Attack takes place in our own country. This president by the way his former secretary of state let us down in this regard. We will hear from hillary clinton, from an emilys list gala, and we will hear from jeb bush in iowa, speaking at a fundraiser for david young today at 6 30 p. M. Eastern here on cspan. The Senate Appropriations Committee Held a hearing on tuesday to review the president s budget request for the Treasury Department. Jack lew and john cost them and discussed why additional spending is being proposed. They also talked about areas like Cyber Security, tax fraud and irs Taxpayer Services in helping Small Businesses. This is almost two hours. The subcommittee will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing is subcommittee chairman. I am pleased to sit alongside the new Ranking Member. I would also like to knowledge the other members of our subcommittee. A
The former chairman of the sec, harvey pitt and doug burns. Welcome to you both. I want to go over a couple of facts in the case as we know it right now, which is not everything, not by a longshot, but heres what we know. A Hedge Fund Manager receives insider information, secret trials. An alzheimers drug. He finds out the results before anybody else and trades on it. He sells his stakes in a couple of Drug Companies and assures them. You have said both wall street has developed a reputation of not caring, which individuals ke of this story . Theefact is terrible Economic Conditions, that is what we have caused some people to try to cut corners or look for advantages. This will not sit well with individual investors, nor should it. This is blatant conduct at least if alleged, and if it is proven, this individualill do a substantial amount of jail time. Gerri of course you would not excuse anybody for doing Something Like this because of Economic Conditions are bad, having said that tho
Making over a quarter billion dollars. The former chairman of the sec, harvey pitt and doug burns. Welcome to you both. I want to go over a couple of facts in the case as we know it right now, which is not everything, not by a longshot, but heres what we know. A Hedge Fund Manager receives insider information, secret trials. An alzheimers drug. He finds out the results before anybody else and trades on it. He sells his stakes in a couple of Drug Companies and assures them. You have said both wall street has developed a reputation of not caring, which individuals make of this story . Theefact is terrible Economic Conditions, that is what we have caused some people to try to cut corners or look for advantages. This will not sit well with individual investors, nor should it. This is blatant conduct at least if alleged, and if it is proven, this individual will do a substantial amount of jail time. Gerri of course you would not excuse anybody for doing Something Like this because of Econom
Chairman nolan we are back. Good afternoon. We are back in session. Will go at this point to the agenda. Back the public comment. We have members of the public who wish to address the board . Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can forces to accept credit card even though the people go to the clubs and bars. Ethey dont accept credit cards. They have to pay cash. The minimum is 21 dollars. If you go to the bar and order 6 10, you have to
gavel chairman nolan we are back. Good afternoon. We are back in session. Will go at this point to the agenda. Back the public comment. We have members of the public who wish to address the board . Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can forces to accept credit card even though the people go to the clubs and bars. Ethey dont accept credit cards. They have to pay cash. The minimum is 21 dollars. If you go to the bar and order 6 10, you ha