Bill O’Reilly’s No Spin News and Analysis - The O'Reilly Update, March 13, 2023

Episode Date: March 13, 2023

The Fed says ‘no’ to another bank bailout, Mike Pence turns on Donald Trump, Fauci doubles down on the “natural origin” theory of Covid-19, and CNN finds some problematic language in the American south. Plus, the Message of the Day, the collapse of Silicone Valley Bank and what it means for you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill O'Reilly here. You are listening to the O'Reilly Update. Coming up next, the news with Mike Slater. Thank you, Bill. It is Monday, March 13th, 2020. You're listening to the O'Reilly Update. Here's what's happening today in America. The Fed says no to another bank bailout. Mike Pence turns on Donald Trump. Anthony Fauci doubles down on the natural origins of COVID. And CNN finds a term that, every good parent, especially in the South, teaches their kids to say very problematic. Also coming up the message of the day, but first, the Treasury Department, refusing to bail out Silicon Valley Bank. We'll talk more about this in the message of the day. The institution bank, better known as SVB, is the nation's 16th largest lender, and it is now the second biggest bank failure in American history after the collapse of Washington Mutual 15 years ago. The bank primarily served

Big Tack employees and Silicon Valley investors and startups. Treasury Secretary Janet Yellen said we are not going to do bailouts again. But then the government came back and said that we will make everyone whole. They're just not going to bail out the bank, but they're going to bail out the people.

Lots of questions. We'll talk more about that coming up next. Mike Pence, turning on his former boss, the ex-wise president directly blaming Donald Trump for the January 6th riot at the Capitol. He said Pence. President Trump was wrong. I had no right to overturn the election and his reckless words

endangered my family and everyone at the Capitol that day and I know that history will hold Donald Trump accountable. Tony Fauci doubling down on his insistence that the COVID pandemic began in the wild, not at the Wuhan Institute of Firology. Fauci was talking with CNN when he insisted that if proven true, the lab leak theory

can still be considered a natural occurrence. He says, quote, a lab leak could be, could mean that someone was out in the wild. Maybe looking at bats, got infected, went into a lab, was being studied in the lab, then came out of the lab. That's still a natural occurrence. Oh, thanks, Tony. In COVID news, there's a city in China.

13 million people, they have a new pandemic plan that says they'll go back to lockdowns, even if there's a severe case of the flu. The city in China had a complete total lockdown, like welled the door shut lockdown for over a month during COVID. Now, come on, your parents taught you to use this word, didn't they? Well, now it's very problematic. CNN published a report questioning the use of the term, ma'am for women.

The author claims that many women are outraged by the word because it traditionally refers to older females. It's also very transphobic. Women, are you offended when someone calls you, ma'am? Coming up next, the latest was Silicon Valley Bank and what it means for you. Hey, it's Sean Spicer from the Sean Spicer Show podcast, reminding you to tune into my show every day to get your daily dose inside the world of politics. President Trump and his team are shaking up Washington like never before, and we're here to cover it from all sides, especially on the topics the mainstream media won't.

So if you're a political junkie on a late lunch or getting ready for the drive home, new episodes of the Sean Spicer Show podcast drop at 2 p.m. East Coast every day. make sure you tune in you can find us at apple podcast spotify or wherever you get your podcast mike slater filling it for bill o'Reilly now it's time for the o'Reilly update message of the day the 2008 financial crisis was so bad that in a normal year maybe two banks will fail experts predicted early on in 2008 that maybe 300 banks would fail by the end of the crash 465 banks failed. Well, on Friday, Silicon Valley Bank is the second biggest bank

ever to fail. The question is, will more dominoes fall? Maybe not. Silicon Valley Bank catered mostly to Silicon Valley startups, which are by their nature more risky. So maybe this was just bad management. And maybe it's not

the sign of a massive system failure to come. Or, maybe they're not that unique. Maybe they are just the first to fall. It's impossible to tell yet. Two points I want to share first. The experts missed it bad.

Jim Kramer on CNBC. He said on February 8th, just a month ago. He said SVB Financial is among my, quote, biggest winners of 2023. Now you say, okay, well, that's just one guy. It's Jim Kramer. He's been epically wrong many times before. Okay.

Forbes magazine on Monday. named Silicon Valley Bank on its annual rankings of America's best banks for the fifth year in a row. That was last money a week ago, and by the end of the week, they were the second largest bank failure in history. We need to stop listening to the experts. How many times do you need to be or how wrong do you need to be before you're just not even considered an expert anymore. Point two, ESG. Are you familiar with ESG?

