Sean Hannity Show - Failed Banks Continue - March 14th, Hour 1

March 15, 2023 - Sean Hannity Show

41:10

Failed Banks Continue - March 14th, Hour 1

Sean covers the latest news that more banks find themselves in trouble. The FDIC failed bank list is growing at a rate more than you'd think. How far does this go? Sean gives his take...See omnystudio.com/listener for privacy information.

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	All right.
	Thank you, Scott Shannon, and thanks to all of you for being with us.
	Toll-free, our number is 800 941 Sean.
	if you want to be a part of the program, busy show today, uh, our economic experts will weigh in on this entire banking issue.
	Is this going to spread into a contagion?
	How dangerous is it?
	Do you need to be worried yourself?
	Um, if you have more than $250,000 in any one bank, you need to talk to your accountant, your financial advisor, or somebody that's smart in finances that you know and ask them what to do.
	I'm not going to give out financial advice, but banks traditionally only insure up to $250,000.
	A lot of people that have more money, but they'll put $240,000 in this bank, $230,000 in that bank, and then each individual account uh is then therefore insured at a different bank.
	Uh not really good news as it relates to the four biggest banks.
	Now, there's this Silicon Valley Bank was what, the 16th largest bank in the country.
	Um, but the four biggest U.S. banks, they lost a lot of money.
	$52 billion of market value uh as part of this, you know, broad route of of across financial stocks.
	A lot of banks, smaller banks are seeing massive losses uh in terms of their stock prices, et cetera, et cetera.
	Uh I'll give you one example.
	JP Morgan lost about 22 billion in market value.
	Uh Bank of America lost uh roughly 16 billion.
	Wells Fargo, their capitalization was down 10 billion, Citibank down 4 billion.
	Um these are banks that are you know are going to be safer and more secure, etc.
	etc.
	But you know, when you look at the data uh and the failed bank list, it's beginning to grow.
	I mean, you have signature bank.
	Remember Barney Frank, Dodd Frank legislation.
	That's where he was on the board of.
	He's the one that was uh advocating and lobbying for this regulation change uh that clearly would have benefited the bank that he had a relationship with.
	Now we got the Silicon Valley Bank and their funds, and and there's a whole list.
	If you look at the FDIC and their failed bank list, uh list of banks that have failed since October of 2000.
	Um, it's it's more than you would think.
	What's what people are most worried about now is how deep is this going to be?
	How far does this go?
	Um, there's going to be a lot of investigation behind all of this.
	Uh the New York Post had a piece out today.
	The primary beneficiaries of Biden's Silicon Valley bank bailout, what I call the Biden billionaire uh bailout, bank bailout, uh, is our Democrats.
	When the Silicon Valley Bank failed, Joe Biden decided to toss out the rule book, guaranteed deposits that exceeded the FDIC's $250,000 maximum insurance limit.
	Now, every everybody knows what that number is.
	That is not unknown.
	That is that is widely known what that number is.
	Anyway, so they decided to protect these deposits, lie to us, and say, oh, but the taxpayers, they're not going to be on the hook for any of this.
	Okay, if the taxpayers aren't going to be paying for this, then tell me who is.
	Because at the end of the day, it's going to be we, you, the American people that pay for these bailouts for billionaires, because that's what this is.
	It's got it's going to end up coming out of your pocket because where else would it possibly come from?
	Now, is it going to be a direct tax?
	No.
	Are these banks going to be forced uh through regulation to charge more for services that you will pay?
	Probably.
	So that means it's it's going to be you that pays this.
	So that infuriates me.
	They just flat out lie about all of this stuff, and it just gets so frustrating on so many levels.
	By the way, can I get a new cut sheet uh in there, guys, if you don't mind?
	Uh anyway, so back to the New York Post, the Biden administration to do this, you know, it there's a lot of angry people out there.
	Rightly so.
	Because they're viewing this as a gift to wealthy democratic donors in the tech center, even as mom and pop investors are getting burned in this deal, and that the American taxpayer are going to be on the hook for all of this, and this is billions of dollars.
