This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fail, and are even more leveraged than they were before the financial crisis. And taxpayers remain on the hook in the event of the next market downturn. In march, President Trum
And not instruct all of those agencies that they have to all work together. Maybe some of them want to participate and some do not. Maybe its appropriate for some of them. Our reasoning for recommendation is because each provides some level of information and knowledge and expertise that i think it was out that entire package working together of departments that i think will get the best results with that entire package of departments working together. I dont disagree. Is should the right word . Do you want it to be stronger or weaker . I think a little more encouraging, less mandating, directing. Does that make sense . Weaker, i guess, would be the vote. Are you thinking it should be stronger . Shall would say these are the departments that need to be at the table. Should is should is the weaker version. I was thinking you were going in the weaker direction shall means mandating. Should is recommending. Right. Okay. That was the attorney in me and which i am not an attorney, and revea
Good catch because generally shall means its mandated. So should and shall. So is that your recommendation is that it maybe turn it down a notch. And not instruct all of those agencies that they have to all work together. Maybe some of them want to participate and some do not. Maybe its appropriate for some of them. Our reasoning for recommendation is because each provides some level of information and knowledge and expertise that i think it was out that entire package working together of departments that i think will get the best results with that entire package of departments working together. I dont disagree. Is should the right word . Do you want it to be stronger or weaker . I think a little more encouraging, less mandating, directing. Does that make sense . Weaker, i guess, would be the vote. Are you thinking it should be stronger . Shall would say these are the departments that need to be at the table. Should is should is the weaker version. I was thinking you were going in the
Quick question. The attorney in me in here is wondering, should is an optional request. It is like so i am getting down to the part further resolved, economic mitigation measures should be developed in partnership with merchants, osb, oewd, and sbfc, controllers office, City Attorneys office, board of supervisors. Are we i would say, commissioner, good catch because generally shall means its mandated. So should and shall. So is that your recommendation is that it maybe turn it down a notch. And not instruct all of those agencies that they have to all work together. Maybe some of them want to participate and some do not. Maybe its appropriate for some of them. Our reasoning for recommendation is because each provides some level of information and knowledge and expertise that i think it was out that entire package working together of departments that i think will get the best results with that entire package of departments working together. I dont disagree. Is should the right word . Do
Bringing it. Commissioner laguana. It is fine. So we have a motion by commissioner dwight and seconded by zouzounis. Do you want to read it back . Motion by commissioner dwight, seconded by commissioner zouzounis, to support the legislation provided that a study will be completed to determine how many consumers currently bring their own bags and to include, if possible, a breakdown of the demographics of those consumers. Perfect. Roll call vote. Commissioner adams . Yes. A commissioner dwight . Yes. A commissioner ortiz . Yes. A commissioner yeeriley . Yes. A commissioner zouzounis . Yes. Motion passes 60 with one absent. Thank you very much. Next item please. Thank you. Item 5, continued from may 29, modified resolution urging the mayor and San Francisco board of supervisors to adopt the Small Business commissions recommendation for economic transition assistance for Small Business impacted by city bans on the sales of certain tobacco products. Discussion and action item. Commissioner