35 Burst results for "Fdic"
"fdic" Discussed on CNBC's Fast Money
"A semi squeeze Intel surging higher today's session, but that didn't stop options traders from betting on a chip crunch, the trade is next. We're live at the NASDAQ market side in Times Square. Back right after this. Welcome back to past money. One big semiconductor name getting battered in the options market today. Even as a stock rallied, my co joins us now to break down the action Mike. Yeah, so we're taking a look at Intel, which is always one of the names that we see in the space of traded more than two times its average daily put volume puts outpacing calls the most active options where the January 50 strike puts. We saw over 22,000 of those trading for about a dollar 80, making it one of the most busy chip options we saw today. Obviously, buyers of those puts betting despite the rally that Intel could go a little lower. All right, thanks for that Mike for more options action. Be sure to tune into the full show. That is tomorrow. 5 30 p.m. Eastern Time. Up next, we got your final trades. Final trade time, Tim. Karen's Facebook after a 17% pulled back is bounced nicely off that 200 best mega cap tech chart out there. Karen. Yes, I'm betting with bras brewer and Walgreens boots. I like it a lot. Denny thin. Yeah, boosters, Pfizer, roundtrip, that entire move from the breakout in July back here 41. I like it. Guy damn it. Giant Dodgers tonight Mel pick, please quickly. Giants. Yeah, I'm with you on that one. Also said PayPal last night reports next week. I think it's November 1st regardless PayPal. Thanks for watching bassy and tomorrow at 5. And that money, Jim Kramer starts right now. Get an edge invest like a pro. Access CNBC's live streams around the globe. Unparalleled access to CNBC experts. Actionable investor insight and ideals. Start your free trial today. At CNBC dot com slash pro..
"fdic" Discussed on CNBC's Fast Money
"Welcome back to fats. Shares of cipolla. Getting a pop today cowan going to a new street high price target of two thousand two hundred and fifty bucks on the stock. That's about seventeen percent higher than today's closing price. The stock is already up nearly forty percent this year guy. What's your take you you you say that knowing full well what might take is. I mean it just yet again. An example of the burrito blow out playing its course amongst many analysts industry. We've been bowling in boston this name now for quite some time. This is one of the great turnaround stories of the last twenty twenty five years or so and i think you absolutely see that price. Target earnings in. October look at their digital sales growth. That's ridiculous and as you know. Mccue yoga guy. But i love what. Cnbc is doing so good for them on the burrito. Blow out front karen. I know it's probably too expensive for your taste. No pun intended to stop. I could afford it. But yes i. It's it's too expensive for my taste. Although the executioners been flawless guy talked about digital sales so you know clearly they were able to pivot during the pandemic. They were wildly successful at that. That's going to stay with them. And the master of that so far do starbucks which isn't cheap either. I hope they get as much traction as much profitability from their digital. A as having chipotle is just done a phenomenal job. At what point is it too expensive. I don't know i would said that. Hundreds of dollars ago so good for them. It's interesting to me though that the analysts sort of all fighting over themselves who can be the highest on the street. We've seen that the few times. We'll see that tomorrow with our age and lulu as well. Yeah that that kind of fight doesn't always end. Well striving to be the highest on the street digital strategies. Fantastic and what they've been doing. Even beyond that. Pete in terms of loyalty customer loyalty programs and new menu items. They really been innovating as well. Brian nichols don't an unbelievable job. He comes over from taco bell and any absolutely transforms a company. That had safety issues. They had a terrible experience. Sort of a thing going on and that all changed and he literally has made that change over the past couple of years but it almost happened immediately and he was very aggressive on what the path was going to be so that they could become the company that they have become now which is absolutely almost flawless. I know that they are stretched when you look at these numbers and you look at the p. Is for fast food company. It is outrageous. But when you look at the execution the digital growth that both karen and guy we're talking about i mean they've done amazing job mel and they've they've obviously shifted away from safety and as you said innovated the menu as well so they've they've really done everything that they needed to do. And i think going forward if they can continue to execute the way they have and by the way the loyalty that you brought up when you look at what's going on and they were able to raise some of the prices but also he was telling everybody. Hey look we're also raising the pay that we're giving the employees people like that sort of an experience as well. They liked the fact that this is a company that cares about their employees. So i think that's a big part of why this company is so. They've got the loyalty that they've got because people see this company as part of their own and it's it's amazing experience that he's been able to create right coming up the epic battle over payment for order flow former. Fdic chair sheila bair coming out swinging. Today with the new op-ed she said the sec needs to do more to level the playing field. She'll make her case straight ahead. Dan you'll hear from a man whose business paints for order flow vertucci. Douglas seafood will join us as well. He says an sec. Crackdown would be absurd. Got both sides of this big debate coming up.
"fdic" Discussed on CNBC's Fast Money
"South would you rather twelve minutes into the show. P that's a record. I think We went around. This whole thing is game stop. I came stop. Shares are dropping after its latest report bring collins has been on the call. Has the details papering either. Melissa just a second ago. That's still ongoing. Ceo matt for really focus on the growing logistics capabilities and offerings gain. Stop including the new ability to ship. Coast to coast to the number of shares. The game volley after earnings were revenue increased by about five percent. Epsn seventy-six sent a per share loss. Were not comparing estimates but just for context a year ago to brick and mortar retailers posted. A loss of a dollar forty cents a share so no guidance and no concrete information about major shareholder ryan coen's transformation strategy but three interesting developments. I gained stop. Said the has requested additional documents related to an sec. Probe into the trading activity of game stop i announce back in may also the company says it has least a five hundred thirty thousand square foot fulfillment center in nevada and customer care center in south florida. Kind of sounds like a move towards the strategy to become an on time. Online retailer announced by ryan cohen. Also about a half an hour before the bell. Amc ceo adam announced potential partnership with game. Stop on another outlet both stocks they briefly spiked up about a percent and they dip back down gains trading volume right around. It's thirty day. Moving average before the bell with cirrus falling after hours gonna have to see how retail investors react volume story changes malysz back over the thank. Thank you frank pete. I feel like you traffic some of these names at least. Amc you do. Yeah there's there's a lot of these various names that i've definitely been a part of. I think game. Stop spend one that. I've steered away from mel especially of late. I did trade early on. But i'll tell you what it's still less about the earnings and more about what this company is and why it's where it's trading right now. Let's be honest when you look at the fifty two week range of where the stock is banned from from lows to highs. It's absolutely ridiculous. And what the options were telling us today was we. Were looking for something close to about fifteen percent move in the after hours. We are not getting that as a matter of fact. The implied volatilities of the options were over two hundred and forty implied volatility. So just an incredible number. That number is gonna come down in a hurry. But let's not forget it still stock. That has a fairly decent short interest. Nothing close to what what it once was. But you know it's not trading off of earnings. this is stock. That's trading far more on different types of momentum and all of the different things in that category when we talk about these memes stocks all right coming up a crypto crackdown queen may shares sinking as regulators taking the full details. What's sent this stock falling more than three percent today and later the epic battle bring over payment for order flow in one corner former. Fdic chair sheila bair. She's that with new today calling on the sec to do more to curb this practice. Children as the head and the other corner virtue ceo. Douglas who he totally disagrees calls. The bed factually flawed. Those are his words. He'll make his case. They'll go anywhere fast when he's back into wat- exchange is now a podcast. I'm brian.
A $1.5T Asset Manager Is Getting Into Bitcoin
"Block works. This morning tweeted a job application from franklin templeton who are hiring a traitor dash crypto space currency. Yes that is how they described. Crypto currency crypto space currency. Franklin templeton is a company that was founded in nineteen forty seven it went public in nineteen seventy one and is basically just kept growing. The firm has more than four hundred fifty different mutual funds. The story here of course is just the continued integration of bitcoin into large institutional offerings and the current system along that front bitcoin magazine reported on a similar story. Customers at vast bank can now buy and sell bitcoin directly from their. Fdic insured checking accounts. Vast ceo. brad. Scrivener has made the argument in the past that he thinks that banks should be the best place to buy bitcoin quote or familiar with regulation. We're going to do the right things. We're going to do things to make sure the financial system is kept safe and sound. There's lots of different customers out there. That may want to control everything and have their own wallet. They're on passcodes. And then there are those who are crypto curious and may prefer to work with the bank or an intermediary just because they don't quite understand. Now that's the same argument driving a lot of the partnerships that breakdown sponsor ninety has been doing to get bitcoin buying selling in holding straight into customers bank accounts. So it's clear is. The mainstream is just plotting right along coming to bitcoin at its own pace in the meantime btc. The acid is back up over fifty k. But still many are wondering where. Bitcoin is from a market perspective for that. I'm going to do a mini long. Read sunday right in today's episode by reading this excellent thread from my friend and frequent breakdown. Guest travis cling he writes. Bitcoin is an interesting spot at the moment. A couple thoughts forty four days ago. The bitcoin chart was in big trouble. It had broken all sorts of support levels and had many people seriously doubting whether thirty thousand could hold again in the subsequent forty four days. Bitcoin covered a tremendous amount of ground. It did that thing it does. Sometimes we're just runs away from people. Oh you thought you were going to buy thirty or even lower. How about forty eight. A massive amount of damage has been repaired to the chart. We punched major fibs and points of control retested and held. Sr flips battled with the two hundred day and then firmly reclaimed. It impressive stuff.
