[inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] [inaudible conversation] the meeting will come to order without objection. The chair is authorized to declare recess at any time. This hearing is entitled examining the sec agenda operations in fy 2018 budget request. I now recognize myself or three minutes to give an opening statement. I warn everybody i will take a lot longer because there is unanticipated news. First, before proceeding to the purpose of this hearing, i do want to know for all my colleagues that as we begin this hearing today, in 318, b3 18 of this very building, the rayburn building, our friend, our colleague, the Great American hero and patriot sam johnson is being honored by having that very room b3 18 named after him. I think we all know he is a decorated war hero who served his nation with great courage, great valor in korea and vietnam and spent seven years and ex
I said we would do as many of them as we could. Weve basically set the agenda for the rest of the year and into january. You dont see any i dont see any lastminute rushes. I intend to carry out the agenda i outlined in february of 20 1y50i6r 16 as much as i can. In the bloomberg report, it says u. S. Consumers are increasingly defaulting on loans made online. They talk about delinquencies and default reaching key levels known as triggers, four different sets of bonds reaching those levels. To start paying down bonds early. My first question is, are you aware of this with regard to the on line lending loan that is secure these bonds and are having some problems . I am certainly aware of the reports of those issues. Our space is the investors in the space, not the lenders. They become relevant in terms of what the assets are underlying those investments. In the article, it talks about breaching these levels instead of making new loans to find more new or more expensive funding to scale b
Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of distant figure, unreliable, who would sometimes say he would come and see his son and then not show up. In and i think that probably reinforced a talent alan had to live inside his own head, and that was further reenforced by his mother. First of all, were talking about the 30s, the depression, so she had to earn a living. Ng wasnt so easy. She worked in a Department Store in manhattan, so he was left
Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of distant figure, unreliable, who would sometimes say he would come and see his son and then not show up. In and i think that probably reinforced a talent alan had to live inside his own head, and that was further reenforced by his mother. First of all, were talking about the 30s, the depression, so she had to earn a living. Ng wasnt so easy. She worked in a Department Store in manhattan, so he was left
Impressed. The index at a threeyear high. Kong, 4 00 a. M. In london. By where it is 8 00 a. M. , welcome to Bloomberg Markets middle east. What are you looking at today . Asia, globale in investors taking a closer look at i it is weakening and there is a lot of volatility when it comes to the yuan. Jump into my bloomberg and see what i mean. Exchange, it stock has surged to a record in november. As you can recall, it has been a wild month for global markets, ofecially after the surprise some of president elect donald are lookingvestors for production. Check out what has been happening this month. Here asreally surging investors scurry for protection. We are just under two marketsay from emirates in dubai. Lets take a quick check of how they closed across the region yesterday. A mixed bag. Dubai, one of the biggest gainers,. 7. We are doing a quick check of markets open in asia. Mumbai trading for almost 20 minutes now. You can see, it is a mixed picture across the board. We are seeing