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FOXNEWS MediaBuzz June 4, 2024 15:39:00

Heard because banks always pass those things along to their customers. their depositors are average american taxpayers. duh. [laughter] howard: i do want to mention before i get to the last question that the government also closed signature bank in new york. barney frank was on the board, he maid made more than $2 million, a lot of dodd the-frank. howard: yeah, it was a bank that the catered to crypto, and that s a risky investment. last question is this, we have about half a minute, why would the fed bail out silicon valley bank anyone with over $250,000, that s usually the federal limit? and so you get gavin newsom and his wineries and mark cuban and some of these guys who are zillionairesesome. i m not saying they should, but their rationale, no business and most businesses do have bank accounts would be using a bank for short-term lending, and that would lead to a massive run on particularly not the money-centered banks like jpmorgan, but everyone else. ....

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