Midwest Tartaria, Giants, Reset Civilizations and Strange History with Randy Tartarian - burst 09
"I'm crazy podcast. I'm your lovable host. Mark palmer investigator of all things weird researcher all things call journey into the mystic realms of the every day and the other world either way. And we're here today with randy. I call him randy tartari in because he's got a whole nother style. He's into tartari. He's into researching what they're really is to be seen when you take a look at some of these town hall buildings and churches structures that seem to have layers going underground or maybe were in places that have been dug up. It's fascinating stuff. And i was happy to have him on for his first podcast ever so we kind of went all over the place as he was definitely excited Told me he listens to this show. So it's cool. It's cool to have someone who's listened to some from my heart and soul my mind and i want to remind everybody that this is my purpose that i saw it out when i was younger. I was mentioned in psychedelics. Smoking weed every day reading these books. I told myself you know it's gonna find my higher purpose in align myself with that. I created that intention to help others to help the little ones the children and the animals and all the small creatures of the earth that create life that we all are so grateful for. I know i am so just a reminder folks set your intentions hi. This is a love cast. It's all love and show randy some love and kindness. Because like i said this was his first time. Ever on a podcast. And i think he was very very well researched. He had some really interesting pictures to show us a police. If you got the love bug like i do over the patriots dot com slash m. fdic and show some love. We'd love to see you there. Join the family and you know. That's where the scene is at synchro. Mystic exploration of the ever expanding now and on our latest journey we went to maka moody's state park and you can hear all the information about that on our patriotic as we heard some really interesting modest noises definitely google search that m. o. o. d. u. s. Noises either way. Enjoy this conversation with randi. The tartari and police will
Senators Want FTC Enforcement on Autopilot
"Aren't so pretty. Nice day for tesla stock today shaking off some of the red from earlier this week. Finishing up three and a half percent to six hundred eighty dollars ninety nine cents comparatively. The nasdaq was down nine. Tenths of a percent most of that drop happening in the last hour. Two hours of trading after the fed minutes came out so the minutes from the federal reserve's meeting today indicating that they are considering tapering off their monthly asset purchases sometime in the near term but obviously those things can and often do change so the market reacting to that towards the end of trading and tesla got pulled down a bit as well so pretty strong day for automakers just across the board today so we ejected on this yesterday but will check in again today probably for the last time this week but weekday performance so far tussles down about four percent a little bit less than four percent so far and actually now doing about a half a percent to full percentage point better than gm. Ford's atlanta's volkswagen and neo so despite all the coverage of the knits investigation. If you'd just slept through the first few days of the week which is actually not a bad strategy for an investor and you just looked at automaker performances we to date. You'd have no idea that there was investigation on tesla. And you'd probably say oh tesla's having a pretty good week relative to others so markets down today tesla up and that was despite reports that two. Us senators are currently urging the federal trade commission to open a probe into whether or not tesla used deceptive marketing practices involving drivers systems features which tesla of course calls autopilots and full. Self-driving that is per the wall street journal. They write quote in a letter to the head of the fdic. We con dated wednesday senators. Richard blumenthal of connecticut and ed markey of massachusetts said they have serious concerns about how tesla advertises. Its advanced driver assistance features. Which don't enable vehicles to operate autonomously. They took aim chief executive elon. Musk for some of his comments and quote.
Circle Wants to Become Chartered Crypto Bank
"Circle has announced it intends to become a bank fully regulated by the federal reserve. Occ and fdic. Which could make its us. Dc stable coin a defacto central bank digital currency. It's a bit arcane. But this could really be a huge deal. Quoting axios circles. Dream is to become a narrow bank one that shoes fractional reserve banking entirely and instead places all deposits on reserve at the central bank. Only banks can open accounts directly at a central bank which credits them with pure money in circles case the depositors would be holders of us dc and the collateral backing up us dc would be the money on deposit at the fed. Circle would pocket for itself the interest that the fed pays on bank reserves if the dream were to become reality than circle with effectively be issuing a cryptocurrency backed by the fed itself for all intents and purposes a central bank digital currency or cb dc. If circle was allowed to do such a thing then presumably other banks would be too and they would rapidly start competing with each other to pass through most or all of the interests that the fed pays on reserves.
Big Tech Critic Lina Khan to Lead the Federal Trade Commission
"Start with lena. Cohen who is appointed confirmed the federal trade commission. That's a big deal. It's a really big deal. So this week. She finally received a floor vote. It was a bipartisan vote. Republicans and democrats not going to say all republicans but enough to get a confirmed voted for her and that was early in the morning about eleven thirtyish and then a couple hours later i was watching this hearing on smart home. Check in competition and amy klobuchar friend of the pod. She leaked g basically scooped. Everyone that lena was going to be the chairwoman. Fdic and lead the agency a mad scramble to be like what you say right. It was like chima speak and all of a sudden reuters is reporting. This is confirmed and everyone was like. Oh dang okay cool so. She took her oath of office. On tuesday believe and she is currently leading the. That's amazing. so lena somebody also a friend of the bug. She's been on the verge before probably listeners. Quickly she was a law student. Columbia have really influential lottery. Paper about amazon called amazon's trust paradox. remarkable for a law students. Love your article three. That influential chee ended up advising agencies advising the fcc than she was on david sicily's antitrust subcommittee wrote a lot of the investigation than was nominated for that. And now she's the chair at the otc like she's in charge of overseeing mergers acquisitions of making sure the markets are competitive just a real rocket ship of her career from law school to leading the and she's not been shy about how she perceives the power of these big
A Big Week for Global Tech Policy
"New chair of the federal trade commission a raft of bipartisan legislation aimed at big tech and an agreement to collaborate with the european union. It's been a pretty eventful week in terms of global tech policy here to break down what all happened and what the landscape looks like going forward is our policy reporter ryan tracy. Hey ryan thanks for coming back on the show things for me okay. So let's start with the f. T. c. biden named the prominent big tech critic. Lena con as fdic chair you know. We talked about this earlier in the week. With our colleague brent kendall but remind us of the significant of khan's appointment. She's been very clear that she has concerns about the behavior of big companies in a lot of sectors tech. It's been a particular focus for her confirmation hearing she basically said everything's on the table in terms of big tech. Senators asked her a number of questions about areas where the ftc could become more aggressive in terms of looking at the marketplace for news or looking at the marketplace for a smartphone apps all these different areas where we've heard some concerns about the impact of big tech and her answer was almost invariably. Yes to those questions now. There are limits to the ftc's power but mistaken has an expansive view of what that power is and so we expect her to push those limits and so does this signal sort of shift from the obama years to the biden administration potentially signals a much more aggressive approach to antitrust policy. And that's obviously a big deal for the largest tech companies. Who are under. A lot of antitrust scrutiny. Right now and it's kind of amazing when you step back you know. They had a lot of power under the obama administration and a lot of influence and had the biden administration asked for who they would have picked to lead the federal trade commission. Liikanen think it's fair to say would not have been near the top of their list. Just given that a lot of things critical of tech companies in the past so the fact that the biden administration chose her clearly shows their influence is more limited than it used to be.
FDIC campaigns to get the unbanked to open accounts
"There's an industry term for people who don't have a checking or savings account the un banked more than seven million americans fall into that category according to the federal deposit insurance corporation and one consequence of that is not having a place to deposit those federal relief payments. Nancy was talking about now. The fdic has launched a public campaign aimed. At changing that marketplace's justin how reports households that are unbagged tend to have lower incomes more volatile incomes less education leonard chain is deputy to the chairman of the fdic. He says two and a half percent of white house or on banked and that in contrast to about fourteen percent of african american household and about twelve percent of hispanic households were unbanned. There are plenty of reasons why disadvantaged communities might avoid the banking system. You may have immigrant communities where people come from countries where where they can't trust the banking system like you can in the us. Robert james the second is the chairman of the national bankers association which represents minority lenders. You may have situations in the us where you know. People come from communities that have historically been underserved or been preyed upon by the banking system. Some minority on lenders have been trying to overcome that historical hesitation. Dominic thanh runs off this bank. A black owned lender in south carolina. It offers a checking account with no minimum opening balance and no fee if users keep at least one hundred dollars in it intentionally designed to account to be very simple very transparent there you to us through its campaign. The fdic is trying to let unbagged. People know all of the advantages opening a bank account. Leonard chain with fdic says instead of taking a check to a check cashing service paying a fee then. Walking around with a bunch of cash. The funds are going to be in an insured account as opposed to a check coming in your mailbox or even a prepaid card coming in your mailbox. Plus he says you have access to funds right away to transfer around or pay bills.
