Its. Next, testimony from financial regulators on oversight and other issues including Digital Currency, banking liquidity rules and the impact Climate Change could have on the financial industry. Held by the Senate Banking committee this is an hour and 40 minutes. [inaudible background conversations] this meeting will come to order. Today will receive testimony from the honorable randall orosz, Federal Reserve vice chairman for supervision. The honorable eleanor mcwilliams chairman of the ftse and the honorable rodney hood chairman of the ncua. Welcome to all of you. This hearing provides committee an opportunity to examine the current state of and recent activities related to regulatory and supervisory activities of these agencies. Its been over a year now since the enactment of s 2155 Economic Growth regulatory relief and Consumer Protection act and the work of the agencies to implement most of the laws provision. Your agency should also carefully review the existing supervisory fra
The speaker pro tempore on this vote the devil rayr yeas are 228 on this vote the yeas are 228. The nays are 198. The resolution is adopted. Without objection, the motion to reconsider is laid upon the table. Pursuant to clause 8 of rule 20, the Unfinished Business is the question on agreeing to the speakers approval of the journal which the chair will put de novo. The question is on agreeing to the speakers approval of the journal. So many as are in favor say aye. Those opposed, no. In the opinion of the chair, the ayes have it. The journal stands approved. Pursuant to House Resolution 695, House Resolution 661, and the House Resolution 693 are considered as adopted. For what purpose does the gentlewoman from massachusetts seek recognition . Mr. Speaker, i ask unanimous consent that i may hearafter be considered as the first cosponsor of h. R. 1915, a bill originally introduced by representative cummings of maryland for the purpose of of adding cosponsors and requesting reprintings pu
As warren buffet called it use weapons of mass financial destruction so there instead of just trying to be a conduit from the central bank to main street they are saying that we are going to abuse our role as intermediary to coerce you to. Reward us with huge rewards of cash that well then pocket and not circulate in the economy and this is a problem thats gotten worse and worse we saw it in the 2008 crisis where hank paulson went to washington and got the tarp money and we didnt get it the 1st day he instructed his minions on wall street to crash the stock market the next day they did it again abusing their role as Market Makers to weaponize that role. All and then the next day Congress Gave them the 750000000000 which became now 16 or 17 trillion. And so the ability of bankers who have weaponized intermediary Market Making products to cold worse government and to have the media on their side to bankrupt the economy has led to now a situation of extraordinary duress so what hes saying
S p up s p up and the dow indicated up look at what happened overnight in asia. The nikkei opened up in europe where there is active trading, youll see green ar owes across the board. The ftse was up more than half a percent. Youll see at least the 10year is yielding 1. 8 big news, weworks board now weighing two competing Financial Rescue offers. Expected to accept an offer from softbank to take a controlling stake in the company the decision could come as err will early as today the are rescue package from sofk to buy up to 3 billion in shares held by other investors they would also put together 5 billion in loans sources say theyll pay the founder adam neumann up hundreds of millions to leave you are paying him twice. Hes the only one who has made money on this deal. Meanwhile, theyll begin layoffs almost immediately of almost 2,000 people. One of the reasons they delayed the layoffs is they couldnt afford the severance youll wait here for adam neumann to go home im told that will ke
Francine welcome to bloomberg surveillance. These are your markets. A lot of focus is on the Corporate News and a lot of the focus on the data we have from the u. S. European stocks are pretty much unchanged. Technology stocks are better than expected. But some of them are still disappointed. If you look at it, a lot of it is stock by stock. Eurodollar at 1. 1134. And then you can see the pound at 1. 2428 after jeanclaude said no. Coming up, right here, we hear from the renault chief executive. That interview in around 15 minutes from now, plus, we speak to the u. S. Secretary of state, and later on, to the starbucks chief executive. All of that coming up and much more. Lets get straight to first word news in london. Governments need to pitch in with fiscal measures if conditions in europe keep deteriorating. That is according to mario draghi. He signals more monetary support in september buts comments suggest the central bank is getting close to the limits of its power. The outlook is