	This is a Biden, you know, billionaire bailout bill.
	And by the way, where is Congress's input into this?
	It's a bailout.
	The account holders they bailed out are Democrats, quote, one tech insider telling the New York Post, quote, Silicon Valley Bank is the bank of Democrats.
	They're looking after their own.
	He added, if it was the bank of MAGA, what are the chances it would be bailed out?
	There's not a chance in hell.
	It goes on, they saved the Democratic donors, but who are the equity holders?
	The tech insider noted.
	Quote, retirement funds bought into this.
	Many are policemen, teachers, firemen just trying to retire.
	And meanwhile, the equity bondholders were completely wiped out as part of the rescue by state regulators and the FDIC, and those included big mutual funds that operate in retirement funds for working Americans.
	Vanguard Group owned, what, nearly 11% of Silicon Valley Bank shares.
	Electra Pension Insurance Mutual owned nearly 4.5%.
	Franklin Mutual Advisors owned nearly 2%.
	You know, the Wall Street Journal, as they they pointed out in an op-ed yesterday, argued that instead of hedging for financial risks, that Silicon Valley Bank's real hedge was to curry favor with the Biden administration.
	And then, you know, we noted yesterday.
	They had committed, you know, the bank released their ESG report stating they had committed $5 billion towards sustainable finance and carbon neutral operations to support a healthier planet.
	Moody's, by the way, in a really harsh blow to a reeling industry, Moody's investor services has now cut its view on the entire banking system to negative from being stable.
	The firm, part of, you know, three big uh rating services said uh yesterday that they're making the move in light of the bank failures that prompted regulators to step in on Sunday with the dramatic rescue plan for depositors and other institutions impacted by the crisis.
	We have changed to negative from our stable outlook on the U.S. banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank, Silvergate Bank, signature bank, and the failures of SVB and SNY, according to Moody's report.
	Now, you really can't, you know, you can't blame Moody's for being honest, which is more than you're getting from a lot of other people these days.
	You know, but don't worry, if you're a Democrat, COVID is Trump's fault, bank failures, that's Donald Trump's fault.
	Train derailments are Trump's fault, gas prices are Trump's fault, Afghanistan was Trump's fault, the border is Trump's fault, the debt, the deficit is Trump's fault, inflation is Trump's fault.
	Ukraine is trying, it's all Trump's fault.
	So, you know, this is the Biden billionaire bailout debacle has begun.
	Uh, and you know, now the question is will this become a contagion as they call?
	Will this spread?
	How far will this go?
	Uh, Because, you know, what really frustrates me is that there were some really, really smart people that do their job, the due diligence that you'd expect, especially when it comes to money and banking, etc.
	You know, we do know that in November, JP Morgan did a full complete analysis on this bank and predicted this very thing was likely going to happen.
	Now, that's interesting, especially in light of the fact that the Justice Department and the Security and Exchange Commission now are now investigating the collapse.
	How did this possibly happen?
	They're investigating the collapse of these banks.
	The investigations are examining stock sales.
	Now, I didn't like the fact that two weeks prior to this failure, uh, I guess the president of some high-ranking uh official at this bank cashed in three and a half million in stock.
	Uh, the day that the FDIC took over the bank on Friday, uh, that day everybody got their bonuses just before the bank was taken over.
	The night before they had a big party at a big steakhouse.
	I didn't like that part either.
	Again, I'll go back to JP Morgan warning in November that Silicon Valley Bank's $16 billion unrealized losses could pose a very serious risk.
	They now released their troubling research after holding a deep dive of webinar with the Silicon Valley Bank CFO.
	You know, should the balance of deposits, outflows, inflows persist for longer than expected.
	Another topic they discussed.
	You know, the risk that SVB will need to sell underwater, held to maturity securities, uh, and realized losses.
