And britains Lewis Hamilton takes the checkered flag for a record 8th time in hungary and grand prix the reigning World Champion is in ominous form as he goes top of the driver standings it was just 7 races like. A mommy and use of welcome to the show e. U. Leaders remain at odds over a proposed 750000000000 euro coronavirus Recovery Plan they are due to continue negotiations for a 3rd evening after having dinner together member countries are divided on how much of the money should be distributed as free grants and how much as loans that need to be repaid hard hit Southern States including italy and spain are seeking substantial aid payments but a group of socalled frugal northern nations favor. Loans more and more control over how the money is spent. The mood at the talks has been described as tense french president emanuel like holes that a deal was still possible but that it could not come at the cost of betraying you principles if you dont complete the willingness to compromise sho
A government controlled areas go to the polls the vote comes in the white of new International Sanctions and where protests against the assad regime within its own stronghold. And the u. A. E. Launches the arab worlds 1st mission to mars proclaims to provide the 1st complete picture of the red planets atmosphere. American held welcome europes leaders are still divided a proposed 750000000000 euro coronavirus rescue plan a summit in brussels with all 27 heads of state present has stretched into a 4th day and still theres no breakthrough a new states are split on how much money should be distributed as free grants and how much as loans that will have to be paid. Hit Southern States including italy and spain a sinking substantial payments but i could have socalled frugal know the night nations 5 as ones and more checks on how the money is to be spent. The day has been tense and there is little sign yet of any compromise i still cant say whether a solution will be found there is a lot of g
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
Usual bag of tricks that back in 2008 Global Financial crisis and remember that movie the big short and remember i was obvious that everything was going to blow up 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 they said 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
Are 12 years later and stated 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 collateralized loan obligation we have actually warned about this in the last few years a few times on the show nomi prins is often tweeting about this and saying this is going to be the big problem so here it comes again right the looming Bank Collapse not c