the focus on terrorist financing and illicit finance emerges very important, often thorny, strategic and diplomatic issues, often things that have been happening but are forced to the surface because of the focus on terrorist financing, so how do we think of the muslim brotherhood? this is something we grappled with right after 9/11, something i mentioned in my book, by the way, do we designate the -- the decision at the time with the bush administration was we were can going to look at the muslim brotherhood through a variety of lenses to see where it was that they were actually supporting militant and terrorist causes and where that occurred we weren't going to turn a blind eye, we were going to go after it. the same goes with the question of wojabi funding outside 2 borders of the kingdom. and in southeast asia, those are questions that emerged not because we wanted to create tension with saudi arabia but because we were looking through the landscape of terrorist financing. how do you -- we know terrorist groups have exploited those flows of funds, but where we also know we need c

financing by designations.he treasury department, the government is able to work quietly with counterparts to have counterparts take actions that would disrupt whatever activity at is we would want to see. mr. seche: there was one point in the conversation with the gcc, i think the state department suggested the treasury embed officials within the entire -- the qatari central-bank. that seems like a great idea to me, but is there a flight in the norm at that would suggest to you it's not workable or something we should not consider? ms. bauer: as i said, there's already a treasury presence on the ground. i'm not sure it's necessary to have someone in the central bank of qatar. is of the important things it is in all of government effort. the state department has said in their reports that one of the problematic rings is the individual's ability to but -- problematic things is the individual's ability to bypass the financial sector. various elements to identify. a lot of times what the big challenges in kind of

his interest in housing finance goes back a long way. at least as far back as his service in the treasury department in the early 1990s. in preparing for this event i came across a transcript of his confirmation hearing in 1990 to become assistant treasury secretary for domestic finance. i thought it was significant that in his opening statement he cited the treasury proposals for ensuring safety and soundness of fannie and freddie noting in exchange for federal backing which at that point was only implicit the gsts, quote, should be required to be strongly capitalized and submit to effective and appropriate federal supervision. that was good advice which unfortunately wasn't followed and now, more than a quarter-century later we are still dealing with fallout from having failed to ensure the safety of the gncs. without further a do please join me in welcoming governor jay powell. [applause] >> good morning. thanks to aei for the invitation. thanks to all of you for coming in on this rainy morning. my topic today is the urgent need for f

there are three buckets, terror financing by the government, terror financing done in qatar through their own citizens that the government may not know about and terror financing in qatar that the government knows about but does nothing to stop it. according to the 2015 country reports on terrorism, the state department stated, quote, entities and individuals within qatar continue to serve as a source of financial support for terrorists and violent extremist groups, particularly regional al-qaeda affiliates such as the news ra fund, end quote. there is no excuse for openly harboring terrorists and supporting groups that seek to harm our allies. and it is harboring these nefarious actors is because the u.s. asked them to, no longer stands up. qatar should not be continuing this luckless policy due to past mistakes from previous republican and democratic administrations. we must not allow for our air base to be used as a means to justify this sort of behavior and our lack of a more appropriate response. the behavior much change the status quo, and if it does not, it risks losing our coopera

housing finance since the late 1980s. this precrisis system is did its job for many years by promoting standardization, structuring securities to meet a broad range of investor risk appetites and guarrantying mbs. fannie and freddy brought greater liquidity to mortgage markets, made mortgages more affordable but the system ultimately failed due to fundamental flaws in its structure. in the early days of securitization, the chance that either gs is e would ever fail to honor its guarranty seemed highly remote. but that question always loomed in the background. who would bear the credit risk if a gse were to become insolvent and could not perform? would congress really allah al -- allow the gse to fail given devastating on housing market more broadly? the law stated explicitly the government did not stand behind the gses or their mbs as fannie and freddy frequently pointed out in order to avoid tougher regulation. nonetheless, investors understandably came to believe that the two. gses were too big to fail and priced in an

