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Terp with the investigative committees who we would select customians who would most likely have been involved. At this point nobody knows what the answer is. We could have had more that could have crashed. We could have less. Does that not boggle the mind of a small number one about a quarter. We can argue back and forth a quarter or not. There may be others in that subset that deals with the areas were asking me. Thats a perfect example as to why it had been helpful had we been able to complete the investigation of what happened to the custodians. If we hadnt been able to could that people would be aing lets change the question. I asked about holly pass. My point is to the extent we can provide the full story than its a lot easier to know and you can disagree about it. But its a lot easier to know what the custodians. Because the ig is doing that we dont know what the answer is. It could be, ten, five, 25. We hope the ig when he conclude his investigation will include the custodians ....
Battlefield. And then ralph nader and Grover Nordquist discuss asks the state of bipartisanship in government. Treasury secretary jack lew spoke about actions his department could take to bolster Corporate Tax accountability and make the u. S. A more attractive place to invest. He weighs speaking at the Tax Policy Center in washington, d. C. His remarks are followed by tax law experts discussing the issue of corporate inversions, which is when a company tries to ease its tax burden by rye incorporating its affairs from one country to another. This is just under two hours. Theres some standing room in the front there on the left, if there are people feeling a hill crowded back there. You can come on over here. Yes. Okay. Good morning, everyone. I am sarah rosen moretell. And i have the opportunity for welcoming everyo ....
Or in a number of different other circumstances guaranteed debts and the like. Those trigger a current inclusion of these deferred income thats been allowed to accrue tax free just like your i. R. A. Has been allowed to accrue tax free. And in code section 956, congress authorized treasury to write regulations to prevent the avoidance of the provisions of the section through reorganizations or otherwise. So, again, treasury has been given authority under this code section to tackle the kinds of problems, economic challenges that the inversion phenomena exists. As i mentioned, there are over 500 specific grants of authority. Im only highlighting two here. I could speak to many more, but ill let the discussion continue. Thanks. So im going to return back to steve again. Steve, i want to ask if theres any other tools you want to add to that list, and then well spend a few minutes talking about first the impact of using those tools and then secondly how we think that would the wisdom of do ....
In many ways that was the story yesterday. That incredible drop in Interest Rates we saw falling below 2 briefly. 2. 047 . Again, crude oil almost 25 off the highs of june, i believe it was. Wow. These are two stories favorable for consumers, even though we did get that retail number that got people scared. What is that about this positive spin . Mortgage rates and gasoline prices are important things. They both are coming down sharply when it comes to the consumer. Jobless claims today. Jobless claims are amazing. 1 trillion cut for the consumer in oil. Refis. A tremendous number of people at 5 that can refi and a tremendous disease that can kill people in our country. And fear moves markets. That fear may be real but not necessarily rational . I think when the government creates confidence, its not rational. I think the government created a lack of confidence in its response. How much will the market move . Yesterday we had so m ....