the garrett farm, this was taken in the 1930s. was abandoned and caved in on itself. the median strip of highway 30 one running through a p l. it is the only site that doesn't exist anymore. all the houses and places, this is the median strip but it is very wide and there are markers back there and places where people can go genuflect if they so choose. next. one of the members is a surveyor who surveyed the property. he marked the porche, left the survey in one of the pipes that are stuck in the ground so you can orient yourself with the house. next please. that is all that is left. that is a piece of booth's stretch that wound up in the hand of a schoolteacher. karen for booth when he was dying on the porch and descended to a neighbor and a girl. it is treated like a piece of the true cross. people want to come up and touch it. i don't know why but any time you take a group of people down on a 4 you pass round that crutch and everyone wants to hold it. is strange. they put up banners of john wilkes booth around washington d.c.. can you imagine putting up banners lee

garrett and mr. campbell's line of questioning here because last week we had fasb's cabins across submit testimony here that in many ways recognized or admit a certain dichotomy here or a certain problem when it comes to the impact or effect on this decision. he said --e said that keeping assets on the books will better reflect financial institutns exsures to risk, but may also, in his words, affects their ability to comply with the regulatory capital requirements and therefore affect the liquidity available to real estate in the u.s. to commercial realstate specifically. and on of the debates that we have had about the vicious circle that we've got ourselves caught in is the fact that in many cases you have performing loans, but banks aren't allowed to be banks right now. you know, if the appraiser -- if the appraisal comes back and the value, you know, isn't what necessary, there regardless the fact it's a performing mound a in the past maybe you keep it on the books and you have to make that tough

major garrett at the white house. thank you. ♪ ♪ >> shannon: america's news headquarters starts off tonight in pennsylvania where democrats have a big choice to make next tuesday. do they support a former republican who is running for senate under their flag for the first time, or go with the democratic congressman looking to switch jobs? chief political correspondent carl cameron has a preview from philadelphia. >> reporter: congressman joe sestak underdog in pennsylvania's white-hot senate democratic primary has come from behind to lead last-minute polls by sowing voter distrust of the republican turned democratic senat senator. >> there is no way we'll trust somebody who said we'll switch party. >> reporter: endorsed by the philadelphia area black clergy today, arlen specter once thought running as a democrat would be easier this year, but both parties distrust the dischanging parties. his position is on defense. >> there has been an independent record and a record where i evaluate one what is good for the people o

time or against garrett. >> as a team, for us, we need garrett and he has been swinging the bat reallyl lately. i'm just going to try to take advantage of all of the opportunities i get so i can do the same thing, try to be consistent. and have good at-bats, play well on the field and do what i can when i'm out there on the field, not only hitting, but defensively just to help the team win also. but garrett, she a big part of this team. he is a really good hitter. he has been swinging the bat really well lately and i hope he continues to do so. >> and having to first basemen that can hit is a problem that dave trembley wants to have. >> it is a very good problem to have. if we can both swing the bat well, i think it is a great problem for our team to have. and i think both of us, we'll be able to produce and help the team in our own way and everything. so, like i said, he is swinging the bat well, and i will do what i can to help out also. >> and all right. so how do the numbers match up? well, you can take a look there. garrett atkins has had twice the number of at-bats as ryan hughes

major garrett at the white house. first, david lee miller on the coast live in venice, louisiana. david lee, they are trying to install a giant siphon tube, they say. >> that's exactly right, shepard. the oil experts would say that what they are trying to do now is take a 6-inch tube and insert it into this 21-inch pipe that is losing thousands and thousands of oil every day. this is a difficult process it has to be done 5,000 feet under the sea. bp experts are optimistic it is going to work. they also said today this is the first time that such a practice has ever been attempted. >> shepard: everyone is not optimistic. what if it doesn't work? >> well, bp says they have a contingency in place. they say they have what they call the top hat on the ocean floor. now, that's the very clever name for what really amounts to a 4 by 5-foot containment dome and what they would then do is place this dome over the actual leak itself. and then the oil would be somehow funneled to a tanker on the surface. the two approaches are ve

