Were back together now with the latest 1st its the kaiser reports. Hey you know back in 2008 when the had the Global Financial crisis and banks went under of Lehman Brothers bear stearns and some European Banks are going to go under that all of meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020 times bigger at the time we said you know it in 10 to 12 years so if theres going to happen but a lot bigger well here we are 12 years later and the states are just as you said. Its all unraveling again especially with European Banks because they are not the center of the empire they are not rome they are outside so they must suffer but before we get to that fin send story about the European Banks i want to say once again we find toilet paper roll is a precious commodity as lockdowns began apparently there are rush mad rush on toilet paper all over the western world and were seeing shortages of toilet paper again that was also somethin
A negative Interest Rate environment that is toxic for banks so the stocks 600. 00 banks and x. Which covers major European Banks slumped 5. 7 percent on monday to close at 81. 00 just a smidgen above the mall 5 decade low of 79 set in march the last time before march that the index was below todays level was february of 1988 during the selloff that followed black monday in october 1987 when it also slumped as low as 79. 00 the index has collapsed by 85 percent since its peak and may 2007 after having quadrupled over the preceding 12 years its looking bad right i mean once again and the connections in 1907 black monday the crash of that here is very important because the solution then was to extend Bank Credit Facilities thats how. Greenspan Ronald Reagan and robert rubin the plunge Protection Team or the working group on finance the president S Working Group on finance decided that they would solve this problem by not punishing or reforming but expanding the credit line of these banks
Street com they say hit from all sides European Bank stocks swoon to 1988 low leaks about Money Laundering a resurgent pandemic china risks exposure to turkeys financial crisis all in a negative Interest Rate environment that is toxic for banks so the stocks 600. 00 banks and x. Which covers major European Banks slumped 5. 7 percent on monday to close at 81. 00 just a smidgen above the mall 5 decade low of 79. 00 set in march the last time before march that the index was below todays level was february of 1988 during the sell off that followed black monday in october 1907 when it also slumped as low as 79. 00 the index has collapsed by 85 percent since its peak and may 2007 after having quadrupled over the preceding 12 years its looking bad right. I mean 1988 and the connections in 1907 black monday the crash of that year its very important and because the solution then was to extend Bank Credit Facilities thats how Alan Greenspan Ronald Reagan and robert rubin the plunge Protection Te
during a school much shooting. it was part of testimony presented of the u. s congressional hearing 19 children and 2 teachers were shot dead at the school in a valley, texas. last month. he shot brain knows them to me, and i thought you didn t come back to room for good blood heavy. i mean, what did you guys, can you put the longer? so you see, i got my teachers follow incognito needs longer. whoa. whoa, whoa, whoa. and she s sitting in a classroom. and in the hours after that testimony, the house of representatives voted in favor restricting the purchase of semi automatic weapons to people aged $21.00 and over. they also want to ban the sale of some ammunition magazines with a capacity of more than 15 rounds. but the measures have little or no hope of becoming law as they won t overcome opposition in the senate. the summit of the americas is underway in los angeles. u. s. president jo biden s hoping to make progress on curbing high levels of migration. but a boycott by seve
shootings and the parents of victims. all of them calling for gun control reform. it s been convened to consider the need for further legislation, including a ban on assault weapons and tougher background checks. mike, hannah is in washington at that. hearing that i we heard victims giving tangible suggestions to improve gun legislation to increase the age at which a person can buy a weapon from 18 to 21 to ban assault rifles to ban high capacity magazines. these sentiments echoed by democratic members of the committee. however, from the republican side, we heard a virtual rejection of such methods as what they described as an assault on the 2nd article of the constitution, the right to bear arms from those republicans. the suggestions were along the lines of fortifying schools all mean teachers. russia s foreign minister has guaranteed the safety of grain shipments from ukraine if keith removes naval mines from the black sea. so gay lover offers in ankara for talks. turkey i