cultural identity in Northwest Arkansas, and actionable advice on finding joy and connection. Whether you're an aspiring comic, long-time resident, or recent transplant, this episode is a celebration of the power of bringing people together—one laugh at a time.Key Takeaways:Comedy as Community: Francisco's journey shows that stand-up is much more than laughs—it's about building bridges across cultures and connecting people in the Ozarks.Dreams & Perseverance: Success in comedy (and life) requires courage, resilience, and the right support group—acknowledging that “no one is truly self-made.”Clean Laughter, Real Impact: Performing clean comedy has opened doors to corporate, church, and family-friendly events, helping break stereotypes and reach broader audiences.Storytelling Power: The most memorable routines come from authentic storytelling, bringing together diverse backgrounds and shared experiences.Lifting Others Up: Francisco invests in fellow comics and artists, proving that a rising tide lifts all ships—mentoring, collaboration, and rooting for each other are central to his philosophy.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show*Episode 253 https://iamnorthwestarkansas.com/253 Follow Francisco Valencia (Frisco Kid) on Instagram: @FriscoKidLive Catch Francisco's regular show at Music Depot, Downtown Rogers (Second Friday of every month)Mentioned Resources & Organizations:Music Depot Rogers: Live event schedule and infoDiamond State Comedy Festival (October, NWA)FindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!" Try ONBoardNWA.com Today! *Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra...

About the Show:"If there's something that's calling you and it's not harming anybody, answer the call. Just do it." – Matt BuellOn this episode of I Am Northwest Arkansas®, host Randy Wilburn sits down with Matt Buell, an award-winning furniture designer and woodworker, to talk about passion, persistence, and building a career that's true to yourself. Matt didn't start woodworking until he was almost 30 years old, but his journey from counselor in a jail to a national-award-winning craftsman is both incredible and inspiring.You'll hear how Matt transformed challenges into fuel for his creativity, and how woodworking helped him find direction and peace at a difficult time in his life. He shares why he gives back by mentoring young makers, his creative process, and why he believes it's never too late to try something new. From custom restaurant pieces in Bentonville to mentoring the next generation, Matt's story proves that it's never too late to chase your calling—or to make a real difference in your community.Matt and Randy also highlight the importance of the trades, the value of hard work and learning from failure, and how Northwest Arkansas continues to inspire and support those who want to create something lasting.Key Takeaways:Embrace Second Chances: It's never too late to follow a new dream or start over.The Power of Passion: True craftsmanship comes from loving your work, not just chasing a paycheck.Learning by Doing: Failure isn't the end—it's an important part of mastering any craft.Mentorship Matters: Giving back by teaching others is both selfish and selfless; it's a way to leave a legacy.Community Canvas: Northwest Arkansas is a rich landscape for creativity, offering opportunities and supportive people for artists and makers.Trades Are Vital: Young people can build amazing careers in skilled trades, and these paths are as valuable as a college degree.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show* Matt Buell's Website: https://www.mbuellstudio.com/bioFollow Matt on Instagram and FacebookFDMC Magazine (Furniture Design Manufacturing Cabinetry): FDMC MagazineThe RYN Restaurant, Bentonville: RYNSpecial Mentions: Chef Matt Cooper, Conifer, Preacher's Son, Northwest Arkansas Council, Center for Innovation in NWA, Mike Rowe (Dirty Jobs), ULI Northwest ArkansasFindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!" Apple Seeds Fall Dinner 2025 Try ONBoardNWA.com Today! *Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to...

Scaling a Community Bank: Tech, Team, and Deposits Hosts - Tara Wean, Vice President, The Kafafian Group, Inc.         Ben Crowley, Managing Director, The Kafafian Group, Inc. Guests - Brant Ward, President, Signature Bank of Arkansas

