Fed Window News Today

leaves more questions than answers. did the government step in at just the right time or over step with what critics say is another bank bailout? >> its not free. it comes with costs. >> plus, are more banks in danger of collapse? >> theres just panic. >> concerns spread to bigger institutions. >> can you squeeze under the pressure? >> as bank stocks take a rollercoaster ride. and regulators faced with a dilemma. >> were they asking the right questions? were they keeping an eye out for...

miles away. thats where the web space telescope -- attention of astronomers and space fans everywhere. according to nasa, the star, w r 1 to 4, among the biggest and most radiant stars known, is about to die. before going supernova. supernovas, as you may know, are the hottest, brightest objects in the night sky. the stars surrounded by cooler, glowing halo of gas and dust, a lot of it equivalent to the mass of ten of our sons. the mass comes from the starts off, which now is a mere sh...

I have the dubious distinction of being among the hundreds of thousands who lived through the Northridge Earthquake nearly 30 years ago.

Weekend with this lending facility. >> so everybody focuses on deposits for good reason. deposit outflows were the big problem. in the midst of that, these banks needed to be able to take these securities, long-term treasuries, 30-year mortgages that were very underwater and be able to say to the federal reserve, this is collateral, we would like a loan, you have one year, well pay you at par, not mark to market. mark to market is not a laymans term. they have open lines of credit. the most fasc...

Banks needed to be able to take the securities, long term treasuries, 30 year mortgages, that were underwater, and be able to say, to the federal reserve, this is collateral. wed like alone. you have one year. were gonna pay you at par. not market market. and market in market is not a laymans time. i apologize. the idea is, they have open lines of credit. fascinating thing is, the day after the fed window was put in place, jpmorgan said they had a line of credit available for first republic. tha...

They are wards of the state. we need to get banks out of trading. banks should be in the business of taking deposits and lending. if you want to be gold man sacks, give up your bank charter. do that, but dont have the fed window. dont have deposit insurance which their bank has. >> and then walk around like youre a tough guy. thank you very much. come back sooner rather than later. you set the table perfect for tomorrow. nice to see you. i look forward to seeing the debate tonight to hear these ...

Fighting for example for $185 billion bailout of aig. guess what, chris? it turns out that goldman sachs got $13 billion repaid from aig to goldman sachs. 100 cents on the dollar. now to my mind, that looks like a conflict of interest. that is what the gao will take a look at. you have situations where stephen friedman, a member of the board of goldman sachs happened to be the head of the new york fed. in that capacity he pushed for goldman sachs to become a bank holding company gaining access t...

Fighting for example for $185 billion bailout of aig. guess what, chris, it turns out that goldman sachs got $13 billion repaid from aig to goldman sachs. 100 cents on the dollar. now to my mind, that looks like a conflict of interest. that is what the gao will take a look at. you have situations where stephen friedman, a member of the board of goldman sachs happened to be the head of the new york fed. in that capacity he pushed for goldman sachs to become a bank holding company gaining access t...

On "meet the press" and theyre talking about this $50 billion fund and this is what will happen if a major firm, you know, blows up, well wind it down, well wrap it up in a box and put it on the shelf and everyone will be -- why not do something before that happens? >> you mean like too big to fail? >> yeah. like why not make it so that doesnt happen? >> on the front end. >> exactly. >> thats a very good point. some parts -- see, this financial bill is such a work in progress right now. part of ...