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Black Mountain Acquisition Corp. (the “Company”) (NYSE: BMAC, BMAC.U, BMAC WS) announced today that its stockholders approved an extension of the date by which
that is the worst case scenario. for the moment -- the question is how far these bailouts go. >> martha: let's let bob answer that. >> you said it could go further. >> deposits are safe. this was not a bail out in the sense like 2008 where you protected the stockholder, protected the bond holders. this was clearly -- they used different tools. i think we should be clear what happened with these banks. it was right in front of us, a lot of us didn't just look. when their capital market goes from worth $40 billion to $13 billion and their balance sheet goes from $100 billion to $200 billion, they stretch to make profits. so they went out on the curve and a rising rate environment. when you go out on the curve of mortgages, two things happen. the duration lengthens and the prices go down and you lose money. >> martha: the question is what to do now and why hasn't the government sold the bank yet?
>> well, it was palpable from the panic at the white house. they are trying to make the depositors whole and not the big stockholder, and they won't quote, unquote bail them out like 2008, but making depositors whole. so this shock and awe campaign was successful. will it stem other bankruptcies in the industry, well, i have been talking to people today, and the sheer magnitude of the interest rates will cause some cracks, and more trouble ahead, but at least for now, what the excite house has done, and the fed is doing, is that it is going to be prevented from a
proactively preemptively? i have been on the budget committee. now we are talking about issues that have nothing to do with regular order like joe is talking about. run it through back in our home states, we would bring every stockholder in, do you need more? build the case. if not, you're going to get less. you do those kinds of tradeoffs. and our economy only grows when we're knocking it out of the park 3%. so you should never have government growing more than 3%. >> here's the thing real quick, we know that we have accumulated a lot of debt because of covid. we were scared to death. we didn't want a financial crisis and we had a health crisis. we know that both presidents, so both parties under republican and democrat, we know that. but there's an awful lot of debt that was incurred because we chose. to say can't we at least look and see -- can we go back to precovid? just base things in until we raise the nondiscretionary which means you can't even debate it? >> bret: that takes negotiating. >> takes down sitting down and talking and for my democratic
this? they put a nice face on the green new deal. everything is clean. not a single carbon emission anywhere. look at that look at that. >> well, it should be the business of everybody up the chain. every stockholder up the chain. every corporation, every consumer facing tech and ev company. er policymaker, it should be their business to know what is happening in the heart of africa because you and i have become unwitting participants as consumers of smart phones and evs, unwitting participants in an utterly unacceptable level of violence perpetrated against some of the poorest and most vulnerable people in the world. >> jesse: people eat their food farm-to-table they want to know where everything comes from. they want to source it all. but they buy these electric cars with african slave labor. child slave labor and they don't care. thank you very much. amazing footage that you
so, it's just not going to be good for the whole valley. >> jesse: so it's going to change the entire valley for the negative. have you been consulted at all? you seem like a pretty significant stockholder. >> i personally have not. some of the ranchers i don't have the grazing allotment on the dessert but my friends, you know, like john r. cush and those guys that do have the grazing allotments out there they have been approached and offered just pennies of what it would actually cost them to move off of the dessert. and it will destroy the dessert, so they will never be able to come back on again like they are now. so, but, no, i have not personally been approached by them. >> so they are bribing people to leave the lands? that makes a ton of sense. and they are not even getting good money for it. are you, as a guy in the community. are you seeing the entire community come out against this? are there other people that are like yeah, let's jam some wind turbines all over my backyard?
Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the pricing
way i can. vince's daughter stephanie mcmahon is going to be one of the co-ceos. do you think vince mcmahon will continue to call the shots behind the scenes like, you know, likes one of those wrestling segments you might see? i can just see him on the phones behind the scenes working the phones calling in the next move and so on. >> i mean, you never know. it's kind of a weird thing because, you know, it is a publicly traded company and everything, but you know, his daughter is co-ceo. his son-in-law is probably going to end up with a lot of power, you know, so his influence will be there. he is the largest shareholder in the company, largest stockholder. so it will be interesting to see if he remains on the board of directors, you know, that's another thing because that's the one thing that hasn't been addressed yet. but i think there will be influence there, but i also think it is the beginning of a new era in some ways. vince was going to have to step down at some point anyway, just with the age factor and everything like that. and if he stayed, it would be very -- what would the sponsors
providers. the china stuff. you were first with the karma here. i'm wondering if there's a resentment there's between you two over that issue. >> no. for me it's business. i have my dealings with elon. i worked for him. he's an incredible smart guy. he's done as we all know an incredible job in putting electrification on the map. this is only to do with as i said, i wouldn't be in a platform -- i don't see c the ceo of cnn talking to his followers on your program. so i don't want to sit on a platform owned by another automotive ceo. if he make it completely independent and he's a stockholder, that changes. for now, i choose other platforms. that's all there is to it. >> neil: there's others in the