bring down inflation or ease up on the fight to calm the banking sector. downplayed the federal reserve through all of this. we started out the sa santa clas by bringing zero interest rates which pushed people out of saved investments into venture capital. they became the arsenate dome arsenate during covid m no one would loan it to us the $5 trilf thin air and that caused inflation. but don t worry, they came in as the firefighters to put the fire out by dousing it with high interest rates. now, they are like the triage doctor to stabilize the patients, which are the banks. ashley: alexandria hoff with more from washington, alex. good morning, the federal reserve is in a tricky spot with rising consumer prices being revealed today. it has led to a rate hike but giving the turmoil the interest rates have caused the fight against inflation may have to be placed on hold. it was an attempt by silicon valley to lower interest rate risk which led to selling off securities we
by dousing it with high interest rates and now they re like the triage doctor trying to stabilize the patients, which are the banks. ashley: alexandria hoff is live in washington, good morning. alex alexandria: it would have led to another rate hike, that fight against inflation may have to be placed on hold. it was an attempt by silicon valley bank that led to selling off of securities. by thursday, stock began to nose dive and by friday regulators shut it down. sunday signature bank suffered the same fate and emergency measures were enacted. president biden tried to provide reassurance yesterday. president biden: americans can have confidence that the banking system is safe, deposits will be there. small businesses across the country is breathe easier knowing they will be able to pay their workers and bills and hard working employees can breathe easy. no loss and this is important points, no losses born by the taxpayers. biden administration says since investors were
green issue in to care. and gordon gecko kept gambling. fannie mae and freddie mac are two of the very important tools we have. people who are critical of the arrangements that we have. i there it is clear that fannie mae and freddie mac are sufficiently secure so they are in no great danger. once congress is getting out ahead of a problem. my primary interest and i know i share this with others who care about housing is to make sure nothing is done in this real estate organization to weekens the obligation of fannie mae. jesse: barney frank said everything is fine and knew washington was on their side. banks started chapg up mortgages like sushi rolls and giving homeless crack heads north gadgets. crack head, no problem. here is a jumbo loan. this is a true story. if you were a strawberry picker and wanted a beach house, wells fargo would buy that you beach house. banks were at each other s throats over who could loan the most. mortgage funds were amazingly profitable
bring down inflation or ease up on the fight to calm the banking sector. downplayed the federal reserve through all of this. we started out the sa santa clas by bringing zero interest rates which pushed people out of saved investments into venture capital. they became the arsenate dome arsenate during covid m no one would loan it to us the $5 trilf thin air and that caused inflation. but don t worry, they came in as the firefighters to put the fire out by dousing it with high interest rates. now, they are like the triage doctor to stabilize the patients, which are the banks. ashley: alexandria hoff with more from washington, alex. good morning, the federal reserve is in a tricky spot with rising consumer prices being revealed today. it has led to a rate hike but giving the turmoil the interest rates have caused the fight against inflation may have to be
by dousing it with high interest rates and now they re like the triage doctor trying to stabilize the patients, which are the banks. ashley: alexandria hoff is live in washington, good morning. alex alexandria: it would have led to another rate hike, that fight against inflation may have to be placed on hold. it was an attempt by silicon valley bank that led to selling off of securities. by thursday, stock began to nose dive and by friday regulators shut it down. sunday signature bank suffered the same fate and emergency measures were enacted. president biden tried to provide reassurance yesterday. president biden: americans can have confidence that the banking system is safe, deposits