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
Cspan is your unfiltered view of government. Were funded be by these Television Companies and were including buckeye broadband. Buckeye broadband supports cspan as a Public Service along with these other television provers. Giving you a front row seat to democracy. Republican congressman Patrick Mchenry of north carolina, chair of the House Financial Services committee, spoke about the collapses of Silicon Valley bank and Signature Bank last year, two of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role of the Federal Reserve and federal Deposit Insurance Corporation Bank Regulation and Risk Management. Thisookings institution. Q3 david good morning, everybody, im director of financialhere a. 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
By a pilot wintering is it true that money is beautiful, we Pay Attention to their face value, forgetting that it is also a work of art. Today we are at the National Bank of the republic of belarus to lift the veil of secrecy in the process of developing and creating cash banknotes and to literally admire the money with you yuliya burlo. This is the fashion for culture. About money you can talk endlessly they are nice to look at, but more often we strive to own them money is one of the greatest inventions of mankind that influenced the development of civilization, as well as the most replicated item bearing the most Important Information about the country that produces them, the museum of money of the National Bank of the republic of belarus is a collection of unique exhibits reflecting the history of Financial Institutions and banking, the history of money circulation in belarus and the history of the team the National Bank fund of the museum of money has more than 53,000 museum items
Thank you very much for being here this morning. Obviously this is a big day. This is the day that the House Oversight and judiciary committees will hunter biden. We are deposing hunter witness in our investigation of president joe biden. R unerted substantial evidence of President Bidens and his familys corruption. The bidens created 20 shell companies, most of which were created when joe biden was vice presid and for anyone who doesnt understand what a Shell Company is im talking to the here, a Shell Company is a company with no assets known purpose. We determined the bidenshell companies. The bidens and their associated raked over 30 million from china, russia, ukraine romania and democrat donors. 10 members of the biden family, including joe biden, either participated or the family influenced peddling schemes. The biden Family Business . Thats been a big question of this whole investigation. What was the business . Biden family ass was the brand. President biden has repeatedly lied
Australia, counting down asias major market opens. Shery the top stories this hour. The u. S. Stock rally hitting a wall following hot jobs data. The s p 500 has its worst day since april, the vix of the most in five months. Haidi u. S. Companies added more jobs in july than expected. Inc. Of america reversing its outlook for a recession. Shery Brazil Central Bank cut its key rate by 50 basis points. U. S. Futures coming online in the asian session, Downside Pressure in the new york session, asher on u. S. Stocks and bonds. This on investors having to digest high job numbers and treasury debt issuance. The day after the Credit Rating downgrade of the u. S. This coming at a time when we continue to see the treasury selloff. We are talking about yields reaching new highs, the 10 year yield at the highest level since november. An upsurge in the yields earnings. It led to more momentum. It is still earnings season, 169 s p 500 Companies Reporting earnings. Qualcomm being the latest. The Do