[captions Copyright National cable satellite corp. 2014] [captioning performed by national captioning institute] before the hearing on the gm ignition switch problem, families of victims spoke with reporters for about 40 minutes. By awere joined administrator and several members of congress. Good morning. We are here this morning to talk sorry. Gm recall the gm recall of a number of vehicles that have defect it switches which has resulted in the death and injury of many people. We have with us the families of many of those who were killed. Were going to introduce all of them at the end. We would like to start off with our representatives and senators. I would like to call on edward from massachusetts. Thank you so much. Thank you to all of you for being here today, especially the families who have traveled so far and with such heavy hearts. 2007 chevy cobalt ignition switch. This is the same design that off thatedding shutting off and killing innocent victims. We know the difference be
Next two weeks or so. What are you expecting . When you look at what happened in the second quarter, most, if not all of the earnings gains, came from the financials. Now, with the mortgage refinancing boom having largely plaid out, with financials really starting to come under pressure from a regulatory perspective, jpmorgan is a good example of that, our financial is going to come to the rescue again. I have my doubts. And when you look at the expectations of earnings growth, we were less or about double what we actually saw in the second quarter. Im not sure thats what were going to see. And i think disappointment is quite possible. So, brad, if i buy your thesis here, and ive had a pretty good year so far, im up about 20 in the s p, and lets say i have a balanced portfolio, 60 stocks 40 bonds, what i should be doing now. How can i protect my profits and still leave room for more, if theres more to come . The answer really is strategy diversification. Not only in the equities, but a
And the Community Banks. The Community Bank said, we will oppose any bill that puts us into the same regulator. That was the reason. That is what stop that. We could not overcome it. It was something i thought about before. There was no way he you could pass a bill over the strong objections over Community Banks. Were ready to lobby hard against this because they did not want to be with the big banks. Draft,009, i proposed a what i called a discussion draft of the bill. In the midst of all this, the Political Considerations work is shocking to some. Votes too get enough pass it. The reaction was overwhelming, for a number of reasons. The regulators were going to be out of a job, so they were opposed. Not a lot of constituency interest in the subject matter. I say respectfully of our colleagues, the idea of consolidation. Ts of consolidating, we grew if i had a magic wand, the one consolidation we would have rational world would you have a Security Exchange commission and the sharingies
I think there are a lot of people who represent the same thing. Im very much hoping that one of those people come along soon and, you know, who understands the constitution, who understands freedom, what true freedom is all about, who understands how to empower people, who understands economics and the importance of taking the heavy foot of government off the neck of business and industry, and who understands that this is, in fact, a judeochristian nation with real values. [applause] political pundits have defined you as a conservative, particularly following the prayer breakfast. How would you define yourself, politically . That easy. I consider myself logical. [laughter] you know, as far as im concerned, common sense should be in both parties. Thats why its called common sense. So you know, you look at something that has been politicized, you know, like benghazi. Now, whats the big issue there . A big issue as far as im concerned is that we are telling our troops that if you get into
The key to the Ranking Member. I have been very critical of the deal i thought it was a mistake but first we should have gotten the final deal that negotiated the interim deal with first should have made sure there was no path said we could negotiate the interim deals because the sanctions were working. I voted to ratchet up do u or do you want to function in the economy . We will continue to press the sanctions into the didnt have a functioning economy. I think that wouldve been the right way to go. But now we are here and we are here, and they think it is a very dangerous situation we are in. I think well get to july 20, and for sure that will want more time. Thats what we feared at the beginning. I think thats the case. Then what do we do . Into we say we will not negotiate and make us look like the bad guys . Its hard to put sanctions back on again. So where do we go from here . I do want to comment, i couldnt agree with you more wholeheartedly. If its a five year deal, if its a 10