All Episodes
Previous Next
March 15, 2023 - Sean Hannity Show
40:31
No Free Lunch - March 14th, Hour 1
| Copy link to current segment

Time Text
This isn't iHeart Podcast.
You want smart political talk without the meltdowns?
We got you.
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 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.
Thanks for being with us.
800 nine four-one Sean, if you want to be a part of the program.
All right, so how worried, how concerned should Americans be about this banking collapse, these banking stocks.
Uh, and Joe Biden.
Look, the entire administration, they they've they've settled on telling you one thing after another.
Everything is safe, everything is secure, everything is solid.
Okay.
And then Joe Biden says, no losses will be borne by taxpayers over the bank closures.
Now remember, your FDIC insurance goes up to 250,000.
I keep calling this Biden's billionaire bailout because regardless of what people had in terms of FDIC insurance, he's guaranteeing all the money will be paid back.
Uh but he says no losses will be borne by the American taxpayers over the bank closures.
So I guess that means that Joe Biden, maybe his son Hunter will kick in, maybe his brother Jim will kick in.
But apparently they're telling you you're not gonna have to pay a penny.
Listen to Joe.
All customers who had deposits in these banks can rest assured.
I want to 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.
Okay, if the taxpayers aren't gonna pay it, where's Joe getting the money from?
Because some the money's gotta come from somewhere.
Uh, there was an interesting piece in the New York Post today that, you know, Joe decides to toss out the the rule book and guarantee deposits that exceed 250,000.
Okay.
Uh so why?
Well, the New York Post reports that the Biden administration's move to protect customer deposits at the Silicon Valley Bank is rankling critics who call it a gift to wealthy democratic donors in the tech sector.
I call it Biden's billionaire bailout myself.
Uh even as mom and pop investors are getting burned in this deal, quote, this is a bailout, and the account holders they bailed out are Democrats, according to one tech insider, quote, Silicon Valley Bank is the bank of Democrats.
They're looking out for their own.
If it was the bank of MAGA, uh, what are the chances it would be bailed out?
Not a chance in hell.
They're saving democratic donors.
Who but who are the equity holders?
The tech insider noticed.
Retirement funds bought into this.
Many are policemen, teachers, firemen, just trying to retire.
Meanwhile, equity and bondholders were completely wiped out as part of the rescue state regulators uh and the FDIC.
Anyway, here to shed light on this.
And more importantly, will this become a contagion?
Because we now have more banks that are losing massive amounts of equity in the markets, even still today.
Steve Moore, author of Trump Enomics, is with us.
David Bonson is back with us, author of There's No Free Lunch, uh 250 Economic Truths.
Uh, welcome both of you back to the program.
Steve Moore, I guess everyone should be very, very comfortable and reassured that we're not going to be paying for this Biden billionaire bailout.
Well, Sean, first of all, you're exactly right to call this a billionaire bailout.
It is it is for billionaires, and it is a bailout.
And by the way, I'll leave it to David, who's the market expert to talk about the whether there's a contagion effect here.
But I've got to tell you, you know, I I'm pretty libertarian in my view.
I want very limited government, but I've always um supported deposit insurance for the average, you know, uh uh average middle class deposit holders so they can feel secure uh when they put their money into a bank.
But now we're talking about not the mom and pop shop investor and not the person next door, but as you said, millionaires and billionaires who have accounts, millions and uh tens of millions of dollars in these deposit accounts, and now they're going to be uh essentially insured by the U.S. taxpayer.
This money obviously has to come from the taxpayer because where else it will come from?
One other quick point.
It's also not fair to raise the fees on the banks that that acted responsibly because of the fact that you've got these um irresponsible banks like Silicon Valley Bank.
David Bonson, let me ask you about Moody's outlook on this on the U.S. banking system.
It's negative, citing a quote, rapidly deteriorating operating environment, uh, a pretty harsh blow to an already reeling sector.
Moody's investor services cut its view on the entire banking system from negative to negative from stable.
Uh, the firm, part of three rating services, said Monday that it's making the move in light of key bank failures and prompting regulators now to step in with drastic rescue plans for depositors and other institutions.
Uh what do you make of that?
How how big an impact is that gonna have?
Well, Moody's uh going to a more negative outlook is kind of uh uh a little late to the party.
It's uh backward looking, and I don't think in and of itself it creates a problem and more reflects a problem, Sean.
