Episode 221: "Are We Really Surprised We're Having Another Banking Crisis?" with Alex Pollock and Steve Dewey
It looks like the bill is finally coming due after decades of reckless monetary policy and out of control federal spending. After 40 years of relatively stable prices, we now have raging inflation. Interest rates have risen dramatically. Mortgage rates have more than doubled. And commercial banks are now sitting on more than $600 billion of unrealized bond losses.
Of course, and as expected, with the Silicon Valley Bank bailout, the Regulators have pulled out their default playbook declaring yet another institution systematically risky, taking another step toward the federalization of our…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.