	What they were talking about is what I have been trying to explain, and that is that as a result of Biden, Biden's economic and energy policies that have caused a 40-year high of inflation that has resulted in the Fed rapidly raising interest rates, dramatically raising interest rates, the likes of which we haven't seen in two decades.
	Uh well, this particular bank, mortgage-backed securities, treasuries, but they're talking we're talking about 10-year treasury bonds.
	So all of a sudden now their depositors want their money back, and the only way they can get it is to sell their treasuries at what is a huge, huge loss.
	You know, so you have all these banks now collapsing, two dozen other banks forced to halt trading yesterday amid the panic.
	I don't know how many still are not trading today.
	First Republic bank, their stock plummeted 60%.
	A hundred billion dollars was wiped out in a single day.
	And at the core of all of this, it's Biden's economic and energy policies.
	Remember, he inherited a very low 1.4% inflation rate.
	And then he, you know, the inflation started to rise very rapidly.
	And then as high as 9.1%.
	But we were told it was transitory, it wasn't going to last.
	You know, and then, of course, he drove, you know, the energy crisis was created because of Biden's resistance, well, his adherence to the climate alarmist cult, and Joe Biden's resistance to producing energy domestically, he'd rather import oil from Venezuela, which makes no sense at all.
	Anyway, so that that had an impact on inflation.
	That had an impact on the economy.
	And as a result, it was anything but transitory.
	What you have 1,700% increase in in interest rates.
	So you have the first financial institution to fail, Silicon Valley Bank.
	Their holdings were in treasuries and mortgage securities.
	And they were hit hard by the Fed's aggressive interest rate hikes caused by Biden inflation and Biden economics.
	And that still remains uncomfortably high.
	I have new data today, but you know, Biden, it's not his fault.
	He blames Donald Trump.
	You know, if his he's had two years, especially the first two years, He had control of Congress.
	He wanted to change these regulations to whatever he wanted to change them to.
	He had every chance to do it.
	So stop blaming Trump for everything.
	Dog bites, beast things, your feelings sad.
	Stop blaming Trump.
	You know, by the way, many Democrats voted to ease the restrictions being lobbied by the likes of Barney Frank.
	Barney Frank himself lobbied and supported these regulatory rollbacks.
	He's a board member at Signature Bank, the second financial institution to collapse.
	Uh that bill was changed.
	The bill that was changed was the Dodd Frank bill or the Dodd Barney Frank bill.
	So he's the one that changed his own bill, so blame him.
	He wrote to on CNBC in an op ed there's one legislative issue of which I'm strongly supportive of a change that will benefit signature, admitting that he benefits, raising the 50 billion dollar asset level of which a bank becomes subject to extra supervision.
	So you got the, you know, former Democratic radical leftist Barney Frank, the co-author of Dodd Frank, instrumental in removing the oversight at a bank that is now collapsed.
	And we're supposed to believe this is Donald Trump's fault.
	How much money, Barney, were you being paid?
	When are we going to find out that little nugget?
	So it was Joe Biden's policies.
	He sat around and did nothing.
	By the way, experts were warning.
	JP Morgan was warning.
	Other people saw this coming, and all they get is blame Trump.
	And now the question is is this going to be a contagion?
	What is a contagion?
	Is this going to spread to many banks around the country?
	Are we going to have a real banking crisis?
	They they might be able to stave it off.
	They might be able to stop it temporarily.
	How long is this con how many other banks did what you know Silicon Valley Bank did and invested in long-term treasuries?
	Not expecting this record increase, these record increases in interest rates.
	I don't have the answer to those questions.
	Hey there, I'm Mary Catherine Hamm.
	And I'm Carol Markowitz.
	We've been in political media for a long time.
	Long enough to know that it's gotten, well, a little insane.
	That's why we started Normally, a podcast for people who are over the hysteria and just want clarity.
	We talk about the issues that actually matter to the country without panic, without yelling, and with a healthy dose of humor.
	We don't take ourselves too seriously, but we do take the truth seriously.
	So if you're into common sense, sanity, and some occasional sass.
