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June 20, 2024
Money. This is real money and you are the most important part of the show. Tell us what you have in behind. President obama turn his attention today to americas aging roads and bridges speaking of new yorks Tappan Zee Bridge, the president recited a laundry list of bridges. We have leaky pipes losing gallons of Drinking Water every single day even as we have a severe drought in much of the west. Nearly half our people dont have access to transit at all, and i dont have to tell you what some of o...
June 20, 2024
House chief technical officer, Aneesh Chopra. I dubbed him years ago the Indian George clooney. You will see what im talking about ladies. laughter lets begin with bad news for americans who like to hunt and kill their own burritos. Chipotle restaurants are asking you to leave your guns at home. Jon what chipotle wants me to leave my guns at home spend twenty minutes at a fastcasual restaurant without a handgun . Why dont i just let the king of england bleep in my mouth . how about that tyranny ...
June 20, 2024
Advantages at unfathomable speeds earning billions off price differences measured in pennies. Were in the era of high speed trading. I am troubled as are many by some of its hall marks. It is an era of market instability as we saw in the 2010 flash crash. This subcommittee and Senate Banking committee shared in a hearing. It is an era in which stock Market Players by the right to locate their Trading Computers closer and closer to the computers of stock exchanges confirm a little speed advantage...
June 20, 2024
Participate. I wonder if the stock exchanges are still a place where their interests matter. Hopefully this hearing will shed light on the trading practices used on wall street and help restore confident on the financial system. T while the problems facing the market are complex, we can address them with a few common sense solutions. For example, one of the most predator High Frequency trading practices depends on the unintended consequences of the secs regulatory National Market system or regul...
June 20, 2024
Expense of their clients. We have assigned artificially high ratings of securities in order to keep the business. Now with that history in mind, those that argue that the conflicts that we will explore in this hearing are manageable are acceptable have a mighty high burden of proof which seems to the average investor to be a simple stock market traders usually a complicated series of transactions involving multiple parties, complex technology and the everincreasing number of border types and pay...
June 20, 2024
The truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning, chairman levin and R...
June 20, 2024
Testimony. All witnesses who testify before this subcommittee are required to be sworn. At this time i would both of you to please stand and raise your right hand. Do you swear that the testimony youre about to give before this subcommittee will be the truth, the whole truth, and nothing but the truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportuni...
June 20, 2024
At t brings and we think directv has talent as well. I think worldclass enbenefit programs for employees will be a good thing. Thank you, sir. All right. Mr. Stephenson and mr. White, id like to ask you both to talk a little about the companys commitment to diversity, the merged Companies Commitment to diversity in a number of different contexts. I know everyone will agree having a Diverse Group of individuals as Real Partners both inside and outside of the country is important. At ts Public Int...
June 20, 2024
Better ability to access large amounts of cash needed. However, this raises issues of market power and the possibility for abuse of a firms dominant competitive position. These are issues that are appropriate for consideration in a hearing like this. For the most part, the companies before us today engage in very different businesses. At t is primarily a provider of services. Internet directv is exclusively a Video Service provider. Begun to offerly a Video Service which is referred to as univer...
June 20, 2024
Many are not voting at all. The to live the american gene. Thatck santorum argues they have been abandoned by both parties. Part of the tv this weekend. A new history of the great depression. Join others to discuss this. This week a subcommittee held a hearing to discuss highfrequency trading practices and u. S. Stock market. The witnesses included the and aent and ceo of iex number of executives and u. S. Exchanges. The entire hearing is just under three hours. Good morning, everybody. U. S. Am...