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Let me first say want to thank the chairwoman and ranked member mchenry and my colleagues and Ranking Members of the subcommittee and all my other colleagues for their participation in todays discussion on the update for prudential regulators that this is a timely amid the health care and economic devastation of the covid19 pandemic. In queens and other parts of new york city theyve been very hard hit. Plaintiffs suffered more cases more death than most states in the country. When amid the health care crises millions have lost their jobs and lost income compound in the Economic Impact but thanks to the doddfrank wall street reform and their implementation in the decades that followed the financial crisis the Banking Sector has emerged in a bright spot to buffer the initial impact of the crises and restructured mortgages ....
U. S. Equity futures have been indicated higher after the markets were down yesterday. The first time in seven sessions that the dow and nasdaq were down this morning a rebound from that these were modest declines yesterday and this morning s p futures indicated up by three. The nasdaq indicated up by 2. 5 overnight in asia, we have seen some gains in some asian markets. The nikkei up by a half percent. How many winning streaks is that 16 in a row that weve seen for the nikkei now trading at 21,805. Hang seng closed down bay half p percentage point in europe, as you look at some of the early trading, you will see green arrows across the board. Modest advances. Ftse up by 0. 4 . The cac is up by a quarter percentage point the dax up by 0. 2 look at crude oil prices looks like crude this morning is up wti up by 444 ce cents, brent u 57 cents. News out of Chinas Communist Party congress, members confirm president xi jinpings ....
Expect a mix of clouds and sun today with mostly cloudy skies by the afternoon and evening. Highs will be very warm again, with most places reaching the low 60s. Shower chances are very isolated today, with a greater chance for spotty showers moving in after 8 p. M. Topping our news this morning. Police have a man in custody for allegedly shot two people in North College hill. 9 on your sides kristen swillley joins us live to recount what neighbors saw and heard. Two brothers are here at uc medical after being shot. Before they were brought here one of them went looking for help at a nearby home. A teenage boy and his mother heard the shots, saw the sirens before answering a knock at their door but were worried about who may be on the other side. Initially the teenager inside that home Dominique Thomas says he was terrified. Not just because of the shooting itself. He feared ....
Related to the september fhafa ruling revising membership requirement of fhlbs. And what they want to know is since they dont hold mortgages they being the Ohio Capital Fund that that range from 110 depends on the type or the asset size. When that goes into effect, it would cause them to terminate their membership with a Federal Home Loan Bank in cincinnati because it doesnt hold mortgages. So would you or your team give any consideration of doing an evaluation on the impact of the burden to Community DevelopmentFinancial Institutions of a less severe remedy than loss of membership . We, we are looking at every aspect of this. Weve got, as i indicated before approximately 1300 comments in response to the proposed rule, and were going throu ....
Preferred stock Purchase Agreements were entered into with treasury, that suspended the capital of fannie and freddie. If we were building up capital i understand exactly what youre saying. But those two criteriaen dont apply anymore because they are in conservatorship. Every dime is going to the taxpayers if theres a profit. Theres statutory language here that requires an end to the allocation. I think its very straightforward. But ill close with this. Today, i along with many of my republican colleagues will reintroduce the payback the taxpayers act. And this bill will ensure that money coming in from the gses will go to the taxpayers, in other words, will go to address this issue instead of being diverted to the Housing Trust fund. But thank you, director. Good to see you again. Time of the gentleman has expired. Chair now recognizes the gentleman from missouri, mr. Cle ....