This Day in Legal History: Treaty of Fort PittOn September 17, 1778, the Treaty of Fort Pitt—also known as the Treaty of Fort Pitt or the Delaware Treaty—was signed between the newly independent United States and the Lenape (Delaware) Nation. It was the first formal treaty between the United States and a Native American tribe, signaling an alliance during the Revolutionary War against British forces. The treaty, negotiated at Fort Pitt (present-day Pittsburgh, Pennsylvania), promised military collaboration, mutual defense, and provisions for supplies and protection for the Lenape people. In a striking and largely symbolic provision, the treaty even entertained the idea of creating a 14th state within the Union to be governed by Native Americans.Though the treaty framed the Lenape as equal partners, its promises were quickly eroded by reality. The United States failed to deliver many of the resources it pledged, and the idea of a Native-governed state was abandoned almost as soon as it was proposed. Lenape leaders had agreed to the treaty in part out of necessity, caught between colonial and British expansion and hoping to safeguard their people's survival. Instead, they faced encroachment, displacement, and repeated betrayals.Within a few years, American militias and settlers would violate the treaty's terms, seizing land and disregarding Lenape sovereignty. The alliance never materialized in the way it was envisioned. The treaty, once a beacon of potential cooperation, became an early example of the fragility of Native-American treaties with the United States. It set a precedent for broken agreements that would recur throughout American expansion.A Senate report released by Democrats on September 17, 2025, criticized KPMG LLP for failing to act on warning signs at Silicon Valley Bank, Signature Bank, and First Republic Bank prior to their 2023 collapses. The auditors issued clean reports just weeks before the banks failed due to rising interest rates and liquidity issues, yet they allegedly ignored key red flags such as massive asset devaluations, governance concerns, and internal risk assessments. Lawmakers said KPMG adopted an overly narrow view of its responsibilities and maintained close, long-term relationships with the banks, raising questions about its objectivity. The report highlighted a revolving door between KPMG and the banks, with executives and audit staff frequently moving between roles. KPMG defended its audits, saying it followed U.S. standards and criticized the report as out of step with other investigations, which have not blamed auditors for the failures.Senator Richard Blumenthal called for substantial reform to the audit industry, citing “willful blindness” by KPMG and a failure to protect the public. Though the Senate subcommittee's report is unlikely to spur immediate regulatory changes—especially given the political instability at the PCAOB—it proposed new oversight tools, including mandatory auditor rotation and a whistleblower office. The report also recommended making audit enforcement investigations public sooner, arguing that long delays leave investors unaware of potential problems. KPMG, meanwhile, noted it had improved its audit practices and achieved its best regulatory inspection in 15 years.KPMG Dismissed Red Flags at Regional Banks, Senate Review FindsA New York state judge dismissed two terrorism-related charges against Luigi Mangione, who remains accused of second-degree murder in the killing of health insurance executive Brian Thompson. Justice Gregory Carro ruled that prosecutors failed to provide sufficient evidence that Mangione acted with the intent to intimidate health workers or influence government policy—criteria necessary for charges under the state's terrorism statute. While the judge acknowledged the seriousness of the crime, he clarified that not all non-traditional crimes qualify as terrorism.Mangione, 27, still faces nine other charges in the state case, including multiple counts of criminal possession of a weapon and a charge for possessing false identification. He has also been indicted federally, where the U.S. Justice Department is seeking the death penalty. The state court's decision does not impact the federal terrorism case, which remains active. Thompson, a former CEO at UnitedHealthcare, was shot outside a Midtown Manhattan hotel in December 2024 during a company event.The case has drawn national attention, particularly as concerns grow over politically motivated violence following the recent killing of conservative activist Charlie Kirk. Public reaction to Mangione has been sharply divided, with some viewing him as a vigilante figure amid frustration with rising healthcare costs. Supporters even rallied outside the courthouse, holding signs and wearing themed attire. Mangione has pleaded not guilty to all charges, and no trial dates have been scheduled.Luigi Mangione wins dismissal of terrorism counts in US insurance executive's killing | ReutersSeveral major U.S. law firms that reached agreements with President Donald Trump earlier this year are now representing clients in lawsuits against his administration, despite concerns that the deals would deter such actions. At least four of the nine firms that made arrangements with the White House—Latham & Watkins, Willkie Farr & Gallagher, Skadden Arps, and Milbank—have since taken on cases involving challenges to Trump-era policies on immigration, transgender rights, tariffs, and environmental regulations.The firms' deals with the Trump administration, reached in March and April, came in response to executive orders targeting firms seen as opposing the president's agenda or promoting diversity policies he opposed. As part of the agreements, the firms pledged nearly $1 billion in pro bono legal work for causes aligned with the administration. Critics feared the arrangements would chill dissent and limit the firms' independence, but court records show several firms continued to litigate against the government.Legal experts suggest these firms are balancing risk with professional obligations, especially in high-profile cases involving long-standing clients or influential attorneys. For example, Latham represents Danish energy company Orsted in a lawsuit over a halted wind project, and Willkie is defending Virginia school districts in a transgender rights dispute. Milbank is involved in litigation over Trump's tariff powers and sanctuary city policies, led by prominent attorneys Neal Katyal and Gurbir Grewal. Skadden has partnered with a nonprofit to represent an immigrant woman denied a special visa.Four firms successfully challenged the legality of Trump's executive orders in court, with rulings finding they violated First Amendment protections. The administration has appealed. Meanwhile, Reuters has reported that other top firms have reduced pro bono and diversity initiatives, cautious of possible political retaliation.Some law firms that cut deals with Trump take cases opposing his administration | ReutersTesla has reached a confidential settlement with the family of Jovani Maldonado, a teenager killed in a 2019 crash involving a Tesla Model 3 operating on Autopilot. The case, which was set to go to trial next month in Alameda County, adds to a string of fatal crash lawsuits the company has quietly resolved to avoid jury trials. The Maldonados alleged that Tesla's driver-assistance system failed to detect slowing traffic and that the car struck their Ford Explorer at 70 mph, ejecting and killing 15-year-old Jovani. According to the lawsuit, the Tesla driver had no hands on the wheel at the time of impact, and the family claimed Tesla misled the public about the safety and capabilities of its Autopilot technology.Although Tesla argued the technology worked as designed and blamed the driver, it continues to settle similar cases even after Elon Musk publicly stated in 2019 that he opposed settling “unjust” lawsuits. The company has also recently settled other high-profile fatal crash suits, including ones involving distracted drivers and cases with alcohol-related elements.These legal battles come as Tesla faces mounting scrutiny over Autopilot and its marketing practices. The California DMV is pursuing an administrative complaint accusing Tesla of exaggerating its software's capabilities, with a ruling still pending. Tesla has three more fatal Autopilot crash trials scheduled in the next six months, including one in Houston involving injured police officers.Tesla Settles Another Fatal Crash Suit Ahead of Jury Trial (1) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

