>> Tucker: GOOD EVENING AND WELCOME TO "TUCKER CARLSON TONIGHT." THE WAR ONGOING IN UKRAINE, WHATEVER YOUR VIEW OF IT IS COMPLETELY RESHUFFLING THE WORLD ORDER AND AMERICA'S PLACE IN IT. IT DAWNED ON US LAST WEEK, IT'S NOT CLEAR WHERE SOME OF THE PEOPLE RUNNING FOR THE REPUBLICAN NOMINATION STAND ON THAT WAR. SO, WE SENT A QUESTIONNAIRE TO EVERYONE RUNNING, AMAZINGLY ALL OF THEM RESPONDED. AND THE PICTURE THAT EMERGES, WHERE THE REPUBLICAN CANDIDATES RUNNING FOR CONGRESS IS SHOCKING, ALL WE EXPECTED, NOT AT ALL WHAT REPUBLICANS ON CAPITOL HILL ARE SAYING. MORE EVIDENCE THERE IS A DISCONNECT BETWEEN REPUBLICANS IN WASHINGTON AND EVERYONE ELSE. IT HAS BEEN 15 YEARS SINCE THE GLOBAL FINANCIAL CRISIS SINCE 2018, A LONG TIME BUT IT HADN'T GONE AWAY. CONSEQUENCES STILL DEFINE OUR WORLD. WHY IS U.S. GOVERNMENT SO DEEPLY IN-DEPTH. HOW DID WALL STREET GET SO MUCH MONEY. WHY ARE HOUSING PRICES SO HIGH? LEADERS STOKE RACIAL CONFLICT. WHY SO MANY AMERICANS CONCLUDE THE SYSTEM IS SO RIGGED. THE ANSWER TO THOSE QUESTIONS THE SAME, IT ALL BEGAN IN 2008. 2008 AND AFTERMATH IS A COMPLEX STORY. LET'S SUM UP IN THE BROADEST POSSIBLE TERMS WHAT HAPPENED. BIG FINANCIAL INSTITUTIONS TOOK FOOLISH RISKS AND NEARLY BLEW UP THE U.S. ENTIRE ECONOMY. NOBODY WAS EVER PUNISHED. THE REC PRESS BANKERS RESPONSIBLE GOT OFF, SO DID THE POLITICIANS ENCOURAGED TO BE RECKLESS. NO ONE WAS BANISHED FROM THE INDUSTRY. SOME OF THE WRONG DOERS DOT THEIR BONUSES THAT YEAR. WE HAD ECONOMIC COLLAPSE BUT IT DIDN'T HURT THEM AT ALL. WHY? THE GOVERNMENT BAILED OUT THE BANKS. THAT WAS COULDN'T VERY SHALL BUT BY BIPARTISAN. AT THE TIME THEY TOLD US IN BIPARTISAN FASHION THEY WERE SAVING CAPITALISM, BUT THEY WEREN'T, IN FACT THEY WERE INVERTING CAPITALISM. WHAT HAPPENED NEXT IS VERY SIMPLE, WALL STREET WAS ALLOWED TO PRIVATIZE GAINS BUT SOCIALIZE ITS RISKS. THAT MEANT IF THINGS WENT WELL, THE FINANCIERS GOT RICH. IF THINGS WENT SOUTH, THE GOVERNMENT WOULD SWOOP IN TO SAVE THEM. MORE THAN A DECADE VERY FEW COMPLAINED BECAUSE THINGS WENT VERY VERY WELL. WALL STREET BOOMED AND THE ROOT OF ALL STREET SUCCESS NO MATTER WHAT THEY TELL YOU WAS LOW INTEREST RATES, NOT NEW INNOVATIONS. LOW INTEREST RATES MAKE A BEAUTIFUL MARKET INEVITABLE. IN A NON--- COMPANIES BECOME VALUABLE AND THEY PRODUCE MORE GOODS AND SERVICES THAT PEOPLE WANT TO BUY. BUT IN AN ECONOMY CONTROLLED BY MONETARY POLICY RUN BY THE FEDERAL RESERVE COMPANIES BECOME VALUABLE WHEN INTEREST RATES DECLINE. SO, FOR 13 YEARS INTEREST RATES REMAINED NEAR NEAR ZERO. IN RES RO