This meeting comes to order and this chair is authorized to call recess at any time. This is called two days after the 4th anniversary of the doddfrank wall street reform and Consumer Protection act and we will examine its impact on the Capital Market and the economy. And i recognize myself for four and a half minutes for an opening statement. Doddfrank has been based upon a false premise that deregulation or lack of regulation led us into the crisis. However, in the decade leading up to the crisis, studies have shown that the Regulatory Burden on the financial industry increased. There were few industries that were more highly regulated. The list could go on. We here a lot about wall street greed and i could not agree more. I am curious at what point was there not greed on wall street. I am wondering how that could be the determining factor. I do know Affordable Housing goals of fannie and freddie on stero steroids helped mandate Financial Institutions into loaning money to people to
Of africanamericans in this country. So by the time Robert Smalls died in 1950, he died brokenhearted, and financially, not near as well off as he once was. And so i have spent a lot of time talking about the history of this. As i used to say to my students when i taught, if it happened before it can happen again. And we see all the speculation about what the Supreme Court is going to do with the most important civil rights act, which i think was the Voting Rights act of 1965. And most experts think that thats about to come to a significant, and i call, a noble end. Oh grams of affirmative action, that simply means youre going to take positive steps. You cant be passive. Youve got to take positive steps to overcome the current effects of past discrimination, the history. Not going to happen by itself. If you bring that to a close, and people are speculating that that is about to happen, in fact i saw a few days ago one of the leading scholars, legal scholars in this country who was say
The president ial term of David Rice Atchison today, of all days, you should think of his legacy. Apparently, the story is history that will never repeat itself. Thank you so much for watching state of the union im Candy Crowley in on the National Mall in washington. Head to cnn. Com sotu for analysis and extras. If you missed any part of todays show, find us on itunes, just search state of the union. Cnns coverage of president obamas inauguration continues now with my colleagues, Gloria Borger and john king. Thank you, candy. Good morning from the National Mall. Welcome to cnns continuing coverage. Our special coverage of the 2013 inauguration of president barack obama. If you tuned in to watch fareed zakaria, they have the weekend off. Hell be back at his regular time next week. Gloria, not a crowd behind us. Little crowd behind us. The crowd will be here tomorrow for the ceremony, but today is really the day that matters if you read the constitution. Thats right. Today is the day th
[talking over each other] dagen i am dagen mcdowell. Connell i am Connell Mcshane. Dow 14,000 and we found out there were 157,000 new jobs created last month. Just a small desk and twelve Million People looking for work. We have Guggenheims Scott Minerd coming up on speeding up the recovery. Dagen the National Debt and not a worry. Not even in that countrys biggest economic problem. That is a growing chorus in this country among socalled experts but are those stinkers not living in the u. S. But in fantasyland . Connell we will talk about that and Immigration Reform because it has been huge topics this week. If we told you you could save billions of dollars in foreign aid to corrupt governments with Immigration Reform would you take that trade . Dagen super bowl feeder and counterfeiters are honest. We bring you more on a record 13. 6 million bust in fake nfl merchandise. You got to give me a jersey, if you dont make one i will get one. Connell you will be all right. Especially men wea
Doing a lot of buying, and i mean, a lot of buying. Apparently, a lot of other people were. I did my damage on black fired , neil. Cyber monday, as of this morning, we got fresh numbers. 840 million to spend online, including this cyber monday on track to be the Biggest Online shopping day in history. This comes on top of black friday and thanksgiving 7. 9 billion online. But the other trend emerging is mobile shopping. This morning, a record 53 visit to retailer sites came from mobile devices. Phones and tablets. Where are the deals can make television as always, at 25 today on average. Toys, and savings of percent, computers, 50 . A lot of people are now saying, what is the point of cyber monday . And the deals are comparable to what we saw over the weekend when so many of us, we did stand in line to shop online instead . This is where the experts say. Black friday whets the appetite. Youd start to compare price its in money when you get to work, you pull the trigger. Quite honestly,