Nt is hosted by the brookings institution. David good morning, everybody im director of financial policy here at brookings. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023,. A year ago the Global Financial system sthiferred most significant banking stress the Global Financial crisis of 20072008. As you all probably know, Silicon Valley bank failed prompting the fdic take it over in the middle of the day couldnt even wait until the weekend, which is really unusual. Its tempting to see this as a oneoff event. Silicon valley was, for want of a better term, unusual. Almost all its deposits were uninsured, it was woefully unprepared for an increase in Interest Rates, but it was followed by what some have called the panic of 20 if thenature bank and First Republic and oversea credit suisse. To arrest what u. S. Authorities feared was a spreadin
Cspan is your unfiltered view of government. Were funded be by these Television Companies and were including buckeye broadband. Buckeye broadband supports cspan as a Public Service along with these other television provers. Giving you a front row seat to democracy. Republican congressman Patrick Mchenry of north carolina, chair of the House Financial Services committee, spoke about the collapses of Silicon Valley bank and Signature Bank last year, two of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role of the Federal Reserve and federal Deposit Insurance Corporation Bank Regulation and Risk Management. Thisookings institution. Q3 david good morning, everybody, im director of financialhere a. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023. A year ago the Global Financial system sthiferred most significant
Month call 18003 558999, or visit home serve. Com Inside Politics sunday with Manu Raju Next On Cnn Breaking News new cnn poll reveal significant challenges for President Biden how he stacks up against trump. Latest numbers, moments away plus under oath, we sit here day after day after day. Trumps Delay Tactics appear to pay off his hush money allegations. Oil the race i always prefer somebody that didnt have an extramarital affair. New reporting on how the gop plans to target Red Democrats Plus Boiling as College Campuses, real polygons, pounds go back to class and stop the nonsense or will biden, handle the fall this is not about politics, its about doing whats right. And president ial punchline down once thats your trump days lately, you might call it Stormy Weather. Celebrities and gather in washington to roast nb, roast like many of you here tonight, i pretend to do news on tv Inside Politics. Thats reporting from inside the Corridors Of Power starts now good morning. Welcome Insi
Us everyone inside politics is up next and your lawsuit Breaking News new cnn poll reveal significant challenges for President Biden i did how he stacks up against trump. He does numbers moments away, plus under oath, we sit here day after day after day trumps delete tactics appear to pay off his hush money allegations. Oil the race right. Always prefer somebody that didnt have an extramarital affair. New reporting and how that gop plans to target redstate Democrats Plus Boiling as College Campuses, real polygons, pounds go back to class and stop the nonsense. He will biden, handle the fall. This is not about politics, its about doing whats right. And president ial punchline now once thats your trump days lately, you might call it Stormy Weather. Celebrities and journalists gather in washington to roast and be roast like many of you here tonight, i pretend to do news on tv inside politics thats reporting from inside the Corridors Of Power starts now good morning. Welcome Inside Politic
Down for our markets. You can see now extending losses by 6 10 of 1 with the s p and nasdaq down by 4 10 of 1 . Lets take a look at the ride for the s p 500. The flatowns, crossing line. Then we have some definitive thatn and definitive sense the potential rate hike in toember may be happening up 61 , which is up 10 points in the last week. We are just off session lows. Look at the function, which is a sector of health and s p. Bylities are down the most 2. 3 , also accelerating losses on talk of that potential rate increase. Higher Interest Rates are helping. In the sector right now, up by one third of 1 . Not just down on the day, down on the last two days. And oneabout seven third percent as the possibility of a rate hike continues. Lets take a look at the biggest losers on the s p 500. It is about three years or so. Cutting to 12 because of more global competition from renewable resources. Also a hold to a buy, saying the possible rand sale, which is an antioxidant lowcalorie drink