35 Burst results for "Senate Banking Committee"

Crypto Allies Rally and Race to Fix the Infrastructure Bill

The Breakdown with NLW

02:24 min | Last month

Crypto Allies Rally and Race to Fix the Infrastructure Bill

"What's going on guys. It is saturday july thirty first. And that means it's time for the weekly recap and what a week. Price action was interesting. We were going on ten daily green closes. I recorded this. Although options expiry seem to have dragged the price of bitcoin down slightly. There is still definitely a lot of optimism from a price perspective. This is perhaps unexpected. Given how much regulatory news has hit the wires this week and how much markets have seemed to respond to this sort of thing over the past few months. First of all. At the beginning of the week we had three hearings. That touched crypto one. Each about ransomware and cdc's but the main one from the senate banking committee on the value of crypto-currencies. Generally that meeting showed simultaneously some clear work had been put in among certain senators to learn more about the space. But it also showed the entrenchment of a number of political opponents most notably elizabeth warren who lamented the shadowy super coders term who were the new exploitative superpower in this new financial sector that in fact would do nothing to break the power of the banks still that was for the moment just bluster and there was a heck of a lot of real action at the same time. Lets talk finance. I last weekend. By nance drop max leverage from one hundred x twenty x stopped crypto margin trading involving the sterling the euro and the australian dollar and finally they reduced withdrawals for non kyc customers. This sucks in a broad sense of showing you. The breadth of acceptance of overarching global. Kyc regimes but also to be quite honest. I was shocked that they still allowed as much. Nankai withdrawal as they did on tuesday. Cc held a press conference where he said that while. There was no urgency. Finance was looking for the right replacement for him. This was based on their need to find someone who had regulatory experience and who could lead the transition of the organization as they move from tech start up to financial institution now that is a big shift given how iconic z. Is how closely connected to the brand. He is on friday. There were two more pieces of news. I that malaysia securities commission had issued a public reprimand against finance. And we're ordering it to shut down. Its websites and mobile apps in the country bigger than that though was that finance announce that users in germany italy and the netherlands would be unable to open new derivatives positions effective immediately.

Senate Banking Committee Elizabeth Warren Nankai CDC Nance Malaysia Securities Commission Germany Italy The Netherlands
"senate banking committee" Discussed on The Breakdown with NLW

The Breakdown with NLW

04:42 min | 2 months ago

"senate banking committee" Discussed on The Breakdown with NLW

"The house financial services committee is also holding a related hearing this one called the promises and perils of central bank digital currencies. This one is being held by the subcommittee on national security international development and monetary policy which earlier this year held a hearing on how crypto might be used in terrorist financing still. It's the third hearing that is definitely the main event for those of us. In the crypto industry it's being held by the senate committee on banking housing and urban affairs and is called cryptocurrencies. What are they good for. The three witnesses invited to give testimony at this one. We're angela walsh a saint. Mary's university school of law professor and frequent crypto critic. But who. I should point out. Hasn't made her entire career. Onto sitting on the crypto industry or repeating any random fund. That happens to come her way. Just for the sake of some cheap engagement in other words. She often has critical opinions. But from what i've seen they're usually presented in good faith other guests included. Jerry brito who's the executive director of coin center and marta belcher. Who's the foundation chair for file coin. Which many noted was kind of a weird edition. It's not martis fault but anytime you have someone who represents one specific coin inevitably. There's going to be some bias towards what that protocol or coin does but either way let's talk about what went down some of the key themes intermediaries. There was a lot of discussion about whether minors. For example where financial intermediaries in these questions are super important as it relates to regulatory obligation if miners node operators are designated as financial intermediaries for their role in confirming transactions. It could create an absolute mess. My belief is obviously the these actors represent a fundamentally different type of relationship then intermediaries and centralized financial systems and jerry britos on that same page as well..

house financial services commi subcommittee on national secur senate committee on banking ho angela walsh Mary's university school of la Jerry brito coin center marta belcher jerry britos
"senate banking committee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:45 min | 4 months ago

"senate banking committee" Discussed on Bloomberg Radio New York

"Services Committee. We will bring you that hearing as soon as the question and answer period begins. But the set us up for what's likely to come today. We welcome now Ben Bane, who covers Finance regulation and for Bloomberg News, Ben Thanks for being with us, maybe one way of looking at what's like today's look what happened yesterday. And how different is it likely to be? Yeah, Thanks, David. I think that's absolutely right yesterday before the Senate Banking Committee, you really saw two different universes. If you will. You saw Democrats clearly coming at this from the starting point of these bank CEOs and their institutions need to do more. They need to do more on climate change needs to mourn diversity, and we need to pay their employees more. That was one of the themes. It was repeated over and over again. And they also asked why more isn't being given out in terms of lending to underserved communities, particularly as a lot of these institutions have record quarters in the first quarter. On the other side of the aisle, you heard complaints about everything from focusing on social issues in terms of lending decisions. Um and really just The Republicans asking banks to focus on making profits. So really, you saw these six people up there, and they were really getting questions from two completely different stratosphere is if you will, and they were kind of fielding in different ways, and it was really interesting to watch. That's kind of where we are right now. So then we have the Republicans on Capitol Hill, the Democrats on Capitol Hill. There's also something going on at the other end of Pennsylvania Avenue called the administration there were getting any sense of where the bike demonstration is likely to go in terms of banking regulations. Yeah, There's a very good point. I think what we saw yesterday from the Democrats largely mirrors where the Biden administration is. There was a lot of talk about climate change. There's a lot of talk about doing more on social justice issues. I think that generally duck tales before the Biden administration is, but there wasn't one steam that came out there wasn't one threat of a new A new loss, for example, to really crack down. Some of these financial institutions. I think that's probably a signal that the Biden administration also is not really seeing the banking sector, perhaps as as the area that they really want to crack down on, but more want to put pressure on use the levers that are there and to further some of these policy goals that they have. Okay. Thank you. So much for bloomer Colleague. He has been Bain as we wait for that house bank hearing to get past the preliminaries. We welcome now the dean of US banking regulation. He is Rajan Colin, senior Chairman of Sullivan, Cromwell. Rogers. Always a true pleasure to have you with us. You've been a suspect you at or have watched more of these hearings than I care to imagine. But give us a sense of the larger significance here. What's really going on? Is this really likely to affect the behavior of any of these CEOs are these banks? David. First of all, It's a pleasure as always to be here with you. And I do think these hearings have an effect. They help LUCY EOS understand where the congressional priorities are. Azaz been indicated on. I clearly agree Those priorities are not the same for various members of the Congress. So there is a bit of a whipsaw effect. But yes, I think that these hearings do have an impact on the CEOs. They spend a lot of time preparing for them, and they spend a lot of time debriefing after them. One of the themes from yesterday really from both Republicans and Democrats, is how the banks are requiring, responding to so called social issues, with the Democrats, saying, you may not be going far enough. The Republicans suggesting you shouldn't be taken into account at all in making economic decisions is that something banks were in a good position to really address some of the social needs. We have, whether it's minority businesses, whether it's employment and even labor unions. Well, I think there are a number of areas where the banking industry has a strong commitment to assist. If you look at lending to minority communities, majority minority communities low and moderate income communities, small businesses, particularly small businesses within those communities, rural communities. I think it is beyond doubt that the lending by banks the availability of banking services as increased meaningful E in the last year or so. And some can argue, not enough, even not nearly enough. The bottom line as to results, I think is you're beautiful that there has been an increase and the more that banking services are available. To the less advantaged members of the minority communities. The better our country is going to base and I think that is, it's not a question. Of direct profit on loss, but it is question of long term viability Raj to the outside world. There might be a bit of attention here because we came out of the great financial crisis with a lot more regulation. A lot of concern about the banking system. We have Dodd Frank, is there potentially a real conflict or at least tension between the one hand, really upping your standards for lending. And loaning to some of the people who need it most. Maybe, By definition. Some of those people who need it most don't have the vital scores that really would support it. I think it's possible to reconcile the two. I agree 100% with you. There is a tension, but there is a lot of room in a bank's balance sheet to balance risks. And so.

