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July 7, 2024
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following ...
July 7, 2024
Minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for a brief opening statement. Mr. Huizenga congressional oversight a a constitutional authority, used to maintain the well being of government. This is a lesson i learned from my fellow congress sorry, weve got to make sure we get the timer going. There we go. This lesson of oversight was something that i learned ...
July 7, 2024
Democracy. Watch video on demand any time online at cspan. Org. And try our points of interest feature, a timeline tool that uses markers to quickly guide you to news worthy and interesting highlights of our coverage. Use points of interest any time online at cspan. Org. Michael cn official at the Government Accountability office, testifies on his agencys review of now Michael Clements testifies on his agencys review of the Signature Bank and Silicon Valley bank collapses. This runs about 90 min...
July 7, 2024
Is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and ...
July 7, 2024
depositors president biden in remarks this morning addressing the moves by his administration >> americas going to have confidence that the banking system is safe your deposits will be there when you need them. i instructed my team to act quickly to protect these interests. no losses will be born by the taxpayers. >> ill break it down with larry summers. the presidents heading to san diego this hour with meetings where the british prime minister and australias leader, highlighting the ...
July 6, 2024
Climate change. This is about 30 seconds early minutes. Gabriela good morning. How are you . Welcome to this historic event where the president s of idb and the world bank will share with us their vision for development and also the importance for Multilateral Development banks working together. My name is gabriela frias. Im a business journalist for cnn and i am delighted to be moderating this conversation. Were honored to have you and those following this live transmission. And now i would lik...
July 6, 2024
The feds job to take the data at face value. The best thing is to look at the data and standby that. No matter what they do they will get criticized. Im not concerned about the fed cutting rates. This is bloomberg surveillance with jonathan ferro, lisa abramowicz, and annmarie hordern. Jonathan ending q1 with equities alltime highs and high yield spreads at multiyear highs. If bramo was here she would say what could go wrong . The third hour of bloomberg surveillance great begins right now. We a...
July 4, 2024
Priorities for Economic Development for the caribbean and latin america. It included access to Digital Technology and application and the impact for climate change. This is about 30 minutes. Gabriela good morning. The p i am a business journalist for cnn and i am delighted to be moderating this conversation. My name is gabriela frias. Im a business journalist for cnn and i am delighted to be moderating this conversation. Were honored to have you and those following this live transmission. And no...
July 4, 2024
Giving equities a nearterm jolt. Seeing declines across the board. Hang seng off 1. 2 percent and the msci lurching to the downside as you can see from the getgo. A quick look at china benchmarks to see how they are doing. That tells you everything. I guests we had a bit of a gut check for those developers. Not out of the woods. Investors coming to grips that may be the authorities theyve been sort of taking a piecemeal approach. Perhaps they are getting it right. We dont know yet. Theres a feel...
July 3, 2024
The discussion hosted by the Brookings Institution is about an hour. [inaudible conversations] ladies and gentlemen, if everybody would take a seat we are going to get started. Everybody just wants to grab a chair. We would like to run on time here. When the Founding Fathers sat down to write the u. S. Constitution in the summer of 1887, they had been scarred not only by war but by a series of failed monetary experiments with paper money issued by the states and the continental congress. The sca...