terror financing by the government, terror financing done in qatar done by their own citizens that the government may not know about, and terror financing in qatar that the government knows about but does nothing to stop it. according to the 2015 country reports on terrorism the state department stated, quote, entities and individuals in qatar continue to serve in support of terrorist groups. there is no excuse for openly harboring terrorist and supporting groups that seek to harm our allies. and the excuse by qatar that it is harboring these nuinarious actors is because the u.s. asked them to no longer stands up. qatar should not be continuing this reckless policy due to past mistakes from previous republican and democratic administrations. we must not allow our air base it be used as a means to justify this sort of behavior and a lack of a more appropriate response. must change the status quo, and if it does not it risks losing our cooperation on the air base. the truth of the matter is none of the gulf countries -- none of the gulf countries are without their issues. all of the nati

in qatar errors terror financing by the government, terror financing done in qatar through their own businesses that the government may not know about and terror financing in qatar that the government knows about but there's nothing to stop it. according to the 2015 report on terrorism this state department quoted quote indices and individuals within qatar continued to serve as a source of financial support for terrorist and violent extremist groups particularly regional al-qaeda affiliates such the nusra friend end quote. there is no excuse for openly harboring terrorists and supporting groups that seek to harm our allies and excuse by qatar that is harboring these nefarious actors because the u.s. asked them to no longer stands up. qatar should not be continuing this wreck was policy due to past mistakes from previous republican and democratic administrations. we must not allow for our airbase airbase to be used as a means to justify this sort of behavior and our lack of a more appropriate response. doha's paper mites and must change the status quo and if it is not a risk losing ou

financing. this uneasy time may just be an opportunity for us to take a long hard look at how and for some if we can effectively address and stop terror financing in the region and ultimately defeat the extremism that threatens the security of us all. but that i turned to my friend the ranking member mr. deutsch for his statement. >> think you madam chairman. thanks to the witnesses for being back before a committee. i think the chair for convening this timely hearing to explore a relationship with qatar in a moment of her instability in the region. the ongoing diplomatic rift between qatar and gulf neighbors is not good for the region and it's not good for american interests. it is a distraction from today's more pressing challenges i ran, the conflict in syria and the spread of terrorism. for most americans who expect complex in the middle east to wallow along sectarian lines or between competing regional hegemon's it is confusing to see sunni-arab neighbors and complex this is a dispute over

the air is thick with housing finance reform proposals. housing finance reform has implications for the federal reserves oversight of financial institutions and for and its economy financial stability. while i would not presume to judge these proposals, i will offer principals for reform, based on the lessons learned the old system's collapse and from the experience of post-crisis banking reform. first, we ought to do whatever we can to make the possibility housing bailouts seem as remote as possible. seem but be as remote as possible. housing could be a volatile sector. housing is often found at the heart of financial crisis. excuse me one second. housing can be a volatile sector, and housing is often found at the center of financial crises. our housing sectors are not structured with that in mind. credit availability for housing hurt a vulnerable households, reduce availability, and as we have seen, can threatens financial stability. goal shoulds, the be that our financial system can continue to function in the face of significant house

because there have always been two faces of finance. >> this is actually my favorite book about financehe describes, and we tend to focus on the negative. >> reporter: desai, wanting to accentuate the positive, uses an exemplar of finance from willa cather's 19th century novel, "oh pioneers!" >> alexandra bergson is this wonderful character who is a farmer, who starts by basically doing a leveraged buyout of farms near where she lives. >> reporter: she borrows money in order to buy. >> she borrows a bunch of money to buy all of these farms. >> now, i've figured it out. we sell most of the cattle and the corn we have left over. we buy the linstrom place. then we take out two loans on our half section and buy peter crow's place. >> she ends up engaging in transactions that would be in any finance textbook. but she never loses sight of who she is. she never behaves in ways that would suggest that she thinks everything is due to her skill, as opposed to luck. she's very conscious of and very humble of her outcome. >> you've done wonders with this land, alexandra. >> we hadn't any of us much

the financing of terrorism and relad forms of elicit finance -- illicit finance provide a direct threat to our national security and financiasystem. so it is critical for the government to create and maintain a unified strategy to fight financial crime. both to accommodate new and developing threats, and to help congress develop legislative and funding priorities now and in the future. additionally, a national strategy should seek to enhance intergovernmental cooperation and to identify illicit financing trends and to encourage federal agencies to work with the private financial sector to do the same. mr. speaker, this bill does these things and will go a long way in making sure we are keeping pace with the ever-changing terror finance landscape. i'd like to thank chairman hensarling for his extraordinary leadership on the financial services committee, and for helping to include this language in the overall bill. additionally, i want to thank the chairman of the terrorism and illicit finance subcommittee, mr. pearce, and for his support and for my colleague, ms. sinema, for her work on

