Give us a call. Republicans can phone in on a very good thursday morning to you after 166 days, Loretta Lynch getting a confirmation vote on the floor of the senate today. Here is how it will take place. 9 30 this morning. The senate will join its session after a leader remarked. The debate will begin on the confirmation of Loretta Lynch. A two hour debate is expected around 11 45. Motion to invoke cloture will be held. If it is invoked, there will be two hours of closed debate and the confirmation vote could come as early as 2 00 p. M. This afternoon for both the final vote and the cloture motion. Loretta lynch would only require a simple majority of those votin g to vote for her. Due to the Nuclear Option that was invented 2013 by democrats on president ial nominees. That nomination revoked after republicans took over the senate chamber. That is the process that will happen today on the Loretta Lynch confirmation vote. Our phone lines are open. Here is a story about the lynchburg. Th
Today at its lows. Look at the intraday movement. Down more than 200 points this morning. Then back. Volatility, kel, we talked about it yesterday, is back and back in a big way. Thats right. The vix above 17. Thats one gauge of whats happening. Plenty of people are going to be trying to figure out whether whats happened in january stays in january or means anything for the rest of the year. How about the nasdaq . The nasdaq actually a short time ago went positive. Yes. And it was down 1. 5 . It was an ugly trading session to start things off. Overnight we had again, some movements on emerging market currencies. A lot of focus on the yen. Its the new year in china, so that concern has gone away for the time being, but at 8 00 p. M. Tonight, just a couple hours, well get more data, an update on how the worlds second biggest economy is doing. An hour to go in the month and literally anything can happen in that time. Joining us diane garnic steve east chris burtleson, rob morgan from fulc
Affordable internet so homework can be just homework. Cox, connect to compete. Cox, along with these other television providers, giving a frontrow seat to democracy. Next, testimony on oversight of the Banking System and the cryptocurrency market held in the wake of the recent collapse of the krips exchange f. T. X. Other topics include the impact of the economy on Banking Systems, lending in rural, native, and minority communities, and banking reform. This is two hours and 10 minutes. Senator brown the Senate Committee on banking, housing, urban affairs will come to order. Welcome to the witnesses and committee members. We know that most americans want the same things, a safe, affordable place to call home a good paying job. A strong stable government which they can trust. Our Democratic Institutions are only as strong as the people who empower them. Our economy works best when we have a free and fair democracy in which everyone can live lives with dignity for too long. Many of these
Four resolution authorities in four different leading countries to isda, International Wall dealer association. Changing master agreements to facilitate bank resolution. When they realize if any one of them, fdic, the bank of england, bofa in germany or swiss authorities were to try to resolve one of the their major banks, under the isda master agreement, all of the foreign counter parties to swap agreements which number as you know in the trillions, would be able to immediately close out their contracts, net it and run. They are not constrained in the way others are by a stay. Secondly, they are concerned that if the u. S. Were to put a major bank in resolution and shift it to a bridge bank which is what title ii permits, this bank should be very healthy but a change in control under the isda master agreement would give opportunity for the counterparty declare a default and try to act. It would also be true if they exercised a default across clause. All of these things could make it v
The government and a bank because perhaps that settlement is not the result of each party looking at their options and the evidence of the other side but rather simply the governments overwhelming power. A bank can not really afford to take on the government in this way or take on its supervisor and as a result you wonder, unless theres a lot of information around what actually happened, you wonder whether there is really an arms length kind of settlement. The same question arises where the settlement has occurred and we dont have very much information about the evidence that the government had to create the settlement. And why the, or why the bank agreed to the settlement. Theres a lack of transparency in these cases. And again, because of the fact that the government has so much power with respect to the bank, the lack of transparency raises questions about the rule of law. Are we really dealing with a situation in which the government has found something that is extraordinarily trou