But let me let me answer the question about the general risk and the reality here and do so in the most non-political, objective, honest way I can.
We have fractional reserve banking in our country.
Everybody knows that the banks don't have the money in the back room that you give them.
And we've chosen as a society for over a hundred years to do that, and there's pros and cons to it.
But what you have to do if you're gonna have fractional reserve banking is not allow people to think that their deposits are ever at risk.
And this is a self-fulfilling prophecy problem.
You don't have a problem if no one thinks you do.
And you do have a problem if people start thinking there's a problem.
And the reality is that they were not at all worried about Silicon Valley Bank depositors.
They were worried about contagion, because contagion is very difficult to slow once it starts.
The problem I have is not necessarily them deciding to go say we're gonna cover these uninsured depositors.
I don't like it, and I may very well be against it because I think there were better solutions available.
But the far bigger problem, Sean, is why it was necessary to begin with.
What in the world was Dodd-Prank for?
Why did they pass Dodd-Prank?
If it's Well, it was it was Barney Frank who sits on the board of one of these failed banks that was uh lobbying to get the the regulation that he put as law changed.
But let me let me give you let me throw a number out at you because I'm really concerned about this.
The four biggest U.S. banks combined lost fifty-two billion in market value.
I'm talking about Citigroup, JP Morgan Chase, Wells Fargo, Bank of America.
Now, to credit JP Morgan, they predicted this this very bank would have this problem because of Biden inflation.
Remember, he inherited 1.4% inflation rate, went up to 9.1 uh thereabouts, and as a result, the Fed goes crazy raising interest rates, and this bank out in Silicon Valley had invested, you know, a fortune in long-term ten year treasuries, and then when the money came due and they had to pay their depositors, they had to sell at a huge massive loss for the bank.
Uh again, you the root cause of it is Biden inflation.
But if you look at the four biggest U.S. banks, fifty-two billion of lost value as of yesterday, and a one point eight billion dollar loss and deals, et cetera, et cetera.
JP Morgan, they lost 22 billion, Bank of America 16 billion, Wells Fargo, 10 billion, Citibank 4 billion.
What does that tell you?
But Sean, JP Morgan's market cap is 400 billion dollars, and on Friday it was 420 billion.
So we're still not talking about a significant systemic risk to the big banks.
Those guys are fine.
They have it's the little banks.
The the Dog Frank was always the bill that keeps on giving for the bigger banks.
And that's what's happening here is the outflows are going into JP Morgan.
They're not coming out of JP Morgan.
It's scared depositors at other banks.
Now the depositors at Silicon Valley should have been scared because their deposit base was all shiny objects.
Crypto companies, unprofitable tech companies, and they built up a big bubble that was Fed induced.
And that was the point in the article I wrote for National Review yesterday.
That, Sean, the Fed blew this bubble up and then they burst it.
They did the damage.
They were at the scene of the Well, wait a minute.
Did the Fed do it?
Hang on a second.
Now the Fed had to deal with Biden's inflation.
Biden's inflation was caused by Biden's economic policies and energy policies.
So we have a 40-year high.
It wasn't transitory month after month, year after year now with Joe Biden.
So as a result, the Fed to deal with inflation, they raise interest rates.
That is that would be the normal rational solution, according to any economist that I would speak to.
If you think that's different, you tell me.
And as a result, Sean Bi but the Fed cannot create the energy pipelines that the Biden administration took away.
The Fed by tightening this tightly, first of all, core goods inflation right now is one percent.
Core the inflation for goods has gone down seven months in a row.
What Biden did is kill the supply side of the economy.
And there's nothing that the Fed can do about that.
But I'm referring to the bigger problem, Sean, is in 2021, this bank brought in a hundred billion dollars of new assets.
How do they do that?
Because we were in a bubble from zero percent interest rates with Silicon Valley.
So they went from over fifty billion to a hundred and eighty-seven billion, I think is the number.
That's right.
And where in the world do you get over a hundred billion dollars of new deposits?
You get it.
So then they and they put all of that money in treasuries, et cetera, et cetera, and then all of a sudden interest rates rise rapidly.
And why would they put a hundred billion into long dated treasuries at one or two percent because of the moral hazard the Fed had created, the believing that they were never going to have to get off of this?
And they kept it there for three years.
It's one thing that the Fed went to zero percent.
Well, there were they were ten years, there were ten-year treasuries as I understand it.