the financing of terrorism and related forms of elicit finance -- illicit finance provide a direct threat to our national security and financial system. so it is critical for the government to create and maintain a unified strategy to fight financial crime. both to accommodate new and developing threats, and to help congress develop legislative and funding priorities now and in the future. additionally, a national strategy should seek to enhance intergovernmental cooperation and to identify illicit financing trends and to encourage federal agencies to work with the private financial sector to do the same. mr. speaker, this bill does these things and will go a long way in making sure we are keeping pace with the ever-changing terror finance landscape. i'd like to thank chairman hensarling for his extraordinary leadership on the financial services committee, and for helping to include this language in the overall bill. additionally, i want to thank the chairman of the terrorism and illicit finance subcommittee, mr. pearce, and for his support and for my colleague, ms. sinema, for her work o

>> i think there's a little bit of a cloud when it comes to mortgage financing in other words, a lot of people think the process is very difficult when in fact it doesn't necessarily have to be that difficult. >> most lenders have stream lined the process online and some will give approval in just a few days. >> we all know that property values have increased which can give them the opportunity to perhaps have mortgage insurance removed from their loan, which in turn can save them a lot of money. >> refinancing is not for everyone, especially if you're closer to the end of your loan term you could lower the monthly payment but resetting the length of the loan again would cost you more in the end. >> how quickly do mortgage rates usually move >> well, they are not like stocks, you won't see a huge jump up in one day and huge fall the next day they do move week to week. they moved higher in this past week so you need to watch the rates week to week, talk to your lender and see what the trend is, not necessarily what the daily rate is. diana, thank you very much >> up next, we're "on th

to should not be financed.l see dealers playing with loan terms because they know they are not being checked. that is where we have seen some of the conflict and litigation. when attorneys general see that, they will have a look and see if everybody is aboveboard. bloombergg thanks to bureau chief david welch. here's mark barton. mark: president trump is preparing to shake up his legal team and the changes may not stop there as investigations into his campaign ties with russia heats up. the president is likely to put his longtime attorney and to a less prominent role. that's according to a person familiar with his thinking. the president is also considering what to do with his communication staff. and venezuela, opposition leader say more than 7 million people thevotes against president's plan to rewrite the constitution. impact, but it could pressure the president to withdraw his proposal. the war in afghanistan killed a record number of civilians during the first six months of this year. reportaccording to a

let's join hands and let's combat terrorism and terrorism financing because if they can't finance their activities they can't attack us. i represent a district that just six months ago two bombs went off. you ask, where did they get the money for the bombs? how did they learn how to put them together? who helped them? terror financing is very important to the world and especially to the united states and especially to new york city which remains the number one terrorist target in our country. i want to thank all of you for your work in combatting terrorism financing and i would welcome any ideas of how we could put more strength behind efforts to combat it, and i think that if we combat it, we would also strike against the financing of terrorism activities and other countries which allegedly, i was listening to my colleagues and their questioning were very concerned about whether they're teaching terrorism and we need to stop that, but my time is way, way over. i want to thank you for being here and thank you for your work and thank you for everything you've done to make the world safer

in it for robert mueller. >> mueller was looking at your finances and his finances unrelated to russia. is that -- >> would that be a breach of his actual -- >> i would say yes. >> the panel is back with me. jeffrey, how would the president know if this council is reaching beyond and what could he do? >> well, he could know because witnesses could come forward and say i was subpoenaed to talk about finances or witnesses are free to talk about their interactions with a criminal investigation, even if mueller, himself, does not disclose it. he could fire mueller. i mean, he would have to tell the justice department, which would mean telling rod rosenstein because sessions recused. if rosenstein refused, he would move down the chain of command to get someone to fire him. presumably, he would get someone to fire him. i don't think we could rule that out. i don't think it is out of the question that robert mueller will be fired. donald trump fired the fbi director, why not mueller? >> on the premise of what he is talking about, he says don't go beyond -- don't get out of your lane. isn't th

