| 00:02:20 |
Hensarling, Jeb - U.S. Representative, [R] Texas
RECEIVE THE ANNUAL TESTIMONY OF THE SECRETARY OF TREASURY ON THE STATE OF THE INTERNATIONAL FINANCIAL SYSTEM. THE CHAIR WOULD NOTE THE VERY NOTABLE ABSENCE...
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| 00:08:45 |
Frank, Barney - U.S. Representative, [D] Massachusetts
THE LAST 30 SECONDS OF HIS STATEMENT THE CHAIRMAN MANAGED TO TALK ABOUT THE SUBJECT OF THIS HEARING BUT MOST OF THE FIGHTING WAS AN INACCURATE PART...
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| 00:14:05 |
Miller, Gary G. - U.S. Representative, [R] California
TO BE THE THERE'S JUST A CONCERN. I KNOW WHEN WE WENT THROUGH OUR CRISIS IT WAS VERY CAUTIOUS STAYING OVER THERE AND THAT WAS AN AMERICAN PROBLEM. ...
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| 00:16:14 |
Volcker Rule, -
I HOPE YOU WILL LOOK AT THAT IN A PROACTIVE WAY AND HELP THE MANNEQUIN COMPANIES. >> THE CHAIR NOW RECOGNIZES THE DESIGNEE, THE RANKING MINORITY MEMBER...
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| 00:17:22 |
Carney, John - U.S. Representative, [D] Delaware
SITUATION IN EUROPE AND IN PARTICULAR THE THREAT THAT THAT SITUATION PROPOSES HERE FOR THE RECOVERY IN THE U.S. I HAVE TWO QUESTIONS. FIRST, CAN WE...
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| 00:19:43 |
Hensarling, Jeb - U.S. Representative, [R] Texas
SERVICES COMMITTEE WITHOUT OBJECTION. YOUR WRITTEN STATEMENT WILL BE MADE AS PART OF THE RECORD. AND YOU WILL BE RECOGNIZED FOR FIVE MINUTES TO SUMMARIZE...
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| 00:20:05 |
Geithner, Timothy F. - Secretary
RULE ACCORDINGLY. MR. SECRETARY, WELCOME AGAIN. >> THANK YOU CONGRESSMAN. THANK YOU TO THE MEMBERS OF THE COMMITTEE. THEY DID FOR GIVING ME THE CHANCE...
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| 00:30:03 |
Hensarling, Jeb - U.S. Representative, [R] Texas
YOU KNOW, WE HAVE LIMITED TIME. I THINK YOU DO FOR THAT. I'D LIKE TO GET ON TO MY NEXT QUESTION. SOMETIMES WHEN I CONSIDER OBVIOUS AROUND HERE IS NOT...
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| 00:33:31 |
Frank, Barney - U.S. Representative, [D] Massachusetts
TO SAY THAT I DO AGREE THAT THERE WAS A GROSS VIOLATION OF THE CONSTITUTION BUT THAT WAS THE REFUSAL BY THE REPUBLICAN SENATOR FOR THE CONFIRMATION TO...
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| 00:35:08 |
Geithner, Timothy F. - Secretary
THE BUDGETARY COSTS ARE IN THE REGULATORY BUDGET OF HIS? >> WE HAVE 60 BOOKS YEARS OF EXPERIENCE FOR A BRIDGE VARIETY OF CRISES. WE HAVE NEVER LOST A...
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| 00:38:47 |
Miller, Gary G. - U.S. Representative, [R] California
HAVE ASKED ON THE 2010 MEETING TO DOUBLE QUARTER. WE HAVE HAD SOME RESPONSES. IT HAS BEEN ASKED TO TRANSFER FUNDS. YES, WE WILL. WE WILL BE ASKING...
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| 00:39:24 |
Geithner, Timothy F. - Secretary
A LOT OF EUROPEANS HAVE EXPRESSED CONCERNS ABOUT THE RISK. THOSE ARE SOME AMONG THE MANY OF THE COMMENTS HAVE RECEIVED ABOUT THE INITIAL DRAFT PROPOSED...
