Sean Hannity Show - No Free Lunch - March 14th, Hour 1

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No Free Lunch - March 14th, Hour 1

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	This is an iHeart podcast.
	You want smart political talk without the meltdowns?
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	I'm Carol Markowitz.
	And I'm Mary Catherine Hamm.
	We've been around the block in media and we're doing things differently.
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	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 on Verdict with Ted Cruz now, wherever you get your podcasts.
	All right, our two Sean Hannity show.
	Thanks for being with us, 800-941 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, and Joe Biden?
	Look, the entire administration, 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.
	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 going to 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 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 going to pay it, where's Joe getting the money from?
	Because the money's got to come from somewhere.
	There was an interesting piece in the New York Post today that, you know, Joe decides to toss out the rule book and guarantee deposits that exceed $250,000.
	Okay.
	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.
	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, what are the chances it would be bailed out?
	Not a chance in hell.
	They're saving Democratic donors, 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 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 and Omics, is with us.
	David Bonson is back with us, author of There's No Free Lunch, 250 Economic Truths.
	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 for billionaires and it is a bailout.
	By the way, I'll leave it to David, who's the market expert, to talk about whether there's a contagion effect here.
	But I've got to tell you, you know, I'm pretty libertarian in my view.
	I want very limited government, but I've always supported deposit insurance for the average, you know, average middle-class deposit holders so they can feel secure 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 tens of millions of dollars in these deposit accounts.
	And now they're going to be essentially insured by the U.S. taxpayer.
	This money obviously has to come from the taxpayer because where else will it come from?
	One other quick point: it's also not fair to raise the fees on the banks that acted responsibly because of the fact that you've got these 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, 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.
	Now, 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.
	What do you make of that?
	How big an impact is that going to have?
	Well, Moody's going to a more negative outlook is kind of a little late to the party.
	It's backward looking, and I don't think in and of itself it creates a problem.
	It more reflects a problem, Sean.
	But 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 100 years to do that.
	And there's pros and cons to it.
	But what you have to do, if you're going to 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 going to 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-Frank for?
	Why did they pass Dodd-Frank?
	Well, it was Barney Frank who sits on the board of one of these failed banks that was lobbying to get the regulation that he put as law changed.
	But let me throw a number out at you because I'm really concerned about this.
	The four biggest U.S. banks combined lost $52 billion in market value.
	I'm talking about Citigroup, JPMorgan Chase, Wells Fargo, Bank of America.
	Now, to credit JPMorgan, they predicted this very bank would have this problem because of Biden inflation.
	Remember, he inherited 1.4% inflation rate, went up to 9.1 thereabouts.
	And as a result, the Fed goes crazy raising interest rates.
	And this bank out in Silicon Valley had invested a fortune in long-term 10-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.
	Again, the root cause of it is Biden inflation.
	But if you look at the four biggest U.S. banks, $52 billion of lost value as of yesterday, and a $1.8 billion loss in deals, et cetera, et cetera.
	JPMorgan, they lost $22 billion.
	Bank of America, $16 billion.
	Wells Fargo, $10 billion.
	Citibank, $4 billion.
	What does that tell you?
	But, Sean, J.P. Morgan's market cap is $400 billion, 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.
	It's the little banks.
	Dodd-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 JPMorgan.
	They're not coming out of JPMorgan.
	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 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.
	Different, Sean.
	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 1%.
	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 $100 billion of new assets.
	How do they do that?
	Because we were in a bubble from 0% interest rates with Silicon Valley.
	So they went from over $50 billion to $187 billion, I think, is the number.
	That's right.
	And where in the world do you get over $100 billion of new deposits?
	You get it.
	And then 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 $100 billion into long-dated treasuries at 1% or 2%?
	Because of the moral hazard the Fed had created, 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 0%.
	Well, there were 10-year treasuries, as I understand it.
	That's right.
	So why would they go to 10-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.
	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 borrower in the world with $30 trillion 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 I'm rewarding these banks for their stupidity in thinking that we're going to have zero interest rates forever.
	And I want to make another quick point about this.
	Look, we're now in this environment of what they call too big to fail in corporate America.
	This bank is too big.
	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 agreeing 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.
	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.
	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 there's no reason for it.
	All right, quick break.
	Board 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.
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	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, the 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, 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, 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, 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's on them.
	Last 20 seconds, Steve.
	Well, great question.
	And again, the fact of the matter is that the people really who are going to come out behind on this are average middle-class Americans.
	And this is why Trump was popular because it was basically 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, you know, skepticism about whether our government is looking for the average person.
	I got to run Steve Moore, David Bonson.
	I appreciate both of you.
	800-941-Sean on number.
	You want to be a part of the program.
	We still have Joe Takapina.
	Is President Trump on the verge of being indicted in New York?
	He's the attorney for President Trump.
	You'll join us.
	Quick break right back.
	Your calls on the other side.
	Straight ahead.
	Hey there.
	I'm Mary Catherine Hammond.
	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 Nayfak from Prologue Projects and Pushkin Industries.
	This is Fiasco, Benghazi.
	What difference at this point does it make?
	Yes, that's right.
	Lock her 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.
	Hey there, I'm Mary Catherine Ham.
	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 Napok from Prologue Projects and Pushkin Industries.
	This is Fiasco, Benghazi.
	What difference at this point does it make?
	Yes, that's right.
	Lock her 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 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 did at the top of this hour, Steve Moore and David Bonson.
	This is what they do every day.
	And, you know, 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.
	There is other news out there.
	I'll give you an example about New York City police now, you know, with the Democratic Party's unrelenting rhetoric about 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.
	They're leaving.
	They're quitting.