Sexual abuse allegations surface in fighting game community
"Once again, not the happiest of weeks when it comes to sports, I'm just. I'm going to be real with the listeners here new age. Not The happiest of weeks we had an ups and downs right like after it. I say weeks. It feels like it's been weeks since our last episode with all the news that broke and. A couple of days. We've basically seen whole gaming community after we did A. Lovely Documentary Review. I felt like on one of the best documentaries I've seen right the smash brothers a lot of fun to do that in watch it in and then to see all of this as like well. That community just killed itself off essentially now. with on I'm sure with you know. Obviously. News is changing every single day. It does look like it's more of the ultimate side. It seems like it's more of the new school. Kids and not so much the crowd, so maybe we'll give him that. Maybe that's just me with my Malay glasses on like i. just want those guys to be good I. Don't want them to be pedophile and shit like that, but that's what gets me right. Is We finish the show? Last episode. I mean it was more so just kind of still talking about sexual assaults around like counter strike in things like that, and like we said like what do we say like with doc? Right is look sexual assault or sexual assault. You never want to see it. You never do, but if in this world there's going to be bad thing so if you have to pick one like. Make it to where it's? And it's just you know whatever I don't WanNa. See Pet of I. DON'T WANNA. See Pedophile. That's where I get emotional. It's where I'll get upset and it's not really fun to talk about and Lo and behold the FCC was like. Hold my controller. Watch this and it's like you. You saw one story news and you're like. shed. That's bad, and then like another one came after you're like. ooh, that's actually worse like I don't understand like. We've gone from words to action all of a sudden. Words are bad enough. And that it wasn't even like you saw one thing, and like okay, and then it was like everyone would tweet like. Oh well, this person knew about it. That person knew about like everyone in the smash scene, and the fighting game seemed kind of loosely knew all of this was going on the whole time. But regard for whatever reason ever said anything or never felt like they were in the position to, or they felt like it should have been handled behind closed doors which I'll say this because I've seen some people tweet out about it Richard Lewis. This is like he's loving. This in the sense of he can finally take shots back at the FCC for how they treated him with illeg, which was awful like. We've talked about on the show. Before the way, the FCC response to outsiders, coming in is like the worst I mean hell. We've even seen it trying to get into some of these fighting game events where they're like. No like you guys aren't exclusively talking fighting each sport, so we can't have you in the FTC event, look. Bad about Yvo. Part of that crowd. Reason no reason yeah, so there's there's that, and this is not though in my opinion, even though this episode is pretty much going to solely be focusing on the FTC, I don't think this is an FDIC issue. I don't think it's a smash. Brothers community issue. I just think this is an issue like I. Think there's something that got out of hand in a group of people it's. The numbers are a little bit more staggering, obviously, upwards of fifty people involved and counting right. Yeah, like I mean it feels like it could potentially be the start and I feel like more stories and. victims will come forward, but. It's a little bit. It feels a little bit more prominent to me. In the in the community of FDIC at the moment compared to others like it's been spread out everywhere else you know like it comes to streamers, but streamers are not. Like their their own, also their own community, right big name streamers, so I guess you could say that that community is also flawed in my eyes, but that's not. As surprising just based on like the personalities and all that kind of take place in Edgy, sees kinda known to be like more like socially awkward in. We've set it on the show like I don't think you have to beat around the bush. especially. This time I feel like. If you got your shots, shoot them right. The FCC is weird. And before that was always kind of I said that as a compliment right like almost like. Hey, take it as a compliment, you guys. Are Weird. You really love your anime. You like your firs-. Your neck owes whatever your I get it. I get it put. It's your thing and whatever right? You guys are happy with it. You're weird, but it's okay. That's who they are. Exactly that's that's who they were. They were a different side of e sports. And now it's kind of like. Oh! No now it's weird. It's like the tone on that Tad different with me now where it's like. Okay I. You know as creepy it's. Weird alike it's a full of a bunch of creeps again. It's not everybody so it's not a blanket statement that we're talking about. Here is just the fact that there's so many players accused so many big name players accused. You saw people like in the. Narrow situation in particular like you saw people like. Telling them to do it, you know that the conversation that was leaked the person at blurred out the name, but they were able to figure out who was drawing a blank on that now, but they were like instigating them in like. Saying like yeah, this is like this is how it is like. This is okay. You know in, so you know. A lot of people knew about what was going on behind the scenes. Hell like these events are significantly smaller. These people are always together when they're going to them. Some of these events are like home style events. Still you know and so It just. Leaves a really bad taste in your mouth, because of not only the the high volume of people. It's the people that are involved. They're high profile individuals in I. Think the fact that it seems like the lot of the community knew it was happening. In worked trying to stop it or weren't helping out,
"fdic" Discussed on KIRO Radio 97.3 FM
"This was the plan member FDIC thanks to their drug are run on our top stories will go over the reopening plans I'm very excited we have a car tab update Mike Lyons will join us to tell us what we now know about the Theodore Roosevelt incident and and a lot of the Cornell glee club who I sang with has repurposed Dave madrigal for the age of isolation K. I. R. O. F. M. Tacoma Seattle CBS news on the hour presented by Capital One bank I'm Steve K. fin in northern New Jersey the federal framework is now out there to get the nation re open for business again governors have to decide what's best for their states when the corona virus pandemic begins two weeks we're starting rejuvenation the president says several states are in his view ready to be re opened now he even said in some parts of the country people might soon be attending sporting events you'll be able to have those fill arenas the plan calls for governors to phase in the re opening after cases have declined and testing is robust you have to pass heard Dr Anthony Fauci warns the virus could return even after all three phases of the new guidelines are implemented it's not okay game over it's not Steven Portnoy CBS news Washington post CBS news medical contributor David Egan says there are risks by loosening restrictions in certain places and keeping them in others what I don't want to see happen is one county relaxes because a few cases and everybody goes out to dinner from the county over and spreads the virus there those kind of things certainly worry because the president did say it doesn't have to be a whole state policy governors can do it county by county in the virus hot zone New York City mayor bill de Blasio seem more encouraging signs in city hospitals this was a good day definite movement right direction not a perfect day yet we want to have those really clear positive days good days moving in the same direction over the course of ten days to two weeks New York state rules requiring face coverings in public places go into effect today thousands of American troops are still in Iraq training local security forces but as we hear from CBS's Cammy McCormick it's a little different now thanks to the virus pandemic the U. S. military says the fight against ISIS is continuing the U. S. supported Iraqi forces with air strikes during a recent operation but there were no advisers on on the ground and due to the corona virus outbreak the U. S. military now says it's using drones to observe the Iraqi training some NATO countries have pull their troops out of Iraq China's made a revision that added thirteen hundred people to the virus death toll in Wuhan where the outbreak got it starts Asia correspondent Ramy Inocencio sequencing one news citing late or missed reporting of deaths overloaded medical staff and sick residents who died at home and who hadn't yet been counted criticism of the new official data quickly followed though with many accusing China of continuous under reporting that China says it's a comedy Connie that is shrank nearly seven percent in the first quarter of the year Wall Street right now the Dow is up four hundred.
