The resources here necessary for an aggressive, comprehensive, and swift response. Im pleased to report to my colleagues this afternoon that we, with the house, leadership, both sides have reached a bipartisan, bicameral agreement on an emergency supplemental appropriations package to do just that. The agreement provides a surge in funding at every level, local, state, federal, and international to meet the growing challenge that we could face. The total amount, mr. President , included in the package is 7. 76 billion, a little under 8 billion. We arrived at that figure by going back to the agencies, n. I. H. , the centers for disease chrome and so forth and said, what do you think you would need if this virus really spreads and we wanted to make sure they had the tools and the resources that we would not shortchange the American People in any way. So the 7. 76 billion, weve been told by the people who know, that should be sufficient. We hope it is. Mr. President , nearly 85 of this fu
Edge. Both are resilient, but vig ras action, i believe, is needed to calm nerves, stabilize the situation and get our arms around this crisis. I believe Congress Must marshall the resources here necessary for an aggressive comprehensive and swift response. Im pleased to report to my colleagues this afternoon that we with the house and leadership both sides have reached a bipartisan, bicameraal agreement on a package to do just that. The agreement provides a surge in funding at every level as ive advocated. Local, state, federal and international to meet the growing challenge that we could face. The total amount, mr. President , included in the package is 7. 76 billion, a little under 8 billion. We arrived at that figure by going back to the nih, center for Disease Control and so forth and say what do you need, what do you think you would need if in virus really spreads . And we wanted to make sure that they had the tools and the resources that we would not shortchange the American Peo
Quorum call mr. Shelby mr. President. The presiding officer the senator from alabama. Mr. Shelby thank you. Mr. President , the American People the presiding officer were in a quorum call. Mr. Shelby i ask unanimous consent that the quorum call be dispensed with. The presiding officer without objection. Mr. Shelby mr. President , the American People are apprehensive about the spread of the coronavirus in the u. S. And abroad, as we can always remember. Global Financial Markets are on edge. Both are resilient but vigorous action is needed to calm nerves, stabilize the situation and get our arms around this crisis. I believe Congress Must marshal the resources here necessary for an aggressive, comprehensive, and swift response. Im pleased to report to my colleagues this afternoon that we, with the house, leadership, both sides have reached a bipartisan, bicameral agreement on an emergency supplemental appropriations package to do just that. The agreement provides a surge in funding at ev
Buybacks which up and told recently were illegal even do a stock buyback so this looks like nosebleed territory but its been this way now for a few years and it doesnt seem to be any stopped any any any any stop sign in the road it does seem to be any end to this for years id say all through the ninetys and the early 2000 most people in the market still had memories of real markets that you would genuinely that there was no fed to rescue everything so since greenspan in the introduction the put you know it took people a few years to realise that any. Time any even a slight i mean when when markets go down 11 points them up but the fed intervenes like so the fact is that. People now are the opposite of what they used to be they used to expect a cycle now they dont expect a cycle every participant in the market does not expect a cycle to ever be able to fulfill itself so that the fed will always tend to be of course i think that makes it probably more dangerous for when they do lose cont
In early 2006. I discovered that over 60 percent of these mortgages did not meet our guidelines they were by definition defective when i discovered this in this was june of 2006. Silly me i thought it was my job i started issuing warnings because i was supposed to make sure that these met our policy guidelines and i sent email i put it in my weekly report i made Committee Presentations i mean im not a shy guy i cornered people in the hallways at the water fountain and everyone say yeah yeah we we we know we need to fix that but nothing would happen. And through 20062007 the volumes kept increasing and the rate of defective mortgages increased from 60 to in excess of 80 percent it was 80 percent of these mortgages that we were in turn selling. And giving our representations and warranties that they were they met our policy guidelines did not meet our policy guidelines this is misrepresentation that is true as a matter of fact it was for all. Ive seen plenty of alone documents with my ow