Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And
Discuss venezuelas economic crisis the country is on the brink of defaulting on its debts with many saying its not a case of if but rather when the Government Debt currently amounts to one hundred fifty billion dollars then as well as one of the Worlds Largest exporters of oil but plummeting prices and mismanagement have crippled the country. But bank note that symbolizes the magnitude of venezuelas economic crisis earlier this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars thank you year ago the one hundred bolivar bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknotes Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports the countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals
A case of if but rather when the Government Debt currently amounts to one hundred fifty billion dollars then as well as one of the Worlds Largest exporters of oil the plummeting prices and mismanagement have crippled the country. But bank note that symbolizes the magnitude of venezuelas economic crisis earlier this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars. A year ago the one hundred bolivar bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknotes Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports the countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals for restructuring it. I dont think i dont tell the investors of the world the holders of venezuelan debt i have the moral
Its debts with many saying its not a case of if but rather when the Government Debt currently amounts to one hundred fifty billion dollars and as well as one of the Worlds Largest exporters of oil the plummeting prices and mismanagement have crippled the country. Banknote that symbolizes the magnitude of venezuelas economic crisis earlier this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars only a year ago the one hundred dollars bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknotes Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports. The countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals for restructuring it. Out of him but only for the investors of the world the holders of
Its debt with many saying its not a case of if but rather when the Government Debt currently amounts to one hundred fifty billion dollars and as well as one of the Worlds Largest exporters of oil but plummeting prices and mismanagement have crippled the country. Thank you note that symbolizes the magnitude of venezuelas economic crisis really early this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars only a year ago the one hundred dollars bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknotes Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports. The countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals for restructuring it. Out of him but only for the investors of the world the h