quickly, expeditiously. that is something that could really be a part of this out reach program to the real-estate industry and others that really need information that is already available and can be expeditiously provided. i think that this would be an opportunity. hopefully the change in the economic environment would really trigger a great windfall. with much needed income being generated from simply providing much-needed reports to the industry. >> one other comment on that. we went through this and essentially the 3r report is a collection of documents. at that time we were supposed to get tidied up for people who went in there. it was my understanding that that has happened. i was not aware that it still takes one week or two weeks to get one. you know, in the past if you were in the know or you knew someone who could get in there and get a 3r report, you knew the right person to go to. for the room -- for the public, for the people that do not know, they wait on line. i think that that is very unfair

supervisor campos: i would like to see that we moved expeditiously to make sure that this agency is subjected to that same review. >> that has been my understanding from the start. this will be the second such audit that the agency has. the first one happened almost one decade ago. supervisor mirkarimi: to that point in your reference, commissioner, i want to make sure that we are on the right path for the audit of the mta as the commission is subsidized. i know that within programs you have discussed this, but before the new year there was a necessity to bring the auditors and the ta together. i want to understand -- this is ongoing? ironed out to the degree that it can be expected oas an effective audit? >> correct. it is something that we continue to work on and is something that we will have a more in-depth discussion on. supervisor mirkarimi: which meeting? >> we are not sure which state, exactly. supervisor mirkarimi: colleagues? further public comment on this item? seeing no one, public comment is closed. the item passes. >> item #9,adopt positions on state legislation. this is an acti

supervisor campos: i would like to see that we moved expeditiously to make sure that this agency is subjected to that same review. >> that has been my understanding from the start. this will be the second such audit that the agency has. the first one happened almost one decade ago. supervisor mirkarimi: to that point in your reference, commissioner, i want to make sure that we are on the right path for the audit of the mta as the commission is subsidized. i know that within programs you have discussed this, but before the new year there was a necessity to bring the auditors and the ta together. i want to understand -- this

so we are moving forward expeditiously with that project and making sure that we can capture the funding largesse from the federal government on the project. also to reiterate, we have concluded the commercial close on the presidio parkway project, and the financial close will be on schedule to happen toward the end of the summer. and finally, i would like to introduce two people that have joined the authority team. first of all, matt lee, who joins the capital projects division as senior engineer. he is a san francisco local. he has lived in six of the 11 districts over 30 years. he is, like commissioner cohen, a grade wait locally, and he has an underdegree from the university of cal davis, and a masters in engineering from san francisco state. he has spent part of his life in the public sector and some in the private sector. he is great to work with, and i am delighted to welcome him to the authority team. i was like to introduced alex chiu. he is part of the outside counsel bureau, and we are delighted to have him as well. commissioners, that concludes my report. >> welcome, gentleme

we believe that this approach is the most expeditious way to implement a program whose funding has already been approved and set aside by the mta board of directors. again, i want to thank the co- sponsors of this resolution -- supervisor john avalos, the chair of the committee, supervisor eric mar, the vice chair of this committee, as well as supervisors cohen, kim, and mirkarimi. it is time for us to fulfill our promise, and the least we can do on this valentine's day is show some love and provide reprieve for our low-income families over the last three months of the fiscal year. just some additional information -- next year, the program will be implemented as a reduced fastpass in the amount of $10. the department children youth and their families -- will want to thank the director for being here -- have offered help in implementing the program. we will hear more from the department as we go forward with this discussion. again, i want to thank the mayor and the director for their involvement. today, we will also be hearing from the school district, who has been a strong partner with us.

some communities have will be an expeditious for six months. that is probably the exception to the world. nine months to a year. in some communities, it is even longer than a year. one of the things that we have been praising so much is that you really do have a foundation that is your, and many times, we go into a community, and we are talking above -- about forming a task force. those things are already here in some way or another. it is maybe a way of organizing it more clear. maybe there is a determination to restructure -- to real structure going to the next level, may be interviewing some officers, and many times, you can say, "we already know what they will say." but it is important that the officer is heard. you asked eight -- you ask the police of a serve that works at 10:00 tonight, "what do you do?" and as you get those honest answers, it helps to bring clarity of knowledge and strengths and also areas where there can be improvements, so as to continue to move forward, you start to program this effort as a community approach to where