	You're our kind of people.
	Catch new episodes of Normally every Tuesday and Thursday on the iHeartRadio app, Apple Podcasts, or wherever you listen.
	When I told people I was making a podcast about Benghazi, nine times out of ten, they called me a masochist, rolled their eyes, or just asked why.
	Benghazi, the truth became a web of lies.
	It's almost a dirty word.
	One that connotes conspiracy theory.
	Will we ever get the truth about the Benghazi massacre?
	Bad faith, political warfare, and frankly, bullshit.
	We kill the ambassador just to cover something up.
	You put two and two together.
	Was it an overblown distraction or a sinister conspiracy?
	Benghazi is a rosetta stone for everything that's been going on for the last 20 years.
	I'm Leon Mayfock from Prologue Projects and Pushkin Industries.
	This is Fiasco Benghazi.
	What difference at this point does it make?
	Yes, that's right.
	Locker up.
	Listen to Fiasco Benghazi on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	I'm Ben Ferguson.
	And I'm Ted Cruz.
	Three times a week, we do our podcast, Verdict with Ted Cruz.
	Nationwide, we have millions of listeners.
	Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
	And we cover the stories that you're not getting anywhere else.
	We arm you with the facts to be able to know and advocate for the truth with your friends and family.
	So down a verdict with Ted Cruz now, wherever you get your podcasts.
	Hey there, I'm Mary Catherine Hamm.
	And I'm Carol Markowitz.
	We've been in political media for a long time.
	Long enough to know that it's gotten, well, a little insane.
	That's why we started normally a podcast for people who are over the hysteria and just want clarity.
	We talk about the issues that actually matter to the country without panic, without yelling, and with a healthy dose of humor.
	We don't take ourselves too seriously, but we do take the truth seriously.
	So if you're into common sense, sanity, and some occasional sass.
	You're our kind of people.
	Catch new episodes of Normally every Tuesday and Thursday on the iHeartRadio app, Apple Podcasts, or wherever you listen.
	What I told people, I was making a podcast about Benghazi.
	Nine times out of ten, they called me a masochist, rolled their eyes, or just asked why.
	Benghazi, the truth became a web of lies.
	It's almost a dirty word.
	One that connotes conspiracy theory.
	Will we ever get the truth about the Benghazi massacre?
	Bad faith, political warfare, and frankly, bullshit.
	We kill the ambassador just to cover something up.
	You put two and two together.
	Was it an overblown distraction or a sinister conspiracy?
	Benghazi is a rosetta stone for everything that's been going on for the last 20 years.
	I'm Leon Mayfock from Prologue Projects and Pushkin Industries.
	This is Fiasco Benghazi.
	What difference at this point does it make?
	Yeah, that's right.
	Locker up.
	Listen to Fiasco Benghazi on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	I'm Ben Ferguson, and I'm Ted Cruz.
	Three times a week, we do our podcast, Verdict with Ted Cruz.
	Nationwide, we have millions of listeners.
	Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes, inside the White House, inside the Senate, inside the United States Supreme Court.
	And we cover the stories that you're not getting anywhere else.
	We arm you with the facts to be able to know and advocate for the truth with your friends and family.
	So download Verdict with Ted Cruz now, wherever you get your podcasts.
	I don't want to bring bad news, but there's a lot of things happening internationally, foreign policy issues that really are chilling to me.
	Uh, the broker deal with China, the Saudis, the Iranians, I'm not loving that.
	China's president is gonna meet with Vladimir Putin.
	I've been talking about this new uh, you know, access of evil, if you will.
	Uh it looks like it's coming together.
	Uh, we had the uh recent incident, by the way.
	The United States condemned the downing of a U.S. spy drone by a Russian fighter jet over the Black Sea.
	Uh, this happened earlier today in an incident that underscores how the Ukraine war has now increased the risk of direct confrontation with Moscow and Washington.
	He had two Russian jets carried out what the U.S. military described as a military intercept of MQ uh nine Reaper.
