Testify on the stability of the Financial System. You are watching live coverage, here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in our Community Clean it up. That is what fiascoes boil down to. It leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Manage
Over much of the past three decades, i have been an investor. The highest calling of mankind, ive often thought, was private equity. [laughter] and then, i started interviewing. I watched your interviews, so i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] Thomas Buberl is the ceo of the axa, one of the Worlds Largest Insurance Companies. I sat down with him to talk about the risks facing global insurers, particularly the war and Climate Change. Explain to people who are not familiar with Life Insurance or Health Insurance or any kind of insurance, what is the main business. It is to underwrite what the risk is, make a profit
Here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in our Community Clean it up. That is what fiascoes boil down to. It leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Management. And Small Businesses all over the country worry about how they can make thei
Decades, i have been an investor. The highest calling of mankind, ive often thought, was private equity. [laughter] and then i started interviewing. I watched your interviews, so i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] Thomas Buberl is the ceo of the exhibit, one of the Worlds Largest Insurance Companies. I sat down with him to talk about the risks facing global insurers, particularly the war and Climate Change. Explain to people who are not familiar with Life Insurance or Health Insurance or any kind of insurance, what is the main business. It is to underwrite what the risk is, make a profit on the premiums you charg
Ive often thought, was private equity. [laughter] and then i started interviewing. I watched your interviews, so i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] Thomas Buberl is the ceo of the exhibit, one of the Worlds Largest Insurance Companies. I sat down with him to talk about the risks facing global insurers, particularly the war and Climate Change. Explain to people who are not familiar with Life Insurance or Health Insurance or any kind of insurance, what is the main business. It is to underwrite what the risk is, make a profit on the premiums you charge and take those premiums and invest and do well on the investment