yes and any a tone of most expeditious uses communications in our case we will have refusing stops on the way we are also making fuel reserves at the pole as well as sending clothes that will mean there will be complete autonomy we don't have such a goal. we're not interested in autonomy talk that. way. you want. new technology it deprives us of something important that there's no more of that psychological tension that kept you gripped from the first to the last day of an expedition as your equipment and food did not differ much from that used by the first explorers. did you miss that feeling don't you it appears that today you like some of that risk and adrenaline don't you. i cannot talk about taking risks in terms of our goals. we try not to use the word extreme if possible. but it's true that it used to be more romantic before the option was we mean. well but you were. only because of globe as so g.p.s. yes really. absolutely when we made our first polar expeditions were doing is if we had been living in the eighteenth century they must have had a compass then yes we need to have

here in san francisco and i extend my open-door policy to make sure that we move forward in an expeditious, transparent and open way. and to the staff of lafco, we're very lucky that we have the level of talent that we have working on this -- for this agency and i look forward to working closely with you and the one thing about being in this position is that there has to be the humility to know that you're not going have all of the answers, you're not going to know everything and i look forward to the input that each one of you has provided and will continue to provide and to the members of the community, thank you for your involvement and i look forward to working closely with you. we are where we are today because of the fact you have been involved in the tremendous work that you have done and one of the things that i do want to focus on is to make sure that this message of what lafco is trying to do is extend it throughout san francisco, especially through the diverse communities of san francisco who may not be aware of everything we're trying to do and what we're trying to accomplish t

. >> they want an orderly and expeditious way but on the other hand a quick outcome is probably impossible>> not only impossible but some think ill advised and you heard secretary clinton say as much this weekend at the security conference at which she was speaking. where she talked about the need to allow the political space to happen. we've all seen what happens when elections happen too quickly. now, to those who worry about the muslim brother hood, the example of iran 30 years ago looms large. remember, the iranian revolution was led, of course, by islamic extreme forces. but many others in this society joined in to outs the shah and then after about a year's time they were pushed out and it was then we saw the formation of the iranian -- >> so-called moderate iranian. >> right. and so we've had 30 years of continued troubled and tomorrow when you hear the threat assessment from the american intelligence officials who will be testifying in congress as an annual thing, you're going to hear a lot about the iranian nuclear program. and we're going to be reminded again that egypt isn't the

your commitment to the country and to the effort up to this point, and i for one hope this is an expeditious process, that we move on and we can have you within the dni and your expertise which i think are invaluable to us. let me follow up on what's been raised. i think we can all agree there is duplication within the dni as it relates to analysts. now, there's not a part of the ic community that analysts aren't crucial to their work. and i guess i would ask you, is there a point we can get to where we have overanalyzed an issue? do you have the lack of confident of the ic community that you strongly feel there is a need within the dni or is that an area you feel comfortable relying on the products in a come from the rest of the intelligence community? >> the dni's role is that of setting standards, making best practices move between organizations, doing common training and sharing the skills that we have across the community. it's a valuable role and it needs to be there. we have the dni's function and we've had it for a long time in the community to integrate analysis that cops from all t

with overfill regulators, the congress and the administration to ensure the law is implemented expeditiously and in a manner that best protect the stability of our financial system and our economy. thank you. >> thank you, chairman bernanke. ms. bear, members of the committee, think for the opportunity to testify today on the fdic's progress in implementing the dodd-frank act. first a quick to congratulate senator johnson on becoming chairman and it's an honor to be called to testify for the hearing. we appreciate your efforts in the past on issues like deposit insurance reform and we look forward to your leadership as we address future challenges in the financial industry. the recent financial crisis has great shortcomings in the private sector risk-management and framework for the financial regulation. in the crisis hit, the policy makers were faced with a choice of propping up large failing institutions or risking bankruptcy as we saw in the lehman brothers failure. landmark dodd-frank act enacted last year created a regulatory and resolution regime to protect the american people from the

with adoption of this amendment, the house and senate will now have to move expeditiously to approve a patriot re-authorization bill so we can avoid the need for another short-term extension. it is important that the house approve this 90-day extension today to keep the expiring intelligence gathering provisions in place. in in a recent letter to congress, director of national intelligence admiral clapper and attorney general holder said that, quote, it is essenti that these intelligence tools be re-authorizebefore they expire. and they have been used in numerous highly sensitive intelligence collection operations, end quote. last week homeland security secretary janet napolitano warned that, quote, the terrorist threat is at its most heightened state since the 9/11 terrorist attack, end quote. just this week the f.b.i. announced that the probability that the u.s. will be attacked with a weapons of mass destruction at some point is 100%. the head of the f.b.i.'s weapons of mass destruction direct rat saidhat the type of attack that keeps m awake at night is anttack by the so-calledon

