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
Property, everything inside is mine, no, mine, dont make me angry, otherwise ill stuff you into this damn table, i got it, i wont fit in it, youll fit in , youll fit in parts, i got it , okay, okay, i realized where the money is, in the Bank Safe Deposit box, listen, asshole, there are stolen money in your safe deposit box, the cops will be happy, i didnt. Knew, i had nothing to do with it, you know, my friend in uniform liked to say , ignorance of the law does not exempt you from responsibility, come here, come, you got it, bro, you will return everything, you will also ask for a table, pick it up in addition, its time for us to go there. I say, quietly, quietly, quietly, i have only one question for you, by what means did you process the money, how do you even know about the poison, no one knew about the grandmothers, and even more so about the poison . Because people were poisoned, and there was no point in groping someone elses junk, but after all, how do i know, he bought some chi
the. i am ari melber. i will be joining you now for the next two hours of a special holiday edition of the bee tonight on this friday december 29th. donald trump s criminal trial several looming in 24. that s where we begin tonight, and we ll do it a little different tonight here for the holidays. i have former federal prosecutor joyce vance, already with me to start the show. we are looking at this legal heat coming up. i want to get into this with the, joyce, but first show you and every something we put together to consider the historic indictments on the road that donald trump has already been on. donald trump has been indicted under seal of the new york grand jury. 34 felony counts of falsified business records. we have one set of laws in the country that we apply to everyone. this will now be months if not the next year of our lives. the former president was placed under arrest on charges brought by the government he once led. the guy running for president
it s been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein we ll assess the legacy. and valencia s streets come to life for a five day festival celebrating the spanish city s culture history and people. switzerland s biggest bank, ubs, has agreed to take over its troubled rival, credit swiss. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. here s the swiss president speaking at a press conference. on friday, the liquidity outflows and market volatility showed it was no longer possible to restore the necessary confidence, and that the swift and stabilising solution was absolutely necessary. this solution is a takeov
tightened too much. indeed, suggests that we still have work to do. if you ever find an airline pilot said it worked with the federal reserve, get off that aircraft. the 16th largest u.s. bank chanced today and took a nervous stock market with it. the latest talk is that this might pause the federal reserve in this latest interest rate hike cycle. the betting seems to be when they gather next week, maybe no rate hike, period. neil: one year, can you believe it? a year ago today it all started. eight interest rate hikes later, the federal reserve must decide whether next week it should make it a ninth. even as credit swiss is receiving a $54 billion life line to keep it going. news hoff a $30 billion rescue for a bank, first republic. that helped stocks rebound. we re tracking it all, this incrediblier and where we stand now from main street to wall street, from the federal reserve to capitol hill to the white house as well. with rich and robert on what could be the ne