Ben Bane David Rajan Colin Senate Banking Committee Congress Pennsylvania Avenue yesterday 100% Capitol Hill today Services Committee Democrats Ben six people Republicans both last year Sullivan Rogers Bloomberg News
"senate banking committee" Discussed on C-SPAN Radio

C-SPAN Radio

03:28 min | 4 months ago

"senate banking committee" Discussed on C-SPAN Radio

"It today. Senate Banking Committee Just some of the stories shaping Washington today. Head here on C SPAN radio. We begin in San Jose, California, where there has been yet another mass shooting in our country. The death toll stands at eight with a number of other injuries. The gunman is dead. The shooting occurred in a public transit rail yard. The gunman identified a Sam Cassidy, he was an employee of the Valley Transportation Authority, known as the V E T. A. The 1st 911 calls came just past 6:30 A.m. local time later in the day, the city's mayor, speaking to reporters My name's Sam Accardo and the mayor of the city of San Jose, and I also serve on the board with Chairman Hendricks Thistle's a horrific day for our city. It's a tragic day for the beach to family and our heart pains for the families and the co workers because we know that so many are feeling deeply. This loss of their loved ones on their friends. Now is the moment for us to collect ourselves to understand what happened to mourn. And to help those who have suffered to heal. That will be my attention today. And for the foreseeable future. My attention will then be immediately turned to ensuring We do everything possible to ensure this never happens again in our city, And in the next 48 hours, I will be back communication with you to talk about what we've been working on over the last year and a half. And what we intend to do in the weeks to come to ensure we never see a horrific tragedy like this again in San Jose way are in a very dark moment, but I am heartened to see the response of VT. A family coming together. Help the co workers. We're gonna do everything we can to support the families of those who have lost their loved ones, and I'm grateful for the immediate response of law enforcement, led by Sheriff's office. Were able to secure the sea and ensure that would be no more loss of life. That's from the mayor of San Jose, California Now. Last weekend alone, there were 11 and deadly mass shootings across the U. S. And since the first of the year, more than 200 recorded cases of mass shootings involving three or more individuals and out of the White House, where President Biden today announcing that he has ordered a closer intelligence review of what he has said, we're two equally plausible scenarios of the origins of the code. 19 pandemic. The president revealing that earlier this year he test the intelligence community with preparing a report on their most up to date analysis of the origins of covert 19 that, according to the White House report, including whether it emerged from human contact with an infected animal, or did it come from a laboratory accident that prosthesis that the virus may have escaped from a Chinese lab has in recent months gain more traction from today's White House. Briefing a PS Zeke Miller with the principal deputy press secretary.

Sam Accardo Valley Transportation Authorit Sam Cassidy Senate Banking Committee San Jose U. S. 11 V E T. A. San Jose, California three Last weekend Washington today more than 200 recorded cases Hendricks Thistle President Chinese earlier this year eight last year and a half
Elizabeth Warren,  JPMorgan CEO Spar Over Overdraft Fees at Senate Hearing

Bloomberg Daybreak Asia

00:56 sec | 4 months ago

Elizabeth Warren, JPMorgan CEO Spar Over Overdraft Fees at Senate Hearing

"Senate Banking Committee heard from CEOs of the sixth largest American banks. They were pressed about boosting lending, raising wages and diversifying stuff. Massachusetts Senator Elizabeth Warren noted the JP Morgan Chase made almost $1.5 billion from overdraft last year. She pressed JP moving Jamie Diamond and called him quote the start of the overdraft show. So here's the thing. You and your colleagues come in today to talk about how you stepped up and took care of customers during the pandemic, and it's a bunch of baloney. In fact, it's about $4 billion worth of baloney, but you could fix that right now. FBI See, reports said banks thrive through the pandemic. The industry generated a record $76.8 billion in profits during the first quarter. Democrats wonder why more of that money isn't going to middle class and low income families. They look for more answers. Tomorrow is all street, Sears testified before the House Financial Services Committee. It

Senate Banking Committee Senator Elizabeth Warren Jp Morgan Chase Jamie Diamond Massachusetts FBI Sears House Financial Services Commi
If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It

The Breakdown with NLW

04:37 min | 7 months ago

If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It

"Before powell spoke investors had started to get nervous in the us around the potential for an early unwinding of the fed's extremely aggressive approach to keeping rates low and stimulus etc. Because of this the market was getting out of stocks and into treasuries driving the yield of treasuries down and by the way if that sounded like greek to you. We're actually going to do a macro one show. And a bond specific show as part of that new kiddo show set as well either way powell gave testimony to the us senate banking committee on tuesday and said that the economic recovery remains uneven and far from complete and the path ahead is highly uncertain the bloomberg headline this morning about it said powell reiterates view that labor market has a long way to go. Pow pointed out that there are ten million fewer people employed. And that's a long way to go to maximum employment and this is really important the mandate the fed is actually two parts market stability. But it's also full employment the tools however that they have to achieve that full employment are limited and what we've seen is that asset prices tend to benefit before full employment is reached over the course of this year. We're likely to shift from the market stability part of that equation to the full employment part of that equation but it still promises a pretty aggressive approach from the fed powell also mentioned digital currencies saying it's a priority and that they'll be reaching out to congress about it in twenty twenty one so we'll have to come back to that soon next up on the brief today trouble in arc land i have discussed kathy would and arc pretty frequently here most recently in the episode last week i find it interesting. How a lot of the macro dynamics that are potentially interacting with bitcoin might be interacting with arc funds as well arc has seen a stratospheric rise over the last year but has been hammered. The past few days in fact it started a couple weeks ago as people started to get nervous about how concentrated arcs of some of their companies were remember. Our funds have specific feces around innovation. So there are frankly. Only so many companies they can buy if their fund owns to high percentage of those companies. The fear goes it could create risk in both directions that an issue in one company could create broader risk for arc or vice versa that arc could create new exhaustiveness risk for the companies themselves over the past few days however the concern has been less about that and more about this rise in treasury yields the innovation. Etf which is their flagship. Fell three sessions in a row. It had its worst today. Drops in september and again basically these yields were reflective as we just discussed of investors thinking that there was going to be pressure for rates to rise and for fed support on wind earlier than expected because of that they were moving out of the pricier parts of the market. I e tak. Now for her part. Kathy would said she wasn't worried said that she welcomed the correction and to be fair. She's gone from three billion assets under management in january twenty twenty two more than thirty in january twenty twenty one to more than sixty billion last week still. I think this is worth watching as a reflection of the bleeding edge of the markets. I don't think. Bitcoin is so correllated that you can watch these things move in tandem. But i do believe that. There's some proxy for how traditional investors might think about bitcoin at any given time based on the macro context lasts up on the today. Let's talk about the latest out of india. India as we've discussed has been very aggressive. Vis-a-vis crypto currencies with that seeming to only heightening right now a couple updates from the last few days rakesh ginger who's likened to an indian warren buffett. The billionaire investor he told. Cnbc never buy bitcoin that. Regulators should step in and ban cryptos in india and called bitcoin speculation of the highest order. So pretty much that. Warren buffett description is accurate at least when it comes to opinions on bitcoin at the same time however he also stated that india should focus on the creation of an official digital rupee. This was echoed by comments of reserve bank of india governor who reiterated that. The rbi has major concerns around cryptos but that they are working aggressively on a digital rupee. I wanted to point this out. Because i think it shows just how much india is going to really draw. This contrast between killing cryptos private cryptos and network cryptos while simultaneously trying to harness that momentum for an official central bank digital currency is that paradigm. That one can't survive while the other one does or are there different ways to look at

Powell FED Us Senate Banking Committee Bloomberg Kathy India Congress Rakesh Ginger Warren Buffett Treasury Bitcoin United States Reserve Bank Of India Cnbc
Fed's Powell: US economic recovery is uneven and incomplete

AP News Radio

00:39 sec | 7 months ago

Fed's Powell: US economic recovery is uneven and incomplete

"Federal reserve chair Jerome Powell says the economy remains in the grip of the coronavirus economic recovery remains uneven and far far from complete testifying before the Senate banking committee with a chair Jerome Powell added the pace of improvement in the labor market has slowed Powell says the path of the economy continues to depend on the path of the virus and measures to control its spread continued progress in many industries has been tempered by significant losses in industries such as leisure and hospitality however Powell does see an improved outlook in the months ahead in particular ongoing progress in vaccinations should help speed the return to normal activities Ben Thomas Washington

Jerome Powell Senate Banking Committee Federal Reserve Powell Ben Thomas Washington
Senate Banking Committee to Hold Hearing Amid GameStop (GME) Frenzy

Tim Conway Jr.

