There are an array of options and that is certainly one that is there. We are going to turn to membership for questions. Im told to remind you it is on the record. We ask you wait for a microphone. It will bring it to you. Speak directly into the microphone, stand stand up, tell us your name, affiliation and limit yourself to one question. Lets start over here with this gentleman. Hello. My memory on this may be hazy, but i was on the defense policy board at the time of the earliest crises. Somehow or another at the time the cold war was ending they made it possible for some of their records to be made available to us. One of the things i was surprised, for those of us who saw the records, where it took about a year to persuade the russian and chinese to get into this. They were very much afraid of the american response and they didnt want to go to war with america again. That was certainly an opening. I should back up and say, it was my opinion then that we simply had to send a person
Corridors and they were confident they would get the must be back because i said what are you presuming for the number of healthy subscrapers under age 30 . Well, a third of our subscribers will be young and healthy. And i said you know what are you guys smoking . Thats not going to happen. Whats going to happen when it community . Well, well lose money and the government will make it up to us. This was set up for failure from day one. The Insurance Companies knew it was going to fail. They released a product that was underpriced that could not make money. So mr. Morrison, when you talk about it being not capitalized properly, would you agree with me if the coops made money we wouldnt be having this discussion . You dont need more capital if you start with x and you make money. Isnt that just fundamental common sense . I would agree with that. So and all the companies lost money. So were here because obamacare was set up for failure. It was set up to encourage low premiums, to deceive
Year. At this time theyre recognizing. I would like to thank the witnesses for sharing their insights today. 2011 i led a resolution welcoming the independence of south sudan, and urging that its leaders address some of of the long standing challenges in order to put them on a path towards longterm stability. And just three years down from the date of the referendum, as you mentioned. Secretary, deeply dispinted by the senseless violence, by the rapidly expanding political challenge in south sudan. A thorough engagement. Ambassador booth is showing and for our ability to step up to the plate quickly. And start, if you would for me, secretary, with just a quick summery as to why south sudan matters to the United States. Why this crisis matters to people of the United States. Thank you for that question. For 30 years the United States has been supporting the people of south sudan. For south sudan became an entity. Supporting the right to exist. The right to freedom of religion. And their
To move toll be able the secondary market more ably. For firsttime home borrowers, i agree with ann. I feel the baby be cultivated so carefully has been thrown out of your bathwater responsible lending that took over the markets. I do not think we have to look find botho experience, underwriting guidelines, demonstrations that would give us a good roadmap on how to increase access to credit to firsttime homebuyers. The sooner we get to that, the better the sooner the country will be served better. You went over the history of the bubble and subsequent crash and how we came to this was edition. Experienced the bubble and crash again. We plan to monitor unintentional consequences. For theclear variable congress perspective is that home prices are rising. It is good for the economy. There is a negative side. We want we do not want to have to wrap it of a rise in rapid ofes and too a rise in home prices. Are indicatings that they are having a very accessing the construction loan as part of
Ever before. Ions you wrote in eros of equal opportunities is among the greatest stresses to our exceptionalism as a nation, but it also provides us with an exciting and opportunity up historic opportunity to help more people than ever achieve the American Dream. The millions trapped in poverty and despair are a tremendous untapped resource for america. Just think of what it would mean for our country to gain the full use of the talents and abilities of all people. They would develop new innovations to improve our lives , help build the next Great American company. They would be doctors in our hospitals, scientist in our labs. Customers for our businesses and partners in our investments. Leaders in our government, pastors in our churches. We are a great country, despite the fact that we have over 40 Million People stuck in poverty. Imagine how much greater we would be if they were not. Imagine how much greater we would be if the dreams and talents of over 40 million human 40 million hu