my colleague asked about hamp. many of us have grave concern. we -- i sponsored a bill and we passed it out of the house trying to eliminate hamp because of the impact it has not on those that it's helping, but the 50% that enter in the program are left off materially worse off by being kicked out of the program and having to pay fines and the accrued interest and penalties for missing payments. would you categorize hamp as a success? >> let me just say on this one point. and i'd be happy to talk to you in more detail about this. but the performance of modifications under our programs is much better, much better for the homeowner and a much better success rate than the standard outside of those programs. and i'm very confident, but sounds like we should spend time together on this, that you're better off being in a hamp program than not because the depth of relief you get is better and that's partly why the performance rates on those modifications are so much higher than in the private market. >> time of the gentleman has expired, the chair reco

new hamp hishire has a close connection and helps to build their budgeting capacity and just a good approximate relationship back and forth between the two partners. >> is this an effective use of our resource in terms of building partnerships? >> it's a very effective tool. the other benefit that we gain from the state partners is because of their civilian jobs they have opportunities to share our experience that goes beyond military experience when that can be authorized. >> general you canjacoby, you w add to that? >> it's a efficient use of resources, it's consistency over time, it helps us broaden and deepen our relationships around the borld. >> and i was -- around the world. and i was struck in your written testimony, general jacoby, how you talked about how the national guard is a natural partner in all that we do is the language that you use, as we look at the challenging time in terms of the prospect of unfortunately not only the cuts that the department is facing now, and on top of it, sequestration, how important is it that we not only maintain the active duty and resources for that

here in hamp

was part of the letter that was led by ranking member frank to you encouraging treasury to implement hamp more like harp. i understand that's happening, no need nor commenmore comment. i would like to go back to two questions. the first is the sustainability the solution for greece. it is hard for me -- you said in your testimony that this is just the initial phase, that severe austerity steps are being taken. economic reforms and budgetary reforms in these countries. and so it seems to me greece has the worst of all words. they can't devalue their currency. they're attached to a currency that is really reflective more of a german economy than their own. so, they are going to kind of continually, as you pointed out in your testimony, i think, get into this downward spiral, that's forced by the solution. could you comment further on that? >> you are exactly right. a member of europe has two disadvantages to the choices many other countries face. they don't have their own currency and they can't set their independent of the rest of europe. butch they don't have a mechanism for fiscal transf

time for a quick break only from that right america whistleblower alleges that behemoth the fraud hamp the government program aimed at helping underwater homeowners is systematically defrauded homeowners on making service like as much money out of the government's as possible so it's just the explosive allegations after the first. time the. same. people calling what you said for free and fair elections. and we're still reporting from the some of my friends if you can hear behind me loud explosions. i mean. i get it gave me. a. you know sometimes you see a story and it seems so poorly you think you understand it and then you glimpse something else hears you some other part of it and realize that everything you thought you don't know i'm sorry is a big. our guys it's time for show and tell on tonight's program earlier we discussed how mitt romney has been promoting for profit colleges claiming a good option for lowering the cost of higher education are we told several times in the past that for profit colleges aren't great as great or as cheap as they seem and the statistics prove it pol

it was a brutal crime that stunned the town of east hamp n hampton. the murder victim?in october 2001. the man accused of his murder? his wife's loverer, dan ny pel i pelosi. what did she see in you? >> i gave her things he couldn't. >> reporter: she was a wealthy new yorker. >> i thought i hit lotto. i did. >> reporter: they met when pelosi was working on her new york city townhouse. generosa's marriage was falling apart. a bitter divorce was beginning. do you thing she was trying to get back at him with you? >> absolutely. it was the war of the roses. >> reporter: days before the final decree, ted ammon is found dead. three months later, the not so grieving widow marries her lover and inhitters the bulk of ted's $80 million estate. the new happy couple do not have a happy ending. both become suspects in the investigation. tragically, generosa died from cancer two years later. i first interviewed danny in 2003. for the record, let me ask you the question, did you kill ted ammon? >> not at all. >> do you know who did? >> not at all. >> you understand why some people thi

. >> and then finally, hampshire -- hamp? >> haslet roughly a million homeowners now, less than we had hoped, still more to come to the standards that we set have helped encourage another two to 3 million loan modifications across the united states said a broad impact of the programs as much larger them that direct programs. one thing important to realize. >> the time of the gentleman has expired if you could submit that answer in writing. the gentleman from north carolina mr. mchenry is now recognized for five minutes. >> thank you mr. chairman and mr. secretary for returning. i know we have a lot of discussion about a were european exposure. but the question of international harmonization. as you have peaks fsoc and your role. has this been a point of discussion and a concern about the stability of our financial institutions in the united states without regulators' moving much faster than the european regulators when it comes to the full myriad of market regulations? >> it's the central focus of the discussions on the counc

hamp, novak djokovic. that's coming up. >> announceris >>> this portion of "cbs this morning" sponsored by hop. ored by ♪ [ mom ] we didn't know where to go next with eric's adhd. his stimulant medicine was helping, but some symptoms were still in his way. so the doctor kept eric on his current medicine and added nonstimulant intuniv to his treatment plan. [ male announcer ] for some children like eric, adding once-daily nonstimulant intuniv to their stimulant has been shown to provide additional adhd symptom improvement. don't take if allergic to intuniv, its ingredients, or taking other medicines with guanfacine like tenex®. intuniv may cause serious side effects such as low blood pressure, low heart rate, fainting, and sleepiness. intuniv may affect the ability to drive or use machinery. other side effects include nausea, tiredness, trouble sleeping, stomach pain, and dizziness. tell the doctor about your child's medicines and medical conditions, including heart, liver, or kidney problems. [ mom ] addin