security mortgage-backed securities, they had lost market value. all right and we are on the same page on that, then i appreciate that. yellen also testified that not raising the debt ceiling later this year would be devastating to the banking sector joining us now to help break this down business and policy reporter for the new york times lauren hersh. great to see you again busy day in the banking world yesterday. tell us where things ended up as the dust settles. it was a crazy 24 hours covering it and i think for basically everyone involved. the whole thing was put together in about 48 hours. jamie dimon the ceo of jpmorgan was down in d.c. for work anyway this week, you had the treasury, fdic and fed all working together to create this public/private partnership we haven t seen in decades in terms of coming together for the banks. as of 24 hours ago they didn t even have enough money to put in as much as they want
ceo of jpmorgan. it was the culmination of meetings with the treasury secretaries and the leaders of these major banks, coming at a time when the administration is trying to instill confidence in the u.s. banking system. that s also what we heard from janet yellen as she testified on capitol hill. our banking system is sound and that americans can feel confident their deposits will be there when they need them. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong. wolf, what you hear there from secretary yellen combined with this private sector rescue package for this ban that the u.s. government helped to coordinate is what is driving this administration s response, trying to reinstill confidence in the u.s. financial system at a time of volatility and trying to make clear the path forward is going to be a lot smoother because of some of the actions the u.s. and private sector have
that moderates that a voice that incites, i truly believe, president elect biden can be that voice of reason. the marketplace is encouraged by having a leader now that is more inclusive, a leader that could probably bring a little more global harmony. okay, how s that marketplace looking for an allegory or do you call this global harmony? yes, biden and his economic team of nerds and dimwits were propped up by big time by wall street. even the supposed reasonable democrat like jamie dimon, the ceo of jpmorgan, he got in on the act back in october of 2020. he took great comfort in the fact that biden is from delaware, which he described as a pro-business state, adding that i m hopeful joe biden has been around the block. he knows a lot of people. he s a compromiser, a unifier, in a good way by nature. well, what s jamie saying
0 all right. unfortunately, that is all the time we have left this evening. as always, thank you forpossible joining us and making this show possible. we hope you ll set your dvr so fou never, ever, ever miss an episode of hannity. and don t forget for news any time, all the time, fox news, .com, hannity, .com. in the meantime, let not your heart be troubled. laura ingraham. the ingram angle is next. oh wait. i told you to meet you told me to wear yellow . you told me last night i have the tape. you switched it. i say an email. i sent you an email about an hour ago. oh wait. you re on the air. i have not email account in five years. what do you. i do know that for i do know that for a fact the facts get very depressing after a while. by the way, the bounce back message uses like their old aol account in the nineties, like i could just abandon it, then somebody will grab it and then some old friend will write a letter five years later, you know, well, next time. well, i love dr. phil,
think about it. there is no plan to deal with if the existential threat of our country and our world s co2, there s not a single plan but they re going to spend $300 billion building charging stations and government hasn t decided on a single charging method. tesla has a different one than general motors has. it s insane. laura: david, i want to play this exchange between rashida tlaib, squad member, and jamie dimon, ceo of jpmorgan. capitol hill. please answer with a simple yes or no. does your bank have a policy against funding new oil and gas products? absolutely not. that would be the road to hell for america. laura: that s a good line. jpmorgan is a member of that u.n. backed net zero banking alliance. if he thinks that this is nuts why not withdraw from that?