I'm assuming at least in the case of Jamie Diamond and Brian Moynihan they're keeping quiet. I don't think that there's really, I understand exactly what you're asking because we would love to see that Warren Buffet by American I Am article come out from them or comments coming out from them. You can go back to 2008 where Buffet stepped in and both with his actions and his words provided support and comfort to the investing public. But from a political standpoint it's the smaller banks that have a lot more power in Washington with regulators.
Which one is Fed Chief Jay Powell weighing more in advance of Wednesday afternoon's announcement about interest rates?
(0:20) Bill Mann discusses: - The current state of play in the banking industry - Risks of trouble spreading to other industries - What Jay Powell is (probably) focusing on as he weighs the next decision around interest rates
(10:37) Alison Southwick and Robert Brokamp answer your questions about asset allocation, company spin-offs, and bond ETFs.
Companies discussed: UBS, CS, WBD
Host: Chris Hill Guests: Bill Mann, Robert Brokamp, Alison Southwick Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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