That 18 out. To see fascinating is the two different debates find, but then have it coalesce into a Running Stream on different websites and different media, including bloomberg. It was amazing. It was something completely modern and completely different. Like a european debate, tom, is how i would maybe describe it. You got a lot more policy than in the last debate. And possible shifting in some minds. Get to first word news with ritika gupta. Ritika President Trump and joe biden were on tv last night at the same time but on different channels. They held competing televised town halls. Instead of debating as the schedule had originally called for. At nbc, the president said he knew the coronavirus was a huge danger. Pres. Trump i knew it was a big threat. At the same time, i dont want to panic this country. I dont want to come out and say everybodys going to die. Ritika in a town hall monitor rated moderated by george stephanopoulos, biden was asked if he would take a vaccine once it
Was available last year, the result might have been very different. How are you feeling . Delighted. Last week, two former Barclays Traders, ryan reich and stella yost, walked free from court, cleared of Conspiracy To Defraud by reading Interest Rates. It was the end of a long battle to clear their names reading. Im very happy. This has been fired and a half years of my life and i just want to go been fired and a half years of my life and ijust want to go back been fired and a half years of my life and i just want to go back to my family. Thats it. Thank you very much. Sometimes i look at it and i think im ina sometimes i look at it and i think im in a bad movie. Itsjust something completely. If you had told me this ten years ago i would have said youre mad. It has destroyed big parts of my life, my career, totally gone. Im sad people are injailwhen career, totally gone. Im sad people are injail when they career, totally gone. Im sad people are in jail when they shouldnt be. Thats my o
There are calls for an enquiry into whether parliament was misled. That is shocking. We need an immediate enquiry to look into exactly who knew what when. Last week, two Barclays Bankers walked free from court. How are you feeling . Delighted. But what about the bankers accused of conspiring with them whove been jailed . Barclays just threw us to the wolves. They get off with their fine while we rot in jail. We ask, should they have been prosecuted 7 you know, its my opinion that if this was available last year, the result might have been very different. How are you feeling . Delighted. Last week, two former Barclays Traders, ryan reich and Stylianos Contogoulas, walked free from court, cleared of Conspiracy To Defraud by rigging Interest Rates. It was the end of a long battle to clear their names. Im very happy obviously. This has been 5. 5 years of my life and ijust want to go back to my family. Thats it. Thank you very much. Thank you. Sometimes i look at it and i think im in a bad
Program might be used to or result in some way a crowding out of a significant portion of the economy shortterm private credit liability. And then it goes on to consider this is where i got into trouble. Such a Development Might conflict with the fifth Monetary Policy octave i got confused i will tell you i was on an amtrak south of washington behind a Freight Train when i read that section. That had something to do with it. But ting that section and one or two others could have been simplified a little bit and then clarified. I probably said enough by now to signal my high regard for this book, i can do it. I can do it. [laughter] but in closing let me salute that the very strength of the book for me actually highlights if the fed and the fdsc needs strong and essentially discretionary Emergency Powers to prevent or confront o runs how do we reck are sile such powers with legitimacy requirements of a democratic society. This is a Critical Condition in today political environment with
Reduce the likelihood of another crisis and its severity if it occurs may prove beneficial, although i argue with some of the details but the book argues persuasively that none of these reforms individually or collectively are sufficient to stop one once it starts, there is another point i need to make on a personal note. Many years, the richmond fed has warned of the dangers of fed policies or actions involving credit allocation. My colleague and a good friend refers to credit policy is distinct from Monetary Policy. I share this concern and have to confess i have generally thought about it in a macro Monetary Policy rather than the context of the letter of last resort. Scotts book challenges me by demonstrating the financial crisis is an oldfashioned run forcing me to ask if it would be feasible dealing with a future crisis to involve some credit policy risk. That has me asking fundamental questions. I feel compelled to offer i found the reasoning in a few sections on the 10 side. On