Euro, and he is now accused of tearing it apart. Tom where will germany be monday morning . Brendan i do not see how this fails, but germany is talking about having a discussion with itself about the euro, and it is entirely possible that they may be ready to contemplate after some time what we have been talking about. Tom lets get to top headlines. Here is vonnie quinn. Vonnie thank you, tom. Lawmakers in germany are getting ready to vote now on the new greek bailout. The plan is expected to pass backed by the majority held in parliament by Angela Merkels party. The german chancellor spoke this morning in favor of the bailout. Angela merkel the dramatic events of the past days in europe cannot be overestimated. These days are dramatic, first and foremost, for the country that is the subject of our thoughts and consultations greece. Lets imagine for a moment what it would mean is at home in germany pensioners would be queuing in front of closed banks to wait for their weekly pension of
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui
Issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liquidity. Liquidity always has some price, sometimes its low and wed like it to be low, its always, always priced. The first issue, is there a question of transition . And if theres a question of transition, how do we get through the transition quickly . Maybe we dont want to have banks dealing bonds. The
Happy anniversary to me its safeways anniversary. Happy anniversary to me but youre the one whos gonna save some serious money. Happy anniversary to me right now with your club card brentwood sweet corn is 4 for 1. 00 tropicana orange juice or farmstand juice is 2. 49 and lays potato chips are just 1. 99. Happy anniversary to me. Safeways huge anniversary sale its just better. Good evening. Youre about to see for yourself what its like to be in a raging inferno. Tonight finding out what you need to know to escape the flames. Do you see flames or smoke . A woman hysterical as shes trapped, flames ripping through her home at an apartment complex in nashville, tennessee. The thing is burning down get out of the building the fireman helped rescue the woman and pull her to safety. She froze just standing there looking at it. Listen to me you need to go. At that point i just pushed her along and explained to her if she hurries up shell be safe. Oh my god this time a construction worker trapp
But first, the nightline five. [muted singing throughout] these girls have waited 62 days for this concert tonight. So far ive counted 32 omgs, 75 lols, 13 yolos, and im super tired tweensfun age, huh . You have places to go. [girls squealing with delight] let us worry about getting you there. Bp gasoline with invigorate. Fuel the journey. Good evening. Youre about to see for yourself what its like to be in a raging inferno. Tonight finding out what you need to know to escape the flames. Do you see flames or smoke . A woman hysterical as shes trapped, flames ripping through her home at an apartment complex in nashville, tennessee. The thing is burning down get out of the building the fireman helped rescue the woman and pull her to safety. She froze just standing there looking at it. Listen to me, you need to go. At that point i just pushed her along and explained to her if she hurries up, shell be safe. Oh, my god this time a construction worker trapped in houston, texas, taking this l