I welcome back, chair paul, it is nice to see you at least hoist a year, for the economy to truly deliver security opportunity for American Workers, we need plentiful job opportunities, we need high wages, we need low prices. Prices are the current problem that has been decades since workers had all three at once. No matter what goes wrong in the economy whether, its a faction crisis or bank failure, whether its supply chain turmoil or other market Chain Disruption working people always pay the price. Corporations, somehow, reach the process. Financial profits go up. Mass unemployment, profits go. Up global pandemic, profits go. Up war in europe, profits go up. Increasing energy, profits go up. When supply chains ground to a halt when russia invaded ukraine and the economy reopened, demand surged everywhere at once. The rest of us saw problems to solve. But in many corporate boardrooms, executives instead saw an opportunity. For the largest multinational corporations, inflation has bee
[background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appalling and abhorrent behavior at the fe
During three and half hour hearing. [background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appall
Was set to take off, but the gravitational pull of reality kicked in. So the big question, of course, is what happens next. Weve got daniel shay robli n to help you with that. And, of course, whats the difference between solvency and liquidity . If ill ask economist Julia Coronado on how much longer america can keep up this mindless spending. Meanwhile, bank shares are higher, ill have Eric Najarian if the crisis is over, whats going to happen with the Smaller Banks. And the most dangerous time the world has seen in decades according jamie dimon. Ill ask Brad Hirshfield how he sees it, this ugly, ugly period. All that and so much more on making money. Charles so scanning the skies around the planetted today, we can see the impact of one of mankinds greatest inventions, talking about the rocket. It has changed the course of history, and it can be used, of course, for evil as russias doing in ukraine. A source of security as israel is attempting to do as they seek out terrorists in gaza
Moan through lasko. I thank the San Francisco port for partnering us with today. Lafco and the important work that we do is largely unknown outside of city hall. So we want to take this opportunity today during the San Francisco climate week to en gaming a wider audience about our work. Im really grateful for you to be with us and to see fashion and innovation that there is in our city to find solution to the climate crisis. I have to say for a long time, work of lafco was caught in a debate whether or not San Francisco should have a cleaner al na tiff. Thankfully the debate has been settled and what many enjoy today is run by the San Francisco Public Utilities commission, is now successfully serving over 400,000 customers are cleaner energy and affordable rate than pgne. To help clean power sf cleaner goals including clean banking that we will hear more about later today. Lafcos authority is to do these studies Municipal Service review and thats really a, you should know that lafco in