Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United S
Not credible, thats a problem. I know youre in the process now. Do you have any idea what the time frame might be when youre nto the Second Chance . So last year working jointly sent very detailed evaluations the living wills to the firms. And directed the firms to take action to improve their resoveability that were quite specific. And quite detailed. Weve received those plans. Were evaluating them jointly with the fdic. And we will be making decisions in the coming months. The time of the gentleman has expired. The chair now recognizes the gentleman from michigan,. Thank you, mr. Chairman. I am happy to rescue you from the hostile questioning my democrat friend over there. Dont take it personally. He is that way with everybody. But i do actually want to kind of follow on on something that he had point of interest and frustration for a number of us speed g to do with the or lack thereof where there has been some very specific things that were laid out for the fed to do and specificall
Came to take her way. Soon after her husband became symptomatic. The family again called the hotline for days but no one came. The father died and a few days later a burial team came and took away the body. The oakland noted the early signs of able among the children and set to the health care worker, your minister for health care is more for the dead down for the living. This isnt true, right . It happens to be a fact that in the early days of the epidemic the Senior Leadership at minister of health and social welfare and library worked with the companies in library to set up a phone bank of 24 land lines so the initiate of health could respond to phone calls related to the epidemic. But on friday i was having a conversation with a senior official and he said the problem in liberia right now is that the phones are ringing but nobody is answering the phones. Why not . Why is there this this juncture between people calling and people not answering the phone . This is a different story t
It was exciting so thank you to steve in particular for organizing that segment. F a forn what are the implications of what weve heard this morning and particularly what are the implications as we look ahead to what can be done . And so im really excited about group that we have here. And let me just briefly introduce the panelists going across from my left. First is superkemp. Susan kemp. She is the Deputy Director of the Oneil Institute at georgetown university. Susan is trained in law, Public Health and business and holds jd, mp h m ba degrees to prove it. She is, in 2001 she served as special consultant to the state Department Regarding reforms to the global fund to fight aids, tb and malaria. Supers also worked extensively on a wide range of health law issues including implementation of the International Health regulations, Pandemic Response and Infectious Disease control. And so we are looking forward to susan bringing a legal perspective here to the discussion. Next to susan wev
The World Health Organization has predicted that the ebola virus will infect 20,000 people in west afterwhat by november afterwhat by November Africa by november. The president of liberia spoke about whats being done to fight the disease in her country where an estimated 1500 people have died. She spoke by internet at a Georgetown University conference on ebola. After her remarks, a Panel Discussed the diseases Economic Impact in the african countries affected. Morning, everybody. [inaudible] director of the program here at georgetown and a longtime economic adviser to president sir i have sir leaf and others in the government of liberia, and i think we are ready to go. I know we have a connection. There we are. Good afternoon, madam president. Thank you very much for taking the time to be with us here this morning in georgetown. We have a crowd of a couple of hundred people here that are very appreciative of you taking the time to join us today. So, first, i just want to thank you for