Recommendations, and theyre in the process of doing them. Thats correct. We had informal discussions as well as the formal letter responding to our recommendations. Thank you, mr. Chairman. Thank you, mr. Chairman. I want to thank our two witnesses. Lord knows where we would be if we didnt have gao and Inspector Generals. The alarming malfeasance and incompetence of the rollout of this plan is just stunning. And here we are, you know, we cant just simply brush it off and say, well, this was a bad start, but everythings going great now. The cost to the taxpayer probably well never know. But thank goodness that we have your organizations providing us information and spurring on a seemingly bureaucratic nightmare that exists within the federal government in terms of handling these kinds of programs. Anybody in the private sector that had done this would have been bankrupt. Investors would have lost all their money. Its just stunning to continue to observe what it takes to get these agenci
Currently, it is down just slightly, but still the elevated levels hovering at just 26. Last week it hovered at 36 which gave some investors pause. The dow is down about 6 in august. The s p is off just about 5. 5 . The nasdaq is down close to 6 as well. Year to date, though, the nasdaq is actually the only major average that is positive by close to 2 . So far, this year. Certainly, a decidedly different trade for the nasdaq on the year. Biotech, some of the highflying tech is helping that. But a 2 gain can be fixed quickly as volatility continues. If its up 100, are we going to say its unchanged . I mean, its nothing, right . It was basically unchanged. 100 points, lets get the latest out of china. Overnight, the central bank injecting 220 billion. And now beijing abandoning the chinese stock market on largescale share purchases. Instead, the paper says chinese efforts will step up efforts to find and punish those destabilizing the market. The benchmark shanghai composite closing down
This is real money. You are the most important part of the show. Join the life conversations on twitter ajrealmoney. This was a huge week on capitol hill where decisions and discussions that affect the economy and your money again took center stage. Congress voted to increase the debt limit and extend the Borrowing Authority of the United States government to march 2015. Lawmakers pushed through the legislation ahead of a nasty winter storm that ended up shutting down washington, d. C. Failure to act, though, would have brought our economy to a grinding halt if the United States started to default on its debt obligations. So this may be the donothing congress at least on raising the debt seal, washington dysfunction did not get in the way. Americas economy and your prosperity are better for it. Americas economy was very much on the mind this week of janet yellen, the president s nominee to be the chair of the federal reserve. She was plain spoken and easier to follow than past fed chai
You are the most important part of the show. Join the life conversations on twitter ajrealmoney. This was a huge week on capitol hill where decisions and discussions that affect the economy and your money again took center stage. Congress voted to increase the debt limit and extend the Borrowing Authority of the United States government to march 2015. Lawmakers pushed through the legislation ahead of a nasty winter storm that ended up shutting down washington, d. C. Failure to act, though, would have brought our economy to a grinding halt if the United States started to default on its debt obligations. So this may be the donothing congress at least on raising the debt seal, washington dysfunction did not get in the way. Americas economy and your prosperity are better for it. Americas economy was very much on the mind this week of janet yellen, the president s nominee to be the chair of the federal reserve. She was plain spoken and easier to follow than past fed chairs. For homeowners a
This is real money. You are the most important part of the show. Join the life conversations on twitter ajrealmoney. This was a huge week on capitol hill where decisions and discussions that affect the economy and your money again took center stage. Congress voted to increase the debt limit and extend the Borrowing Authority of the United States government to march 2015. Lawmakers pushed through the legislation ahead of a nasty winter storm that ended up shutting down washington, d. C. Failure to act, though, would have brought our economy to a grinding halt if the United States started to default on its debt obligations. So this may be the donothing congress at least on raising the debt seal, washington dysfunction did not get in the way. Americas economy and your prosperity are better for it. Americas economy was very much on the mind this week of janet yellen, the president s nominee to be the chair of the federal reserve. She was plain spoken and easier to follow than past fed chai