Struggling companies will be well advised to stay away from those in or near bankruptcy said fred ringle a partner and cochair of the Bankruptcy Department law firm robinson broad leinwand green genevese and block people who buy equity hoping that theyre not going to get wiped out in a bankruptcy just dont understand the process or they dont watch kaiser report well you know this is an extension of the opiate crisis you know the the big opium manufacturers in america oxycontin so the heroin producers they you know they got millions and millions of people hooked on heroin and those people now are hooked on gambling so and so forgive porn so you have a country that is essentially the general right theres got gambling. The heroin addiction and porn addiction right so thats the vast majority of Economic Activity which is going quarter to g. D. P. By the way so if vice could. Maybe triple them the debt to g. D. P. In america would look better everybody has a different opinion about what is
Climax kaiser this is the kaiser report its the world is full of day trader stock trading is free and got all that free money from the government has a lot of people speculating whats going on they say well you know. Money printers obrien. And of course what always follows the problem when it was just going to the top 00 point one percent. You know is the moral hazard right moral hazard is an issue and were going to show you how that plays out how that has trickled down to the rest of the economy as we predicted here in report when people were piling in on their robinhood up into her its a bankrupt company now we see amateur j. C. Penney traders beg judged to save them from white bout this is the story of American Financial markets since especially 2 1008. 00 they are only acting like the leaders of our Financial System like j. P. Morgan like jamie diamond and amateur investors who loaded up on j. C. Penney shares as a reseller went bankrupt are now pleading the judge to spare them fro
Withdrawing the amendment. If there is no further debate, the amendment we are back live at the House Appropriations committee. Theyre working on 2021 spending levels for the defense, commerce, justice and transportation department, as well as the department of housing and urban development. The markup is excited to go into the evening. You are watching live coverage on cspan. Chair lowey for what purpose does the member from california rise . The member of california . Thank you. I havent amendment at the desk have an amendment at the desk. Chair lowey the clerk will read the amendment. I ask unanimous consent to dispense of the reading. Chair lowey without objection, the reading of the amendment is dispensed with. Thank you. This amendment is straightforward. It would block a president from starting a war with iran absent expressed authorization from congress. This amendment consists of language that the house is already adopted as part of h. R. 550 in january of this year. Let me be
To make them whole yes and well yeah that makes sense because they say that. The big banks they are getting bailed out you know they dont seem to make any mistakes remember last year we were talking about j. P. Morgan they had Something Like 90 Straight Days of profitable day trading and you want to spend day trading now knows that its almost impossible to get 90 Straight Days profitable day trading because j. P. Morgan is able to use hedging they can hedge their bets to make the risk go to 0 so any time you can make the risk go to 0 and still have a trade that could potentially be rewarding thats a great trade if youre a professional bank like j. P. Morgan or Goldman Sachs had a big quarter with bonds j. P. Morgan had a big quarter with bonds thats because theyre able to put trades on with 0 risk their hedging strategy is to offer a complete coverage and so that there is 0 risk and at the end of the day they get the bailouts of course but even the reach out person will not get the bal
So what weve got to do is identify the threats that we have its crazy confrontation let it be an arms race is on often scary Dramatic Development the only really im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. Climax kaiser this is the kaiser reports the world is full of day trader that stock trading is free and got all that free money from the government has a lot of people speculating whats going on they say well you know. Money printer job. And of course what always follows the problem when it was just going to the top 00 point one percent. You know is the moral hazard right moral hazard is an issue and were going to show you how that plays out how that has trickled down to the rest of the economy as we predicted here in report when people were piling in on their robinhood out into her its a bankrupt company now we see amateur j. C. Penney traders beg judged to save them from white bout and this is the story of America