our housing finance policies should be clear and should be designed to provide financing for home owners and owners of multi-family units. additionally, such policies should increase private sector participation and protect taxpayers. the other critical component is comprehensive tax reform. we have gone too long without addressing our tax system. our business rate is one of the highest and most complicated in the world. it makes our businesses less competitive and we are commit today changing that. lowering the rate and bringing back trillions of dollars that are sitting overseas will allow business to invest in this country, spurring economic growth. another important component of strong and robust international financial system is stopping bad actors and those who finance them. i would like to acknowledge this committee's effort to combat terrorism and illicit finance with the creation of its newest subcommittee. as our enemies change, so, too, must our weapons that combat them. stopping the flow of funds is one more tool in our arsenal to disrupt our capabilities. our office of terro

but it's clear that his finances were on mr. trump's mind during the interview. >> a lot of condo units and somebody from russia buys one. i don't make money from russia. >> jeff sessions, have your full support? >> reporter: at the white house, the president would not answer kbes about sessions. but at the justice department, sessions and his high command stood side by side and declined to respond to the remarkable rebuke. senior white house official told cnn the president's remarks had a chilling effect inside the west wing, where the president values loyalty above all. it was particularly stinging because sessions was one of trump's biggest cheerleaders. the first republican senator to endorse his bid for the presidency. >> at this time in american's history, we need to make america great again! [ applause ] >> reporter: it's difficult to think of someone in this town, some republican in this town, who has beened a loyal for as long to the president as this republican senator, former republican senator from alabama who gave u

the air is thick with housing finance reform proposals. as i mentioned at the outset, housing finance reform has important implications for the federal reserves oversight of financial institutions and for the u.s. economy and its financial stability. while i would not presume to judge these proposals, i will offer principals for reform, based on the lessons learned from the old system's collapse and from the experience of post-crisis banking reform. first, we ought to do whatever we can to make the possibility of future housing bailouts seem as remote as possible. not seem but be as remote as possible. housing could be a volatile sector. housing is often found at the heart of financial crisis. excuse me one second. volatile sector at yen is often found at the heart of crises. credit fluctuations in households, hurt reduce affordability and availability and can threaten financial stability. as with tanks, the goals should be to ensure the housing continues to function even in severe economic conditions. changing the system to attract large

>> campaign finance can be positive. to bring the reagan era tax credits where average person can keep the first 100 bucks they were going to give to the irs and instead pick a candidate. that gets people back involved in the process, let's candidates look at voters, first a big donor out of state to get the campaign. steve: whayou're saying is the focus of any conservative reform should be to encourage more small donors? >> we have -- the first focus is the positive thing, how do we get people involved in this process? if i gave a check to ronald reagan. steve: people? who do you mean? >> average voters. you asked the right question, they're giving up on the system, all the money is coming from special interests. steve: you want more people to give money? >> that's right. it sounds backwards. we want average people giving money, the politicians count on out-of-state, and illicit practicing, we want to make them go to the voters for the little checks, they'll add up. steve: you talked about tax credits, explain how it wo

this is in terms of the campaign finance law. a foreign national shall not directly or indirectly make a contribution or a donation of money or other thing of value or expressly or impliedly promise to make a contribution or a donation in connection with any federal, state or local election. it goes on and on, but that's the key point. you cannot accept money from foreign nationals if you're running for president of the united states, or any -- or other thing of value here's the question -- is the damage about your opponent, is that a thing of value? >> right. so the entire sort of question of criminal activity here depends on that definition of "thing of value." the federal guidance says it should be construed broadly. the intention here is not for it to be a loophole. that said, derogatory information in and of itself is not necessarily a thing of value. it would be a thing of value essentially if it freed up the campaign from spending its own money to obtain that information. there certainly are -- >> opposition research can b