SPECTACLE THIS WAS CRAZY BEHAVIOR. DECLARED BY THE FEDERAL RESERVE BY 2008 BUT NEVER ENDED. THE AMERICAN ECONOMY WAS DISTORTED BEYOND RECOGNITION. VENTURE CAPITAL AND PRIVATE EQUITY EXPLODED. SO, DID CRYPTOCURRENCY, ASSET PRICES PARTICULARLY REAL ESTATE. THERE WAS AN OCEAN OF MONEY FLOODING THE SYSTEM. AND THE PEOPLE WHO PAY HALF THE TAX RATE YOU DO BENEFITED MOST THEY STARTED BUYING THIRD HOUSES AND FLYING PRIVATE. THERE WAS ALSO A PROBLEM THAW DIDN'T HEAR A LOT ABOUT WITH LOW INTEREST RATES. IF INTEREST RATES WERE AT 0 HOW DO YOU GET MEANINGFUL RETURNS ON YOUR MONEY. THIS WAS A PROBLEM THAT VIRTUALLY EVERY INVESTOR FACED FOR MORE THAN A DECADE, VERY MUCH INCLUDING THE BANKS. AT SOME POINT INVESTORS BECAME ATTEMPTED TO MAKE VERY RISKY BETS, IF THEY WANTED TO PRODUCE RETURNS THEY HAD TO. TINA, THERE IS NO OPTION. ONE OF THE RISKY BETS BANKS MADE LOADING UP ON U.S. TREASURY BONDS FOR CASH. THEY ARE DIFFERENT FROM CASH AS THEY ARE LEARNING. THAT WORKED FINE AS INTEREST RATES REMAINED LOW. ONCE INTEREST RATES ROSE AS A RESPONSE TO INFLATION, OBVIOUSLY THEY WERE ALWAYS GOING TO DO, NOTHING LASTS FOREVER INCLUDING 0 INTEREST RATES, ONCE THAT HAPPENED THE BONDS WORTHLESS THAN THE BANKS PAID FOR THEM SO THE BANKS BEGAN TO FAIL. YOU ARE SEEING THAT RIGHT NOW. YOU'RE ALSO SEEING REVEALED FOR EVERYONE TO SEE THE OTHER EFFECT OF 13 YEARS OF ARTIFICIAL FED DRIVEN PROSPERITY. THAT IS A LOT OF SILLY FRIVOLOUS PEOPLE IN CHARGE. THEY ARE LIKE INHERITED MONEY PEOPLE, THEY THINK THEY EARNED IT. BUT THEY DIDN'T. BECAUSE WHEN MONEY IS FREE FROM THE FED YOU DON'T HAVE TO BE A SERIOUS PERSON TO GET RICH YOU CAN DO WHATEVER YOU WANT BECAUSE THERE IS NO CONSEQUENCE, YOU CAN INVESTOR FUNDS ON SKI WEEKENDS IN TAHOE, WHEN INTEREST RATES ARE 0 YOU CAN DO ANYTHING BECAUSE MAKING MONEY IS EASY, ANYONE CAN DO IT. UNFORTUNATELY IN A LOT OF VERY STUPID PEOPLE DID DO IT. ON FRIDAY AS YOU KNOW SILICON VALLEY BANK FAILED, THE SECOND LARGEST BANK FAILURE IN U.S. HISTORY. AUTHORITIES TOOK OVER SIGNATURE BANK IN NEW YORK, THE THIRD LARGEST BANK FAILURE IN AMERICAN HISTORY. TODAY TRADING IN SEVERAL REGIONAL BANKS HAD TO BE HALTED. WESTERN ALLIANCE WAS DOWN ALMOST 80%. JAIL KRAMER ENDORSED A FEW DAYS AN ON CNBC, THAT WAS DOWN NEARLY 70%. JIM KRAMER IS ALWAYS WELCOME TO COME ON THIS SHOW. AND SO ON. SO, THERE WAS PANIC OF COURSE, REFLECTED IN MARKETS AND IT WASN'T JUST REGIONAL BANKS THAT WERE AFFECTED. FOR AWHILE THIS MORNING YOU COULD NOT TRADE STOCK IN CHARLES SWAB. SWAB WENT DOWN 25%. THAT'S BAD. IN FACT, THAT KIND