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Should Government Bail Out Big Banks?
Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Nicole Gelinas, a fellow at the Manhattan Institute, has the answer, and it will have big implications for policymakers when they grapple with the next economic crisis. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression. The conventional wisdom is that this failure and subsequent government rescue, commonly known as "the bailout" was brought about by three decades of bank de-regulation. There were a lot of causes for the meltdown, but deregulation wasn't one of them. Ironically, it wasn't because the banks had become unmoored from government control that led them into the financial storm, it was because they had become too closely tied to government. For three decades Uncle Sam, like an enabling parent, had always "been there" when the big banks got into trouble. The shock in 2008 was that for one brief moment, Uncle Sam wasn't there. In the wee hours of September 15, 2008, Lehman Brothers filed for bankruptcy. The financial industry waited for the Feds to step in and save Lehman bondholders like it saved those of Bear Stearns some months earlier. That didn't happen. Global financial markets seized up. As the Dow Jones Industrial average fell 498 points, or nearly 4.4 percent, financial institutions effectively went on strike. Banks wouldn't lend money to other banks and thus, indirectly, to the public because they had no idea which financial institution might go belly up next. The economy can withstand a stock-market crash, but a credit-market freeze -- essentially a cash freeze -- can cause a Depression, as credit underpins almost all business and personal activities. Indeed, some large companies, including General Electric, were so dependent on these short-term credit markets that they were in danger of not being able to pay their workers. The financial industry pleaded with the government to act. Later in the same day, September 15, it did. The Feds wouldn't save Lehman's but it would save AIG, the primary insurer of mortgage loans. A month later, the Troubled Asset Relief Program (TARP), a $700 billion plan to pump taxpayer cash into America's banks and financial institutions was approved by Congress. Public officials generally agreed that the free market had failed. In November 2008, President George W. Bush came to New York to explain why he, a Republican president, had signed TARP into law. "I'm a market-oriented guy, but not when I'm faced with the prospect of a global meltdown," he said. But free-market capitalism had not melted down. Again, the problem was not that banks had been too free, but that they had grown too dependent on government over the last few decades. Here's a brief history. America's first post-Depression bailout of a big bank came in 1984 when the Republican administration of Ronald Reagan, with help from the Federal Reserve bailed out Continental Illinois, the eighth largest commercial bank in the nation. The bailout introduced the phrase "too big to fail" to the financial media's vocabulary. For the complete script, visit https://www.prageru.com/videos/should-government-bail-out-big-banks
Просмотров: 794150 PragerU
Stocks Take Historic Fall As Bailout Plan Fails
Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously. The almost 780-point decline was the largest one-day point drop ever for the index. (Sept. 29)
Просмотров: 3437 Associated Press
"The View" Talks about the failed $700B bailout plan.
The ladies on The View talk about the recent failure of the governments $700 billion dollar bailout plan. All of the co-host offer their opinions and give their take on the plan.
Просмотров: 12039 RandomClips2008
Moral Hazard Explained in One Minute: AIG Bailout, General Motors Bailout, Bank Bailouts, etc.
The Great Recession made something perfectly clear: certain companies are considered "too big to fail" and therefore, the state has decided that they don't have to play by the same rules as everyone else. AIG, General Motors, lots of banks and so on should have gone bankrupt due to bad decisions which had been made prior to the crisis, just like countless other companies have. However, they were considered systemically important and therefore "saved" by... well, by everyone else. Needless to say, a moral dilemma arises. By rewarding instead of punishing those who made mistakes at the expense of everyone else, are you saving the financial system or setting a dangerous precedent? Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Просмотров: 11874 One Minute Economics
Financial bailout package fails in House of Representatives
Stocks tumble as U.S House of Representatives votes down $700 Billion financial rescue package.
