>> bair: yes.ould assume it would be billions, yes. >> pelley: billions of dollars. >> bair: yes, absolutely. >> pelley: chairman bair's proposed cleanup fund would pay homeowners to accept a bank's ownership claim without a lawsuit. she says that this could be cheaper for the banks than trying to recreate the missing documents legitimately and not through the document mills. >> bair: i think, eventually, the bank could prove who owned it. but it would take... it would take a lot of time and expense. >> pelley: you know, none of the major banks were willing to sit down with us and talk to us about this, not even the american bankers association. >> bair: i'm sorry to hear that. >> pelley: why do you think that is? >> bair: they're feeling very defensive now. and so, i can only assume that is the reason that they declined. >> pelley: the banks are defensive because all 50 state attorneys general want to punish them. the states are seeking about $20 billion in damages for what they say is the irrespo

i personally believe it chairman bair's approaches approach is a better one. thank you mr. chairman. >> the ranking member of the full committee, mr. cummings. >> thank you so much. as you were testifying i could not help but think about the fact that come june 25 in my district, 40 miles from here, people will march into a room, to a conference on preventing foreclosure. they will march in and mr. barofsky, it literally appears 5000. they will face a very difficult situation and finally they will get a chance to sit down with some lenders and come, try to come to some resolve with regard to modifications. many of them will be lied to. many have been lied to. they have been playing games with a lot of these servicers, as if they were fools. and when i read your editorial piece at 4:25 this morning i was very impressed, and you know i'm just wondering, you know we just voted yesterday to end the hamp program and i know how you feel about it. many of us feel the same way. but, when you and the program, we and the program and there is nothing to substitute, nothing, i am just

but thisas all an r campgn, rikes against grnd forces and also a no-fly zne to prevent strike bair rcest i think it has become clear that sateghas not wrked a might have been thout, beuse the rebels need t be le t repel colonel gaddafi's forces, or at least ineed to have crpledis fces tnot be able to atckcivilians the y th are. it see that they ally a depeent w on the govnment to call a ase-firend allow the access and that is what ty are pushinfor w. >> dozens ofeopl ha been unden the committee -- in yemeni cy inlashes between security personnel and ai- governmentroteers. hundre of tusan took to the streets on sunda to nounce remks by the presidenaimeat women taking part in the recent rly. securi forces have fired shot at hundreds protters. humarights campaigners are qued asaying that they announced for permissn t lee and than the foes oned fi. from leban, also invted jos rerts. >> prostersre takingover d taking casualties. tseunvefied pictures have been posd on theinternet by position activists. imagfrom all over the country tell the same sry. the protesters' dand more fedom, and setim

there is one exception to that rule, and that would be larry bair. i hear that your ringtone is "we are the champions," and that one is ok with me. speaking of larry, the giants were pleased to share with us the world series trophy. [applause] the giants have brought so much to this city, sharing with us this incredible trophy. it is just outstanding. it will be at the giants' boost today when we have a break -- booth today when we have a break. you can take a few photos. but do not take it home with you. you'll be hearing from me from time to time today, so i will keep this short. to kick off our events and provide welcoming remarks, allow me to introduce our newest rock star -- mayor ed lee. has shown that he is a natural for the job. i have been closed to him for decades. he is the head of the human- rights commission. he went on to become the city purchaser. mayer brown appointed him to be the director of public works, and he spent several years as city administrator. i never would have thought that ed lee would be mayor of san francisco. because

when we talk about in doubt bair crater we are talking about god giving us power and our power comes from god. not that the government decides what power we are going to have. it is a very different paradigm. i think we need to think about life liberty and pursuit of happiness and the freedom to act as you want to do but also you have to remember is this pursuit of happiness this is important. that means you pursue it. that doesn't mean you have it. and that is very different. i had a nine and a 11-year-old and they are great ages. they are really fun. the 11-year-old is a girl and a 9-year-old is a little boy. we get into these discussions sometimes and they are really frustrated with me because they are not happy and i have to remind them that is not my job. is not my job to make them happy. it is my job to discipline them and love them and to encourage them. it is their job to figure out the boundaries of how they can be happy. i think that is hard for us to do as a country. i'm going to talk a little bit about women do and why i think women are so important in this next phase whe

working families across the country should have the sound alarm at home, bair belair. this is an attack on middle- class families, working class families. it is an attack on programs that respond to growing jobs. undeniably, the message that we have all heard, from the republicans in alaskan town, jobs, jobs, jobs, professed by all candidates. where is the jobs package? i am not surprised that this reduces jobs because in the last three months of the 112th session, we have seen no jobs legislation by the majority. the team continues. they want to disrupt the steady upward moving forward that has produced 1.8 million jobs since the start of 2010. private sector jobs, absolutely an incredible comeback from the painful, very long and painful recession that drank our economy of 8.2 million jobs. look at the steady, precipitous decline of american jobs. and then the turning point that comes early in 2009. as we begin to climb upward. why would we want to disrupt, disrupt that steady progress? this is -- i've heard of vood jeff: economics. -- voodoo economics. this makes voo