	It's a drone in international airspace.
	One of them collided with JIT and flew in front of the unmanned drone in unsafe maneuvers.
	Uh, what's Joe gonna do about that?
	And and what's Joe gonna do about this new alliance with China and Russia and the new alliance with the Saudis and Iranians.
	The reason the Iranians were with us in Israel and Jordan and the Emirates and Egypt uh was to stop Iranian hegemony uh and hostility in the region.
	If the Iranians get nukes, God help this world.
	Driving the liberals nuts.
	Sean Hannity is back on the radio right now.
	All right, 25 now till the top of the hour, 800-941 Sean is her number.
	As we now dig deeper into this Biden billionaire banker bailout.
	You know, you begin to see a nexus, a crisscross.
	You give you begin to see relationships emerge.
	Now, who do I always say makes this country great?
	The people of this country make this country great.
	You listening to the show, make this country great.
	The people that work hard, they put in their 12, 14, 16 hours, whatever it is every day.
	The people that, you know, get up every morning, make their kids lunch, get them off to school, go out to work, they pay their taxes, they obey the laws, they love their country, And you know, exhaust themselves so that they can provide for their their families.
	They're the people that make this country great.
	But then you've got the elite.
	Now, if you listen to Democrats, if you listen to Joe Biden, he has a monopoly on compassion for the poor people, the working class in this country.
	We've all often and always talk about the forgotten men and women in this country, and that's most of us.
	Most of you in this country.
	And that would mean everybody from the farmers to the truckers to the carpenters to the plumbers to the home builders to the nurses to the doctors to the lawyers.
	I mean, everybody's working.
	Everybody that I know works their ass off.
	I don't know anybody that doesn't.
	I don't know anybody that works an eight-hour day anymore.
	Linda, does anybody on our team work an eight-hour day that I maybe I don't know of?
	Anybody?
	No, boss, not a single one.
	No.
	No.
	Everybody's all all in.
	All day.
	I buy lunch every day for my my radio team.
	I have a sinister motive.
	I don't want them leaving their desk.
	We don't have time.
	We have too much work to do, and news is breaking up to the second we come on the air.
	Ethan says Biden works four hours a day.
	Maybe he's a good example.
	But Ethan's right.
	That's a good example of one of the rare ones.
	And it's the people.
	But then you've now discovered we have this, you know, Biden billionaire bank bailout, and what are we finding out?
	For example, this is from the New York Post.
	One, um, one is a Hillary Clinton mega donor who went to a Shinto Shrine to pray after Donald Trump won the White House.
	Another worked for President Barack Obama before her own political career spectacularly failed.
	A third is a prolific contributor to Democrats, including Nancy Pelosi, who owns a Napa Valley Vineyard just 15 minutes from the uh former sp uh House speakers.
	Uh there's even an improv performer, twelve directors who are supposed to oversee the fallen Silicon Bank and prevent catastrophic errors that threw the entire banking system into jeopardy where it remains today that started on Friday.
	Uh, they may not be household names.
	But the headline in the New York Post is Obama official Hillary Donors, improv actor, meet the Silicon Valley Bank Board of Directors.
	Anyway, so they found out in the New York Post investigation that they're facing a serious series of investigations into their collective role into this collapse.
	You know, only one independent director is under 60, the oldest is 78, but these contributors went hand in hand with the bank's business model.
	Everyone knew it was the go-to bank for the woke CEOs, according to one source telling the New York Post.
	They knew they were aligned politically.
	The companies SVB loaned money to all had a woke agenda.
	SVB had a five billion dollar commitment to woke.
	You know, and these are the people now that are getting bailed out by their friendly politicians.
	When we get when we finally get to the bottom line in how much money would was donated, I guarantee you it's going to be massive sums of money.
	We're getting some trickling in data right now.
	Also from the New York Post.
	Silicon Valley Bank, uh signature bank, and credit credit suisse donated 1.2 million dollars to Democrats since 2017.
	That that's a lot of money.