Yeah.
That's right.
So why would they go to ten-year treasuries and not hedge the interest rate risk?
There isn't a bank in this country that would do that.
It was the dumbest thing I've ever seen, and the regulators apparently found out about it three days ago from a new.
Steve Moore, that's a great question.
I mean, I think that's the dumbest move I ever heard, also.
You know, I wrote a piece in the Wall Street Journal about three or four years ago saying that we had record low interest rates, and why doesn't the federal government, you know, which is the biggest uh borrower in the world with you know thirty trillion dollars of debt, why isn't it locking in these long-term rates?
Because it was obvious to anyone almost anyone that the era of zero interest rates that David is talking about was coming to an end.
So out of you know, rewarding these banks for their stupidity in in thinking that they're gonna we're gonna have zero interest rates forever.
And I want to make another quick point about this.
Look, we get we're now in this environment of what they call too big to fail in corporate America.
This bank is too big.
This this manufacturing company is too big.
You know who's not too big to fail?
Sean, you and me and the people listening to this show.
And I'm just sick of us getting screwed by bad decisions that businesses make in combination with them, the government giving them a big safety net.
See, I'm I'm agreeing with with both of you, and I think let me ask you this question.
I didn't get the numbers as of today.
I'll get them by the end of the day.
Well, I want to I want to add up all the numbers.
These smaller banks, their stocks are crashing.
David Bonson, what does that mean?
How do we interpret that?
Are they on the verge of failing?
Is that the contagion possibility?
Yeah, and this is why they were insuring the deposits yesterday above 250,000 was to try to put people at ease.
Um and there is a little recovery going on today as we're talking with some of those banks, but they're way, way down over the last week, and uh there's no reason for it.
All right, quick break.
More with our economic experts, Steve Moore and David Bonson on the other side.
We'll get to your calls.
The other news of the day as well, 800-941 Sean as we continue.
Look, your friend Sean Hannity here, it's tax season again.
The deadline to file, your taxes is right around the corner.
But what do you do if you already owe the IRS or you haven't filed a return in a few years?
42,000 federal employees apparently haven't.
Wow.
Anyway, folks, every minute you put off dealing with it, the IRS is burying you in penalties and interest, and you are crazy to try to deal with the IRS on your own.
Look, you'll get crushed.
You need to call my friends at rush tax resolution.
I've been talking about rush tax now for years, and that's because they are the only ones that I trust and recommend.
If you're a business owner, you're behind on payroll taxes.
Did you know that the IRS has the power to shut you down and come after you personally for that money?
Now rush tax can protect you and your business today.
If you have these issues, call now.
It's toll-free.
800-485-3021, and Rush Tax will tell you up front and for free if they can help you.
And they'll only take your case if they know they can help.
800-485-3021.
800-485-3021 on the web.
It's RushTaxResolution.com.
One thing we've always known about Hannity.
He stands up for what he believes in and what you believe in.
Follow Hannity as he fights the left who are trying to extinguish conservative voices.
John Hannity.
All right, we continue looking at this banking debacle of Biden and Biden's billionaire bailout with Steve Moore and David Bonson.
What percentage are a lot of these banks down?
What percent?
Well, look, First Republic is a massive bank, and they're down 66% on the year, but they're up 30% today.
So I think that the market is starting to feel that okay, they're not going to go out of business.
But they um you're talking about some of these banks, Sean, that have five and six times the protective equity that Silicon Valley Bank did.
Silicon Valley was a particularly stupid bank.
The other banks that have they look, they do not have the vulnerabilities unless everyone thinks they have the vulnerabilities.
Your deposit base going away changes your financial strength.
And that you can't have a run on those banks in a fractional reserve banking system.
That's what I want people to understand.
And my point is that Dodd Frank was supposed to keep this from happening.
And right now, uh look, I'll pick on Joe Biden any day with anybody.
Nobody could be as critical of him as I am.
In this case, he's left with no good options because if you let all those depositors lose money, even well, hang on a second.
I am I'm not willing to give him that pass because JP Morgan wrote about this in November.
And if JP Morgan saw this coming, why didn't they see it coming?
That I that's on them.
Last third 20 seconds, Steve.
Well, great question.
And and again, the the fact of the matter is that the people really who are gonna come out behind on this are average middle class Americans.
