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celebrate it with you and i want to thank your wife for being by your side here in this service. so again, look forward to moving this nomination through as quickly as possible so we can get the board of governors operating under regular order. they have filed responses to bio graphical and answered questions and had financial statements reviewed. without objection, this information and my written opening statement will be immediate part of the hearing record on file and available for public unspecks at the community offices. this hearing will remain open until tomorrow june 11th, 12:00 p.m. for submission of statements and questions for the record. this hearing is adjourned. senator thank you very much. you re welcome. wlr . coverage continues tomorrow when donald trump announces his decision whether to run for president. can you see that live at 11:00 a.m. on c-span 3. like many of us, first families take vacation time. and like presidents and first ladies a go ....
of our debt. strong employment numbers. and we went really made the case my last year as governor for triple-a credit rating. and lowe and and behold, we got aaas. we still have it. they said to us at the time, they said you have a liability that you re not addressing. and i said what is that? and they said we used to have when i became state treasurer we had no money in our pension fund for employees, for our retirees, none. we used to sell revenue anticipation of the taxes and revenue anticipation to raise money to be able to pay make pension checks every month. and we fixed that. fully funded in ten years. but they said you have all this big liability for health care and you not set aside any money. you said you need to do something about that. they still gave us a aaa rating. and we tried to address that. it s a real liability. but in order to get president bush to sign into law postal legislation, we had to not only recognize that liability but they had to pay ....
and react to go old problems rather than threats that lie ahead. the old approach did not work. regulators did not respond in time to prevent a crisis. we cannot go back. that means we must not only remain steadfast in opposing efforts to roll back reform but we must continue to build on the progress we have made. the work of the council has been critical and it s important that the council continue to have the tools necessary to respond to future threats as they emerge. i want to thank the other members of the council and all the staff involved in the development of the 2016 annual report for their hard work and commitment. i would encourage the committee to build on the progress we have discussed today. the recent news of consumer fraud by a large firm should strengthen our collective resolve to work together to build on wall street reform rather than advancing legislation that would return us to the days we had broad, regulatory gaps and weak consumer protections. go ....