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Good evening, everybody. Thank you for being here tonight to discuss for the 2nd time the va Inspector Generals final report entitled an appropriate use of position and misuse of Relocation Program and incentives. We are holding a 2nd hearing tonight because the witnesses we had requested to appear before this committee at the hearing on 21 october chose not to attend or blocked by the department of Veterans Affairs from attending. Their failure to appear let us to unanimously vote on an issue subpoenas to compel their testimony, something we have never done before. The five individuals we issued subpoenas to her danny pommel, diana reubens kimberly graves, robert mckendrick, antoine waller. As we learned at our last hearing, the ig report plays out the alleged abuse of the relocation expense and permanent chang ....
Testimony, something we have never done before. The five individuals that we issued subpoenas to where danny pomo personal deputy undersecretary for benefits, diana rubin is director of the philadelphia Regional Office, ms. Kimberly grace director of the st. Paul Regional Office, mr. Robert mckendrick director of the Los Angeles Regional Office, mr. Antoine waller director of the baltimore Regional Office. We learned at our last hearing the ig report lays out the alleged abuse of vas relocation permanent change of station programs costing hundreds of thousands of dollars in taxpayer money and now ms. Rubin sent ms. Gray said apparently in a properly use their positions of authority to put their own personal and financial benefits ahead of veterans, t ....
Over that 50 billion threshold and would save us some supervisory resources, this isnt a musthave. On living wills, the very largest banks in the country are even larger today than they were during the financial crisis, the living wills provision of dodd frank was to make sure the banks never threaten the economy again by giving regulators addition additional and only the fdic took the official position that the wills were not credible. The feds decision not to join the fdic has slowed both regulators ability to take additional action. Why would the fed voluntary give up additional authorities to force changes at problem banks . So, we took the position that this was a completely new process, and we stated this when we put out guidance on the living will process that we expected to have to work with firms for a few rounds in order to understand what we needed to see in a plan and to give firms reasonable guidance on our expectations. Last summer that is why we declined to join the fdic ....
[ applause ] thank you very much for that, pat. That was very inspiring to think about health as being much bigger than health kcare and trying to find the solutions to get us there. Now we are going to turn to avic roy who has just returned from his money moon. Hes the opinion editor at forbes. He has an interesting back glund includes both medicine and finance. Hes a leading conservative change agent and a sought after president ial campaign advisor. Hes currently advising senator marco rubio and has previously advised rick perry and mitt romney. Hes the principal author of the apothecary, the influential forbes blogs. And he also serves on the Advisory Board. Join me in welcoming avik roy. [ applause ] thanks, nancy, and let me just second what you just said there. Its i really enjoyed what andrew and pat had to say. I think its inspiring to see some people focused on improving the quality of the delivery of care. Its been a to ....