About the Show:“Why did nobody tell me about this?”– Dr. Kristin MarkellIn this episode of I Am Northwest Arkansas®, host Randy Wilburn sits down with Dr. Kristin Markell, an integrative medicine specialist helping women navigate the often-overlooked journey of perimenopause and menopause. Dr. Markell combines her experience as a traditional OB/GYN with holistic, whole-person strategies to provide personalized care for women in Northwest Arkansas and beyond.Together, Randy and Dr. Markell break down the basics of perimenopause and menopause—including what these terms really mean, when symptoms can start, and why every woman's experience is unique. Dr. Markell shares her personal and professional journey, the frustration women feel about the lack of education on these topics, and how integrative medicine can help women feel their best through this stage of life.The episode also explores how families, employers, and the wider community can better support women during this transition, as well as the emerging innovations and digital tools empowering women to take charge of their health.If you're a woman, love a woman, work with women, or are simply curious, this is an important conversation for you.Key Takeaways:Menopause is natural but often misunderstood: Most women aren't taught about perimenopause and menopause early enough. Symptoms can start as early as a woman's 30s—not just in the 50s or 60s—and everyone's experience is different.Definitions matter: Menopause is officially when a woman hasn't had a period for one year; perimenopause is the 7-10 years leading up to that.Symptoms are more than hot flashes: Every area of the body can be affected, from brain fog and anxiety to fatigue, aches, and sexual health changes.You don't have to “just deal with it”: Dr. Markell urges women not to “white knuckle” through symptoms—there are treatments and support, including both hormonal and non-hormonal options.Integrative medicine offers personalized care: Dr. Markell's approach looks at the whole person, from nutrition to stress to long-term wellness, not just the symptoms.Support is a team effort: Family, partners, co-workers, and employers all play a role in helping women thrive during this time.Resources are growing: New digital tools, wearables, and dedicated clinics (including right here in NWA!) are giving women greater access to care and information.All this and more on this episode of the I Am Northwest Arkansas® podcast.Important Links and Mentions on the Show* Dr. Kristin Markell's Website: https://kristinmarkellmd.comThe Menopause Society: https://www.menopause.orgDr. Markell on Instagram: @kristenmarkellmdDr. Markell on LinkedIn: https://www.linkedin.com/in/kristinmarkellmd/Contact Dr. Markell's Office: 479-222-0966You can listen to the I Am Northwest Arkansas® podcast weekly on KUAF 91.3 FM's Ozarks at Large(Other resources and episodes mentioned: Mel Robbins, “The Diary of a CEO” with Steven Bartlett, Dr. Peter Attia & Dr. Rachel Rubin Podcast, Midi Health, Electra Health)FindItNWA.com NWA's Hyperlocal Business DirectoryThis episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!"

Revisit the story of NWA Daily's evolution from casual conversation to a vital newsletter with over 35,000 subscribers—powered by community-driven journalism and unwavering local spirit.

Enjoy an engaging conversation with Doug Riverman Allen as he navigates restaurant life—from Jose's Bar & Grill to launching Bubba's Barbecue in Eureka Springs—and his commitment to community and mentorship.

0:00 - Anti-ICE riots 12:54 - BLM Brandon: ICE raids are what US would look like if South won the Civil War 35:04 - Madigan 53:01 - No WH picnic for Rand Paul 01:11:49 - U.S. Congressman Brandon Gill, who represents Texas’ 26th District and serves on the House Oversight Committee, shares some of the questions he plans to ask Governor J.B. Pritzker and other sanctuary state leaders at today’s hearing. Keep updated with Rep Gill on X @realBrandonGill 01:24:38 - Dentist at Oakmont 01:28:03 - Jim Jordan, Congressman for Ohio’s 4th District, gears up for today’s hearing with sanctuary state governors, saying, “Not all Democrats are crazy — but the left that controls the party is.”Stay connected with Rep. Jordan on X @Jim_Jordan 01:45:11 - Producer & Director Jeff Hays shares details from his newest documentary Toxic Nation: From Fluoride to Seed Oils — How We Got Here, Who Profits, and What You Can Do. Watch Toxic Nation for free at mahafilms.com 02:00:42 - Kevin Bastuga, Co-Founder and EVP of Signature Bank, highlights the bank’s personal approach — where they know your name, your goals, and maybe even your golf handicap. For more on signature bank signaturebank.bank. Signature Bank is sponsoring next weeks AM 560 Golf Outing - Sign up your foursome today! 560theAnswer.com/golf 02:16:31 - AWFLs railing AWFL influencers for not rebuking ICE and rallying around mostly peaceful protestors to grow the resistanceSee omnystudio.com/listener for privacy information.

