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June 20, 2024
This meeting comes to order and this chair is authorized to call recess at any time. This is called two days after the 4th anniversary of the doddfrank wall street reform and Consumer Protection act and we will examine its impact on the Capital Market and the economy. And i recognize myself for four and a half minutes for an opening statement. Doddfrank has been based upon a false premise that deregulation or lack of regulation led us into the crisis. However, in the decade leading up to the cri...
June 20, 2024
Laundering concerns. They are no longer dealing big banks are no longer dealing with Community Banks because of know your customer concerns. We would recommend to remedy this situation, a, we eliminate fsoc, a regulator composed of regulators. Its a huge redundancy and double jeopardy in the system. Eliminate ambiguities in the terminology and then finally to carve out some protections for the 99. 999 of all american businesses and Financial Institutions that have nothing to do with this regulat...
June 20, 2024
Embrace it. The less the leaders in congress recognize publicly that this is an important issue its not going to happen because theyre going to have people pushing back real hard so its got to be a public effort. They have to be armed with a push from the president and the white house to say this is important. So id like to see the whole National Security apparatus from the president , nfc on down, making this top priority in all the conversations. Tom, you had mentioned the role of the congress...
June 20, 2024
Their product. Removing this is detrimental to Rural Communities like i represent in washingtest virgin. I will continue to work with the chairman, and i yield back. Chair now recognizes the gen gentlelady from new york. Welcome to chairman frank. We miss you and it is great to see you. This legislation bears your name and was the most sweeping overhaul of Financial Regulation since the great depression. When the Investment Company act of 1940 was passed it was called at the time and i quote the...
June 17, 2024
Oval. Its a special place. We will take pictures behind the resolute desk. Its been there a long time. A lot of president s. Some good, some not so good. You have got a good one now. [laughter] even though they are trying to impeach the son of bitch. Can you believe that . Sean democrats know the president will be vindicated at the end of the senates trial. They dont care. They are more interested in finding an outlet for psychotic antitrump raid. Hurts them running in 2020. On wednesday nancy p...
June 17, 2024
Articles of impeachment to the senate, setting in motion only the third president ial impeachment trial in u. S. History. Cnns senior congressional korng correspondent, manu raju is on the hill. Walk folks through what will happen today. Reporter a lot of the ceremonial and procedural aspects of this trial will begin today that will set the stage for those opening arguments to begin next week. What were going to expect probably in the next hour is for the vote to begin to actually name those imp...