hensley. >> thank you mr. chairman mr. sperling, i've tried to listen carefully to your testimony and i'm listening and i must admit i find myself in agreement with most if not all of the principles that you lay out. compensation plans should properly measure record performance search of airline with time horizons and risk, should be lined with sound risk-management, and the rest. for most of my life i have assigned the back of a paycheck but there was a time i actually signed the front of a paycheck. now there was a time i served on the compensation committee at a new york stock exchange company and not unlike the gentleman from california in his opening statement, i thought i worked very hard to try to ensure that these principles were put into place. i remember an unhappy ceo when i was part of a comp committees informing him he would not be getting the pay package compensation structure that he had desired. i guess my question for you it is since i have found this challenging and i was in the private sector for 12 year

the other senior republicans who have been so instrumental in bringing us to this day, congressman hensley, garret and price and all those that are gathered here for putting out a republican vision for restoring essential freedom to our free markets. the american people are fed up. their fed up with endless bailouts out of washington, d.c. they know we can't borrow and spend and bail our way back to a growing economy. and they want it to end. they recognize bailing out every failing business really means. washington is burying future generations under a mountain range of debt. and destroying the very foundation of free market capitalism that has allowed this nation to prosper for generations. congress cannot continue to ask hard-working families who played by the rules, lived within their means, paid their bills to bail out the irresponsible decisions of others or to bail out the failed policies in washington, d.c. enough is enough. today house republicans are standing with the american people who said loud and clear no more bailouts. this reform that the house republicans are send out tod