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
It is equally important we fund this strategy which could take as much as 5 billion over five years to fully implement. We believe again that there is reason for optimism about Central America. The three threaders of the northern triangle have taken tough decision and are investing in their own national budget. We have a vision and plan and we want to work with you to help Central America and help protect u. S. National security. Thank you very much. We move to mr. Kaplan. Sorry, ms. Hogan, sorry. Ranking member, members of subcommittee. Thank you for the opportunity to share how u. S. Aid is respond together challenge of unaccompanied minors, migrating from Central America to the u. S. Lowereder. Our response to this challenge is consistent with u. S. Aids mission to partner, end poverty and resilient Democratic Society while advancing our security and positive parity. In recognition of the gravity of the Development Challenges in Central America and impact of those challenges could h
That discussion for davids i think we really have to all think very seriously about it not just in our normal thinking about longterm fiscal policy that we have had for the last 25, 30 years but in terms of what has happened in fiscal and Monetary Policy in the last seven or eight years. So on one hand i think much of the premise of what we did in the 90s was precautionary savings. You can see that we have to project not only that you might have a down turn but that you might need a stimulus effort and what that does. The other side of that, though, is that to look at the other extreme, germany, where a bias towards this has been one of the most harmful things in the world. And where i just think that in fact, i believe that we have some Great Central bankers here, that we are seeing heroic efforts by bernanke, kohn and others, draghi. They are efforts that are exceptional things that Monetary Policy has to do because fiscal policy has completely failed in europe, is trying not to fail
I can add on both of those, just take that as another example and what is uncertainty. That matters a lot. You can get different results. You need to have that on the bigger issue of uncertainty and ambiguity, one of the things we havent talked about at all is what the view of the nation should be regarding uncertainty. When you move away from the standard and expected framework or even within that we have to have the government be riskaverse. Once you move into areas where there is not ambiguity and this shows up in Climate Change policy, we have to take a 0 3pvstand. My Technical Work goes in analysis of social policy. You have to take a stance of what the right answer is. Thats as well. Im interested in that point. There may be circumstances where the government is in the National Interest to respond to uncertainty by taking action now. I have a paper that came up with the journal on the effect of infrastructure. The big uncertainty is whats the effect of government spending. I cran
Billed. The staffford act however is limited to oftentimes only those Natural Hazards with limited flexibility. I think the delegate brings up an important point. When you look at growing hazards, such as cyber and others, what is the role of the Disaster Relief fund in the consequence world. And if it is not in rebuilding in the Emergency Response cost and the ability to use Emergency Declaration to bring resource to bear is it worthwhile looking at such things its kind of a question. What is the role in a pandemic . Its not specifically excluded in the Emergency Declarations but its not mentioned. Cyber. Again, we dont look to have the role in the prevention or the Law Enforcement or even the response to the technical aspects of it. But states and locals will be dealing with consequences of it, many of which will follow similar patterns of cyber hazards. Again the coast guard is the lead agency for that had many tools to deal with the response. But much of the coordination with the l