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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 negot ....
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 ....