‘Democrats lost the house. I’m less convinced that Republicans won it.’
Host John Heltman Welcome to the American Banker Podcast. I’m John Heltman. As you probably heard, we had an election a few weeks ago and as you also may have heard the outcome, at least in terms of which parties control which chambers of Congress has finally been determined, Democrats have retained control of the Senate and could even pick up a seat depending on the outcome of the runoff election in Georgia next month, Republicans retook control of the House of Representatives, albeit with a much narrower margin than was widely anticipated. And coincidentally, just as the voting was taking place across the country, crypto exchange, FTX began its downward spiral towards bankruptcy, a development that has broad political implications for the next Congress and for regulators’ efforts to establish rules for the crypto verse to live by, to unpack the midterm elections and the policy trajectory going forward. I invited some of the smartest people I know to the National Press Club in Washington, DC last week: Karen Petrou, co-founder and managing director of Federal Financial Analytics; Aaron Klein, Miriam K. Carliner chair of Economic Studies and Senior Fellow of the Center on Regulation and Markets at the Brookings Institution; and Ed Mills, managing director and Washington policy analyst at Raymond James. We talked about the election, what to expect out the lame duck Congress, the long shadow of FTX and what all of this means for the next two years of the Biden administration…
Listen or read transcript: https://www.americanbanker.com/podcast/democrats-lost-the-house-im-less-convinced-that-republicans-won-it