and your family finances unrelate today russia is that a red line? >> would that be a breech of what his actual charge is. >> i would say yes. by the way, i don't -- i mean, it's possible a condo or something. i sell a lot of condo units somebody from russia buys a condo, who knows. i don't make money from russia. i put out a letter saying i don't. i don't have buildings in russia, they said i own buildings in russia, i don't. they said i made money from russia, it's not my thing. i don't do that. over the years i looked at maybe doing a deal in russia, but i don't do that. other than the miss universe pageant. >> if he was outside that lane would that mean he'd have to go. >> no. i think that's a violation. look this is about russia. >> but a full investigation of the trump/russia relationship would almost have to look at the finances. the rights to host the miss universe pagt were security by russian oligarch agalarov. for the miss universe deal trump sr. was paid a $7 million license fee. after the pageant the washington postsaid agalarov signed a

or the finances of his family. swift on the heels of that report came another from the "washington post," this time about possible white house deliberations about presidential pardons over which trump claimed complete power to pardon that reportedly includes his own family, even himself. these stories only threw more gas on the fire lit by rumors that trump might fire muller much as he did fired fbi director james comey. democrats aren't the only ones who would call that crazy. >> it sort of looks paranoid to me. and the fact is i know bob mueller for a long time. i worked in the justice department. he is a man of integrity, very highly respected in washington. when he was pick, very bipartisan support for this man. we need to let him do his job. wherever that may lead. i think if he fired bob mueller, i think he'd see a tremendous back losh responsibilities from democrats but also house democrats. >> become lash from both sides, democrats and republicans. it really could happen, especially as muller continues to d

i would like to acknowledge the combat effort to finance trim. our weapons that are needed to combat them have changed. our office of financial intelligence is ready to work with this committee and i am looking forward to working with chairman pierce and ranking member to create historic opportunities for american people. i look forward to working with you. thank you. >> senator yields himself five minutes for questions. mr. secretary, you are probably familiar with infrl reserve report in 2016 dealing with the rule that equity of the bond increas increased. you know the director of monetary and capital market provided another critique of the rule saying it can impact the ability of institutions to supply credit. we have a recent study conducted by the bank of england saying in their stress simulation material increase in spreads in the corporate bond market and in the extreme corporate bond market dislocation threatens the markets. as head of f-sock, what are your current concerns on the state of bond market liquidity in general and in specific?

how did you go from being a monk to working in finance. that's a bit of a stretch. >> it is a bit of a stretch, but what i found in the monastery is i wasn't very good at giving spiritual advice, so i had to find some other way of being of service. i was the junior monk in the community and i still have a long way to go in my own spiritual adventures, but i realized that most of the people who were coming to the monastery with deeply disturbing personal problems, if you dig behind them and you really sort of get to know people well, there's typically a critical financial issue lurking somewhere in the background. and i realized that that is what i was really good at helping with, unexpectedly, these problems fell into my lap and in the process, i think i found my real make people's financial lives a little bit better and help them to prevent the suffering i see from poor financial decisions. >> how did you figure out you were good at finance? >> it goes back to a rather painful story in the beginning of our journey when our community faced

how did the finances go down? you have to think about money launldering and look at the finances. again, what you do is welcome the investigation. you know it will exonerate you. you're typically, especially concerned if you think you have criminal and financial exposure. >> thank you. we appreciate your time. >> now let's go to msnbc's garrett -- okay. we'll bring him in in a moment with some breaking news. i'll going to get some guidance from my producers. okay. we'll take a break and be right back. here you go little guy. a cockroach can survive submerged underwater for 30 minutes. wow. yeah. not getting in today. terminix. defenders of home. thow to win at business.ome. step one. point decisively with your glasses. abracadabra! the stage is yours. step two. choose laquinta. where you'll feel like the king of the road. check out our summer rates now at lq.com. who knew that phones would starentertaining us,ng? getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and ca

how did the finances go down? you have to think about money launldering and look at the finances. again, what you do is welcome the investigation. you know it will exonerate you. you're typically, especially concerned if you think you have criminal and financial exposure. >> thank you. we appreciate your time. >>> we have yet more breaking news. the office of senator john mccain saying that he has been diagnosed with a brain tumor. give us what we know. >> sure. well, we know from the senator's mayo clinic that this comes after this surgery that he had friday night to remove a blood clot over his left eye. the pathology test was the outstanding piece of the puzzle here. it came back today and the senator has been diagnosed with the primary brain tumor known as gio blastoma. i'm not an expert. the statement says he's recovering well. that he's doing fine. he's resting comfortably, talking with his friends and family. we're hearing statements from his fellow senators, including senator flake talking about how tough he is. mitch mcconnell, talking about how tough he is. if you're sta

