Appropriation hearing but i believe the president has sent us two good nominees. We waited a long time on the vice chairman, supervision for the fed. I hope the hearing goes well and we can expedite these nominees and get them in place, thank you. Thank you, senator shelby. The hearing will come to order. We will consider the nominations for the comptroller of currency, joseph otting and Randal Quarles to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you and congratulations on your nominations to these offices. You have friends and family sitting with you and welcome them here as well. These positions are critically important to assure a safe, sound, vibrant Financial System. We are fortunate have two qualified individuals to consider for these posts. Joseph otting bring particular understanding of the Banking System from a long career in national service.
Of a College Professor tricks his students into stepping on the american flag. Discussed over a disguised doormats. Fox and friends first continues right now. Jillian nothing like a little kanye to get you going at 5 00 in the morning on the east coast. Rob makes me think of politics. Jillian you are watching fox and friends first on tuesday. Rob thanks for getting up early. Donald trump will deliver his first state of the Union Address to layout his aggressive agenda for 2018. More and more democrats are vowing to boycott this big speech. Jillian Griff Jenkins joins us with what we can expect. Reporter when it comes to the bully pulpit it doesnt get bigger than this. The headline will be the booming economy, record smashing market rates, unprecedented job creation but it wont all be a victory lap. He will use the occasion to push for bipartisan action on immigration. Works on it hard, covered a lot of territory, a Great Success for the markets and the taxcut, and important speech cove
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exchange john wray testifies before the financial services committee which is investigating the ftx crash. the company reported problems in early november, from liquidity issues. and shortly after, filed for bankruptcy. this runs three hours and 50 minutes. the committee will come to order. without objection, the chair is authorized to declare recess of the committee at any time. this hearing is entitled, investigating the collapse of ftx, part one. i now recognize myself for five minutes to give an opening statement. first, i would like to welcome mr. john ray the third. who has been appointed ceo of ftx to oversee its bankruptcy to testify before our committee for the first part of our investigation into the fall of ftx. i am hopeful that the arrest of mr. bankman-fried, founder and former ceo of ftx means he will be held accountable for the fraud he has committed and the harm he has caused. he was scheduled to testify, under oath, before this committee today. unfortunately
order. without objection, the chair is authorized to declare recess of the committee at any time. this hearing is entitled, investigating the collapse of ftx, part one. i now recognize myself for five minutes to give an opening statement. first, i would like to welcome mr. john ray the third. who has been appointed ceo of ftx to oversee its bankruptcy to testify before our committee for the first part of our investigation into the fall of ftx. i am hopeful that the arrest of mr. bankman-fried, founder and mr. ceo of ftx means he will be held accountable for the fraud he has committed and the harm he has caused. he was scheduled to testify, under oath, before this committee today. unfortunately, the timing of his arrest denies the public the opportunity to get the answer that they deserve. rest assured, this committee will not stop until we can cover the full truth behind the collapse of ftx. just a few months ago, ftx was one of the largest cryptocurrency exchanges in the wor