. >> and garrett, how jealous were you?d have been cool to hit the shot, but -- yeah, you know. >> all right. tyler, take us up there. you're on this plane. it looked like a crop duster or something, right? >> yeah, it was just a little piper cub plane. i get up there and it was actually raining. so when you stuck your arm out the window to throw the ball, it actually felt like needles going in your arm xhrks i, which i'm g fan of needles. so i wasn't enjoying that part of it. but we went around and for the first shot, when you're up in the air, the gmc truck and the goal look like they're a lot closerer then they actually are. so all i could see was the ball going straight through the windshield on that truck with a serial number of 0003. so had to be careful of that. >> and so garrett are you on the ground then on the second pass and you're thinking we're going to be out here all day and as it goes -- as the plane goes by and on the second shot, the ball goes in, garrett, what was your reaction? >> you can kind of see our

we are trying to get major garrett up on this important new information.ing sourced through the post who is saying the failed car bombing in times square increasingly appears have been coordinated by several people in a plot with international links and that would meet the administration's definition of terrorism and could be behind what robert gibbs was said was care rides as an intent to airrise and the person who d intent to terrorize. and the person who did it would be a terrorist. the dorm room dispute that could cast california's finest big bucks. a cal state university student was pounded almost a dozen times with a night stick, then zapped with a taser on top of it. they say some of that beating and the taser incident happened after the cops were slapped on. the beating was captured on cell phone video by the man's roommate. look at this. [shouting] megyn: apparently the two roommates had a fight and the one being beaten here threatened his roommate with a knife. the comes showed up because they were called by the roommate. and it turns out this gu

garrett and mr.ampbell's line of estioning here because last week we had fasb's cabins across submit testimony here that in many waysrecognized or admit a certain dichotomy here or a certain problem when it comes to the impact or effect on this decision. he said -- he said that keeping assets on the books will better reflect financial institutions exposures to risk, but may also, in his words, affects their ability to comply with the regulatory capital requirements and therefore affct the liquidity available to real estate in the u.s. to commercial real estate specifically. and one of the debates that we have had about the vicious circle that we've got ourselves caught in is the fact that in many cases you have performing loans, but banks aren't allowed to be banks right now. you know, if the appraiser -- the appraisal comes back and the value, you know, isn't what necessary, there regardless the fact it's a performing mound and in the past maybe you keep it on the books and you have to make that tou

that is old man richard garrett who owned the farm house.roops cornered herald and booth in the tobacco barn and negotiated for a couple of hours. the troopers refusing they wanted to take him alive and the negotiations were not going anywhere. so one of the men said fire with the idea of smoking them out. before they could come a one of the soldiers shot with a very lucky shot hit him and then back it the cervical vertebrae and cut the spinal cord rendering him paralyzed from the neck down. he was dragged from the barn and laid on the porch where he remained alive r about an hour and a half before he finally died of

but a little on the muggy side with that southeast wind. 63 with its thunderstorm possible out in garrett and alleghany counties. some showers arriving near the bay tomorrow afternoon, 76 degrees. the lower eastern shore might hold on to dry weather the longest, but it will be cool on the coast as the sea breeze kicks in. showers are likely tomorrow night into sunday. waves running around 1 foot, and the bay water temperatures ranging through the mid 60's. the best chance for showers over the weekend is saturday night and sunday. the rain gradually tapers off monday and tuesday, and then wednesday the warmer air comes right back, partly cloudy and 84. around 85 on thursday, 86 on friday with a slight chance for a thunderstorm. >> now, 11 sports with gerry sandusky. >> war roster tinkering for the orioles today. it will not transform the team into a winner. interleague play, the battle of the beltway. the series is tied at 12 apiece, as you look back at some of the action yesterday between the orioles and the nationals. the biggest difference from a year ago remains records. washington has

