Out of. If you could perhaps speak to that issue, protecting and hardening it to our terrorisms. Thank you for the question, chairman smith. I will defer to my colleagues specifically in relation to power africa and those engagements. I can tell you the recognition that we encounter from Energy Companies and energy agencies, ministries in our International Engagements to an everincreasing degree recognize the importance of protecting infrastructure. One of the things the department of energy does is to enter into cooperative engagements with Key International partners. We do this at their expense, at the expense of the host country to help them identify older abilities, vulnerabilities. Plan their systems so there is resilience to in the threats, at all hazards approach whether one is talking about severe weather, cyber attack or physical attack. We have found that this is an area where the United States is in a position to add tremendous amount of value from our experience. I will hav
We find ourselves in the 90s in a whole new world. The decline of Nuclear Weapons. We have an arms control treaty, start one at the very beginning of the decade. We have International Structure which is no longer why polar. It could be called unipolar. We have globalization is the recent pieces to it but it appears to be part of a fundamental new world order. I love that phrase. It has the imagery of military force that still there but not Nuclear Weapons. Economic measures of power were going to be so much more important. There was a prediction of the decline of the nationstate in the concept of National Sovereignty where International Commerce information, technology would replace this. The book that captures of course was friedmans lexus, and all of tree, eventually the world was flat. A piece in Foreign Affairs that was her influential also predicted this new world we were moving into. Military power was still relevant of course because the decade began with the war to throw the ir
During the 90s and i faced that in 2002, 2003, and we know the importance of the independence of verification. You had it in bilateral agreements, verification with russia and thats long tradition. Thats one thing. But multilateral inspections are needed in cases like iran and like iraq. And in that for that you need impartial independent Civil Servants that are not subject to any corruption, that will not go to do the work with any of the intelligence agencies that are crawling all over the place. So i would like to ask you your view about the importance of independent verification as a third of the many issues you have on your agenda. Thank you very much. [ applause ] thank you very much, dr. Blix. Listening to you, i now realize why you received the award. And thank you for not retire, multiple times. Your honor please. [ applause ] you define what a Public Servant is. So thank you for your service. And thank you for your continuing to push the government and think about the issues
Adjusted are complicated. So what were trying to do now is get through an analysis of not only fico 8 and 9 but an alternative scoring credit scoring model and try to come up with a system that is a better system and then adjust the operational things that it would take to let me cut you off there. I only have a little bit of time. I encourage you to put pedal to the medal in that regard. We have pedal to the medal. We are at it. I guarantee you. Im not quite persuaded of that, but thank you for pursuing it because a lot of people would be more fairly treated with an appropriate credit model. I wanted to turn to first place insurance. Theres been reports from npr and ap recently but these issues go back a long ways. Its something ive been pointing out a long way. The kick backs that go to mortgage insurance often drive people into foreclosure and of course that has an impact on your agency. I understand that in june you all did issue a requirement that these kickbacks ind, whether they
If we know were getting good loans and weve done our Due Diligence at the front end, then we can weve got more control over that process. But i can assure you that when theres fraud or misrepresentation in the process, we will retain the ability to put back loans throughout the life of the loan. I hope that means youre vigilant that the tendency here could be that this gives banks the benefit of the doubt that homeowners dont get, but i know your values and i know what youre doing in that job and i know youll be vigilant about that. Speaking of potential fraudulent activity that you mentioned a second ago. The New York Times highlighted fanny and freddies use of debt collectors to pursue families who lose their homes to foreclosure for any debt that wasnt covered by the value of their home as it was under water. Homeowners just starting to get back on their feet for a year or two years or even longer can find themselves with tens of thousands of dollars of new debt, depending on their