cummings and mr. lynch for working together in such a bipartisan manner on this very important national security bill. it's a commonsense good government bill that's designed to use existing funds that are brought in to the o.p.m. to oversee the o.p.m. they got a huge chunk of money here that are coming from the background checks and don't have the resources necessary to adequately make sure these background checks are going to be done. mr. cummings cited numerous examples of how the failures in the system have resulted in tragedies and have resulted in information getting out. we need to make sure these background checks are being done properly. we need to make sure this money is being administered properly, and this bipartisan bill does that and i, too, urge my colleagues to pass the bill and reserve. the speaker pro tempore: who seeks recognition? mr. cummings: mr. speaker, i want to yield five minutes to and -sponsor of the bill the subcommittee on the work force, federal work force, yield him five minu

twenty six million euro judgment obtained over failure to repay a loan the money had been borrowed by mr lynch and his family and the developer jerry coleman to buy land in watford in two thousand and seven. the supreme court found that philip lynch should be liable to repay the loan but it set aside an earlier judgment against his wife and four children construction contractors have lifted the paint into place today and the highest wind turbine at the hilton items that you can swim time being developed by boredom own in canteen to make it sheds eu targets for renewable energy won't stop them from such similar developments in the region in the heart of the nice a convoy of marines has been transporting the babes and key components for boredom old is new a team megawatt wind farm at smokin chris and today the very first one hundred major high tower was in place. at the scene of one of the island's tallest turbines riding next to five hundred feet above the ground it's an eleven hundred hectare site there. it's it's very very low population density on the circumference of the site. so does aweso

chair now recognizes the gentleman from massachusetts, mr. lynch. >> thank you, mr. chairman. i want to thank the ranking member as well, and, director cordray, appreciate your willingness to come here and help the committee with its work. just at the outset, i'd just like to say that i think you present -- well, cfpb presents far less risk to american security than, say, target or some of these credit card companies that actually have the specific data on individual consumers as opposed to the ago regated, anonymous data that is presented to the cfpb. now, i think we all understand because of the housing crisis the need to have qualified mortgage regulations and standards. that much being said, where the line is drawn, i guess, is open to interpretation, and i guess it's a bit subjective. i am, i do share some of the concerns with my colleagues across the aisle, especially with respect to community banks and making sure that the creditworthy population has that opportunity to get a mortgage. and there is the danger, i guess, if we use this bright line, 43%, that there may be

. >> this is a modern-day lynching. >> mr. wilkins, now! >> it's a modern-day lynching. >> mr.'s what it is. >> you are not to speak, sir. >> he doesn't have any formal legal experience, and the stakes are high. >> i told you before, i can't tell you how to practice your craft. but, sir, you can't include evidence in questions. you must ask people questions. >> june 26th is the last day of testimony, and officer shawn humphrey is the last witness to take the stand. his testimony is pivotal. it could discredit wilkins' alibi. >> i was there to testify with regards to a female who claims she was with the defendant the day his crime occurred. however, she had reported in to the office to see me that day in dayton. >> mr. humphries, being that sharida didn't notify you that -- >> wilkins begins to cross-examine humphrey, but then all of a sudden he seems to be having a heart attack. >> excuse me. hold on a second. >> he had asked me, i believe, two questions at the time, and then he grabbed his chest, asked the judge if he could have a minute. >> your honor, excuse me for a second.

when i go to the gentleman from massachusetts, mr. lynch, for five minutes. >> thank you, mr. chairman. i thank the ranking member as well. mr. baitman, i want to go back, some previous washington i'm not sure if those mr. cummings or mr. tierney, but talked about the beta approach that you refer to. i just want to be clear on this. during her interview with the committee, you had said earlier that your suggestion about the beta approach was the on your sort of general experience in the private sector with the rollout of i.t. systems, again, in the private sector, is that correct? >> that is correct. >> so you explain your suggestion had nothing to do with security concerns with regard to the website? >> no, i did not any direct knowledge of functional or security issues. it was more of a, this is a big, large complex system and this is, you know, an approach that will minimize any challenges. >> okay. i just wanted to be clear. in fact, you told us in your previous testament on september 10 that had no specific knowledge of any security concerns with the best website. is that

. >> thank you, mr. lynch for two minutes for the purpose of opening statement. >> thank you, madam chair. despite the controversy that seems to be percolating here, today's hearing deals with a very basic rule that is obviously necessary after the last crisis, and should be uncontroversial. and that rule simply states that to stop the predatory lending that the fed -- that fed the housing bubble, "the wall street journal" reform law states very simply that before a lender offers a mortgage to a consumer, they should first come to a reasonable and good faith determination that that consumer has the ability to pay the loan. and that's it. that's what this hearing is about. the law also authorizes the cfpb to define the contours of a qualified mortgage or one that bears the hallmaker of safe, responsibility lending practices. i understand there are some concerns from the banking and the mortgage lending industry about restricting access to credit. but the bottom line here is that the cfpb's rule is supported by

i listened to mr. lynch who is talking about the prescription drugs and he is right when the federal government is picking up two-thirds of the healthcare bills in america you use that monopoly power you can drive down the cost of prescription drugs. though using the government's map powers to manipulate the marketplace i would argue isn't the role of government. it would fall into that third category of things the government shouldn't be working on. mr. cummings was talking about the legal services cooperation and i really appreciated your answer because what you said was not folks who can't afford legal services shouldn't get them, what you said is there are other opportunities to get those legal services and can't we utilize those nongovernmental channels. dr. coburn sitting in mr. arnold's chair was talking about the army and they have these software problems because they by software and try to mold it to the army's model instead of being good off the shelf software and molding their needs to that. what