garrett of new jersey. the chair: pursuant to house resolution 1329, the gentleman from new jersey, mr. garrett, and a member opposed, each will control five minutes. the chair recognizes the gentleman from new jersey. mr. garrett: i thank the chair. you know, last year "the washington post" ran a story tiled "energy cause generating light bulb solution." and it is being employed by local governments and local utilities here in d.c. and many of those programs sounds like a lot like the programs being created here. one began offering customers home energy audits for free if they simply installed power-saving energy-efficient light bulbs in the program. one person said this, it was a d.c. resident, elizabeth fox, she was thrilled to get a lengthy free audit of 100-year-old drafty house she lived in the northwest. she said we have a written report we kept referring back to while we were renovating the third floor of the house. with the new insulation of superefficiency washers and driers, still her home heatin

i can tell you that 26 troopers that finally wound up at the garrett place got $1653 each.it went all the way up to $15,000 if i remember quickly-- correctly to everton conger, the ranking detective who was with them. multiply that now by 18 and that is about what it is in current dollars, okay so someone like conger got a little over $230,000. thank you all very much. i appreciate your time. [applause] >> for more about ed steers and his work, go to steers.com. robin stone, who was gerald boyd? >> gerald boyd was many people. he was a complicated man, having grown up in st. louis and poverty, race by his grandmother after his mother died and his father left for better parts of new york city. he came up in poverty, and worked his way up. he decided he wanted to be a newspaperman early on in his teenage years, and in the 11th grade. and he pursued after a scholarship at the university of missouri, working at the post dispatch in st. louis, his hometown. very early on he thought, i want to be a journalist and i want to be good enough to work at the "new york times." it was th

maybe garrett county, maybe preston or tucker county west virginia. that's about it. anything some clouds tonight but still very pleasant and almost like summer eve actually because temperatures in the 80s. temperatures won't fall too fast tonight. zone forecast, all six are on the website at wusa9.com. 70 in oakland tomorrow. good chance of showers. 70 in cumberland and a good chance of showers. the further east you go the chances decrease a bit. martinsburg 75. mid to upper 70s in warrenton, manassas and leesburg. downtown mid to upper 70s. 78 andrews. 78, 79 toward la plata and almost 80 in to southern maryland. 77 in annapolis. no winds and no small craft advisory. the next seven days, 77 tomorrow. a couple of showers, not a big deal. 73 on sunday. coomer and primarily morning showers and then showers on monday in the 70s. 80 on tuesday. isolated storm is possible. and then a little touch of summer. upper 80s on wednesday, thursday and friday. friday near 90 and a few isolated storms late in the day. we have of course celebrate fairfax june 11th to the 13th. go to

and garrett county sitting at 59. and our winds are starting to shift. coming out of the southeast.will continue to see a southerly flow. and that helps our temperatures increase over the next few days. and that will be the bii changing force as we start to -ead into the middle of the3 week. those temperatures will warm up quite a bit. in fact, looking at the warm weather 73 in chicago. 74 indianapolis. where the highs were in the chicago almost 90 together. so there was warm air out there3 that air will continue to shift from the midwest into our area, as we go through the nexttcouple of days. soul see a jump in the temperatures down the road here. few high thin clouds south of us. but you can see to the north. clearrskies. continue tt enjoy clearing building in. as the showers stay to the southern porttons of virginia and over north carolina. associated with an area of low pressure. over the atlantic. watching that. because there was a chance for that to become our first tropical depression. first named storm potentially. but it looks like the chance lessened from 30 percent chanc

mountains where we've seen cooler temperatures, still sitting at 70 degrees and oakland out there in garrettnty. we have winds coming up out of the south that are allowing for the temperatures to be on the warm side of things. we will stay on the mild side tonight. downtown in the inner harbor in the city, right around 71 degrees. outlying areas in the mid and upper 60s. clear skies, winds out of the south at five to 10. i'll have a detailed look at the weekend forecast and tell you about a change coming as we get closer to mother's day. details in a bit. >> a million pounds of metal from three mile island is transported through harford county. the 19 foot tall generator load is being moved ever so gently down the east coast to a nuclear power plant in north carolina. because of the size and weight of the rig, it can only move 10 miles an hour and it gets plenty of looks from people passing by. >> we get a little bit of everything. we get a lot of people come out and wave and cheer and like to see us going by and obviously you get the people that, you know, we're disrupting. i know it is a p

