Page 95 - Liquidation News Today

Up into the national dialogue. >> chris: senate democrats may bring financial regulation of wall street to the senate floor this week or in the next couple of weeks and the white house has now told senate democrats to drop the idea of a $50 billion fund paid for by the actual financial industry to financial the liquidation of the big institutions. is there a deal to be made on financial regulation? >> i believe there is. i believe there could be. but it is also well known the white house sent ou...

Frequently are not as you know. lets begin this morning with senate banking chairman chris dodd who looked to set the record straight on his bill. firing back at republican characterizations of the democrats plan as a permanent bailout. >> our bill ends too big to fail. bailouts end forever. management is fired. shareholders lose. creditors lose. theres a liquidation. >> having a plan to deal with too big to fail bank thats collapsed is actually very different than detecting or deterring too big...

Dollars so someone could make a billion dollars, it seems the good guy case is to find a bipartisan solution. >> i couldnt agree more. were really not that far from it, chris. there are some things on orderly liquidation i said on the floor and said multiple times we could fix in about five minutes. consumer protection piece needs to be put back where it was when chris and i were negotiating on march the 10th. i do believe that both sides in fairness have begun to use this as a political footbal...

Doesnt support this idea of a liquidation or bailout fund. neither does the white house. so its subject to negotiations and those continue. >> shepard: all of this, major, on the heels of the feds accusing goldman sachs of fraud in relation to mortgage investments it sold back in 2007. is that a factor in all of this? >> its a factor, shepard, because it creates a political environment where people say wait a minute, something really bad happened, goldman sachs is accused of lying to its investo...

This truly is a death panel wechlt are sayi. we are saying, how do you get through liquidation. if we put together a little bit of this fund, $50 billion that would be fund bid industry to keep the lights on until you could borrow enough money to orderly resolve and get rid of the firm. if there is a way to cut that back on make it smaller, i am willing to look at it. i would love to hear from senator mcconnell and others specifics, not just general attacks. if there hadnt been this fund, there ...

At this time as it was coming up into the national dialogue. >> chris: senate democrats may bring financial regulation of wall street to the senate floor this week or in the next couple of weeks and the white house has now told senate democrats to drop the idea of a $50 billion fund paid for by the actual financial industry to financial the liquidation of the big institutions. is there a deal to be made on financial regulation? >> i believe there is. i believe there could be. but it is also well...

Up into the national dialogue. >> chris: senate democrats may bring financial regulation of wall street to the senate floor this week or in the next couple of weeks and the white house has now told senate democrats to drop the idea of a $50 billion fund paid for by the actual financial industry to financial the liquidation of the big institutions. is there a deal to be made on financial regulation? >> i believe there is. i believe there could be. but it is also well known the white house sent ou...

Divisions through liquidation and it would have -- and you know the world would not have come crashing to an end. i have to tell you you know that the lessons that we ought to glean -- and i say both political parties. >> but i understand. >> -- a republican administration that advanced that wall street bailout. both political parties ought to learn from the panic of 2008. that a referee private sector where we have clear rules, maybe we update the rules, maybe we pass some new legislation for c...

Once the government gets as much debt as we have, the liquidation of debt always happens, you cant avoid it. its just a question -- no, im not advising that we renege on paying on the treasury bills and sending out social security, but what is going to happen, though, the debt will be liquidated by paying back money that doesnt have as much value. all you have to have is 10% inflation rate and youve wiped off a trillion dollars of debt. >> that would be unacceptable, because most peoples life sa...

Quote, in liquidation. mueller started asking around. they decided to disappear. you start asking questions, stuff happens. things get forced into the light, stuff happens. this week we learned that it had happened again. in a very similar fashion but with a different foreign firm. this time it was cambridge analytica, which is the data firm that was hired by the trump campaign. theyve since gotten themselves into a million different kinds of trouble. last year we learned that muellers investiga...