Looked at and chosen that not to offer at this time until we figure out the risk. Were a little behind the curve on some of the new technologies. Thats the impact of the risks that we try to face each day. I want to get back to a few more questions with you. I want to just remind this committee where this all started from. I want to go back to september 25th, 2003. A hearing here at Financial Services committee hearing. Chairman frank, you said on the record, i do not want fannie and freddie to be Just Another Bank. If they do not more than Just Another Bank sorry. If they were not going to do more than another bank would be because they have so many advantages then we do not need them. And so therefore, i do not think, i do not want the same kind of focus on safety that we have at occ and ots. I want to roll the dice a little bit more on the situation toward subsidized housing. In the gsc act congress initially specified Affordable Housing goals of 30 of mortgage purposes. That goal i
We thank the witnesses for being here and it seems to have developed among some of the members that the costs of some of these regulations and the red tape thats resulted from these regulations, a lot of that has been testified to by mr. Wilson. A lot of it is either not real or either not real or if it is real its not having an impact or not significant. In fact, it seems that were heralding that this is a good bill because wall street has hit alltime highs. And i would suggest that may be true but it does not properly reflect the overall economy and the reality that the folks i represent are feeling. And i represent virginias fifth district, a rural district. 23 counties and cities. Mostly main street america. Weve had in the last six years unemployment in parts of our district as high as 20 . North of 20 . Theres still localities in our district where we have unemployment almost as high as 10 . Our economy is struggling and we need jobs and we need to capital. We had access to capit
Deaths continue to surge across the country. Today marks the deadliest day that we have seen in this pandemic since may. President elect bidens Transition Team is now one step closer to tackling this growing health crisis. Fauci says he is in contact now with the team. Cnn has learned that the white house has signed off on biden receiving the president s daily intelligence brief, possibly as early as today, and this is just into cnn, a Senior Administration official tells me that the National Security council is prepared for a thorough transition and that facetoface meetings among white house staff will begin soon with bidens team. That kind of information sharing is key. President elect plans to address the nation later today. President trump, hes still finding ways to undermine the election. Despite no proof of widespread voter fraud he will join his attorney Rudy Giuliani in pennsylvania for an event intended to cast doubt on the 2020 election. We will have more on that in a moment.
Workers lost their jobs so far during this outbreak. There could be more Economic Relief coming. A Senior Administration official tells nbc news, President Trump is planning to unveil a second task force that will be focused on how to open up the economy. But right now, there is a new battle brewing over relief on capitol hill. We saw hints of this yesterday and now it looks like the ugly politics is coming. This morning, Mitch Mcconnell tried to pass a bill that would add 250 billion to the paycheck Protection Plan which provides loans to Small Businesses. Senate democrats blocked the move calling it a political stunt and then presented their own plan. And it includes 250 billion in new funding for Small Businesses, plus another 100 billion in grants for hospitals, public entities and nonprofits to cover unreimbursed Health Care Expenses or lost revenues. And then another 150 billion for states, tribes and localities. Both plans failed to pass today. Im literally talking about deletin
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