	They've had enough.
	In just the last two months, 239 cops quit, 36% 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 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, they are already up from last year's high, now up another 22% since last year.
	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 will include $5 million a lump sum 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 Newson is talking about some 600 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.
	I don't know how, I don't know the criteria either.
	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.
	He's an enlightening Pope, I must say, really 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.
	Now, Jesus had 12 apostles, according to my understanding of scriptures.
	11 of the 12 apostles were married.
	He didn't demand that of his own disciples, right?
	That he pan-chose.
	In the early years of the church until the 11th century, clergy with no children were more likely to leave 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 pre-nuptial agreement.
	And anyway, the Vatican banned sex among priests, although it's, you know, face calls to terminate the rule, et cetera.
	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, allowing them to marry, I think that you would get probably a higher number of people that would be willing to serve in the priesthood if they could live a life with a family as well.
	Also, 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.
	You make some really good points, Sean.
	I have to say, I kind of agree with you on this.
	I know there's a lot of Catholics out there that are going to hate me for that.
	You know, as a former Catholic, you know, and, 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, 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't 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 got to ask, well, why did they change the rule?
	And I think at the end of the day, it had to do with money.
	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?
	In other news, you have a Maryland teacher who describes herself as proud as F to be a liberal, bragging about how she indoctrinates her students and called for an urgent fight against capitalism while adding revolutions involve violence.
	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 quick thought.
	One Florida university reportedly denied a white student, this was on FoxNews.com, mental health access because, quote, the person is white.
	How about anybody that needs mental health services gets the service they need right away?
	Anyway, the student at USF was reportedly denied mental health services because he was 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.
	It's pretty unbelievable.
	Anyway, 800-941-Sean, our number, if you want to be a part of the program at the top of the hour, we'll check in with the president's attorney, President Trump's attorney, Joe Takapina.
	All these reports that a possible indictment against Donald Trump is imminent.
	We'll get his take on it.
	Let's say hi to Rhonda's in Oklahoma.
	Rhonda, how are you?
	I'm good, Sean.
	Thanks for taking my call.
	Thank you.
	I was working 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 statue of limitations runs out.
	But 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 job?
	The workaround is you defund it.
	That's the only option that the Republicans would have.
	You know, if we're going to find out just how deep, deeply rooted the FBI being politicized is, if it is that bad, I suspect it's possible.
	Based on my own conversations with whistleblowers on air, whistleblowers off-air, and people that I know that were agents and served in the FBI themselves, they are telling me it's not the same FBI any longer, that the FBI has gone woke, that the FBI is politicized, and that the FBI has two systems of justice.
	Now, after these hearings, if they conclude that, you'll need a church-style committee change, and things are going to have to change.
	They're going to have to return to being the world's premier law enforcement agency.
	Otherwise, the country itself is in trouble.
	There's been too much involvement with the FBI in our elections, but only favoring one party.
	That needs to stop.
	We don't need their involvement in issues like this.
	But 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 grew up having the most respect for law enforcement because so many of my family members were in law enforcement.
	And the two members of my family that made it to the FBI, they were like gods in our family.
	They were deity.
	And they reached the pinnacle of success as the children of immigrants from Ireland.
	And I just would hope that we can return it to greatness and bring back the ethics and bring back the true mission.
	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 yet to hear these stories, 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 not pretty.
	And I think what we're going to discover with each whistleblower is a pattern of behavior that exposes things that we never thought were possible there.
	Rhonda, 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 appreciate all you do, guy.
	Sean, a question and then a quick point.
	The question is, I'm pressing the legality of this so-called bailout and going beyond what the FDIC actually mandates as far as the $250,000 help out for the people that have the money in the bank.
	And then the statement really is about, I've learned over the years the Democrats don't do anything without having some type of ultra-motive.
	So this bank in Silicon, based in Silicon Valley, I mean, is there a way of finding out how many politicians, how many politicians, kids, their family members?
	How is their connection to the money to that bank failing and then the rescue?
	Because, again, I'm just totally convinced the Democrats don't do anything without a motive.
	So I think if they're going to be protected.
	Well, I mean, it is interesting because the Silicon Valley, apparently a lot of big Democratic donors, 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, all our instincts are going to be proven true.
	My gut tells me this is a bailout of Biden's billionaire buddies because 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 if you're not a big Democratic donor, you're going to be treated like the people in East Palestine, in Ohio.
	Absolutely.
	And that is, you know what, ignored.
	The people are being ignored in East Palestine.
	Joe Biden, oh, I'm going to go visit.
	When?
	Because he had plenty of time to visit.
	It's not on a schedule.
	So, yeah, I think, you know, 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 16th largest bank in America.
	Now we've got other bank failures.
	Then trading stopped with these with even more banks.
	You know, is this going to be a contagion?
	Is this going to 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 going to happen.
	I don't want it to happen, but we have to be very realistic.
	Nobody thought this was going to happen.
	And I don't think that using, and then to be told we're not going to use taxpayer money.
	Oh, okay.
	The banks are going to pay it back.
	Okay.
	How do they pay it back?
	Well, they're going to 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 didn't use the banking system appropriately?
	They know how much insurance there is.
	Anyway, 800-941-Sean, our number.
	If you want to be a part of the program, thanks for a good call.
	Mad for America, great for edited fake news.
	Ted Coppel spins the truth for you and me.
	Sean Hennedy.
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	All right, when we come back, we keep reading report after report after report that there is in New York the Attorney General, Alvin Bragg, that he will soon issue literally a warrant, a subpoena, if you will, for President Trump and charge him as it relates to the Stormy Daniels case.
	Joe Takapina 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.
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