The hearing before the Senate Banking committee is just over two hours. Witnesses are in person. Mr. Gensler, nice to see you. Members have the option to appear in person or virtually. Welcome back, chair gensler, to this committee. Workers and their families do not measure the economy by the stock market. Neither should we. It is why in the senate and in the new Biden Administration we work to create an economy that delivers results for people who get their incomes from a paycheck, not an investment portfolio, raising wages and good paying jobs and lowering costs means fighting the corporate price gouging that so often hurts consumers and the unfair labor practices that so often hurt workers. That means investing in the future of american manufacturers and it means making sure our financial watchdogs keep our economy and our markets stable. At the fcc, that includes going after companies to try to cheat the market. Chair gensler is doing that very well. It means strengthening corporat
[inaudible conversations] [inaudible conversations] the Senate Committee on housing and urban affairs will come to order for days hearing his usual is in the hybrid format which is inperson with the witness. Mr. Claudio teen mr. Gensler its nice to see you. Welcome back chair gensler to this committee. Workers and their families dont measure the economy by the stock market and neither should we. Its why in the senate and the new Biden Administration we work to create an economy that delivers results for people who get there and comes from a paycheck not an investment portfolio. Raising wages and goodpaying jobs and lowering cost means fighting the corporate pricegouging is so often hurts consumers and the unfair labor practices. It means investing in American Manufacturing and workers and farmers who drive it and means making sure financial economy and our markets are stable. That includes going after companies that try to cheat the market. Chair gensler is doing that very well and it
Wait. He said he would wait. If you were on the Federal Reserve its a very close call. If you were on the Federal Reserve financial policy committee, would you be concerned there are beginning of signs that this very easy money, lots of low rates is causing excess . Yes. I think i would point to the leverage lending market, for example, where the terms on a lot of loans have become socalled covenant lights so a lot of the terms have gotten much easier. Banks putting fewer and fewer strings. Right. Its not just the banks. Those loans tend to be securitized. The banks originate them and some are in the market. Junk bond market. And there are other signs. I do think i would be somewhat concerned. I think the Federal Reserve has reacted in an entirely appropriate and proportionate way. Among the things theyve done is they have put out guidance on leveraged loans and said we are worried about whats happening here to the banks. You guys need to be more careful with what you put on your Balan
Rewrite of our rules, and at some time we will all likely be disappointed that these are the rules the body follows moving forward. However, i continue to be opposed to this nomination and urge my colleagues to vote no today when the vote comes before us. Thank you again, madam president. And i yield the floor. The presiding officer under the previous order, the Senate Stands in recess until 2 15 p. M. President obam laws protect minority and majority rights and pressuring schuss freedom of every South African. Finally mandela understood the tie that is bind the human spirit. The president s remarks along with those of other world leaders, will be part of the reair of the Memorial Service highlights tonight, 8 00 p. M. Eastern on cspan2. Its a rare constant in american political life, if you look at say congress, in 1901, less than 2 of members came from working class backgrounds. Got into politics and eventually wound up in congress. A Flash Forward to the present day, the average mem
[inaudible conversations] [inaudible conversations] and not to the Prime Ministers question time, live from the house of commons. David cameron takes questions from the members of the house of commons. Prior to question can come in the house is rapping about. This is live coverage on cspan2. Not off the top of my head about mr. Speaker. Thank you, mr. Speaker. Might i invite my right honorable friend to see how they are helping Authorities Say 17 on public to care process, increase both contracts are speeding up the payment process. Mr. Speaker, i am happy to do that, but i know what support he would give that company. We have enough public or caravan, which in many places prove out providing work to the government. Weve made some progress but we have much more get to do. Order. Questions to the Prime Minister. Thank you, mr. Speaker. This morning i had is with ministerial colleagues and others in addition to mickey ds, i shall have further such meetings later today. Still a pc. Thank