And that This is why Trump was popular because it was basically he was he was talking to the middle class against big business, big banks, big government, all in kind of cahoots, and this only this incident only kind of encourages that kind of um, you know, skepticism about whether our government is looking for the average person.
I gotta run Steve Moore, David Bonson.
I appreciate both of you.
800 941 Sean on number.
You want to be a part of the program.
Uh, we still have Joe Tacopina.
Uh is President Trump on the verge of being indicted in New York.
His he's the attorney for President Trump.
He'll join us.
Quick break right back.
Your calls on the other side, straight ahead.
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 Nafok 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 Dell, 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 Nafok 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.
All right, listen, there's a whole lot of stories I haven't gotten to here, and I know we're really dialed in.
I know everybody...
If you're being told by people, just stay calm.
Everything's fine about the banking system.
I'm just telling you, don't believe them.
I'm not saying that there's a pending collapse.
I'm not saying that it I just see what looks like a very volatile situation unfolding, and I think they're just trying to calm people, and they'll say anything to calm people down.
Now, when it comes to your money, you've got to be smart.
Probably a good time to check in with your financial advisor, your accountant, people that you know and respect that do this for a living.
I don't do it professionally.
That's why we bring on experts like we we did uh at the top of this hour, Steve Moore and David Bonson.
This is what they do every day.
And, you know, this uh this absolutely, according to the experts, could get a lot worse before it gets better.
So I'm just urging all of you to be careful.
Uh there is other news out there.
I'll give you an example about New York City police now, you know, that with the Democratic Party's unrelenting rhetoric about you know systemic racism and law enforcement and defund and dismantle and no bail laws.
What you're seeing is even in a city like New York City, which has a minority majority police force, the majority of police officers are minorities.
Um they're leaving.
They're quitting.
They've had enough.
In just the last two months, 239 cops quit.
Thirty-six percent increase from just this period last year.
You know, it's a tremendous spike from even two years ago, and this year's figures show the highest number of of police departures since a contract dispute going all the way back to 2007.
Now, this news comes as New York City is facing a massive crime increase under Democratic mayor Eric Adams.
Robberies, burglaries, felony assaults, grand larcenies, other crimes.
You know, they are already up from last year's high, now up another 22% since last year, and and cops feel that they're not supported and they can't do their job.
Out in San Francisco, they have a proposal, a draft reparations proposal that would include five million alum payment for each eligible black person that they could make San Francisco the first major city in the U.S. to fund reparations.
Now remember, Gavin Newsom is talking about some six hundred and and however many billions of dollars that they're willing to spend out in California.
I don't know how they're going to afford it.
Uh, I don't know how I don't know the criteria either.
Uh you might find this interesting, Linda.
I don't know if you heard what Pope Francis says that the Catholic Church banning priests from engaging in sex is temporary.
Did you see that?
I did see it.
Okay.
He's an enlightening Pope, I must say, really uh just expanding the church in the most interesting ways.
You know, first he had what did he have?
Instagram, then he had a book deal, then he's on social media.
So the Catholic Church began requiring celibacy in the 11th century.
Let's go back even further.
Um, Jesus had twelve apostles, according to my understanding of scriptures, eleven of the twelve apostles were married.
He didn't he didn't demand that of his own disciples, right?
That he pan chose.
Um in the early years of the church until the 11th century, uh, clergy with no children were more likely to leave their their money to the church.
But then the issue, the fear, I believe, became about the issue of divorce and the church potentially losing property.
By the way, that issue can be resolved quickly, at least in the United States and I would assume most countries with something called the prenuptial agreement.
And anyway, the Vatican bans sex among priests, although it's, you know, face calls to terminate the rule, etc.
Well, But not allowing priests to marry, which is Catholic doctrine that you wouldn't have sex till you got married, putting aside that debate for a different day.
Um, allowing them to marry, I think that you would get probably uh a higher number of people that would be willing to to serve in the priesthood uh if they could live, you know, a life with a family as well.
Also, if you don't have if you don't have a family, you know, and you're not married, you know, how can you possibly really counsel couples that are dealing with real life issues?
I don't know how that's possible.
And I'm not gonna be able to do that.
You make some really good points, Sean.
I I have to say, I I kind of agree with you on this.
I know there's a lot of Catholics out there, they're gonna hate me for that.
You know, as a former Catholic, um, you know, and and uh, you know, I still attend the Catholic church from time to time.