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| 00:44:35 |
McCarthy, Carolyn - U.S. Representative, [D] New York
ON THE OPENING STATEMENTS. I DID READ IT. RECENTLY, THE EUROPEAN ACT TO RESTRICT THE SERVICES OF SECURE FINANCIAL MESSAGING TO THE IRANIAN THINGS....
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| 00:45:18 |
Geithner, Timothy F. - Secretary
WITH THE U.S. >> THE COMBINED EFFECT OF THESE LATEST SANCTIONS, BOTH TO DISCOURAGE COUNTRIES FROM BUYING IRANIAN OIL AND CUT BACK SIGNIFICANTLY AND...
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| 00:49:25 |
Biggert, Judy - U.S. Representative, [R] Illinois
CHAIRMAN. WELCOME SECRETARY DINER. IN CONJUNCTION WITH STATE REGULATORS AND THE U.S. TRADE REPRESENTATIVES, ONE OF THEIR MOST IMPORTANT MISSIONS IS...
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| 00:50:33 |
Geithner, Timothy F. - Secretary
BUT IT IS NOT THAT BIG OF A RESOURCE QUESTION. >> OKAY. I WOULD LIKE TO GO BACK TO MR. MILLER WAS TALKING ABOUT THE
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| 00:50:44 |
Volcker Rule, -
VOLCKER RULE. I KNOW THAT THERE HAVE BEEN ASSOCIATIONS LIKE IN AUDIBLE, A LETTER DATED IN EVERY 2012. THE VOLCKER RULE IS PROHIBITED IN PROPRIETARY...
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| 00:54:15 |
Waters, Maxine - U.S. Representative, [D] California
THE WORLD, AND WE HAVE A STRONG INTEREST IN THE SUCCESSFUL RESOLUTION OF THE CRISIS, AND I ABSOLUTELY AGREE WITH YOU. HAVING SAID THAT, LET ME COMMEND...
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| 00:55:34 |
Geithner, Timothy F. - Secretary
INITIATIVES? >> THANK YOU FOR THOSE QUESTIONS. LET ME FIRST SAY ON THE SWAPS, EUROPE HAS A MUCH LARGER BANKING SYSTEM IN THE UNITED STATES. MUCH LARGER...
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| 00:58:56 |
Neugebauer, Randy - U.S. Representative, [R] Texas
FANNIE MAE, FHA, AND THE LIST GOES ON AND ON. I THINK THESE WERE UNPRECEDENTED TIMES THAT WE WERE IN, AND WE WOULD'VE NEVER THOUGHT THE U.S. GOVERNMENT...
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| 00:59:35 |
Geithner, Timothy F. - Secretary
OF EXPERIENCE THROUGH TERRIBLE CRISES LOOKING AT WHETHER THOSE FINANCIAL SAFEGUARDS WERE TESTED AND HOW DID WE DO? I AM VERY CONFIDENT THAT THOSE...
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| 01:01:59 |
FSOC, -
RULES CONSIDERING WHAT SIGNIFICANTLY FINANCIAL INSTITUTIONS CAN CAUSE A FINANCIAL RISK TO THE SYSTEM. TO YOUR CREDIT, I THINK YOU HAVE PUT FORTH SOME...
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| 01:03:44 |
Maloney, Carolyn - U.S. Representative, [D] New York
MALONEY'S. >> NAKED, MR. SECRETARY FOR YOUR SERVICE. I WANT TO CLARIFY ONE OF THE POINTS YOU WERE TALKING ABOUT. YOU SAID THAT IT NEVER COSTS TAXPAYERS...
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| 01:05:57 |
Geithner, Timothy F. - Secretary
WITH COUNTRIES AROUND THE WORLD TO FREEZE THE ASSETS OF QADDAFI AND HIS ASSOCIATES AND THE INSTITUTION THEY CONTROLLED. VERY QUICKLY. WE ARE NOW WORKING...