Просмотров: 2870 RT
Stocks Tumble As Bailout Plan Fails in House
Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, after the government's financial bailout package failed the House. (Sept. 29)
Просмотров: 2224 Associated Press
Pelosi: Crisis Still Exists After Bailout Defeat
"The legislation may have failed; the crisis is still with us," said House Speaker Nancy Pelosi, D-Calif., in a news conference after the defeat of the $700 billion bailout plan. (Sept. 29)
Просмотров: 3052 Associated Press
McCain Denies Blaming Obama For Failure of Bailout Bill
John McCain ABC News interview, September 30, 2008
Просмотров: 29140 TPM TV
How the Failed Bail Out Bill Will Effect You
The economic result of the failed bailed out plan and how that will effect individuals.
Просмотров: 418 GettingtotheTruth2
Paulson on failure of bailout bill
Treasury Secretary Henry Paulson at White House
Просмотров: 672 kherman54
Bush: failure of bailout plan 'a disappointment'
http://realpundits.com/ is a website dedicated to the political opinions of real people. If you have a YouTube video or written article with your opinion about politics we would like to hear from you. Every day thousands of videos are uploaded to the web, real people commenting on real political issues and every aspect of the American election. Obama's big speech, Sarah Palin's past - political commentators far from the mainstream media are setting down their thoughts and uploading them to be argued over and debated by political junkies across the world. There's so much it can be hard to find the best. And that's where Real Pundits comes in. Every day our team of editors trawl the web for the brightest, funniest, or most provocative videos uploaded by you. Want to know what real people think about McCain's war record or whether Bill and Barack will ever patch things up? Forget the talk shows and old media. Ask the Real Pundits.
Просмотров: 462 RealPundits
Republicans Blame Pelosi for Bailout Failure
House Minority Leader John Boehner and Minority Whip Roy Blunt said Monday that a partisan speech delivered on the floor by House Speaker Nancy Pelosi was to blame for the failure to pass a bailout package. (Sept. 29)
Просмотров: 1777 Associated Press
Media and bailout failure
More at http://therealnews.com/c.php?c=081001YT Danny Schechter: The effects of the financial meltdown are spreading as the bailout fails to work
Просмотров: 2097 TheRealNews
Dire Warnings Fail to Sway Senators on Bailout
Senators dug in their heels Tuesday, pushing back against dire warnings from the government's top economic officials of recession, layoffs and lost homes if Congress doesn't quickly approve the Bush administration's $700 billion bailout plan. (Sept. 23)
Просмотров: 2629 Associated Press
The People Has Spoken: Wall Street Bailout Fails
800-459-1887 call your congresscritter or lose your country. say not to bailouts. Vote out those who voted for it! They don't care for you, just that the election is right around the corner!
Просмотров: 1808 Ishoozedotcom
How the euro caused the Greek crisis
Greece is in a state of economic and financial crisis that's dominated global headlines this week. Vox's Matt Yglesias explains the real roots of the crisis. For our more on the Greek crisis: http://www.vox.com/cards/eurozone-crisis Subscribe to our channel! http://goo.gl/0bsAjO Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o
Просмотров: 2286718 Vox
Blunt Blames Jews for Bailout Failure
Republican Congressman from Missouri finds the world's oldest scapegoat to blame for the failure of the financial rescue bill.
