Their own studies show the main drivers of default are loan devalue, borrower credit score. Everything else is literally a rounding error. And so of course, the final doddfrank rules essentially abandon the things that actually drive default. And endless servicing requirements, again making it near impossible to foreclose. My opinion is the rule increased foreclosures last time around rather than decrease them. And the harder it is and the mission has nothing to do with financial stability. The mission is to use the the regulatory system to force prudent borrows to subsidize imprudent. We all knew the crisis was quite costly. It also will provide a cover for massive expansion and government powers. One minute. Im not even go i think to need that. So i would say and would say avoid financial cryises. I think a repeal is not enough. The presystem was broken. It was flawed. And to me one of the real flaws of doddfrank is it extends the precrisis system. The theme of doddfrank is, lets exp
Minerals for firms not only firms getting the actual hard commodities there, but also for firms well down the supply chain, who have no idea where the aluminum in the electronic parts came from. So i think its telling when a liberal law ultimately convinces the Washington Post Editorial Board that it was a bad idea, which they have come out against conflict minerals. Its time to revisit the motion all together of including immaterial disclosures in security laws. Both by legislative fiat and by the sccs own power. And republican and democratic chairmen have both been guilty of this. I think it should be a binding constraint on any rule making. And business round table stands for the proposition. How is a mandatory immaterial disclosure going to provide benefit to investors . None. By definition fails cost benefit analysis. We have ways to measure immateriality. Methodology that has gotten great in the last ten years. I think it should be a binding constraint, the same way for litigants
Disease in virtually all of the countries around the world. I was just impressed as i walked through the poster sessions at aaic how many of the posters were researchers from korea, thailand, china, japan, et cetera, who were coming here to washington to share their knowledge and their perspective on the disease. Its a global disease, for sure. Its not affecting western countries. I want to throw one more question in here which is in terms of having a National Plan and harnessing all of the different groups working on this from the Research Community to big pharma to universities, government, et cetera. Three years ago, the Obama Administration released a National Plan to address alzheimers and the goal was struck me as exceedingly ambitious. By 2025, so in ten years to be able to prevent and effectively treat alzheimers disease. Does that strike you both as realistic . Ten years . The way we look at it its an aspirational goal. We absolutely want to be there by 2025, and i think the e
I think it seems to me we all have agreement that we need to fix it, even within the department. And professor light, you made a comment that i think is very important, something im concerned with. We could work real hard, have all of these intensive negotiations, Everything Else, but it doesnt seem like its that difficult to me. I think that the money were spending now we need to come up with a simple fix. Not a 100 dollar saddle on a 10 horse. For those involved in this, keep it simple and get it done quickly. We need to get the Inspector Generals back to the point where they can do their job, a very important job that theyve done very well for many years. Thank you, mr. Chair. Before i ask questions i know that senator leahy has questions in writing to both panels. Expect that, and maybe from the other members that arent here. Whats the normal time that we wait . Up to one week well take questions for answer in writing. Youve all had a chance to read the oic opinion and hear the tes
Its staying on my agenda and im going to do everything i can to help america to become energy independent. Gearing up of a showdown, the french lower house approves the 2015 budget. Coming up, we ask the european Vice President if paris will face any punishment. No comment from pbnp paribas on reports that executives have been targeted in an Insider Trading probe. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And it continues to be the big story of the day. The bank of japan says a continued economic recovery is on track despite surprise data earlier this week that shows the country slipping into recession. The central bank kept its economic view unchanged as widely expected. Although one member of the board dissented. Speaking after the meeting, koroda said quantitative easing would continue until the 2 inflation target is reached. He injecte suggestions that the central bank should have refrained from further easing givenlg the delay i