Imagine a financial crisis eclipsing 2008, with no bailouts. Countless banks would collapse, not just affecting bondholders but also hitting depositors hard. The Fed’s war on inflation means depositors bear the brunt. No bailouts without conceding to rampant inflation - 10%, 15%, who knows? The cost of bailouts isn’t just financial; it’s paid in soaring inflation rates. We’re at a crossroads: save the banks or combat inflation. But remember, every choice has its price. This clip is from my interview with Darren Moore, recorded September 16, 2023. #bank #bailout #finance #crisis #money #inflation #fed