Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And
And freddie mac is in the conservatorship of veneers september 2008 and paulson describe the conservatorship as a timeout. Today fannie and freddie continued to dominate the market approximately 70 percent of the mortgages are back for the federal government while fannie and freddie with the Housing Market experiences a downturn the status quo is not a viable option. The Housing Finance system with two Government Enterprises in conservatorship as not a sustainable solution. Taxpayers today have to much risk with to a bigger role in the Mortgage Market. Those that have released proposals including the i see the day in several coauthors and many others. About what the future system should look like. In the meantime continuing to serve as a conspirator in regulator and as the Federal Home Loan Bank fhfa has undertaken a number of initiatives including those that began prior to the directors 10 year. One significant undertaking is the securitization platform that was originally intended to
Housing supply and reducing cost for borrowers. This is before the Senate Banking committee. It is an hour and 45 minutes. [inaudible] [inaudible conversations] committee on Housing Urban Affairs is called to order. Thanks to the two witnesses joining us. Home is more than four walls and a roof for the play and do their the committee on banking, housing, and urban affairs is called to order. Thanks to the two witnesses joining us. Home is a lot more than four walls and a roof. Home as we go after a long day of work and your kids play and do their homework. Home is where you plan for the future and build wealth. Home is how millions of families join the middle class. And our homes are anchor in our lives but for too many and the country, a home they can afford and told their life around feels out of reach. I hear it in ohio everywhere. I hear it in lima. Summer where i grew up in mansfield. A new building with 54 apartments for working families just open. For those 54 apartments, they h
Breaks of sunshine. Look at temperatures take off. 11 00 this morning. 57 degrees. Then into the 60s this afternoon. Break this down hour by hour when i come back in ten minutes. Starting off at the crash. Lower marion on montgomery avenue. 43 freeway in new jersey looks great so far. Camera around creek road. Heres the northbound traffic moving up towards the philadelphia area. You can see no major problems right now. Donald trump preparing for biggest speech yet. Addressing joint session of congress in hours. Pamela osborne joins us live with what we can expect. He may detail this even. Reporter the president wants to boost defense spending by 10 . Mr. Trump has reportedly working on details of speech as late as last night. Expected to focus heavily on national security. And discuss Economic Opportunity here at home. Mr. Trump is calling for an additional 54 billion to beef up the military. Homeland security and americas intelligence agencies. At the same time slash the same amount f
Hour. Show you when we will reach the 60s in your neighborhood when im back in ten minutes. First, Jessica Boyington has your first alert traffic. Thanks. Starting off on 295. Just around cameras. Route 130. Again, you can see this is over into the right hand shoulder. Part of the next lane closed as well. Traffic is moving by into the lefthand lane. Looks like they have two lanes open. Everybody sticking over into the lefthand side. Fire engine on the scene there as well. Not exactly sure how many vehicles are involved. At least two or so. We have Police Activity there as well. So a little bit of a mez out in west stephford. Southbound side. Just in the general area. If you are headed southbound, traffic moving towards delaware. Keep our eye on that for you. Have updates when i come back in about ten minutes. Well see you then. Jewish leaders calling for an aggressive federal response to put a stop to bomb threats against centers and cools across the nation and here in our area. Lates