Before we begin like to reminds all present and attends nothing person all health and safety protocols add hered to. This includes wearing a mask covering your nose and mouth any time you speak. Failure may result in removal from the room. We appreciate your cooperation with requirements in the interests of health and safety. Note that there is a hand sanitize are station at the front of the room. I have a Motor Vehicle in case you need temperature we welcome the public during comment period. There will be an opportunity for general Public Comment at the beginning and on each item on the agenda each comment is limited to 3 minutes. If you like to comment on the line call in and listen or you use the web ex link they are real time the sfgovtv link sometime there is is a delay to make sure you get your hand up in time use web ex or call inform Public Comment will be in person and call in. The commission will take comment first from people in person and then from people remote. Those in p
Before we begin like to reminds all present and attends nothing person all health and safety protocols add hered to. This includes wearing a mask covering your nose and mouth any time you speak. Failure may result in removal from the room. We appreciate your cooperation with requirements in the interests of health and safety. Note that there is a hand sanitize are station at the front of the room. I have a Motor Vehicle in case you need temperature we welcome the public during comment period. There will be an opportunity for general Public Comment at the beginning and on each item on the agenda each comment is limited to 3 minutes. If you like to comment on the line call in and listen or you use the web ex link they are real time the sfgovtv link sometime there is is a delay to make sure you get your hand up in time use web ex or call inform Public Comment will be in person and call in. The commission will take comment first from people in person and then from people remote. Those in p
Present. Joy have script to read and we can move forward. Welcome at this time october fourth San Francisco Healing Commission meeting it is being held in hybrid foradmit in person room 300 broadcast live on sfgovtv and available to the via web ex call 4156550001. Before we begin like to reminds all present and attends nothing person all health and safety protocols add hered to. This includes wearing a mask covering your nose and mouth any time you speak. Failure may result in removal from the room. We appreciate your cooperation with requirements in the interests of health and safety. Note that there is a hand sanitize are station at the front of the room. I have a Motor Vehicle in case you need temperature we welcome the public during comment period. There will be an opportunity for general Public Comment at the beginning and on each item on the agenda each comment is limited to 3 minutes. If you like to comment on the line call in and listen or you use the web ex link they are real
In the Banking Industry. This portion of the hearing is one hour and 25 minutes. [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from missouri mr. Luetkemeyer is now recognize for five minutes. Thank you, madam chair. Welcome back to our witnesses. I would like to focus on a larger issue today that the facts ever u. S. Consumer and consumes all over the world, which is heavy investment in volatile and unfriendly countries such as russia and china. Ms. Frazier, mr. Dimon, after moynihan each either banks have significant investment in russia which you drew down after putins invasion of ukraine. While american sanctioned what impetus for those actions it should be said you did the right thing by shrinking or assets there. We learned to make important lessons. Number one, there was a largenc risk investing in volatile nations with dictatorial governments. And a vertigo investments place difficult role in supporting those nations economie
2 million arrest figure . The committee will come to order. The gentleman from missouri is recognized for 5 minutes. Thank you, madam chair. Welcome back witnesses. Ladies and gentlemen, id like to talk about a larger issue. Heavy investment in friendly countries like russia ander china. Ms. Frazier andic diamond. You drew down after putins invasion of ukraine. They said you did the right thing by slinking your assets. There is a large list. Number two, you play a significant role in a supportin. The resen mondays china threatened violent red rick. Should he followthrough on the threat to invade taiwan. Would you pullco investments out of c china . We will follow governments guidance that hasan been to work with china. If they change that we will change it like russia. We would doo likewise. We will follow the governments guidance. We hope it doesnt happen. We would salute and follow what the American Government said. I appreciate your willingness to follow law. Mr. Diamonder is this e