taxpayer service kept me andering down this road into the 1960s. our first toll free was called the centiphone service. and then in 1975, the first big refundable tax credit was created and passed by congress. which was the earned income tax credit. it was a official all of the sudden that policymakers here in washington viewed the tax system and the internal revenue service as an efficient distribution system for societal benefits, not just the mechanism to collect funds to run the government. i think the tax system has moved in that direction ever since. later in the 1970s, there was a very telling sign about service. the first ever assistant commissioner for taxpayer services was founded. i think internally at the irs in '70s, that really signaled to people that service was no longer an adjunct or stepchild of enforcement, it was a major part of the irs. if you pick up the pace, you'll see things that ripple through the tax system today. in the 1980s we started electronic filing, which has been a great service to the americans taxpayers. and the

ander son doesn't have nearly the range kemp does.dodgers, willingham will have the chance to put the nats further ahead here when they decide to pitch to him. dunn will walk for the 16th time this year. the hammer is 0 for 2. strike out and fly to left. up with 2 on. 2 out. you can sign up to become a nats insider latest news, promotions, ticket deals go straight to the inbox on your computer visit nationals.com/insider start saving today. every pitch now, every swing, huge at this stage of a 1-0 game. >> rob dibble: would you not say though the last couple of weeks we watched some very well pitched ball games other than the 10 run first. >> bob carpenter: this is baseball here. a 1 nothing game, a 2 nothing game. these are things of beauty. managers love this. whywhitey who loves the manoeuvring of the national league. to layoff a nasty breaking pitch 1-1. >> rob dibble: if you have watched the padres on their winning streak, their pitching has been fantastic. a lot of young guys, a lot of guys who are not supposed to be pitching as

president obama calling the new law misguided ander irresponsible and they are taking a close look at the law to see if it violates civil rights. but also saying they must do more to address the situation at the national level. traveling with the president, wendall, this new crackdown can survive some momentum in congress. >> reporter: that momentum could come at a price. republicans believe that the harry reid is pushing immigration reform to the top of the agenda to win hispanic votes for himself and other democrats this november. south carolina senator lindsay graham says he will grop his bill if it's moved ahead of it. he agrees that states are acting because the federal government failed to do so. >> our failure to act responsibly at the federal level will only open the door to irresponsible built by others. that includes for example the recent efforts in arizona that threatens on undermine freedoms that we cherish as americans, and also the trust between police and communities that is crucial to keeping up that faith. >> they are afraid they will be reluctant to report crimes as

steve hayes, senior writer for the weekly standard, and a fox news contributor ander ca payne, former deputy finance director at dnc, democratic national committee, and founder of the agenda project. so this is so interesting to me, steve, dough is coming in and coming in huge on both sides and it is going not necessarily for u.s. congressmen and senators but for state lawmaker races, state legislature and governorships. why should the nation at large be looking so carefully at those races? >> because this is sort of a long term investment. what's going to happen after these elections coming up is that you're going to see redistricting, congressional redistricting across the country, you're going to have states that lose seats, you're going to have states that gain seats and the states that have control of state houses, both the legislatures and the governorships are going to be the parties that have control of the governorships and state legislatures are going to be the ones who redraw the districts and the districts, we all know, we've all sort of seen the screwy maps are most often

it exists today that requires the approval to do updated appraisal and the industry is we did three ander $78 billion of new originations on mortgages cluster all of which appraisal associated with them so we are finding a way to what is a difficult period of time to establish comps and this sort of thing that is happening day in and day out and that would be required under the fha. estimate a kind of percentage wearing the appraisal of the house? >> it would be whatever the independent appraiser thought the appraised value of the home is today. >> the details of that program haven't been provided the concept south but to the extent the broken details follow the established mechanism for revalues so i wouldn't anticipate that being a problem as long as the ultimate rollout of the new refinance program follows as closely as it can the standard requirements feg today. >> thank you pra yield back. >> the gentleman from north carolina. >> i know the idea of taking the reduction of principal and to any reduction principal in the second is supposed to sound generous but first and second lien ho

anderings again, as i mentioned, having these -- and, again, as i mentioned, having these firms write their own funeral plans, their own bankruptcy plans, that have to be approved by the regulators, will give us guidance on that path. we also have to realize when there may be a management team that doesn't see the hand writing on the wall or when a firm, even with awful these checks, is falling into the potential of its failure causing systemic risk, we have to have the ability to act. but let me state very clearly -- the resolution process that was put in the dodd bill, no rational management team would ever throact choose because -- no rational management team would ever elect to choose because it will lead to extermination of the firm. the share's common equity will be wiped out, the firm's management will be wiped out. resolution will never be chosen as a preferred route. bankruptcy will be the preferred route. even in that case we still put additional protections in place so no future administration, having seen the blowback from the public on using resolution in 2008 -- i can't

. >> also i anders stand that one of the hobbies is singing and how does that affect your vocal range? could we get some music from you? >> no chance of that. [laughter] one of my singing buddies is here with me in the fourth row and when all of the cameras are turned off weekend a moment of off-duty we plan to crank up the tunes into a little singing but there has not been very much opportunity since i got here it is full of adaptation in getting prepared for the crew to arrive. >> how low. you have received new crew members on board dictated change the process of life on the iss? to mike that is a very interesting question our schedule is procedures with the sit schedule because we have worked and rest scheduled to be participating in federal activities helping accomplish their tasks. >> working as one accrue quite intense and we are glad to have the opportunity to have the afternoon off we will spend it and thank you tin to technology is i hope there will be test but to think it will have been to the mission of like to see it start someday because it is very interesting the iss wit

co-managing goldman sachs, we at times, and we had very, very difficult developments in the trading areas ander time that happened, we would look back and we would learn how to try to do things better and i think that's what david was doing in the comments -- or rather, was reflecting in the comments that you just repeated. >> let the me ask you a related question, mr. prince, for sake of he efficiency, i'll try to move back and forth between the two of you. on october 30th, mr. bushnell made a presentation, i believe to the board, or -- i'll verify that, but the essence of this is he had had a time line of key events in the subprime market. in fact, i believe it was to certainly senior management. he noted that on february 27 of 2007, that hsbc had announced major mortgage delinquencies and losses related to that. on 6/12, june 12, my birthday, 2007, bear stearns asset management, it was announced that their funds were in significant problems. i knew you would want to know my birthday, mr. vice chairman, so you could note it on your tickler. on july 10, s & p and moody's announced significant