Просмотров: 3698 David Koller
Where Did the Bank Profits Go? Why Bail Out Wall Street? Bernie Sanders - Finance (2009)
Wall Street Reform or Financial Reform refers to reform of the financial industry and the regulation of the financial industry in the United States. Wall Street is the home of the country's two largest stock exchanges, and "Wall Street" is a metonym for the American financial sector. Major Wall Street reform bills include the Federal Reserve Act of 1913, the Glass-Steagall Act of 1933, the Truth in Lending Act of 1968, the Community Reinvestment Act of 1977, the Gramm–Leach–Bliley Act of 1999, and the Sarbanes-Oxley Act of 2002. The most recent Wall Street reform bill, the Dodd–Frank Wall Street Reform and Consumer Protection Act, was signed by President of the United States Barack Obama on July 22, 2010, following a global financial crisis. The Glass-Steagall Act of 1933 placed a "wall of separation" between banks and brokerages, which was largely repealed by the Financial Services Modernization Act of 1999. The bill was enacted during the Great Depression, which began with the Wall Street Crash of 1929. The Gramm–Leach–Bliley Act of 1999 repealed the "wall of separation," allowing companies to simultaneously act as commercial banks, investment banks, and insurance companies. Though some commentators regard the restoration of the 1933 bill as crucial, even calling it "the most vital element of Wall Street reform",[1] House Democratic leaders refused to allow an amendment by Rep. Maurice Hinchey (D-NY) to restore Glass-Steagall as part of the 2009 Frank bill.[2] Hinchey introduced his proposal as a separate bill, the Glass-Steagall Restoration Act of 2009.[3] Nonetheless, the "Volcker rule" proposed by the Obama administration has been described as a "new Glass-Steagall Act for the 21st century", as it establishes stringent rules against banks using their own money to make risky investments. In 2016, 170 Economists, Financial Experts, and Academics Backed Bernie Sanders’ Wall Street Reform Plan. In the letter supporting Bernie Sander’s Financial Reform Plan: "In our view, Sen. Bernie Sanders’ plan for comprehensive financial reform is critical for avoiding another “too-big-to-fail” financial crisis. The Senator is correct that the biggest banks must be broken up and that a new 21st Century Glass-Steagall Act, separating investment from commercial banking, must be enacted. Wall Street’s largest banks are now far bigger than they were before the crisis, and they still have every incentive to take excessive risks. No major Wall Street executive has been indicted for the fraudulent behavior that led up to the 2008 crash, and fines imposed on the banks have been only a fraction of the banks’ potential gains. In addition, the banks and their lobbyists have succeeded in watering down the Dodd-Frank reform legislation, and the financial institutions that pose the greatest risk to our economy have still not devised sufficient “living wills” for winding down their operations in the event of another crisis. Secretary Hillary Clinton’s more modest proposals do not go far enough. They call for a bit more oversight and a few new charges on shadow banking activity, but they leave intact the titanic financial conglomerates that practice most shadow banking. As a result, her plan does not adequately reduce the serious risks our financial system poses to the American economy and to individual Americans. Given the size and political power of Wall Street, her proposals would only invite more dilution and finagle. The only way to contain Wall Street’s excesses is with reforms sufficiently bold and public they can’t be watered down. That’s why we support Senator Sanders’ plans for busting up the biggest banks and resurrecting a modernized version of Glass Steagall.” https://en.wikipedia.org/wiki/Wall_Street_reform
Просмотров: 2854 The Film Archives
Bailout Plan Failure
effects of failed bailout plan for banks
Просмотров: 27 ronrisa2000
NEED TO KNOW | The true cost of the bank bailout | PBS
http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/ Much has been made of the $700 billion in taxpayer money used to bail out the banks in the Troubled Asset Relief Program (TARP). But Bloomberg News reporter Bob Ivry explains to NEED TO KNOW that the true cost was actually closer to $12.8 trillion. Need to Know airs Fridays on PBS. Watch full-length episodes of Need to Know at http://video.pbs.org/program/1458405365/
Просмотров: 32712 PBS
Просмотров: 920 countnmoney
Stocks Take Historic Fall As Bailout Plan Fails
Subscribe Here : http://signup.triplecrownnewsletters.com/member/subscribe.php Your daily newsletter on all popular and recent topics. Business, Dating, Romance, Health, Money, and Politics.
Просмотров: 6527 tubetcn
Floor Statement on the Bailout Plan
Просмотров: 436 Senator Bernie Sanders
McCain: 'Disappointed' Bailout Failed
Republican presidential nominee John McCain said 'Congress once again came up empty handed.' The comment comes a day after the House rejected a massive rescue plan for the nation's economy. (Sept. 30)
Просмотров: 90 Associated Press
Просмотров: 78 countnmoney
700 Billion dollar 'bailout' plan. It wont work!
Seceretary of the U.S treasury and the Bush administration has proposed a 700 billion dollar plan to cover this failing economy. This will cause more inflation and delay the obvious...A failed U.S. economy. Eventually, the 700 billion will turn into 140 billion, just like the Iraq war. Study the facts!