OF PANIC COULD QUICKLY CONCEIVABLY BECOME A CATASTROPHE. ON THE BRINK OF CATASTROPHE, YOU NEED STRONG CONFIDENT LEADERSHIP, BUT WE DON'T HAVE THAT WE HAVE JOE BIDEN. THE DAY HE SHUFFLED OUT TO THE PODIUM AND ANNOUNCED A BAILOUT. >> AND SIGNATURE BANK. TODAY THANKS TO THE QUICK ACTION OF MY ADMINISTRATION OVER THE PAST FEW DAYS, AMERICANS CAN HAVE CONFIDENCE THAT THE BANKING SYSTEM IS SAFE. YOUR DEPOSITS WILL BE THERE WHEN YOU NEED THEM. SMALL BUSINESSES ACROSS THE COUNTRY DEPOSITED ACCOUNTS AT THESE BANKS CAN BREATH EASIER KNOWING THEY WILL BE ABLE TO PAY THEIR WORKERS AND PAY THEIR BILLS. >> Tucker: SO THE MONEY IS COMING FROM THE FDIC SO THE FEDS HAVE IT COVERED. DON'T WORRY ABOUT THE DETAILS, EVERYTHING IS TOTALLY FINE. HOLD ON, SLOW DOWN PAL. HOW DID THIS HAPPEN? CAN WE GET AN EXPLANATION FOR THAT? DON'T WE ARE REGULATORS, HOW DID THOSE REGULATORS SINCE WE ARE CONFIDENT THEY ARE EXIST, HOW DID THEY MISS THE FACT THAT SBV WAS -- FOR MONTHS AND NOT IN SOME COMPLEX CREDIT DEFAULT SWAP WAY. SPEND 5000 WORDS TRYING TO UNDERSTAND. IT'S REALLY EASY TO UNDERSTAND, THEIR LIABILITIES WERE BIGGER THAN THEIR ASSETS. VERY SIMPLE. HOW DID NOBODY NOTICE THAT? THE PEOPLE WHO WERE PAID TO NOTICE IT. WELL JOE BIDEN ANSWERED NEWSPAPER OF THOSE QUESTIONED, HE RAN FOR THE DOOR. >> THANK YOU, GOD BLESS YOU, MAY GOOD PROTECT OUR TROOPS. SEE YOU IN CALIFORNIA. >> MR. PRESIDENT WHAT DO YOU KNOW ABOUT WHY THIS HAPPENED? THERE WON'T BE A RIPPLE EFFECT. >> SHOULD ALL -- >> THANK YOU, EVERYBODY. >> Tucker: DO WE KNOW WHY THIS HAPPENED, TRYING TO FIGURE OUT THE DOOR KNOB. IF THE BIDEN ADMINISTRATION IS BACK STOPPING THESE DEPOSITS, OKAY. BUT THAT'S NOT THE END THE STORY, IN SOME WAYS IT'S THE BEGINNING. HERE IS WHERE YOU PAUSE AND ASK YOURSELF A QUESTION TOO FEW SEEM TO BE CONSIDERING RIGHT NOW. THEY ARE DOING THIS, WHAT ARE THEY GOING TO GET IN RETURN? SOMETHING FOR SURE. REMEMBER THAT AFTER 2008 THE OBAMA ADMINISTRATION, ERIC HOLDER SWOOPED IN AND IMPOSED DEI STANDARDS ON THE ENTIRE FINANCIAL SECTOR. AND THAT'S ONE OF THE MAIN REASONS OUR BIG BANKS ARE INCOMPETENT AND REASONS AMERICANS ARE SO DIVIDED BY RACE. AID I DON'T LOGS WHO USED THE BANK BAILOUT TO KILL AMERICAN MARE I TO BE CREASE, THAT'S A BIG STEP, MOSTLY UNACKNOWLEDGED, BUT WE ARE LIVING WITH CONSEQUENCES. SO, YOU HAVE TO ASK YOURSELF, WHAT ARE THEY GOING TO DO THIS TIME? WHAT WE KNOW WE ARE ABOUT TO SEE BANK CONSOLIDATION, BIG BANKS EATING LEG BANKS, THAT MEANS LESS COMPETITION, MORE CONSOLIDATION MEANS MORE GOVERNMENT CONTROL. WHAT ARE THEY