[indistinct conversations] good afternoon, everyone. Thank you for coming. My name is ben harris, and as of this very morning, i am the Vice President and director for economic studies of the Brookings Institution. It is a true privilege and honor to have the opportunity to again be joined at this famed institution. There are many reasons why i found a return to brookings appealing, but a major motivation is events like the ones we are hosting today. Fdic chair marty gruenberg, who will be introduced by aaron klein and moments, was one of the key officials to help mitigate the fallouts if the Silicon Valley bank and Signature Bank failures early this year. We are very lucky to happen with us today. I suspect that this afternoons event must feel like a bit of a victory lap to the fdic chair given in 2019 he sadness very real and ward in great detail about the risk of failure by a large Regional Bank. His remarks, which are required reading for anyone trying to understand the issue, he w
A little easier to do yours. Sparklight supports cspan as a public service, along with these other Television Providers, giving you front row seat to democracy. Now the chairman of the federal deposit insurance corporation, Martin Gruenberg talks about the regulation of large regional Financial Institutions in the wake of the Silicon Valley and Signature Bank collapses. From the bookings Brookings Institution, this is just over an hour. [indistinct conversations] good afternoon, everyone. Thank you for coming. My name is ben harris, and as of this very morning, i am the Vice President and director for economic studies of the Brookings Institution. It is a true privilege and honor to have the opportunity to again be joined at this famed institution. There are many reasons why i found a return to brookings appealing, but a major motivation is events like the ones we are hosting today. Fdic chair marty gruenberg, who will be introduced by aaron klein and moments, was one of the key offici
Has done just that he joins us live in just a few minutes from now to tell us what he will say, what he thanks the nation needs and that ron desantis and Rhonda Desantis andblasting hims reaction. He is here al live in just a few moments. First hilary is moving north historical Tropical Storm expected to slam to Southern California just hours from now. Within 48 Million People in its path gearing up for what could be massive flooding of the southwest and the southland unprecedented for the west coast. Hello welcome to Fox News Live everyone i am eric shawn. Hi arthel. Arthel hello eric hello everyone i am arthel neville. The National Hurricane center just downloaded hilary to a Tropical Storm. It is already blamed for at least one death and mexico. As far inland as a las vegas. Hilary could still dump more than a years worth of rain in some areas of the next day or so. Forecasters warning of catastrophic lifethreatening floods, dangerous mudslides, Power Outages or possibly even tornad
Fox Weather Center and chief correspondent Jonathan Hunt in santa monica, but start off with you jonathan. Good morning from santa monica we are getting light rain in a stiff breeze, thats about it but it is going to get a lot worse according to officials not just on the coast but most particularly in land from here east and north of l. A. In the high desert communities, officials are warning people to get prepared and that is exactly what is been happening from san diego near the border with mexico all the way north to Santa Barbara and well into the desert east of l. A. , palm springs for instance expected to be badly hit by Flash Flooding, the message from officials across the board included the mayor of l. A. Is be prepared and be safe, listen here. Our message today is clear, stay safe, stay home and stay informed, this is an unprecedented Weather Event but los angeles has deep experience responding to crisis whether it be wildfire or earthquakes, the city is are prepared. Overnig
Testify on the stability of the Financial System. You are watching live coverage, here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in our Community Clean it up. That is what fiascoes boil down to. It leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Manage