the consumer bureau does not generally enforce the law in such bapgs. we have the authority to adopt rules that can effect community banks as well as larger banks. we will help community banks by our new oversight of nonbank firms. i have heard from community bankers who refuse to make a mortgage loan only to go down the street and get a loan from somebody else who did not require the same standards. once bundled into securities those loans crashed the financial system and the economy. consistent application of consumer financial laws will promote safety and soundness. the bureau is required to adopt new mortgage rules that protect consumers. many are intended to return to sound customer service, practices that are traditional at our good community banks. as we develop these initiatives we know that one size does not fit all. when it makes sense to treat smaller institutions differently we pledge to consider doing so. we are implementing small business review panels on several mortgage rules and find input to be helpful in calibrating our proposals. whe

this should be some type of a corollary for some of the money center bapgs. you can see that at least there is some strength in the housing market. i'm not saying we are off to the races here but there is no question that the trends and troughing and building a base, building permits, those are very, very impressive numbers. the headline was not that great. i think this is very good overall for the banks. it works. they are making loans. take a look at comerica. there is a recovery underway. these are the banks you want to be looking at. >> will there be hints of further easing from the fed? joining us now, senior economist. drew, always great to see you. >> good to see you. >> doesn't the fed have to extend for a certain amount of time? >> well, you could make that argument. >> the time to get off is when someone else is sitting on it. right now greece is sitting on it. they have the perfect tupt to exit. of course, the question is what happens to equities? probably nothing great. and the other 20% which i think definitely. >> get to the chase here. >> i don

bapgs nks to hold on more cash. is prepared to take action if prices escalate. now back to "hardball." >>> back to "hardball." mitt romney's campaign advisers have been making the rounds, defending their candidate from attacks on the white house during his term as governor. he ranked 47th out of 50. when you're running from offices to jobs guy, that's not a great record. but romney's advisers have a defense. they say it's unfair to consider the entire period of romney's term since the governor inherited a bleak economic pay structure. >> over the years, it was 47th, there's no question about that. >> this is what they're doing, chris. you take the first year, which is a low base year when the governor came in and took office because it was 50th in jobs creation out of all states dead last, moved to 40th in the second year, had a net of 37 states with jobs, and in his fourth year in office, it shows the real impact of his policies, and diluting it with the first year in office, he inherited a deficit. >> did you hear

the bapging system will have ceased to function. that's the reality. >> you could use debit cards.s that it is estimated to physically create a curren currency? you can actually start doing things electronically long before the currency exists and you tell people that you have to do everything electronically or barter or use imp ous. >> and we will explain exactly that. how do you come up with that number. that's coming up in "power lunch". >> interesting times, michelle. thank you very much. carl over to you. >> okay. when we come back, how working in silicon valley is paying off in a big way. an in-depth look at the geography of jobs. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about via