equity extraction in total can be approximated more expeditiously from a simple regression in which equity extraction per capita is regressed against the refinanced share of total home mortgage originations and a cumulative moving four-year change in home price. i must say that the latter is by far the most potent part determining the issue of equity extraction. the results over the past 15 years are statistically highly significant. moreover, the regression accurately traced equity extraction in the boom years, as well as its small negative during t past year. what the price variable suggests is that it takes four years of cumulative capital gains on homes, on average, before homeowners endeavor to extract equity. mainly through a sale of a home or cash out refinancing. the regression coefficient can be employed along with the calculated amortization rate and value of home originations estimated as the product of the number of one to four family completions and the average price of sales of newly constructed homes. these inputs estimate the change, and hence, the level of one to four fami

again, it depends on how members feel on the other side of the aisle as well as ours as to how expeditious they want their remarks to be. we've been at this, again, for 90 hours. we intend to have votes again probably within a couple hours after midnight and with will proceed along those lines and i yield back. mr. hoyer: i thank the gentleman for the information. i will tell him that i believe on my side we have three, perhaps four amendments, one we think is subject to a point of order so we have three amendments left on this side. i'm not sure how many you have on your side. mr. cantor: i would say to the gentleman, the gentleman understands and knows that we have throughout the day offered to reduce debate time throughout, and the gentleman also knows that the majority of his amendments on his side have been debated. and if the gentleman is prepared at this point to accept our offer to reduce the amount of time from 10 minutes per amendment down to six or five, i think we can get that done as well. i yield back. the chair: the gentleman's time has expired. the gentleman's time has expi

with overfill regulators, the congress and the administration to ensure the law is implemented expeditiously and in a manner that best protect the stability of our financial system and our economy. thank you. >> thank you, chairman bernanke. ms. bear, members ofthe committee, think for the opportunity to testify today on the fdic's progress in implementing the dodd-frank act. first a quick to congratulate senar johnson on becomi chairman and it's an honor to be called to testify for the hearing. we appreciate your effos in the past on issues like deposit insurance reform and we look forward to your leadership as we address future challenges in the financial industry. the recent financial crisis has great shortcomings in the private sector risk-management and framework for the financial regulation. in the crisis hit, the policy makers were faced with a choice of propping up large failing institutions or risking bankruptcy as we saw in the lehman brothers failure. landmark dodd-frank act enacted last year created a regulatory and resolution regime to protect the american people from the severe

you think it was moving too fast >> we want to see this move as expeditiously as the secretary stressed and her various interviews yesterday. >> who is being excluded? who is not being invited? >> they there are major figures in egyptian society that we think should be able to play a role in this and so far they have not been invited. >> can you tell us who are they exactly? >> president mubarak held his first cabinet meeting today. how do you see this? is this a step to consolidate his power or is it a step in the right direction? >> again our eyes to any government anywhere in the world is to fight corruption, reduce corruption, challenge corruption wherever it occurs. it undermined effective governance. any government that embraces a need for full accountability has our support. >> but the fact he was presiding over a meeting today publicly, there's pictures of him, doesn't give an impression that is going to leave anytime soon. >> these are decisions made by president mubarak and by the people of egypt. it is not for us to dig tate what happens in egypt. you know, but this has to be

work with do -- with the leadership this dod to make sure we transition or transfer equipment as expeditiously as possible. we're also transitioning or transferring equipment to the iraqi security forces. as we've drawn down from the much larger footprint that we had that was over 100,000 to the footprint we have today, we have 77 bases that we're operating out of today, when we transition, by the way, in september from combat operations to operation new dawn we're at somewhere around 92 bases. so, as you can see, we've continued to shrink our footprint somewhat. and in that process we have continued to transfer equipment to both the iraqis and, again, identified equipment that should be transferred to the embassy based upon their request. so it's some of all of that, senator. >> thank you very much, mr. chairman. >> thank you very much, senator akaka. senator wicker. >> thank you, mr. chairman. general austin, i want to take another stab at senator graham's line of questioning. i realize that you are a military man, that you take orders and you don't speak for yourself. you are under the comm

with adoption of this amendment, the house and senate will now have to move expeditiously to approve a patriot re-authorization bill so we can avoid the need for another short-term extension. it is important that the house approve this 90-day extension today to keep the expiring intelligence gathering provisions in place. in in a recent letter to congress, director of national intelligence admiral clapper and attorney general holder said that, quote, it is essential that these intelligence tools be re-authorized before they expire. and they have been used in numerous highly sensitive intelligence collection operations, end quote. last week homeland security secretary janet napolitano warned that, quote, the terrorist threat is at its most heightened state since the 9/11 terrorist attack, end quote. just this week the f.b.i. announced that the probability that the u.s. will be attacked with a weapons of mass destruction at some point is 100%. the head of the f.b.i.'s weapons of mass destruction direct rat said that the type of attack that keeps him awake at night is an attack by the s