As the economist magazine calls have been ignored or obliterated everything having to do with a sound society is being ignored to get a member to a higher level and its getting to a higher level but at what cost the cost is going to be catastrophic were going to go over some of the cost in the next headline but in fact i want to say you know 1. 00 thing kaiser reporters always said in particular this guy named max kaiser on kaiser he says that the bankers always commit these crimes and then change the law so after the financial crash remember chris dodd before he was paid off by hollywood and got to run the m. P. A. Chris dodd and barney frank did the dodd frank act well here we have the fed using the dodd frank act which was supposed to help the citizens of america and give them some sort of transparency from ever being on the hook for another 4. 18151617181000. 00 trillion dollars for bailing out the banks well hes using the new york fed as using that as an excuse why they dont actua
Im max kaiser this is the kaiser report yes there is one number only one number we must get to that number is to the greatest number ever invented by humankind were going to get to that number is better than the living is better than mars living its the s. And p. 500 number stacy we continue to go up and down up and down theres a lot of hope a lot of euphoria and a lot of tension about the trade deal with china but before that were going to look at the underlying cause of the latest hyper inflationary move in the stock markets and thats been the fed the fed of course is essentially the cause of the entire rise in the stock market since 20072008 the financial crisis theyve been pouring trillions of dollars into their bodies on wall street and thats one of their buddies i was a really happy for me thats the opening bell out there so fed will not disclose which banks are receiving repo cash for at least 2 years this is our friends i gat the Gold Antitrust Action Committee out there in con
Im going to provide a summary of our report to supervisor fewer on options of community banking. At the moment though, the slides are not appearing. I wonder if i might get assistance. Do you have a printed copy . I do and actually here we go. We can do it the oldfashioned way. Here we go. Thank you. My apologies for the delay. This was the report that we issued in december to supervisor fewer. It was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. What weve done is provided an outline of the steps. There is obviously many more questions that would be need to be resolved to pursue that. So ill just start briefly with options for the city. There are commercial banks, thats what were using now. Theyre for Profit Institutions and theyre organized to provide a return to their private investors. Thats their primarily goal to maximize th
Im going to provide a summary of our report to supervisor fewer on options of community banking. At the moment though, the slides are not appearing. I wonder if i might get assistance. Do you have a printed copy . I do and actually here we go. We can do it the oldfashioned way. Here we go. Thank you. My apologies for the delay. This was the report that we issued in december to supervisor fewer. It was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. What weve done is provided an outline of the steps. There is obviously many more questions that would be need to be resolved to pursue that. So ill just start briefly with options for the city. There are commercial banks, thats what were using now. Theyre for Profit Institutions and theyre organized to provide a return to their private investors. Thats their primarily goal to maximize th
One of the programs i was charged with was the city i. D. Program and when that was passed in 2008 and launched in 2009, one of the benefits of the city i. D. Program was so that someone could get a government issued i. D. And use that as a primary source of identification to open an account. Unfortunately, that hasnt happened. Its something i think we need to take a look at when youre looking at a municipal bank, to fold in the city i. D. Program because its a vital to the residents of San Francisco. I want to make sure thats not overlooked. Thank you for bringing that to our attention. They can support our residents that are not comfortable given the circumstances we have right now. So, yes, thank you. Supervisor cohen supervisor fewer. Supervisor fewer so thank you, id like to introduce fred brousseau. He works closely with my office as he and the staff worked on the update to the 2011 banking report. Im going to provide a summary of our report to supervisor fewer on options of comm