well, president obama has a new target and it s the democrats. and in a surprising move, our president is putting his foot down, regarding a proposed 50 billion dollar fund, a bailout fund for failing banks. how can the recent 180 be explained. here is discuss is chris wallace, anchor of fox news sunday, good morning, chris. good morning, guys. chris, earlier we were talking about people looking for tax breaks and we promised our viewers we wanted to see chris wallace in a mustache, take a look, i think we have one of your older photos. that s a good look for you! that s from college, chris. i look like geraldo rivera. the true story is, when i was a reporter at the boston globe right out of cluj, i grew a mustache and must say was not
i think they do because you still have not solved the problem. if you have a crisis and you have counter party risk, which is paul: creditors of a big institution.ç could ripple throughout institution. the test is, is there backstop? it creates a big fund which is going to be paul: the 50 billion dollar fun. this is just like deposit insurance mary where you tax the banks they pay a fee, deposit insurance fee and that will be so it won t have to go to taxpayers. what you want in the new system is something that raises the cost to creditors for not doing their homework. for not finding out what the institutions are dealing with.ç the more you put a backstop in place, paid by the taxpayer or some other paul: it will be used. then you have a feeling there s a safety net and i don t have to do my homework.
stayed by his guns. he s telling the democrats not to do it and i think it s because the republicans have been making this argument, well, if you have a 50 billion dollar fund in effect, what you re saying is the government is the lender of last resort and, you know, it allows or foments their argument that, that in fact, the guarantees more bailouts, but i have to say that the white house is pretty steady on this one, it s democrats who created this fund. does this put republicans in a tough spot? because it s now more difficult to oppose this legislation, isn t it? yeah, i do think, as opposed to health care reform by the end where i think the politics favored the republicans, and democrats were really going against public opinion in supporting an eventually passing health care reform, on this one, i think that it favors the democrats and you re going to be in a position, because this bill is going to come to the senate floor, where the democrats are going to be pushing, you know
hello, welcome to bbc news. the heads of the world health organization, the world trade organization, the international monetary fund and the world bank had a warning today for political leaders: there will be no broad recovery from this pandemic unless the global vaccination effort improves. the world has reached a perilous point, they said, and a 50 billion dollar investement is needed if we ever want to put covid behind us. without that, they say we are at risk of living with this pandemic for even longer than necessary. here s the who director general tedros adhanom ghebreyesus. so with public measures and vaccines, we have the means to end this pandemic quickly and save countless lives and livelihoods, but we need
where is the new york times on this? and i m just add it up. neil: meanwhile, when we come back, if you build it the jobs will come. that s what the white house is to say with a new 50 billion dollar plan for vacant and foreclosed homes and saying it will lead to a jobs boom. and some of the forbes gang saying more like up next, bigger airlines and planes a lot more angry passengers. king of the air to give travelers a royal headache. d] .allstate. really? i was afraid you d have some cut-rate policy. s nope, i ve got. [ voice of dennis ] the allstate value plan. it s their most affordable car insurance and you still get an allstate agent. i too have. [ voice of dennis ] allstate. [ normal voice ] same agent and everything. it s like we re connected. no we re not. yeah, we are. no, we re not. ask an allstate agent about the value plan. are you in good hands?