In the wake of the collapse of Silicon Valley Bank, the Biden administration has taken the extraodinary step of guaranteeing all the bank’s deposits — even those well above and beyond the $250,000 limit guaranteed by the government’s Federal Deposit Insurance Corporation. The blame game on the bank’s failure is well underway, with Democrats pointing fingers at Donald Trump, but many Democrats went along with the 2018 deregulations that the GOP-led Congress passed. Jimmy talks and Americans’ Comedian Kurt Metzger discuss this latest episode of government intervention in the U.S. banking system. Kurt Metzger on Twitter: Kurt’s website: Become a Premium Member: Go to a Live Show: Subscribe to Our Newsletter: LIVESTREAM & LIVE SHOW ANNOUNCEMENTS: Email: Twitter: Facebook: Instagram: WATCH / LISTEN FREE: Videos: Podcasts: (Also available on iTunes, Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast player.) ACCESS TO FULL REPLAYABLE LIVESTREAMS: Become a Premium Member: SUPPORT THE JIMMY DORE SHOW: Make a Donation: Buy Official Merch (Tees, Sweatshirts, Hats, Bags): DOWNLOAD OUR MOBILE APP: App Store: Google Play: Jimmy Dore on Twitter: Stef Zamorano on Twitter: About The Jimmy Dore Show: #TheJimmyDoreShow is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country....(read more)
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In a recent press conference, President Joe Biden raised eyebrows when he seemingly avoided answering questions about the controversial bank bailouts. As reporters eagerly sought answers on the matter, Biden's response left many wondering if he was trying to evade the topic altogether. Biden's reluctance to address the issue is surprising given his promises of transparency and accountability during his electoral campaign. The bank bailouts, enacted in response to the 2008 financial crisis, have long been a subject of public scrutiny and criticism. Many argue that these bailouts favored big banks at the expense of everyday Americans, thus exacerbating income inequality. Reporters attending the press conference sought clarification from the President regarding his stance on this contentious topic. However, Biden's responses were brief and evasive, which only fueled speculations about his true position on the matter. Some journalists accused him of sidestepping the issue and failing to provide a clear answer to a significant concern raised by the American public. Critics argue that these evasive tactics are reminiscent of the lack of transparency seen during previous administrations. They argue that avoiding questions on the bank bailouts only further erodes trust in the government and raises doubts about the President's commitment to fulfilling his campaign promises. Moreover, the bank bailouts are not merely a financial concern; they have broader implications for the American public. The economic crisis that spurred these bailouts had a lasting impact on millions of Americans who lost their jobs, homes, and savings. Many still feel the consequences of that crisis today. Therefore, it is crucial for the President to provide a clear, comprehensive response that addresses the concerns of the American people. Transparency and accountability are cornerstones of a healthy democracy, and as the leader of the nation, Biden should demonstrate these qualities by answering journalists' questions honestly and openly. The American people have a right to know where the President stands on important issues, especially those tied to the financial well-being of everyday citizens. Some argue that Biden's sidestepping of the bank bailout issue may stem from concerns about the potential political fallout. Acknowledging the flaws in the bailouts might invite criticism from those who believe the actions taken were necessary. However, avoiding difficult questions about past decisions only serves to perpetuate a lack of trust in the government. In today's interconnected world, where information is readily available, it is increasingly important for public figures to be transparent and responsive to public concerns. The President has a duty to address the press, and through them, the American people, with honesty and clarity. Evading reporters' questions about the bank bailouts not only erodes trust but also undermines the very foundations of democracy. The American public deserves leaders who are willing to face the tough questions head-on, admit mistakes, and engage in open dialogue. Only through open and honest conversations can progress be made, and the wounds of the past be healed. It is high time for President Biden to shed light on the bank bailout issue and restore faith in his commitment to transparency and accountability. https://inflationprotection.org/biden-refuses-to-address-reporters-inquiries-regarding-bank-bailouts/?feed_id=111329&_unique_id=64991bf325096 #Inflation #Retirement #GoldIRA #Wealth #Investing #jimmydore #news #politics #progressivetalkshow #thejimmydoreshow #TJDS #BankFailures #jimmydore #news #politics #progressivetalkshow #thejimmydoreshow #TJDS
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