Joseph Wang LIVE (Bank Bailouts and Moral Hazards Deep Dive)

buy my stuff

[jasonf]

That's the problem with America today. Bad behavior is incentivized at every aspect of life. The govt constantly encourages bad behavior and punishes good behavior.

[saurabhksharma]

Glad Joseph is on the show more often, so much knowledge to gain.

[TheCrypttonight]

This is due to the government entering the banking industry. Banks used to be called trusts, because they were conservative in their investment practices. This protected people's money and they would compete how "safe" your money was so you would "trust" them. Now they just provide customer service as they mismanage your money.

[michaelbouwkamp]

George is the voice of the people, you can hear the frustration and outrage in his voice

[noseyparker]

CBDC is one step closer.
Happy Days NOT.
Yet another catch phrase
This is not a Bail-Out

[Jeff__M]

Joseph you are the man! Thank you! George, thanks for the free sauce! 🤙

[tylerwebb]

Thanks George, always really high quality conversations on here. 👍

[RobWilliams]

That guy with $15 mill is treating a bank like a restaurant

[psabrsula]

Absolute power corrupts absolutely! -Lord Acton

[brandonbaker]

Joseph SVB is a very critical bank. Brandon's friends and family bank there. Making them whole was critical for Brandon and the DNC.

[kathrynludrick]

This is the best and most credible explanation I've heard. Thank you.

[darkangeldavid]

Joseph you are great, learn a lot thank you and George thanks for having him on n all that you do 😎

[futonfave]

Win or everybody gets a trophy nowadays. Sometimes I think these bank failures are planned at some level and far in advance. And the bankers enjoy the gravy train right up to the end. It makes sense. Dollars and cents.

[normal_norm]

What was the percentage of deposits at SVB that were NOT insured by FDIC ? I think I read it was 94 percent, I should have paid attention.
ANYONE KNOW ???

[gcorpstrategies]

The best info around the bs that's just transpired. Thank you gentlemen

[Franchise_]

If my house declines in value is the fed going to guarantee entire purchase amount? I mean afterall, my mortgage will probably be sitting in one of the MBS held in the BTFP.

[mjlivie]

REGULATION is non existent limits dont exist and after 2008 the NON REGULATION is letting the same thing happen again

[aaronsterlind]

"Losses are Socialized". There you go.

[smokeycook]

Inflation is alive and well. A bag of fertilizer has doubled in price from a few years ago.

[djghostriderTV]

You've just answered your own question there on CBDCs, by CB putting the balances of banks depositors on their own CB balance sheet, mitigating bank failure risks. Then, the coverage of pensions & social security remittances are also, mitigated by Government borrowing decreasing Gov MMT's dependency on the debt ceiling.