To political lobbying and haranguing, whether it comes from this end of pennsylvania avenue or the other end. I think youve stuck to your guns so far, but i want you to keep sticking to your guns i would like to turn to some questions about facebook and its proposed cryptocurrency, libra im a supporter of innovation in the Financial Sector, and if done right, this notion of a cryptocurrency could really deliver, i think, real benefits to the for increased friction, more access to consumers. But somebody who spent a lot of time the last couple of years dealing with social media and facebook in particular, i think it would be safe to say, and frankly, for people on both sides of the aisle, that facebook has quodeveloped sometn of a trust deficit and that the kind of Silicon Valley mindset of move fast and break things maybe works when youre just thinking about it in a technology framework, but when were thinking about the kind of implications social media has had around consumer privacy,
people, including a 9-year-old. they say a tip led to his arrest. also happening today, the fed is expected to raise interest rates again. the big question, though, is whether the fed chair, jay powell, signals that a pause is to come. also, the biden administration now signing off on sending 1,500 troops to the southern border ahead of an expected surge in migrants. and the u.s. announced a new immigration deal with mexico aimed at deterring border crossings. and new and promising data just released on an alzheimer s treatment. details about the drug the company says significantly slows cognitive and functional decline. and the new york times reports that said, quote, it s not how white men fight. new information on how that text may have contributed to his firing. cnn this morning starts right now. we do begin with the texas massacre suspect accused of gunning down five of his neighbors. he is now under arrest after a huge manhunt. the fbi says it received a tip
Their own studies show the main drivers of default are loan devalue, borrower credit score. Everything else is literally a rounding error. And so of course, the final doddfrank rules essentially abandon the things that actually drive default. And endless servicing requirements, again making it near impossible to foreclose. My opinion is the rule increased foreclosures last time around rather than decrease them. And the harder it is and the mission has nothing to do with financial stability. The mission is to use the the regulatory system to force prudent borrows to subsidize imprudent. We all knew the crisis was quite costly. It also will provide a cover for massive expansion and government powers. One minute. Im not even go i think to need that. So i would say and would say avoid financial cryises. I think a repeal is not enough. The presystem was broken. It was flawed. And to me one of the real flaws of doddfrank is it extends the precrisis system. The theme of doddfrank is, lets exp
Minerals for firms not only firms getting the actual hard commodities there, but also for firms well down the supply chain, who have no idea where the aluminum in the electronic parts came from. So i think its telling when a liberal law ultimately convinces the Washington Post Editorial Board that it was a bad idea, which they have come out against conflict minerals. Its time to revisit the motion all together of including immaterial disclosures in security laws. Both by legislative fiat and by the sccs own power. And republican and democratic chairmen have both been guilty of this. I think it should be a binding constraint on any rule making. And business round table stands for the proposition. How is a mandatory immaterial disclosure going to provide benefit to investors . None. By definition fails cost benefit analysis. We have ways to measure immateriality. Methodology that has gotten great in the last ten years. I think it should be a binding constraint, the same way for litigants
And the Charlie Hebdo and november 2015 terrorist attacks in paris. Just interviewed numerous heads of state including president barack obama and george w. Bush as well as senators, governors and foreign dignitaries. Before time, she was a small for bloomberg or she covered the white house, congress and the 2004 president ial campaign. She received an m. S. In journalism from columbia and an undergraduate degrees in International Relations and art history from tufts university. She was a 2015 Harvard Institute of politics fellow at the 2016 new America Foundation fellow. Welcome. [applause] tonight second panelist is the honorable kay hagan who serve as United States senator from North Carolina from 20092015. Prior to her time in the u. S. Senate she served and the North Carolina senate from 19992009. After taking office in january of 2009 senator hagan served on four committees the Armed Services, banking, housing and urban affairs, Small Business and not a partnership, and Health Edu