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re-election bid. the republicans who jeered and booed his speech. the threat of severe storms and tornadoes across the south. al roker tracking it all for us. the deadly crash. a city bus slamming into a day care. the charges the driver is facing. the alex murdaugh murder trial halted for hours. why the courthouse was suddenly evacuated. the family terrorized with racist threats caught on doorbell cam. the charges announced today,but why did it take police more than a year to make an arrest? our nbc news exclusive. on the ground with the u.s. troops training somalians to take on one of the world s biggest terror threats. and all hail the king, lebron james earning his place in nba history. announcer: this is nbc nightly news with lester holt. good evening and welcome, everyone. the clock and the calendar say time has nearly run out to find survivors in the earthquakes that rumbled across turkey and syria. heart and raw determination tell another story ....
Wouldnt a level Playing Field as you said from your testimony, we have concerns about things like there is a some Data Retention obligations and we think you could do it differently. There is a best interest contract framework and weve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. We have a point of sale disclosure requirement and people have said that that is not necessary. And so what weve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. How do we retain that north star of enforceable best interest contract and still get it done and that is the feedback weve been getting and it has been helpful. And youve incorporated it. We havent made final decisions yesterday. We wont put out a rule until weve gotten all of the comments. Im confident if history ....
Their own studies show the main drivers of default are loan devalue, borrower credit score. Everything else is literally a rounding error. And so of course, the final doddfrank rules essentially abandon the things that actually drive default. And endless servicing requirements, again making it near impossible to foreclose. My opinion is the rule increased foreclosures last time around rather than decrease them. And the harder it is and the mission has nothing to do with financial stability. The mission is to use the the regulatory system to force prudent borrows to subsidize imprudent. We all knew the crisis was quite costly. It also will provide a cover for massive expansion and government powers. One minute. Im not even go i think to need that. So i would say and would say avoid financial cryises. I think a repeal is not enough. The presystem was broken. It was flawed. And to me one of the real flaws of doddfrank is it extends the precrisis system. The theme of doddfrank is, lets exp ....
Sometimes they are not. Its already confusing to begin with. We need one standard and it ought to be the best interest. I love the one standard. I love the best interest tests. I assume there are a lot of people who are making a lot of money. So ive got to see, this one seems like a nobrainer to me. Hard working americans who manage money for their retirement should be able to trust that their retirement advisers are looking out for them. And besides that the thousands of honest hard working advisers and brokers around this country who already put their clients first every day shouldnt have to compete against those unethical advisers who dont. I understand why were in this fight. I understand there are people who are making money for keeping this game rigged, but we dont work for them. Time to level the playing field. Thank you mr. Secretary. Thank you mr. Chairman. I want to introduce senator kasich who will be brief within thinks five minutes and i think well have enough time to hear ....
Minerals for firms not only firms getting the actual hard commodities there, but also for firms well down the supply chain, who have no idea where the aluminum in the electronic parts came from. So i think its telling when a liberal law ultimately convinces the Washington PostEditorial Board that it was a bad idea, which they have come out against conflict minerals. Its time to revisit the motion all together of including immaterial disclosures in security laws. Both by legislative fiat and by the sccs own power. And republican and democratic chairmen have both been guilty of this. I think it should be a binding constraint on any rule making. And business round table stands for the proposition. How is a mandatory immaterial disclosure going to provide benefit to investors . None. By definition fails cost benefit analysis. We have ways to measure immateriality. Methodology ....