[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
Sheriffs department and said it hadnt done enough research to make sure it doesnt violate privacy. And said even with a grant deadline, the proposal was being rushed before the board and the public. Everything i read about this Technology Makes meese think it is capable of doing far more than identifying someone through a triangulation system. If we use it judiciously which we plan to do and the people overseeing it will, i think were going to be okay. Were dedicated to preserving peoples rights. Reporter the board decided to approve the purchase but first as a concession the sheriffs use policy for the device will befbd several oversight committees that focus on Public Safety and g r t hahp hc other key decision today. Santa clara county and many bay area nonprofits are ignoring the legal fight over president obamas executive order and today pushing ahead with new programs and new immigration center. The board of supervisors led by cindy chavez approved two major steps to assist immig
Driver who left the scene after this mornings crash. Three of the five cars on the metra train tumbled onto their side and not much was left of the truck that was left behind. One witness said the crash sounded like a big explosion. Just a big like it was a bam. Boom. Like that. A teen by the conductor may have saved lives. When he saw the truck, he was able to slow down. Back here a deadly caltrain crash yesterday caused problems with this mornings commute. Crews are making repairs to a crossing gate. This was what was left of the acura suv there, behind the lights. A mangled mess of metal after the crash. The suv had been sitting on the tracks at a menlo Park Crossing around 5 00 last night. The 30yearold woman behind the wheel died. The crossing arms did come down witnesses say. Just as they were supposed to. Neighbors say, though there have been way too many close calls. Its difficult because i see cars hanging over the edge near the tracks and its scary. Its dangerous. Just a basi
You gotta go with the beasties. Thats the disguise you should go with there, the one that makes you look almost exactly like yourself . laughter even the bikers who wanted fruit on their ihop pancakes put in more effort to their disguises. What was this guy thinking . I feel bad for falciani. His heart was in the right place but his whistle blowing was in the wrong one. If he tried that america, things might have turned out differently. A pennsylvania accountant turned in his employer for failing to pay taxes. The accountant has been award nearly a quarter of the 20 million recovered. A former country wide executive is collecting a 57 million award. A whistleblower is receiving 63 million for Insider Information about bad behavior in jpmorgans mortgage division. Jon in American Finance snitches dont get. Snitches get riches, bitchs. I know why . Because in america, we respect and reward those with the courage to say, hey, whats going on here is wrong. Im going to tick a risk for the pe
Caught laundering nearly 1 billion in drug money. You heard the gasp. laughter what . Whats that . And like in most cases of drug cartel money laundering, the perpetrators were sent straight to pay a fine. laughter case closed. British bank hsbc is under fire again. The companys Swiss Banking arm is accused of helping clients hide billions of assets from International Tax authorities before 2007. Jon still breaking the bleep laws. I know youre british but keep calm and carry on wasnt meant for major financial crimes. Of think you can hide in switzerland . You should have known, where theres cheese theres a rat. None of this would have surfaced had it not been for this man, herve falciani, an hsbc Computer Security specialist at the geneva, switzerland branch. laughter jon falciani is a computer specialist. With a face like that, hell have to install a firewall, in my heart. But good on him the whistleblower falciani has done the World Economy a great service. How many medals of honors