The inquiry shows the industry is falling are short of that standard. It appears to be falling far short of that standard. It seems the motto of data brokers is, we can, and indeed, we will. We heard about the lists generated by data brokers from genetic disease sufferers, dementia sufferers, payday loan responders. Products that seem tailormade for businesses seeking to take advantage of consumers. I hate that. I am revolted by that. I have seen it in the treatment of coal miners and their safety. I have seen it in every aspect of life in the state i come from and elsewhere. I do not like it. Our job asis government to minimize that possibility and ring out into the sunlight what is going on. Knownator booker does not this is happening, he does now. He does not like it. Mccaskill nailed something that could not be responded to. We will continue on this track. I think it is serious. It is a dark underside of American Life where people make a lot of money and cause a lot of people to su
Adam verizon. Pretty good road there. I read one analyst who said the new connection is good, but not as good as it could be. The mac that was kind of surprising. I agree with you. It sounded like a positive number when i first read it. Adam there was another positive there with verizon as well. 50 of their wireless base is now smart phones. Smartphones are taking over. Adam i am sitting next to a woman who just got her 5s. Lori i have not even told my husband yet. I think you just busted me but i was entitled to an upgrade, though. Shares of ibm are plunging to a two year low. Ibm chief Financial Officer says the company will be dealing with the impact of the china slowdown for another couple quarters. Adam president obama says no shutdown caused completely unnecessary damage to the u. S. Economy. Peter barnes is live for us outside the white house where we go next. Peter we got a little bit of a preview of the future budget and debt ceiling battle to come. The president thinking demo
And a look at the city of st. Petersburg. Once russias capital, st. Petersburg is located far the north. Its relative location to European Economic markets and Cultural Centers provides clues to its unusual setting. This region continues to grapple with the challenges of new political and economic structures. As privatization forces cause housing problems for some residents, others, called new russians, find the future filled wi opportunity. As s not always beenransition to a fa smooth ridey for this russian city and its people. 1917 st. Petersburg is where the Russian Revolution began. Inflamed by leaders like vladimir lenin, the russian working class revolted against the czarissystem. This marked the beginning of 70 years of soviet communist government. Under the czars, st. Petersburg was russias capital. It was an Industrial City and a trading port, with strong links to weste europe. For a city with such a significant role in both russia and the world, st. Petersburgs location was,
And he is really taking that approach now, which is i am going to reduce the credit list held by the gsc is, but im not necessarily going to pull myself out of the market and allow privatelabel capital directly participate in the securitization of investor process. It is that is a change, it may be that there doesnt seem to be a lot of private market interest participating in this old way. And even the sheer size and scale, some are saying that there could be enough capital out there to do it. And this is kind of like them acting like a market maker and the goal is to reduce this through the process. On this point, a few years ago there was an assumption that privatelabel comeback quickly and that at some point down the road congress would perhaps more easily than what would be the case, advance a partisan legislation in the Senate Banking committee look like its going to pass the bill this week, but not with as much majority to propel it through the senate this year. Until we are not
Treasury would feel the same way but i have not had any discussions about that. Me, ither thing intrigued will get the quote correct or close enough. You said that your goal is to reduce taxpayer risk through increasing the role of private capital. But after that you rejected the goal of contracting the Enterprises Market presence. To increase the role of capital. I am figuring out how you square those two. And then you said this is a decision to come so i know that youre are not going to announce it now. In my view you can look at an increase in the guarantees fees as either of those, contracting of the market presence or entering private capital. How does that fit in those criteria . We are balancing in a number of instances sometimes what appeared to be contradictory mandates. Think it is the role to contract the footprint of fannie and freddie. Maintain anto efficient credit market. As private capital demonstrates it will come into this market and it will be clear that fannie and f