	The banks through their employees and affiliated PACs donated nearly 1.2 million to Democrats between 2017 and 2022, according to the government transparency group Open Secrets.
	Republican candidates got less than $750,000.
	All three banks spent big to defeat Donald Trump in 2020, collectively giving $198,000 to Joe Biden's presidential campaign.
	SVB signature bank, Credit Suisse joined uh jointly, gave $17,597 to Trump and $5,516 to his upstart run in 2016.
	And since then, you know, $90,000 to Democratic National Committee and tens of thousands to individual Senate campaigns like Chucky Schumer and Mark Warner and Joe Manchin and John Tester and Mark Kelly.
	And Tester was seen Monday night rubbing elbows with partners at SVB's law firm during a posh polo uh I'm sorry, Palo Alto fundraiser.
	Not polo, sorry, Palo.
	It says Polo actually in front of me, but whatever.
	But you get my point.
	By the way, Gavin Newsom shouldn't shock you here either.
	The Intercept reporting cheering Silicon Valley bank bailout.
	Gavin Newsom didn't mention he is a client.
	At least three of the California governor's wine companies are held by SVB, and a bank president sits on the board of his wife's charity.
	Anyway, so Gavin Newsom praising the Biden administration and their decision to intervene on behalf of this bank, SVB.
	Uh clients after the bank was taken over by the FDIC on Friday amid a bank run.
	The White House acted swiftly and decisively to protect the American economy and strengthen public competence in our banking system, Newson said in the in a statement.
	What Newsom didn't mention is that it also protected his own companies if they held over two hundred and fifty thousand dollars in deposits.
	Considering he owns a winery, I would assume that he probably does.
	I don't know, just a guess, a professional guess on my part.
	He didn't mention that his his wife's professional ties to the bank.
	Silicon Valley Bank gave a hundred thousand dollars to the charity uh founded by his wife.
	Uh you know, I mean, it's you've got these incestuous relationships here.
	I mean, it's unbelievable.
	Yesterday we told you about New York Post editorial, Biden is forced to bail out a banking system and his donors uh that he endangered.
	I mean, there's always a nexus here.
	There's always a story behind the story here.
	And the bottom line is, you know, Joe Biden can go out there like he did.
	I'll play it for you.
	No losses will be borne by taxpayers over bank closures.
	Listen.
	All customers who had deposits in these banks can rest assured, I wanna rest assured they'll be protected and they'll have access to their money as of today.
	That includes small businesses across the country that bank there and need to make payroll, pay their bills, and stay open for business.
	No losses will be, and I'm on this is an important point.
	No losses will be borne by the taxpayers.
	Let me repeat that.
	No losses will be borne by the taxpayers.
	Instead, the money will come from the fees that banks pay into the deposit insurance fund.
	Who pays the fees?
	You do.
	You, the American people, and those fees are going to be on every bank.
	You know, pensions, pension funds lost millions of dollars in the Silicon Valley bank collapse.
	Did you know that?
	The Washington Examiner pointed out various pension funds invested in Silicon Valley Bank have lost millions in the aftermath of the collapse.
	Now, I guess that they're going to be protected.
	But I mean, what happens if this gets bigger?
	Financial ratings, giant downgrades the system.
	I told you about Moody's.
	Primary beneficiaries of the Silicon Valley Bank bailout or the Biden billionaire bank bailout are liberal Democrats.
	You know, so the billionaire bailout debate begins.
	Now these are the same people.
	We're not going to tax people that make under 400,000 a year.
	Oh, okay, but they're raising taxes on oil, gas, and coal.
	Well, that's a tax on every American.
	And nobody calls him out on it.
	George Herbert Walker Bush, read my lips.
	No new taxes.
	Boy, they rammed that down his throat when they got him to break his own promise.
	How is it that Joe Biden isn't held accountable for wanting to raise taxes on pensions, oil, gas, coal, and corporations?
	Corporations aren't paying those taxes.
	How many times do I need to tell you?
