my colleagues know i have the highest respect for chatman bernanke but in this case he obviously couldn't have been more wrong. this committee must have the courage to reject calls for a new regulatory regime that depends on the infallibility of the government regulators who

my colleagues know i have the highest respect for chatman bernanke but in this case he obviously couldn'thave been more wrong. this committee must have the courage to reject calls for a new regulatory regime that depends on the infallibility of the government regulators who have so far shown themselves unable to anticipate crises not alone prevent them. we must encourage return to market discipline. thank you. >> there is additional one minute and ten seconds i would be willing to add to both sides. >> i appreciate that. >> the gentleman from georgia, two minutes. >> i think this is a very timely and important hearing as we grapple with the issue of how the compensation structure affects systemic risk. i think that i can understand pay for performance but for the life of me i cannot understand pay without performance. i think that gets to the heart of the matter. pay without performance. so much of compensation structure i think is an equitably distributed to the salaries and in their bonuses. i think it is within the bonus structure we have to look very carefully. now we are responding t

and, of course, right now at chatman university which is a private school at orange county and a good school, is trying to appoint john ehud who was an adviser to bush in the justice department to the faculty and the same people who attacked me but never called for the firing of any of leftist protestor of the barring of a leftist and, in fact, i defended the a flaming leftist when he was appointed into the new law school at uc irvine because i don't thank you cannot hire somebody for their politics. the same leftists are trying to get john atmar in from being a faculty member and i don't see the droves of liberals coming to support him the way i did say many conservative support the others. >> what about the wealthy alumni that donate money to the university is that they went to? don't have any influence on his policies? >> of course, they couldn't, but there were run-in's with an incredible firestorm if they do. first of all, let me same the primary motivation of most donors, there are too. if you can find the 50-yard line in the name on the building. and these are very prestigious

consumer easy access to move through the various forms of treatment they be looking at to compare chatman patterns and also look at cost so it is an important part of the equation when talking about how do we get the consumer and immigration. the consumer needs to understand we need to be more transparent as an industry about sharing information about cost so people can make informed decisions and the scare comparison to is one of the vehicles forgetting that done. changing the care model obviously we need to take fee-for-service type of reimbursement out of the system where ever we can and i think that will be an important part of the transition to a new health-care system of cross. and will also be important to consent the right kennedy haters and the benefits we put out there so one of the benefit plans we see taking on a lot of interest are benefit plans where the consumer can have a reduction in their premium by managing their numbers and when i say their numbers being aware of your blood pressure and your cholesterol, being aware of your body mass index and make that available throu

victory for everyone, heterosexuals as well as homosexuals, since both were potential victims of an chatman to. the committee asked for donations to continue the legal fight and asked that checks be made possible -- payable to blank and they sent in care of the mattachine foundation inc. in los angeles. the controversial case drew local and eventually national attention as mattachine this summer and fall in the trial organized membership which ballooned. mattachine my discussion groups immediately sprang up in long beach, laguna beach and fresno. by early 1953 groups that form as far away as san diego, san francisco, oakland, berkeley and chicago. emboldened by the triumph men and women of the mattachine brought the days of fear, silence and secrecy to an end. thank you. >> thanks, todd. again that is from "pre-gay l.a.: a social history of the movement for homosexual rights". i have a million questions, a million. i'm only going to have time for a couple of them and as you were both reading one of the things that struck me was the question of or the craziness of the senate invasion of priv