Cspan3, online at cspan. Org or listen with the free cspan radio app. [captions Copyright National cable satellite corp. 2019] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] and the house coming in, getting down to legislative work after the fourth of july recess, taking up seven bills this afternoon. All from the Financial Services committee, including a whistleblower protection bill. Also, the house has announced theyll vote friday on the 9 11 Victim Compensation fund bill which passed by the Judiciary Committee unanimously last month by voice vote. And tomorrow, the house will 733 k on the 7 3 defense appropriations bill. The Senate Passed their version. 750 billion measure. Votes in the house this evening at 6 30 eastern. Theyll be here shortly. Live coverage on cspan. The speaker pro tempore the chair will postponefurther proceedings today on motions to suspend the rules on which a recorded
You might need this. The force awakens with the big stars, right here. Chewie, were home. Secrets of the movie revealed. Old friends and new heroes taking over times square. Its true. All of it. The man behind the movie here live. It all starts this morning, only on gma. And good morning, america. Hope you had a good Holiday Weekend. 18 days away until the force awakens. Cannot wait for that. This week, all the being names will be right here. People are not waiting. They already have their tickets. Sales already through the roof. Theaters all over the country already sold out. Many projecting it could break avatars box office record. Going to be a big one. Sure is. Take a look at this. This is amazons new delivery drone. Being tested. Today, in case you havent heard, its cybermonday. Were going begin with the threat at the university of chicago. School is canceled all classes and activities today after fbi counterterror officials warned the urt about an online message about an attack o
Africanamerican religious leaders this morning. Gma. You might need this. The force awakens with the big stars, right here. Chewie, were home. Secrets of the movie revealed. Old friends and new heroes taking over times square. Its true. All of it. Live. It all starts this morning, only on gma. And good morning, america. Hope you had a good Holiday Weekend. 18 days away until the force awakens. Cannot wait for that. This week, all the being names will be right here. People are not waiting. They already have their tickets. Sales already through the roof. Theaters all over the country already sold out. Many projecting it could break avatars box office record. Going to be a big one. Sure is. Take a look at this. This is not star wars. This is amazons new delivery drone. Being tested. Today, in case you havent heard, its cybermonday. Were going begin with the threat at the university of chicago. School is canceled all classes and activities today after fbi counterterror officials warned the
Of the best thing that is weve done. Keeping in mind, at the end of the day, all of us knows this. The straw that breaks the camels bank with regard to failing institutions typically is capital. Its just pushing a button on a computer. And frankly, if we get corrective action at least close to right, those two things alone would have a very, very beneficial effect. Not just on special banks, but on other Financial Intermediaries as well. Well, you know, i agree with the premise of the krekcorrecti action to the statute is very ineffective. I disagree that corrective action is a method of protecting the Banking System in times of financial collapse. Theres two ways one can look at the Banking System. I really want a system that is going to be a hundred percent safe and not have failures. And taking that to its extreme, you have a system that has a hundred percent liquid assets. It has very high capital ratios. The trouble with that type of bank which will never fail is youll never loan
The bigger banks that were diversified didnt fail. We did it anyway. The big banks didnt want to do it because it was a cross subsidy to the small state banks. The savings loan refused to go along but they refused to take their own and ensured next year. The second thing is we tax equity before you can pay the equity holders. This is a huge incentive for all the banks. To leverage as much as possible. And so the bank capital went down from 20 to 5 , the regulatory minimum, immediately. And those sentives still exist today. So in the postwar period, america was on the winning side of the war. We had a lot of economic stability. In the 60s, the homeowner ship rate, to act 65 . Totally funded by private savings loan deposits and mutual savings banks. Now, the homeowner ship at the time was considered a very good thing. There were no political incentives that we can speak of. America was the land of opportunity. Either they had the zipging house or they continued to save. They didnt take c