Fox host encourages a national run on banks
Ainsley Earhardt: “We need to go to the banks and take our money out”
Published
Citation From the March 13, 2023, edition of Fox News' Fox & Friends
BRIAN KILMEADE (CO-HOST): So, this guy David Sacks, who's well respected, general partner of Craft Ventures, he's on a podcast and he's saying he thinks more could — that more banks could go down this road. And then, Wall Street Journal writes today in their editorial that he is a "panic spreader." So, to take it easy today and don't let this ripple through the economy. There's other fear is if you get rid of the regional banks, if all the regional banks say "okay if they fail, I fail," and if we could become a country run by four major banks we all lose.
LAWRENCE JONES (CO-HOST): I understand not ensuing panic. But I think it's time to be honest with the American people at the same time.
AINSLEY EARHARDT (CO-HOST): We need to go to our banks and take our money out.
JONES: Well, I mean, I think if you're above that $250,000 mark.
EARHARDT: That's not insured.
JONES: That's not insured. I think there should be some caution right there. And I think for the people that are saying "okay, these are just the big tech companies," what about the little small business owners like Etsy, like this one lady Nina was talking about "look, I'm a mom and pop store, I'm just selling my merchandise on there." True indeed this is in Etsy, but it's a marketplace of other small business owners. I think that's the real problem.
EARHARDT: It shows you how it trickles down, even if she doesn't bank with this bank, how it's affecting her.
KILMEADE: They were heavily into equity and all these Pride days around the world. Where is your focus on regulation and risk? And I think that there's an imbalance there.