"fdic" Discussed on AP News
"1 scam is a claim banks are limiting access to customers money the FDIC says there's been an uptick in calls text messages letters and emails from scammers pretending to be FDIC employees using names of people actually work at the FDIC they say there are security issues with bank deposits the FDIC says they're out to get bank accounts and other personal information no depositor has lost money since the FDIC was created in 1933 because of the corona virus many banks have shortened branch hours or are pushing customers to use online banking I'm at Donahue
FDIC warns of scams saying banks in trouble from outbreak
"One scam is a claim banks are limiting access to customers money the FDIC says there's been an uptick in calls text messages letters and emails from scammers pretending to be FDIC employees using names of people actually work at the FDIC they say there are security issues with bank deposits the FDIC says they're out to get bank accounts and other personal information no depositor has lost money since the FDIC was created in nineteen thirty three because of the corona virus many banks have shortened branch hours or are pushing customers to use online banking I'm at Donahue
Pension Time Bombs
"Today our subject is It started off as a five piece. Subject is called. Who stole my pensions. And the more we do these things the number of people coming out of the woodwork. Who went to tell their stories about what happened to the. Pensions keeps growing. So let's start off as a five program of five unit program is now going to ten and the reason it's important for all of you. Listen to this. You know the story about the pension time bomb is because it is the biggest story that nobody knows about. And it's only now making the news. And the reason pension time bomb is so important because as much like this corona virus and all that is a systemic problem like chronic viruses. About you and me. Getting the SNIFFLES. It's about the whole supply chains breaking down all over the world which will cause crashes all over the world. This is number three as start off as a five unit program and now it's expanding so app some very exciting people who just want to tell all and let the world know how this pension program is going to blow up and it's GonNa bring down the biggest crisis bigger than corona virus bigger than the subprime of two thousand eight and Becker than they Student Loan Program simply says you've been ripped off. That's that's really what's happening here being ripped off and one of the ways that Wall Street the US government and the banking system. Reps this office via our pensions so stay tuned on the Rich Dad. Show have more of these programs come to let you know how Wall Street the government and the Crooks of the world have been stealing our wealth via different vehicles and our this vehicles pension. One of them is student loan. One is your home mortgage one is the stock market. So this is a very important series of programs started off as five and what might stop at ten whenever no so our guest. Today again is tense Adele. Here's my co author on the book. Who stole my pension and our second gases. Mark Rain and Mark. Green is in the book who stole my pension and mark is a thirty year veteran a ups driver from upstate. New York he is former. He is formerly the organizer and president of the Teamsters Alliance for Pension Protection Aka T. a. p. p. a. grassroots pension watchdog organization mark led to raise funds to perform the first ever forensic investigation of a union multi employer plan the New York State teamsters conference pension and retirement fund. They are robbed blind. So Ted. Let's start with you because you're my co author on who stole my pension. Please give them a little little bite. Your background about why you and I are interested in pensions. My Dad didn't have a pension poor dad and your dad that have a pension so please introduce yourself tent and then how you got interested in. Pensions sure thanks Robert. My background is I'm a former. Fdic attorney and I have done over a trillion in forensic investigations of pensions. And some of the first investigations. Ever done and one of the things that I uncovered it in these investigations. Is that the reason these pensions were? Failing was not because not enough. Money was going into them or the benefits. Being paid out to workers to rich was because the people running the pensions were grossly. Mismanaging the money what we call Bros. Malpractice generally crafty and For the investigation ideas more threes. Pensions The New York State. Teamsters pension is in the book In the exhibit to the and that was the first forensic investigations of over one hundred. Twenty one multi employer pensions. That are going to be taken over by the government and so that was the first one that was ever done so and also You know like my dad lost his pension because of corruption again in government and he ran for Lieutenant Governor of the State of Hawaii and got crushed and lost his pension. And what up until your dad? My Dad was working in the intelligence community so he disappeared in nineteen seventy one in east Africa and it turned out he'd been murdered in Africa in doing an investigation for the American government of being the brutal dictator so since he just could not be found his life insurance wouldn't pay social security wouldn't say his state couldn't be pro baited so there was nothing available for those of us in the survivors of the family. Also so he had no mention either so so one of the reasons I think Ted ireson paddock. Oh you know brothers on this project. A book called. Who STOLE MY PENSION? Is that our fathers. Had their pensions taken. And we're very concerned at this moment. There's many mothers and fathers who will find out if if they already have not found out they have no pension and that's why the but it's more than just a pension is the ripple effect like the corona virus is going to have upon the whole system of the world economy so mark grain Plea thank you and welcome to the program. And I'm glad you raise the money to hire Ted's saddle to go in after the pension so tell us your story Mark Place. Thank you for having me on. I really appreciate you guys working on this project and bringing attention to this pretty serious issue which is affecting us in upstate. New York and of course the whole country so You know how I met Ted. You know it started back in two thousand ten actually the story. We have to step back. A little bit are fun. Started sending US letters in the mail saying We were under sixty five percent funded which is critical status so there was a law passed under the protection. Act of two thousand six. It said the trust. These hasn't make benefit cuts and implemented funding improvement plans. So that's what we first started forming committees. That's when I started getting people together calling attention to this problem and we saw a lot of irregularities with the trustees with telling US misleading statements and we call them out on so as the years went by kept saying. There's enough money in plan to pay low the commerce fabulous and you have nothing to worry about. That's what they were telling people publicly. This is thirty. Four thousand member plan with three or four thousand families involved. Keep in mind privately. They were telling us that the fun needed a fourteen percent. Investment returns every year for the next ten to fifteen years just to break even and not take that step so we knew they were not being honest with the participants. So we had these meetings parking lot meetings town halls and we started raising money in two thousand sixteen to get some inter interventions and. That's where Ted Payments. So thank you ted. I appreciate your work on this investigation and unfortunately we find that the plan was grossly mismanaged and now. I can't retire. You know me along with thousands of other people can't retire because the benefit is way too low and so That's the story as of right now. We can't get the money back but certainly wants to reform of pension legislation to make sure this doesn't happen to anyone
How the Federal Reserve’s “discount window” works
"I'm thinking the best way for us to frame things today. When just how different things are has now? Become so clear is do what we've done a couple of times. The past couple of weeks macro micro big picture to actual people in an economy that is coming to a very sudden stop. You don't get much more big picture of course than the Federal Reserve on a Sunday afternoon pulling out. Maybe not all but certainly a whole lot of the stops that had has that huge cut in their short-term interest rate that you have heard about Shirley and other big bond buying program echoes of the financial crisis to be sure also a cut in something called the discount rate short-term emergency loans dispensed through what is known as the discount window sounds a tad. We D I know but in reality it is so big picture because what we're talking about here is the Fed making some really big moves to keep credit flowing to households and businesses marketplace's. Amy Scott gets us going with what the discount window is and why it is so important in a crisis. Think of the discount window as a shot of. Wd Forty if advanced is short on cash to cover customer withdrawals or make loans it can borrow money short-term directly from the Fed in effect it's kind of keeping the finances lubricated during a stressful time banking consultant. Burt Ely says the problem is banks are reluctant to reach for the Kellyanne. Borrowing from the Fed is usually more expensive than borrowing from other banks and Joe Gagnon with the Peterson Institute for International Economics says that looks bad. I mean if a bank has to pay a higher rate to get credit it's usually because other banks are leery of landing to it so it looks like it might be in trouble. The Fed is trying to reduce that stigma by slashing the discount rate and by urging banks to use it and not add. Mahdi teaches finance and economics at Stanford. If they say well please come. Please come which they also did during the financial crisis. Then it's like everybody's doing it and it's okay and it's legitimate. It could help the J. P. Morgan Chase recently said it plans to use the discount window to help break that stigma. Gerard Cassidy an analyst with RBC capital markets says bank balance sheets are really strong right now partly because of nervous customers. There's been an influx of deposits for the safety of the FDIC deposit insurance. So I don't think the banks are going to be forced to go to the discount window but he says better to get them comfortable with the idea before. There's a real
Retirement Investments for a Steady Stream of Income
"What are some good investment strategies that we use for retirement income and their several of them search the list list let's go down the list and since the market so crazy this week let's talk about dividend stocks we use them a lot yeah I the thing is how do you possibly maintain your picture if you don't have something creating the withdrawals that you're taking and and that's the danger in not planning to use income producing things I'm not saying you should all be that but the dividend stocks can be critical because let's let's say you've got a million dollar portfolio new create four percent of dividends well me that's forty thousand a year just dividends you're not including capital gains by liquidating some things along the way so you would want something doing dividends and that's what we recommend in your portfolio you almost need to ask it's crucial to me and if you're one of these people that you know just cuddles up and next FDIC insurance and you're terrified of everything to do with the market we talked earlier about how low rates are ten years at all time low well you know that's gonna affect CD rates in money market rates and all that kind of stuff you'd be lucky to pull one and a half percent off a CD so where you gonna we're you gonna find that gap or you gonna start touching your principal is your drawing money down that I mean that that's just you're watching your nest egg get lower and lower and lower with every withdrawal you make and that's a scary thought so one is absolutely right it's nice to build into your plans something that's kicking off more income than you know the typical safe investments like CD's and even bonds nowadays yeah and there are companies wall street's call into kind of a cool name dividend aristocrat these are companies that have increased their demand for a minimum of twenty five consecutive years and and there's you know companies on there like AT and T. and Exxon you know I mean there are some good companies on there and in other words the they can't guarantee it evident in the future but they're reliable dividend plan payers and increasing Procter gamble I thinks up to like sixty five straight years so so when when things like Exxon and oil and gas sales go down which they've gone down dramatically recently remember those dividend payers and you know what I'll just bring in another point one of the privileges we have a meeting radio listeners as we some of them have advisors and the we see this in a more typically than we ever have the adviser has all mutual funds are all ETF science not emphasizing dividend but emphasizing growth now growth recently in recent years has been really good until this week anyway but there's not much not a lot of dividend paying so so anyway we believe an individual high dividend stocks says one source of cash flow yes Sir yeah and you know Warren Buffett said it best to me he says if you're buying a business and that's what stocks are you going to own the business for ten or twenty years and so and then he says the real question is has the ten year or twenty year outlook for American businesses changed in the last twenty four hours good question if you buy dividend aristocrat you're buying a dividend aristocrat for that purpose you'll probably hold it for years yeah yeah yeah yeah one thing to consider is when stock prices go down dividends are fixed we got a company that's worth a hundred dollars a share on the market four weeks ago and is paying a five dollar dividend span a five percent dividend if that company gets cut in half does down to fifty dollars a share it's still paying that five dollar dividend but now the dividend yield the percentage yield has gone up from five percent to ten percent so a lot of people don't realize that and then I found that for meeting with radio listeners that that percentage that the that the income equates to that fluctuates but the actual dividend itself that's a fixed and stated dividend that's going to continue on so it's important to look at that and those yields with stock prices compressing have gone up so it might make sense to you know seriously consider adding some exposure to this the side of the market