remains a steep climb, and i have not been a very enamored of industry consolidation in the past garretts not only in the public interest -- in the past. it is not only not been the public interest, but i think many companies may regret that they got involved in these mergers after all. we have to create an environment in which that is possible. we have to do a better job of getting news and information to people. that is the biggest challenge facing the those of us in the communications field right now. that is the number-one thing that i respond to, because i really am worried about how we get information out. go back to the founding fathers. you can find the quotes from george washington, thomas jefferson, james madison, saying that the infrastructure of that day, newspapers, was mightily important to everybody into the country. so they found a way to support that information infrastructure with subsidies for newspapers. they did not pick winners and losers. they partnered on all sides. they said all newspapers should be shipped for free and there should be subsidies to get them out t

garrett atkins. atkins, 1-3. he extended his hit streak to four games.ne-strike count. the oriole closer is up in the bullpen. simon may get a slot at a save here. the orioles would like a couple more runs up instead. the throw over to first to get him back. graya with a 1-1. and that is going to be fouled back the other way. the orioles won this season series last year 3-2. breaking ball, and got him. he backed off on that and guerrier get as strikeout. >> mike: the curve ball with a pretty good bite on it. he lets atkins relax and finishes in kind of the upper quad drant of the strike zone. >> gary: brian hughes is 1-3 now with two down and a runner on at first base. >> gary: he sees that and makes the throw over. again, and lugo back. obviously a potential big run over there. if the orioles can get lugo around. the look and the pitch is going to be outside for a ball. >> mike: he has been the workhorse of the twins' bullpen the last couple of seasons. one of the busier relievers in all of baseball. >> gary: the fan noise is about the bird. the bird ha

these really bright clouds in west virginia are just touching the garrett county and around pennsylvania, are around. and cleveland. here is rain shower activity. -- are round yuri and cleveland. here is a rain shower activity. the surface is diminishing. we have the upper air storm that is trying to move in. it is all coming into high pressure. the-in georgia, if you draw a line -- this high in georgia, if you draw a line, the disturbances moving into that. the disturbance is losing the battle. all or air will get more what because hour winds are easterly. the rain chances will go up. clouds and cooler is the basic forecast. afternoon and evening showers. the rain chances go up the later we get into the day. southeast winds are at 10. 72 2 77 for the high. .et's look at our future test we see a lot of this beginning to multiplied. it is still scattered shower activity. you can see the chances co-op into sunday. into monday and tuesday, -- you see the chances go up into sunday. into monday and tuesday, they start to diminish. temperatures will start to rise. into thed 70's weekend. >> te

garrett. the gentleman from california.. gentman from >> we are talking here about ho. to make high-frequency trading saver. the question is does it still in the social utility at all in ini the oldll days somebody would wt to sell stock for $10 somebody else might want to buy it for $10 a nickel. i remember when they were in 18th of a point and somehow there was a settlement inn between and may be one of the 1f other of those to investors gote a slightly better deal. now there is somebody with a sgt fast computer who can come in and scoop up the 5 cents to make sure that neither of the 5 investors benefit from it. i realize wall street makes a lot of money from the high-frequency trading but the s question is does it help provide liquidity and some other way allocate capital. or in now the event of last week seemed to be high-frequency trading doesn't provide to liquidity it uses up liquidity,g demand liquidity and there was no liquidity for a few minutes. so i will start withdity for mr. leibowitz.minutes. if we didn't have high-frequency trading would this hurt the c

garrett, for five minutes. >> i thank the chairman. i thank the witnesses. and, yes, today's hearing is certainly timely. given the events of the last week. but -- in retrospect, dlerg work the regulators have already been doing on the last few days, might have been wise to wait just a few more days to hold this hearing to give our witnesses that additional time to gather information more fully and to analyze the events of the last few days. so ultimately we could come here and be fully informed as to this subcommittee's inquiries. broadly speaking as well, in a more ideal situation, i guess we could say this subcommittee should be conducting oversights of the s.e.c. and our financial markets. i guess you would say in a more proactive way rather than a reactive way. until your recent testimony here with regard to lehman bankruptcy, chairman schapiro had testified just twice since she was sworn in, far less than her peers. never before today has she been asked to testify on market structure reform, despite the s.e.c.'s ambitious agenda in this area. and so it

