bank. federal examiners led the examination of silicon valley banks compliance with federal regulations related to enhanced standards of review of sv bees liquidity and interest rate risk. flag concerns about the bank's liquidity management beginning in 2021 and interest rate risk beginning in 2022. though it is difficult to provide time to remediate, timelines were not acceptable for the department has conducted and published an internal review of the supervision and the closure of silicon valley bank. that review and the recent failure of first republic bank highlighted the need to make changes to promote safety and soundness of state-chartered banks. the df api is committed to working with federal legislators to develop stronger and more effective systems to promote and promptly remediate deficiencies and better allocate staff according to risk. will increase its focus on a banks a level of uninsured deposits and require banks to evaluate an account for merchant risks posed by technology, enable

federal bank president mary darry is concerned about the continuation of the interest rate increase. 2-another increase in the interest rate this year is a very acceptable prediction with the current state of inflationary stagnation in the united states. investors now antennas are likely to increase the interest rate in july. reuters reports this month that the dollar index has decreased by two tenths of a percent and for foreign investors in the market of other precious metals, silver has increased by one and four tenths of a percent to $23 per ounce. the price of platinum increased by one and two tenths of percent in abad to 28.2. the price of palladium on the international day also increased by one percent and reached $1,296 per ounce . completed by tawheed amin of sedav and sima news agency. and the parts used in the agricultural industry are made of polypropylene or pez, the product of the year seventh, we have a supply of more than 13,000 units of materials exclusively on the commodity exchange, which has an active industrial union license for the sustainable development of pet

banks. yet allowed those risks to go unfixed. the failure of federal regulate dwrors mitigate or escalate management concerns proved costly. while the f. a.o.'s report that examining treasury's use of the systemic risk exception, the s.r.e., and the establishment of the bank term funding program, particularly the use of the s.r.e. is a powerful emergency tool and that has not been without criticism. in part of our investigation into the government's response to these bank failure, the subcommittee hopes to better understand how federal reserve and the fdic concluded that the -- that recommending use of the s.r.e. was the last resort. again, the g.a.o. has previously reported that use of the systemic risk exception, quote, may weaken market participants' incentives to properly manage risk, close quote. while the treasury secretary has warned the public not assume the action create guarantee of deposits, it's hard, frankly, to think otherwise. ultimately whatever losses to the insurance fund will be passed down to hardworking americans. frankly, any loss

, another criminal group that we cannot forget is the group of the central bank of the russian federation bank essentially benefits from looted bagners with this gold to ensure the stability of the russian ruble, and the beauty will put putin in prison someday, they will beat elvira and run the central bank as honestly and secretly as she herself , in fact, her little hand is in the blood of african citizens, citizens of african countries whose wagnerites were killed to establish control over these deposits there are also such, together with all the board of the central bank of the russian federation, the defendant must sit on the bench, let there be excuses here, she will say that she is not fault, but she should be responsible for such things uhu and here imagine this situation when prigozhin begins to use it not only in africa, but in all of syria, he is also with general alekseev's collaborator, why because you do not establish control over the oil fields, oil, a percentage of the protection for the protection of oil fields, where it is brought into putin's pocket and to the budget of

yesterday l -- yesterday the president of the federal bank of atlanta posted a blog post noticing the standards we see her directly due to the federal reserve's higher interest rates. do you think the credit timing is acting as a effective substitute to an additional interest rate hike? chair powell: it may be. we don't see a lot of evidence of additional tightening on top of what we have. but we are keeping our eyes out for that. sen. cortez masto: what are some risks of the fomc raises interest rates despite seeing impacting increases resulting in more credit tightening. we talked a little bit about this. chair powell: the risk is the reason we've slowed down from 75 to 50 basis points to 25 and now as we get closer to what we believe is uncertain but we think our destination a little further we are trying to avoid the mistake of going too far and that's all it is. as you can see people on the committee believe it will be appropriate to raise hikes. a strong majority believes two times if the economy performs as expected. sen. cortez masto: i will jump to employment and this is some

