Bringing housing and affairs will come to order. Thank you from our eight witnesses today. Senator, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systemically important banks of the United States of america, your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in our country. You hold nearly half the nations deposits, more than 80 trillion in client assets, your banks touch almost every aspect of our Financial System and working americans money, even if they are not your customers. All of that makes you eight of the most powerful people in the country, the banks iran are so large, so complex, so interconnected, that their distress or failure could pose a threat to the entire global Financial System. You may be private companies, but the risks you take and the mistakes you make dont just affect you, they dont even just affect your customers, no
Oversight of wall street. Topics included International Competitiveness of us banks, proposed regulations that increased Capital Requirements aexrand access to capital for Small Business owners,veterans and underserved communities. Piggy â– hauser affairs will come to order. Senator scott, thankyou for your work on this. Ceos appearing before us daithe biggest global systemically important bankswi in the United States of america. Thanks old nearly 15 trillion in assets, manage trillions in investments and retirement accounts from the Biggest Companies in our country. Youll old nearly half the nations deposits, 80 trillion in client assets. Your banks touch ever of our Financial System even if they are not your customers. All that makes you eight onof the most powerful people in the country complex, so interconnected that their distress or failure pose a threat to the Financial System. You may be private companies but the risks you take mistakes you make dont just affect you, they dont
Goldman sachs, wells fargo. Senate Banking Committee oversight hearing is about 3 hours. Senator scott, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systematic banks in the United States of america. Your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in the country. You hold nearly half of the nations deposits, more than 80 trillion in client assets. Your banks touch almost every aspect of our Financial System in workingamericans money even if they are not your customers. You may be private companies but the mistakes you make dont just affect you, they dont even affect just your shareholders or just your workers, the mistakes you make affect the whole economy and as we remember from 2008, 2009 they can certainly affect american taxpayers. That amount of enormous power should also come with enormous responsibility. We finally have financial w
Neighborhoods 15 days ago is causing problems for people. Cydney long is live in Gloucester County with more. She has this report right now. It has been and still is a monster job. Were waiting for the cleanup now, you know. Getting to all of the fallen broken branches stumps leaves and debris left over from the storm two weeks ago. This is bells lake drive in Washington Township, and piles of debris still line the curbs on wedge wood. Were finally moving more aggressively than we have. Until today Washington Township had just three municipal crews on debris removal, now there are eight. Now with the pressure of more nasty weather. Trying to get as much done today before the rains come. You know we can only do what we can do. This is Mother Natures call. One silver lining. Its a silver maple. They carve pretty good. Brian was hired to preserve this tree. The homeowner planted the tree with his father decades ago. This is how we gave the tree its second life. I live in town. I had to cu
Rules. I would love to get a business license. I would be happy to pay taxes but i cant because its illegal. Of course, Society Needs rules, even enemies want rules before they fight. Rules, in a knife fight . No rules. Would america be better off if we had more Rule Breakers . There aint going to be any rules lets get the fight done. Lets get the show started. Rule breakers, thats our topic tonight. And now john stossel. We need some rules. Rules headache life safer, more predictable, but when rules multiply, if they have, we are better off when some people break rules. Show us new ways to do things. The Wright Brothers did that when they built an airplane, henry ford when he created the assembly line, jeff bee zeros, now airbnb break the rules. Mic decided to honor violators by creating what he calls rule breaker awards. Every year he gives awards to whom . Well, we recognize the greatest people this can country has to offer, Rule Breakers. These are people that are changing the indu