We always like to say we do believe by golly its time to do news again. Greetings and salutation. I too am america. Its more than a popular poem from Langston Hughes its a plea for america to open her eyes and finally see black people as citizens worthy of protection and rights instead of a group to be tried it on from slave shackles whipping rape and government sanctioned family separations to reconstruction redlining restrictive covenants and Police Brutality make no mistake the path for blacks in america has been one of disrespect inhumanity high risk and a daily struggle to survive after 400 years of oppression blacks remain optimistic hopeful and filled with the desire to make this nation live up to its creed juneteenth is one of the most important american holidays that you probably never heard of despite claims from President Trump that he made this. Interesting expression of columbus saying in real time on his part but know much like everything in circling the black experience
When the time comes, after the crisis has passed, we will put these emergency tools back in the tool box. I would stress that these are lending powers, not spending powers. I will also note that we design our facilities to work for broad ranges of businesses and municipalities. We do not target particular firms or industries. Elected officials make decisions about where to direct such target relief. The cares act and other legislation provide direct help to people, businesses, and communities. This direct support is making a critical difference. Not just in helping families and businesses, but also in limiting long lasting damage to our economy. Public faith in our operations depends on transparency. If the fed were committed to that, particularly in deploying our emergency powers. Thank you. I look forward to our questions. Thank you very much, chairman powell. I now recognize myself for five minutes for questions. As i mentioned in my opening, the pandemic is strengthening and so, to
A bipartisan letter urging for delay in implementation. Every entity both banks and nonbanks which were not included in the cares act on the same footing can conduct the study with real life se narp owe that we had going today. Given the actions by congress, should we delay as i and my colleagues have called for and should the treasury examine the real life scenario we have gone through when kwuki inconducted study. I think that should be considered we are working on the study. The president issued an executive order with regards to each agenc looking at the rules, regulations that were waived, declined or whatever if they dont work now, why should we continue them down the road when we get out of this mess i assume everybody is doing that this accounting principle would fall in that area of we need to be looking at this as something down the road. I would agree thank you appreciate that. Theres a time and place for rules and regulations and a time and place that are nonfunctioning whe
Hopeful and filled with the desire to make this nation live up to its creed. Juneteenth is one of the most important american holidays that you probably never heard of despite claims from President Trump that he made this interesting expression of columbus saying in real time on his part but know much like everything and circling the black experience in this country juneteenth was torn from the pages of history books used to sanitize the black experience for american consumption and white comparability juneteenth is black folks Independence Day it commemorates the ending of slavery in the United States it was on june 19th 1065 that Union Soldiers landed in Galveston Texas with news that the civil war had ended and the enslaved were finally free in 2020 this is still called a takes on a new meaning the past is repeating itself the lynchings vigilante justice and the disregard of black bodies and lives removing the images of from syrup and uncle bin from rice isnt enough the streets are
Aid package in congress. The House Financial Services meeting is just over two hours. The i plan to continue the hearing if votes are called. Both of you have agreed to be here for two hours from the start of the hearing, and i thank you. The chair is authorized to declare recess of the committee anytime. The members and arresting those witnesses to the First Full Committee Hearing conducted by the committee on financial services. As the congress breaks new ground with these hearings, i want to remind members of the two matters including some required by the regulations accompanying the House Resolution 965 which established the framework for remote and hybrid committee proceedings. First i would ask all members to keep themselves muted when they are not being recognized. Members on the platform owner responsible for meeting and amusing themselves. The staff has been instructed not to mute members. Members on the platform are reminded they may attend one hearing at a times if they were