Просмотров: 14130 M Lakes
Bailout Affects Businesses 'Closest' to Wall St.
Street vendors parked along Wall Street discuss how the nation's financial crisis is affecting their business on a day when Wall Street's worst fears came to pass: the government's financial rescue plan failed in Congress and stocks plunged. (Sept. 29)
Просмотров: 634 Associated Press
Bush Approves Car Bailout
President Bush has announced plans to provide emergency help for the troubled U.S. auto industry. The announcement came one week after a $14 billion rescue plan failed in the U.S. Senate. The bailout makes major demands on the automakers. After the announcement, Wall Street rallied, but closed slightly down. VOA's Robert Raffaele has more on the bailout.
Просмотров: 502 VOA News
Financial Crisis in Greece - Dimitrios P. Tsomocos
Serious Science - http://serious-science.org Economist Dimitrios Tsomocos on the bailout plan failure, the Troika, and the impact of the strong euro http://serious-science.org/financial-crisis-in-greece-5804
Просмотров: 819 Serious Science
An Unbiased View of the Bailout
How to Call Capital Hill (202) 224-3121 about the Bailout and 2 possible messages: Dear Senator/Representative: You MUST reject/support the Paulson/Bernanke plan for bailing out and propping up reckless banks at taxpayer expense. This is madness/wonderful to ask us, the taxpayers, to cover the liabilities of Wall Street. We are(n't) tired of being fleeced. If you vote to support/oppose this plan, I will do everything in my power to remove you from office before you can give away any more of our money to failed businessmen. (help me with that last one!) Thank you, [Your name] Find you representatives here: http://www.congress.org/congressorg/home/ More action plans here: http://www.campaignforliberty.com/ http://digg.com/political_opinion/A_Completely_Unbiased_View_of_the_Bailout
Просмотров: 947 conservativefunds
Big Bailout fails
Panel 1 Big Bailout fails What now for us? High interest rates for longer Longer recession Lower house prices But not a depression And no NZ banking collapse Panel 2 High rates for longer Bank funding costs up Will be passed on But banks absorb some pain Panel 3 RBNZ will help May cut 100 bps Oct 23 To soften blow for banks Keep rates from rising Panel 4 A longer recession But not a depression Global economy slowing US not in recession yet Lower export returns Lower oil price Panel 5 Its different from 1929 Banking system stronger Floating exchange rates Fast growing Asia/LatAm Banks pumping in money Recession into 2009 Panel 6 House prices to fall 30% As we predicted in Feb Banks will not fail Past due loans still low Strong capital backing Depositors are fine Panel 7 Banks will slow lending Kiwibank taking up slack 7.99% vs 8.7% You can have it No more easy money 80% home loans are gone Low-doc severely restricted Top ups difficult
Просмотров: 544 PolicyDotNet
The House of Representatives approved $700 billion bailout of Wall Street with a 263 to 171 vote today.Bad news!It shows that only 171 members of the HR are for people, not for few Wall Street gamblers who gambled away our collective fortunes. http://www.cnbc.com/id/25684069 15072008 (Jim Rogers knew it before it happened, here on CNBC he talked about it on 15 July this year) Jim Rogers explains why the US taxpayers should not bail out the Wall Street gamblers who have been devoid of insight. I agree.Let them fail. Read the article 'The Great Bank Robbery of 2008' by Robert P. Murphy at http://mises.org/story/3132 (Ludwig von Mises Institute's website) http://www.cnbc.com/id/25684069
Просмотров: 8755 AA K
Bailout Fails!
Congressman Ron Paul gives us his thoughts on the failure of the bailout bill just minutes after leaving the floor.
Просмотров: 192282 Campaign for Liberty
Obama's Stance On Bailout
Barack Obama talks with Bob Schieffer about his role in the bailout negotiations, stressing the importance of added reforms and protecting American taxpayers.
