Nt is hosted by the brookings institution. David good morning, everybody im director of financial policy here at brookings. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023,. A year ago the Global Financial system sthiferred most significant banking stress the Global Financial crisis of 20072008. As you all probably know, Silicon Valley bank failed prompting the fdic take it over in the middle of the day couldnt even wait until the weekend, which is really unusual. Its tempting to see this as a oneoff event. Silicon valley was, for want of a better term, unusual. Almost all its deposits were uninsured, it was woefully unprepared for an increase in Interest Rates, but it was followed by what some have called the panic of 20 if thenature bank and First Republic and oversea credit suisse. To arrest what u. S. Authorities feared was a spreadin
Experience. Oh wow. That will do it. The weekend is here. Jeff, thank your for the nice weather. Bye bye. [ knknocking ] j jimmy hey,y, dorinda hey, jimmmmy jimmy i i just want t to k you so m much for fifilling in tonighght for higgggins. I apprececiate that. T. [ cheersrs and applalause its anan honor i cacannot wait. T. Jimimmy yourere gonna be e great. Yourere gonna be e awesome. Hey, jimmy. J jimmy yeahah makake it nice. E. [ lalaughter ] jimmy make it ninice youou got it, j jimmy [ laughterer ] [ hammerining nicece [ lalaughter ] i i really do o make it ninice [ cheersrs and applalause dorinda from studio 6b in Rockefeller Center in the heart of new york city, its the tonight show starring jimmy fallon. Totonight, joioin jimmy and his guguests Ariana Debose, dorindnda medley magician dan white and featuring the legendary roots crew questlove 1682 dorinda and now, heres your host, jimmy fallon [ cheers and applause [ cheers and applause jimmy oh, wow. That feels good. [ cheers and
Shes so grateful for having that opportunity to do that. Really happy for her. How wonderful for her. So we enjoy the weekend, right . A little heat. Way, way inland. That will do it for us. Have a great weekend. Bye [ cheersrs and applalause steve frfrom studio o 6b rockefeleller centerer in the h of new york city, its the tonight show starring jimmy fallon. Tonight, join jimmy and his guests Mark Wahlberg, billy porterer mumusical guesest ajr, and featuring the legendary roots crew questlove 1690 steve and now, here he is, jimmy fallon [ cheers and applause [ cheers and applause jimmy oh please welcome, everybody welcome, welcome, welcome to the tonight show, everyone youre here. You made it. Thank you. Thank you for watching at home [ cheers and applause i appreciate it. Well, guys, some big Business News today, jetblue announced they reached a deal to buy Spirit Airlines steve oh jimmy yes. Jetblue and spirit its the perfect marriage between broken tvs and broken planes its unbelie
morning continues right now. done. my nephew is alive. yes healing. it is not the story that that individual intended for us to tell you that right? there is a lot of hate. yeah right. here is a lot of love. love versus hate . disappoint they were making good morning, everyone. we re so glad you re here. caitlin is off protests and outrage in kansas city after a homeowner shot a black teenager. police say the team went to the wrong house by mistake when he was just trying to pick up his younger brothers to talk to you about the fox news to many in trial, it is delayed. there s new reporting. the network is trying to settle out of court with dominion voting systems. we re live outside the courthouse for you. brand new cnn reporting this morning. we re learning supreme court justice clarence thomas is going to make some changes to his financial disclosure forms after a real estate deal with the gop mega donor came to light this morning calls for justice across the country after
and the rise of china. and, climate advocates bless the president for approving a huge drilling project in alaska. we will sit down democratic senator chris van hollen let what it says about progressive s wish list ahead of 2024. plus, the bite administration says the worst is over, after a high-profile bank failure spoils markets appear. our banking system is sound. but while makers, business leaders and consumers are still bracing ahead of a fed interest rate decision just days away. we will bring in mohamed el-erian one of the world s most respected investors on what this means for your economy and your money. then, former president donald trump says he expects to be arrested in manhattan on tuesday per bless the sunday panel of the looming charges could up and the 2024 campaign all right now on fox news sunday . gate hello from doctors in washington. global powers are flexing this week russian president putin is prepared to welcome his chinese counterpart judging p