Page 45 - Robert Wolf News Today

Have been seeing one day after another under control. >> robert, the screen the higher rates and how they have hurt home buyers. take for example a monthly payment. if you buy the average home price in this country right now, about 350,000, 20% down. at 3%, $1,180. now 6.6% 30-year mortgage right, you are almost at $1,800 a month. so, now we are waiting a decision 28 minutes from now could raise the rates even further. what is it going to do to the american economy? >> a few things. i think they...

Muhammad alerian joined me. he, robert wolf were joining me. they advised democratic presidents here in the united states. and he had this warning about what the administration did with svb and what it means if theres another bank failure. >> i fear you cant put the genie back into the bottle. politically it will be impossible not to extend the same full unlimited deposit guarantee to all banks. >> sandra: thats a big statement from him. >> sure. sure. just so folks understand what were talking ...

FOX Business host "Kennedy" argues the 2008 financial crisis led to the addition of more layers and bureaucracy, making the overburdened system prone to cracks on "The Big Sunday Show."

Our next guests advised for obama. lets bring in mohamed el-erian and robert wolf. robert, i always say we go to you a lot on politics, but you ran one of the largest banks in this country for quite some time and managed it through the financial crisis, so your voice is very important here. and mohamed el-erian, you as well. this sound from the republican from louisiana this morning. he ties president bidens inflationary policies to the banks collapse. listen to this. >> this is a direct result ...

Were late in addressing inflation, so there is blame to be shared, but i agree with robert. it is not pointed out the administration, but at the fed and the bank itself. >> sandra: here is a democrat. saying that the biden administration is not acting quickly enough. listen to this. >> i think it is just right now things move at the speed of twitter, and the government does not move at that speed, and i think they dont realize what the problem could be and how fast money is moving and the challe...

Fdic insurance, sorry to prolong, it only insured up to $250,000 and theres enough coverage to give all the depositors 502075% of their money immediately. joey: as long as two or three or four other banks havent made the same mistake and predict it quickly and can you predict theres other bank withs the same vulnerability? >> theres not with the same vulnerabilities and people look at the same issues and this is what happen when is theres a run on the bank and doesnt happen that spawn last one i...

Winter not saying much, because weve been so incredibly dry, but you get the idea a lot of snow across interior sections at this point will see rain along the i-95 corridor. joe jim jordan, to you inside. joey: thanks, chief. fox business alert, silicon valley blank, clients lining owl outside the bank desperate to get their money back and the startup-focused lender was the largest bank to fail since the 2008 financial crisis and the collapse is familiar to the next guest who was among a handful...

Planned, e-mails about climate change from the people in charge so all of that going on as the bank is going under and they saw it coming, again, speaks to what the ceo of home depot said about the lack of mission focus can. >> you know, i spoke a point on this, i spoke with robert wolf, were going to play a sound on tape of him in a second but first, what he didnt get to that we talked about in the break is that these banks took this money and bought securities and then when they needed capital...

Former CEO of UBS Robert Wolf and FOX Business correspondent Charlie Gasparino react to the historic implosion of Silicon Valley Bank and it's economic devastation.

Donald Trump takes aim at Ron DeSantis as both likely rivals in the 2024 Republican presidential primary battle stop in Iowa, the state that kicks off the GOP nominating calendar