.) >> thank you, director vascular quiz our next people housing director really federal bank renee dare. >> (clapping). >> wow. >> hi, everyone oh, my goodness look at crowd i'm randy with mercy housing and honored to be representing the partners one half of the partnership kelsey to the center as you can see fans the kelsey you know that is kelsey is an organization the staff and board and all of the support of la you have an incredible vision mercy housing we're honored you picked us to help us to execute our business i think one of the stories that i think everyone one has a story one of the stories popped up was one is how that vision turned into like an aggregate action. basically, we quota to this point here with that big drill in four years from the time the city said hey we have a site and opportunity to be innovative and to get to hear aftertime for the funding and working with the city through the process and expediting that and the partnership with all the agencies help to make sure this piece of land with all it's complications allowed us to get permitted today is incredible

that's according to the latest report by the federal reserve bank of new york.n fact, near term inflation expectations in may fell to their lowest levels in two years. now, this survey is a closely watched metric because if consumers believe inflation will fall, it will or they will already adjust their spending patterns in anticipation of what is to come. now, those consumer expectations happen to jive pretty closely with what economists are expecting for the latest inflation figures that they will likely show that inflation went up slightly month over month, but it will drop year over year. numbers like that would be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. well, the us central bank started hiking rates aggressively last year. authorities have hiked rates ten times — marking the fastest tightening cycle since the 1980s. expectations are high that this time , they might pause. earlier, i spoke with market strategist charu chanana, and she gave me her outlook for the us federal reserve. expectations

that is according to the latest reserve from the federal reserve bank of new york.xpectations in may fell to their lowest levels in two years. this survey is a closely watched metric because if consumers believe inflation will fall they will already adjust their spending patterns in anticipation of what is to come. those consumer expectations happened to jibe pretty closely with what economists expect for the latest inflation figures. they will likely show that inflation went up slightly month over month but it will drop year over year. month but it will drop year overyear. numbers month but it will drop year over year. numbers like that will be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. the us central bank started increasing the rate of borrowing aggressively last year. authorities have hiked rates ten times since marking the fastest tightening cycle since the 19805. expectations are high that this time it may pause. i spoke with a market strategist earlier who gave us her outlook for the us federal reser

in less than two hours the federal bank will release the results from the annual stress tests.ance sheet of big banks to see if they can stand a dramatic economic slowdown. our "countdown closer" thinks he has two banks that will pass with flying colors. international assets ceo, fred, francisco. thanks for being here. talk about banks. we were talking about goldman sachs. you will talk about jpmorgan and bank of america. >> well, thank you, share. i don't know how much more i can say about jpmorgan that charlie just didn't. he thank you very much, charlie, we appreciate it. we believe jp and b-of-a are the two best of the traditional money center banks. obviously they're not just money center banks anymore. b-of-a has merrill lynch and jp has charlie saved crossed many business lines. you know, there is not going to be anymore bailouts, i say that tongue-in-cheek. they say it is not bailout. we will have a lot of arranged marriages and we think when the dust settles even though the financial sector has been underperforming this year so far that jpmorgan and b-of-a will be winn

the central bank of the russian federation. someday they will be beaten there, and faith in the runner honestly and fraudulently manage the central bank, she herself is actually her little hand in the blood of african citizens , citizens of african countries, what kind of wagnerites killed in order to establish control over these deposits, there are also such, together with all the board of the central bank of the russian federation, it is necessary to sit on the dock, let there be excuses, she will say that she is not at fault , but she should be responsible for such things. it is starting to be used not only in africa, but in all of syria, it is also with general alekseev's colleague, why because you do not establish control over the oil field , oil percentage from protection for protection oil fields, where is the adventure in putin's pocket and to the budget of the russian federation, that's how they get the economy. of course, they get the economy through criminal actions. i'm trying to explain it . when we say, oh, some chef over there made a gang of mercenaries for himself. no,