00:28 sec | 8 months ago

Senate Banking Committee to Hold Hearing Amid GameStop (GME) Frenzy

"Committee is expected to hold a hearing on the state of stock market in response to some online brokers restricting trades and companies like Gamestop in AMC. Incoming committee chairman Senator Sherrod Brown says it's time for the SEC in Congress to make the economy work for everyone, not just Wall Street platforms like Robin Hood markets have been criticized for limiting trading and some stocks when Reddit users started buying in bulk. Housing the stock values to go up. A date for the Senate hearing has not been announced.

Senator Sherrod Brown Gamestop AMC SEC Robin Hood Congress Reddit Senate
Coronavirus stimulus: Lawmakers unveil $908 billion bipartisan relief proposal

Broncos Country Tonight

01:11 min | 10 months ago

Coronavirus stimulus: Lawmakers unveil $908 billion bipartisan relief proposal

"A new coronavirus fiscal stimulus package are resuming in Washington during a Senate Banking Committee hearing Tuesday, Fed chair Jerome Powell called the economic outlook extraordinarily uncertain and the economic downturn has not fallen equally on all Americans and those least able to bear to shoulder. The burden have been hardest hit. The latest proposal hit the table $900 billion, said to be a bipartisan compromise. Because it does include 160 billion for state and local governments. The White House and Senate Republicans have in the past offered zero for that, while Democrats have been pushing for several 100 billion Treasury Secretary Steven Yushin, once overall limited help. Based upon the recent economic data, I continue to believe that a targeted fiscal package is the most appropriate federal response, Senator Sherrod Brown of Ohio those slams the administration's response and said it's time for bold action, not retreat. We've had a president who was simply given up one leading the country. And as far as I can tell Secretary Mnuchin, you're leading the country worse off. Then you found it. So the partisan bickering goes on, and negotiations have stalled repeatedly since July, while federal unemployment programs and mortgage and foreclosure protections dry up on January 1st. Single family

Senate Banking Committee Jerome Powell Treasury Secretary Steven Yush Senator Sherrod Brown FED Washington White House Republicans Senate Democrats Mnuchin Ohio
"senate banking committee" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:56 min | 10 months ago

"senate banking committee" Discussed on Bloomberg Radio New York

"Here in Singapore and Juliet Solly. We have training under way in Sydney, Tokyo and Seoul. We're an hour away from the day's trade in Hong Kong and Shanghai and getting some encouraging daughter on the Australian economy with GDP for the third quarter, rising 3.3% That was better than expected from a prediction of 2.5% and, of course, a far cry from the 7% contraction in the prior quarter and year on year GDP contracting 3.8% better than a 4.4% contraction. Brian will have all the data for us shortly. If it's in Congress to pass additional coronavirus relief, have gained a small measure of hope. We're told that House Speaker Nancy Pelosi offered a fresh Democratic proposal on that's while Senate Majority Leader Mitch McConnell also began circulating his own plan among fellow Republicans. Neither side publicly offered details. But separately, a bipartisan group of lawmakers from the House and Senate Propose their own $980 billion compromise is all comes after a six month stalemate over pandemic aid. Meanwhile, Treasury Secretary statement Ocean advocated for targeted relief on Capitol Hill. He's told the Senate Banking Committee that unused funds from the cares act should get redistributed. Continue to believe that a targeted fiscal package is the most appropriate federal response. I strongly encourage Congress to use the $455 billion an unused front from the cares act to pass an additional bill with bipartisan support. Petition had said he'd moved $455 billion in unspent emergency pandemic relief into an account effectively locking it away from a future but an administration. This makes it virtually impossible for future Treasury Secretary Janet Yellen to support the feds emergency landing facilities. Fed officials had pushed for the extension off these facilities, saying they served as a critical backstop for the economy. Home rental platform. Airbnb is seeking to raise as much as $2.6 billion in a long awaited I, P o. A. B and B in some of its shareholders are offering about 52 million shares at 44 to $50 apiece. It's according to a filing by Airbnb with the U. S Securities and Exchange Commission. Filing also addresses the key question of Airbnb is valuation. As a public company at the top end of the marketed range, it would have a fully diluted market value of nearly $35 billion. That figure includes employee stock options, as well as restricted share units, and sources have told us that Airbnb is currently planning to price. It's a typo on December the ninth Or China has become a bigger mark on NATO's radar screen. The alliance publishing a report stressing threats and challenges posed by China. Bloomberg's Tom Mackenzie tells us what it entails. It includes recommendations around building out political cohesion in these member nations. They say as well that there should be more investment in terms of time and action into facing up to what they say of the threats posed by China, based on quote its economic heft on the stated ideological goals off its leaders. The NATO Secretary General Jen Stoltenberg later told reporters that quote China is coming closer to us, he pointed at China's heavy investment in infrastructure in NATO countries, especially in Europe. NATO's of foreign ministers will be holding an online session later today with their counterparts in the Asia Pacific. The session will be devoted to China, and that would be the first of its kind Let's get a full market. Check now and head to Brian Curtis in Hong Kong. Brian Julia, thanks very much, yes, stimulus hopes and vaccine development really powering up markets, But the range is a fairly narrow here in Asia. The Nikkei's up 2/10 of a percent P ASX 200 is up 1/10 of a percent. We do have bigger gains in Seoul. The cost beam is up. 1.3% you mentioned Australia's third quarter GDP expanding 3.3% quarter on quarter. Beat the estimate of 2.5%. Australia's Central bank chief, Philip Lo said that the nation's recovery is ongoing, but it's just likely to be a bumpy ride All eons agrees to buy.

China NATO Mitch McConnell Airbnb Senate Hong Kong Seoul Congress Treasury Secretary Janet Yelle Brian Singapore Juliet Solly Secretary General Jen Stoltenb Australia Senate Banking Committee House Speaker Nancy Pelosi Shanghai Sydney Tom Mackenzie
A clear disconnect between the Treasury and the Fed

Marketplace with Kai Ryssdal

02:18 min | 10 months ago

A clear disconnect between the Treasury and the Fed

"Janet yellen in her first official remarks as treasury secretary nominee. Maybe giving congress low. Poke in the eye. Inaction will produce a self-reinforcing downturn causing more devastation. So that's the maybe there is help on the way news of the day. The oh no. There's not came to us from fed chair. Jay powell and treasury secretary steven mnuchin in congressional testimony this morning summing up their views on the state of this economy and as marketplace's nancy marshall genzer explains. There is a disconnect. If you watch. Chair powell and secretary mnuchin senate banking committee testimony today and i know you did. You'd think they were talking about two different economies. First mnuchin said the october jobs report showed that the economy has gained back. Twelve million jobs since april and powell followed up with although we welcome this progress we will not lose sight of the millions of americans who remain out of work. Powell looks at the big picture. Mnuchin is focused on the letter of the law and the cares act did specify that some pandemic aid stop at the end of the year as the economy recovered mnuchin acknowledges that some additional help is needed but he also points to the falling unemployment rate. Catherine judge is a law professor at columbia university. The look at where we are this quarter relative to last quarter and they look at the rate of improvement. The unemployment rate did fall to six point nine percent in october. But that's still almost double the jobless rate before the pandemic hit the us adam ozimek chief economist at the jobs would site. Upwork says powell sees the glass half empty wall. Mnuchin says it's half full and mnuchin could make it harder to convince wavering members of congress to vote for another relief package. You can't really rally the troops as long as you're describing glasses full if congress doesn't pass another relief bill. Williams college economists. Ken kutner says the fed will say. Look if you guys can't get your act together and pass some fiscal stimulus you know. It's going to fall for the fed to try to try to take that slack as best we can and kutner says the feds tools are not ideal for that fed chair. Powell has said repeatedly. The fed makes loans not the grants that struggling businesses and jobless workers need right now.

