In part 2 of this installment of the FiveThirtyEight Politics podcast, the crew looks back at the bailout of American banks during the 2007-’08 financial crisis.
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The Bank Bailout Politics 2.0 is a hot topic today, and the FiveThirtyEight Politics Podcast delves deep into the issue. The podcast explores the political implications of the 2008 bank bailouts and their impact on modern-day politics. It also examines how political actors are reacting to the current economic crisis and challenges facing the banking sector.
The podcast begins by revisiting the 2008 bank bailouts, which had a significant impact on the US economy. The bailout package was a controversial move, with many politicians and citizens disagreeing on the decision to pour billions of dollars into the banking sector. The podcast explains how the bailouts impacted the public’s trust in government institutions and affected the potential outcomes of future bailouts.
The second part of the podcast examines how the current economic crisis has highlighted many of the issues that led to the 2008 financial crisis. It discusses how the banking sector’s current challenges are being exacerbated by the COVID-19 pandemic and explores the future implications of the current economic downturn.
The podcast also looks at the current political response to the economic crisis, including the CARES Act and the Federal Reserve’s monetary policy. The podcast hosts explore the partisan divide of these policy decisions and how they will shape the upcoming elections.
The Bank Bailout Politics 2.0 podcast concludes by discussing the potential impact of the economic crisis on the 2020 presidential election. The podcast hosts discuss the political implications of the economic downturn and how it might impact voter behavior in the upcoming election.
In summary, the Bank Bailout Politics 2.0 podcast provides listeners with a comprehensive overview of the 2008 bank bailouts’ political implications and the current challenges facing the banking sector. It explores the partisan divide of policy decisions and the potential impact of the economic crisis on the upcoming election.
It's true that woke capital has nothing to do with SVB collapsing, but trying to refute that by saying the banks are run by white men makes no sense and is kind of a woke argument itself. As if by being white men they can't be woke or have that in the company .
Was very disappointed to hear the "economic consensus" parroted on inflation and presented as such. Responsible government estimates place the burden of fiscal/monetary stimulus at less than 50% of the cause. Maybe it's shocking to hear, but war and permanently destabilized supply chains have been great contributors, too.
Hey Galen, I noticed you left corporate profiteering off the list of reasons for inflation.
You insiders really do have your own narrative don't you? Smh
One difference between now and 2008 (although I suspect it may escape most people) is that toward the end of the recession, people's perception was that investors were getting bailed out. In this case it is only depositors that are being bailed out by the FDIC. I think that with the correct messaging people will understand the depositors shouldn't be at risk (whereas investors are fair game). Also I am surprised that you didn't mention how the spiking price of oil and gas (particularly in Europe) due to the invasion of Ukraine, was one of the precipitating (though not sustaining) factors in inflation.
do you have a name for the 538 fox ?
weird that not even now 538 does not talk about politicians voting to save their own donors/clientele's pockets
Let the failed banks fail drift off into the mist. I'm very sure that newer more solvent banks will take their place. I do believe that's how capitalism is supposed to work.
Let's make an attempt to accurately characterize SVB's c-suite and board of directors next time.
Santul's non-greeting is such a mood. That little greeting/ritual dance always feels so awkward, even as a listener.
No goddamn bailout for no sure deposits! More bullsh*t for the rich!! Using all of our FDIC money!
The premise of this video is just wrong. We are not facing inflation because americans got 2000 dollars. That was being spent on food and rent. What citizens recieved pales in comparison to what JPow and the Fed injected into financial institutions and corporations. PPP lones were forgiven entirely.
I dont want to have someone try to tell me with a straight face that me getting enhanced food stamps benefits is causing inflation. Me being able to eat as a teenager when I didnt have parents to support me wasnt the problem.
Yet we're acting like basic social programs are at fault for this. The idea that we need to put millions people out of work isnt normal. The idea that we need to cut benefits and starve the most vulnerable among us to make milk 5 cents cheaper isnt normal. It rejects humanity, and anyone who accepts that framework is a ghoul.
It's almost like every single person with even a modicum of Education in the US thought the rollback of Dodd-Frank was a horrible decision at the time that would inevitably lead to crises. I'm pretty sure most of the people in my high school Social Studies classes understood that when Republicans first started talking about eliminating it in like 2014…
I appreciate that Galen tells us who is in the control booth so we can sympathize with Tony whenever Nate swears and has to get bleeped out.
If a company is too big to fail it should be owned by the government. If switzerland wants to safe Credit Suisse they should have bought it themselves and not give securities to UBS. Or at least get a share in UBS in return.
Privatise the profits, socialise the loses
First?