That the American Financial system. Kind of in 1858 in lynchburg virginia and grew up in the reconstruction self. Is this policy on the role of government was shaped by the views of thomas jefferson. For just 70 miles north. From 1903 until the early 1940s they played a key role in every important legislative debate. Its colleagues in the house, later in the senate, both democrats and republicans, as the go to expert when it came to baking issues. Our glass was a consummate politician. He was an expert when it came to reading the political tea leaf and crafting compromises that could be passed into law. He was wheeling to empower the federal government in his judgment circumstances were warranted. Twelve roosevelt progressive, he shepherded the most important progressive new deal reforms through the senate. Turn class had assault, he can be grumpy, but mostly in private. He was not a proponent of racial equality and thats putting it mildly. And he was a democrat. That was a joke. [laug
[background sounds] good afternoon, good afternoon and we will to the American Enterprise is to do. My name is paul, im an aei resident scholar and Financial Services of the organizer of todays events. This afternoon i am pleased to host matthew sake to discuss his new biography of carter glass. One of the most influential politicians of his time, and architect of key legislation that the American Financial system. Kind of in 1858 in lynchburg virginia and grew up in the reconstruction self. Is this policy on the role of government was shaped by the views of thomas jefferson. For just 70 miles north. From 1903 until the early 1940s they played a key role in every important legislative debate. Its colleagues in the house, later in the senate, both democrats and republicans, as the go to expert when it came to baking issues. Our glass was a consummate politician. He was an expert when it came to reading the political tea leaf and crafting compromises that could be passed into law. He was
Consider a twoweek government funding extension while negotiations continue on federal spending past december 22. Current Spending Authority runs out friday night. Also changes to the Small Business Merger Acquisition. Live coverage here on cspan. T. Today, we remember the lives lost at pearl harbor and the young men and woman who served today. In these troubled times of fires, floods, terror attacks, mass chootings, help us to rely on your strength to envision and build a stronger, more secure america. Give us more visionaries like father Edward Flanagan who founded on december 12, 100 years ago. He was an irish immigrant who lived the American Dream and taught us all that the troubled child can grow up to be a useful citizen if given half the chance. He saw the best in the kids that others rejected as useless. Help us. Especially each of our representatives to see the best in those that have different political or social views so we can together build an america that enables and call
Narrator and even from jail, kruse proves hes no average whitecollar crook. I sometimes like to call it my breaking bad case. It takes a really big leap for most people to go from Financial Crime to wanting to kill people. Narrator a oncesuccessful financial pro named paul kruse sits locked up here at the baker county correctional facility outside jacksonville, florida. Hes facing charges that, with the help of his brother, jon, hes taken the life savings of former clients, friends, and even family members. Though kruse has already signed a confession, hes now decided hes not going down so easy. He went from zero to 60, and i think it showed his true colors. He did not want to be held responsible for what he had done. Narrator for weeks, kruse has been angrily plotting revenge and meticulously planning the murder of the woman who turned him in. Today, hes eager to hear the news that will mean his freedom. [ gunshot ] [ birds chirping ] paul kruse has come a long way from his youth. Hes
Insurance companies are completely different. U. S. Insurance Companies Hold about 5 trillion dollars in assets today. In the feds proposed rule on capital standards, the rule is by Bank Regulators which makes sense for banks but they also apply to insurance companies. And insurance and banking are very different as i know you agree. Strong capital standards, they are important. But they must be appropriate for a Business Model they apply to. Will the fed perform a study specific to insurance before you finalize rules like you do for banks . We are discussing the feasibility of such a study. We recognize that there are important differences between banks and insurance companies. At the same time, of course, we have statutory constraints, the collins amendment, for example, that say a certain amount of capital is necessary, but weve also heard from congress about this insurance banking distinction, and were looking at it very seriously. We have been consulting i should say with the stat