It stands for environmental, social, and governance. To explain this very quickly, back in the day, a company or bank would make decisions based on what was best for the shareholders of the company. Well, then the United Nations and the World Economic Forum and this progressive idea came in that there are other things that companies should be concerned about. And they came up with this new metric. The E stands for environmental. So is this company making good decisions to fight global warming?

S is social. Is this company investing enough money in telling stories of trans, queer women of color? And governance is the G. Does this company have enough disabled LGBTQ whatever on their board of directors? And companies are rated based on these progressive factors at the expense of what's best for the company and shareholders. Easy example. We know Disney went woke and they had a gay character. In their movies, not good for business, not good for shareholders, but great for their ESG score.

Silicon Valley Bank was all in on ESG. You've heard the expression, go woke, go broke? Well, January 10th of last year, Silicon Valley Bank commits $5 billion to sustainable finance and carbon neutral operations to support a healthier planet. How green of them! Good for business. Ready for some word salad? and our ability to make a meaningful difference for people in the planet,

and to address the systemic risk that climate change presents is magnified by the outsized impact our innovative clients make. That's a lot of mumbo-jumbo. They said they want to advance solutions that create a more just and sustainable world. Uh-oh, run, run! Just and sustainable. Is that a good use of money? So maybe we could stop a full-on collapse and keep this just a single domino.

If other banks will focus on, I don't know, banking. and not virtue signaling. It's easy to laugh at Disney and say, Ah, go woke, go broke. Your movie didn't make a lot of money. Now it's go woken. Wait a second. Where did all my money go?

Something you might not know. Next. Hey, I'm Caitlin Becker, the host of the New York Postcast, and I've got exactly what you need to start your weekdays. Every morning, I'll bring you the stories that matter, plus the news people actually talk about,

the juicy details in the world's politics, business, pop culture, and everything in between. It's what you want from the New York Post wrapped up in one snappy show. Ask your smart speaker to play the NY Postcast podcast. Listen and subscribe on Amazon Music,

Apple Podcasts, Spotify, or wherever you get your podcasts. Now the O'Reilly Update brings you something you might not know. American history is filled with heroes and villains, as we all know, but few stories capture the imagination more than tales of the Wild West.

Here are the most famous figures of the frontier and their eventual fates. Billy the Kid, born Henry McCarty, the teenage outlaw, was best known for his string of murders and robberies throughout the Western territories. The kid was shot and killed by police in New Mexico at the age of 21. He was responsible for 20. 21 murders, one for each year of his short life. Next, Jesse James, the 14-year-old, joined a gang of Confederate guerrillas after the Civil War and continued his reign of terror for decades.

Jesse James was killed by his friend and gang member Robert Ford at the age of 34. While Bill Hickok, Bill left home at age 17. worked as a canal boat pilot in Illinois before heading west in 1856. He worked as a sheriff in Kansas, then the Western Territories. Hickott was shot and killed while playing poker in a saloon in Deadwood, South Dakota. The hand of cards he held at the time he was shot is now known as Dead Man's Hand, two pair, black aces and eights. Finally, Wyatt Earp and his crew became national heroes following their shootout at the OK Corral in Arizona.

The local sheriff of Cochise County, who actually saw the shootout, charged the Earps and Doc Holliday with murder. One month later, a tombstone judge found the men not guilty, ruling that they were, quote, fully justified in committing these homicides. And here's something else you might not know. The era known as the Wild West ended peacefully through technology. By 1910, a combination of the telegraph, telephone, and railroad joined the dangerous frontier with the rest of the United States. And by the way, Wyatt Earp lived to be a very old man, and he went to Los Angeles. No movie contract, however. back after this.

Power, politics, and the people behind the headlines. I'm Miranda Devine, New York Post columnist, and the host of the brand new podcast, Podforce One. Every week, I'll sit down for candid conversations with Washington's most powerful disruptors, lawmakers, newsmakers, and even the president of the United States. These are the leaders shaping the future of America and the world. Listen to Podforce One with me, Miranda Devine, every week on Apple Podcasts, Spotify, or wherever you get your podcast.

You don't want to miss an episode. Thank you for listening to The O'Reilly Update. I am Bill O'Reilly, no spin, just facts, and always looking out for you. Thank you.