You go to a Department Store and as a young person youre not afraid to ask questions of your parents. I would say, why is there a colored restroom, why is there a white restroom . Why do signs there for, and water fountains and white water fountains . I was told that that was the way his. I said, why . Arts we all people arent we all people . I did not go to school with any africanamerican or other ethnic groups. That has greatly changed. Much to my delight. I went to undergraduate school at clemson university. I went there for Architecture School and they were one of the first to admit an thecanamerican into african and Architecture School. It has been a wonderful experience for me personally to see the change that is happened. I first worked with the native american community, we did a Cultural Resource center for the smithsonian. Over 12 years, you learn a lot. You learn a lot about the culture that is different than yours. Hoping that will be the case when people come to this museu
Other. And recognize the common humanity that makes america what it is. [applause] that is a lot of weight to put on one institution. But michelle and i have taken michelles mom and our daughters to see it, we feel confident that it will not just meet expectations, but far exceed them. It would not have happened without all of you. You should be very proud. Congratulations. God bless you. [applause] [cheers] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2016] now, a press preview of the Smithsonian National museum of African American history and culture. We will hear remarks by founder, lonnie bunch of the smithsonian. This is about 25 minutes. [applause] good morning and welcome. What a crowd. We are delighted to have you here and i have good reason to believe that when you spend some time here, you will say that you have been delighted to be i
Focus today, the biggest names in Monetary Policy in paris for the International Symposium. Speakers include janet yellen, mark carney and kuroda. Lets bring in our chief economics correspondent on the ground. Simon, we talk a lot about divergence. How much our people worried about this on the ground . They are very much worried. Former elerian, the chief executive of pimco, talking to the conference moments ago and talking about this divergence. It is a big issue for the Financial Markets next year. We are seeing signs of that divergence within the last 24 hours. Just last week, the fed pulling back and ending quantitative easing. Divergence, a big theme of today. Who should be the most worried in all of this . Europe is a big factor. Also, kuroda is here. The bank of japan surprising markets last week. Have beenntral banks pointed in the same direction and now they are starting to move away. This is going to be a real challenge for investors next year to work out where the money is c
They dont want to be designated but they also said the fact that they are closely supervised by the that is one of the most to the community. So the fact that they dont want to be close and supervised by the fed is simply the size alone and theres nothing they can do about it unless you want to break up fidelity. Thank you for asking. Okay, so banks greater than 50 billion dont have a choice. That is my time. Im sorry, did you want to talk over me . We know that. Believe it or not, the time alongside the gentle lady from new york. So why did they not want to be designated. Designation and supervision is what leads them to think this, so why would they not want to be designated. Again, at the time alongside to the gentle lady from new york area. I rather hear discussion between the two of them than the majority of people here on both sides. You are recognized. I agree with that. Here you have to have designation, which is aig and he had no choice and they were silent and the other Insur
And they wouldnt have stopped any of it. You couldve made all those bad Mortgage Loans. And then the question is if you break up the bank and its its part of the issue. Its one of the things that we asked him to look at with regard to discretion. And so why i changed my own position, i believe didnt agree with this but they are part of the complexity and i think that its not just about complexity but its a very good way to diminish this complexity. So my question is what is the level in which you have to get them down and precipitating this was a failure of the Lehman Brothers, so presumably if you think that no bank should be too vague than the big issue would be Lehman Brothers was like this at the time. And so then how does the federal Government Order dismantlement. I do think the complexity issue of the bull rule also has an amendment that was offered by paul when he was here which does give the fed the power to order the divestiture of any particular segment in particular institu