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The committee will come to order. Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, mark zuckerberg. Facebooks plans to create a digital currency, libra, and a digital wallet raise many concerns relating to privacy, trading r...

We will commemorate the berlin airlift this evening. First, i want to recognize our cosponsors for this event, ar, and the allied museum in berlin, where our Vice President , our very own exhibitions and programs Vice President is on the advisory board. I would like to thank you for your support and coordination in organizing this event this evening. At the moment i would like to , introduce the director of the allied museum in berlin. He is in charge, currently, of managing the reinvention process for the allied museum, which will move from its current southwest berlin to hanger in berlin, a ...

Hi. Hello, everybody. Im jimmy. Im the host of the show. Which is in brooklyn. Chan thank you for watching from home. Thank you for leaving your home to be here tonight. Thats very kind. And please, relax. We are at the Brooklyn Academy of music. Were here while our studio back in hollywood is being deloused, and this is a muchneeded break for us. We love brooklyn. My kids love brooklyn. In fact, theyre becoming little brooklynites. This morning, my 2yearold, billy, were having breakfast, and he says hey, old man, wheres my [ bleep ] oatmeal already . Theyre so cute at that age. They really ar...

Work here. There will be some work at the network level. The architecture of the system itself that supersedes all of the individual work the countries are doing to implement this. And then the members of the associations who are transacting using the Payment System will be responsible themselves for implementing and following those rules. Have a big effort to verify identities and authenticate them. We do this today if someone wants to run political ads or run a large page. I appreciate that but a , is goingth facebook to go in. Your major hack for millions of users that have gone through wha...

Of policies that can identify all of the dimpt types of harms. Underbanked, whether or not you intend to have libra and your weve talked about a number digital wallet registered in today. Each of those countries so that terrorism, child exploitation, there would be regulatory oversight. Because we have found a lot of health missi individuals we have payday health misinformation. Lenders who say were interested in the underbanked we now have more than 35,000 people at the company wo work on o safety and security overall. Were interested in those that are not banked we spend billions of dollars ...