Next, executive Branch Officials and policy advocates examining the impact of Climate Change on u. S. Household finances, especially for those living in vulnerable communities. The Treasury Department released the report that theyve this event. This is hosted by the urban institute in washington, d. C. And runs about an hour and 20 minutes. [inaudible conversations] [inaudible conversations] welcome and good afternoon. I am signemary mckernan, the Vice President here at the urban institute of the center on labor and services and population. And also a Financial Wellbeing expert. So the. Top todays topic near and dear to my heart. Thank you to all of us who joined both in the room today and online. And before i jump in here are a few notes on f housekeeping. One, the event is being recorded and the recording and relevant links will be posted online after the t event. If youre joining us virtually the life captions are turned on and you can adjust those at the bottom off your screen. And
Good day to you. Chinas stocks have slumped from the highest level in three weeks. The benchmark index sank6 following concerns that the government will pare back efforts to prop up the equity market. After a drop in Interest Rates and removal of property restrictions. Economics chief asia correspondent is in hong kong. Mini rout . Ket is this the rerun of a big run . Enda it is early days to tell whether we are going for another. Its certainly a correction. It has come about because we had some good numbers today. We had some data. That is interesting when you consider the big stock markets we had in june. It kind of illustrates perhaps the net effect on wealthy Consumer Confidence with what was much less than people anticipated. We will need to see more durable prices before calling a turn in the housing sector and before calling a turn in the economy. Francine what does it mean for the wider economy . How much can we read into this . Enda one of the recent stocks fell today was peop
Professor of international law, presenting this program, please join me in welcoming them. [applause] thank you. Without further ado i thought i would plunge into a question for the judge and the biographer. Richard posner, when you were the age of some of the people in this room you were fabulous yates scholar interested in literature. What made you decide to go to law school . Law school was always the default graduate choice. I give some thought to graduate school, decided, not for me. I dont think i can stay. Harvard law school has a formative impression on you, i suppose . It launched your trajectory in many ways. Tell us about the academic experience. It is mixed, but they did something clever. They stacked their best teachers the first year in law school. Very nice. Got a good start. Second and third year, like all the professors i realized thinking about this, i skipped my last year of high school, only 16 when i went to yale college and only 20 when i went to law school, young
Mr. Wilson, i want to get back to you. In september 2012, icba survey found 55 of bankers decreased their Mortgage Business or stopped providing higher priced Mortgage Loans and higher priced mortgages that took effect in 2010. I wondered if your bank still does offer an issue mortgages and if so, have you decreased the number of mortgages because of regulatory uncertainty . Yes, sir. Most all of our mortgages would have fallen into the higher priced mortgage and we do not have the staff capabilities to escrow insurance and taxes. Again, the last few seconds, thank you so much, all of you for being here and we do want to figure this out. We need to clean this up and ultimately i want to see Community Banks that are vibrant in our communities again and with that i yield back, chairman. The chair recognizes the gentleman from colorado. Thank you, mr. Chair. Somebody mentioned the incredible cost of dodd frank to the system, but i just want to start that before dodd frank in the summer 20
They dont want to be designated but they also said the fact that they are closely supervised by the that is one of the most to the community. So the fact that they dont want to be close and supervised by the fed is simply the size alone and theres nothing they can do about it unless you want to break up fidelity. Thank you for asking. Okay, so banks greater than 50 billion dont have a choice. That is my time. Im sorry, did you want to talk over me . We know that. Believe it or not, the time alongside the gentle lady from new york. So why did they not want to be designated. Designation and supervision is what leads them to think this, so why would they not want to be designated. Again, at the time alongside to the gentle lady from new york area. I rather hear discussion between the two of them than the majority of people here on both sides. You are recognized. I agree with that. Here you have to have designation, which is aig and he had no choice and they were silent and the other Insur