listen to mr. lynch stuck with the prescription drugs and he is absolutely right with the federal government is picking of two-thirds of all health care bills american effuse the monopoly power you can absolutely job on the cost the persian drugs. they're using the government monopoly power to manipulate the market place, would argue it is not the role of government is. mr. cummings is talking about the legal services corporation and see a gw identifying. i appreciate your answer because what you said was not folks who can't afford legal services should not give legal services. what you said is, there are other opportunities to get his legal services. can't we utilize those nongovernmental channels. dr. cockburn sitting in mr. arnold's chair was talking about the army. they have these software problems because they buy software and try to mold it to the army's model instead of buying good off the shelf software and molding the army's walter that, legal services exactly that example. what happened to a ju

. >> mr. lynch. >> thank you, madame chair. i want to thank the panel members for your help today. i feel bad coming back to ask more questions because you probably suffered enough. i want to say to your credit, community banks and credit unions and god knows habitat for humanity, the reason that your programs especially with credit unions and community banks outperformed the big banks during the crisis is because you know your customer. you know the people who you are lending to. and so you have the ability to look beyond even those crit eer laid out in the qm rule. as i bought my first home, i probably didn't have the credit history required here today in this rule. thank god my banker knew i was a hard worker and so gave me a mortgage. our difficulty here is trying to craft a rule that fits everyone. so the way this works, the way it's set up to work by cfpb is that small banks will still be able to make that loan that's on the margins. you'll still be able to make that loan even though it will be a non-qm loan and to be honest with you, it makes you, the people who are best abl

. >> reporter: she is such a marshawn lynch fan that they joke about it and call you mrs. lynch?t do you think you are the manager here. have you see something like this? the saints were in town. is it compared? >> no, any time the 9ers come to town it's huge. we are expecting the biggest day ever with the company. we are excited. if you need drinks, we are near you. >> reporter: that's a long flight from san francisco. >> if your family is down here, shoot them a text. the lodge. the best place it get drinks. >> reporter: what do you think about the seahawks not allowing californians to get their hands on tickets? >> it wouldn't be any other way? >> everybody does it. they do it in denver. they have done it before. >> home field advantage, baby. >> reporter: i hate to break your heart. i caught up with a man who outsmarted the seahawks. here's how he got his hands on seahawks tickets without doing anything illegal. check this out, marty. >> not everyone here will get to be here at the game today. for them the bars will be where they'll be watching the battle in seattle. sitting

>>people forget that it was merrill lynch who basically did that. thank you very much mr. smith. >>thank you bill. coming up...the in crowd. a trader takes on some of the most "popular" stocks of the moment.and...our friday favorite! in traders unplugged...the guys reflect on wall street's girl power. that's just around the corner. time now to take it to the streets-- or at least the floor of cme group. joining us for traders unplugged alan knuckman and scott shellady. at the bell gentlemen topic number one: gender bender last year hedge funds run by women out performed those run by men-- is it better to go with the ladies? alan: the answer is yes, but i would say both performances are terrible. 10% for women and 6% for menhedge funds did terrible. you would have been much better off to buy the spiderreturn 25% but look at marissa mayer and look at meg whitman. they are doing it. scott: i'm not gonna touch this with a 10 ft. pole. all i can say is these 3 things: 1i'm sorry. 2it's my fault. and 3it'll never happen again. that's how i steer clear of that question. angie: moving on

lynch is contained. ensuing drive, kaepernick trys to throw a strike. to mr. big, antwon bolden. catch for the 26th yard touchdown it's 17-9. niners third quarter. the referees had a long day. watch this. fourthand 10. andy lee punches. and maridus should have been a 15-yard penalty because he hit lee in the plant leg. that would have been first down for the niners instead seattle still get it is ball back. seattle faces a fourth and seventh. this is a free play. wilson threatens germane curse. it's 20-17 seattle. hang on jim, things get worse. after kaepernick fumbles, seattle takes over inside the 49ers 10. this is it's wilson to curse again. bowman clearly has possession but look out. no fumble, and that's not a call that can be reviewed. then to add injury to insult, all proout for the game with a possible torn acl on a ball call. very next play. seattle at the next hand off. can't control the ball. niners take over trailing yes by just three points. you want to see a bad decision. check this out. collin kaepernick bound and determined to throw bolden instead chancellor stand

mr. loiza was in coma for quite a few days. we were all concerned about his health, no doubt about it. we would have ended up being >> we woulds have ended up being lynched recovers and returns to the assembly. >> he came back and saw a different person. he was not a man of confrontation anymore. he summoned us for reconciliation. and he provoked one of the most tou touching, sensitive moments. we applauded him. we thanked him and we held each other, members of the opposition and members of the government. some people, you know, cried. >> the incident with mr. luisa gave them a chance to talk. it gave them a chance to see each other as what they really are. human beings. >> coming up, politicians step out and get down. >> i don't know of any times when it's really good for a president to try to dance. >> when caught on camera politics gone wild, returns. what the "l'? what the "l"? ♪ what the "l"? guys? what the "l"? [ man ] what the "l"? what the "l"? ♪ [ p.a. announcer ] what the "l"? [ buzzer ] what the "l" is this? "l" if i know. what the "l"? i'm not fixing that. noooo. [ male announcer ] check out what the "l" is going on. at staples. this is the c