country? by the way you know it pissed me off with a silicon valley bank. he build out billionaires and millionaires by going above the $250,000 guarantee at the fdic. that s absolutely right. they re taking 20 billion in bad loans from sbb and 13 billion from first republic. was gonna end up paying for that? this is in a textbook bailout. we get to hattie wanted to find a bailout? how do you want to define a recession? that would get passed on from the fdic to the banks. the banks are gonna pass it to the consumer. the obit bank account j.p. morgan chase or another big bank you will end up paying for it. these banks become larger and larger. now there are groups of liberals in this country that want to confiscate the wealth of people and give it a wait to buy votes. by the way, about kaylee s book serenity in the storm. it s a bookstores tomorrow. amazon.com. hannity.com. i need the piece of mind. great to see you kaylee. jackie, thank you for joining us. more hannity, straight ah
Transcripts for FOXNEWS Hannity 20240604 01:51:15
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side? i d be very surprised if he tried to stay over here. at this point, he s maybe trying to go back to mexico to blend in. neil: amazing. thanks, john. it s going to get worse as you said and you ll be busier if that is remotely possible. meantime, draw your attention to the corner of wall and broad. we had a sell off. 367 is a lot of points. it s a little more than a percent. it was worse. all on bank fears. remember when we had j.p. morgan chase? other banks could be in trouble or need help again as well. and it s conjuring up images of 2008, 09 after this. did at the . i hired local talent. if i knew about upwork,
party. apple just announced a high-paying savings accounts. guess what happened? they took in a billion dollars in the first few days. just remember, this is for riskless income investment. people want to know their money is at risk. now you have a situation where j.p. morgan sat and waited, first republic was out, get it first song, got guarantees on the real estate and guarantees the big banks will sit on the sofa waiting for the next shoe to drop. all they have to do, just watch stock prices. if the stock prices continues to plummet for some of these smaller mid size names, the market will come for them, the depositors will leave and j.p. morgan which has 17% of all deposits will ends up at 25% one day. good for them. they re doing the right thing. neil: alan, let me get your views. most think it s a quarter point
debt ceiling isn t getting any closer or al least closer to getting resolved. more on that later with senator john thune. for now, the anxiety of palpable. we saw it up close and personal. let s just say it was a lot uglier earlier. connell mcshane has more. it was worse earlier. you could feel the sense of nervousness coming back to wall street today after what was really at the end of it a one-day sign of relief after first republic was purchased by j.p. morgan chase. we saw the selling resume for the regional bank stocks. we found out the senate banking committee will have a hearing on the banking issues thursday of this week in washington. those worries have been combined with the looming fed decision on interest rates and more signs that, you know, just the economy is slowing down, including new data that came out showing job openings falling. you mentioned pac west.
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