U. K. Sounds a note of optimism. Make my day. Tough words from saudi arabias oil minister. Whoever gambles on this market will be quote ouching like hell. The under an hour away from start of cash Equities Trading in europe. Lets look what we have. Futures not all that convinced in any direction. Weakness in markets yesterday and equity markets, and nasdaq. Ar in u. S. Futures flat and mixed. We do see nasdaq futures heading to the upside. Because ofnificant the selling we have seen. Concerns about concentration and previous gains in the tech sector. We are digesting what we have heard from the fed. In assessments of weaknesses the u. S. Economy. The fiscal boost that will be needed. Lots of questions over the fiscal side of things. Modest gains coming through in asia. Asian stocks of around 0. 4 . The south korean market up a fraction of a percent. Elsewhere, fairly flat markets. Won up to anean eight month high. Dollar weakness part of the story. Keep an eye in oil prices. We mention
And the Community Banks. The Community Bank said, we will oppose any bill that puts us into the same regulator. That was the reason. That is what stop that. We could not overcome it. It was something i thought about before. There was no way he you could pass a bill over the strong objections over Community Banks. Were ready to lobby hard against this because they did not want to be with the big banks. Draft,009, i proposed a what i called a discussion draft of the bill. In the midst of all this, the Political Considerations work is shocking to some. Votes too get enough pass it. The reaction was overwhelming, for a number of reasons. The regulators were going to be out of a job, so they were opposed. Not a lot of constituency interest in the subject matter. I say respectfully of our colleagues, the idea of consolidation. Ts of consolidating, we grew if i had a magic wand, the one consolidation we would have rational world would you have a Security Exchange commission and the sharingies
Now, former Senate Banking Committee Chairman christopher. And former House Financial Services chairman barney frank about the financial crisis and the work they did. It is just over one hour. I want to introduce the moderator for this session but before i do, i want to point out that everything we discussed this morning and after this because theoot doddfrank act rose alt all of those issues and we dont really have to do with those anymore. I also want to thank barney frank for begetting with the spirit of the program. He knew we were going to heaven Abraham Lincoln lookalike contest so he grew a beard. We are delightful for that. Take no offense but if you read an act of cong larsonhe and jim siegel are as responsible as that statute as dodd and frank. Amy is the Senior Deputy comptroller of the currency and chief counsel. Ats is her second session the occ so you can see she is say she is occ through. Seriously, if you get to read that book, you will have great admiration for somebod
[applause] is there a nice woman that would like to inspect it in the audience . Its actually my hair. They say, you wear the worst hair piece i have ever seen. What a horrible wig. So i put on twitter, i dont. Its funny, when people want to keep but i like to defend myself. And the beautiful thing about the new media is that you actually can. If you have enough followers, i certainly have a lot. Many, many millions. You can protect. Its interesting. Sometimes ill be attacked. Then ill attack back really viciously. I never hear from that person again. Especially if its a famous person. If its not a famous person, they continue because what do they have to lose . I was attacked like by cher. She didnt like my politics. I hit her so hard, she still doesnt know what happened. The last i heard of her. I dont know. Rosie odonnell has gone around saying the worst thing i ever did was to attack donald trump. She attacked me. A young woman of miss u. S. A. , lovely young woman, she had an alco