But was unable to send a ct, representative. Epa instead they submitted testimony and we have their testimony before us. Instead i ask it be entered into the record. And i also want to welcome to o. The committee senator bennett nd who will be here momentarily ano will be joining us not as a who member of the committee but as t member of the senate who will also be able to participate in this Committee Hearing. He will be here shortly. Mittee h in the interest of time, i wille withhold my Opening Statement the congressmans district tip includes silverton and north tet where the spill occurred. Mr. Tipton was elected to represent this area in november 2010. Orado wh congressman, your perspective i. Invaluable. We appreciate your service and look forward to your statement. Welcome, congressman tipton. He thank you, senator gardner. Extend my thanks to chairman vitter for convening todays my issues. When it comes to the impacts sse were going to be feeling in Southwestern Colorado but in
Understanding of their hometown economies and hear firsthand from their customers about why they visit the area. So planning governments judgment with their ontheground knowledge stands to hurt the economic harm already done to this area. We should see solutions to address these problems in the hands of the folks on the ground who have been working to solve these problems for years. The Good Samaritan approach i have been broaching, please be able to see both our senators from the state of colorado here who join with us in that concept of being able to address the problem and make sure were achieving a positive result, and i appreciate that support as one of the possible solutions as opposed to superfund designation. The animas river is a significant source of revenue in Southwestern Colorado and beyond, especially in the tourism season. This avoidable spill will have a significant impact, a longterm impact, and were working with state, local and federal officials to gather information
The reason why this is important is because the number one complaint that we received was the failure of vfg and its agents to redisclose the redirect risk. Because its illegal to sign away your pension, they could direct the escrow company, the Pension Company to redirect the funds back to a different account and no longer to that es ko account or if the pensioner got into financial trouble, the pension would get caught up and no longer go to the escrow account. They were no longer getting that monthly return. They were never warned that this was possible. A lot of the investors were Senior Citizens and thats how this was packaged to them. They were safe. You get a return each month. Some were told it was government insured, which was patently false. Another miscommunication and lie from vfg was the failure to disclose the fees involved in these type of products and youve heard some about that. They failed to disclose a fee break down on both sides. A pensioner never knee what their p
Were talking about real revenue revenue. We have a controversial story on cnbc. Com today. The headline reads is the 401 k experiment a failure . First we didnt know it was an experiment but we will get to that a little bit later. The writer of that piece on cnbc. Com says that the facts add up to an f for 401 k retirement plans. Weve heard from many of you on twitter as you respond to that article, but the author kelly holland, will be with us to back up that story and well be talking about it a little bit later. Yeah. Ted cruz he jumps the line. Hes now the first to officially declare he is running for president. So where will he get his money . Is anyone on wall street behind him . Well find out later on in the show. Lets get you caught up on the markets today. Kind of a quiet session even with comments by fed vice chair Stanley Fischer which well talk about in a moment. The dow is up 54 points. Were getting closer to an alltime high for the dow, too, as a matter of fact. S p is up
The woman in south london the body of thirty routes on your pants was discovered in a room of the plaza hotel in thailand. A devoted son and sister described the man who attempted to murder their dying mother. I didnt cook a meal farming family has a lucky escape as a large sinkhole it appears on their dime. She just tries to put them into the market and to his people or destitute useful. It was scary. You do welcome to six wong. The hrc on Disability Services group rehab has bowed to political pressure to disclose the story of its chief executive angela terms. After a Board Meeting this afternoon it was revealed but to be paid two hundred and forty thousand euro this year also pension contribution of six percent. The statement said shed wave bonuses for the last four years the organization that receives some eighteen billion euro in funding to the salaries of other top executives will be disclosed in next years annual report the board of the rehab who pander to our special meeting tod