Jay Powell
speaker
227 appearances
13 recordings
4 series
first heard Jan 2025
last heard 30 Apr
Jay Powell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jan 2026 with 10.
Appearances
What about the timing of that free burn? That was three months before, six months before this happened?
It's not just that.
Yes, so it's just crazy timing.
Yeah, somebody's going to lobby somebody. But hey, we're sitting here, Chamath, in the age of Doge and saying, hey, let's make the government smaller. In fact, Dave, you and I were talking about at some point, gangs of New York and the fire departments being- Oh, yeah, totally.
talking about that two or three weeks before this happened. But when we look at making government smaller, well, that means that these kinds of situations would put citizens more on their own. So let's counterbalance what you think, Chamath, about who should be responsible. We all espouse, I think, free market ideology on this program and as executives and in what we do every day.
Should the people who own these homes going forward who decide to rebuild them here be have to pay 5%, 10% of their value of home every year? Should their home prices collapse because it's too hard to build there? And should the free market take over this risk?
Or should it constantly be put on the other 329 million Americans who are going to have to bear the brunt of what happens to the million people affected in this area?
The average is four and a half. Yeah, I was about to say, there's nothing for a million these days. Yeah, it's got to be three or four minimum.
Okay, don't do your thing. Oh, wow. Gosh almighty. We're talking about, hey, maybe less government. Hey, maybe spending less. Now the same group of people maybe who were saying, hey, we need to spend less and reduce the size of government are saying, hey, well, why isn't California more prepared? Well, being prepared obviously means more money and more taxes.
So you have now these two competing ideologies here. But to the question of who is responsible, it is economically going to make no sense to rebuild unless you can get that insurance. It is a coveted place to live. But because of the construction costs have gone absolutely parabolic in California because of regulations, you're talking about $14 million in income to build a $7 million house.
And maybe you're just better off selling the lot for $1 million and letting it be somebody else's problem going forward and just taking the $2 or $3 or $4 million loss. Who should pay? for on a go forward basis, underwriting these homes.
This is more regulations that were layered on here to try to create equality. And the fact is, it's now... working against the system in Tahoe, to your point, they gave us explicit instructions around homes. Put stone and pebbles around your home. Cut the trees and bushes down around your homes. Do this over here. Your premium should go down when you do that.
And if you do that, which might cost $10,000 a home, it would keep these from jumping from one to the other in most fire situations. Freeburg, you're back. Is everything okay?
Yeah. What are they saying?
We're the last generation that will be thinking about this issue of grabbing the photos. Yeah. It's fascinating. I just want to say, like, you know, as we wrap up this segment, you know, obviously we're thinking about everybody there. This is complex. This is not the fault of a lesbian firefighter or the Ukraine or any of these other issues. This is leadership and nature and preparedness.
So there are big issues around climate change. You want to believe me, you don't want to believe me, fine, put that aside. But I can tell you that when I saw Karen Bass get off that flight Play the clip, Nick, of Karen Bass here, because it's a short enough clip that we can play it here for the audience.
I'm assuming you all, three of you saw this clip of her being absolutely unwilling to answer a single goddamn question about what's going on. This is the opposite of a leadership. Just 10 seconds of this.
She's in shock. I mean, I have zero sympathy. You took the leadership job. I don't give a shit if you're in shock. You're a leader. You sold yourself as the leader that you were going to service these people and you don't have the dignity, the honor to just answer the questions. That is absolutely the worst leadership I've ever seen under fire.
You fire them all and you vote for Rick Caruso, you vote for executives who know what the they're doing and know what to do in a crisis because they've been under fire before, because they've run a business before, because they've seen hit the fan. This person, I don't know her, I don't know her history, but I'll be totally honest, like I wouldn't trust her
literally to pick up my lunch, if she can't answer one or two goddamn questions and give a placating answer to a reporter, hey, it's an intense situation. We're working as hard as we can. She can't even say two goddamn words to the people who voted her in.
Showing 121–140 of 227 · page 7 of 12
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