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CSPAN3 Facebook Co-Founder Mark Zuckerberg Testifies Before House Financial... July 13, 2024

Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, Mark Zuckerberg. Facebooks plans to create a Digital Currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Securi ....

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CSPAN3 HUD Secretary Carson Treasury Secretary Mnuchin Testify On Housing... July 14, 2024

This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and secretary of housing and urban development, both of whom have submitted reform proposals to the president , as well as the director of the federal Housing Finance agency who serves as the regulator conservator of freddie mae and fanny fannie mae and freddie mac. It marks 11 years since the government bailed out and put those where they remain today. Prior to 2008 the Government Sponsored Enterprises held . 45 in capital for every 100 in capital for every 100 in mortgages guaranteed. Now they hold just . 19 after a 200 bailout from taxpayers. 11 years later these systemically
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CSPAN3 HUD Secretary Carson Treasury Secretary Mnuchin Testify On Housing... July 14, 2024

This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fa ....

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BLOOMBERG Bloomberg Markets Americas July 14, 2024

Out there. Jonathan the president said he is not concerned about the negative reaction for markets. Is that a change in stance from the white house . Kudlow know, as i understand that he is just responding to the media response. A day or two in the stock market doesnt make a trend. Jonathan last week was really confusing. Outrolled out you ruled fx intervention , and then the president said he hadnt ruled it out. Kudlow he said having a strong dollar, theres a reason its so good. Having a strong dollar is having a strong dollar. Having a strong currency shows what an amazing country. I stand by those remarks. I thank him for making them. We havent ruled out any currency intervention. , and theem here president has said many times, it is not that our dollar is strong and reliable and dependable. We love that. Money is coming here from all over the world. We are the hottest economy. Where the only real major country with solid growth and investment returns. The problem here is the presid ....

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CSPAN3 Housing July 4, 2024

Hours and 20 minutes. [inaudible conversations] the subcommittee on housing and insurance will come to order. Without objection the chairs other is to declare a resource recess from the anytime. Without objection on members have five legislative days to submit extraneous material to the chair for inclusion in the record. I now recognize myself for five minutes to give an opening statement. Today the subcommittee will hold a hearing to discuss the lack of Affordable Housing in many communities across the country. In particular we will examine governmental barriers as well as marketbased solutions to bring down the cost of housing. Americans spend more in housing than any other household expense representing 33 of that the familys budget. Historically. Families in many areas of the country would love to get back to that level. The rising home prices and rents as far exceeded, as far exceeded the rate of wage growth, so in cincin ....

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