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Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payme ....
Guys are this is the kaiser report max and stacey are continuing our south american tour as you can see behind me we are in korea de janeiro mike so beautiful so much going on this is a country in transition i think stacy well that of course is sugarloaf back there behind you one of the most famous scenes of Rio De Janeiro we are here just as slap those tariffs on brazil for a legend really manipulating their currency but just like argentina of course they arent manipulating their currency theyre having a hard time maintaining the value of their currency not as bad as argentina here of course but of course but also narrow their new president you know hes been in office for a year hes a huge family of trump so the word on the street is how much he was humiliated by trump tweeting this out without informing him 1st yeah he was totally in shock with those tariffs that were applied and thats the world of trumps of also don is to get w ....
Mean its very famous people the idea of coming to rio and on the beach and all this stuff is very in peoples minds and they would dream of coming here but in fact the Tourism Industry is not really work could be due to a certain lack of infrastructure etc so that could be an area of big growth they could also be all the headlines in the news about the violence throughout rio it is one of the deadliest i believe the deadliest states of brazil and theres like 22 states here and i think it was Something Like 6000 or 6000 murders in 21000. 00 so you know mary baker from chicago can come down here during the winter and the murder rate would be roughly equivalent yes a lot sunnier but also there has been an ongoing Corruption Case member the carwash case that poll then. Lula and other major figures here so when we landed th ....
The oligarchs and course coffee was a high profile example that this could be similar there are dozens and dozens and dozens and dozens of people its not just this guy was a politician so theyre cracking down on politicians and the politicians receiving the kickbacks from major multinationals and various powerful corporations that control various sectors of the economy here it is a 2 trillion dollar economy a car according to the world bank 2017 data that gives it a g. D. P. Per capita of 9800. 00 so its a pretty big economy and a huge economy with p. P. P. You know when they adjust for purchasing power its a really massive economy its got a lot of resources its got a lot of potential be a slick so much of south america the colonial past as has been created a lot of the legacy problems and also during the seventys and eightys a lot of the the the interference from abroad particularly from the u. S. Has caused a lot of problems. So this is the mountain that needs to be climbed yes our g ....