I know you did not want to be very political, but do you put out anything at all . Because when i look at things that the government does, i draw a different conclusion than what my friend mr. Sherman draws. I see regulations that say the has regulation hayes regulation being implement it in the west, you cannot see the difference in the air. You have to have a computer to measure it. Using that regulation, coal miners being sent to the house in new mexico make 60,000 a year and they are going to be on subsistence level Government Support checks. That is an actual regulation that is penalizing the job market. I see those penalties, but do you all put out any kind of a fact sheet that says, look, you increase minimum wage, burger king is going to go and put kiosks in. The poor people are never going to get into the labor market. The gap between the rich and the poor is going to increase because we have outsourced and sent those jobs out of america on the low end of the scale that allow
Committee will come to order. The panel will take their seats. Chair now recognizes the gentleman from kentucky, mr. Barr, for five minutes. Thank you, mr. Chairman. Mr. Woodall, since youve been the topic of much conversation as a fi beta kappa from kentucky, fellow kentuckian im going to leave you alone for the most part today. Let me start with Bank Regulators, prudential regulators and just note at a macro prudential level fsoc and banking regulators have participated in International Agreements with the Financial Stability board, basel and other forums and the main difference between u. S. Requirements and those promulgated internationally is that it seems that our domestic standards are more stringent than our foreign counterparts. A few examples, capital surcharge on Global Financial firms nearly doubled the International Standard. Supplemental leverage ratio that is double adopted internationally. A liquidity coverage ratio more restrictive than the International Standard and a
Thank you. The gentleman yields back from a very salient point which i think he will agree with the chairman that just citing interconnectedness is not enough of a criteria because no one else from the panel, i see, was able to answer your question as well. My daughters former Lemonade Stand is also interconnected if you go through the whole realm so i think there has to be more substance to it than that. But with that, i will yield to mr. Tipton for five minutes. Microphone, please. Does that work . Thanks for taking the time to be here. We have a large group and id like to echo comments made by mr. Lucas and mr. Stivers in regard to Community Banks, something critical for rural america, particularly in my district. Youve had to raise your hands simply because of the size of the panel several times here but i would like to be able to just get a sense of your feeling on the panel who is concerned about the challenges faced by americas Community Banks and Financial Institutions in these
Include a Victims Compensation fund the company said it will set up. With more on this alan kam, former nhtsa official and director of Highway Safety associates. Always welcome to the show. Good to have you here. Two engineers are being suspended and some outlets are naming ray dejorio, gary altman, one lead designer of the switch. The other a Cobalt Project manager. Are these guys going to becomescape quotes . Well they each have a different kind of problem. Mr. Degorgio signed off on the product change from the gm supplier of the ignition switch, which is delphi to beef up the ignition switch somewhat even though it still didnt meet gms own specifications. Years later in 2013, he was deposed under oath and in Product Liability case, melton versus gm and he said, and he testified under oath that he was unaware of any Product Design changes in the ignition switch. So senator mccaskill said at the Senate Hearing last week he is lying. That appears to be the case. Gerri changed his stori
Financial markets. And in 45 minutes, a look at the world medicaid and the Affordable Care act. I got upset with the president because they covered my Mental Health work the first few meetings i had, and then they never showed up anymore. One day i was walking on the down floor in the white house and met this woman who was one of the press people. Never cover my meetings. Carter, Mental Illness is not a sexy issue. But we toured the country, found out what was needed, developed legislation, and past the Mental Health systems act of 1980. Monthsed the congress one was, as he said, was involuntarily retired from thewhite house, and incoming president never implemented it. One of the greatest disappointments of my life. First Lady Rosalynn carter, tonight and not 5 00 p. M. Now a Financial Stability Oversight Council discussion on Cyber Security and financial markets. The council, created by the doddfrank law, includes jack and and thernanke, heads of the fdic and the Consumer Financial p