How Avanti Will Be a 'Not Your Keys, Not Your Coins' Bank
"One other question. When as he was. Who Do you expect your customers to be well for Vanity? We're going after the institutional market there are a couple of others that are hanging around the hoop and Wyoming who are going after the retail market. And we hope to be able to do some things with them if we all make it through the process and get our licenses. But there wasn't anybody stepping up for the institutional market which is where I saw a need in particular. The best example is the universities that would like to receive digital asset gifts from alumni but are not in a position to accept them because there isn't a third party that's willing to work with them to provide the services that they need for example under an in in the US under the custody rule. Asset managers are required by law to have a third party store their assets that the the management of the assets has to be separated from the custody of the assets and again the big custodians are FDIC insured banks so as a result were in that catch twenty two where there was a log jam that needed to be broken. And so I was GonNa ask you like who your competitors would be but I realized in a way. Maybe it's set your sort of forming a new category. Or would you say like are you 'cause Gascoyne base does serve some institutions right with Coyne? He's custody and stuff like that. Sure source her. I think the difference is the definition of institution. There are a lot of folks in the crypto world who look at You know small. Twenty five million dollar Crypto Fund and say. That's an institution and technically it is. But what I'm looking at is the markets that I came from earlier in my career. The Pension Funds Endowments Foundations Sovereign Wealth Funds. These are the really big money. Investors for whom the ASSET CLASS UP UNTIL. This point has actually just been too small and not investable will. Now we're getting to the point where it to the extent that Bitcoin does continue to go up. It becomes a bigger asset class. It starts to become too big to ignore and then they start looking around and saying where's the infrastructure. One of the other points that that I've noticed is that the the institutional infrastructure in this market isn't ready for primetime with these very big traditional big asset owner institutions again. It's more more aimed at the the smaller. More risk risk-taking institutions like hedge funds or small small funds that already exist and most most folks when they say there are institutions in Crypto. That's what they mean again. The big guys really are not there. They have a much much much higher standard of professionalism that they require and when I looked around at the folks that are that are that are serving the institutional market right now first of all their trust companies from a regulatory perspective and there are two issues with trust companies for the big big investors. One is that they're not directly connected to the Fed because they're not banks and there's a reason why stay straight and Bank of New York you know in the securities industry are banks. They're connected to the Fed and that's what the institutions WanNa see And then the other is that the the trust companies are that you don't know what your status in bankruptcy is and again. This is another one of the reasons why the banks win from a regulatory perspective. But there's a there's also another issue that I I started looking at the terms and conditions of the folks that are serving the quote unquote the institutional market right now and it is it to be honest in in some cases it's a joke There there's one that serving the institutional market that defines bitcoin as quote a digital asset. If they all of a sudden wake up and decide that bitcoin suddenly bitcoin cash and the customers go to sue them. They would have no claim in court because the contract was so vaguely drafted. There was really nothing promised. The four policy is another one where I was looking at one again institutional firm and the Ford Policy said that they had in their sole discretion the ability to follow a fork. If any and again what's the legal legally enforceable promise in the language there there's nothing So when when an institutional attorney and again I'm talking about a pension fund type of attorney starts looking at the terms and conditions in the contract. They're they're going to say look that that's not even close to the standards that I need. And lastly there's another piece of this you alluded to it in in your question. Why Oh Ming defined the status of digital assets under Wyoming's commercial law. We're the only state to have done that. And that would therefore the only state that would be allowed to start a bank because you have to know what the status of those assets would be in in a legal dispute again. This gets back to institutions needing to have clear clear rights and obligations in the transactions. And if you don't know what the status of the asset classes in a legal dispute. You're taking a lot of risk that a judge is is Is is going to determine a lawsuit you rather than in your favor and institutions. Just can't take that risk they also can't take the bankruptcy risk and again if a judge doesn't know what the exact status of the assets are under the law. Then then you don't know what your outcome is going to be in bankruptcy so all these things are important building blocks that had to get put in place before we really go prime time.
"fdic" Discussed on WTOP
"FDIC card expires for sixty one million baby boomers the future is coming and wealthy prepare for a life with fewer alarm clocks and shorter commute and it just preparing for their health care future today with wellness programs and technologies making care more convenient comprehensive and cost effective for seniors and our nation great health and independence for seniors a better future for all Americans it's modern health care for seniors better outcomes for our nation learn more at better Medicare alliance dot org seven forty eight traffic and weather on the aids and when it breaks I thank you to Virginia state authorities sixty six going eastbound just after fifty Fairfax exit fifty seven there been one broken down in the left lane paused to traffic now both vehicles are sitting safely on the right shoulder so you're traveling are open van Dorn St leaving the belly going north down after the ballet headed toward Eisenhower near Vine Street and we've got a water main break in the right lanes tied up at least at this point so follow direction as abilities I believe right now on scene you're gonna slow out of the spring field in a change on the you know look into Annandale you're finally out of the toward van Dorn ninety five north kind of been a bit heavy coming north specially Dale city toward Woodbridge three ninety five little deland landmark around do toward king and your credit to cross the fourteen sixty six again you've got the delay inside the beltway easing very quickly right into Rosalyn getting a little slower traffic now in the south and George Washington parkway as you approach the key bridge in Maryland topside Adlai brake lights ninety I now New Hampshire Avenue over to Georgia Avenue south of town your line a begins at two ten headed toward the Wilson bridge how to hand over one seventy five east bound after the Baltimore Washington parkway we had a reported crash but unclear along the left or right side of the roadway two seventy not bad coming out of Frederick a little heavy as you approach one oh nine and again little volume and rock they'll down the spur you're definitely slow if you get on to the outer loop will finally got traffic moving well between about ways on ninety five Baltimore Washington parkway slows after one hundred headed down toward thirty two again approaching and passing one ninety seven down in the district northwest we've got one broken down west bound on military road after beach drive last seen in the right lane on the Orange Line this morning trains are single tracking between steady Marmion Cheverly it was a signal problem outside of Minnesota Avenue now reporting on the silver and blue line expect delays in both directions from the congestion with those delayed Orange Line trains when water damage strikes your home or business all serve pro serve pro helping make water and mold damage like it never even happened call one eight hundred serve pro franchise independently owned and operated Jack Taylor WTOP traffic that writer has our storm team four four day forecast for now Matt we've got lots of clouds here we do as the arctic air beds continues to work its way over the mountains the atmosphere will continue to dry out throughout the day today but coming from some.
DC’s first new community bank in 15 years gets FDIC approval
"A new community bank is in the works for DC founders bank has received F. D. I. C. approval and is set to become the first new community bank in the district in fifteen years its first branch beyond friendship heights founders bank is led by former bank of Georgetown executives bank of Georgetown was acquired by union bank in two thousand
"fdic" Discussed on Consumer Finance Monitor
"I just be guessing. I I think I wouldn't expect to see a vital role in less than three months or so but It seems to me that this is a more discreet role making than others we've seen for example day Lung alone rulemaking. Where cycle to be controversial? Don't you think there will be a lot of consumer advocates and plaintiff's attorney's That may be involved in cases where this could have an impact I would assume They will not like what the OCC the FDIC you're proposing here. This will clearly be controversial. We have already seen blockposts from The plane of side or consumer advocacy groups that Really they're up in arms about the proposed any professor Adam. levittown add ED GW George Talent. I can't remember which one He's already written A pretty detailed blog post setting forth a His position Now he's I know didn't like the filing of the AMIGA spree and it doesn't like the proposed right here at all I guess just a concern I have the the agencies better get this thing wrapped up Before the end of the year probably early before the election But let you know assuming hypothetically We have a Democratic president next January changes will happen at the the OC in the FDIC and Just the gas. I'm not prepared to accept that your hypothetical but yes I I think there is you magic professor Lebanon. And he is a very bright guy and he Writes forcefully absolutely so It is incumbent upon the industry to have its advocates Put their best foot forward in support of this role in. Yes it if it doesn't happen this year before January There is at least posssibility that it will never happen. Yeah so assuming it gets finalized Jeremy This really happens. Do the problems in this area goal way or is there anything else left for us to worry about the so the browns do not go away away and There are many programs are out there where a bank in a nonbank Asian will will partner together to offer loans and other consumer financial products and these programs are subject to attack not only under the mad doctrine but also under a a a row called the true lender roll in here the Opposition says that while the longest formerly made by the back that in in substance. It's the non back that He has the greater financial interests the so-called predominant economic look interest in the loans. In that win the nine back does all the marketing does all the servicing and acquires the loan or the Overwhelming economic interests in the loan that each should be regarded as in substance. The true lender and since nine banks do not have the special usery authority provided by federal law than If the lender is required derived this the non-banking agent The parties to these programs are basically in a world of her. Isn't this an issue that you and I- litigated many years ago when payday lenders had partnered with Banks I think. At the time it was principally unsuitably national banks but there may be some state chartered banks involved and there had been a class class action litigation and I seem to recall. You won an important case the Hudson case. If my recollection serves me correctly was in federal court in Indiana. My there's no way you forgotten that case. It was a big case it was an important case and and yes. The decision was favorable to the industry in the court. Basically said this is not an area where piecemeal litigation should establish the rules that CAQ that the Supreme Court recognized in its leading case the Marquette decision that certainty was important to the banking industry. It further recognized that The protection of usury laws was a matter best left to Congress and the courts by establishing exceptions to The the principle that were outlined by Congress So that was basically what we argued in Hudson and the court adopted. That argument basically said that There were some superficial appeal to this idea of recapitalization but it was something best left to Congress in perhaps the banking agencies sees and and I felt that way ten years ago or when Hudson was decided in. I still feel that way I think there really really is a place for Congress.
