my name is chuck marcus and i am the president of no cal, the president of the association of libraries and speaking on behalf of no cal has been the professional association since 1980. we greatly support the san francisco law library's efforts to get adequate space for their library. and i am also speaking as a faculty services librarian at uc hastings to the law and we have the closest law library to the courts and we are no longer open to the general public and we refer many to the county law library and due to the same cuts we are no longer able to collect and keep the current information on the law practice materials. and they do not have access to what they collect. due to changes in electronic resources as we move to ebooks, we may be limited by the licenses to provide adequate access to resources to the members of the bar. as such, i want to state that we need adequate space for this county law library. and finally, although we all live in the age of electronic information, it is important to remember the role of the library is a place after the new library of san francisco pub

with that i'm going to talk to you further but i will now turn it over to ken marcus with the cfpb. >> thanks, chuck and all of you for being here. mining is ken marcus with the consumer protection financial bureau. the consumer protection bureau is a still quite new agency that has been established in the aftermath of the financial meltdown through attempts to bring it focused attention on issues associated with financial services and products and to work to protect both consumers and honest businesses that plea by the rules in the consumer financial marketplace. we do that working in quite close conjunction with colleagues throughout the federal government and throughout state government so we work in close conjunction with our colleagues at the department, the ftc, other agencies like the department of education, housing and urban development, department of veterans affairs but also state attorneys generals, regulatory authorities all working together to try to bring about the best possible service we can on behalf of american consumers. the emphasis that we get comes by choices we make about whe

roller coaster, i would say, about chuck hagel, and he still has to prove that he hasn't been damaged internally at the pentagon as a result of that. one question, ruth marcusyou have just been through the college tour experience. i made from talking to you about it in the last year. now, here we have a hoax from the daily princetonian. apparently the editors or the writers wanted to see how fast a rumor could go on campus through social media, so what did they do? they perpetrated a hoax trying to show that malea obama was on campus, which was not the case, and they managed to start the rumor that the president's daughter, the first daughter, was actually looking at princeton. what does that tell us about social media, and what does it tell us about college journalists? >> well, having been a college journalist once myself, you know, you hope that you have learned more as a grown-up journalist than perhaps you knew as a college journalist. it is a fascinating experiment in social media. i am surprised i didn't hear about it from my children at breakfast this morning because viral is too slow a word to describe how quickly these things spread and how instan