bank mismanagement. in fact, one of your other colleagues, federal reserve colleagues echoed these concerns in recent remarks, which he said the unique nature and business models of the banks that recently failed, in my view, do not justify imposing new, overly complex regulatory and supervisory expectations on a broad range of banks. if we allow this to occur, we will end up with a system of significantly fewer banks serving significantly fewer customers. those who will likely bear the burden of this new banking system are those at the lower end of the economic spectrum, both individuals and businesses. just a couple moments ago, rep donald ask you a couple of questions, and your responses that you mentioned how important community banks are, and that you were keeping them in mind with all that you do. as i speak with my local community and regional banks, they say that the increase in regulation and in capital requirements will really hurt them. with that being said, what i find being an outsider in politics new to the political arena, i find that people here in washington, people who hold leadership posit

waller very seriously because he is by the definition of being a governor of the federal reserve bankr, which is very important, because only certain number of people get to vote on the fomc, so will the regional presidents and all of the governors so when waller speaks i listen. it's a little different than what mr. , what the chairman or the president of the federal reserve bank of richmond had to say. it was also quite hawkish in his terminology regarding inflation and higher rates so i take him a little less seriously but waller is a voter and his comments i think should be taken seriously. we've had a hawkish skepticism and certainly we'll get at least one more increase in the fed funds rate. now we have the possibility of two. >> well and you know this meeting is going to be a live one which means basically that there will be no expectation from fed members about what we're going to get. what about this congressional testimony? besides some of the theatrics and the senators and yelling at him and, you know all that good stuff, what do you expect? is there anything else he could

somewhere in there probably pretty accurate. >> we've heard from federal reserve, that we could see a recession, because of the -- uneasiness in bankinghe potential for further declines collapses there the federal reserve is going to release results of the annual stress test for regionals big banks wednesday that is on your radar. >> well, i think what you can expect, is that the stress tests are going to go overall well but certainly there is going to be sensitivity to unensured deposits, you know smaller banks more susceptible so that part or of our outlook is that credit is tightening, the u.s. economy runs on credit, so when these businesses who typically deal with community banks regional banks things like that need to reknew lines of credit get operating loans tougher right now probably going to get tougher forward i think stress test not going to spook market but certainly, there is still some sensitivity there with short-term rates higher and money moving out of banks, into these other things whether money markets treasurys something like that, going to be very sensitive to uninsured deposits. >> economic data on deck this wee

when it comes to fhl officials, they to be paid as federal officials instead of bank officials? k the federal reserve regional banks is a model for them. i think it is higher for government employees but far less than what they are earning. it incentivizes the homegrown bank to go bigger. that is not in the best interest of the economy. sonali: switching interests. had president biden and the scope of his conversation around biting -- bideomics. is this a realistic place to go for the biden administration, given the push back something ranks have given about the idea of overdraft protection actually helping? aaron: is a huge success. both -- aaron co. this is a huge success. they voluntarily change their overdraft policies in ways that should have returned $5 billion a year or more according to consumers and my estimates. when you are looking at a billion dollars a year from some of the largest institutions going back into the pockets of people working paycheck-to-paycheck. there was no new law or regulation. the biden administration talks a good game. ultimately, the industry ch

bank. meanwhile, the federal deposit insurance company announced in a report that in the first quarter of thisr, the volume of deposits in banks with uninsured deposits decreased by two and a half percent to 470 billion dollars, which is the largest outflow of capital from the american banking system in the past 40 years . deposit insurance fathers also from reducing shares the pacific western bank of the united states announced that the number of banks in trouble in the united states has reached 43. issues such as inflation, an unprecedented increase in interest rates, concerns in the field of commercial real estate and the atmosphere caused by the bankruptcy of banks have put severe stress on the banking system and managers. the head of jp morgan and citigroup banks have predicted that by the end of this year, the business environment will be tougher and wall street's main activities will stagnate . it is a well-known saying in the economy that once confidence is gained, money will follow it, a problem that has its objective manifestation. may toan in the banking developments in america in t

