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We try not to opine on whether theyre correct or theyre not correct. But on, as you asked what the potential spillovers or impacts on Financial Stability could be of asset price revaluations, my assessment of that is that as asset prices have moved up, we have not seen a substantial increase in borrowing based on those asset price movements. We have a Financial System, a Banking System thats well capitalized and strong, and i believe its resilient. Okay. Thank you. Time of the gentle lady has expired. The chair now recognizes the gentleman from missouri, mr mr. Lucamire, chairman of the subcommittee. Thank you, mr. Chairman and thank you, madam chair, for being here today. As chairman of the Financial Institutions subcommittee, my concern is the overs ....
By the time i took this job in 2015, having come out of the private sector. All the loan funding had been obligated and my principle focus was to ensure we had the best possible oversight practices, one of the first things i did was hire an independent Consulting Firm to do a Risk Assessment of all the companies fresh. Our approach was driven by three unique challenges. First, the challenges coops have had should not be viewed as a co op problem. But as a Small Business startup problem in a very difficult industry. I hazard to say that all the Small Companies experience similar challenges. Co op and nonco op. While we were making loans with companies to 30 to 50 employees, they are competing with companies with multiple thousands of people and worth tens of billi ....
Generating 46 million in proceeds. Beyond our brick and mortar infrastructure is our Information Technology infrastructure in which the government and the Global Economy depends. Reliable i. T. Is vital to all of the services the government provides. However, many agencies are not able to effectively have i. T. Infrastructure, emission writ call systems due to large upfront Capital Investment needs and increasing share of costs that maintaining these older systems occupy in technology budgets. To address these issues, the budget includes requests to establish a 3. 1 billion Information Technology fund, which would be used to retire and modernize legacy and Information Technology syst ....
Good afternoon. Im mike mibach. A San FranciscoHigh School Student killed. His mother and sister injured after they were involved in a horrific collision at gough and pine. Tara moriarty joins us live from pine and gough where several blocks are still shut down. Reporter well, witnesses including two Police Officers say that an elderly woman who was driving at speeds up to 80 miles an hour before she crashed into a white catering van and the gold colored minivan that you see, killing a teenager. The major accident Investigators Team is still reconstructing how all of this unfolded so tragically. Two twisted heaps of metal live in gough and pine streets. The witnesses say it sounded like an explosion. The van was airborne. Reporter tanya smith says it was s ....