Accountable. This hearing is about three hours. [ room noise ]. The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh recently wrote Central Bank Power is permissible in a democracy only when its scope limited, its track record strong and accountable assured. None of that do we observe today. Where his feds omnipotents has taken us . The big banks are bigg
On the september 20 board of supervires agenda unless other would stated todays meeting is broadcast by sfgtv staff. Madam clerk and believe there fss request to call item 5 first but since thats supervisor kims well call item 1 until she gets here. Item 1, hearing to consider that the transfer of a type 48 onsale general public premises license from 451 bush street to 447 bush street district 33 for sffsre, lcc dba fluxus, will serve the public convenience or necessity of the city and county of San Francisco. Very grood. Thank you we have a presentation . Police department. Good afternoon sergeant kenny, San Francisco please. Alu has giver an presentation on this location and we stand by our previous answers. Great, thank you. Okay, open up Public Comment on this item. Item number 1, 447 bush street. Well close Public Comment. Dwoo ehave the applicant here today . Lets keep the item open and well go to item number 2. Item 2, hearing to consider that the issuance of a type 48 onsale ge
Turns into a darker place with a different walk of life but a different version orphwattio sign it day. That is until pandoras lights come on. That sign seemingly insignificant brings back light to a otherwise darker place in that part of town. Also whenia hear music and voices of the singing patrons through the front door it takes away from that grimyness that you see in the neighborhood. I know this because i work next door and there from the morning until night. I see the difference in the neighborhood on the days pandora is open for business and when they are not. And when they are open for business, the neighborhood feels a lot more welcoming. Pandora attracts a lot of visiting tourist and groups and friends thank you. We only give two minutes for each member but thank you for your comment and thank you for having your business in the tenderloin neighborhood. Next speaker, please. Hi. My name is putact and am here as a resident of the tinder loin. I have been there forever. I want
The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
Is standard procedure when an officer fires. When all of that is complete, which could potentially take weeks, maybe month, well bring those details back to you. For right now, at the end of the day, an officer lost his life, and the sheriff did not anticipate that thats end. No question. And i guess thats what officers face every day. An Corporal Kerrigan watched over the community as a deputy. And he gave back to the same School District that he graduated from. Victoria sanchez joins us with more. Reporter this is a tough time for this closeknit community. We stopped by coffee shops, restaurant, a school, and even a market. Everyone was hearing stories about nate. In look people look out for each other. For 14 years, kerrigan served as an assistant football coach. For the last decade, he was platt canyons head basketball coach. He was preparing for the season that starts monday. There are grief counselors to help students and staff. For the people in the community that knew him, they