About the Show:In this episode of I Am Northwest Arkansas®, host Randy Wilburn welcomes Rick Spicer, the owner of Pack Rat Outdoor Center, to discuss the joys and challenges of outdoor adventures in the Ozarks. From his humble beginnings in East Arkansas to becoming an outdoor educator and business owner, Rick shares his passion for connecting people with nature and the skills necessary for safe and enjoyable outdoor experiences.Along with running the Pack Rat Outdoor Center, Rick introduces listeners to the many outdoor clinics and events they host, from rock climbing and survival skills workshops to archery instruction and wilderness challenges like the Brewha Bushwhack. These programs encourage teamwork, skill-building, and a deeper connection with nature. Throughout the episode, Rick emphasizes the importance of fostering a love for the outdoors in the next generation, highlighting the need for balance between technology and time spent outside.Join us as we explore Rick's journey, the philosophy behind Pack Rat, and the incredible outdoor opportunities that Northwest Arkansas has to offer. This episode is perfect for anyone looking to deepen their connection with nature and enhance their outdoor skills.Key Takeaways:Embrace the Outdoors: Nature offers invaluable experiences that foster personal growth and connection.Skill Development: Learning survival skills enhances outdoor adventures and builds confidence.Community Engagement: Local events like outdoor clinics and the Brewha Bushwhack strengthen bonds among outdoor enthusiasts.Value of Experience: Personalized service at specialty outdoor stores enhances the customer experience.Preserving Public Lands: Advocacy for public access to outdoor spaces is crucial for future generations.All this and more on this episode of the I am Northwest Arkansas podcast.Important Links and Mentions on the Show*Email Rick SpicerWebsite Pack Rat Outdoor CenterPack Rat Outdoor Center on YouTubePack Rat Outdoor Center on FacebookBrewha Bushwhack on InstagramBrewha Bushwack RegistrationTune in to KUAF 91.3 FM to listen to the I am Northwest Arkansas® podcast on Ozarks at Large every Tuesday at 12 Noon and 7 PM CST. And, check us out on their podcast as well. This episode is sponsored by*(Sponsored by)Signature Bank of Arkansas "Community Banking at its Best!"

About the Show:"We are building a place that makes people's lives appreciably better." - Alli QuinlanIn this episode of I am Northwest Arkansas®, host Randy Wilburn takes us on a journey through the transformative power of placemaking at the 2024 ULI NWA Place Summit. With a focus on creating vibrant, sustainable communities, Randy engages with thought leaders, community members, and experts who are redefining what it means to build a place that truly serves its people.The summit showcases how Northwest Arkansas is evolving, emphasizing that placemaking is not just about buildings and aesthetics, but about enhancing the quality of life for everyone. From discussions on affordable housing and community engagement to the critical role of transportation engineering, this episode highlights the collaborative efforts needed to create spaces that foster connection and opportunity.Join us as we hear from influential voices like Alli Quinlan, Duke McLarty, Megan Brown, and others who share their insights on the importance of community involvement and innovative solutions in shaping the future of Northwest Arkansas. This episode is essential for anyone interested in urban development, community planning, and the shared vision of a brighter future for our region.Key Takeaways:Community-Centric Approach: Successful placemaking prioritizes the needs and experiences of residents over mere aesthetics.Collaboration is Key: Engaging various stakeholders—residents, businesses, and government—is crucial for effective placemaking.Long-Term Vision: The impact of placemaking initiatives may take years to realize, but the groundwork laid today will shape the future.Inclusive Development: Faith-based organizations and local communities play a vital role in addressing housing shortages and fostering inclusivity.Transportation Matters: Thoughtful traffic engineering and planning are essential to creating livable spaces that prioritize pedestrian and community needs.All this and more on this episode of the I am Northwest Arkansas podcast.Important Links and Mentions on the Show*Website ULI Northwest ArkansasThis episode is sponsored by*(Sponsored by)Signature Bank of Arkansas "Community Banking at its Best!" Northwest Arkansas Council - "Life Works Here!" Try ONBoardNWA.com Today! *Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect...

