Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
The mayor is responding tonight. Reporter parts of downtown oakland are a mess today after a protest last night and the aftermath. Boardithows the painting over graffiti at Police Headquarters and u. S. Mail trucks. Last nights demonstration in oakland has cleanup crews busy today. The demonstration was loud, but peaceful early on last night. The stated purpose of the protest was for oakland to show solidarity with the demonstrators in portland, facing off with federal officers in a demonstration that has lasted nearly 2 months. They also wanted to reiterate that blacklight matter. After it got dark, it got ugly. T county courthouse. Burn it down. Reporter others not down barricades at Police Headquarters. Oakland Police Reported vandalism in multiple small fires in downtown oakland. Several people were arrested. Vandalizing our downtown gives donald trump the images he wants and the justification he seeks to send federal troops into american cities. We cant be full and play into his t
The rhetoric of economics, and why liberalism works host Deirdre Mccloskey gun in your moscome in your most re, why liberalism works, you write that the west side of chicago should be a heigh high first commercial at diggity. Guest because then people would have jobs other than dope sellers and can because once it was before the highly segregated history of chicago extended to the west side there were lots of factories and jobs, and now because of regulations of various, its not. Its just a free zone. There are some by the sheer act of will kept th take to the strn good condition. Host use a regulations. Give an example. Guest business in chicago in most places in the united hates its worse than brazil or egypt. It takes months. Its hard to do. Youve got to get permits and a business license to braid hair, a famous case. To earn a living breathing hair you need a state license. Why should people have to jump rough these hoops to start a business . In the 50s and africanamerican and urb