Can be accomplished [ inaudible ]. Why dont you go ahead and take it. So let me first say, i think you touch upon an important observation about too big to fail which so much relies on the discretionary decisions of government and government decision makers, whether it is the d. O. J. Or the s. E. C. There is nothing about too big to fail economists. It is by political decisions and of course when eric holder goes before congress and said that somebody is too big to jail, that reinforces that perception. And on the data point, so again i would start with data can be suggestive as best and during the crisis we saw suggestive data that the funding advantage for the largest institutions had expanded and yes that has contracted but in my opinion you would expect that to contract post crisis. I think you could compare the funding cost today versus precrisis over time. People forget before the crisis, say in 2006, the largest banks paid more to borrow than the smallest banks. It was complete
The speaker pro tempore on this vote the yeas are 242. The nays are 175. The resolution is adopted. Without objection, the motion to reconsider is laid on 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. Those in favor say aye. Those opposed, no. In the opinion of the chair, the ayes have it. The journal stands approved. The gentleman from california is recognized. Mr. Speaker, i ask for a recorded vote. The speaker pro tempore a recorded vote is requested. Those favoring a recorded vote will rise. A sufficient number having arisen, a recorded vote is ordered. Members will record their votes by electronic device. This will be a fiveminute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedca
Every dollar that a main street business has to invest in lawyers and accountants to explain this gibberish is taken out of workers wages and capital investment. Is it any wonder that our economy is limping along at 2 Economic Growth, 47 below is an norm . Third and perhaps most ominously doddfrank has made as less free. We are losing not only are Economic Freedom we are losing our Political Freedom as well. Today americans are less and less governed by the rule of law and more and more governed by the discretion of regulators. It is osha not congress that governed the Workplace Safety. It is epa that governs our air quality. It is hhs now not congress the covers over health care and most alarmingly to Economic Opportunity and economic liberty it is not a bureaucratic progeny of doddfrank the rules abroad Financial Markets. John macy was most present wind up quote law class that provides people with the rules. Doddfrank is not directed at people. Its an outline directed at bureaucrats
Nuclear related sanctions as the grounds to cease performing. But they are clear, and we are clear, that we have all other kinds of authorities. And let me be specific on that because it is important for this whole debate to be clear. Even with the lifting of sanctions after eight years of missiles or five years or the u. N. Sanctions, it is only the u. N. Sanctions. We still have sanctions. Our primary embargo is still in place. And, i might add, for those things that we want to deal with in terms of their behavior, for instance, has below, has below hezbollah, prohibits the transfer of any weapons to them. That will continue. Mr. Flake i think we got that. I just want to make sure that if we say, ok, what was effective on iran . The sanctions on the central bank because it is more difficult for russia and china and other actors to help them upgrade the sanctions. If we decided we want to impose penalties to deter them from terrorist activities, and reimpose sanctions on the central b
Park. The weight and the long lines to get in, worth a pretty penny to don the lawn and catch what is becoming one of the most popular outdoor Music Festivals in the United States that. You cant go more. Elton john like eads, gold were kids some people like this guy racing through the crowd to sneak in we have officers everywhere and plainclothes officers reporter the event the trespasser was eventually caught and a special chip embedded in the wristbands also putting scalpers out of business before we would have 20 or 25 scalpers out there trying to sell the bands that now we found two the outfits imaginative. People from all walks of life creating memories its fun to get with my boys right here and we have a great time and you see all these amazing people in the atmosphere is totally amazing reporter the innocent friend malls are on stage as we speak and Sir Elton John will take the speed take the stage tomorrow night. Live in San Francisco philippe took all. Reporter elton john, tha