supervisopresident chiu: this id as a mendon. >> you have called that, it is now the 3:30 p.m. special order for the recognition of asian pacific heritage month. supervisor chiu: i want to welcome all of you to the board chamber and to the folks who are about to be announced today. after over when hundreds 60 years, the asian american community here, we have made our mark and i want to thank all of you for the leadership you have been demonstrating and the diversity of our communities all over the city. this is a day that many of us look forward to as a way to acknowledge the work that is being done. i would like to take a moment and acknowledge the organizer of the heritage month, who has organized a schedule of events. is claudine chen her? she has stepped out. when she steps back in, i will ask her to make a few brief comments. as is our custom, each of us has decided to it knowledge an individual within our community who exemplifies the best of what our community is offering. having just seen the list of all the recipients of today's acknowledgments, i wish i could personal

this is the blow torch lynching of john jones down in mendon, louisiana. there is the quadruple lynching of two veterans and two women in monroe, georgia, where they were taken out to a clearing and then lined up and just slaughtered. when you read the autopsy reports, they talk about at least 60 bullets in each body. it -- it just kept -- and this was what was driving, part of what was driving the black community as they are looking, and i go to the frederick douglass quote, that power concedes nothing without a demand. it never has, and it never will, so when we talk about the presidents in this civil rights struggle, it's also important to understand that they are in complete conversation with a completely mobilized black community that refuses to take it any longer. [ applause ] >> so i said at the beginning there's the civil rights -- the thought process and what was happening with the presidents, both truman and eisenhower were informed by two wars. the first was world war ii. the second is the cold war. we don't think about that in terms of civil ri

. >> senator mendon says. >> thank you, mr. chairman. thank you, mr. secretary for your service.entioned in your testimony that lenders in the harp program -- that borrowers are saving as much as $2,500 a year, which is the equivalent of a big tax cut for them. am i clear that it does not include the additional savings if we get the menendez-boxer draft bill? >> there is no question that you would both increase the savings to families that are already planning to refinance, and you would make additional homeowners eligible, or make it economic if you will, to refinance. you would increase the number of those refinancing, as well as expanding the pool of families we would expect to refinance. >> you have any sense of how much additional borrowers could save? let's just looking at the appraisals, -- >> just looking at the appraisals, we're talking about hundreds of thousands -- hundreds of dollars just based on the borrowing costs. when you add to that some of the fees, for above water borrowers who may already be refinancing, you are looking at adding hundreds, and in some cases e