working families across the country should have the sound alarm at home, bair belair.his is attack on midd- class families, working class families. it is an attack on programs that respond to growing jobs. undeniably, the meage that we have all heard, from the republicans in alaskan town, jobs, jobs, jobs, professed by all candidates. where is the jobs package? i am not surprised that this reduces jobs because in the last three months of the 112th seion, we have seen no jobs legislation by the majority. the team continues. they want to disrupt the steady upward moving forward that has produced 1.8 million jobs since the start of 2010. private sector jobs, absolutely an incredible comeback from the painful, very long and painful recession that drank our economy of 8.2 million jobs. look at the steady, precipitous decline of american jobs. and then the turning point that comes early in 2009. as we begin to climb upward. why would we want to disrupt, disrupt that steady progress? this is -- i've heard of vood jeff: economics. -- voodoo economics. this makes voodoo economi

most people think of me as a ship, plain, and tank bair. i have already made it clear i am a services bair as well. but now we are also buying a lot of dogs, too. that is a whole different art, for those who have gotten into that. we never have enough predators, never enough units for overhead persistence surveillance. that is why we began to, last year, introduced photostat. from time to time if you go to afghanistan you will see our fobs and you can look down the road to see if the market is open, whether anybody is putting an ied in the road, look around the perimeter, and in short, half awareness -- have a awareness. initially, these with traffic- helicopter-like balls on them. now we are putting them in with rapid frame, many more than you can look at, but you can play the tape. raps that we started to build, and are now starting to ship to afghanistan -- but which if you look at a globe, the inconceivable place for me logistician point of view, shipped 7000 vehicles for the afghan fight. and if you go to hospitals on the weekend, and

lend money and i have had this conversation with you previously and with chairman bernanke and sheila bair. we have been down the line. everyone is sympathetic. and yet the problem continues. i would say that i am not necessarily here advocating for my bankers. i am here advocating for what i think is important to the economy in putting people to work. banks that can make loans in communities across our country and kansas, access to credit is a determining factor as to whether or not you will grow and expand your business. and we have reluctance on the part of bankers because the regulatory burden or uncertainty or enforcement that is making a very difficult for these things to occur. i do not know whether you have someone in the otc, firewall as part of the treasury, but you do not have direct control, but it would be great to have someone who is alternately sit down with community bankers and their customers -- ultimately sit down with community bankers and their customers. like the procuracy and paperwork. -- like bureaucracy and paperwork. if we could have a specific example of the rul

so, it seems to me it is appropriate that the black bear bob's name -- plaque bair bob's name.bob's whatpresented to an entire generation was not to just be brave, but also noble. long afterwards come to an end, long after the welcoming home parades have ended, long after the streets are renamed in the monuments are built, our nation's obligation to those who sacrificed so much, who endure, must endure, and must be recognized by all americans. i am absolutely confident that deeds in the deeds of his generation will endure. because they are all about what all that generation stood for. every time we reach out to save the mother and a child how huddling in the mountains of sarajevo, every time a young woman leaves the navy and is able to go from a modest background to receiving education at one of our great institutions, every time a veteran eds to a va hospital in gets the care they -- heads to a va hospital in gets the care they deserve, every time that happens, we will remember bob dole. bob, my generation and every generation from this point on owes you and your generation a debt of gr

working families across the country should have the sound alarm at home, bair belair. this is an attack on middle- class families, working class families. it is an attack on programs that respond to growing jobs. undeniably, the message that we have all heard, from the republicans in alaskan town, jobs, jobs, jobs, professed by all candidates. where is the jobs package? i am not surprised that this reduces jobs because in the last three months of the 112th session, we have seen no jobs legislation by the majority. the team continues. they want to disrupt the steady upward moving forward that has produced 1.8 million jobs since the start of 2010. private sector jobs, absolutely an incredible comeback from the painful, very long and painful recession that drank our economy of 8.2 million jobs. look at the steady, precipitous decline of american jobs. and then the turning point that comes early in 2009. as we begin to climb upward. why would we want to disrupt, disrupt that steady progress? this is -- i've heard of vood jeff: economics. -- voodoo economics. this makes voo

