Accountable. This hearing is about three hours. [ room noise ]. The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh recently wrote Central Bank Power is permissible in a democracy only when its scope limited, its track record strong and accountable assured. None of that do we observe today. Where his feds omnipotents has taken us . The big banks are bigg
It is a large document. It goes back and forth. There were iterations that did not come out until late last night. People need time, you know. Regarding todays vote on individual programs, d. C. Do something that should be set forth . Well, its a notice and comment preceding. There will be a notice. There will be a comment period, then there will be a reply comments carried, then there will be how to make sense out of all of that. I do want to set an arbitrary date to it i dont. A small question. When would you expect the item to be resolved . I hope soon. I have a followup. Nice try, mikey. Questions or Public Safety, raise your hands. Public safety, come on up. The rest of my team comes up, some of you may of noticed yesterday we had a test of Emergency Alert system. Went out to the entire nation over 22000 stations have responded to us with results from the and were continuing to compile those results with our partners at fema and industry, as well as the states emergency communicat
The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
Digits. Clouds will slowly thin. We will break free to some sunshine later in the day with a degrees. Stacey lets take a live look at Road Conditions from across that state from the iowa dot. This is from 511ia. Org. The areas you see in blue are partially snow covered roads. Pinknkre completely covered. Recommended. Interstate 35 from ames to clear lake is closed because of the Winter Weather and the number of accidents along that stretch of road. Semitrucks jackknifed in the southbound lanes and numerous vehicles lined the ditches kccis Laura Terrell has checked out the driving conditions north of des moines. Laura we were just up north, where there were major blizzard conditions at this time, at this time. Problems were off 35 toward highway 20 heading toward fort dodge. Our news truck actually got stuck at mile marker 151. State troopers told us that probably 40 or 50 cars were backed up and stuck for probably close to two hours. If you are thinking about going in that area, you ca
April 5, 2016, meeting of the San Francisco Municipal Transportation Agency board of directors and Parking Authority commissioner ms. Bloomer read the roll director brinkman director borden director heinecke director nolan director ramos mr. Chair you have quorum please silence all electronic devices. Any person responsible for disruption may be asked to leave the room. Cell phones set on vibrate can cause interference with the microphones, we respectfully ask they be turned off. Item four approval of the minutes to mark 4 regular meeting motion to approve emphasize. Opposed . The is have it. Thank you communication Board Members and walton flynn died was a think outstanding citizen and loved dearly a thinker public works when oversee muni in 1970 the first africanamerican to be serving this position and was the first chairman of the board with the manifesting he did an amazing contributions we flew the flag in halfstaff for what he did if we can adjourn the meeting in memory of mr. Fl