maria: what about the banks the federal reserve's stress test this afternoon. hink the big banks get a good report? >> i do. think about this, 20 years ago or 10000 different banks in this country now there is 4000. everything is gravitating toward the top ten banks. i believe i have the statistics as far as deposits. as a bargaining. my prediction one, the bank stress test will give me no confidence in anything beyond the top ten banks, that is what we will focus on. i genuinely believe based on what janet yellen said at the one committee if you are not one of the big to fail banks we don't care that much about you. i think we will see good numbers from the big banks and i have a? over many of the others. maria: brenda, jumping what your take on the second half of the year how do you want to allocate capital. knowing big tech was the star of the show in the first half. >> magnificent seven, surging seven whatever you want to call them this tech basket drove over 90% of the s&p returns. there is a path forward. it's a very narrow one. of you can allocate u.s. eq

bank mismanagement. in fact, one of your other colleagues, federal reserve colleagues, governor bohman, echoed these concerns in recent remarks, when she said, the unique nature and business models of the banks that recently failed in my view do not justify imposing new overly complex regulatory and supervisory expectations on a broad ranck of banks if we allow this to occur, we will end up with a system of significantly fewer banks serving significantlily fewer customers. those who will likely bear the burden of this new banking system are those at the lower end of the economic spectrum, both individuals and businesses. just a couple of moments ago, rep donald asked you a couple of questions. and your response was that you mentioned how important community banks are and that you were keeping them in mind with all that you do. as i speak with my local community and regional banks, they say that the increase in regulation and capital requirements will really hurt t them with that being said, what i find as being an outsider in politics, new to the political arena, i find that people hear in washington, people

bank. meanwhile, the federal deposit insurance company announced in a report that in the first quarter of this year, the volume of deposits in banks with uninsured deposits decreased by two and a half percent to 472 billion dollars, which is the largest amount of capital outflow from the american banking system in the last 40 years, martin, the head of the federal deposit insurance company, also announced the decrease in the shares of pacific western, western, and comica banks. thus, the number of troubled banks in the united states reached 43. he said that issues such as inflation, an unprecedented increase in interest rates, and concern commercial real estate and the atmosphere caused by the bankruptcy of banks has put severe stress on the banking system, the senior managers of j.p. morgan and citigroup banks have predicted that by the end of this year, the business environment will be tougher and the main activities will enter a recession. mohammad kazemi, saudi press agency. three citizens of this country were executed because of security crimes, according to al-mayadeen network , the oppo

to make sure that the international community collaborates with the totally box so that the federal was banks are locked in this a dispute or how to view the totally bar and the other central asian countries, they don't know which side to take. and at the level of ordinary people, the fuse that the tale bought. take over and the development in power will cost significant roof. for example, a militancy is allow me to build through zillow central, asians can travel to totally bone and joint various sections. they're, they're also a fuse of truck trafficking, of dennis on has long been a source of or cheap trucks to the central asian region as those drugs move from central asia to other parts of the world. so older people are, are scared above the tale bar. recently the us state department announced a new program called the economic resilience initiative in central asia or ellison as they're calling it, where the u. s. has pledged $20000000.00 us dollars in fiscal year 2023 to what they say. expand trade routes and shipping capacity, enhanced infrastructure along the trans caspian sea route and