"fdic" Discussed on 600 WREC
"FDIC says it was a proportional response I'm Jack Callahan fox news Tehran firing fifteen ballistic missiles in the direction of American troops into our Iraqi military bases this in retaliation for the drone strike that killed in a radio general last weekend but no American forces work to and from the White House talk to John Roberts reports that may have been by design a more precisely targeted attack would have cause more damage and certainly may have caused you as casualties the fact that there are no US casualties is being seen by some people in Washington as an indication that may be Iran was deliberately not as precise with its missile attack as it could have been as Washington watches to see if the president will order a counter response South Carolina senator Lindsey Graham says he'd be within his rights to this was an act of war by any reasonable definition the missiles were launched from a Ron at targets inside of Iraq housing US military personnel the president has all the authority needs under article two the response of the troll pledges statement from the White House in the morning Congress will get a briefing from the administration today about the decision to take out the world's general solidity president trump defense secretary mark Casper and secretary of state Mike Pompeii also Iranian general because some sell a money presented an imminent threat to American interest anytime a president makes a decision of this magnitude there are multiple pieces of information that come before us we presented that to him in all its broad detail Hey is expected to be among those briefing lawmakers today separate closed door sessions are scheduled for all members of the house and Senate house speaker Nancy Pelosi and other Democrats have criticized the administration's notification about the air strike logs jerit help ruled Capitol Hill with commercial jetliners crashed into Raleigh Ukraine international airlines seven thirty seven carrying one hundred.
SEC moves to expand mom-and-pop investor access to risky funds
"And more tech firms have been advancing into banking here to explain is the Wall Street. Journal's tell us tell us tech firms have been increasingly partnering with banks to offer financial products. Broadly why do tech companies want to be involved in finance tech companies. See an opportunity to extend their relationship with their customers through the device or through what they use for email or other things into their financial life and the vision is that the money should become something. Sort of seamless. To what you're doing so if you're sending an email and that email might be about Oh I owe you some money. Ah that money transfer could just be seamless with that email using your device paying for things You don't need to bring your wallet when you go shopping. Just bring your device ice. Just bring your iphone or your Samsung phone or whatever that might be so tech. Companies see an opportunity to further embed their products in your life by also tying them into your financial life. Google is partnered with Citi. Group apple has a partnership with Goldman for tech companies. What's the benefit of working with a financial institution rather than going it alone. So one of the scary things. Tech Company when offering financial services is the threat of being regulated by banking regulators. When they're offering those services that might have to cause them to radically addict changed the way they do business the way that they organized their company. It would be quite a big leap for apple or Google or whoever to suddenly just directly Gli go into the banking business or certain parts of the banking business by partnering with the Bank. They can have that bank. Do the highly regulated stuff and then an offer that service under their brand or through their systems. How exactly are these. Banking Tech Partnership structured. Is there a certain type of bank. That's more likely to win a partnership ownership with a tech company so far a lot of small banks have actually had great inroads into working with some very big tech companies. Green dot for example is one Pretty Small Bank. I think that actually works with some big technology companies like apple for example the advantage there has been that those small banks aren't necessarily trying to nationally you create a banking business retail banking business in the same way that a big bank like a city group or J. P. Morgan Chase or Bank of America might be and so that small bank might be willing to kind of do a lot of that behind the scenes work for that Tech Company and Big Tech Company might have some negotiating leverage over a small bank that it doesn't with a big bank let's talk about core deposits versus brokered deposits of the Federal Deposit Insurance Corporation the FDIC said that it wants to modernize how broker deposits or classified to account for changes changes in technology. How would it do that. And what purpose would such a change serve. How exactly a deposit is treated by. Regulators has been an issue for many years back in the nineteen eighties eighties. There were some notable bank failures because those banks relied on what are considered brokered deposits brokered deposits or deposits. Don't necessarily come in directly I e you you walk into the bank and you say I'd like to be a customer. Here's my money. They come in through some third party that might be say a brokerage firm that doesn't offer banking services. This is part of what it does is part of wealth management but sort of puts its clients money all into one bank one time and could move that money around as it sees fit without. Its without the ultimate ultimate customer. The person whose money it is really even knowing so these broker deposits at the time in in the past been called hot money because of how quickly they might move and regulators regulators fear has long been that broker deposits would flee a bank very quickly. Should that bank start getting into trouble. What regulators are now saying. Is that a lot of the rules rules. About what exactly. A broker deposit is which were set. Many years ago don't account for how technology has changed and how a lot of deposits are inter mediated in some way shape or form through an APP through a website through some other thing that might in some respects make them look like a broker deposit. There's a third party involved but don't necessarily act. Ah broker deposit and the the the FDIC which is the main regulator is considering modernizing some of those rules to account for how some brokered deposits some things that might considered broker deposits actually look like what regulators call core deposits which they consider the the safest least likely to flee a bank in signs of trouble form off deposits and this would benefit tech companies if these rule changes were enacted tech companies are at risk of being labeled as brokers Because essentially they are are the front end. The customer knows. Oh I have a checking account with this tech company right. I have a Google checking account. Should they offered. I haven't apple checking account. I have my money honey with square or with Amazon. Whoever might be they they might not necessarily know who the bank behind that ultimately is. So the question is so to those. Those relationships are likely to possibly look like a broker deposit the FDIC by reclassifying. Exactly what a broker deposit is in who a broker is might make it much easier. For those tech companies to to be delivering what our core deposits to banks and that makes tech company relationships that much more valuable to banks and it kind of shifts a little bit of the balance of power towards the tech companies away from the banks because the banks so far have been able to say look where the regulated party. Here we call the shots but if things things get a little easier on the regulatory front than the Tech Company might be able to say. Hey we're bringing you good steph. Here give us a good deal.
"fdic" Discussed on 860AM The Answer
"FDIC this is Bob Sadik with a libertarian minute we've gotten our collective panties into a twist concerning alleged Russian interference in the two thousand eighteen presidential election it's been estimated brushes spent a hundred million dollars which we've been told puts our very democracy at risk you got to be kidding the fear mongers are right any of the twenty one hundred of the world's billionaires what thousands more of the a billion as could take us down and will democracy is not that fragile I hope what does interference even mean here for public had posted true but damaging information about Hillary which was not otherwise known just to help trump wouldn't that have been a public service irrespective of the mode is and the source it would have made us more informed even if the information was false it only joined the cacophony of election noise we're subjected to free speech is a central irrespective of the speaker irrespective of the mode of is the sage from south central Larry elder on a sixty eight AM the answer now back to the same the elder very long so the giraffe Kobe Hey that it wasn't the docking was ineffectual in getting the fight the war well the AP McCabe must be lying through his teeth because he said in his hearing that if it wasn't for the dossier their warnings have been they'll fight the war so for you who would I put their background I'm telling you they're all trying to protect the rear is because they know John.
