Newsng the Deutsche Bank into context, type that into the bloomberg right now. What we have done for you, just bear with us. The white line is the size year to default for Deutsche Bank. This is the cost of a fiveyear credit swap, five years ago in 2011 at the height of the banking crisis. But the eye of the storm of the banking crisis, the cost of default back in 2011 was extremely explosively higher, where we are with Deutsche Bank right now. The question is in 2011, as our guest host, will explain a solvency issue and not profitability issue. This is in heart of the banking issue. Is the Systemic Risk . Makesand that chart things a little less worrying i suppose. We saw the respite for Deutsche Bank in yesterdays trading session. Just to highlight what he is been saying overnight capital raising, is currently not an issue, accepting Government Support is out of the issue. They will hold out overcast worried about u. S. Being overblown. That is Deutsche Bank. Manus the one thing i wi
Rejected. So my colleagues and i have been working with a wide variety of stakeholders, including many of you, to simplify things moving forward. Case in point is the qualified Residential Mortgage rule. As all of you know in august, six federal agencies including hud proposed a revised version of qrm to make it equal, qm. This is a direct result of the feedback weve received since the first proposal in 2011. You told us it needed to be refinded, and we listened. Refined, and we listened. Now our rule now some of our critics have called this a dilution of our rule. But as you know, qm itself is a very strong measure, as im sure director cordray will confirm later in the conference. And were confident that this will find the right balance between responsibility and opportunity moving forward. Another example of proper coordination is huds qualified mortgage rule which builds off the qualified mortgage definition set forth in cfpbs final rule. It extends the cfpb patch defining loans tha
Mr. Reid i ask consent the call of the quorum be terminated. The presiding officer without objection. Mr. Reid i ask unanimous consent the senate proceed to executive session to consider calendar nominations 272 and377. The presiding officer without objection. Mr. Reid i ask the nominations be confirmed en bloc, the motion to reconsider be considered made and laid on the table with no intervening action or debate and no further actions be in order to any nominations that any statements be printed in the record and president obama be immediately notified of the senates action and the senate then resume legislative session. The presiding officer without objection. Mr. Reid i now ask madam president , unanimous consent that the Judiciary Committee be discharged from further proceedings regarding s. Res. 254 and we now proceed to that matter. The presiding officer the clerk will report. The clerk s. Res. 254 designating november 2 2013, as National Bison day. The presiding officer without
Vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, the ayes have it, 5638. And the nomination is confirmed. Mr. Reid mr. President . The presiding officer the majority leader. Mr. Reid i move to proceed to the reconsider the vote by which cloture was not invoked on the watt nomination. The presiding officer the question is on the nomination. Is there a sufficient second . There appears to be. The clerk will call the roll. Vote vote the presiding officer anyone wishing to vote or change their vote . If not, the ayes are 54, the noes are 42, the motion is agreed to. Mr. Reid mr. President . The presiding officer the majority leader. The senate will be in order. Mr. Reid we have four unanimous consents for committees to meet during todays session. They have the approval of both me and senator mcconnell, and i ask consent that these requests be agreed to and be printed in the record. The presiding officer is there objection . Wit
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