he talks about the issue of terrorist financing. discussed is ensuring we are looking across the board at all aspects of terrorist financing, and that means is we look at the changing nature of terrorism, we don't just took it large-scale financing, we also look at the small sums of i nance and -- financing that are harder to present identify, but whichce and identify, but could underpin the attacks taking place. that is where the communique put a focus. that is a new initiative that has been taken. he talks about modern slave it -- slavery. important to eradicate modern slavery. it was in the agenda because i put it there, because modern slavery is an issue that this government takes very seriously. we introduced my -- the modern the first piece of legislature in its kind in the world and we are working to make sure we eradicate modern slavery. his portrayal of the uk's position at the g 20 was wrong. he wasn't there, i was. >> order. to accommodate colleagues in this matter, there will be an toerative for great brevity become, i h

we need to get the financing to help out areas like the area that i live in. that there's no funding there and we're kind of looked past. mr. boozman: very good. now we'll turn senator card whon has been a great champion -- cardin who has been a great champion on the water issues. he and i have had the opportunity to serve, i was his ranking member a couple of congresses ago. he's just done a tremendous job in this particular area. mr. cardenas: i just wanted to come -- caredcared i just wanted to come by -- mr. cardin: i just wanted to come by. this subcommittee, one of the most productive sessions in congress is when the two of us on this subcommittee worked together. i really do appreciate your commitment to water infrastructure. my staff has told me that most of the points that i wanted to get response from witnesses have already been made. thank you. our chairman has taken the leadership on additional tools to modernize our water infrastructure. in maryland i could tell you about major water main breaks every day. i could tell you about river road in mont

it should stay focused on that, not talking about the finances. but the reality here is bob mueller has this investigation. he is likely going after that. at least it looks like, at this time. but, again, the question is does the president plan to fire him. the white house said he does not plan to file the special prosecutor but they do say he has the authority to do so if he so choosz chooses. the that, of course, issen a open question here but the white house insists he does but not going to right now. >> appreciate that. before moving on i just want to underscore the white house take on the president's warning. here's what spokesperson said today at the no-cameras allowed briefing. >> i think the president, the point he's trying to make is that the clear purpose of the russia investigation is to review russia's meddling in h the election and that should be the focus of the investigation, nothing beyond that. >> that should not be viewrd as a threat or warning as it relates to the president's finances. >> the president's making clear that the sp

he's being briefed by lawyers, and he made clear that he -- his finances, his family's finances were off limits. the white house was asked about that and sarah huckabee sanders the deputy press secretary said, look, this investigation should stay focused on the russian meddling in the election. said look, this investigation should stay focused on -- it should stay focused on that, not talking about the finances. but the reality here is bob mueller has this investigation. he is likely going after that. at least it looks like, at this time. but, again, the question the president plan to fire him? the white house said he does not plan to file the special prosecutor but they do say he has the authority to do so if he so chooses. that, of course, is an open question here but the white house insists he does but not going to at least right now. >> jeff zeleny, appreciate that. bmp moving on, i want to underscore the white house's take on the president's warning to robert mueller. here's what sarah huckabee sanders said at today's no cameras allowed press briefing. >> i think the president,

most of the finance and the report's international finance. so many coming from u.s. or japanese or chinese public finance institution supporting coal-fired power plants around the world. we have also looked at oil and it isnance and found nearly half of all public finance for energy provided by g20 governments. it works all others. especially into things like liquefied natural gas. we are seeing an increase in this public finance. with20 government, even trump in their -- the g20 leaders, even in the climate inergy action plan with trump, agreed they called natural gas a clean fuel, which is circling is not. that is something we want to point out. these fossil fuels and public investment of also feels aren't at all consistent with the aims outlined in the pairs agreement, which all of these g20 leaders -- about what to ask happened after the g20 summit when secretary of state rex tillerson flew to istanbul, turkey, to receive the world petroleum commerce lifetime achievement award in recognition of his outstanding contribution to the oil and gas industry. meanwhile,

