Subcommittee. The four companies represent in sports and on its larger Strategic Vision for engagement with the United States. This hearing will come to order apologies for beginning a little bit late. We had a vote going, about 5 30, but i want to thank the foreign for individuals for being with us today and thank, as well, my friend, senator johnson, as Ranking Member for his cooperation and his support in moving forward with this hearing. A lot going on. Of historic magnitude, before the United States senate, but the issue before us today is truly of historic consequence in president ial and practical import. The issue is, in fact, whether for companies sitting here today represented by barry able leadership accepted their obligation to respond to congressional subpoenas. Their apparent refusal to do so in full is not only unprecedented but it threatens opening the door to other United States companies cloaking themselves from scrutiny whenever they work for a Foreign Government or
Good afternoon, everyone. Thank you for being with us our audience. Today is here at the competitive enterprise institute. My name is kent lassman im the president here. Im joined by Mark Calabria. It is also so welcome to our online participants. I will be taking questions throughout the hour in the room there will be a microphone available thatll be coming around to make sure that youre heard. And if youre online and you want to take part. The conversation with mark, our author today. Theres a q a function found at the bottom. Your screen. You can type in your question and itll be fed to me here at the front of the room today, were going to talk about shelter, the storm marks new book about a very interesting time in americas financial history. This is the intersection of covert government and some shakiness in the mortgage rental markets. I learned a lot reading the book. I look forward to the conversation and i just want to get started with a big thank you not only to you, for the
Emerging says one analyst and its not too late to get in on the action he is here with the trade and the upside of this industry. Now a check on the markets the major averages are rebounding, but the chart of the day right now once again goes to new York Community bank corps. Believe it or not. Down more than 40 so far on reports thousand that the bank is seeking a major Capital Infusion from outside. And thats where we are going to start with these green markets, a very deep red picture, and leslie picker has the details on nycb so it appears to be that this would be an Equity Capital raise, and that they reached out to a variety of investment firms. My understanding in talking with a couple of indirect sources over the last few minutes or so is that this is likely a lot of these conversations are more in the private realm opposed to public investors and that they have been going on for quite sometime, because one of my Big Questions was, why is this coming out on a wednesday typicall
This hearing will come to order. Apologies for beginning a little bit late. We have another vote at about 5 30. I want to thank the four individuals or Witnesses Today for being with us. And i would like to thank as well my friend, senator johnson, for his cooperation and support in moving forward with this hearing. A lot going on of historic magnitude before the United States senate. But the issue before us today is truly of the store consequence in president ial and practical import. The issue is in fact whether four companies sitting here today, represented by very able leadership except their obligation to respond to congressional subpoenas. The apparent refusal to do so in full is not only unprecedented, but it threatens opening a door to other u. S. Companies cloaking themselves from scrutiny whenever they work for a Foreign Government, or even a foreign state owned enterprise. This potential shield invoked by these four consultants risks blocking not only the subcommittee, but a
This hearing will come to order. Apologies for beginning a little bit late. We have another vote at about 5 30. I want to thank the four individuals or Witnesses Today for being with us. And i would like to thank as well my friend, senator johnson, for his cooperation and support in moving forward with this hearing. A lot going on of historic magnitude before the United States senate. But the issue before us today is truly of the store consequence in president ial and practical import. The issue is in fact whether four companies sitting here today, represented by very able leadership except their obligation to respond to congressional subpoenas. The apparent refusal to do so in full is not only unprecedented, but it threatens opening a door to other u. S. Companies cloaking themselves from scrutiny whenever they work for a foreign government, or even a foreign state owned enterprise. This potential shield invoked by these four consultants risks blocking not only the subcommittee, but a