About the Show:"The journey of growth is often paved with challenges, but it's through these experiences that we truly learn." - Brooks EllisIn this episode of I Am Northwest Arkansas®, host Randy Wilburn talks with Brooks Ellis, a former professional football player turned youth coach. Brooks shares his journey from growing up in Fayetteville to playing in the NFL and now coaching young athletes. He discusses the importance of mindset, hard work, and lessons learned from both victories and setbacks.Brooks reflects on his time with the New England Patriots and Jacksonville Jaguars, highlighting how those experiences shaped his views on recovery, perseverance, and growth. He emphasizes the value of failure as part of success and encourages young athletes to focus on the process, not just the results.Tune in as Brooks shares his approach to coaching, developing a love for the game, and building leadership skills in young athletes. This episode is for parents, coaches, and anyone interested in youth sports and personal growth.Key Takeaways:Value of the Process: Success is not just about winning; it's about the growth experienced along the way.Mindset Matters: Developing a strong mindset is crucial for overcoming challenges and achieving personal bests.Embrace Failure: Learning to fail is an essential part of the journey that leads to greater success.Community Impact: Coaching is about more than just sports; it's about shaping the character of young individuals.Leadership Development: Encouraging young athletes to be leaders both on and off the field is a key focus of Brooks' coaching philosophy.All this and more on this episode of the I am Northwest Arkansas podcast.Important Links and Mentions on the Show*Email Brooks EllisWebsite Brooks Ellis CoachingBrooks Ellis Coaching on InstagramBrooks Ellis Coaching on LinkedInBrooks Ellis Coaching on FacebookEpisode 266 - Fayetteville High School Football Coach Casey Dick Reflects on Championship SeasonTune in to KUAF 91.3 FM to listen to the I am Northwest Arkansas® podcast on Ozarks at Large every Tuesday at 12 Noon and 7 PM CST. And, check us out on their podcast as well. This episode is sponsored by*(Sponsored by)Signature Bank of Arkansas "Community Banking at its Best!" Northwest Arkansas Council - "Life Works Here!" Try ONBoardNWA.com Today! *Note: some of the resources mentioned may be affiliate links....

About the Show:As we celebrate Black History Month, we take this opportunity to revisit the inspiring legacy of Mal Goode—the first Black network newscaster in the United States. Originally released in October 2024, this episode highlights his groundbreaking career, resilience in the face of adversity, and the profound impact he had on journalism and beyond.Mal Goode's journey from humble beginnings to breaking barriers at ABC News is a testament to the power of perseverance and the importance of representation in media. His work paved the way for generations of Black journalists and broadcasters who continue to shape the industry today.Throughout February, several events across the country are honoring Mal Goode's life and contributions, and we are proud to do our part by resharing this conversation. His story remains as relevant as ever, reminding us of the courage and determination required to create lasting change.Tune in to hear reflections on his remarkable career, the lessons he imparted, and the legacy he left behind.Mal Goode's Historic Achievements:First Black Network Newscaster in the U.S. – Mal Goode broke racial barriers in journalism when he joined ABC News in 1962.Pioneer for Black Journalists – His presence on national television paved the way for greater representation in media.Reporter of Historic Moments: Covered the funerals of Malcolm X, Robert F. Kennedy, and Martin Luther King as well as the Poor People's March from Mississippi to Washington DC.United Nations Correspondent – Covered global affairs, setting a precedent for Black journalists in international reporting.All this and more on this episode of the I am Northwest Arkansas podcast.Important Links and Mentions on the Show*Mal Goode's Book: Mal Goode Reporting: The Life and Work of a Black Broadcast TrailblazerTune in to KUAF 91.3 FM to listen to the I am Northwest Arkansas® podcast on Ozarks at Large every Tuesday at 12 Noon and 7 PM CST. And, check us out on their podcast as well. This episode is sponsored by*Signature Bank of Arkansas "Community Banking at its Best!" Northwest Arkansas Council - "Life Works Here!" Try ONBoardNWA.com Today! *Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase.Connect more with I am Northwest Arkansas:Grab our Newsletter Email Us at hello@iamnorthwestarkansas.comConnect With Our Facebook Page Connect With Us on Threads Connect With Our

About the Show:This week, we revisit a powerful episode of I Am Northwest Arkansas® featuring Becci Sisson, CEO of 7hills Homeless Center, and Will Roth, President of the Center's Board. Together, they explore the growing issue of homelessness in Northwest Arkansas and share inspiring stories of hope, transformation, and the impact of community collaboration.Becci brings years of nonprofit leadership and firsthand experience addressing the needs of underserved populations. Will's dedication as a board leader exemplifies his commitment to tackling housing insecurity through advocacy and action. Their combined efforts highlight the pivotal role of 7hills Homeless Center in providing shelter, meals, personal care, and case management services that empower individuals on their journey to self-sufficiency.Episode Highlights:Community Matters: Becci and Will emphasize the importance of collective empathy and involvement in addressing homelessness effectively.Holistic Solutions: 7hills Homeless Center offers not just immediate assistance but also tools for long-term success.Inspiring Outcomes: Learn how lives have been transformed through the support of 7hills Homeless Center.A Blueprint for Change: The Center is working toward a replicable model to combat homelessness, both locally and beyond.Get Involved: Discover practical ways to support 7hills Homeless Center's mission, from volunteering to donations.All this and more on this episode of the I Am Northwest Arkansas podcast.Important Links and Mentions on the Show*Email Becci SissonEmail Will RothWebsite 7hills Homeless CenterEarlier EpisodeSupport 7hills Homeless Center:If you're inspired by this episode and want to make a difference, consider supporting 7hills Homeless Center. Every contribution helps provide critical services to those in need. Click here to donate.Tune in to KUAF 91.3 FM to listen to the I Am Northwest Arkansas® podcast on Ozarks at Large every Tuesday at 12 Noon and 7 PM CST. And, check us out on their podcast as well. This episode is sponsored by*(Sponsored by)Signature Bank of Arkansas "Community Banking at its Best!" Northwest Arkansas Council - "Life Works Here!" Try ONBoardNWA.com Today! *Note: some of the resources mentioned may be affiliate...

