Wealthy, it was structured to make American Society homeowners. And now were in 2013, and its only the wealthy who have access to the conventional market. And we need to be much more aggressive about thinking through one of the appropriate measures to use such that the governments backstop, whether its fannie or freddie or private institutions, actually serve a public purpose which is to build Home Ownership across the income and across the racial spectrum in america. You know, im not as intelligence at the three of you to be able to remember all six questions david asked [laughter] thats why were answering just one. But i think your question was, you know, with Interest Rates rising, is that going to create any urgency . I dont think it creates urgency around gse reform. Rates are still incredibly low, and even if they go to 5 or 5. 5, its historically low. So i dont think that impacts affordability tremendously. It certainly impacts the monthly payment. I dont think thats going to ha
Few minutes explaining some of the implications of all of this. But here i am trying to get across the notion that the data factory benefits from unpaid contributions from lots of people and hear, to give the sense that the data factory is actually selling a whole bunch of services, that most importantly allow the purchases of those services to make money for themselves. But you can see now how powerful the position of these data factories has become. So, here is one example in this is the only example that i will give you of unpaid contributions but think youtube, think yelp and think of a whole bunch of other services and at the same precise thing. Linked in about a year ago started to beef up its content effort and invited different people around the world to contribute content. If these werent ordinary people. Among the contributors are bill gates and the president and other people like jamie dimon, head of jpmorgan. They are all contributing content to linkedin for free. The resul
Image, season two. This week, Lady Bird Johnson to roslyn carter. And highlights weeknights at 9 p. M. Eastern on cspan. Leaguenational consumers held a daylong conference earlier this month in washington dc that focus on Identity Theft and data security. The discussions from that conference. It deals with how Identity Theft has evolved through the years as well as what consumers can do on their own to protect their personal information. This is an hour and 20 minutes. Thank you. Im rob pegoraro, or so you have been led to believe. Lets why dont you all introduce yourselves briefly, explain how you get to this issue and well get to it . My name is andy bonillo, im from verizon, director of cybersecurity and public safety. At verizon, we handle hundreds of data breaches for our clients around the world and we have this unique position where we get to see what happens when security fails. So as we are traveling around the world investigating crimes that leads to ultimate data theft and w
The off of that, do online banking. Sure, yeah. Does that make you 100 ask you are . Because the bank could have a data breach . Right. Right. Heck of a lotou a more security than almost everybody else . Absolutely. There there are keys to be taken. Yes. Nswer to each one is it is valuable. We play a role in protecting data. At it on a broader level, it revolves around the criminal. Anything we can do to a, protect urselves and also give assistance to Law Enforcement and their efforts to try to really his crime stretches, right. Every data breach we read on the news that result in the identity back to the street in some level. If you report something that happens to you, then law take action, n eventually, that all kind of adds up to give Law Enforcement kind of and ion on leads to work off of. Gonzalezsf initial ape rest was in new jersey or new york. Everything goes back to being on street. We quick that its hard to demystify cyber, right . Put a face to cyber. Being conducted by rea
Large group of individuals. We are not fighting, at least that are affecting the Payment System when we talk about Identity Theft, it is a very small number. It is not a large group of individuals. It is those that have honed their skills. Can you give a number on that . I would like to not. Because i dont want to give any kind of indication to the criminal. At the end of the day i would say it is less than a few thousand, if you will. But that is important to understand because i can his team and Law Enforcement are having successes every year, we focus on but i think we understand the importance of that one or two arrests a year of that highlevel criminal because we dont truly understand what it means. And we look at data breach statistics i could map from 2008 until now changes in the statistics and the methods of the bad guy and how they have to attack organizations and their shifts and the cat and mouse game every year in the data Breach Report that we produced. There are statisti