	By the way, the key inflation numbers uh prices are still out of control.
	It's hard to believe inflation six percent when when the prices of so many everyday staples have increased anywhere by thirteen to fifty-five percent in the last year.
	I doubt we're even getting the right numbers from them.
	Biden's inflation is now just four times as high as it was under Donald Trump.
	Oh, we're really making progress.
	Congratulate Joe Biden on the you know, four-tenths of one percent drop in inflation.
	Gee, we ought to be so happy.
	And what is the Biden uh agenda uh Biden administration's agenda?
	Well, they're going after your gas ranges, and now they're going after washing machines.
	Apparently, last month Biden's Department of Energy proposed new efficiency standards for washing machines that requires new appliances to use considerably less water, all in an effort to confront global climate crisis.
	Look at his look look at his budget and what the budget calls for.
	How many, you know, billions and billions and billions of dollars are they spending on this New Deal, a socialist madness, this climate alarm occultist madness, because that's what it is.
	It's insanity.
	Never mind the fact, you know, economically, you know, look at this country.
	I don't know how bad this bank crisis is going to be.
	I'm I'm expecting it to get worse.
	I'm hoping it doesn't.
	I don't want to see this country deteriorate any further than it has.
	You know, the border crisis is, you know, that was all preventable.
	The energy crisis was preventable.
	We should be the most energy dominant country on the face of the earth.
	You know, last year, Saudi Arabia made trillions of dollars.
	And right now, with Vladimir Putin shutting up uh off the spigot in terms of energy to Western Europe, we should be filling that void.
	Then we would be an energy rich nation.
	It's good for our national security.
	It's good for you know, career jobs, high-paying career jobs for Americans.
	It's it's good for our allies.
	They're not dependent on a hostile regime with a hostile actor.
	You know, what well, the Biden administration condemned the shooting down of a U.S. military drone?
	Obviously hostile.
	Putin doesn't think there's going to be any repercussions for this.
	That's why he did it.
	China now is going to meet with Putin, and then he might call Zelinski.
	Okay.
	He's going to negotiate with Zelensky.
	Uh, if you give this land, this land, and this land, and I'll tell you why people's support for Ukraine is waning thin.
	And it's the reason is they're not fighting the war to win the war.
	The reason is Biden's talking about, oh, it might go on another three some odd years.
	That means, you know, uh, we're now talking about Afghanistan 2.0.
	It's as if we didn't learn anything from these experiences.
	President Cheese meeting Putin in Moscow.
	That shouldn't concern us.
	The Iranians aligning with the Saudis, breaking off a real solid coalition of the U.S., Israel, the Saudis, the Egyptians, the Jordanians, the Emirates.
	Are you kidding me?
	You think this is good for the world?
	China's building their relationship with Iran, and Russia's building their relationship with Iran.
	Do you think any of these countries like the United States of America?
	No, they do not.
	This is a clear and present danger.
	And by the way, do you think it's a little embarrassing that the mech that the Mexican president, Mexico's president, is saying that Mexico is safer than the U.S. after the American tourist kidnappings?
	Well, what is he looking at?
	Well, he's looking at Chicago and Los Angeles and New York and the idiocy of no bail laws and the stupidity of defund dismantle the police.
	Um it's sad, but you can make an argument.
	He's not that far off.
	Do I believe that Mexico's safer?
	No, I do not.
	But I do believe that our cities and towns are far less safe because of democratic madness.
	Key inflation numbers are now showing prices are still way out of control.
	You know, and you know, and they want washing machine rules and gas stove rules.
	This is where their heads are at.
	It's unbelievable.
	Oh, and by the way, on COVID, you're gonna love this news.
	It turns out U.S. government agencies, they may have double billed for projects in Wuhan, according to uh records indicating.
	In other words, the U.S. was possibly possibly scammed out of tens of millions by the Wuhan Virology lab.
	Not only did you pay for it, you got robbed on top of the free money that they gave him that they never should have given him in the first place.