rate >> just to follow up here, the new york fed is arguably you could say the most important federal reserve bank out there how much do you think this data and this report does shape the thinking around whether or not interest rate policy needs to change or adjust in the coming days and certainly the coming weeks? >> you know, i guess the way you think about it, you have to do this before you do that. and first thing you have to do is get the near term inflation expectations under control they remain hyaigh at 4.1%. so they have to get that near term inflation under control and the belief is that over time that will corral the 3 and 59 y the 5 year expectations. and i think that the fed will be happy not to see it tied entirely to gas prices so they will say you know what, this 3 and 5 year number is something that tells uswe have to stay the course in terms of keeping rates high if those start to come down, i think that the fed can have a little more sense that maybe it can back off the level of rates. but i don't think that you can do it until 3 and 5 are under control. >> all right we apprecia

comprised of banks of all sizes is the world's most dynamic system. i am concerned with the impending actions of the federal reserve that in itself will be jeopardized. if you look at community banks for instance, have served our individuals and are small and rural communities across only my great state of alabama but across our entire country in ways that have allowed individuals and small businesses to actually be able to achieve the american dream and to thrive. however over the past decade we have seen a significant decline in the number of community banks serving americans. the u.s. has lost 71% of total banks in the last four decades. and unfortunately smaller banks have made up a large portion of this. just in the last decade the number of community banks dropped by nearly 40%. that is completely and totally unacceptablede. when we look at the vital role they play in each and every one of our communities we must make sure that strength is maintained and not undercuts. the face of the declining numbers of federal reserve is considering proposals that could further contribute too the decrease of small

scammers enter the online banking of this citizen opens, but his account name is the most effective way to protect yourself periodically check information about accounts through the federale looks at all banks at once; you must apply either personally at the place of residence or on the website through the service taxpayer's personal account, a comprehensive database tax has been conducting since july 2014, but it is unlikely that scammers would have waited so long, but what if an extra account appeared? if you find accounts opened in your name that you do not use , or about the origin of which you are not aware, of course, you must immediately contact not only law enforcement agencies in order to report a possible crime, but also credit institutions with an application to close such an account, it is important to personally contact a credit institution. if any difficulties arise, then apply to the central bank of the russian federation, which, according to the legislation of russia , is a supervisory authority in relation to credit institutions. recently , calls from imaginary law enforcement officers have become more frequent. they convince you that they want to steal

what we need is strong risk management within the banks and how about the federal reserve system, theg their job in terms of monitoring the smaller and regional banks. that's something that chairman powell has mentioned and it's clear there was no management. so i don't know if they're going to come out with more but that is not right now what those banks need. maria: quincy, sounds like you want to buy stocks here. >> well, you know, you're always looking for something attractive, something that's going to keep going. and we have been long the industrials. they have not disappointed. it's a very broad sector. it's wide. but you've got infrastructure spending, american companies are very active in the middle east, building cities over in saudi arabia for example. they're not stopping. in addition, maria, the energy market, oil, the service sector companies, they are not going to be pulling back any time soon. they are going to be out there when the drillers start drilling again. that sector on the large scale and in the small scale have not disappointed. we don't expect them to disapp

projects in belarus were abandoned, and western institutions, the european bank for the reconstruction of the russian federation , the world bank, and now russian colleagues are studying the possibilities of replacing these resources and proving that we are under the sanction of this insane pressure on infrastructure budget projects. together calmly implement in the road in the municipal construction industry social facilities. and if there are already some projects in which this is really working now. yes, this is our bigger big project jointly with russia sold. it just continues from the territory of russia on the im 10 road from gomel to brest. we had it, uh, structured according to uh, the ggpp format of public private partnership. just with the west today, the russian gazprombank offered no worse conditions. and even. maybe we 're coming from, uh, the ppp mechanism. it will be just direct loans and direct faster construction. yes, we've talked to many governors are not rarely heard. i from them such a phrase that now we are developing many projects that before that received underdevelopment solely due to t

