Mnuchin: ‘Real agreement’ with China in the works

(3 Dec 2018) Treasury Secretary Steven Mnuchin says there is a “real agreement” in the works between the U.S. and China on trade and other issues following President Donald Trump’s three hour dinner with President Xi Jinping in Argentina Saturday night. (Dec. 3)

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Warren Buffet Calls Lehman Brothers Collapse An “Economic Pearl Harbor” (HBO)

When Lehman Brothers declared bankruptcy ten years ago on Friday, the question on everyone’s minds was simple: “Who’s next?”

If a pillar of Wall Street worth hundreds of billions of dollars just months before couldn’t be trusted with the public’s money, then nowhere was safe. Panicked investors rushed for the door, banks refused to lend to each other, and money market funds began to collapse.

“I describe it as an economic Pearl Harbor,” Warren Buffett, the legendary investor of Berkshire Hathaway, told VICE News. “It was something we hadn’t seen before. Even the 1929 panic was nothing like this. I mean, the system stopped.“

Buffett had a front row seat to the global crisis even before the Bush Administration took up the struggle. He had been approached by Lehman’s CEO Dick Fuld for emergency capital earlier in the summer, and after it failed, he found himself courted by other teetering investment banks desperate for capital. His $5 billion investment in Goldman Sachs saved the firm, and netted him billions.

He credits the Bush administration, led by Treasury Secretary Hank Paulson, with helping to prevent a second Great Depression. “When they realized the gravity of what was happening, we were having a run on the United States, maybe a run on the world, they stepped up,” Buffett said.

He’s not convinced, however, that the financial community’s takeaway from its brush with financial Armageddon will prevent future disaster. “Humans will continue to behave foolishly and sometimes en masse. And that doesn’t change. We get smarter but we don’t get wiser,” Buffett said.

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US, EU First To Tackle Steel, Aluminum Tariffs

(26 Jul 2018) Treasury Secretary Stephen Mnuchin says addressing steel and aluminum tariffs and counter tariffs will be covered in the first phase of new negotiations between the United States and the European Union. (July 26)

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US Tightens North Korea Shipping Sanctions

Treasury Secretary Steven Mnuchin announces that the Trump administration is hitting more than 50 vessels, shipping companies, and trade businesses with sanctions in a bid to turn up the pressure on North Korea over its nuclear program. (Feb. 23)

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Find the 45th President of the United States Donald Trump’s latest press conferences, announcements, speeches and highlights here: https://www.youtube.com/playlist?list=PLnwt1fUa-EVgihKJ_26XtMdmGDOmABAAa

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VICE News’ ‘FOIA Terrorist’ Jason Leopold Testifies Before Congress

VICE News investigative journalist Jason Leopold has used the Freedom of Information Act to break stories on hot-button issues. He was asked to testify before the House Committee on Government Oversight and Reform to discuss the law’s dire need of reform and problems with compliance.

The two-day hearing included testimonies from five journalists, five members of transparency organizations, and FOIA officials from the IRS, Departments of Justice, State, Homeland Security, and Treasury. Several members of the Oversight Committee, including Chairman Jason Chaffetz, said they will draw up the testimony to improve a FOIA reform bill making its way through Congress.

Watch “On The Line: Jason Leopold Discusses Uncovering Government Secrets” – http://bit.ly/1GhEKuk

Read “Releasing Osama Bin Laden’s Porn Stash: The Public’s Heroic Battle with the CIA Continues” – http://bit.ly/1QrS0oj

Read “The FBI Discussed an ‘End-Game’ for a US Citizen Killed in a Drone Strike” – http://bit.ly/1QrSn20

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