it's a 5- 1 ball game. >> jim: garrett couldn't have thrown it better.hot in fair territory just inside the line. there's wigginton for the first orioles run. there's your bloop. unfortunately izturis doesn't hit many blasts. like the bloop and the blast- type offense. >> atkins gets his 6thrbi. izturis, runners on first and third again. izturis hit into a double play and popped out. >> jim: gets the pitch count down the 100. when you have this trouble against lee you want him out. >> jim: the stuff has been more up in in inning than in previous innings. rick adair notices that. don is a former catcher. >> gary: and izturis down the line in right. that will be fouled. seattle team when they win it's about their pitching which is third in era. the starters are third. the bullpen 4th. they have good work from the pitching staff overall and they are last in runs. >> as they were last year. they scored 50 less runs and were able to win 85 games. that doesn't happen often. >> 1-1 delivery. they decided this year to work on defense and pitching to try to impro

oakland and garrett county 55.redericksburg 67. 65 winchester. 64 lou anne in annapolis and also charlie in catlett. he had over two inches of rain over the weekend in parts of faulkier county and upwards of three in a few spots. 66 at reagan national. the on-shore flow is keeping us moist. one more shot. look at the shower and storms along the coast. a lot of clouds and few showers today. this will change though. here's the seven-day forecast, changes start tomorrow. in the low 80s perhaps with sunshine and a stray shower and much warmer on wednesday and thursday. upper 80s. cool it off just in time for the holiday weekend in the low 70s with a couple of showers possible on saturday and sunday. 6:47. let's get the latest on the commute. >>> beltway alert, on the outer loop two accidents to tell you about. look at the left of the screen. we have crash activity past the connecticut avenue. it is pushed to the right shoulder but the damage is done. approaching 355 we have another accident where we are losing the left

a few widely scattered showers out in garrett county tomorrow morning, with mostly clear skies east of. the forecast is for another pleasant evening. lows of 56-63. this front will track through here early tomorrow morning. some gusty winds as ite)1ñ passs by. another system just developing in the northern rockies will approach as we get into the weekend. that one might finally bring in some cooler air. an isolated shower as possible tomorrow morning north and west of baltimore. in the afternoon, it might kick up a couple of isolated storms, but we are running less than 20% chance that any one spot gets hit by rain tomorrow. by friday evening it is cutting through ohio but will stay dry year through the day friday. in iran would probably happen early saturday morning. -- any rain would probably happen early saturday morning. loss of sunshine for most areas, and less than a 20% chance of an isolated shower. /oabout 68 around the bay. the lower eastern shore, the front is approaching you in the afternoon. you have a slightly better chance for us thundershower. it will be 84 away from the

garrett. i want to thank each of you, mr. leibovitz, mr. noll, mr. duffy, and also chairman shapiro and chairman ginsler for your excellent, superb, and well-presented witnesses and your testimony today on this very critical issue. as we move to make sure we maintain the strongest investor confidence in our financial markets and in our investor trading. thank you again very, very much for coming before our committee and helping us with this. the chair notes that some members they have additional questions for the panel which they may wish to submit in writing. the hearing will remain open for 30 day for members submit written questions to the witnesses and to place their responses in the record. before we adjourn, the following will be made part of the record of the hearing. the written statements of bart children, commodities trading commission, it's so ordered the panel is dismissed and this hearing is adjourned. john garver, george attack university, and ken, a fellow here at brookings. -- at georgia tech university that is garver. let's begin wit

garrett is one telephone call away. we're looking for the best expert help in structuring the finest enforcement bill we can put together to make sure although we hear this all the time, that this will never happen again. i for one can see something is going to happen again so we shouldn't use that terminology, but we could creamy great deal from the crisis and put a piece of legislation in place that will force all of that kind of activity for occurrg again for many, many decades. and toward that end, i solicit your assistance and help. inany of my staff that don't take your calls, you let a know it will have newtuff in place, but i know they will only want to encourage you to take advantage of that invitation. so with that, the chairman of some members may may have additional questions for this panel which they may wish to submit in writing. without objection, the hearing record will remain open for 30 days for members to submit written questions to these witnesses and to place their responses in the record here witho