John Palmer delves into his extensive career in banking, and highlights the golden opportunity that lies in small and mid-sized banks. He highlights trends like consolidation, regulatory evolution, and technological advancements. Looking ahead, he is optimistic about the banking sector's recovery cycle and its capacity for sustained growth, even amid challenges like commercial real estate pressures and emerging fintech innovations.  Today we discuss... John Palmer shared his extensive experience in the banking industry, including his career start at KPMG and his transition to founding a banking-focused investment fund in 1996. How the banking industry has undergone massive consolidation since the 1990s driven largely by efficiency and cost-saving opportunities. Key trends like stricter regulations, higher capital requirements, improved loan underwriting, and the transformative impact of technology on banking operations. The causes of the recent crises at Silicon Valley Bank, Signature Bank, and First Republic, emphasizing asset-liability mismanagement during rapid rate hikes. Blockchain technology acknowledged as a potential long-term asset for banks and skepticism about the role of cryptocurrency in traditional banking. The current banking stock cycle entering an upward phase, with profitability projected to grow steadily through 2026. Bank earnings and stock performance are rising, driven by factors like margin expansion and easing deposit costs. Banks with $1-$10 billion in assets are attractive targets for M&A due to cost savings and growth opportunities. Major banks are expanding branch networks in rural areas, targeting low-cost deposits, while smaller banks focus more on digital channels. The Midwest and Mideast regions show the most M&A activity, though the Southeast and California are also of interest. Investments focus on public banks with shareholder lists amenable to proxy support for structural changes. Banking regulation relief under a new administration could lower compliance costs and ease capital requirements. A normalized yield curve is boosting loan repricing and margins, contributing to earnings growth. Bank valuations remain attractive compared to broader markets, with banking stocks trading at significant discounts to earnings. For more information, visit the show notes at https://moneytreepodcast.com/golden-opportunity-john-palmer-666  Today's Panelists: Kirk Chisholm | Innovative Wealth Phil Weiss | Apprise Wealth Management   Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast  

About the Show:"Once I learned that they'd give me trophies and awards and scholarships for saying words, I thought, that's in my wheelhouse."Aaron MankinAbout the Guest:Aaron Mankin is a highly-recognized Marine veteran and motivational speaker. Hailing from Rogers, Arkansas, Aaron served as a combat correspondent during the Iraq War. His life drastically changed following a severe injury from an IED explosion in 2005. Aaron has since undergone nearly 70 surgeries to aid his recovery and has become a prominent figure in veteran advocacy. His story and efforts in public speaking focus on resilience, recovery, and supporting fellow veterans. Aaron's dedication to sharing his experience and raising awareness about veterans' issues has had a significant impact, helping to launch initiatives like Operation Mend at UCLA for facial reconstruction for wounded service members.Episode Summary:In this heartfelt Veterans Day episode of the I Am Northwest Arkansas podcast, host Randy Wilburn engages with Aaron Mankin, a Marine veteran with an inspiring story of bravery and perseverance. Aaron, who grew up in Rogers, Arkansas, chose to serve as a Marine combat correspondent following the events of 9/11. His military career took a dramatic turn in 2005 when he was severely injured by an IED explosion in Iraq. Despite his traumatic injuries and enduring over 70 surgeries, Aaron has emerged as a beacon of resilience and hope, dedicating his life to advocating for veterans' issues.Aaron shares his powerful journey, detailing the events leading to his injury, the intense recovery process, and the support systems that helped him rebuild his life. He discusses the importance of mental and physical resilience, the role of family and fellow veterans in his recovery, and his transition into advocacy work. Aaron emphasizes the need for continued community support for veterans, encouraging listeners to educate themselves and get involved with veteran initiatives. His story is a testament to the strength of the human spirit and the power of a supportive community.Key Takeaways:Aaron Mankin emphasizes the significance of education and involvement in veterans' issues to better support and understand their challenges.The Marine Corps prepared Aaron for resilience, which played a crucial role in his recovery and future advocacy work.Aaron's belief in the mantra "scars are not forever" reflects his journey from physical and emotional recovery to finding a renewed purpose.Community and camaraderie within veterans' support groups were pivotal in Aaron's recovery and transition into civilian life.Aaron urges the community to support veterans actively and not just through words, but with meaningful actions and contributions.All this and more on this episode of the I Am Northwest Arkansas podcast.Important Links and Mentions on the Show*Email Steve MankinTune in to KUAF 91.3 FM to listen to the I Am Northwest Arkansas podcast on Ozarks at Large every Tuesday at 12 Noon and 7 PM CST. And, check us out on their podcast as well. This episode is sponsored by*Signature Bank of Arkansas "Community Banking...

