Good morning and welcome to todays hearing that totality and i recognize myself for the Opening Statement and we need to finish the hearing before 1030 in the morning. We know we will be inspired by our Witnesses Today to harness the enthusiasm for the clips that we saw when people came together so my husband is a math teacher so he really is excited with whole generation of students that are interested and you translate that into a stem career were starting to hear from the Witnesses Today and now what will recognize the Ranking Member , the gentleman from california for his Opening Statement. The . . . Is exciting on august 21st i went to the Science Center in sacramento but was great is the number of kids that were out there with their glasses and amateur astronomers and that generation of scientists encouraging those to visit those hero scientist but she was one of the most enthusiastic people i have seen. The african have this enthusiasm and excitement i will keep my comments shor
[inaudible conversations] our meeting will come to order. Good morning and welcome to todays hearing that totality and i recognize myself for the Opening Statement and we need to finish the hearing before 1030 in the morning. We know we will be inspired by our Witnesses Today to harness the enthusiasm for the clips that we saw when people came together so my husband is a math teacher so he really is excited with whole generation of students that are interested and you translate that into a stem career were starting to hear from the Witnesses Today and now what will recognize the Ranking Member , the gentleman from california for his Opening Statement. The . . . Is exciting on august 21st i went to the Science Center in sacramento but was great is the number of kids that were out there with their glasses and amateur astronomers and that generation of scientists encouraging those to visit those hero scientist but she was one of the most enthusiastic people i have seen. The african have t
So, he trusted them too much, it turned out. Sunday night at 8 00 eastern on cspans q a. Next, economic scholars and banking experts discuss Monetary Policy and the impact of past Federal Reserve actions on small and large Financial Institutions. This was held by the American Enterprise institute. Its about an hour and 45 minutes. Good morning and welcome to the American Enterprise institute. This morning we have a very interesting policy session entitled how has a decade of extreme Monetary Policy changed the Banking System . Weve assembled a panel of experts, who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first reso
Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And
And be sometimes several screens simultaneously. And were getting messages sometimes from the same person in different channels, and then tough figure out you have to figure out did this text message come first or did this email saying, no, im going to meet you at the movie theater, and then you have to look at the time stamps, and the past is mixed up with the future. Meanwhile, we have tremendous is access to the past. We know more about the lives of bach and beethoven and mozart and mahler and have zinn sky than any of them knew about their predecessors. We have instant access to all of their music. The music from our personal pasts, the music that we loved when we were kids, its as available to us as music from ancient times and music thats just being recorded yesterday. And it all gets mixed up together. So were in a kind of eternal present. You say that theres a philosophy in our society that we should live in the present. Thats exactly where we should be. But that doesnt really