I'm a practicing Christian, I belong to my church, as you well know with Pastor Tim, and you know, I believe that you know, priests should be allowed to get married.
I also believe that nuns should be allowed to get married, you know.
Um, there should be some equity in the church for sure there.
I don't really understand the whole idea of being married to God.
I don't think that you need to say you're married to God when you devoted your life to God, which these people clearly have.
And I don't think that you can get the DNA counseling pre Cana, right?
That's what it's called when you're Catholic.
So for a thousand years they allowed this, and then you gotta ask, well, why did they change the rule?
And I think the m I I think at the end of the day it had to do with money.
But you know, it always has to do with money.
Money is the root of all evil.
You know, that expression exists for a reason.
But I think if we're sensible and using common sense, it makes sense for people to be able to be in love, have that part of their lives, because then they can lead their parishes, their churches, their congregations from a place of knowledge, from a place of experience.
You know, my pastor says, listen, I feel you, you know, marriage is hard.
I'm like, well, he knows he's been married for 40 years, you know.
Uh, in other news, you have a Maryland teacher who describes herself as uh proud as F to be a liberal, bragging about how she indoctrinates her students and call for an urgent fight against capitalism while adding revolutions involve violence.
Now if you run into teachers like this that think that they have the right to indoctrinate children rather than educate children, maybe it's time to fire them.
Just a just a quick thought.
Uh one Florida University reportedly denied a white student.
This was on Fox News.com, mental health access because, quote, the person is white.
How about anybody that needs mental health services uh gets so gets the service they need right away?
Anyway, the student at USF was reportedly denied mental health services because he was not not a member of the black, indigenous, and people of color community according to the communications obtained by the campus reform.
That's a sad story.
I thought we're all supposed to love each other and treat everybody the same.
Uh it's pretty unbelievable.
Anyway, 800-941 Sean, our number, if you want to be a part of the uh program at the top of the hour, we'll check in with the president's attorney, President Trump's attorney, Joe Tacopina, all these reports that a possible indictment on against Donald Trump is imminent, we'll get his take on it.
Uh let's say hi to Rhonda's in Oklahoma.
Rhonda, how are you?
I'm good, Sean.
Thanks for taking my call.
I was talking yesterday with Jim Jordan, and he acknowledged that nothing's been done with the evidence we have already on Hunter.
And it's been three years.
I think they're just trying to wait two more years to see if the statute of limitations runs out.
But I don't think it'll happen with treason and fraud, but maybe.
My question is, is there some kind of a workaround if the DOJ and the FBI just don't do their jobs?
The workaround is you defund it.
That's the only option that the Republicans would have.
You know, i i if we're gonna find out just how deep, deeply rooted the FBI being politicized is.
If if it is that bad, I suspect it's possible based on my own conversations with whistleblowers on air, uh, whistleblowers off air, and people that I know that were agents and served in the FBI themselves.
Um they are telling me it's not the same FBI any longer that the FBI's gone woke, that the FBI is politicized, and that the FBI has two systems of justice.
Now, after these hearings, if they conclude that it does you'll need a church style committee change, and things are gonna have to change.
They're gonna have to return to being the world's premier law enforcement agency.
Uh otherwise the the country itself is in trouble.
There's been too much involvement of with the FBI uh in our elections, but only favoring one party.
That needs to stop.
We don't need their involvement in in issues like this.
Uh but and the if the DOJ is weaponized, that needs to be dealt with too.
And I think it has been.
I think we have a two-tier justice system, a dual justice system.
And it's sad for me to say because I I had I grew up having the most respect for law enforcement because so many of my family members were in law enforcement.
And and the two members of my family that made it to the FBI, they were they were like gods in our family.
They were deity.
And they they they reached the pinnacle of success uh as the children of immigrants from Ireland.
And I just would hope that that we can return it to greatness and bring back the ethics and bring back the the true mission.
Um we have the tools necessary for them to do a phenomenal job, and many of them do that job every day, and they do it bravely, courageously, and and yet to hear these stories it it breaks my heart because I revered this agency.
I don't revere it anymore.
I have a very realistic view of it, and what I see is is not pretty.
And I think what we're gonna discover with each whistleblower is a pattern of behavior that exposes things that we never thought were possible there.
Ronda, good call, appreciate it.
South Carolina, Marvin next on the Sean Hannity Show.
What's up, Marvin?
How are you?
Glad you called.
Hey, Sean, I I I appreciate all you do, guy.
