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Episode 260 - Planes, Trains, & Bank Bailouts (w/ Matt Stoller) (Patreon)

Published:
2023-03-16 09:06:43
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2026-06
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Content

Subscribe to Bad Faith on Patreon to instantly unlock our full premium episode library: http://patreon.com/badfaithpodcast

Briahna recorded this episode with Matt Stoller last Friday as news was emerging about the failure of Silicon Valley Bank -- the 20th largest bank in the US. We discuss the roots of that crisis along with how antitrust factors into the disaster in East Palestine & prospective merger between JetBlue and Spirit Airlines. Finally, at the end of the episode, Briahna get's Stoller's take on Matt Taibbi's claim that the FTC's investigation into whether the Twitter Files disclosures compromised private user data is a witch hunt of sorts. We tackled a lot in this one. See you tonight on Callin to discuss.

Subscribe to Bad Faith on YouTube for video of this episode. Find Bad Faith on Twitter (@badfaithpod) and Instagram (@badfaithpod).

Produced by Armand Aviram.

Theme by Nick Thorburn (@nickfromislands).

Comments

Jonathan Kadmon

“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” -Adam Smith, Wealth Of Nations book 1, 1776. The founding text of modern capitalism. Too bad almost no modern capitalists ever read it. We gonna be able to get Matt to join for the Callin again? Last time was a party, even if it did get a little messy at times.

badfaithpodcast

I think I accidentally deleted your comment Ross Husted. I was trying to reply and ask if you had a link! My bad!

Christopher E Musgrave

Kinda feel like the defense of SVB here is a little sus. Like sure, there should be banks putting out loans for risky ventures. But the risks that brought them down weren't their loans to business, they lost out at the government securities casino. Also what makes their conduct aggregious is holding depositors hostage that the government was going to be obligated to bail out. I think there's enough loose capital out there we don't need to add the deposits people need for their payroll to it.

Jonathan Kadmon

I should add matt made a comment about "the collapse of new deal regulatory regimes in the 70s" that was an oblique reference to the ralph nader punching thesis in his book "Goliath". He's dead wrong about that. Nader was right about that, those institutions were corrupt, captured and unaccountable and weren't doing any real regulating. everything was consent decrees and voluntary compliance. Lobbyists and corporations could get at them but the public could not. He's wrong about the consumerist movement too. The socialists who designed the new deal mainly came out of the consumer movement in the 20s and 30s and were purged in the second red scare. He kinda has these rose tinted glasses about the past, and the notion that if we just had some wonky regulatory regime everything would be just fine. The book, Goliath, is still worth reading though if nothing else than for the first part of it with the history of Wright Patman and the fight to break up Mellon's aluminum trust. Great story.

Cclear

I hope my comments don't annoy Brie either. I adore her and have tons of admiration for her. I just think the Marianne Williamson thing is dividing her audience in a way few other issues have. Usually we're pretty much on the same page. Also I think it would be interesting to have a bad faith Reddit page

Anonymous
>>104233647

I just watched the episode for wednesday (3/15) on the comedy central website. Also just noticed the Arwa Mahdawi opinion pieece in the guardian (also nice). Apparently, that clip has gone viral? Sounds like yer killin it!

surrander 2000

Although I am certain she does not care; ther Ed is no "e" in Briahna's name; Brie is a type of cheese.

surrander 2000

Although I am sure Briahna does not care, there is no "e" in Briahna's name. Brie is a celebrated cheese variety. "Or are you officially moving into the Neoliberal Breaking Points camp? Joining the Marianne Waste of Time Campaign? " Really. How many times did Lincoln run for President? Biden? Presidential campaigns are undertaken with more than one goal. Even some folks on the left will tell you that the point of electoral campaigns is to 'take power,' or 'to govern.' This plays directly into the alienated, individualized mythology of The Savior, The Man On A ('scuse me....) White Horse. One of history's greatest examples of a successful betrayal via a counterinsurgency campaign was Obama's Organizing For America campaign. Millions of people thought they were being mobilized for a permanent standing force that would change the model of U.S. political life. Then they were sent home. Marianne is working as a moral force which challenges the Duopoly by demanding that people change from spectators to participants. aw

Anonymous

So hilarious that people are going in on Stoller over his neolib tendencies. Neoliberalism and market expertise are not mutually exclusive. You just have to take what he says with a grain of salt. If you needed open heart surgery would you rather do it yourself, or have an expert (doctor) with differing political views do the operation? Y’all needa stop wasting so much time on hate, it’s why the left gets nothing done lol.

Anonymous

Strike two on the Twitter files! Are there any actual examples of Taibbi gathering and/or exposing Twitter user data? Last time I checked, the central subject of his reporting is on the MASSIVE governmental and quasi-governmental censorship regime operating at Twitter. To my dismay, NO ONE seems to give a damn about this huge story and its massive implications, including my favorite (sigh) podcast Bad Faith. This has got to be one of the greatest examples of missing the forest for the trees I have ever seen.

John H

I've said it before: I very much like Matt Stoller when he's in his lane. I think this approach to an interview - with a series of particular questions/topics from the start and keeping things pretty focused with a balanced depth - is exactly the right one to get the best (from a Leftist perspective) version of Matt. In line with that, I agreed with him about how disingenuous the Republicans on the Twitter Files panel were being (we all agree about the Dems), and I didn't know Twitter was under a consent decrer related to user data privacy, but I thought he was overstating how much the other Matt was being tricked or used, since this is an even bigger story than the Pentagon Papers regarding domestic propaganda and (counter)intellicence operations, and therefore deserves most of the focus.

John H
>>104280418

She spells her nickname "Brie," like the cheese. Hence her Twitter handle (@briebriejoy), the title of the Callin show (The DeBRIEf), etc.