Of the atlantic to germanys deutsche of bunk on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic Money Laundering all of arks terrorists how corrupt are the banks. To. Come up. Welcome to to the point its a pleasure to introduce our guests Daniel Drucker is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money then collect the fees. And its a pleasure to welcome our few carnatic to the program hes chief europe correspondent for politico and he believes this councils are just the latest indication that. Germanys Banking Sector is neither financially nor culturally sound. And great to have with us as well then to lead a fun creative she works for the british economist and she thinks justice do it was finally starting to recover the revelations related to its involvement in Money Laundering in the finance and files are a huge setbac
This hearing will come to order. Todays hearing is a hybrid format. And the hearing room has been configured to maintain the recommendedf foot social distancing between senators and other individuals in the room necessary to operate the hearing which we have kept to a minimum. For those joining remotely a few videoconferencing reminders. Once you start speaking there will be a slight delay before you are displayed on the screen. To minimize background noise please click the mute button until it is your speak or ask questions. If there is a Technology Issue we will move to the next senator until its resolved. I, again, remind all senators and witnesses that the 5minute clock still applies, and those of you remote should all have a box on your screen labeled clock that will show how much time is remaining. Well try to give you a gavel reminder when your time is almost expired. To simplify the speaking order process senator brown and i again have agreed to go by sen you arty for this hear
Absolutely that been over 200 people that were killed during several attacks it all started with the shah attack there were other attacks in november 25th gain against the musicor for example where about 100 more than 100 people died and obviously france is still on edge however the situation has changed i recently talked to a policeman who said you know now were not really looking into a big plots that are being organized but the police is rather wary of those lone wolves who could just you know commit attacks suicidal attacks suicide attacks of just attack people in the street just as what might have happened today here really and our correspondent in paris for us lisa louis on the story of police there saying at least 4 people have been wounded in a knife attack thank you so much lisa. And well continue of course you keep our eye on any developments in that story for now though well move on to some other news of the fridays for future climate protests are back on today for the 1st t
To give us a story of whats going on. Yesterday we saw a big selloff on the back of President Trump tweeting he will call off a lot of the stimulus talks. Mood focuses on tech giants and corrections we saw there, but they are also arriving in europe put together with bonds and investors digested the tweets from the president , but eurobonds climbing. Maybe there is a bat implicitly in the market that we get the extra monetary stimulus. Funds dody shows the deliver outperformance but they are not as quite not quite as smart as you think. Here is leighann gerrans. The European Central bank is signaling the need for extra monetary and fiscal stimulus. Saysdent Christine Lagarde her greatest fear is a cliff ise in which fiscal aid brought to soon. It could be prudent to add extra monetary support to sustainably lift inflation. The French Economy is set to stagnate in the last three months of the year as the certainty of certainty and risks of lockdowns. The nation pasta just agency rated i
Revenues for 2020 are 7. 7 higher than 2019 instead of using a heavy handed government putting long term restrictions on people, we decided to trust the people that they would be safe and secure and opened our economy if other states would like to see that type of economic recovery, maybe they should address the way they their states are being governed. I know the Federal Reserve is looking in ways of broadening the main Street Lending program, which i think we all realize need to be broadened theres some yaareas id like t see us take a look at and one of those industries that is interested in main Street Lending is specialized Consumer Finance firms which are nonbanks that purchase credit card receivables from card securing banks which enables consumers with sub prime credit to access a credit card which is some of the most vulnerable in our society right now. The ebitda rieequirements preve them from obtaining a loan would you consider modifying to allow the firms to access this prog