Uh Sean, I a question and then a quick point.
The question is uh I'm pressing the legality of this so-called bailout and you know, going beyond what the F FDIC actually mandates as far as the 250,000 dollars, you know, help out for the people that have the money in the bank.
And then the the statement really is about you know, I've learned over the years that the Democrats don't do anything without having some type of ultra motive.
Okay.
So this bank in Silicon, based in Silicon Valley.
I mean, uh it is there a way of finding out how many politicians, how many politicians, kids, their family members?
How is there a connection to the money to to that bank failing and then the rescue?
Because again, I I'm just totally convinced the Democrats don't do anything without a motive.
So I think if they're gonna be protected, well, I mean, it is interesting because the Silicon Valley, of apparently a lot of big democratic donors, that this is a billionaire, a Biden billionaire bailout.
There's no other way to describe it here.
And largely liberal, I think when we get a list of depositors' names, probably three years from now, uh, all our instincts are gonna be proven true.
My gut tells me this is a bailout of Biden's billionaire buddies because uh they put all their money in one bank, they weren't smart in doing that, and you know, I doubt the rest of us would get that treatment.
I think I think if if you're not a big democratic donor, you're gonna be treated like the people in East Palestine in Ohio.
Absolutely that is you know what?
Ignored.
The people are being ignored in East Palestine.
Joe Biden, oh, I'm gonna go visit when because he had had plenty of time to visit.
It's not on a schedule.
So it's yeah, I think uh, you know, I I there's one other thing here that we're not even talking about, and that is we can't afford this bailout.
We just can't.
It's the sixteenth largest bank in America.
Now we've got other bank failures.
Then trading stopped with these uh with even more banks.
You know, is this gonna be a contagion?
Is this gonna continue to spread?
You know, stock prices plummeting on these local banks, left, right, sideways, and every other way.
This has the potential to spiral out of control, and that's my fear, and I say that very, very cautiously.
I'm not saying it's gonna happen.
I don't want it to happen, but we have to be very realistic.
Nobody thought this was gonna happen.
And I don't think that using and then to be told we're not gonna use taxpayer money, oh okay.
The banks are gonna pay it back.
Okay, how do they pay a pack?
Well, they're gonna be charging, you know, twice, three, four, five, six times the fees that they used to charge.
In other words, we will be the ones that pay back this money.
And, you know, why should we be paying for billionaires that you know that didn't use the banking system appropriately?
They know how much insurance there is.
Anyway, 800 9.1 Sean, our number if you want to be a part of the program.
Thanks for a good call.
Man for America, great for edited fake news.
Ted Copel spins the truth for you and me.
Sean Hennedy.
Hey, you may not know this, but all of the best shooters in the world, they do the majority of their training, what's called dry fire practice.
They do it in their own homes.
They do it outside in their backyard.
Sometimes they do it at the range as well.
Uh Mantis X is used by the Marine Corps, the Army, Special Forces, and all the best shooters use this.
Why?
Mantis X is a firearms training system.
It's no ammo, it's all electronic.
You get to practice and improve your shooting accuracy.
You simply attach Mantis to your own firearm like a weapon light, and you can use it at home or on the range.
Mantis X gives you data-driven real-time feedback on your technique, guides you through drills and courses.
Look, 94% of shooters improve within 20 minutes of using Mantis X. You get military grade technology used by the Marine Corps, Army, Special Forces, and it's at an affordable price, and it's fun.
It's the best thing that you're ever going to use.
It'll be fun with your friends, your neighbors, your family.
You're going to love it, and you'll become a marksman.
If you believe in your second amendment rights, well, you have a responsibility to be competent and confident in your shooting ability.
Anyway, it's simple to order.
Just go to their website, Mantisx.com.
That's M-A-N-T-I-S-X.com.
All right, when we come back, um, we keep reading report after report after report that there is in New York the Attorney General, Alvin Bragg.
Uh that he will soon issue uh literally a warrant, a s subpoena, if you will, for President Trump, uh, and charge him as it relates to the Stormy Daniels case.
Joe Tacopina is Donald Trump's attorney on this.
He will respond to these articles, and we'll get his thoughts about the law and everything that applies to this case as we continue.
800-941 Sean, our number, and then later, Benjamin Hall, my friend and colleague at Fox News, will tell his story of survival and inspiration.
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 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, Verdic 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.
▲
Export Selection