Mnuchin Janet Yellen Jay Powell Treasury Secretary Steven Mnuc Nancy Marshall Genzer Chair Powell Senate Banking Committee Catherine Judge Congress Powell Treasury Adam Ozimek Upwork Columbia University Ken Kutner FED Williams College
Powell says pace of economic improvement has moderated

AP News Radio

00:55 sec | 10 months ago

Powell says pace of economic improvement has moderated

"The head of the federal reserve will tell lawmakers in a Tuesday hearing the pandemic has left to the prospects of a quick economic recovery extraordinarily uncertain in remarks released ahead of a Senate banking committee hearing fed chairman Jerome Powell says the surgeon new probate cases in the U. S. and abroad is concerning and could prove challenging for the next few months he says a full economic recovery is unlikely until people are confident it's safe to re engage in a broad range of activities palaces that vaccine distribution will be challenging making it difficult to assess the economic implications of that process both Powell and treasury secretary Steven Mnuchin are testifying Mnuchin's remarks indicate that the trump administration is still willing to support a targeted fiscal package to provide further economic relief Jackie Quinn Washington

Senate Banking Committee Jerome Powell U. S. Federal Reserve Steven Mnuchin Mnuchin Trump Administration Powell Treasury Jackie Quinn Washington
"senate banking committee" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

04:04 min | 11 months ago

"senate banking committee" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto

"Crypto educated regulators in key positions in the sec. The cftc sec and doing what we can to try to influence those choices and in survivable played important role in picking. Those people are but because we have a republican senate. Those choices i think. We're going to be much more moderate than they would have. If if the democrats take the senate Under a democrat controlled senate than the progressives Have a little bit more of a say in who those. Those people are but If the senate banking committee is controlled by pat toomey mitch mcconnell's running the senate floor. Those guys are not going to approve of somebody. That's two left and they're gonna need to get some republican votes for those positions. So i think that's good for crypto because the support we've had from democrats tends to be those that are a little bit more to business that are open to You know private sector innovation. And i think that that that is actually a winning combination in. There's potential to get some great great regulators in in those key slots and so for this next administration. What are the main issues that are at the top of both the blockchain association and whole package and does so on the defensive side And this is for the blockchain association We are very concerned about any unnecessary regulation of self hosted wallets or for transfers into out of self hosted wallets. There're not specific proposals out there on that right now. But because fat has has highlighted this. Because what we've been hearing out at of the senior folks from treasury. We think that this is gonna be an issue that we have to watch like a hawk because it goes at the core crypto is in so being being ready to be on the defense for that is is really important in in. We're working on report right. Now that we hope to get out the door In a couple of weeks On that issue. I also think securities loc clarity continues to be an issue that we would like to have addressed it's I don't think it's as urgent as it was. When we spoke was that a year and a half ago on this subject something like that time flies but the But that is something that i think finding a pathway for projects to raise.

senate democrats senate banking committee sec cftc blockchain association pat toomey mitch mcconnell treasury
What the Crypto Industry Could See Under a Biden Administration

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

04:46 min | 11 months ago

What the Crypto Industry Could See Under a Biden Administration

"So to the question. I'm sure everybody's wondering about. He had asked for advocating on behalf of the industry or the community. How will that change. And to describe that sort of set the baseline by describing how or what. The strategy was the trump administration. And how you think that will change under a potential biden administration. Yes you have to remember. The biggest barrier to getting better policy in washington is an education barrier. This is a really new emerging fast emerging space. It's complicated it's difficult for policy makers to find the time to to learn the ins and outs of how it works Another challenge we have. Is that most of your everyday. Average consumers don't really do much with crypto yet. And so it's not top of mind. For policymakers by our strategy over the past couple of years has been to grow the base of champions on these issues and work with them to put forth. What we think are thoughtful. Good solutions Another important piece of what we do. Is we try to stop bad things from happening. Which we've succeeded. Add a couple of times on the legislative side because it's just as important to stop bad things than it is to get good things going forward and i would they an example if well there've been a couple bills that have been floated introduced like a very early version of the manage stable coins or securities. Act for example. You know that would have defined stable coins in a way that it wasn't intended to so the spirit of the legislation might might not have actually been not terrible but the way it was drafted was was would have been very hurtful to the industry and so we were able to work with that office get some of those definitions change but ultimately it stalled into able to prevent that from going forward the the because these are such niche issues. For policymakers we really had to rely heavily on those who have a personal passion for this space. So you know has to pursue. You've interviewed multiple times brian brooks. They've been fantastic. Allies champions to have and having them in those spots heads you know not only have they been able to put forth their own ideas. But they've been able to educate their peers their regulatory regulator peers on on cryptos that. That's positive any congress we. Have you know some good champions that are continuing to put ideas forward but the reality is it's a long way towards actually getting big comprehensive package across the finish line so as we look to the biden administration is if that is indeed dealing with. I mean who knows anything could change. I actually think the combination of a biden administration with the republican senate. Which i think is where we're going but again that could change too but those that is really really good for crypto and there are couple of reasons for that that the trump administration is a little bit mixed. Right as i mentioned we have. Has we have brian. They're great we'll secretary mnuchin. Who's not a big fan of the space Trump himself We have jay clayton. Who has been a skeptic Those are you know mnuchin. Clayton are appointed by trump And they've been standing in the way of getting something so as we look to the biden administration were hoping to be able to get educated crypto educated regulators in key positions in the sec. The cftc sec and doing what we can to try to influence those choices and in survivable played important role in picking. Those people are but because we have a republican senate. Those choices i think. We're going to be much more moderate than they would have. If if the democrats take the senate Under a democrat controlled senate than the progressives Have a little bit more of a say in who those. Those people are but If the senate banking committee is controlled by pat toomey mitch mcconnell's running the senate floor. Those guys are not going to approve of somebody. That's two left and they're gonna need to get some republican votes for those positions. So i think that's good for crypto because the support we've had from democrats tends to be those that are a little bit more to business that are open to You know private sector innovation. And i think that that that is actually a winning combination in. There's potential to get some great great

Trump Administration Biden Mnuchin Brian Brooks Biden Administration Republican Senate Jay Clayton Washington Senate SEC Congress Donald Trump Clayton Cftc Senate Banking Committee Brian Pat Toomey Mitch Mcconnell
Senate Banking Committee Approves Contentious Nominee Judy Shelton for Federal Reserve Board

Bloomberg Businessweek

00:24 sec | 1 year ago

Senate Banking Committee Approves Contentious Nominee Judy Shelton for Federal Reserve Board

"We begin in Washington. Judy Shelton, President Trump's contentious picked for the Federal Reserve sport of Governors. Was cleared a key hurdle to confirmation by winning the approval of the majority of the Senate Banking Committee. She was back in the party load a party line vote today 13 to 12 committee also voted in favor of Fed nominee Christopher Waller, currently director of research at the ST Louis Fed. His nomination past 18 to

Christopher Waller Senate Banking Committee Louis Fed Judy Shelton Federal Reserve Washington Director Of Research
Jerome Powell sees long road ahead for jobs market

BTV Simulcast

01:03 min | 1 year ago

Jerome Powell sees long road ahead for jobs market

"Fed chair Jerome Powell says the U. S. economy may be entering a period of significant improvements in employment but the one that will leave the labor market well short on a robust levels seen just before the corona virus pandemic testified via video conference before the Senate banking committee it's all quite uncertain but we we appear to be entering that that second phase a problem of the economy re opening we're seeing apparently the beginning of that with the game plan a report and we would expect to see you know large numbers of people during this period coming back to work their parts of the they will struggle to return to their their old ways of activity because it involves getting people together closely in large groups all of this assumes that the virus remains reasonably well under control and doesn't doesn't experience you know internet were were fire short rises widely across the nation until the U. S. economy short long run I am confident that we will have a full recovery economy's going to recover from that but we just have to be a little

