BROADCASTS.com

b'On Sunday, March 12, the Federal Reserve, the U.S. Treasury, and the Federal Deposit Insurance Corporation (FDIC) announced emergency measures to support U.S. regional banks experiencing bank runs. Were these actions a \\u201cbailout\\u201d and have they already created unintended consequences? To Joseph Wang, former senior trader at the New York Federal Reserve, the answer to both of these questions is an unambiguous \\u201cyes.\\u201d\\n\\nJoseph joins Stephen Miran, co-founder & portfolio manager at Amberwave Partners, alongside Jack Farley for an in-depth conversation on the banking intervention and its effect on moral hazard and monetary plumbing. Recorded on March 13, 2023, at 4pm ET.\\n__\\nToday\'s show is sponsored by Public.com: Get a 4.8% yield when you open a government-backed Treasury Account by going to https://public.com/forwardguidance\\n__\\nFollow Joseph Wang on Twitter https://twitter.com/FedGuy12\\nFollow Stephen Miran on Twitter https://twitter.com/SteveMiran\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n\\nJoseph Wang\\u2019s latest piece, \\u201cHidden To Market,\\u201don FedGuy.com:\\nhttps://fedguy.com/hidden-to-market/\\nThe joint statement from the Federal Reserve, the U.S. Treasury, and the FDIC: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm\\nFederal Reserve\\u2019s Bank Term Funding Program (BTFP): https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm\\n__\\nTimestamps:\\n00:00 Intro\\n00:47 The Bank "Bailout"\\n09:10 The Shocking Incompetence of Silicon Valley Bank\\n20:02 Will There Be More Bank Failures?\\n22:40 Public Ad\\n23:44 Moral Hazard in U.S. Banking Bailouts\\n27:55 Why Hasn\'t Silicon Valley Bank Been Bought?\\n31:35 Emergency Relief From Fed, Treasury, and FDIC (Federal Deposit Insurance Corporation)\\n41:41 Consequences of Fed\'s BTFP Program on Big For Duration\\n52:25 Does Huge Fall In Interest Rates Mean Fed\'s Hiking Is Over?\\n01:01:13 February Inflation Data\\n__\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.'