Rick Manning
Rick Manning is the President Americans for Limited Government and can be reached at rmanning@getliberty.org. A long time public affairs professional, Rick served as the Public Affairs Chief of Staff at the U.S. Department of Labor during the George W. Bush Administration, where he was twice recognized by the Secretary for Exceptional Achievement.
Rick's episode appearances
Episode 220: “Silicon Valley Bank: The Bill Finally Comes Due” with Rick Manning and Robert Romano
This week, Americans for Limited Government published a provocative and insightful piece about the banking system asking, “Has the United States banking system become too big to save?” In the past three years, to finance massive federal spending, the Treasury has issued almost $8 trillion new treasury bonds with almost $4 trillion bought by US banks during the tail-end of the Fed’s era of zero interest rates. US Treasury Bonds? Sounds like a safe investment for a bank, but here’s the problem. After 40 years of relatively stable prices, we now have raging inflation caused by reckless Federal spending. To try to fight this price inflation the Federal Reserve is raising interest rates which reduces the value of the commercial banks treasury bond investments. (We explain why this happens in this episode.) The result: banks are now sitting on more than $600 billion of unrealized bond losses. Silicon Valley (SVB), Signature, and First Republic banks look to be canaries in the coal mine, potentially the first of many regional bank balance sheets to blow up. The root cause for this […]
about Rick
Rick Manning is the President Americans for Limited Government and can be reached at rmanning@getliberty.org. A long time public affairs professional, Rick served as the Public Affairs Chief of Staff at the U.S. Department of Labor during the George W. Bush Administration, where he was twice recognized by the Secretary for Exceptional Achievement.
Born and raised in southern California, Rick graduated from the University of Southern California working his way through school running political campaigns.
Shortly thereafter, he became a state lobbyist for the National Rifle Association for nine years responsible for the southeastern United States, Maryland and New Jersey. At NRA, Rick worked closely with local groups to pass the groundbreaking concealed carry law in Florida which has subsequently served as a national model.
A veteran of dozens of corporate communications and grassroots campaigns, Manning has emerged as a leading voice in the conservative community with columns appearing in The Hill, Investor’s Business Daily, FoxNews.com and other major publications across the nation.