Our new podcast, Banking on Community: A Podcast for Community Bankers, is here! Hosted by Tara Schultz, CSI's SVP of strategic insights and industry relations, Saxon Prater, CSI's manager of PR and corporate communications and Brett Glover, CSI's director of relationship management, Banking on Community will dive into how community banks are staying competitive, using technology to grow, making a difference in the lives of their customers and more. In our first episode, our hosts explore the current state of banking, from AI and open APIs to leveraging data and partnering with fintechs. We also highlight how Signature Bank of Arkansas met a need in its community by opening two Spanish-speaking branches to serving a growing population. Listen to our premiere episode now. Thanks for listening! Feel free to submit questions on X or LinkedIn using #BankingonCommunityPod and give us a follow! LinkedIn X Facebook YouTube

The Recovery Act | They Knew this would Happenhttps://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 08/14/24  WASHINGTON, DC - MARCH 13: A seal on the exterior of the U.S. Department of Treasury building is seen as they joined other government financial institutions to bail out Silicon Valley Bank's account holders after it collapsed on March 13, 2023 in Washington, DC. U.S. President Joe Biden tried to assure the public that the U.S. banking industry was safe following SVB's collapse and after New York regulators' forced closure of Signature Bank. (Photo by Chip Somodevilla/Getty Images)

With the collapse of SVB and Signature Bank, I've received a lot of questions about FDIC insurance. In this video, we'll cover the basics of how FDIC insurance works. I'll also show you a free tool from the FDIC you can use to calculate your FDIC coverage.Join the newsletter: https://robberger.com/newsletter/?utm...FDIC FAQ: https://www.fdic.gov/regulations/reso...FDIC Calculator (EDIE): https://edie.fdic.gov/

On today's show we are going to look at something that has been making financial headlines all over the world over the past two days. The purpose of discussing it on this show is that even the major financial media like the Wall Street Journal and Bloomberg have been misreporting the story.  The headline is that another Bank, this time a Japanese bank is running into trouble. The assumption is that the problem has to do with the inversion of the yield curve and investment in long term treasuries is the reason for the bank's problems. Some of the problems which cause the failure of Silicon Valley Bank, First Republic Bank and Signature Bank last year stemmed from the need to raise additional cash, and in so doing, those banks were forced to sell US Treasuries at a loss. If those banks had the luxury of holding those bonds to maturity, then there would have been no losses.  What we will discuss today is that the symptoms look similar, but that the root cause of the actual problem is quite different.  ------------ **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Regional lender New York Community Bancorp has already had a rocky year so far and recently replaced its CEO following revelations of “material weaknesses.” NYCB acquired nearly $40 billion in assets last year from the failing Signature Bank, and that rapid growth can make it hard for internal controls to keep up. Also, a federal judge in Alabama struck down an anti-money-laundering law. And interest rates aren’t included in inflation calculations. What gives?

Regional lender New York Community Bancorp has already had a rocky year so far and recently replaced its CEO following revelations of “material weaknesses.” NYCB acquired nearly $40 billion in assets last year from the failing Signature Bank, and that rapid growth can make it hard for internal controls to keep up. Also, a federal judge in Alabama struck down an anti-money-laundering law. And interest rates aren’t included in inflation calculations. What gives?

Today on Group Chat News we have a special interview with Kevin Gould,  an entrepreneur, talent manager, brand builder, and investor. He just returned from a business trip to China so he gives us the inside scoop on everything related to his trip. We also dived into some of the hottest news topics of the week including UPS announcing 12,000 job cuts, the PGA tour finalized a deal bringing them 3 billion in funding, FTX customers will be paid back in full, and the latest summary of the Fed meeting, plus much more! Timeline of What Was Discussed: An interview with a friend of the pod, Kevin Gould, to discuss the state of brands and consumers. (0:00)  Great for golf. (40:47)  FTX customers getting paid back in full. (45:23)  Recapping the latest Fed meeting. (46:27)  Related Links/Products Mentioned  All the headline numbers have showed that the labor market is incredibly strong.  UPS announces 12,000 job cuts, says package volume slipped last quarter  The PGA Tour has finalized an agreement with Strategic Sports Group, injecting about $3 billion of cash into a new for-profit entity.  UPDATE: FTX will not be restarted as an exchange. Bankruptcy court claims that customers will be repaid “IN FULL.”  SUMMARY OF FED DECISION (1/31/24)  BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, falls 40% after earnings.  Connect with Kevin!  IG: @keving  LinkedIn  Website  Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We're @groupchatpod on Snapchat    

It’s been nearly five months since the collapses of Silicon Valley Bank and Signature Bank sparked upheaval in the banking industry. But this week, Moody's cut the credit ratings of several regional banks, citing problems related to rising interest rates and troubled loan portfolios. We’ll dive in. Plus, California trucking companies go electric, and a decline in China’s exports hints at a global spending slowdown.