bank mismanagement. in fact, one of your other colleagues, federal reserve colleagues, governor bowman, echoed these concerns in recent remarks when she said the unique nature and business models of the banks that recently failed in my view do not justify imposing new overly complex, regulatory, and supervisory expectations on a broad range of banks. if we allow this to occur, we will end up with a system of significantly fewer banks serving significantly fewer customers. those who will likely bear the burden of this new banking system are those at the lower end of the economic spectrum both individuals and businesses. just a couple moments ago, rep donalds asked you a couple of questions and your response was that you mentioned how important community banks are and that you are keeping them in mind with all that you do. as i speak with my local community and regional banks, they say that the increase in regulation and in capital requirements will really hurt them. with that being said, as i am an outside in politics, new to the political arena, i find that people here in washington, people who hold leadersh

banks stocks mixed to really flat, td cowen find regional banks lend 90% to small businesses in america robert kaplan former president dallas federalank told me regionals are critical to the small business men don capital advisories officer chief investment. >> anton schutz thanks very much for being here. good to see you, used a wild couple months with upset around regionals tell us how you are seeing the sector have things quieted down stabilized. >> well -- companies positioned on deposit structure unfortunately failed that is i think market decided every bank was created the same those three institution, really had unique structures, and deposits that were very lumpy, specifically venture capital so move quickly, once that fare started i think as i said on your show nothing to fare but fare itself, stole the quote but exactly what it was they sold everything with reckless abandon valuations got silly a bounce short concedes without another failure tough to try to make money on this space things stabilized improved. maria: i think it is really worrisome that regionals are lending to small business because small businesses are bu

will the federal reserve itself use fed now for real-time payments between banks in the system? are you going to use the fed now for real-time payments between banks within the system? >> yes. that is what it is for. it is an interbank payment system that allows banks to offer real-time payments to customers. >> am going to divert just a little bit. i have dealt with in the past at state level with government competing with private industry. we run into a problem where the government has an undeniable advantage. in this case, it had to deal with internet services. city governments got involved in internet servicing and started competing against private providers. the issue came that the city governments were undercutting the private providers because of the access fee, so we passed legislation in georgia that required any municipal government that provides a service that competes with private industry has to assess themselves the same fees. with that in mind, will transactions between federal reserve banks be subject to the same rules and fees as other banks? are you going to ch

this year, bank of america went bankrupt and the insurance company went bankrupt the american federal depository also added four banks to the number of troubled banks and announced their number to 40. thank you murad. good morning. before the news, the sustainability editor of the cultural heritage was with us about the country's mausoleum programs in commemoration of imam khomeini, may god have mercy on him. i gave him and his family, and the special section that will be in the garden of the museum of the islamic revolution and holy defense today, and we have this report in this context , which i invite to see a traveler from pakistan who traveled to iran to get to know the imam better and is on his way to a destination 72 this is the imam's house in qomkhana a museum for those who are interested in zahai, where the visitors are time travelers to touch and see what they have heard before going to khomein, the house of another museum in which the holy spirit opened his eyes to the world, this room is the birthplace of imam rahmatullah and the imam was born in the year 1279 ah in this

.) >> thank you, director vascular quiz our next people housing director really federal bank renee dare. >> (clapping). >> wow. >> hi, everyone oh, my goodness look at crowd i'm randy with mercy housing and honored to be representing the partners one half of the partnership kelsey to the center as you can see fans the kelsey you know that is kelsey is an organization the staff and board and all of the support of la you have an incredible vision mercy housing we're honored you picked us to help us to execute our business i think one of the stories that i think everyone one has a story one of the stories popped up was one is how that vision turned into like an aggregate action. basically, we quota to this point here with that big drill in four years from the time the city said hey we have a site and opportunity to be innovative and to get to hear aftertime for the funding and working with the city through the process and expediting that and the partnership with all the agencies help to make sure this piece of land with all it's complications allowed us to get permitted today is incredible

president of the federal reserve bank of philadelphia, and member of the board of governors, let's listento how they talk about it . separate speeches, separate locations today, starting with pat harker. >> we are getting close to a point where we can sit for a little bit with the policy. i don't know if we are exactly there yet, but i am in the camp increasingly coming into this meeting thinking that we really should skip -- not because. i don't like the word pause -- but skip an increase. >> a decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate for this cycle. indeed, skipping a rate hike at a coming meeting would allow the committee to see more data before making decisions about the extent of additional policy. kathleen: two important points, pausing, not hiking in june, does not mean rate hikes are over. i'm sure mr. powell willie making that clear at his press conference at the end of the second day of that two-day meeting at the middle of june, and that skipping gives them time to look at the data, assess

