I am about out of time but today i introduce the financial Risk Bill with the senator that is designed to do this and in my view you all are crazily smart and extremely sophisticated and i have high confidence your banks are probably going to be fine because you are the most sophisticated and when you see these risks coming you will find ways to offload them to the other financial sectors were not. We have an obligation on this committee with regulators to make sure that as that cash moves across the system and as we translation to a cleaner. Believe this portion of the hearing on Bank Operating practices to keep our over 40 Year Commitment to live gavel to Gavel Coverage of congress. U. S. Senate is about to gavel i, here for a brief pro forma session. No votes will take place today. Live now to the floor of the u. S. Senate here on cspan2. Thank you, madam chair. I have a question for the ceo of morgan stanley. How much did you sustain in losses from the collapse . 911 million. U. S.
Horses would get scared every time they said jamie dimon, looks like the computer would get scared. Thank god we fixed it. You stated you would immigrant and her english proved that. Sorry. And then mr. Moynihan i i was surprised you broke the daisychain with your name and i know Daniel Patrick Moynihan used to come to fordham when father Joe Ohare was the president. I was a jesuit scholastic at the time and the used to have great stories about being irishmen. The reason i mention all that is around your oftentimes you here, sadly, ugly words like illegals and anchor babies and even one member said but back, although he did walk it back to be truthful. I guess i look at emigrants the way the bible looks at immigrants in leviticus, you recall that says when an alien lives among you, treat him as your nativeborn because you, too, were immigrants in the land of egypt during matthew 25 when i was hungry you gave me to eat. When i was 30 gave me to drink. When i was a stranger you welcomed
state regulators wasting little time to take possession of silicon valley earlier today before a sudden cash crisis risks becoming a bigger one. then just as quickly reassuring investors their money was safe. the fdic taking control of silicon valley bank s deposits and letting customers know that they would have access to their funds by monday morning. it was all meant to avoid a run on the deposits and one that could spread. neither happened today. janet yellen said she was watching silicon and a few other banks she didn t name very carefully. other government officials stressing that silicon s case was very unique. in the case of silicon, it happened very fast after announcing a big loss on the bond holdings earlier this week. most of the bonds were bought long before the aggressive rate hikes that began almost a year ago. meaning those investments were underwear as bond prices declined and silicon was struck. today s strong employment report showing a bigger than expected
Webster Financial Corporation , the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to common stockholders of $181.2 million, or $1.05 per.