it is an encouraging sign if you are the greek finance minister because if you are the greek financeare the greek finance minister you are the greek finance minister you are aware that injuly you are the greek finance minister you are aware that in july 2018 your current bailout programme ends, so you have to either refinance yourself in the market, or wait for a bailout programme, which at this point in time is not something that athens wants to go for, given it has beenin athens wants to go for, given it has been in the past led to tussles with the imf and the eu and these monies have come with strings attached. the fa ct have come with strings attached. the fact that they could price it lower than in the shelley, than the initial yield, at 4.6%, was better than what they got when they have a short window in the market in the; i"; more 1/7 on' q4; if n angles, 5:52? more 1/7 on' q4; if n angles, 5:5; of|ore 1/7 on' q4; if n was held back by the imf. bailout was held back by the imf. that won't happen until greece's debtors gave them debt relief. and the ecb said debt relief is a re

the reality, instead of focusing on innovative financing we need to figure out effective financing first. we did a survey several years ago of water utilities and their experience using the s.r.f., actually 30% of the respondents told us they had never heard of it. that could be problem one. those your va responssurvey resy short to read. -- there are plenty of improvements to make to existing tools. but there's a huge divergence between communities not only in the suburbs of chicago but throughout the united states in practices, rate setting how communities deal with affordability issues, financial management, asset management. communities like chicago with the staff capacity and know-how to employ best practices are doing so, right. in chicago we are replacing water mains when president roosevelt was in office, that's theodore roosevelt. i have is sections of wooden pipe in my office taken out of the ground the last couple of years. served us well those trees depend. many other communities don't have the capacity and technical know-how to use the programs aren't and falling further and

we had the second longest committee hearing and markup in finance eight years earlier. the longest in history. again, the senate leadership recently said no no exposure in the finance committee, zero days in the finance committee, zero days in the health committee zero months for the senators to go back and talk to their citizens and talk to their health care stakeholders about what this bill would mean and you know that something is wrong when you have a process that has diverged so dramatically from we the people. instead, the secret 13 on the zero days of committee examination and the zero days of finance committee and the zero months to be able to consult with healthcare experts and stakeholders and most portly, zero months we will hold a dialogue with the citizens back home. home but, on. we did hear from citizens at ho home, as much of the effort was to hold them at bay and give them the stiff arm, prevent them from weighing in and they weighed in, nonetheless. my office received well over 8000 phone calls and of those they iran 84: one saying stop this diabolical

did end up winning now he's back on the senate finance committee. but that's ok though i'm not angry because eventually i'm going to one thing i'm very good at is persistence and i'm not going to give up and eventually i went up and they'll throw him in jail for for you know treatment for being a traitor to an enemy bank precisely no i mean it's very admirable for doing this likely is to reform the system because it started because you said you lost everything and how did the financial world treat you as a whistleblower h.s.b.c. would any other for people to hire you would just basically cold shoulder and say oh geez this guy is trouble oh yeah no i mean nobody i mean well one when when that when the case first broke i mean people thought i was crazy they you know the. there are always this guy saying this and that you know and it wasn't until the media sort of reporting on it really when matt taibbi did the rolling stone article that's when people sort of listening to me and i started getting more credibility and then when people when i got on came

with that that wall street or the banks need this terrorist financing or drug cartel financing money to operate there are plenty of ways in capitalism to make significant cap money or your capital ethically and i think though what the problem is is not wall street or the banks actually or bankers for that matter i think what the problem is is this is this. is the look is the message that government is sending by saying you know what if you're a whistleblower you get a reward or if you you know launder money then you just get a fine and i think they're removing and they're lessening the actual moral responsibility of these financial institutions in the united states so. i think that the problem is needs to be at the source and i think that the real source of the problem is individuals taking personal responsibility and making sure that that they're doing the right thing and if they're not it's as if something's not going right that they report it not because they're going to get a reward or something but because it's the right thing to do so i think i think society in general has move