Jerome Powell Senate Banking Committee
Powell Says Despite Signs of Stabilization, Risks of Long-Term Economic Damage Are Significant

WSJ What's News

00:30 sec | 1 year ago

Powell Says Despite Signs of Stabilization, Risks of Long-Term Economic Damage Are Significant

"Reserve Chairman Jerome Powell said today there are significant risks of long-term economic damage from the coronavirus pandemic, despite recent signs of improvement till the public is confident that this disease contained a full recovery is unlikely. Or, over the longer, the downturn list's the greater the potential for longer term damage from permanent job, loss and business closures. Powell's comments before the Senate. Banking Committee, come as Congress considers additional stimulus for American

Jerome Powell Chairman Banking Committee Senate Congress
Fed's jerome Powell Says Congress Should Do More To Save Economy

Marketplace with Kai Ryssdal

02:42 min | 1 year ago

Fed's jerome Powell Says Congress Should Do More To Save Economy

"With all possible. Respect to Jay Powell. The Chairman of the Federal Reserve is saving a cratering. American economy is no easy thing right but with all respect the time ten weeks into this thing has come to say all right. Show me what you got and we say that because Miss Pal has in television interviews in congressional testimony made clear that he believes Congress while already having done a lot of risky work should do more but he has also said. Mr Powell has what us the Fed. Oh we're not gonNA run at it and munition in more proper actual fedspeak yesterday. Ms Powell told the Senate Banking Committee. The Fed is quote committed to using our full range of tools to support the economy in this challenging time and quote so those tools what might be. Here's marketplace's Mitchell Hartman. Think of the Fed like a plumber. It's job is to make sure money keeps flowing through the US financial system when the system gets clogged by say a pandemic. The Fed whips out its monetary policy wrenches and drain remorse to unclog the flow of money. Make it cheaper and less risky to borrow and land. That's what the Fed did in mid March when it cut interest rates to zero says Brad McMillan at Commonwealth financial and that was really key to preventing paddock. Because of what? It said that the central bank was not going to let a crisis happen since then. The feds kept money flowing by adjusting banking rules. Buying up Treasury and mortgage bonds and the list goes on says Mark Zandi at Moody's analytics so the Stock Bond Markets Credit markets. Broadly are functioning. Well they still have some more room to maneuver here if they need to. Zandi says the Fed could backstop the mortgage market as more homeowners delay monthly payments and could buy more and riskier corporate bonds to keep credit flowing and the Fed is about to get money out to small and mid sized businesses through its new main street lending facility but one thing the Fed can't do says Andy is pumped money directly into the economy. Good things going again. Now that the people lost lots of jobs people very nervous lot of uncertainty. And that's more difficult for the Fed. The Central Bank could try to help Americans more directly says MIT economist. Deborah Lucas. Let's call helicopter money. They could print money and they could distribute it to households but she says that would be risky and would require the Fed to manipulate the money supply and banking system in ways it never has before I'm Mitchell Hartman for

FED Jay Powell Mitchell Hartman Senate Banking Committee Miss Pal Deborah Lucas Chairman Of The Federal Reserv United States Mark Zandi Congress MIT Brad Mcmillan Moody Commonwealth Financial Treasury
Warren, Mnuchin spar over Treasury's $500 billion bailout fund

AP 24 Hour News

00:26 sec | 1 year ago

Warren, Mnuchin spar over Treasury's $500 billion bailout fund

"Members of the Senate banking committee were critical of the administration's response to small businesses choked by the new virus senator Elizabeth Warren had harsh words for treasury secretary Steven Mnuchin for not forcing companies receiving federal aid to keep workers on the payroll as planned you're in charge of half a trillion dollars you're boosting your Wall Street and you are leasing

Senate Banking Committee Elizabeth Warren Steven Mnuchin Senator
"senate banking committee" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:24 min | 1 year ago

"senate banking committee" Discussed on WBZ NewsRadio 1030

"A Senate banking committee hearing Elizabeth Warren said Mnuchin's not doing enough to force companies getting money under a virus relief package to keep workers on the payroll and when he would not commit to doing that you're in charge of half a trillion dollars you're boosting your Wall Street Mnuchin had earlier pointed to the high unemployment numbers as a reason to re open the economy the large number represents real people this is why it is so important to begin bringing people back to work in a safe why Sharon brown says it doesn't look safe to him how many workers should give their lives to increasing GDP or the Dow Jones one thousand quakes Mnuchin called that unfair Sager made Donnie Washington president trump says he will consider wearing a mask is this week as he visits a Ford plant in Michigan masks are required there AGM parts plan a Rochester New York is also coming back to life the doors here at General Motors in Rochester are finally opening union representative Dave Maloney says about eight hundred of its members return to work but emotions were buried it's a mixed bag some people are fearful to come back in some folks really wanted to come back to work and they were just tired of being out the plant which makes engine parts for S. U. V. in cars is taking steps like temperature screenings for every employee sanitizing of workstation throughout the day and face and eye coverings provided for all work in the plant was shut down there for some nine weeks due to the outbreak at six forty seven a new warning tonight for the MBTA thanks to the pandemic a new report from the tease advisory board as saying the group says it might be time to scale back on spending that could affect plans like changes to fare collection also we can service ridership has been to near historic lows since the pandemic started and members of the board say they're worried about debt levels in the tees budget spot twenty two percent right now the board saying serious questions need to be asked about if this is just a sustainable and also affordable regardless of the policy meantime in New York at the transit authority is testing a new way to kill a covert nineteen ABC's Erica Turkey small lamps mounted on the poles inside subway cars flash disinfecting ultraviolet light the doctor David Brenner at Columbia University said kills covert nineteen UV light that's going to be used in my current overnight.

ABC Erica Turkey MBTA representative Michigan president Donnie Washington Senate Columbia University David Brenner Elizabeth Warren New York advisory board Dave Maloney Rochester General Motors
Mnuchin defends government's trillion-dollar stimulus efforts

Glenn Beck

00:43 sec | 1 year ago

Mnuchin defends government's trillion-dollar stimulus efforts

"Outbreak members of the Senate banking committee holding the hearing today tracking how the relief funds from the trillions in programs already approved or being approved and spent lawmakers on the Senate banking committee holding a video conference hearing Tuesday urging the treasury secretary to move fast on hundreds of billions of dollars in corona virus loans for businesses and local governments this after a congressional oversight committee found the treasury department has only spent a fraction of a five hundred billion dollar relief fund treasury secretary Steve Mnuchin says weaker committed approximately two hundred billion in credit support under the Care Act we have the remaining money to create or expand these programs as needed and your dimmer ABC news

Senate Banking Committee Treasury Department Steve Mnuchin Outbreak ABC
Powell, Mnuchin Testify on Economic Response to Pandemic

WSJ What's News

01:04 min | 1 year ago

Powell, Mnuchin Testify on Economic Response to Pandemic

"Jerome Powell and Treasury Secretary Steven Mnuchin spoke before the Senate Banking Committee. Today on the economic response to the pandemic in his opening statement Powell addressed the toll. The pandemic has taken on Americans. Well more than twenty million people have lost their jobs and recent research shows that What others have also found if people earning less are the ones artist it is reversal of economic fortune has caused a level of eight is hard to capture in words as lives are upended amid great uncertainty about the future. Mnuchin says he's prepared to provide more money and take more risks on lending programs the Federal Reserve's created to combat the pandemic. He also spoke about efforts to get people back to work safely as we listened to medical experts. We are optimistic about the progress being made on. Vaccines Antiviral therapies and testing working closely. With the governor's we are beginning to open the economy in a way that minimizes risks to workers and customers. We expect economic conditions to improve in the third and fourth quarter and into next

Jerome Powell Steven Mnuchin Senate Banking Committee Federal Reserve
Mnuchin gets sharp questions at Senate hearing