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| 01:09:46 |
Garrett, Scott - U.S. Representative, [R] New Jersey
BAILOUT. IF THE GENTLEMAN WILL STEP ASIDE, IF THE GENTLEMAN WILL STEP ASIDE. I BELIEVE THAT NUMBER WOULD BE HARDER IF IT WASN'T FOR THE WORK OF MR....
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| 01:11:10 |
Geithner, Timothy F. - Secretary
WE HAVE ACTUALLY BEEN WORKING VERY CLOSELY WITH MR. DEMARCO. HE HAS BEEN PUT IN A TOUGH JOB, AS HE SAID. HE HAS BEEN OVERWHELMINGLY SUPPORTIVE AS WE...
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| 01:14:51 |
Meeks, Gregory - U.S. Representative, [D] New York
FIRST TALK ABOUT WHERE MS. MALONEY HAD TALKED ABOUT THE IMF. I THINK THIS CONVERSATION GOING ON IN THE SENATE RIGHT NOW ABOUT THE REAUTHORIZATION OF...
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| 01:16:42 |
Geithner, Timothy F. - Secretary
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| 01:20:16 |
Pearce, Steve - U.S. Representative, [R] New Mexico
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| 01:21:56 |
Geithner, Timothy F. - Secretary
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| 01:26:11 |
Frank, Barney - U.S. Representative, [D] Massachusetts
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| 01:26:55 |
Capuano, Michael - U.S. Representative, [D] Massachusetts
|
| 01:27:23 |
Geithner, Timothy F. - Secretary
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| 01:31:18 |
Westmoreland, Lynn A. - U.S. Representative, [R] Georgia
|
| 01:32:23 |
Geithner, Timothy F. - Secretary
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| 01:36:51 |
Hinojosa, Ruben - U.S. Representative, [D] Texas
|
| 01:38:00 |
Geithner, Timothy F. - Secretary
|
| 01:42:08 |
Frank, Barney - U.S. Representative, [D] Massachusetts
|
| 01:42:46 |
Luetkemeyer, Blaine - U.S. Representative, [R] Missouri
|
| 01:43:51 |
Geithner, Timothy F. - Secretary
|
| 01:48:18 |
Scott, David - U.S. Representative, [D] Georgia
|
| 01:50:50 |
Geithner, Timothy F. - Secretary
|
| 01:54:01 |
McHenry, Patrick - U.S. Representative, [R] North Carolina
|
| 01:54:44 |
Geithner, Timothy F. - Secretary
|
| 01:57:05 |
Unidentified Speaker, -
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| 01:59:26 |
Green, Al - U.S. Representative, [D] Texas
|
| 02:01:00 |
Unidentified Speaker, -
|
| 02:01:31 |
Geithner, Timothy F. - Secretary
|
| 02:04:51 |
Huizenga, Bill - U.S. Representative, [R] Michigan
|
| 02:06:49 |
Geithner, Timothy F. - Secretary
|
| 02:10:18 |
Ellison, Keith - U.S. Representative, [D] Minnesota
|
| 02:10:50 |
Geithner, Timothy F. - Secretary
|
| 02:13:09 |
Volcker Rule, -
|
| 02:15:16 |
Duffy, Sean P. - U.S. Representative, [R] Wisconsin
|
| 02:15:46 |
Geithner, Timothy F. - Secretary
|
| 02:20:51 |
Sherman, Brad - U.S. Representative, [D] California
|
| 02:23:16 |
Geithner, Timothy F. - Secretary
|
| 02:26:20 |
Hayworth, Nan - U.S. Representative, [R] New York
|
| 02:27:20 |
Geithner, Timothy F. - Secretary
|
| 02:30:46 |
Carney, John - U.S. Representative, [D] Delaware
|
| 02:32:15 |
Geithner, Timothy F. - Secretary
|
| 02:35:54 |
Hensarling, Jeb - U.S. Representative, [R] Texas
|
| 02:36:13 |
Frank, Barney - U.S. Representative, [D] Massachusetts
|
| 02:36:23 |
End, -
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.