Do it, but i think well get our arms around it and it will work, but we cant rely on regulation alone and thats why you need moral hazard and no institution can be too big to fail. Thats why its just essential that we end too big to fail. I think weve gone a long way to doing that. I think the biggest way to do it is making sure the biggest, most systemically important institutions have significant capital charges and that the regulators have the tools to make sure we dont prop them up in the current form and they fail. I guess thats a semioptimistic note in which to end, so thank you all, and thanks to hank and david for a really informative briefing. Thank you. [ applause ] were going to leave this program and take you live to a capitol hill hearing for global assistance to the philippines after a recent typhoon devastated the country. Well hear from state department and u. S. Aid officials held by the Foreign Relations subcommittee. This is live coverage on cspan3. Good morning. Let
Directly impacted and they are worried about their well being. H they also are frustrated becaush they want to help, and how can they help . Que and thats a question were try going to try to focus on during this hearing, is how can individuals help in the responss effort, what is the best way to deal with it . Deal w i thought the meeting with billy was particularly helpful, but it was clear to me that we have to keep a focus on what is happening, and that brings me ts this hearing, the purpose, of course, to get an update where the circumstances exist today ie the philippines, what is the government doing, what is the W International response, and wha role america is playing on thise latest humanitarian need. With that, let me turn it over to senator rubio for his comments. Mr. Chairman, thank you for a holding this timely hearing. Over the past week, our hearts t have been broken by the news ans the images that have been comina out of the philippines, entire towns and villages, and,
Number one, mr. Speaker. The Prime Minister. Thank you, mr. Speaker comes to the whole house will wish to join me in paying tribute to warrant officer ian fisher of the first the type who was killed on operations in afghanistan on tuesday the fifth of november. It is clear from the tributes paid he was a professional and well respected soldier who made a huge contribution to the army over many years on a number of operational tours. Our thoughts and condolences should be with his family and his friends. This morning i had meetings with ministerial colleagues and others, and in addition to my duties in this house, i shall have further such meetings later today. Im sure everyone of us will want to in this season of her members we will always remember their service to our country. Hear your. Mr. Speaker, in piece across the house will have memories of the nightmare unfolding across the bank. Does the Prime Minister share my sense of his belief that a person such as responsible as he was f
Posthigh school, junior college, and the like, is the basic approach. But it is a very, very difficult problem. To bring the Federal Reserve into it for a moment, as i said theres not much the Federal Reserve can do about very longterm trends like this that dont really have much to do with monetary policy. But over the shorter period, our efforts to put people back to work, and we are making extraordinary efforts to try to increase the number of jobs in our economy, thats going to be important factor reducing inequality, because obviously the unemployed will be much better off if they have work, and labor income. Now we will in sequence have the most loaded and least loaded two questions in the pack. From ed wyler, how would you respond to criticism that quantitative easing has provi d provided, quote, trivial relief for main street, unquote, and then absolute coup for wall street. I dont want to shock you i hate to shock you but i dont agree with that. Whod have guessed . Its simply n
Myanmar s Muslim-minority Rohingya community is once again under threat of attacks and displacement as fighting between a powerful ethnic army and the country s ruling junta escalates in the. -May 27, 2024 at 03:31 am EDT
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