preservation, low level expansion, they can actually gained 3,000 feet of library space. i do not think anyone would dislike the. contrary to the statements, there is a plan that shows how the plan actually decreases. it is not clearly explain to many people in our neighborhood. they satisfied no interest in our neighborhood. i grew up with the north beach library, a playground, and there are a lot of nice things that need to be saved. thank you. >> good afternoon. i am recalling how the neighborhood fought to acquire through eminent domain. i still support the position. the planning department case report found they are eligible for national and california registry. both agree the library is eligible. the interior of the current library is lacking in space and amenities, but it can be renovated to bring it to 21st century standards. if we can do this for less money sooner and provide jobs, i would like to remind you that landmark status would not kill the library project no matter which project is built. i would also like to tell you i have been in north beach for 51 yea

also a low a level that is underground with little natural light, and in terms of functionality, the increases library staffing costs in order to provide services on two levels. a. no. expansion examined. -- a northern expansion was examined. this necessitates that the addition would continue downward. creating an even more levels to the building accessible through lifts or elevators. eastern expansion wraps around the tennis courts and displaces the existing children's playground. it creates an l-shaped library, and it is still on four levels. our project architect is here if you have any questions. from the perspective of the library, each of these options has the effect exacerbating problems of the existing building, resulting from the extreme constriction of the site and the extreme great change. for a busy library moving thousands of items and people everyday, these functional layout issues are very and have full -- very impactful. the cost of operating services on multiple levels would create a direct impact on the services we can provide the community. the finding that the building has historic integrity in the report means it has not been changed or renovated. it is i

is a situation where afghans with relatively low level of outside assistance can fend off the prospect of international terrorism. this is not the expansive view of democracy building and ste building, although we would of course like that. we would all like to see that, but what is the realistic prospect of that in the near term? it is open and sets the bar at a lower level. >> my question is related to the future. if there was a successful tra that emanated from this region, w would you see that being a game changer for current strategy? >> if it came from afghanistan, i think we would be it -- continuing our efforts in afghanistan. the near miss in the times square bombing is what precipitated the comments that pakistan's government would be held to account. what the u.s. government then does, i n't know. i think there is no fooling around on this matter of terrorism from mr. gates, ms. clinton, and the president. >> it is not a question of whether the attack comes from pakist, but what does pakistan do in response? if we have confidence that they are not doing what they need to do, then there is no fooling around. >> the secretary of

at the macro level the existence of the secondary market led to rapid expansion of low doc and broker to loans which are quality on average and at the micro level you might think that lenders would lower the standard on a particular loan if they think it has a higher likelihood of being securitize and offloaded. so this paper close the somewhat counterintuitive finding that while those with a higher ex-ante probability of being sold have higher delinquency rates. the loans -- i'm not on the. the loans action sold by the bank post origination exhibits worst performance in loans that remain on the banks balance sheet. so this paper reconciles some mixed evidence in prior research and explain to the irony that the moral hazard on the lending base price part in it up during the banks the most. -- ended up hurting the banks the most. so conduct this analysis it is absolutely essential that we have an accurate calibration at the entire information set of origination. which we have. so we employed a unique data set from a single mortgage lenders that contained all loan, barber, property addi

is a situation where afghans with relatively low level of outside assistance can fend off the prospect of international terrorism. this is not the expansive view of democracy building and state building, although we would of course like that. we would all like to see that, but what is the realistic prospect of that in the near term? it is open and sets the bar at a lower level. >> my question is related to the future. if there was a successful track that emanated from this region, how would you see that being a game changer for current strategy? >> if it came from afghanistan, i think we would be it -- continuing our efforts in afghanistan. the near miss in the times square bombing is what precipitated the comments that pakistan's government would be held to account. what the u.s. government then does, i don't know. i think there is no fooling around on this matter of terrorism from mr. gates, ms. clinton, and the president. >> it is not a question of whether the attack comes from pakistan, but what does pakistan do in response? if we have confidence that they are not doing what they need to do, then there is no fooling around. >> the sec

it is a situation where afghans wh relatively low level of outside assistance can fend off the prospect of international terrorism. this is not the expansive view of democracy building and state building, although we would of course like that. we would all like to see that, but what is the realistic prospect of that in the near term? it is open and sets the bar at a lower level. >> my question is related to the future. if there was a successful track that emanated from this region, how would you see that being a game changer for current strategy? >> if it came from afghanistan, i think we would be it -- continuing our efforts in afghanistan. the near miss in the times square bombing is what precipitated the comments that pakistan's government would be held to account. what the u.s. government then does, i don't know. i think there is no fooling around on this matter of terrorism from mr. gates, ms. clinton, and the president. >> it is not a question of whether the attack comes from pakistan, but what does pakistan do in response? if we have confidence that they are not doing what they need to do, then there is no fooling around. >> the sec