To a safe and sound operation in the early 90s when Interest Rates were 13 or 14 for home mortgage. You had states which prohibited the enforcement of clauses. 30 year mortgages, thinking they would have an average life of seven years. Funded by shortterm deposits. Loansrohibited those under Consumer Protection, transformed those loans into 30 beingow yielding assets funded by highcost deposits. This is one example i have. Many examples where you have state laws designed to protect consumers in particular states without the strong ability to have Natural National laws that are necessary to protect National Banks. It is critical to the National Banking act. You. You have each listen to one anothers remarks, what did you agree with and what did you disagree with . I would be glad to take a stab at that. I agreed with everything he said. Banks are special and they serve a unique function. Transferring longterm assets into shortterm liabilities, which is critical to our system. Reference t
This is bbc news, im clive myrie. Well be bringing you todays downing street News Conference shortly, with the latest on the battle against coronavirus, but first our top stories. The number of people who have died a leading government scientific adviser says the outbreak in britain may be the worst in the region. The uk is likely to be certainly one of the worst, if not the worst affected country in europe. The british Prime Minister, borisjohnson, leaves hospital to continue his recovery a week after he was admitted, following his testing positive for coronavirus. I have today left hospital after a week in which the nhs has saved my life. No question. No question. Spains daily death toll from the coronavirus rises by 619,
having fallen for three days in a row. The us overtakes italy to have the highest death toll from coronavirus in the world more than 20,000 people have now died. In his easter message, pope francis has delivered a prayer for those affected by the pandemic that has k
Twitter accounts affected included president obama, joe biden, elon musk, kim kardashian, kanye west and bill gates. Twitter said it was aware of a security incident impacting accounts and were investigating it. The body of tech ceo and entrepreneur fahim saleh was found apparently decapitated and dismembered in a flat in new york. Mr saleh was the founder of bangladesh based pathao and nigerian motorbike sharing startup gokada. Mit csail team demonstrated a robotic gripper with soft, sensistive fingers handling cables with dexterity. The team anticipates future applications could include surgical stitches and tying knots. Finally, another robot companion made its debut this week. Meet stretch rel designed by an ex google employee, the 23 kilo robot can help with housework and even play with the dog. Stretch is the first machine released by hello robot. Now i dont know about you, but as Face Coverings are becoming a normal part of life, i have struggled to find one that fits and stays
The number of global coronavirus cases has seen a record single day increase. The World Health Organisation says nearly 260,000 new cases have been recorded in 2a hours. In brazil and the us where lockdown measures have not been enforced strictly theres no sign of the curve being flattened. The Russian Ambassador to the uk has rejected allegations that his countrys Intelligence Services interfered in british politics, or tried to steal vaccine research. The denial comes days before a report into allegations of wider russian interference in uk democracy is due to be published. Us president s and foreign leaders have joined the tributes to civil rights icon john lewis, who has died of pancreatic cancer at the age of 80. Lewis was one of the big six civil rights leaders, which included Martin Luther king jr. Now on bbc news, its time for click. This week cleaning up the social network. Getting your mask on. And. Breaking bad with giancarlo esposito. Hey, welcome to click and wear a mask.
Died at the age of 80. The former congressman was one of the last survivors among members of dr Martin Luther king jrs inner circle. The un secretary general, antonio guterres, has strongly criticised the worlds biggest powers for failing to Work Together to tackle the coronavirus crisis. He said the relationship between the us, china and russia had never been so dysfunctional. Eu leaders meeting in brussels are struggling to find agreement on an economic recovery package to repair the damage done by the coronavirus. France and germany want two thirds of the package to be in the form of grants, not loans, but some countries object. The indian film star, Aishwarya Rai bachchan, and her daughter havejoined other family members in a mumbai hospital, where they are all being treated for covid 19. Now on bbc news, time for click. This week cleaning up the social network. Getting your mask on. And. Breaking bad with giancarlo esposito. Hey, welcome to click, and wear a mask. Thats the advice