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Order. Without objection, the chairs authorized weight recess of the committee at any time. This hearing is entitled oversight of the security and Exchange Commission. I inaudible recognize myself for four minutes with an Opening Statement. Good morning. I want to welcome back chairman clayton and welcome jackson,s placement and lee to this important hearing of the secs role in risk Capital Markets. Its the First Time Since 2007, that all commissioners at this Exchange Commission have testified before the Financial Services committee. I believe it is important for the committee to hear testimony from each of the commissioners including ....
Welcome. We get some insight into how the credit markets will perform with paulg to start lampert. Me now. With su, investors i know pulling perts fund lamperts fund. Anythingspinoff change for him . Theres a couple of things going on here. We can get to the money being pulled. Redemptions with submitted a year ago. Newshe spinoff very big today and impacts investors going forward. The funds main investment, has started to struggle as lands end remains here. , is the theme the spinoff is subject to approval by the board according to a filing today and would allow investors to not only share in more profit but separate a strong band, analysts say, from sears now struggling image. Of course, sears suffered 27 straight Quarterly Sales declines. Analysts say, again, its a good thing for investors and because end byds end has been weakened association with shares and could do better down the road. That is despite the fact that own str ....