SVB Failure & Socialism for the Rich, TikTok Ban

Mike & Jay open with an extended discussion of the recent failure of three banks, focusing on the largest of the three, Silicon Valley Bank. They discuss why depositors were made whole, banking regulation, and the importance of risk in capitalism. After that they turn to the growing threat of a US ban of the hugely popular TikTok app due to national security concerns. Jay has his own concerns that this might run afoul of the 1st Amendment whereas Mike is less inclined to see a platform ban as restricting speech. Mike’s Recommendation: Triangle of Sadness Jay’s Recommendation: Tchaikovsky Symphony No. 5 (Cleveland Orchestra) The Politics Guys on Facebook | Twitter Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys. Interested in starting your own podcast? Check out RedCircle, home of The Politics Guys. Support this podcast at — https://redcircle.com/the-politics-guys/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoicesThe Politics Guys on Facebook | XListener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys.The Politics Guys is part of The Democracy Group, a network of podcasts that examines what's broken in our democracy and how we can work together to fix it.