On today's episode of The Breakdown, we're revisiting an important topic in light of recent financial news. As the FDIC prepares to take over First Republic Bank, we're airing an episode of The Momentum Advisors that originally aired on March 19th. In this episode, they discuss what happens when banks fail and provide insight into the recent failures of Silicon Valley Bank and Signature Bank. They also delve into the history of bank failures in the US and offer tips on how to protect yourself if this happens to your bank in the future. It's a timely and informative episode that you won't want to miss. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the first half of March, three banks - Silicon Valley Bank, Signature Bank, and Silvergate - all had relatively classic bank runs and collapsed. Which sparked some major banking stress. As a result, the Federal Reserve got a lot of requests to use one of its oldest and most important tools for soothing such troubles: the discount window.The discount window is like a safety net for banks. And recently, a lot of banks have needed it. So, what is the discount window, where did it come from, and how does it work? And, amidst all the recent banking turmoil, has it been working the way it should? In this episode, we crack open the discount window.This episode was produced by Emma Peaslee with help from Willa Rubin. It was engineered by Katherine Silva. It was fact-checked by Sierra Juarez and edited by Sally Helm. Jess Jiang is our acting executive producer.Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Top monetary officials including Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen say things have stabilized in the two weeks since panicked depositors rapidly withdrew their money from Silicon Valley Bank and Signature Bank, causing both to fail. But on top of revisiting recently-relaxed banking regulations, policy makers are pondering how to handle the risk of bank runs in the age of smartphone banking.This episode: White House correspondent Asma Khalid, chief economics correspondent Scott Horsley, and national political correspondent Mara Liasson.The podcast is produced by Elena Moore and Casey Morell. It is edited by Eric McDaniel. Our executive producer is Muthoni Muturi. Research and fact-checking by Devin Speak.Unlock access to this and other bonus content by supporting The NPR Politics Podcast+. Sign up via Apple Podcasts or at plus.npr.org. Giveaway: npr.org/politicsplusgiveaway Connect:Email the show at nprpolitics@npr.orgJoin the NPR Politics Podcast Facebook Group.Subscribe to the NPR Politics Newsletter.

Today we're joined by Carol Roth, economic pro and recovering investment banker, to discuss Silicon Valley Bank, which failed over the weekend. Carol breaks down what happened on Friday with Silicon Valley Bank's failure, reportedly the second-largest bank failure in history, as well as the subsequent failure of a second bank — Signature Bank. How did the Federal Reserve's rapidly rising interest rates contribute to this catastrophe, and how will it affect us? The implications of this extend far outside of California, so we discuss how much we should be concerned and why it's important not to panic, but instead hope for the best and plan for the worst. We close out with a change in pace as we review the best and worst looks from the Oscars last night. You can grab Carol's new book, "You Will Own Nothing," this July. Visit CarolRoth.com/nothing to pre-order your copy. --- Timecodes: (01:08) Interview with Carol begins (2:40) What happened with Silicon Valley Bank? (18:27) Short-selling stocks (19:40) The federal government's response (23:30) Is this Biden bailing out his liberal friends? (27:47) Revolution of global financial market (32:30) ESG & global elites (38:02) "You will own nothing" (46:20) Is there hope? (52:45) Oscars fashion --- Today's Sponsors: Good Ranchers — change the way you shop for meat today by visiting GoodRanchers.com/ALLIE and use promo code 'ALLIE' for $20 off your first order. Subscribe in March and you can get free bacon for a year. Also this month, you can potentially win over $2000 in free meat (free meat for a year!) by filling out your March Meatness bracket at goodranchers.com/march. Epic Will — be intentional about your family, your values and your wishes. Go to EpicWill.com/ALLIE and you'll save 10% on your complete Will package. Seven Weeks Coffee — Seven Weeks is a pro-life coffee company with a simple mission: DONATE 10% of every sale to pregnancy care centers across America. Get your organically farmed and pesticide-free coffee at sevenweekscoffee.com and let your coffee serve a greater purpose. Use the promo code 'ALLIE' to save 10% off your order. Nefarious — catch the psychological thriller (based on the book by Steve Deace) that deals with the true nature of good and evil, out April 14 nationawide. Watch the trailer now at whoisnefarious.com. --- Links: Bloomberg: "Signature Seized by Regulators as Pain Spreads From SVB's Fall" https://www.bloomberg.com/news/articles/2023-03-12/signature-bank-closed-by-new-state-regulators-fdic-says#xj4y7vzkg New York Post: "While Silicon Valley Bank collapsed, top executive pushed ‘woke' programs" https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/ The Verge: "Etsy is delaying seller payouts following Silicon Valley Bank's collapse" https://www.theverge.com/2023/3/12/23636379/etsy-delaying-seller-payouts-silicon-valley-bank-collapse --- Buy Allie's book, You're Not Enough (& That's Okay): Escaping the Toxic Culture of Self-Love: https://alliebethstuckey.com/book Relatable merchandise – use promo code 'ALLIE10' for a discount: https://shop.blazemedia.com/collections/allie-stuckey Learn more about your ad choices. Visit megaphone.fm/adchoices