And then limits the healthcare and economic devastation of the coven 18 pandemic some other parts of new york city have been very hard hit and suffering more deaths than other states in the country millions have lost their jobs and incomes with the Economic Impact for things to the wall street reform the nations Banking Sector but the initial impact of the crisis to restructure mortgages but ive had serious concerns of the i heimplementation with a Small Businesses thanks to the hard work of chairwoman waters and velasquez, the ppp program in the latest installment. So how long the nations banks and Credit Unions can endure the Current Crisis. And with a pdf i to overcome the challenge of the crisis. And over the objection of the new york delegations and the impact of the new York City Taxi drivers are already reeling from the pandemic. First i would like to thank you for being here today and your tireless efforts and respond to the covid19 crisis it is my hope we can have a meaningful
Economic collapse which is bad for everyone unless youre a day trader betting that everything will be awful for those people right now is like mardi gras with fewer naked but an equal amount of pissing in the streets so us lost a staggering 20500000 jobs in april bringing the jobless rate to its highest level since the Great Depression 14. 7 percent. And even Steve Menuhin our treasury secretary who has carnal relations with a roll of silver dollars every night under a framed portrait of Ronald Reagan having carnal relations with the same roll of silver dollars even that guy says unemployment could get to 25 percent wine out of every 4 adults i did the math myself but. Yet in denmark salut different danes have kept their jobs denmarks Unemployment Rate is hovering in the range of 4 to 5 percent you see denmark dealt with the whole employment thing different than we had fun fact thats their police force during the pandemic denmark paid their companies to keep employees on the payroll re
A look at countries that dont have corn dog brains look at denmark denmark has had almost twice as much testing per capita as the United States and fewer than half as many deaths per capita that would mean around 40 or 50000. 00 extra americans have died in the past few months because we have not dealt with this as well as denmark that 169 elevenths that could have been stopped if we hadnt behaved like idiots but death is not the only problem caused by this pandemic theres also the economic collapse which is bad for everyone unless youre a day trader betting that everything will be awful for those people right now is like mardi gras with fewer naked but an equal amount of pissing in the streets so us lost a staggering 20. 00. 1000000. 00 jobs in april bringing the jobless rate to its highest level since the Great Depression 14. 7 percent and even steve menuhin our treasury secretary who has carnal relations with a roll of silver dollars every night under a framed portrait of Ronald Rea
We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribes. The title iv provided 454 billion as the infusion into the Stabilization Fund to support the emergency lending facilities that facilitated the qualities to support eligible businesses, states, local governments and tribes. And to be authorized under section 13 and to stabilize those markets but the Federal Reserve announced the establishment of the intent to establish to support the Financial Markets and businesses including some that are supported by the cares act. Last week other members of
Is not leading the world in coronavirus testing but we are leading the world in corona virus deaths does that count that we get a prize for that you know maybe a decoder ring or plastic spider to scare your friends. Were probably also close to leading the way in the level of unemployment increase during the pandemic so theres Something Else to be proud of right now we have to ask ourselves is there another way we could be doing things right now is there a better way yes of course paris lets take a look at countries that dont have corndog brains look at denmark denmark has had almost twice as much testing per capita as the United States and fewer than half as many deaths per capita that would mean around 40 or 50000. 00 extra americans have died in the past few months because we have not dealt with this as well as denmark that 169 elevenths that could have been stopped if we hadnt behaved like idiots but death is not the only problem caused by this pandemic theres also the economic coll