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July 16, 2024
Policy. The committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Before we turn to the substance of todays hearing let me address a House Keeping matter. First let me remind members should during these proceedings with the exception of when theyre speaking take precautions in light of covid19 including by wearing a face cover such as a mask. Were also limiting staff attendance at the hearing. I would encourage and urge unless youre speaking t...
July 16, 2024
Donald trump and joe biden face off for the 1st time in the u. S. President ial debates. With fellow very still gripped in a political crisis the french president makes the countrys self exiled Opposition Leader and agrees to mediate in negotiations. And watching r. T. International neil harvey on the team will be back with your close a morning run down and then our best to stay tuned for the kaiser. Hey you know back in 2008 when the had the Global Financial crisis and banks went under Lehman B...
July 16, 2024
[inaudible] the committee will come to order. The committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Before we turn to the substance of todays hearing, let me address a House Keeping matter. First, let me remind members should during these proceedings , with the exception of when theyre speaking, take precautions in light of covid19 including by wearing a face cover such as a mask. Were also limiting staff attendance at the hearing. I would...
July 16, 2024
Were back together now with the latest 1st its the kaiser reports. Hey you know back in 2008 when the had the Global Financial crisis and banks went under of Lehman Brothers bear stearns and some European Banks are going to go under that all of meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020 times bigger at the time we said you know it in 10 to 12 years so if theres going to happen but a lot bigger well here we are 12 years later an...
July 16, 2024
Hey you know back in 2008 when the had the Global Financial crisis and banks went under of Lehman Brothers bear stearns and some European Banks are going to go under that old like meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020 times bigger at the time we said you know it intended 12 years so if theres going to happen but a lot bigger well here we are 12 years later in the face of just as you said. Its all unraveling again especiall...
July 16, 2024
81. 00 just a smidgen above the more 5 decade low of 79. 00 set in march the last time before march that the index was below todays level was february of 1988 during the sell off that followed black monday in october 1987 when it also slumped as low as 79. 00 the index has collapsed by 85 percent since its peak and may 2007 after having quadrupled over the preceding 12 years its looking bad right now i mean once a day and the connections are 1087 black monday the crash of that here is very impor...
July 16, 2024
A negative Interest Rate environment that is toxic for banks so the stocks 600. 00 banks and x. Which covers major European Banks slumped 5. 7 percent on monday to close at 81. 00 just a smidgen above the mall 5 decade low of 79 set in march the last time before march that the index was below todays level was february of 1988 during the selloff that followed black monday in october 1987 when it also slumped as low as 79. 00 the index has collapsed by 85 percent since its peak and may 2007 after ...
July 16, 2024
The solution then was to extend Bank Credit Facilities thats how Alan Greenspan Ronald Reagan and robert rubin the plunge Protection Team or that working group on finance the president S Working Group on finance decided that they would solve this problem by not punishing or reforming but expanding the credit line of these banks so they did exactly what they were doing but on a bigger scale and then we have of course another major move down in 1989 we had a bomb crash more or less 9093 we had the...
July 16, 2024
Committee members will be asking him about a whistleblower complaint that top dhs officials interfered with Intelligence Reports to protect President Trumps image and immigration policy. The committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Before we turn to the substance of todays hearing let me address a House Keeping matter. First let me remind members should during these proceedings with the exception of when theyre speaking take preca...
July 16, 2024
Members of the Senate Family today and many of us have lost a dear friend. We are brokenhearted at the news former senator hagan passed away at the age of6. 66. I spoke to her husband a few hours ago and i told him from the moment i first met kay hagan a new shoe special. She remained that way every day since. She was an amazing force , never allow that only strong. D, and a kindhearted person to tell me he and k just had a wonderful weekend of dinner , wedding and surrounded by friends and fami...