Democratic Debate Back on After Agreement in Venue Labor Fight
"That reminder C. N. B. C.'s Jessica adding it's twenty four past the age to buy tobacco in vaping products could be going up more from correspondent bill Michaels Congress is moving ahead with legislation that would raise the age to buy tobacco and baby products from eighteen to twenty one the sales restriction has the support of two unlikely backers Marlboro cigarette maker all trio an E. cigarette maker jul the proposal comes in response to a surgeon underage Peiping by U. S. teens raising the purchase age is expected to curb young people's access to E. cigarettes and regular cigarettes and eventually save lives by cutting the smoking rate anti tobacco advocates say all tree and jul are backing the measure to head off even more damaging restrictions on tobacco and vaping bill Michaels Washington now twenty five after well potential change in measurement set us off on the right foot when American morning continues after these messages okay you know how it feels when you've saved enough for that long awaited home addition now imagine in addition on that addition that's the feeling with Capital One renew savings account earns an interest rate five times the national average that's right five times as represented by five times more singers banking remain capital one what's in your wallet terms apply we comparison based on FDIC national right Capital One N. A. member FDIC sarcoma also you've never heard that word before for the forty people diagnosed with star home every day it is a life changing more because this cancer and research the sarcoma foundation of America families whose lives have been turned upside down cancer they never heard least once in
"fdic" Discussed on KLBJ 590AM
"Member FDIC welcome back to American morning fourteen till immigration and customs enforcement officials have released statistics for the twenty nineteen fiscal year correspondent Clayton Nevil reports the agency's acting director called the situation at the southern border a crisis that has impacted nearly every area of the agency's operations in fiscal year twenty nineteen ice officers arrested around one hundred and forty three thousand illegal immigrants and removed more than two hundred and sixty seven thousand which is about eleven thousand more than last year during a trip to Dallas where the numbers were released acting ice director Matthew Albin said statistics won't change as long as politics take priority over public safety officers throughout the country are working hard to overcome increase the number of non cooperating jurisdictions and reckless policies and laws that induce illegal activity by shooting from oil in from federal authorities the statistics show that ice removed more than fifty seven hundred illegal immigrants identified his family unit members which represents a one hundred and ten percent increase compared to last fiscal year ninety one percent of those removed at criminal convictions or pending criminal charges Albin said the decision by immigrants primarily from Central America to come to the US around the idea of eventual release if they can get to this country be released they have one because I know that there it is here that also further hearings and you think everyone about it remote older remove an immigration judge they know that we don't have simply have the resources to track down all of them he said there's a couple quick fixes Congress could act right away six a for some agreement allow us to hold these family and for a short period of time while they go through the migration process they can fix TV P. R. A. which would allow us to keep our to treat you a cease from noncontiguous countries the same way we treat you a season continues countries and we can fix that they can fix the Hubble fear threshold which he expanded on right now we have a system whereby something what's come to this country make a claim for asylum there's two standards or is our initial standard a credible fear standard which is a very low bar to get over which is why most of the individuals that come here and claim asylum are playing credible fear to get a positive credible sure finding but when they actually go from a judge and have to meet the legal standards for asylum in this country it's about ten percent approval rate for those individuals from Central America Albin said he and his agency or committee despite challenges to restoring the integrity to the U. S. immigration system time Clayton apple Google has unveiled its twenty nineteen year in search look at the top trending Google searches of the year correspondent Scott Kerr says heroes got a special not new streaming service Disney plus claims the top spot in Google searches for twenty nineteen but that's one of only a few of the topics of.
"fdic" Discussed on Biz Talk Radio
"I lose my money and what I'm trying to do follow up question would be what are good investment on if there are any like back to our grow the money but also to give it back you know charity and mission to all that you can get more than anything else yes I would look at buddy I would be to consume too too consumed with FDIC FDIC is yeah I'm going to help in some cases when it's an individual bank they may have a problem but it's not going to help because that could be a really bail out you know we saw all hundreds and hundreds of banks go out of business in in two thousand and eight nine nobody even knows it I mean nobody knew what when they went under they went under on a Friday night Monday morning they re opened you know and probably didn't even change the name to some months later so I would be too awfully concerned always is going to be a catastrophic if there was a catastrophic event and all banks right down that FDIC insurance I don't think they could pay a nickel on every dollar they have ensured that would be a lot probably be less than that so it's not something that you're going to you're you're going to gain I would be too awfully concerned about it I would look at some some may be if you want to keep it very very conservative then certainly are now you said your heritage your mother are your parents no longer with this your mother father yes that's correct yeah yeah so I mean there's a number of things date it was in a state.
Damage related to climate change will only grow -- who's liable?
"Support for climate cast comes from Bank of America financing clean energy initiatives and advancements in renewable energy and spurring innovation and the growth of environmentally focused companies it gets in Jobs Bank of America. NA member FDIC who pays for climate change damages I'm NPR chief meteorologist carbon in the in the atmosphere and then ties that amount of carbon in the atmosphere and warming to the increases in flooding ceiling fire victims how do you see individual consumers fitting into these lawsuits moving forward it's very difficult for individuals to have
"fdic" Discussed on The Big 98
"About the benefits of the banking at bank of Clark County. member FDIC. yes. ninety eight. there. beach. two thousand. and once again. there. there ain't no. the new one. girls. girls. girls. superstitions not really.
"fdic" Discussed on Newsradio 970 WFLA
"Member FDIC Hey real exam Odyssey cruises up their game if you're thinking about maybe a romantic night out with your lava or maybe you just want to go ahead and enjoy the beautiful scenery of IDC you got to check out the way of the redesigned their ships from the refinements in lighting and textures to the Ramallah dance floor and bar space I said bark and not to mention minimizing fuel consumption and emissions get a sneak peek of the brand new beautiful interiors at their website Odyssey cruises dot com it's O. D. Y. S. S. E. Y. cruises dot com dot com we need to know this is news radio WFLA and I heart radio station morning I'm Chris track man our top story at eleven thirty NASA engineers are celebrating after this morning successful test of the abort system that will be used during the launch emergency reporting today and then I'll take couple once the guys will really home through it look at everything but everything seems so far looks great Ryan program manager mark here research says the abort system is a critical part of the new rocket that's being built to carry humans back to the moon and on the Mars safety improvements are coming to a portion of Columbus drive in Tampa roadway will be made a safer place for pedestrians and bikers alike between Nebraska and fourteenth street thanks to the addition of bike lanes light up crosswalks and new on street parking and additional trees officials say the nearly half mile stretch is an arterial roadway and sees about ten thousand vehicles passed through the area every day a clear water man is recounting a scary experience he had with an aggressive shark in the Bahamas Jonathan Hernandez was spearfishing when a shark came up from behind and knocked him over before taking a bite into his calf began pushing shoving and using his spear hunting blades to break free he was able to get back on his boat were they applied a tourniquet medical teams in the Bahamas quickly stitch them up before airlifting him back to Tampa where he went into surgery at Saint Joseph's hospital Tampa Bay traffic and weather just moments away reporter fox news I'm Chris foster members of Congress during two Texas border detention facility say conditions are terrible border patrol in the White House door pushing back against the claim by New York congresswoman Alexandria because you're Cortez outrageous that's what counsel to the president kellyanne Conway calls representative across the Cortez's claim that migrants were told to drink out of toilets half on the challenges Ocasio Cortez made the accusation after touring detention facilities near the southern border how long with more than a dozen Democrats oxes Rachel Sutherland president trump's campaign in the Republican National Committee report raising a hundred and five million dollars in the second quarter of the year a second Democrat has announced new total senator Bernie Sanders eighteen million is behind a twenty four million reported by south.
Media changing their tone on climate change
"Support for climate cast comes from Bank of America as one of the largest global financial institutions Bank of America is in a unique position to help society transition to a low-carbon economy, Bank of America, NA, member FDIC, a major news organization is changing the way at talks about climate change. I'm NPR chief meteorologist Paul Hutton her, this is climate cast. But study by media matters found broadcast TV news coverage of climate change plunged, forty five percent between twenty seventeen and twenty eighteen and had happened at the same time climate change enhanced extreme weather disasters spiked in the US now a major international news organization is changing their description from climate change to climate emergency as climate events, become more extreme. What's the most accurate way for news organizations to describe climate change? Susan, joy, hassle is a climate change communicator, analyst, and author. I spoke with her via Skype the cabinet. I really pressure is climate disruption. I think that term gets the point that this is human caused where disrupting global climate system and yet it avoids a term like crisis, or emergency that some journalists type think might feel a little uncomfortable with Susan. There is a push among many scientists and journalists as you touch on to really kinda sharpen the. Language around climate change to more reflect the urgency of the situation, and you touch on this, but I'm curious how far is too far? And is there a tune out threshold? I think it's really important to know that climate change is real. It's us. It's bad. But also that there's hope that there's a lot that's currently being done, and we need to do more. And we need to do a faster, but the future is largely in our hands. Sometimes I worry that if we talk too much about the crisis, and especially if we do it in a way that just scares the bejesus out of people or makes them think that it's inevitable, and that there's nothing we can do about it. That that's really a mistake because for one, it's not true. And for another, I think that fear alone is not enough to make people want to act. They need to know that there's something we can do about it climate change communicator, and author Susan joy hassle. Thanks so much for your perspective today. Sure happy to be with you. My name is Aletta Brady, and I am the executive director of our climate voices. I am originally from south Minneapolis. My name is Kia Johnson. I am the outreach director at our climate voices and I am originally from the east side of Saint, Paul are come invoices, is a use led storytelling platform that is humanizing the climate crisis. So what we do is we work with people to share their personal stories with climate change. How climate changes impacted them the facts are scary? Sometimes it gets to the point where sometimes you just kinda don't think there's anything you can do. And storytelling. Really humanizes. It, it connects us to climate change, and how it's impacting people climate change is not an issue if the future is something that's impacting us now. And so a big part of what we're trying to do is tell current stories about the ways that ourselves and our communities in our friends and people are being impacted it like right now. And so it's difficult to create change if we feel distant from climate change, you know, you talk about the glacier, smell. Team while they're on any glaciers right here. So we feel like that's really impacting you. So when you can see how it's actually impacting communities, an individual people, this is when you're inspired to take action. We really believe that everyone has a climate story. So whether you are dealing with homelessness and impacted by increasing heat waves, or, you know, in Minnesota year recreational things change skiing running because of weather patterns, like understand how it impacts, you personally, when human beings, we all have a right to nature. We all have it right to clean air, clean water to being outside and that, right? Isn't necessarily being honored for everybody for all communities, including my own community communities of color are more impacted by climate change as well as impoverished communities. And so I'm here to be that voice or, or help those voices be heard on so that those communities in what's happening in those communities that people see that. You look it up volcano, and it's really scary, and it basically wipes everything out. But then there's like this new opportunity for growth in a new environment. I really think that as communities as we fight against climate change and climate injustice, that we're almost seating for a new environment that can really grow and flourish. That's climate cast. I'm NPR chief meteorologist Paul hunter.
