Donald trump and joe biden face off for the 1st time in the u. S. President ial debates. With fellow very still gripped in a political crisis the french president makes the countrys self exiled Opposition Leader and agrees to mediate in negotiations. And watching r. T. International neil harvey on the team will be back with your close a morning run down and then our best to stay tuned for the kaiser. Hey you know back in 2008 when the had the Global Financial crisis and banks went under Lehman Brothers bear stearns and some European Banks are going to go under that old like meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020. 00 times bigger at the time we said you know it intended 12 years so if theres going to happen but a lot bigger well here we are 12 years later and the states are just as you said. Its all unraveling again especially with European Banks because they are not the center of the empire they are not rome they
A negative Interest Rate environment that is toxic for banks so the stocks 600. 00 banks and x. Which covers major European Banks slumped 5. 7 percent on monday to close at 81. 00 just a smidgen above the mall 5 decade low of 79 set in march the last time before march that the index was below todays level was february of 1988 during the selloff that followed black monday in october 1987 when it also slumped as low as 79. 00 the index has collapsed by 85 percent since its peak and may 2007 after having quadrupled over the preceding 12 years its looking bad right i mean once again and the connections in 1907 black monday the crash of that here is very important because the solution then was to extend Bank Credit Facilities thats how. Greenspan Ronald Reagan and robert rubin the plunge Protection Team or the working group on finance the president S Working Group on finance decided that they would solve this problem by not punishing or reforming but expanding the credit line of these banks
So glad you are here for the kickoff session on protecting democracy, foreign interference, voter confidence, and defensive strategies in 2020 election and beyond. Im Carrie Cordero of the center for new american security. We have two sessions this morning. This session will run until 10 45 a. M. Eastern, and i hope you will join us again at 11 30 a. M. Eastern for a session i will be moderating on foreign influence and voter attitudes. Todays conversations are part of a broader collaboration between the center for new american security, the center for ethics and the rule of law, which is part of penn law, and the annenberg Public Policy center, also on the university of pennsylvania. There i hand it over to moderator, this discussion is being livestreamed, and you can post your comments and questions on twitter using the protectdemocracy2020. Our team will be monitoring the monitoring the hash tag and pose your questions to the monitor. America may have been caught off but theres no t
The annenberg Public Policy center, also on the university of pennsylvania. There i hand it over to moderator, this discussion is being livestreamed, and you can post your comments and questions on twitter using the protectdemocracy2020. Our team will be monitoring the monitoring the hash tag and pose your questions to the monitor. America may have been caught off but theres no the samer falling for tricks again twice. Understand the influences around us, take steps take proactive steps to counter them, and work to strengthen our democracy. This collaboration is our effort to do just that. Im now going to turn the over to the professor claire finkelstein, my friend and faculty director of the center for ethics and the rule of law at the university of pennsylvania law school, who is theleading voice on intersection of law, ethics, and national security. Willto claire, who introduce our guests for the session. Thank you soin much, carrie, and its a to have this with c nas. N more importa
The annenberg Public Policy center, also on the university of pennsylvania. There i hand it over to moderator, this discussion is being livestreamed, and you can post your comments and questions on twitter using the protectdemocracy2020. Our team will be monitoring the monitoring the hash tag and pose your questions to the monitor. America may have been caught off but theres no the samer falling for tricks again twice. Understand the influences around us, take steps take proactive steps to counter them, and work to strengthen our democracy. This collaboration is our effort to do just that. Im now going to turn the over to the professor claire finkelstein, my friend and faculty director of the center for ethics and the rule of law at the university of pennsylvania law school, who is theleading voice on intersection of law, ethics, and national security. Willto claire, who introduce our guests for the session. Thank you soin much, carrie, and its a to have this with c nas. N more importa