Banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk and uncertainty in the market there were rumors going around that your partner banks were insolvent so when you hear Something Like that as a bank thats a huge risk you dont want to lend to an insolvent partner so when you see a risky client you want to charge them 5 percent 10 percent. Tiene pe
Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk
William . Harris, ive actually heard immigrant groups complaining that the Border Patrol holds someone for more than 72 hours were ice more than 20 hours, because by law they are supposed to be released. I will show you some video about how smugglers are taking advantage of current loopholes in u. S. Law and doing it profitably. This as, sunday, multiple busloads arrived from guatemala mexico border heard by the cartels. After three days on the road, one by one, men, women, and children sprinted to a precut hole, ducking underneath. They dont run from agents. They line up late grade school to be apprehended, knowing their freedom is likely just a few days away, maximum three weeks. They are not alone. From texas to california the Border Patrol is seeing large busloads of migrants arriving. We are on the arizona Mexican Border near yuma. That is highly 2 in mexico. Its like a major interstate. Under the new smuggling model, they are paying 7,000 for three day trip by charter line bus. T
Discussing either of those things especially with a man at least nominally in charge of them raises questions about whether the president was trying to gabe influence unlawfully. Last month whitaker refused to discuss what the president said to him but he did address one very specific question. Did the president lash out at you after Michael Cohens guilty plea for lying to congress about a Trump Organization project to build a tower in moscow . The president specifically tweeted that he had not lashed out. Im asking you, mr. Whitaker, did the president lash out at you. Im not asking what he treated. I dont have confidence in the veracity of the tweet. Congressman, that is based on unsub sh unsubstantiated. Yes or no. Did he lash out to you about the guilty plea. No, he did not. But President Trump did not lash out at him but the real question is what did the president say and that is what tonights new reporting could shed light on. I say could because it is in question. Cnn justice cor
This president s future. Theyre coming, whether theyre after his presidency or during it. Its sort of interesting that a man out of the blue just writes a report. Its sort of an amazing thing that when you have a great victory, somebody comes in, does their report out of nowhere. The fact there have been no leaks, that we have no idea, it could be today, it could be a year from now, i think shows that donald trump is getting the due process that he wouldnt give to anyone else but every defendant in america is entitled to. Less than a week after that deadly shooting massacre at two mosques in new zealand, that nations Prime Minister has Just Announced plans to ban nearly all military style semiautomatic and assault rifles. I want to remind that it is a privilege and not a right to own a firearm in new zealand. You cannot control people. You got to control the law. As the 2020 field heats up, theres a democratic duo that would jump into the race. According to axios, joe bidens a advisers