. >>> for the first time in 15 months, the federal reserve bank declining to raise interest

we heard from federal reserve bank of st.nd his counterparts in new york and chicago in the last couple of months. we will hear from them this week. the fed keeping interest rates unchanged but morning of more tightening ahead. we have inflation and the fed and inflation in the u.k. thursday is a key day for the boe. we also have cpi out of u.k. and overshadowing all of this is what is happening in china set to cut crime rates and a decision is expected on tuesday. this is according to economist' forecasts. and overlay all of that with antony blinken in china and the chinese premier in berlin. stocks on the move with joe eastman from our equities team. we start with sartorius. joe: this is the big story in the pharma space. sartorius cutting their earnings guidance and dropping 15% almost heading down 20% earlier and taking down a number of stocks with it including merck and germany, the big biotech and general pharma company. also lonza and evotec. a lot of red on the pharmaceutical screens. this is a 25 billion euro market

in this year, three american banks have gone bankrupt . the federal deposit insurance company has also added four banks to the number of troubled banks, bringing their number to 43. last month, artificial intelligence created more than 4 jobs. it killed a thousand americans, according to a report by challenger, a recruitment assistance company employees have been fired. american companies have cited artificial intelligence as the reason for firing 3,900 of their employees. american companies eliminated more than 80,000 job opportunities in the month of october , which is a 287% increase compared to the statistics of this month last year. the total number of job cuts announced by american employers since the beginning of 2023 reached about 417,000 people. recently, artificial intelligence has become a common reason for laying off employees . earlier this year, a report by goldman sachs indicated that some form of artificial intelligence automation is possible, and about two-thirds of the posts should be used the population of japan faces a decrease eve

in this year, the bank of america and the defeat of the federal deposit insurance corporation of america also added four banks to the number of troubled banks and declared their number to be 43 banks. the state of new jersey turned america into ashes. this fire has so far more than it has destroyed 2,000 hectares of forest land. abc news reported that 2004 forest lands have burned in this area. the fire in the area depends on the forced evacuation of people from the settlements and roads, but the encouraging news is that the firemen are they are making progress, officials say what we need now is a little rain to help firefighters put an end to this fire, but fire officials in southern new jersey say they are winning. now approx 50% of the fire is contained, it is expected to increase the recognition of the right person, if nature cooperates a little, the file of this fire will also be archived , but this work will be done during the whole night last night, the conditions that the firemen were facing and the conditions that you have will end. the forest is burning. in total, the 2018 fore

medications have been as well, the saying is too big to fail banks, but it's not too big to fail, is too big to allow to fail. so what the federal reserve and the treasury is come out already saying as far as their back stops, is, is when they're having bank failures. if these particular bags don't cause contagion to the rest of the system, they're going to allow for the failure to take place. so in, in videos that i have covered on my general rice t, v x, i've come up to the equation. this is all problem reactions, solution consolidation. they want to get it consolidated down to the few. the few they're in the club, the central bank, digital currency. the financial institution has a traditional financial institutions like your jp morgan, your bank of america. again, some people think that these institutions are too big to fail. they're just too big to allow to fail. that is a difference between something like a silicon valley bank versus a jp morgan also. i mean, we, and i'm sure what bring us up those bank collapse is also had a lot to do with taking away entry and exit points for people regarding crypto currency. thank you so