Kissli. President yee all right. Good afternoon and welcome to the august 11, 2020 meeting of the San Francisco board of supervisors. I hope my supervisors had a full week off last week and was able to get some rest. As you know, were going to be doing a lot of work in august. Madam clerk, will you please call the roll. Clerk thank you, mr. President. [roll call] clerk mr. President , all members are present. President yee okay. Thank you. Please place your right hand over your heart, and will you please join me in reciting the pledge of allegiance . [pledge of allegiance] president yee okay. On behalf of the board, i would like to acknowledge the staff of sfgovtv, who record the meetings and make them available online. Madam clerk, are there any announcements . Clerk yes. Due to the covid19 pandemic, members of the board are participating to the same extent as if they were present in their chamber. The board knows that the Novel Coronavirus has made participation is more acute. Your w
Kissli. President yee all right. Good afternoon and welcome to the august 11, 2020 meeting of the San Francisco board of supervisors. I hope my supervisors had a full week off last week and was able to get some rest. As you know, were going to be doing a lot of work in august. Madam clerk, will you please call the roll. Clerk thank you, mr. President. [roll call] clerk mr. President , all members are present. President yee okay. Thank you. Please place your right hand over your heart, and will you please join me in reciting the pledge of allegiance . [pledge of allegiance] president yee okay. On behalf of the board, i would like to acknowledge the staff of sfgovtv, who record the meetings and make them available online. Madam clerk, are there any announcements . Clerk yes. Due to the covid19 pandemic, members of the board are participating to the same extent as if they were present in their chamber. The board knows that the Novel Coronavirus has made participation is more acute. Your w
Part to some financials like capital one, comerica, synchrony, discover, and wells its self up 7. 5 all session. Up sevenfargo itself point 5 all session. After the initial jobless claims data, a little move in treasuries, now at 61 basis points. Stimulus stems the effect of the covid19 crime is might be infamous, according to mike mayo. He writes in the shortterm, that the potential for wave after wave of support for the economy and unemployed workers. That plus an outlook on banks, which he says show a [inaudible] right now. Lets welcome mike mayo, wells fargo senior analyst. You talk about contradictions in banking right now, one of them being the present versus the past. What do you mean by that . , banks are treated as if it is 2008 in the middle of the Global Financial crisis. Night and day difference for the banks. We do see a contradiction. Today, banks have double the. Mount of equity over 50 more liquidity. They have gotten out of the most risky activities. It has oversight b
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The District Court committed multiple fundamental errors in refusing to dismiss this suit and plaintiffs can i ask you to speak up just a little bit . Bring the microphone a little closer, if you can. And the plaintiffs are fundamentally mistaken in asserting that this court is powerless to correct any of those errors at this time. Now, we have identified two different paths through which this court can have mandamus relief. The Supreme Court made clear that separation of powers considerations are of utmost important when considering mandamus petitions involving the president of the United States. For example, the court quoted chief Justice Marshall to say that in no case would a court be required to proceed against the president as it would against a private individual. And moreover, the court said that the high respect that is due the office of the president must be considered throughout the entire proceeding. Now, what does that imply in this case . It implies the following. Their p