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Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the othe...

Thank you very much. Thank you for calling this hearing, mr. Chairman, and trying to get to the bottom of some of these questions. I appreciate the line of questions. I want to follow up, i believe mr. Pummill made a statement to the extent i think you said it was virtually impossible to fire a gs employee . Could you clarify and explain that a little more from your experience . In my experience its not very much. Ive been with the va for five years. The Civil Servants i believe this is federal government wide have incredible protections and safeguards so the process of taking care of a proble...

Not credible, thats a problem. I know youre in the process now. Do you have any idea what the time frame might be when youre nto the Second Chance . So last year working jointly sent very detailed evaluations the living wills to the firms. And directed the firms to take action to improve their resoveability that were quite specific. And quite detailed. Weve received those plans. Were evaluating them jointly with the fdic. And we will be making decisions in the coming months. The time of the gentleman has expired. The chair now recognizes the gentleman from michigan,. Thank you, mr. Chairman. I...

The president president tgif, everybody. The Unemployment Rate has fallen to 4. 9 . Even as more americans join the job market last month. This is the first time the Unemployment Rate has dipped below 5 in eight years. Americans are working. All told over the past six years our businesses added 14 million new jobs. 71 months of private sector job growth. Over 2014 and 2015 our businesses added more jobs than any time since the 1990s. Most importantly this progress is translating into bigger paychecks. Wages have grown at their fastest rate since the crisis and the policies i will push this yea...

My question is whats needed politically to get European Countries to exploit their shale resources . If you were to encourage it how would you encourage it . The first thing i would find a way to reward the owners and all those that get affected by the shale production. But honestly this is not all. In spain, for instance we have a big debate. Its not old. But one thing i would do. The second thing, i think that for many years in europe there was this idea of dont touch, dont tell in terms of electricity generation, generation in general. So people dont know really. We went for renewables. Thi...