. -- barclay's. was wloffs this sow. a brand new wall street bubble on something as essential as energy? deja vu all over again. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from virginia rise? >> madam speaker, qui permission to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. nye: i rise today to express my sincere congratulations to caroline county, virginia, recipient of the 2009 all america city award for its outstanding civic accomplishments. this recognition is well deserved and rightly honors caroline county which has long been dedicated to meeting the needs of its community. established by the national civic league in 1949, the all-america city award wreck are nieses localities for community projects involving grass root civic engagement and cooperation between public-private and nonprofit sectors that best illustrate community-based problem solving. each ye

to increase by $14 billion, northern rock by $5 billion, hsbc and barclays agreed to increase their lending, the total increase in lending that's agreed to come from march 1 is $70 billion extra over what happened last year and you'll begin to see the companies that will benefit from that be able to say that where rejections happened before when they included applications they're now having the applications accepted. we'll continue to monitor this situation but i assure him that $70 billion more extra money is going into lending to small businesses and to homes. >> so robert smith -- >> thank you, sir. >> pensioners and others who rely on their savings are suffering greatly from the low interest rates needed to tackle the recession. will the prime minister explain to them why the savings limit for canceled tax benefit is stuck at $16,000 when if it had gone up in line with the retail price index it now would be $27,000 pounds. >> mr. speaker, in all areas we've got to look at what we can afford at different times and obviously we've done a great deal for those who are on pension credit to r

of investors osi seven my testimony, almost 90% of the time to mutual funds, the fidelity's, the barclays, the elian spots of the world are voting with management and there is no requirement that they vote for their investors, whose money they are managing as opposed to voting their own interests and fidelity, barkley, all men is a tremendous amount of money for these large companies with tremendous these. that is not disclosed and isham time and time again the vote that way so i certainly encourage say on pay, do something about the mutual-fund voting, elimination of broker votes that the sec has said they are going to do. i think we need to get to the majority voting in the right for shareholders to also remove directors when they have not gotten the job done. thank you mr. chairman. >> nefcom month professor murphy from the university of southern california. >> thank you chairman frank. we are here today in large part because we are angry that merrill lynch and aig paid huge bonuses after the bailout funds. our anger coupled with their suspicions that the culture is the root cause of t