rescuing again. i ll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable, and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i ll talk to julian tet of the financial times. then don t mess with the french people s retirement plans. that s the lesson from weeks of strikes and protests and then chaos in parliament as the government pushed through their policy anyway. [ speaking non-english ] which brought the outrage right back to the streets. we ll tell you what you need to know. but first, here s my take. on his trip to saudi arabia last year president biden made an emphatic declaration about u.s. policy in the middle east. he said we will not walk away and leave a vacuum to be filled by china, russia or iran. last week s reproachment between saudi arabia and iran brokered by china suggests that th
calling for protests. he made the announcement today in a social media post, lashing out at the manhattan district attorney s office, which has invited him to testify before a grand jury. the arrest would be part of their investigation into alleged hush money payments to stormy daniels during the 2016 election. in the post, trump called for protests over his possible arrest, to quote him now, take our nation back. this development comes as sources tell cnn that law enforcement agencies in new york are also now preparing for the possible indictment of trump. cnn s polo sandoval is outside the manhattan criminal courthouse and cnn s crime and justice reporter, kaitlyn polantz is with us. what are we learning about potential arrests according to the former president? we don t know when the indictment may come out of the financial crimes investigations or what charges the grand jury may be asked to approve, and really neither does donald trump at this point. right now his spoke
you have the asset side of the bank s balance sheet pretty good and most of it is the government debt so that s money good. the problem is that they took duration risk, that is, they invested in long term bonds and when interest rates went up the pitteling interest rate that they had went down in value. so in this case that sparked a bit of a concern among creditors and depositors and so deposits left the bank. in 2008 there were asset problems and in the current market it s a liability. it s really people pulling out their deposits, but their assets is probably in the long run money good and they suffered a valuation in between. also, the context is different. banks today, and financial institutions in general are much better capitalizid and think the regulators and the congress in their actions post-2008 could take credit for that, and so we re starting in a much, much
obviously it depends on how much cash is involved. i mean, $30 billion is not an inconsequential sum, but these are big banks, trillions of dollars in assets. so if necessary, they could step up and do it again. i m not sure why it would be the case. again, the u.s. government, the federal reserve, the treasury department, the fdic is saying, look, guys, i m behind the system and i m going to support it and that s money good, and so i just don t know this it shouldn t become a problem in a broader sense. so the federal reserve is meeting next week. do you expect that they will continue with its interest rate hikes, despite the bank failures, or perhaps in spite of? yeah, i hope not. a lot of debate about this, obviously. obviously we have an inflation problem, the fed was fighting that head-on before the banking crisis. but if i were there, i would argue strongly that the number