yes he did said ted garrett. succeed garrett a long-time american league umpire. 1 count. >> rob: get that run back. get the offense kicked back in here. , that bullpen early in the ball game. >> bob: change-up high, leadoff man acin the eighth. bernadina coming up, follow the nats your iphone, ipod touch, blackberry and droid phone. all of the short phones you can find mlb.com featuring play-by- play, video highlights and live audio. go to nationals.com today on your smart phone. >> rob: c'mon, roger. hit one in the gap. i want to see how fast you are. >> bob: roger bernadina a walk and a pair of strikeouts. making contact at syracuse at .377 when the nats called him up. way outside 2-0 and sanchez is now struggling. the mets are just piling on the phillies. they scored another run in the ninth and lead 9-1. >> rob: a lot of what you need to know about sanchez throwing two change-ups to roger in a row. >> bob: pinto can be very tough on righties. >> rob: sounds more like a pickup truck though. >> bob: he sure is. >> rob: low 90s with that left- hand. gasoline. >>

well, the american people need answers to this very serious question that was asked by major garrett. who authorized former president clinton to make this offer to mr. sestak? we don't know. the white house won't tell us. who connected with the president's staff? who connected on the president's staff was involved in any of these disssions? we don't know. the white house won't tell us. what was offered to mr. sestak? we don't know. the white house won't tell us. who was present when the offer was made? we don't know, the white house won't tell us. mr. gohmert: will the gentlelady yield? mrs. bachmann: in just one moment. and what was the reply? we don't know. the white house won't tell us. did president obama discuss this job for leaving the political race when he met with president clinton this week at the white house? we don't know. the white house won't tell us. this is a very serious charge and for three months the media has failed to press the president obama for an answer, much less press him for details. now that mr. sestak has won the primary over mr. specter, this issue looms

i have a follow-up question for you or garrett. you talked about the hard work you're going to be due on this mission so you would have of accomplishment. could you expand on that? >> we talked about having fun, but the main reason is everything went smoothly on the mission, and we accomplished all of our objectives, and there is nothing like a little success to make everyone have a really good time. i was hoping that with all of this hard work, and with the people on the ground, we have a lot of success. . of the new world order plan. host: thanks for t call. the next big congressional push on financial regulation, the headline, financial bill poses a big task for lobbyists. the body of the story is this. executives and politicalction committees from wall street banks, hedge funds, insurance companies, and financial sectors have chartres congressional candidates with more than $1.7 billion in the last decade, which must -- with much of it going to be industries that oversee the operations. the financial sector has enjoyed virtuall

garrett, today, for five minutes, and ms. ros-lehtinen, may 18 and 19, for five minutes each. the speaker pro tempore: without objection. for what purpose does the gentleman from ohio seek recognition? >> mr. speaker, i ask unanimous consent that today following legislative business and any special orders heretofore entered into, the following members -- maybe permitted to members -- maybe permitted to address the house for five

garrett atkins on a chilly night at camden yards.have bonus minor league coverage for you tomorrow night. triple-a norfolk at triple-a syracuse. the orioles and nationals triple-a teams getting together. you can see that game in its entiretiy tomorrow. have you noticed what corey patterson has done since he signed with if tide. a 10 game hitting streak going. .475 and 4 doubles. he had two more hits last night and he has the batting average up to .385 and the on-base percentage at .439. there was speculation he may be brought up to begin the home stand. that move was not made and dave trembley was asked about possible roster changes. >> i won't rule out there's not going to be changes during the home stand. today there was and any changes. i wouldn't rule that out during the home stand. >> i'm sure, andy like myself are looking at the offense to get it started. obviously to be is a tough chore going against lee. white 18 good time to start scoring runs. as we go through the home stand that possibility does exist. >> whether it's the

