In service to others in our country. All of us have a role to play in our nations response to the pandemic. At the Federal Reserve we remain committed to using our tools to do what we can for as long as it takes to provide some relief and stability and ensure that recovery will be a strong as possible and to limit lasting damage to the economy. In recent months Economic Activity picked up as the economy began to reopen. Many businesses open their doors and factories restarted production more people of their home to engage in various activities. As a result Household Spending looks to have recovered half of the earlier decline although air travel and hotel has shown much less of a pickup. The recovery and Household Spending owes to federal stimulus payments and expanded Unemployment Benefits that provided substantial and timely support to household income. In contrast the indicators of fixed investment have yet to show the recovery. Even with the improved economic news, overall activity
And the others and what we want people running thats thats hundreds of 1000000. 00 so far just this year yes didnt want to yes and so then you know once the pandemic hit churches had to close down and so the Catholic Church sent its lobbyists to washington d. C. Something that i didnt even know they had or that they needed but the Catholic Church puts their army of lobbyists millions of dollars worth since im to d. C. Before the 1st relief package gets passed and they said make sure we can get some of this money everybody knew lots of money was coming Catholic Church wanted it because they needed it as you said because they had to pay off all of these assault and continue to pay right so basically taxpayers gave them money to pay off their assault cases from these from these d bishops and such that are still in the business either still doing business what was a pope for pope francis says to to to whatever he says listen you just need to go in for 20 years you need to make amends with
Fund set up by congress and so did the Catholic Church and theres plenty of corruption to go around and were going to talk about of get fair and cousins from the trial lawyer magazine fare and i suppose the most agonizing thing about this to me with the Catholic Church taking in more than 3000000000. 00 ok more than 3000000000. 00 is because they brought it on themselves with that if they if theres another abuse scandal you know its never surprise you hear about it every day and i think theyve paid someone godley im almost 600 i mean the numbers are stuck 600000000. 00 and just in payoffs to people who have been victims of abuse and the others and what we want people running thats thats hundreds of 1000000. 00 so far just this year yes didnt want to yes and so then you know once the pandemic hit churches had to close down and so the Catholic Church sent its lobbyists to washington d. C. Something that. I didnt even know they had or that they needed but the Catholic Church puts their ar
Blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and stacey and it continues to happen the last time in the 2007 to 2008 financial crisis we had cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global Financial system collapsed and lo and behold our Central Banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasnt even happened yet this is what this article is warning about and its from Frank Portnoy who used to was working at Morgan Stanley at the time of the 2008 financial crisis and hes kind of warning that is going to happen this time but the new c. D. O. Is called the c l o the colla
And remember how the wall street people were you know conspiring and then it all blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and stacey and it continues to happen the last time in the 2007 to 2008 financial crisis we had a cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global Financial system collapsed and lo and behold our Central Banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasnt even happened yet this is what this article is warning about and its from Frank Portnoy who used to was working at Morgan Stanley at the time of the 2008 financial crisis and hes kind of warning t