Today’s podcast wonders at the notion that Manhattan DA Alvin Bragg might be bringing a case against the former president whose star witnesses for the prosecution would be a convicted felon and a porn-star-sex-worker. Is that wise, or just one string in a Lilliputian trap for Donald Trump? Also, will there be extended fallout from the Silicon Valley Bank collapse? Give a listen.

Subscribe to The Commentary Magazine Podcast in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.

There are 3 comments.

Become a member to join the conversation. Or sign in if you're already a member.
  1. Stephen Richter Member
    Stephen Richter

    Where are republicans arguing a free market solution to these bank crashes?   Banks and large depositors simply should have agreements covering how quickly funds can be withdrawn from the bank. 

    To avoid failure, could SVB have simply told its large depositors they could not get their deposits back just yet? Not like their money would be lost. 

    And what about financial journalists?  Did they have no idea a spike in interest rates could expose banks to large scale withdrawals?  The FT and WSJ were not warning of this now obvious problem when the Fed started to raise rates last year.


    • #1
  2. Stephen Richter Member
    Stephen Richter

    Does the risk management course in banking school cover the danger of rapidly rising interest rates to the solvency of a bank?  Kind of a serious question.  The political and financial reporting world was caught unaware of this interest rate imbalance threat facing banks.  SVB seems to have been totally oblivious. Were there short sellers who cleaned up on SVB stock? ( does a short seller win when the company goes out of business? )

    • #2
  3. FredGoodhue Coolidge

    The activity in Barney Frank’s home was the business that dare not speak its name.

    • #3
Become a member to join the conversation. Or sign in if you're already a member.