Просмотров: 4907 CBS
Wall Street Bailout Fails ! Markets on the verge of a Chaos
Wall Street Bailout Fails !! Markets on the verge of a Chaos
Просмотров: 960 NewsJunky07
Economic Bailout & Politics
Experts believe Sens. John McCain & Barack Obama each had something to lose when Congress failed to pass an economic rescue bill, reports Jeff Glor.
Просмотров: 1560 CBS
The 2008 Financial Crisis: Crash Course Economics #12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Просмотров: 1415630 CrashCourse
Neel Kashkari: Biggest banks still in danger of failing
Federal Reserve Bank of Minneapolis President Neel Kashkari on why he disagrees with JPMorgan CEO Jamie Dimon on 'too big to fail,' his prediction of another taxpayer bailout of the banks and the state of lending.
Просмотров: 510 Fox Business
Reaction: Congress and the failed bailout vote
What's your reaction to the failure of the House to pass a "bailout" bill? Do you have a 401k or other stocks and have they lost value? Do you think Congress should try for another rescue package?
Просмотров: 366 UPIVideo
Stimulus Plan Explained
In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal. Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy. For further reading: Mark Zandi (former McCain economics adviser): http://www.philly.com/inquirer/opinion/20090215_Imperfect_stimulus_plan_is_still_the_best_answer.html Philosophical overview from the LA Times: http://opinion.latimes.com/opinionla/2009/02/pelosi-reid-sti.html p.s. Keynes's last words: "I wish I'd drunk more champagne." HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
Просмотров: 309419 vlogbrothers
Are the banks still too big to fail? - Counting the Cost
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the financial system? Eight years on from the global financial crisis, are the banks still too big to fail? The bank's troubles date back to 2008, when it mis-sold banking products called Mortgage Backed Securities - the very straw that broke the global financial system almost a decade ago. The US Department of Justice is demanding $14bn back in fines from Deutsche Bank to settle civilian lawsuits related to the mis-selling. New European Union bail-in rules mean the German tax payer is protected from involvement with bank fines which all but rules out German state aid. Deutsche Bank has also failed banking "stress tests", which demonstrate how well banks would do in a severe market shock similar to the global financial crisis. But some argue that the position Deutsche Bank finds itself in is not quite as simple as it may seem. With what is predicted to be a solid balance sheet in terms of liquidity and deposit-loans ratio, Chris Wheeler, banking analyst at Atlantic Equities, a US brokerage firm based in London, clarifies: "The problem it [Deutsche Bank] has is two-fold really: It is still trying to rebuild its earnings in markets that aren't very favourable to it in investment banking. The other problem, of course, is its capital - it has something called a 10.8 percent common equity tier one ratio. That's kind of moderate compared to its peers, but obviously it's under pressure if we have this very substantial US fine." With a much stronger balance sheet than some of the biggest banks that fell in the crisis, such as Lehman Brothers, and a solid bill of deposits rendering not liquidity but capital as the main issue for Deutsche Bank, does this further solidify fears of another global crisis? "This has proved the point that 'too big to fail' is still with us. All the fear that gathered last week about Deutsche Bank and its prospects just reminded everybody that despite the fact that the balance sheets are much stronger, regulators will force banks to hold more capital, more liquidity, despite all of that ... if Deutsche Bank were to collapse into the mode of Lehman Brothers and bankruptcy, the ripples will be absolutely enormous," says Chris Wheeler. Also on this episode of Counting the Cost: South Korea's new limits: South Korea's tough new anti-graft laws are sending shockwaves to the local business community. It's now a fine line to tread when wining and dining your guests - if they happen to be a journalist, a teacher or a public servant. Paris Motor Show and the future of driving: We head to the auto show where it seems to be less about the car and more about the technology inside - which could change the entire driving experience. Kamahl Santamaria talks to Luca de Meo, the CEO of Seat Cars, about change in the automotive industry and the future of driving. Property and divorce in China: In Naniing, China, a new law is limiting the number of properties a married couple can own. But the government's attempt to curb rising property prices in one of China's biggest cities, has had an unforeseen result: a surge in the divroce rate as couples are splitting up to buy more property. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
Просмотров: 8340 Al Jazeera English
Delingpole with James Delingpole: Price Tag of Too Big To Fail Bailout Still Felt Ten Years Later
The too big to fail 2008 bailout of the banks, in real terms, cost more than the Marshall Plan, the Louisiana Purchase, the Race to the Moon, the Savings and Loans crisis, the Korean War, the New Deal, the Invasion of Iraq, the Vietnam War and NASA combined. On this week's Delingpole, James talks to fund manager - and, bizarrely, fellow Oxford English graduate - Tim Price about the iniquities of global finance. These guys get paid gazillions for doing little more than rip us off. Price explains how all those too big banks should have been allowed to fail - and how we're still paying the price for bailing them out. Price, a Perma Bear warns James that we haven't even begun to address the problems of the 2008 financial crisis: we've just kicked the can down the road.