AP News Radio

00:50 sec | 1 year ago

Mnuchin gets sharp questions at Senate hearing

"Treasury chief Steven Mnuchin has come under sharp questioning from two Senate Democrats about the virus response at a Senate banking committee hearing Elizabeth Warren said Mnuchin's not doing enough to force companies getting money under a virus relief package to keep workers on the payroll and when he would not commit to doing that you're in charge of half a trillion dollars you're boosting your Wall Street Mnuchin had earlier pointed to the high unemployment numbers as a reason to re open the economy the large number represents real people this is why it is so important to begin bringing people back to work in a safe why Sharon brown says it doesn't look safe to him how many workers should give their lives to increase in GDP or the Dow Jones one thousand quakes Mnuchin called that unfair Sager made Connie Washington

Steven Mnuchin Elizabeth Warren Sharon Brown Mnuchin Sager Connie Washington Treasury Senate
Mnuchin gets sharp questions at Senate hearing

AP News Radio

00:50 sec | 1 year ago

Mnuchin gets sharp questions at Senate hearing

"Treasury chief Steven Mnuchin has come under sharp questioning from two Senate Democrats about the virus response at a Senate banking committee hearing Elizabeth Warren said Mnuchin's not doing enough to force companies getting money under a virus relief package to keep workers on the payroll and when he would not commit to doing that you're in charge of half a trillion dollars you're boosting your Wall Street Mnuchin had earlier pointed to the high unemployment numbers as a reason to re open the economy the large number represents real people this is why it is so important to begin bringing people back to work in a safe why Sharon brown says it doesn't look safe to him how many workers should give their lives to increase in GDP or the Dow Jones one thousand quakes Mnuchin called that unfair Sager made Connie Washington

Steven Mnuchin Elizabeth Warren Sharon Brown Mnuchin Sager Connie Washington Treasury Senate
"senate banking committee" Discussed on KDOW

KDOW

09:40 min | 2 years ago

"senate banking committee" Discussed on KDOW

"The Senate banking committee each their job is to make sure okay that they there are they over she federal reserve and in the end their job is to make sure again that the federal reserve they make sure the economy is working for us that's the whole thing with this in the Senate and house banking committee is their responsibility to make sure we get a nice return on our investments watch out for red flags winners inflation would be dead inflation back down made this is their job and they don't do it they they don't it because the federal reserve is to put your call by the one one hundredth of one percent they own it so they raise rates when I should be raising rates thank you bridge to lower the should be given racial low number eighty four percent a one percent child picked up eighty four percent of all the wealth increased gentry trump got elected which is about the use one eight trillion dollars they they pick up eighty four percent the one percent that goes in their pocket and they don't take that money and power back into the economy to grow the economy they don't they put in their own pocket these are for stock buybacks and when you think about the money as a country where go is ridiculous I'm glad we're getting out of Afghanistan and Iraq you know those wars cautious about thirty four trillion dollars thirty four trillion dollars that close interest thirty four true we have borrowed we can't afford thirty four trillion what our government is broke report boring one trillion a month from China just to cover art yet our guests going thirty five percent faster than our economy this is unbelievable this is crazy so we have our such security whatever Medicare Medicaid that cost is about two point five billion a year we can't afford any of this the big one is killing us is the affordable Care Act obamacare and the bad thing about that one that doesn't have to be approved each year yeah that's the bad you see all the other things have to be approved each year and you have a seat for example we spend about four percent on foreign aid we spent three percent on science technology and NASA we spent three percent on the environment air safe drinking three percent of roads and bridges and and the three four five percent and you know the education and work force and all these sorts of thing which comes down to about that's about every year we have to go in and get about twenty nine billion there has to be voted us call discretionary money so every year they got a door in okay and if they got a past they got a congressman they're passing these Aussie okay we're going to fund it we got a funny she got to fund these programs is discretionary programs like foreign aid in science and natural resources rich broth you got to finance it you got to get permission I really got a vote on it but you know our health care they don't have to vote on any of it you for well Kerr is killing us just her blush however it does have the voter every years automatic automatic that's ridiculous so what's happening is all the money in this country is going to one spot one group of people and none of that money is trickling down anymore it's not you're going down to the middle class and we need the middle class she you gotta keep building jobs good jobs and high paying jobs in manufacturing and construction spending because that's one of the big money is it when you and that's how the middle class grows from those high paying jobs in construction your construction spending and so forth in manufacturing as we go you make big money and and what happens when I go on they pay their bills I made enough money that they can open up their own little business and that's the key start up businesses the middle class is always been the foundation of our economy is weak they make enough money they pay their bills have enough discretionary money left to go out and start a business that's all gone the middle class is shrinking that's one of the biggest problems this country have so what they talk about that on Sunday every Sunday talk about the same thing how do we screw trump if you hate trump you are if you are on the page you've got to turn around and tell your country stop it you're killing us is all this going on is the top one percent is getting richer the top one percent that is getting richer and half of Americans can't even put two hundred dollars aside for an emergency half of all the working for free yeah they got half only make thirty eight thousand dollars year that's it so now they're talking about tomorrow they there was anything they want they want to lower rates are you not she doesn't match today they're bragging about we have an all time high but I got a lower rate you if you're gonna you want lower rates if you had a good economy why would you look you can raise rates so why do they want to cut rates again for a third time in a row and each time a cutter they they they were cut rate each all that happens is the rich get richer and a little pleasure poor and main street gets for the jobs they get are lousy mostly all part time jobs so they gonna stop with this stuff and I got to get back to this country work on the economy you can get keep giving all the money to one point two million families that's the top one percent you can't keep doing that and and everybody else think about this the top one percent of households one point two million people they have an aggregate net worth about thirty five there eight there well as increased by seven point one trillion the average guy on the street his wealth you take the aggregate of half our population half well the only increased six hundred and eighty million think up half of our population well this is increased only six or eighty million but the one percent of our population increased seven trillion does it work so they figure the way they can fool us the rich get richer because they can keep in your fridge solo for so long keep a bubble going first was dot com the housing god knowledge Q. econ now the start another one keep these bubbles gone and fool everybody in say the economy's growing all right so what you should do right now join my gang and as I showed you told you before follow me on gold a you and start follow me on oils Halliburton now you're going to hear me say that now so we go to run outside of the goings gal by Halliburton don't do that a lot of people do that I should write a fella I I I heard Phil stand radio and I lost money of course you lost money in a joint again you hear me say Halliburton you got your body does the hell you're doing but if you join a gang for thirty nine Bucks at two o'clock in the afternoon went to the video about Halliburton you make money you'll be making money they also make money with the market's going down that's the key so that when you go to bed at night it's not gonna matter if you are the markets going up our markets going yeah but we we can't we can't keep on this this economy just can't survive the debt right now is horrible age is just saying I mean you think what manufactures the weakest in ten years right weakest in ten years construction this is the kind of seventeen years wages real wages have gone up one half of one percent over twenty years that's it are you not this is crazy this crazy and and and you think of the you think of the consumers the route they're spending forty percent more than the wage income because they can go get credit card interest rates are low and then they look at the stock market I'm okay because she NBC or fox told me the economy's growing just take a look at the stock market not join my gang eight seven seven six and again go to my site I remember we got two more we only have two such love for November ninth our seminar here's your sort of Florida learn to ten people she had a chart you have been listening to.

