E74 - A Rocky Road From Deposit Floors to Debt Ceilings

In Search of Green Marbles

Weiss’s Deputy CIO explores the political and market implications of the banking bailout and how it will affect Congress’s response to the debt-ceiling crisis.

This week’s Green Marbles features Weiss’s policy and politics expert, Mike Edwards. Mike and G3 discuss recent stressors on America’s banking system. They proceed to explore how the Biden Administration's handling of the SVB crisis and its communications pertaining to America’s banking system could impact the politics of the looming debt ceiling debate.

Please check important disclosures at the end of the episode

Time Stamps:

• How will the current banking situation progress near term? [2:13]
• How will the broader politics behind the debt-ceiling issue address the regulatory bailouts? [10:46]
• Assuming bank failures remain limited, how does Mike think the next few months leading up to a resolution will play out? [15:28]
• Can McCarthy be a constructive force if fellow Republicans motion to vacate the chair? [21:45]
• Will the treasury bonds held by U.S. regional banks prove to be the silver lining of the crisis? [26:06]

Resources:

• Jordi's latest webinar: Markets Diverge Post FOMC
• Senator Lankford’s exchange with Secretary Yellen
• Veda Partners' Treyz on McCarthy's Future

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