Expire on the 21st the temporary patch allows banks to exclude ultrasafe assets, u. S. Treasuries and the fed fund their Balance Sheets this is important in preserving Bank Liquidity and since the fed cant go bankrupt and the treasury never failed to meet its obligations. We all agree the economy is in need of fiscal and monetary support. They say the banks should be doing more to help the workers and our broader society. But they cant do that when we are tying their hands with excessive and challenging Capital Requirements it would appear congress is going to create even more financial flooding, flooding the economy with 1. 9 million in new money banks will have to hold capital against as soon as the treasury starts writing the checks my question is, would you agree it makes sense to seriously consider extending the slr exclue, given the failures congress are taking to facilitate our economy to recovery so i do think the slr exclusion. I know it expires at the end of march. We havent
Which will show you how much time is remaining. For all senators the fiveminute clock applies for your questions and 30 seconds remaining youll hear a bell ring to remind you your time is almost expired. It will ring again when your time has expired. If there is a Technology Issue, cameron and charlie who are very good at this will fix it. But well move to the next senator until any Technology Issue is revolved. To simplify the speaking process senator toomey have agreed toor past. We heard from our witnesses the challenges and struggles americans have faced over the past year. Anyone who has been doing their jobs has heard these stories. Front line workers like transit workers who we heard from last week go to work every day worried theyll get the virus on the job and bring it home to their families. Mayors and Community Commissioners and Community Leaders wonder how long they can hold on without starting layoffs. Renters see their bills pile up watching their Bank Balances dwindle lo
Reminders, once you start speaking there will be a slight delay on the screen. Please click the mute button until it is your turn to ask questions. You should have one box labeled clock will show you how much time is remaining. The fiveminute clock applies for your questions and 30 seconds remaining, you will hear a bell and it will ring again when your time has expired. If there is a Technology Issue, we will move to the next senator until any Technology Issue is resolved. Senator toomey and i agreed to go by seniority for this hearing as we have in the past. Senator brown renters see their bills pile up and Bank Balances dwindle wondering if this is the month that an eviction notice is posted on their door. More than four Million People are out of a job. We are still fighting the coronavirus. Nearly 500,000 of our fellow americans have died. We know we are facing two cries ease, a Public Health crisis and financial crisis. We know getting our economy back to full strength requires mo
They built a full scale 3 d. Model of the black hole. Show its same prong. But all roles just dont hold. Any new world yet to shape out these days to come to advocate and engage with equals betrayal. When so many find themselves worlds apart. Just to look for Common Ground. This is boom bust the one business show you cant afford to miss im rachael love and in washington coming up how split tells the Chinese Government it doesnt hard to buy for the u. S. But just how much data are todays cars collecting from their driver all the stuff. Under the direct threat of u. S. Sanctions austrias top willing jobs company is standing by its word on the nordstroms your pipeline and telling washington to stop threatening your friends. The rest of the world cheers and place and the Federal Reserve ready to embrace it saying its ok its right now is on getting americans back to work we have a lot to get to so lets get started. Tesla is back in the spotlight as china moves to restrict the use of the com
This will minimize services while members are asking questions of our witnesses. The staff have been instructed not to meet members, except when members were not recognized. Members are also advised they may only participate in one remote conversation at a time. If youre participating today, please keep your cameras on and if you choose to send to a different remote proceeding, turn your camera off. We will make an exception and members from texas will participate without their video function, as they are experiencing Power Outages that prevent them from having their videos working. The members wish to be macro wish to be recognized, please identify yourself by name to facilitate the recognition. I will also ask that, given the nature of the committee, with we move the business virtually. So, this hearing is entitled gamestop, who wins and loses when shortsellers, social media, and hedge funds collide. Three minutes for an opening statement. Good afternoon everyone. We will examine the