"senate banking committee" Discussed on The Personal Computer Radio Show

The Personal Computer Radio Show

04:17 min | 2 years ago

"senate banking committee" Discussed on The Personal Computer Radio Show

"That brings us to the pros and cons of global coin as there are mixed reactions in the crypto community to the plans of Facebook. I the con- it's centralized as hell with decentralisation as a core value of bitcoin, and many other crypto. Currencies is easy to say that Facebook's crypto currency cannot be name. Crypto currency at all different projects playing in different leagues. Yes, Goba coin will operate on the blockchain but Facebook will have full power over the network. Data not safe. Anonymity. None safety. None, a vulnerability in Facebook will be the first and would expose global coin, the US, Senate banking committee have raised questions global coins. Consumer privacy for reason, but most important, a lot of the coal value, bitcoin, and crypto currency have global coin doesn't share, what are the pros two point four billion people. As a blockchain researcher points out in the BBC report mobile coin could be one of the most significant events in the short history of crypto currencies with only an estimated thirty million users in crypto, and two point four billion monthly uses on Facebook, the world of crypto currency will open up to a large part of the world with introduction of global coin. So, yes, global coin is not decentralized, and impossible. Compare with bitcoin in many ways, but it can provide the gateway to bitcoin, and all other crypto currencies for billions of people once they made the first step through Facebook, a whole new world of true crypto currencies will open to them. Facebook has had a lot of problems with security and privacy. Let me ask this question. Do you think that with global coin they are going to make sure that privacy and security is in the best interest of the consumer or you just the product? Presenting home automation, mardi Winston replacing those them power strips. Something I decided that I thought I should share with you. So you could at least think about it, it will be a while or maybe never before I can absolutely enforce this everywhere across the house. We moved into an April, but I'm determined to eliminate a couple of all too familiar entities from among the places we plug things into the wall. I want to get rid of power strips and I wanna get wit of outlet multipliers in their place. I wanna have enough hard wired outlets wherever I need them that I'll never miss those power strips outlet multipliers as we retrofit this old house. I've already had the electricity, install forty new to gang boxes. Each gang takes a duplex receptacle that's to receptacles per duplex times to gangs for box times forty pox. Hundred and sixty added outlets really closer to one hundred and fifty because a few are special purpose single gang installations, but still one hundred and fifty additional outlets. Maybe that's overkill take a look around you at my desktop. I have a system unit. Two monitors six port USB charger seven port USB, three hub and an LED desk lamp so far. Most of that isn't using those outlets per se. I have seven backup power supplies under the desk, actually, it's now eight and those are plugged into the outlets and my desktop devices plugged into those, but sparsely, the lower the load on a UPS the longer it keeps running during an outage. Also. When I added a whole house. Surge suppressor I became free to ignore that..

Facebook mardi Winston Senate banking committee US researcher BBC
"senate banking committee" Discussed on KGO 810

KGO 810

01:35 min | 2 years ago

"senate banking committee" Discussed on KGO 810

"I would commend all of our listeners to go there and what else would you like us to do? How, how can we support this Bill this AB five thirty nine? Well, we, we appreciate it so much. So the Bill is actually going to be heard on the assembly floor tomorrow. We expect it to pass, but where we are disappearing some challenges on the Senate side. So we would encourage anyone who's interested in supporting legislation to visit the safe and affordable, credit dot com website you can go. There's a take action button and sleep. You can submit a letter of support, but you can also call the senators on the Senate banking committee and tell them to support the Bill for all Californians. Okay. I see take action. I almost missed it, because it's actually highlighted. But yeah, if you go to the website, it's on the top bar, and it's to the very right, it says take action and you click on that, and it takes you right to where you need to go to be able to support this, because this has to stop this. I it's just it really is. If you were a loan shark, you would only dream of the kind of agreement that, that these are sucking. People into it's really God awful so Geneva. I'm so happy that you joined us today. Thank you so much for being with us. Congratulations to you until one main financial for being responsible lenders here. My pleasure. Thank you very much for having me you betcha. And again, the website is safe, affordable credit dot com. I'm Pat Thurston. This Keijo Pat Thurston on K G O eight ten..

Pat Thurston Senate banking committee Senate Geneva
"senate banking committee" Discussed on WLAC

WLAC

01:49 min | 2 years ago

"senate banking committee" Discussed on WLAC

"Serving congressman dead on Jack Callaghan. Fox news. Former Michigan congressman John Dingell who represented southeastern Michigan in the house. For nearly six decades has died. You told the National Press Club in two thousand fourteen showed fifty seven years ago. My fellow citizens elected me to serve the congress. The United States. The highest most directly elected office in the constitution. I've been lucky to receive their trust twenty nine more time his resignation in two thousand fourteen his constituents elected another Dingle, his wife, Debbie has served since congressman John Dingell was ninety two after a day of drama acting attorney general Matthew Whitaker will testify to the House Judiciary committee in the morning. The acting attorney general had been saying he wouldn't appear before the House Judiciary committee after lawmakers approved at tentative subpoena to make sure that Matthew Whitaker would answer questions. They're expected to ask about the Trump campaign and potential ties to Russia Winokur called the subpoena threat, an active political theater and said he wouldn't appear unless the committee dropped it. But committee chair Jerrold Nadler said after talks Thursday night with the Justice department Whitaker will appear Friday. Fox's Jill NATO reports. Committee Democrats were concerned that Whitaker would invoke executive privilege and avoid answering questions about his oversight of the special counsel investigation. The Senate Judiciary committee vote. Voted along party lines Thursday, send the nomination of attorney general nominee William bar to the full Senate Alabama has lethally injected convicted killer Domani grave, the nineteen ninety-five murder and rape of a teenage girl supreme court Thursday night, setting aside, a lower court ruling that had temporarily blocked the execution because the state would not allow Ray to have a Muslim imam in the death chamber during the execution..

congressman John Dingell House Judiciary committee Matthew Whitaker Senate Judiciary committee congressman acting attorney general Fox Michigan Jerrold Nadler Russia Winokur Jack Callaghan National Press Club United States attorney congress Dingle special counsel Justice department lethally William bar
"senate banking committee" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:21 min | 2 years ago

"senate banking committee" Discussed on Newsradio 1200 WOAI

"Watch the news. They want someone they can trust mar- job is to cut through the talking points. Martha McCallum we're going to ask the tough questions because there's a lot of conventional wisdom out there that needs to be challenged in bringing what I'm doing is making sure that whatever is develops through the day. People are fully informed from coast to coast. We're twenty four seven news, but really down to the minimum. We're going to be fearless. We're going to be fair. Whether it's midnight were there, Fox News channel, real news. Real honest opinion, the Justice department confirms acting attorney general Matthew Whitaker will testify before the House Judiciary committee on Friday about this special counsel's probe house. Democrats had threatened to issue a subpoena to compel Whitaker's testimony. He said if they did he wouldn't show up what occurs days as acting attorney general growing few the Senate Judiciary committee voting Thursday on the nomination of William bar to succeed him. As names. Nomination will be favorably reported to the floor. He Democrats voting against the nomination. Fearing bar will not release the special counsel's final report when it's ready confirmation by the full Senate his expected the US supreme court has stopped Louisiana from enforcing new regulations on abortion clinics with a five to four vote. The justices late Thursday halting at least temporarily a law that requires abortion providers to have admitting privileges nearby hospitals, the long term care facility where an incapacitated woman was raped and later gave birth in Arizona announcing its shutting down officials with hacienda healthcare say the board of directors concluded it is no longer sustainable to keep the facility open. Arizona. Governor Doug Ducey, criticized the decision saying the facility is the only home some of the patients know or remember, and forcing them to move should be a last resort. The center was caught off guard when the woman gave birth last December one employee telling police they had no idea the patient was pregnant a former hacienda nurse was arrested after police determined DNA taken from the suspect. Snatched the baby Steve rappoport. Fox News league baseball, mourning the death of one of its greats. Frank Robinson, the first African American to manage in the big leagues. The only player ever to win MVP honors in both the American and the National League's has died at the age of eighty three big losses on Wall Street Thursday. The Dow dropping two hundred twenty points, NASDAQ down nearly eighty seven the S and P five hundred lost twenty five points. Dow futures are down more.

