tightened too much. indeed, suggests that we still have work to do. if you ever find an airline pilot said it worked with the federal reserve, get off that aircraft. the 16th largest u.s. bank chanced today and took a nervous stock market with it. the latest talk is that this might pause the federal reserve in this latest interest rate hike cycle. the betting seems to be when they gather next week, maybe no rate hike, period. neil: one year, can you believe it? a year ago today it all started. eight interest rate hikes later, the federal reserve must decide whether next week it should make it a ninth. even as credit swiss is receiving a $54 billion life line to keep it going. news hoff a $30 billion rescue for a bank, first republic. that helped stocks rebound. we re tracking it all, this incrediblier and where we stand now from main street to wall street, from the federal reserve to capitol hill to the white house as well. with rich and robert on what could be the ne
By Patricia A. ScheyerNKyTribune reporterSheila Bair, author and former chair of the FDIC, came to Northern Kentucky Monday to speak about the importance of being financially stable.In c
Like America’s unviable ‘zombie’ banks kept alive by bailouts, Pakistan, too, has been hollowed out by multiple crises while its self-serving elite look away.
so my next prediction, i called credit suisse. the next is japan. when japan went bust in 2009 due to the real estate bust, it did what we re doing today. rather than fix the problem, they created zombie banks and zombie companies and negative interest rates. that s ridiculous. neil: because credit suisse got this $54 million cash infusion and republic got something similar, has that taken them off of your list of banks bound to fail? well, it doesn t solve the problem, neil. it delays the problem. you remember bear stearns? j.p. morgan bailed them out. just delayed the problem. aig went down 2008. and then lehman went down. so i was on cnn with wolf