	That's news today, too.
	Joe Biden's woke Navy wants to boost their budget to fight climate change.
	This isn't biz pack Review.
	I can't believe this is what we're talking about.
	But it goes on.
	Navy wants Congress to fund an additional $397 million in climate change resiliency programs in 2024, including money for electric cars, solo, microgrids, according to budget plans revealed Monday.
	And if Congress grants the funding, total Navy Marine Corps spending on climate-related programs in fiscal year 2024 is gonna be 1.47 billion dollars.
	Why climate change with the military?
	Are you out of your mind?
	Do you not see the hypersonic missiles that China and Russia are showing off?
	Are you not watching little Rocket Man is back in business?
	Are you not are you not reading that it that the Iranians potentially have nuclear capability now?
	This is a mess.
	Entire screwed-up mess.
	The border.
	Everything this guy touches is a disaster.
	Republicans better wake up.
	Get over your resistance, your reluctance as it relates to issues of voting early and by mail.
	And whatever the law your state is that the Democrats are doing legally with ballot harvesting, do it.
	Match it, do it better.
	Hey, by the way, if you're in the market for a new firearm, there's no better company.
	I love my friends at Henry Repeating Arms.
	They're awesome.
	Uh, you gotta check out their new U.S. survival rifle.
	Now, great thing is you can take it apart, put it back together in mere seconds when you need to.
	The parts fit right into its stock, so it's easy to stow in your car, your truck, it's compact, you can carry it everywhere.
	It's only three and a half pounds, 16 inches when disassembled.
	It comes in black, three types of camo, beautiful finishes.
	It's affordable, depending on the finish, between 250 and 400 bucks.
	I just got mine.
	I can't wait to use it.
	Anyway, you can see a video on it.
	Go to their website, Henryusa.com, put in slash survival, and you can see the videos.
	They have over 200 models to choose from.
	You can't go wrong, frankly, with any one of them.
	Every one of mine, accurate, right out of the box.
	Anyway, go to HenryUSA.com.
	When you go there, get a free catalog, free decals, and a list of dealers where you are.
	The Sean Hannity Show.
	Powered by American capitalism.
	And never government subsidized.
	Sean Hannity is on right now.
	All right, when we come back, our economic experts, Steve Moore and David Bonson will join us.
	We'll get an update.
	We'll get their thoughts on the banking crisis or Biden's billionaire bank bailout.
	Uh also we have Joe Tacopina coming up.
	Uh reports abound pretty much everywhere.
	An expected indictment of Donald Trump in New York over the Stormy Daniels thing.
	What law is it?
	We'll ask Joe Takopina.
	Maybe he knows because I can't figure it out.
	Our friend Benjamin Hall, my friend and colleague from the Fox News Channel, one year ago today, is severely injured in Ukraine.
	He's going to tell us his harrowing story and an inspirational one at that.
	You want smart political talk without the meltdowns?
	We got you.
	Now I'm Carol Markovich.
	And I'm Mary Catherine Hamm.
	We've been around the block in media, and we're doing things differently.
	Normally is about real conversations.
	Thoughtful, try to be funny, grounded, and no panic.
	We'll keep you informed and entertained without ruining your day.
	Join us every Tuesday and Thursday, normally on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	What I told people I was making a podcast about Benghazi.
	Nine times out of ten, they called me a masochist, rolled their eyes, or just asked why.
	Benghazi, the truth became a web of lies.
	From Prologue Projects and Pushkin Industries.
	This is Fiasco Benghazi.
	What difference at this point does it make?
	Listen to Fiasco Benghazi and the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
	I'm Ben Ferguson.
	And I'm Ted Cruz.
	Three times a week, we do our podcast, Verdict with Ted Cruz.
	Nationwide, we have millions of listeners.
	Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
	And we cover the stories that you're not getting anywhere else.
	We arm you with the facts to be able to know and advocate for the truth with your friends and family.
	So down a verdict with Ted Cruz now, wherever you get your podcasts.

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