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The committee will come to order. Before we begin, i want to remind all members we are in open session. We will discuss unclassified matters only. Please have a seat. Our members may be wandering in a bit late. We are here until 1 00 in the morning. But those in Armed Services were here until about 5 00 or 6 00 in the morning. So a few groggy members here on the committee. In the heat of the 2016 election, as the russian hacking and dumping operation became apparent, my predominant concern was that the russians would begin dumping forged documents along with the real one that is they stole. It...

6 00 in the morning, so we have a few groggy members here on the committee. In the heat of he 2016 election, as the russian hacking and dumping operation became apparent, my freedom unanimous concern was that the russians would begin dumping forged documents along with the real ones they stole. It would have been too easy are russia or another malicious actor to seed formed documents among the how then tick onestake toe make almost imfor identify or rebut the fraudulent material. Even if a victim could expose the foreign ricer the damage would be done. Three years later were on the cusp of a t...

In late we were here until one in the morning but those from Armed Services were here until about five or six in the morning. So we may have a fewfe groggy members here on the committee. In the heat of the 2016 election as a russian hacking operation was apparent my predominant concern is that they began dumping forged documents along with the real ones that they stole it would be too easy for russia to see forgedse documents in a way to make it almost impossible to identify to review the fraudulent material. Unit they could expose it the damageag would be done. Three years later we on the cus...

Testify on the stability of the Financial System. You are watching live coverage, here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying s...

Here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in...