i am bair rand, ceo of aarp, and joining me is the president of aarp, a member of the aarp board of director the. we, like all 22 members of the board, is an unpaid volunteer. aarp is proud of our record. throughout our more than 50 years of service, we have worked tirelessly to promote nonpartisan solutions to improve the market place, to enhance the public good, especially for those 50 and older, and we will continue to do so in the future. we are strictly nonpartisan organization. we do our work in a very public way. sense its founding, aarp has made information about its finances, mission, and government available to the public. we post on our website our annual reports, financial statements, irs form 990 tax returns and details break downs of our rev revenues and expenditures, and this is why we're surprised and disappointed both by the title and substance of the report a few members released this week. behind the veil, the aarp america doesn't know. there is no veil. quite frankly, we disagree with each of the conclusions drawn on this one-sided report. first, we reject the obligation

i am bair rand, ceo of aarp, and joining me is the president of aarp, a member of the aarp board of director the. we, like all 22 members of the board, is an unpaid volunteer. aarp is proud of our record. throughout our more than 50 years of service, we have worked tirelessly to promote nonpartisan solutions to improve the market place, to enhance the public good, especially for those 50 and older, and we will continue to do so in the future. we are strictly nonpartisan organization. we do our work in a very public way. sense its founding, aarp has made information about its finances, mission, and government available to the public. we post on our website our annual reports, financial statements, irs form 990 tax returns and details break downs of our rev revenues and expenditures, and this is why we're surprised and disappointed both by the title and substance of the report a few members released this week. behind the veil, the aarp america doesn't know. there is no veil. quite frankly, we disagree with each of the conclusions drawn on this one-sided report. first, we reject the obligation

working families across the country should have the sound alarm at home, bair belair. this is an attack on middle- class families, working class families. it is an attack on programs that respond to growing jobs. undeniably, the message that we have all heard, from the republicans in alaskan town, jobs, jobs, jobs, professed by all candidates. where is the jobs package? i am not surprised that this reduces jobs because in the last three months of the 112th session, we have seen no jobs legislation by the majority. the team continues. they want to disrupt the steady upward moving forward that has produced 1.8 million jobs since the start of 2010. private sector jobs, absolutely an incredible comeback from the painful, very long and painful recession that drank our economy of 8.2 million jobs. look at the steady, precipitous decline of american jobs. and then the turning point that comes early in 2009. as we begin to climb upward. why would we want to disrupt, disrupt that steady progress? this is -- i've heard of vood jeff: economics. -- voodoo economics. this makes voo

bair is as we need to always continue what we are doing. it's important to understand that this is part of the pakistani diplomatic tool kits. the idea that they are precariously placed, and if anything happens to change things, who knows what might happen. pakistan has always is a much stronger state and people give it credit for. i can't, you know, obviously no one can go into their direct specific detail about the arsenal, but i find it not the trump card the pakistanis and the people who repeated in good faith in the converse think it is. >> i'd like to follow-up on that in just one second. we have a history of the taliban ending and flowing inside afghanistan and when we think of what is the risk for the militancy, i think it's important to see that every time the taliban goes beyond basically the federally administered a tribal areas, the military steps than push them back and it's very effective. and at pulling in the spring when the militants began doing something they don't like. and they are the recovery effective at protecting th

i am bair rand, ceo of aarp, and joining me is the president of aarp, a member of the aarp board of director the. we, like all 22 members of the board, is an unpaid volunteer. aarp isroud of our record. throughout our more than 50 years of service, we have worked tirelessly to promote nonpartisan solutions to improve the market place, to enhance the public good, especially for those 50 and older, and we will continue to do so in the future. we are strictly nonpartisan organization. weo our work in a very public way. sense its founding, aarp has made information about its finances, mission, and government available to the public. we post on our website our annual reports, financial statements, irs form 990 tax returns and details break downs of our rev revenues and expenditures, and this is why we're surprised and disappointed both by the title and substance of the report a few members released this week. behind the veil, the aarp america doesn't know. there is no veil. quite frankly, we disagree with each of the conclusions drawn on this one-sided report. first, we reject the obligation that

lend money and i have had this conversation with you previously and with chairman bernanke and sheila bair. we have been down the line. everyone is sympathetic. and yet the problem continues. i would say that i am not necessarily here advocating for my bankers. i am here advocating for what i think is important to the economy in putting people to work. banks that can make loans in communities across our country and kansas, access to credit is a determining factor as to whether or not you will grow and expand your business. and we have reluctance on the part of bankers because the regulatory burden or uncertainty or enforcement that is making a very difficult for these things to occur. i do not know whether you have someone in the otc, firewall as part of the treasury, but you do not have direct control, but it would be great to have someone who is alternately sit down with community bankers and their customers -- ultimately sit down with community bankers and their customers. like the procuracy and paperwork. -- like bureaucracy and paperwork. if we could have a specific example of the rul