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[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from illinois mr. Foster is recognized for five minutes. Thank you, madam chairman. Mr. Scharf, iraq with the concerns my colleagues on this committee about the extensive shortcomings of west fargo over a number of years past and do hope you are as committed and as successful in turning your dash as you stated in your testimony. Id like to bring up the issue of dreamers. This is ang issue that hits cle to home. Last summer a dreamer from illinois filed suit because he was wrongfully denied an auto loan because of his daca status. I was glad to see some of the changes that wells fargo has decided to implement recently including its plan to provide Daca Recipients with credit products, education loans and mortgages. I cannot emphasize enough how important this commitment is and hope you worked work diligentl ....
Hour the hearing is still going on behind me, but already there have been several fiery moments, including some from senator sherrod brown, the ranking democrat on the committee. In his opening statement, he compared facebook to a toddler playing with matches and said that it would be delusional for anyone to trust facebook with their finances, when the company has already broken so many promises on privacy. He then tried to get david marcus, a facebook executive whos testifying to make his own promise, and that is to receive his salary in libra. Senator, if your question is whether i would trust all of my assets in libra, the answer is yes. Do you trust this enough to make your compensation paid fully in your currency senator, i would, because it is backed one for one with a reserve. You could have said yes at the beginning of the question, then senator, with respect, i wanted to clarify that were not trying to compete with Bank Depos ....
Good tuesday morning. Thanks very much for joining us this morning. I hope you are having a good morning. I am maria bartiromo. It is tuesday, march 5 super tuesday 8 00 a. M. On the east coast, polls open biggest voting day of the pm primary cameraed super tuesday underway polls open parts of east coast after Supreme Court unanimously ruled to keep President Trump on 2024 primary ballot colorado Supreme Court said not up to states to decide eligibility of someone on the ballot 45th president responded sent a message to President Biden yesterday, watch. President biden number one, stop weaponization. Fight your fight yourself. Dont use prosecutors and judges to go after your opponent to try to damage your opponent ep so you can win an election our people cant stand ....
Thursday morning on cspan or on cspan now free mobile app up or discussion with your phone calls, Facebook CommentsText Messages and tweets. Bank executive from Silicon Valley bank, Signature Bank, and First Republic bank testified on the recent failures of joint subcommittee hearing. Rapid growth, Digital Assets and rapid deposit withdrawals were contributing factors that led to the collapse of the respective institutions. All makers asked about executive compensation and Risk Management. [background noises] Mike Emmanuel come to order. Joint ....