garrett of new jersey. . under the speaker's announced policy january 6, 2009, the gentleman from missouri, mr. akin, is recognized for 60 minutes of the designee of the minority leader. mr. akin: mr. speaker, thank you very much for recognizing me and allowing us again on a wednesday evening to explore the interesting question that has certainly been much in the minds of americans over the last couple of years. that is the situation of jobs and our economy, particularly what is the connection between jobs and the economy and what's going on that we have reason for hope, for things turning around, or not? and we continue as americans to ask, where are the jobs? because there are many, many people who are unemployed and many people who are unemployed for more than a year are no longer counted in our statistics which sut that the unemployment rate is -- which suggests that the unemployment rate is somewhere in that area. so the real unemployment rate is probably higher. that that's a reason for people to be con

garrett. i want to thank each of you, mr. leibovitz, mr. noll, mr. duffy, and also chairman shapiro and chairman ginsler for your excellent, superb, and well-presented witnesses and your testimony today on this very critical issue. as we move to make sure we maintain the strongest investor confidence in our financial markets and in our investor trading. thank you again very, very much for coming before our committee and helping us with this. the chair notes that some members they have additional questions for the panel which they may wish to submit in writing. the hearing will remain open for 30 day for members submit written questions to the witnesses and to place their responses in the record. before we adjourn, the following will be made part of the record of the hearing. the written statements of bart children, commodities trading commission, it's so ordered the panel is dismissed and this hearing is adjourned. >> wally take you live now >> we'll take you live to the u.s. senate, where members return to work on the financial regulations bill we e

garrett: american public across this country is asking this democrat ngress, where's the budget? yes, there's spending. spending is out of control. almost $2 trillion by this new democrat majority. yet there are taxes, almost $700 billion in new taxes, yes, there are new deficits. deficits larger than we've ever seen in the history of this country. but where's the budget? we've heard that the democrat chairman of the budget committee, now famously saying, a congress that cannot pass a budget is a congress that cannot govern. how true. but we also have heard speaker pelosi say that the inability to pass a budget hurts american children. well, madam spear, where is your budget? with that i yield back. the speaker pro tempore: for what purpose does the gentleman from california rise? >> to address the house for one minute. the speaker pro tempore: the geleman is recognized. >> thank you, mr. chairman. majority represents a missed opportunity to provide fiscal discipline that is needed to create job growth in our economy. since president obama was sworn into office, congressional dem

if my son garrett is listening, please call 811 so we do all the right things when we plant tree this is weekend. the speaker pro tempore: the gentlewoman from florida is recognized. mr. brown: i reserve the balance of my time. mr. shuster: i yield back the balance of my time. the speaker pro tempore: the gentlewoman from florida. ms. brown: i yield back the balance of my time. the speaker pro tempore: the gentlewoman yields back the balance of her time. the question is, will the house suspend the rules and agree to house resolution 1278. -- excuse me, house resolution 1278 as amended. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the affirmative, the rules are suspended and the resolution is agreed to and without objection the motion to reconsider is laid on the reconsider is laid on the table. the chair lays before the house the following communication. the clerk: to the congress of the united states, i am pleased to transmit to the congress pursuant to section 123-b and 123-d of the atomic energy act of 1954 as amended 42 u.s.c. 51-b, the act,

garrett jones at the george mason the university actually writes that this kind of proposal would leave bondholders of something of value so they're not entirely wiped up and retain the potential to regain some of their losses if the equity shares they receive in lieu of their bonds remain of value here's what he writes in the recent paper, friday's bondholders become monday's new shareholders and the banking conglomerate can continue to borrow and lend much as before without little possibility after short-run crisis. it's a little bit like debt or possession financing in a bankruptcy but it matters where you get the financing, in this case creditors of one kind become creditors of a different kind, trading bond for equity. investors directly tied to the troubled firm bear the financial costs of the restructuring of the firm. and, third, since many of the bonds are publicly trade and, therefore liquid, the process would be transparent and the reason the process could occur so quickly is because of that conversion. and, fourth, a connect to -- a debt to equity leaves deposits untouched.