Matthew Whitaker William bar acting attorney general Arizona special counsel Martha McCallum Fox News House Judiciary committee Senate Judiciary Governor Doug Ducey Frank Robinson hacienda healthcare Senate Justice department National League baseball MVP Steve rappoport US
"senate banking committee" Discussed on The Young Turks

The Young Turks

01:44 min | 3 years ago

"senate banking committee" Discussed on The Young Turks

"Of your hard earned dollars because financial predation bureau has returned billions of dollars to the American people because it was fraud. The bankers have armies of lawyers. They're not paying billions of dollars. If they didn't do it, they did do it. The protection bureau protected. You return that money to the average American. Now Cran your says says, no, no, no, I'm not. I'm not going to represent you just like move, Amy. I will represent the giant bankers and the payday lenders, and we will rob you blind and almost not almost every Republican will vote for guaranteed. Tell your head atop -solutely guaranteed. They will all vote for her. And they'll be proud of it. So the next time you vote for a Republican, why don't you just give me your wallet while you're at it? So you just hush on something that I want to elaborate on, because there is a little bit of hope when it comes to the story, believe it or not. So right now, the Senate banking committee is likely to approve her nomination, but they're not the alternate deciders. The ultimate deciders includes the entire Senate. So the Senate will have to vote on confirming her. There unlike Louis to get to that vote until after the midterm election. So with that said, it is incredibly important to elect. Progressives. I'm not saying elect Democrats, I'm saying elect progressives people that you know will vote against this nominee. Perfect example. I feel like sometimes the only people who actually are nonpartisan and it's ironic because they say, oh, you guys are by over perspective. We have perspective that is yes, progressive but also looking at for the average person. So who also attacks Democrats and Republicans almost no one else. Right..

Amy Senate Senate banking committee fraud Louis
"senate banking committee" Discussed on The Young Turks

The Young Turks

01:37 min | 3 years ago

"senate banking committee" Discussed on The Young Turks

"Well, that's one terrible thing that's coming up, but we have more news on what's going to happen to the CF. Let's get to that. The consumer financial protection bureau has been controlled by Mick Mulvaney as of late and Mulvaney has done anything and everything possible to essentially tear the CF apart. This is the one bureau that's supposed to look out for you as the consumer. He has dismantled it now in the future, it's this organization is going to need a new leader because Mulvaney was just supposed to be an interim head of the cfpb. So news is broke. It has broke. Recent news indicates that the Senate banking committee is likely to vote in favor of a woman named Cathy Cran injure to be the new head of the consumer financial protection bureau. Does she have any experience as the head of any government agency? Know does she have any. The experience in the financial sector in any way, know what experienced she have. Well, she has worked as an aide to Republican politicians. Voting politicians, they just can't wait to protect consumers. Yeah. I mean a favor for the banks. They would never do that. They're always looking out for you guys saying, how can we regulate the banks to make sure there's enough cops on Wall Street to protect average American. So she's probably studied in the art of how to screw over consumers to help Wall Street because that's all the Republicans ever do in congress..

Mick Mulvaney interim head Cathy Cran Senate banking committee cfpb congress
"senate banking committee" Discussed on The Majority Report with Sam Seder

The Majority Report with Sam Seder

02:20 min | 3 years ago

"senate banking committee" Discussed on The Majority Report with Sam Seder

"Going to pick the woman i think that our representation in legislatures and elected office more generally is is appalling in terms of the gender balance and and i think we need to need to make that right all right let's turn to i agree let's turn to a couple of pieces that you have up and we'll start with the most recent first ones at the intercept another one's at the new republic these are two things that i would say are in your wheelhouse after you talk about highlights magazine and that would be banking regulations writ large and monopolies we i think had spoken briefly and i'm not sure if it was here on ring afire fire radio about the implications of the the bill to guess in some ways begin to degrade doddfrank just remind us what that that bill debt sure so there's a spill s twenty one fifty five it's often call up the crepeau bill because mike crepeau is the head of the senate banking committee and co authored it pretty sure that pronounce crap that's yeah i think that's not the only reason started calling it that and the bill does unwind a number of of regulations that were put in under the dodd frank law almost too numerous to count it became sort of a christmas tree with a bunch of ornaments of different little deregulatory measures dozens of them within this bill the ideas that it's supposed to help community banks and give them relief but in reality there are measures for virtually every type and size of financial institution the biggest and most impactful measures affects what i call stadium banks which are banks that aren't big enough to be maybe the biggest banks on wall street but big enough to have the stadium named after them and it's it's certainly moves along the continuum of deregulating this industry that caused the so much pain only a decade ago.

mike crepeau senate banking committee
"senate banking committee" Discussed on CNBC's Fast Money

CNBC's Fast Money

01:53 min | 3 years ago

"senate banking committee" Discussed on CNBC's Fast Money

"Are you more in favor of a light touch right now so as a regulatory agency our agency the commodity futures trading commission has often been in the forefront of technological evolution it's part of our dna as an agency we try to apply our statute on a principles based approach we look at the core principles and apply to new innovations like this and that's the pro chief taken in the case of bitcoin futures but all of us as regular regulators have to apply our statute in the spirit in which was written in the spirit was conceived by congress at the end of the day it's four congress and not regulators decide whether whether new policy should be volved for these new these new these new asset classes jay clayton from the sec and i recently testified from the senate banking committee and we talked to congress about whether maybe some new legislation might be appropriate in this area and i think you will see going forward wraps in this congress for future congress and attempt to to deal with this new innovation but it is no bitcoin has been in place since eight or nine years or so but the fact that matters that still is relatively do for us at the regulatory agency that's going to take some new openmindedness this some new way of thinking about it for us to get our heads around it congress is going to come up with an framework regulatory framework to to govern this new emerging asset class and technology i think some will depend on the classes at self how they develop but i think there's certainly an appetite amongst a number of congressmen and women senators that i've spoken to to approach this with some new is.

congress sec senate banking committee jay clayton nine years
"senate banking committee" Discussed on Unchained

Unchained

01:59 min | 3 years ago

"senate banking committee" Discussed on Unchained

"Yeah so just focusing on what we're seeing with the regulators the like that sec in the tc i'm encouraged that they are going after things like blatant fraud and i was encouraged after the senate banking committee hearing by the things that you know the head of the was saying but i do think it's really important for them not to think that going after these blatant frauds is their only job here they're making important decisions about how crypto currencies in particular will be integrated or not into the financial system and so it's not as simple as enforcement actions it's what kind of products are okay are we thinking about systemic risks not just risk to individual consumers and again i mean i would reiterate what i was saying about regulators really need to be careful about who all they are getting advice from and these meetings like the i think the tc has a technology advisory committee or something that they they just recently met and i believe created new working groups for deal tea and crypto currencies critic should be on those critics should absolutely be part of the conversation you don't just want people who are supporters i mean to me that's one of the things that is a lesson i guess from our behaviors that lead us into the financial crisis in that supporters of mortgage backed securities subprime mortgages these very complex derivative structures there's a lot of cheerleading that lettuce into widely adopting these practices and i'm really concerned that all the cheer about all the cheerleading happening here.

fraud senate banking committee
"senate banking committee" Discussed on Unchained

Unchained

02:03 min | 3 years ago

"senate banking committee" Discussed on Unchained

"Aid and so as people saw in the senate banking committee hearing guide has featured the chairs of the sec and the cftc year we even our regulators are urging that we selfregulate and so i think ryan thinks that this could be a great way to do it and i actually i really find the interesting or the the idea of token curated registries interesting and i think they have a lot of promise one of the issues that i sort of feel like they'll need to work out is like in his post he gave this example of how for instance you could have a curated list of like the top hedge funds and let's say it included andriessen horowitz and union square ventures and itoh sumitomo like last year if this existed last year there were thinking about letting in like pauline in medicine people will the interesting thing is like you know they would have done that because i know thththe they think that those are good hedge funds by the everthing is they think they're so good that they invested in the brain and so in that case lake in that sense there almost you could say quote unquote pumping their own book i don't know if you would necessarily go that far you know it's like when i interview investors like you and i say what tokens are sheeting you you can answer me honestly about what tokens either interesting n e no it's not necessarily that you're wanting to pump up your investments but you're honest answer will have died positive effect on their price raid you do you think that that could be an issue low also what exactly mean ogle was gone by the all by the mantra is out of ongoing to talk about a token than i would rather talk about ones that i put my money where my mouth is right in show low when it comes to a selfregulatory organization uh i can see where there would be a conflict of interest for sure you don't wanna selfregulatory re organization that has a financial.

sec senate banking committee cftc ryan andriessen horowitz ogle