"fdic" Discussed on WTVN
"FDIC. Your ABC six first warning weather for today. Lots of sunshine out there drying, mild high of sixty eight right rain moves in mainly overnight, though. Forty eight percent rains and storms are likely throughout the day. Highest sixty seven eight is currently at beautiful sixty two degrees on your severe weather station. News Radio six ten WTVN. Newsradio six ten WTVN. Columbus's news, traffic and weather station. I feel bad for the people who watch us on Facebook. They get more. They get more than they pay for it charge them even. Welcome back on target. I'm doing today. The Elliott PD's my father Inc. Co owner failed system I left I like, John. He plays baby. Joe joe? Donna do the same thing. Yeah. Joe Joe plays song. I know. I know you feed those two I can't remember that one. This good team is to my right running the colder and our gunsmith sits to my far, right? Running aground of the week this week. I wanna let you tell the fine folks about them while the people on Facebook what? Okay, the gun the week fill. You like this is a revolver. Thank god. I can't believe I'm actually doing that. And it is a Smith and Wesson model three sixty survival kit, and I have to thank John because I was looking at this earlier this week that guy and all that stuff in there and come in on Friday, and John goes, hey, Ronnie, here's a cheat for that kit..
"fdic" Discussed on News Radio 920 AM
"FDIC. Watch the games top stars in action on tennis channel as they play. At one of the year's biggest events that BNP terrible open in Indian Wells, California debut live coverage now through March seventeen on tennis channel, check your local listings. Sharon. Clyde lewis. You're listening to ground zero. The numbers are called nine AAA six seven three thirty seven hundred that's triple eight six seven three thirty seven hundred so discussion with my wife over the weekend. Let us to talk about honesty between both of us on how we feel about the future. And even though a lot of what we were talking about was Dr we did have a lot of I guess a lot of discussion about how we see this happening. What what may be going on? And what we have look out for. We have we agreed that we're headed down the path of some intergenerational conflict with more than one quarter. We we found that one quarter of Americans believe that there will be political ideological battles between young and old. He used to be we respected our elders. Now, it's not that way the elders old they're irrelevant. And this is why we're seeing a change a shift ideologically and politically in this country, and they're the most pronounced at this time. With this further division. We're going to be right for the taking. And this is what is what is most troublesome is because. We as the older generation have always felt that you know, we're pretty much protected. We we are protected. The average American. Says well, we're we're living pretty good lives. We don't see any real sudden. Unexpected chaos on the horizon, there's always the threat of death and destruction in the world. And a lot of people would immediately. That they would immediately believe that everything going on in the United States just random the nothing's really planned out. There is certainly an organized conspiracy. But what is that conspiracy consists of is is it is it a conspiracy within the deep state is busily plotting against the United States is deep state conspiracy. Just plotting against Donald Trump is deep state conspiracy lives leaves US Open from World War. I mean, look, this is the case. That even though the United States feels like they're far removed from any of all the chaos that goes on in the world. We're right smack dab in the middle of it. Especially with the way, we are treating each other this company there, many people United States bit believed that when death comes knocking on the door of foreign countries. That's fine because it always comes knocking on the door foreign countries. And it's our duty to find a way to discourage you from spreading here in the United States. So what do we do we send guys over to fight all these wars? And we've seen so many victories with the smaller wars, we fought because the enemies we pursue a relatively weaker than we are. Sick and twisted problem. The United States of America today is our puffed up and egotistical political views, but are so myopic that we cannot see that our warlord. US foreign policy. Since the last administration was show horrendous. And we have not heard how Donald Trump or anyone's trying to patch up the mess. Even though we've seen him meet with people like Kim Jong UN and others. Now, even thinking that Kim Jong UN when he walked away from the toxin Hanoi. Basically what Baxter I building is missiles again. So it's hard to approach any of this. With a degree of objectivity or even positively because. With every war. We appear to win. We are kidding ourselves here in the United States. We would be strong enough as a people. Twist and a war from outside of our own country were warring with each other now in this country. The question is are we strong enough to withstand a nuclear conflict that we are we strong enough as a people to pull together if that happens. As many of the major powers are now planning for the possibility of such a conflict, we are acting as though the entire world cares about how we feel politically when it really doesn't care. The entire world is growing tired of watching the decline of our country. And the players know that a country that is politically divided is a country with no loyalty. So the hearts and minds of the people can be won over by philosophical proposal of world order. And that's where right now with the young people. They're ready for. Those who wish to be stubborn and decide not to participate. Well, they'll be left to fight for their own survival. Because it seems like the majority is growing for socialist views the idea of a panopticon police day, all this people. Call me and say, CLYDE, we should declare martial law. They don't even know what it means. Declare martial law. They wanted. People say they want war will wars what they're going to get it. That's what they're doing. I mean, we're fighting fighting fighting we want someone to cast the first stone make it okay for all us to step in and fight at the same time. They're waiting for that starting gun there waiting for that. I rock to be thrown there waiting for that first bullet. They contact with something. So they can all throw their hands in the air and run and scream and yell and cause riots and bring about the. The end of destruction..
"fdic" Discussed on KTRH
"An equal housing lender. Right. Member FDIC. I am not doing this on purpose. I'm not trying to string you along. I keep interrupting myself, I fully intend to have been done with the Cuomo stuff by now, I haven't even started. And there's not enough time to start and finish it now in the segments. I'm gonna go to the phones. And I promise that I'm gonna commit to opening the next segment with it. 'cause it's juicy doesn't matter. I don't think I could build this up too much. And have it not meet your expectations because it's. It's fabulous. It's just dynamite. But I don't have time to do it now. So we'll get to it immediately. Go back to phones. Fred in Cleveland. Welcome, sir. And I'm glad you held on. Hi, good day rush. I would like to get your thoughts on the abortion issue, and how for the past fifty or sixty years the Republicans have been afraid of the issue. And my question to you is the sweet irony of what is going on now. And I think in twenty twenty if abortion is an issue, which it will be Trump will win handily. The American people will not deal with the killing of live. Infants. And the Democrats have gone too far. Yes. But air blowing the election. Yes. But how many Americans have been told this? Rush. There a date and have the same law that New York just passed or similar, you know, don't quote me on it. But there are eight states in the US that have those same laws as New York half of the people in those states. Probably don't even know it. Worked for it will be forefront is my point. That is my point. We make the mistake of assuming that when we learn it the rest of the country is going to the rest of the country. Still doesn't know the truth of what happened to the Covington high school kids, the most of the country still thinks that those kids were the bullies and provoked the Indian most people don't know what the New York state legislature did. In virginia. The media is trying not to report that by focusing solely on Ralph northern black face period with his yearbook photo and so forth. The it. It is certainly when it is reported by the drive by media. There's no accompanying outrage. In fact, it's reported almost with applause as yet another advance in the ongoing battle against the strict right wing for a woman's right to choose. But there isn't in-depth ex when the Project Veritas videos came out the secret videos that recorded Planned Parenthood executives laughing and negotiating the sale price of dead baby body parts. They didn't pick that up. They immediately embarked on two things either ignore the Project Veritas videos or run hit pieces on James O'Keefe, the founder, and and grand poobah, but they did not report the substance. I I would venture to say that at least half the country doesn't know Planned Parenthood. Does that? So it's I I'm not trying to depress you I'm trying to just got to keep things in perspective. We have to media's in this country. Just like we have two tiers in the Justice system. We have we have a two tiered climate change operation. We've got the people that know it's a hoax and the people that well, both both sides. No one's a hoax. But one side knows. It's a hoax and is willing to lie to their supporters to convince them it's not. And the media sides with the people reporting a hoax is real not exposing the hoax. And so we just can't make the assumption that when something big and momentous like this happens that the American people are going to find out about the drive by media. Is not going to report on any of this in a way that is harmful or critical to the democrat party. They will circle the wagons and try to cover it up or misdirect.
"fdic" Discussed on WJR 760
"And we get what banking should be more importantly, we get you. We get that. You have a life priorities and hometown pry, we get that you have things that make you tick and things that take you off. We get what you want and need from your Bank. That's why we promised to think act and talk like real people who also have a life and share your priorities and hometown pride mercantile gets member. FDIC? So. Gene. Their song ever. Well, as you my guests, this place is absolutely packed here. But then if you give students free tickets.