GOING TO DO WITH THAT CONTROL? ALL THINGS BEING EQUAL, IF PEOPLE DON'T EXERT PRESSURE, IT MEANS DIGITAL CURRENCY, THAT POLITICIANS CONTROL. CBDC APP TO GET YOUR FOOD STAMPS. DO YOU THINK THAT IS NOT COMING? THEY WOULD LIKE IT COME IN ANY CASE. WE DID NOTICE THAT THE FOUR BIGGEST BANKS, ARE DOING WELL. AND WE ALSO NOTICE THAT THE WHITE HOUSE APPEARS TO BE, MAYBE WE ARE READING INTO THIS TOO MUCH TRYING TO INDUCE RUNS ON REGIONAL BANKS. THEY SEEM TO BE TRYING TO TAKE AWAY YOUR CONFIDENCE IN THOSE BANKS. THEIR IS KAREEM JEAN PIERRE. SHE IS A VESSEL FOR THE PLANS OF OTHERS. HERE SHE IS ON FRIDAY AS SBV IS COLLAPSING. SHE DOESN'T SAY A WORD ABOUT THE FUNDAMENTALS OF THE MARKET. SHE TALKS ABOUT THE ONE THING THAT MATTERS TO HER WHICH IS THE RACIAL IDENTITY OF THE PEOPLE IN THE FINANCE SYSTEM. >> NOTE THE HISTORIC NATURE OF THE MOMENT THAT YOU SEE IN FRONT OF YOU RIGHT NOW, ALL THREE OF US OR HISTORIC FIRST IN OUR ROLES, CEA CHAIR, OMB DIRECTOR, WHITE HOUSE PRESS SECRETARY. THE FIRST BLACK WOMEN RIGHT IN FRONT OF YOU FOR THOSE THREE IMPORTANT IMPORTANT KEY ROLES IN THE ADMINISTRATION. >> Tucker: THESE PEOPLE ACT ALL SELF AWARENESS AS IF ANYONE WOULD CARE. WHY SHOULD WE CARE? THESE ARE SOME REASON TO CARE? YOU ARE DISCREDITING BY YOUR STUPIDITY AND CLEAR IN COMPETENCE ANYTHING YOU ARE PROMOTING. WE SHOULD KEEP THAT IN MIND. IF YOU WANT TO MAKE PEOPLE LESS CONFIDENT IN REGIONAL BANKS, INDUCE A RUN ON THE BANKS THIS IS HOW YOU TALK. WE ARE ALL PART OF A SERVE OF CERTAIN RACIAL GROUPS. WHAT DOES THIS HAVE TO DO WITH BANKS CASH THAT HAVE IN RESERVE TO COVER THEIR BALANCE SHEETS? SO WHAT WE DO KNOW IS THAT THE DEMOCRATTING PARTY, THE BIDEN ADMINISTRATION SEES THIS CRISIS AS A MEANS OF EXPANDING THEIR CONTROL. AND WE KNOW THIS BECAUSE IN A RECENT ZOOM CALL WITH THE FED, TREASURY DEPARTMENT AND FINANCIAL REGULAR LIT I DON'T REMEMBERS WITH MEMBERS OF CONGRESS, MARK KELLY ASKED IF THERE WAS A PROGRAM IN PLACE TO SENSOR LEADERSHIP POSTS. ACCORDING TO CONGRESSMAN THOMAS MASSEY. MASSEY WAS ON THE CALL. SO, THINK ABOUT THIS FOR A SECOND, YOU'VE GOT A DEPOSIT AT A REGIONAL BANK THAT IS HOLDING TONS, WAY MORE THAN YOU KNOW, OF LONG INTERPRETER ROWS WORTH A LOT LESS THAN WHEN THE BANK BOUGHT THEM, THAT IN MOOS YOUR MONEY IS AT RISK. BUT SENATOR MARK KELLY OF ARIZONA DOESN'T WANT YOU TO KNOW ABOUT THAT. WHY WOULDN'T THEY WANT YOU TO KNOW THAT? KIND OF INTERESTING. THAT KIND OF CENSORSHIP COULD ACTUALLY CRUSH PEOPLE. SO, WE HAVE TO ASK THE OBVIOUS QUESTION, HOW CLOSER WE TO SOME SORT OF DISASTER AND TO
