To ai. Thank you, secretary, for joining us. We know this is an extremely busy period here for you, and we are really honored to have you. We are here to talk about mdis in the wake of Silicon Valley bank and mdis and investments of interest, to say the least, for the biden administration. Maybe just for context, can you give us a hint of the range of programs up to this point that have focused on mdis at the Treasury Department, just to sort of set the stage . I think we are losing your we have it now. Wally it is good to be with you. Let me start by saying thanks to chris and nicole for your leadership and to the nda for being such a great partner with the Treasury Department over the last couple of years with the Biden Harris Administration. I will start by saying mdis and cfis have never been better positioned than they are today largely because these largely because the leadership of these institutions have done a tremendous job in preparing them to both lend to the communities th
Silicon valley bank and Signature Bank collapse. S. The hearing took place before a House Financial Services subcommittee and runs about 90 minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for a brief opening statement. Mr. Huizenga congressional oversight a a constitutional authority, used to maintain the well being of government. This is a lesson i learned from my fellow congress sorry, weve got to make sure we get the timer going. There we go. This lesson of oversight was something that i learned from someone who is considered the lion of the house, john dingell. He was still in congress when i first came here and he taught me a couple of things. One, he called it the tyranny of the vote. Didnt matter who you were with, what you were doing, what was happening or where you were. When they rang the bells we had that time to go to the house floor to vot
Minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for a brief opening statement. Mr. Huizenga congressional oversight a a constitutional authority, used to maintain the well being of government. This is a lesson i learned from my fellow congress sorry, weve got to make sure we get the timer going. There we go. This lesson of oversight was something that i learned from someone who is considered the lion of the house, john dingell. He was still in congress when i first came here and he taught me a couple of things. One, he called it the tyranny of the vote. Didnt matter who you were with, what you were doing, what was happening or where you were. When they rang the bells we had that time to go to the house floor to vote. The other was, our constitutional standing, our obligation, frankly, of oversight of administration. And he was an expert at that. Didnt
Democracy. Watch video on demand any time online at cspan. Org. And try our points of interest feature, a timeline tool that uses markers to quickly guide you to news worthy and interesting highlights of our coverage. Use points of interest any time online at cspan. Org. Michael cn official at the Government Accountability office, testifies on his agencys review of now Michael Clements testifies on his agencys review of the Signature Bank and Silicon Valley bank collapses. This runs about 90 minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for mr. Huizenga i would like to take five minute heres far brief opening state. Congressional oversight is a Constitutional Authority used to maintain the well being of our system of government. This is a lesson i learned from my fellow congress sorry surt the timer going. There we go. This lesson of oversight was so
Right now at 11 00, illegal sideshows in the suburbs, these wild and reckless are now taking over intersections in our smaller cities. Were talking Mountain View, palo alto, all of them over the weekend. That has a lot of people concerned. Nbc bay area is Jocelyn Moran is in Mountain View. It is becoming much more common that you just dont expect. Reporter one of the sideshows from over the weekend happened here in Mountain View. You can still see some of the tires skidmarks here tonight. Police say the cars took off shortly after they got here and that one person was hurt. Sideshow after sideshow, in Mountain View police say it happened shortly before midnight on saturday night on bernardo avenue and east middlefield road. Video shows at least 100 people looking on and drivers and their cars with passengers out the window. 120yearold woman from pittsburgh broke her ankle. In palo alto, a similar sideshow, tonight on page bill road and coyote hill road, tires skidmarks and several circ