Other sister agency. Its a meritorious move. You said is, quote, good people operating in a flawed system. Would you explain that . Sure. There is a misalignment between the incentives that a person giving advice has and the best interest of the consumer. So, for instance, again, getting back to the tofels, if you have four or five different products under the current suitability rule that are suitable and product the first product, the variable annuity generates 26,000 a year in fees and another product, which would have a comparable return has a fraction of those fees, you have per verse incentive to steer them to the product that generates the most fees. And again, that is totally permissible so im not casting aspersions on the person that does it. Im saying thats not right. And we can device a system and i underscore what i said in my testimony, theres a substantial number of people, including one of the witnesses who will come up on the next panel, that operate under a fiduciary m
Infrastructure funding. And in land waterways have the impact of the panama canal expansion on us ports. It is an hour and 45 minutes. [inaudible conversations] the meeting will come to order. And i happen to be one of those. And i recognize that this time, senator cardin. And introduce pleasure to have secretary ron here before the committee. Secretary ron, secretary of transportation in maryland. As i was telling as a chairman, this is the third state, secretary of transportation. Department of transportation and new mexico state highway and transportation, cant hold onto a job. Very proud of the work in maryland. And the organization in maryland with the secretary of transportation is responsible for coordinating modes of transportation. Mister ron has done an outstanding job in directing that department, very large budget. He also served as american state transportation officials, 20072008 and national leadership, proud to have him before the committee. Very good. Recognize senator
From abc news this is world news now. I mean this is big. This is huge. Big. Huge. You want to stick around for that. Big time. All right. We begin this half hour with a stunning allegation in the aftermath of the firing of fbi director james comey. A new report that President Trump allegedly demanded comeys loyalty. Sources close to comey told the New York Times he was summoned to the white house for a dinner a week after the inauguration. They say the president asked comey to pledge his loyalty to him, but comey offered his honesty instead. The white house is denying the report that comes on the heels of an nbc interview in which the president has a few choice words for comey. He is a showboat. Hes a grandstander. The fbi has been in turmoil. You know that, i know that, Everybody Knows that. You take a look at the fbi a year ago, it was in virtual turmoil, less than a year it hasnt recovered from that. Monday you met with the Deputy Attorney general Rod Rosenstein. Right. Did you ask
From abc news this is world news now. I mean this is big. This is huge. Big. Huge. You want to stick around for that. Big time. All right. We begin this half hour with a stunning allegation in the aftermath of the firing of fbi director james comey. A new report that President Trump allegedly demanded comeys loyalty. Sources close to comey told the New York Times he was summoned to the white house for a dinner a week after the inauguration. They say the president asked comey to pledge his loyalty to him, but comey offered his honesty instead. The white house is denying the report that comes on the heels of an nbc interview in which the president has a few choice words for comey. He is a showboat. Hes a grandstander. The fbi has been in turmoil. You know that, i know that, Everybody Knows that. You take a look at the fbi a year ago, it was in virtual turmoil, less than a year it hasnt recovered from that. Monday you met with the Deputy Attorney general Rod Rosenstein. Right. Did you ask
From abc news this is world news now. I mean this is big. This is huge. Big. Huge. You want to stick around for that. Big time. All right. We begin this half hour with a stunning allegation in the aftermath of the firing of fbi director james comey. A new report that President Trump allegedly demanded comeys loyalty. Sources close to comey told the New York Times he was summoned to the white house for a dinner a week after the inauguration. They say the president asked comey to pledge his loyalty to him, but comey offered his honesty instead. The white house is denying the report that comes on the heels of an nbc interview in which the president has a few choice words for comey. He is a showboat. Hes a grandstander. The fbi has been in turmoil. You know that, i know that, Everybody Knows that. You take a look at the fbi a year ago, it was in virtual turmoil, less than a year it hasnt recovered from that. Monday you met with the Deputy Attorney general Rod Rosenstein. Right. Did you ask