You will be connected and hear the meeting and discussion, but you will be muted and in listening mode only. When your item of interest comes up, Dial Star 3 to be added to the speaker line. If you Dial Star 3 before public comment is called, you will be added to the queue. When you are called for public comment, please mute the device you are listening to the meeting on. When it is your time to speak, you will be prompted to do so. Best practices are to call from a quiet location and speak clearly and slowly and turn down the device you are listening to the meeting on. Public comment during the meeting is limited to three minutes per speaker unless otherwise established by the presiding officer of the meeting. An alarm will sound once the time is finished. Speakers are requested but not required to state their name. Sfgov tv, please show the slide. [text on screen] i would like to wish a happy birthday to Commissioner Ortizcartagena as well as Commissioner Dickerson. Call number 1. Cl
You will be connected and hear the meeting and discussion, but you will be muted and in listening mode only. When your item of interest comes up, Dial Star 3 to be added to the speaker line. If you Dial Star 3 before public comment is called, you will be added to the queue. When you are called for public comment, please mute the device you are listening to the meeting on. When it is your time to speak, you will be prompted to do so. Best practices are to call from a quiet location and speak clearly and slowly and turn down the device you are listening to the meeting on. Public comment during the meeting is limited to three minutes per speaker unless otherwise established by the presiding officer of the meeting. An alarm will sound once the time is finished. Speakers are requested but not required to state their name. Sfgov tv, please show the slide. [text on screen] i would like to wish a happy birthday to Commissioner Ortizcartagena as well as Commissioner Dickerson. Call number 1. Cl
You will be connected and hear the meeting and discussion, but you will be muted and in listening mode only. When your item of interest comes up, Dial Star 3 to be added to the speaker line. If you Dial Star 3 before public comment is called, you will be added to the queue. When you are called for public comment, please mute the device you are listening to the meeting on. When it is your time to speak, you will be prompted to do so. Best practices are to call from a quiet location and speak clearly and slowly and turn down the device you are listening to the meeting on. Public comment during the meeting is limited to three minutes per speaker unless otherwise established by the presiding officer of the meeting. An alarm will sound once the time is finished. Speakers are requested but not required to state their name. Sfgov tv, please show the slide. [text on screen] i would like to wish a happy birthday to Commissioner Ortizcartagena as well as Commissioner Dickerson. Call number 1. Cl
Technology, such as artificial intelligence or products like cryptocurrency, the recent growth of mega banks and mega banks actions to climate risk. I look forward to hearing testimony from all of our witnesses today. Recognize the gentleman from North Carolina Mr. Mchenry for four minutes. Thank you, Madam Chair, and thank you all for being here today. Were here today for the sequel that nobody asked for in 2019 democrats held this exact hearing to drill ceos. Republicans used the hearing to focus on systemic risk issues to our financial system. Clearly none of us could have predicted what would happen just one year later. The pandemic presented us with a once in a generation challenge. Congress, the fed, and treasury stood together and met this Crisis Head on. Your institutions also played a critical role, as did the financial system generally speaking. Banks of all sizes and credit unions of all sizes. Making sure support was available to families and small businesses. You deserve s
Hours. Stock prices are soaring, your own compensation as a stratosphere, the workers are getting a smaller share of the wealth they create and they are working harder than ever. We have a route racial Wealth And Income gap and in the aftermath of the 2008 recession where millions are their jobs, Wall Street made record profits in a pandemic or half a million americans died, we have the highest unemployment, Wall Street still made record profits. I sense a pattern. Like most americans, i want businesses to make money. Some people will be wealthy, that is fine with me. Heres the problem. Under the current system, Wall Street profits no matter what happens to workers because those profits now come at the expense of workers. Your banks are what build that system. We often hear about the invisible hand, but the economy is not physics, it is not governed by scientific laws outside of our control. It is made up of people making choices about values and the society we want to live in. The inv