in the the shift that monetary -based crime, the traditional activism to cause the victim pain, the service attacks for their data through a public data but add crypto where to that tool belt and you can now lock up your data, you can t even touch it anymore. it is kind of a scary proposition. it is almost time to turn it over to the audience so that they can ask questions, but questions, but before i do that i just want to give everybody a chance. we talked about a lot of things that we think may happen. what is the one most important thing that we can do to be prepared? all start with you. how to be prepared. symposium s like this are some of the most important things we can do. if you have this conversation with your family my wife rolls rise up in her head. my mother-in-law thinks him an idiot. so we have to find ways to make these kinds of conversations easy to understand for the normal person who does not think car internet connections are interesting. so having t
if we know we re getting good loans and we ve done our due diligence at the front end, then we can we ve got more control over that process. but i can assure you that when there s fraud or misrepresentation in the process, we will retain the ability to put back loans throughout the life of the loan. i hope that means you re vigilant that the tendency here could be that this gives banks the benefit of the doubt that homeowner s don t get, but i know your values and i know what you re doing in that job and i know you ll be vigilant about that. speaking of potential fraudulent activity that you mentioned a second ago. the new york times highlighted fanny and freddie s use of debt collectors to pursue families who lose their homes to foreclosure for any debt that wasn t covered by the value of their home as it was under water. homeowner s just starting to get back on their feet for a year or two years or even longer can find themselves with tens of thousands of dollars of n
adjusted are complicated. so what we re trying to do now is get through an analysis of not only fico 8 and 9 but an alternative scoring credit scoring model and try to come up with a system that is a better system and then adjust the operational things that it would take to let me cut you off there. i only have a little bit of time. i encourage you to put pedal to the medal in that regard. we have pedal to the medal. we are at it. i guarantee you. i m not quite persuaded of that, but thank you for pursuing it because a lot of people would be more fairly treated with an appropriate credit model. i wanted to turn to first place insurance. there s been reports from npr and ap recently but these issues go back a long ways. it s something i ve been pointing out a long way. the kick backs that go to mortgage insurance often drive people into foreclosure and of course that has an impact on your agency. i understand that in june you all did issue a requirement that these kick
honors the rangers who gave their lives under heroic circumstances. we have paintings of all those rangers. they begin with steven f austin. he was very successful with his rangers. they fought not only managed to make the area reasonable safe from indian raids but when the texas war for independence broke out the rangers played a major role in texas gaining its independence by sending off the mexican army long enough to allow the colonist to build their own army and as a result texas became its own individual nation, the republic of texas for several years. . good afternoon and welcome. my name is myron bellkind, i m a professor, former bureau chief for associated press and 107th president of the national press clu club. we are committed to our future with events such as this while fostering a free press worldwide. for more information about the nation press club please visit our website at press.org. i d like to welcome our speaker and those of you attending today s event
i know he is looking forward to adding that time away. going to bek we are showing the film here anytime soon, but i would not rule it out necessarily in the future. i missed your briefing yesterday, so if this is well how will we know in six months, in a year, at 18 months, whether the president s overtures to cuba have worked based on your own internal guidelines and criteria? are there concrete deliverables? can i look out of can i look at the news out of cuba and say they let those prisoners stay and continue their activities? the resortreed up workers in results that cater to western tourist? are there things i can look at in here and have to make that judgment? the first thing i will point the president acknowledged pretty directly we are not going to see changes overnight in cuba. socialypes of water changes take time. we certainly should have seen a lot more progress over the last 53 or 54 years since the embargo was put in place. that is a reflection of the fac