Просмотров: 1299 Breitbart News
Dem Speaks On Bailout Bill
Katie Couric spoke with House Majority Leader Steny Hoyer about the reasons for the failure to pass the $700 billion economic bailout package.
Просмотров: 1057 CBS
What Will the Bailout Buy? - NYTimes.com
Vikas Bajaj discusses the difficulties in figuring out how to value failed mortgages that are part of the government's $700 billion bailout plan.
Просмотров: 222 The New York Times
Bailout Vote Fails
bailout vote fails
Просмотров: 1362 Sherry T
Soybean farmer calls Trump's $12 billion bailout a "pacifier"
Republican backlash is growing against President Trump's $12 billion plan to help American farmers feeling the pain of the escalating trade war. The president's proposal was announced Tuesday in response to retaliatory tariffs imposed by China and other countries. Adriana Diaz speaks with one Illinois farmer who voted for President Trump and says he's now on the front lines of the president's trade war. Subscribe to the "CBS This Morning" Channel HERE: http://bit.ly/1Q0v2hE Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR Watch the latest installment of "Note to Self," only on "CBS This Morning," HERE: http://cbsn.ws/1Sh8XlB Follow "CBS This Morning" on Instagram HERE: http://bit.ly/1Q7NGnY Like "CBS This Morning" on Facebook HERE: http://on.fb.me/1LhtdvI Follow "CBS This Morning" on Twitter HERE: http://bit.ly/1Xj5W3p Follow "CBS This Morning" on Google+ HERE: http://bit.ly/1SIM4I8 Get the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: http://cbsn.ws/1RqHw7T Get your news on the go! Download CBS News mobile apps HERE: http://cbsn.ws/1Xb1WC8 Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B Delivered by Norah O’Donnell and Gayle King, "CBS This Morning" offers a thoughtful, substantive and insightful source of news and information to a daily audience of 3 million viewers. The Emmy Award-winning broadcast presents a mix of daily news, coverage of developing stories of national and global significance, and interviews with leading figures in politics, business and entertainment. Check local listings for "CBS This Morning" broadcast times.
Просмотров: 115837 CBS This Morning
Italy approves bailout fund for failing banks, including Monti dei Paschi
The Italian government has approved a €20 billion bailout fund, as Monti dei Paschi fail to raise desperately needed funds from private investors. Although the fund will be available for all banks in need, it is the fate of the Monti dei Paschi bank that has triggered this decision. Prime Minister Paolo Gentiloni said at a press conference that: "(There are) two fundamental objectives for us. The first is to protect savings as far as possible. The other is to make our banking system stronger… READ MORE : http://www.euronews.com/2016/12/23/italian-government-approves-public-bailout-fund-of-20bn-for-monti-dei-paschi-bank What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Просмотров: 501 euronews (in English)
Should we have bailed out the banks for making risky loans?
Peter Schiff on Fox Business with John Stossel 2/5/2015 Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff
Просмотров: 23526 Peter Schiff
THE BAILOUT: Speaker Pelosi-Crisis Stems from Failed Bush Economic Policy
9.29.08 debate & vote by the House of Representatives defeating the Financial Bailout bill.
Просмотров: 7241 Politicstv