>> this is something that icann is not an economic issue. it's a political issue. it's a political decision with a large standing army or small standing army and reallocate the money. from an economic standpoint, i just look at the overall numbers and i don't see pakistan is spending too much had already safe living beyond its means, yes it is, but it's been so very small at the moment and that's a big issue still have to resolve. >> thank you, very much. >> thank you for joining us. >> maleeha commissary to lose you. >> i can see yo i knew you'd ask a question. >> go ahead. >> two things, short-term and long-term. when i was in pakistan with the peace corps years ago, the literacy rate is 40% in both places and this is crucial and directly relevant to things you're talking about, marvin middle class. today the literacy rate is still in the 40s and meanwhile bangladesh is in the 80s. so it's a terrible gap here that need not have occurred, but it's a lack of priorities and most directly involved in economic process going forward. it has to have a widespread number

>> well first, icann, the indicators like asset price, house prices, leverage, credit growth, all those things look very different today than they did before the crisis. secondly, there's a whole lot of reform going on. very bad mortgages were being made as you know, and there's been a considerable amount of tightening up of the laws affecting consumers. there have been considerable increases in the amount of capital that banks have doubled and so on, so a lot has been done. and i'm not saying this work is completely done but we've certainly done a lot to make the system more resilient. >> thank you very much. i see my time has expired. thank you, chairman bernanke. >> senator toomey is recognize for five minutes. >> just a quick sort of follow up on the nature of the very accommodating monetary policy. isn't it true as a general matter that very accommodating monetary policy has the tendency to the extent that is successful at all to bring economic activity that would otherwise occur in the future closer to the present day rather than to increase the total amount of economic activity t

other places and simply stick this on to mandatory funding unless somebody else decide wearable, out icann is not responsible. we need to make hard decisions here as opposed to letting someone else make this decision and asked authorizing in place. i prefer we make those silly vote against the amendment. you'll back. >> the gentleman yields back. as any members seek recognition to strike the last word? generality from new mexico recognized to strike the last word and recognize her five minutes. >> thank you, mr. chairman. i appreciate the dialogue on this amendment and understand the farmville is a very affect his at balancing difficult priorities, but i thought it might be useful to talk about my district in with this balancing issues are and appreciate my colleagues are bringing this amendment. in small rural communities they are today faced with the real lack of access to basic water and water systems. there are other geographic problems and make it harder to install basic infrastructure. carnaval is a community of 800 homes one-mile from a major city in my district, albuquerque. that a