Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United S
Not credible, thats a problem. I know youre in the process now. Do you have any idea what the time frame might be when youre nto the Second Chance . So last year working jointly sent very detailed evaluations the living wills to the firms. And directed the firms to take action to improve their resoveability that were quite specific. And quite detailed. Weve received those plans. Were evaluating them jointly with the fdic. And we will be making decisions in the coming months. The time of the gentleman has expired. The chair now recognizes the gentleman from michigan,. Thank you, mr. Chairman. I am happy to rescue you from the hostile questioning my democrat friend over there. Dont take it personally. He is that way with everybody. But i do actually want to kind of follow on on something that he had point of interest and frustration for a number of us speed g to do with the or lack thereof where there has been some very specific things that were laid out for the fed to do and specificall
Essentially what this is is an automatic override that will enable the train to stop if necessary. Amtrak officials calling it an added layer of safety along the northeast corridor. Over the weekend, the railroad activated its positive train control system on its route between new york city and philadelphia. The system is an automatic speed control system that will automatically apply brakes when a train goes over the speed limit. Last may eight people were killed and 200 injured when an amtrak train bound for penn station derailed in philadelphia traveling 106 Miles Per Hour, more than double the speed limit. After the derailment Congress Mandated that all have the system in place by the end of this year. Congress ended up extending the commuter railroads complained that logistical challenges would make it difficult to implement the technology quickly. To know where every single train is on every inch of our network, this is as fast as we can go. Metro north and new Jersey Transit exp
Fights in washington often involve big binary questions about the future. Axis, war and peace, healthcare. Some washington fights go on below the public radar but carry with them the ability to explain a lot about how the u. S. Government works and how the tugofwar between the political schools of thought go on. Well look at the debate over the export Credit Agency, the Exportimport Bank of the United States. What its for, how it works, and whether it should continue to exist at all. More Small Businesses are selling their goods abroad more than ever before. Nearly 300,000 last year alone. We should be doing everything we can to excel rate this process, not stall it. A little known Washington Agency topped president obamas weekly address saturday. The Bank Provides loans and insurance to foreign purchasers of u. S. Products. It gets Companies Like boeing to get more Foreign Companies to buy their planes. And it helped solidify a deal between caterpillar and australian mine company. But
Hello, im ray suarez. Fights in washington often involve big binary questions about the future. Axis, war and peace, healthcare. Some washington fights go on below the public radar but carry with them the ability to explain a lot about how the u. S. Government works and how the tugofwar between the political schools of thought go on. Well look at the debate over the export Credit Agency, the Exportimport Bank of the United States. What its for, how it works, and whether it should continue to exist at all. More Small Businesses are selling their goods abroad more than ever before. Nearly 300,000 last year alone. We should be doing everything we can to excel rate this process, not stall it. A little known Washington Agency topped president obamas weekly address saturday. The Bank Provides loans and insurance to foreign purchasers of u. S. Products. It gets Companies Like boeing to get more Foreign Companies to buy their planes. And it helped solidify a deal between caterpillar and austra