and they know that once again, mainstreet is paying for the actions of wall street. my hope is that industry leaders understand that calls for executive pay reform are not a retaliation for our current economic reality, but rather an attempt to usher in a new hair of a real corporate responsibility. i hope that executives realized that performance incentives that are tied to the long term success and soundness of an institution or a sensual. if we hope to monitor systemic risk and restore confidence in our markets. with that in mind i look forward to working with the administration and the chairman and my colleagues on this committee. thank you, mr. chairman. i yield back. >> the gentleman from new jersey is recognized for two minutes. >> thank you, mr. chairman. i appreciate the gentleman who just spoke. his comments. and i appreciate the witnesses here today and the chairman that is holding this hearing. today we are export compensation structure and systemic risk. to me as i look at the federal government really is the one opposes a single biggest systemic risk an

so in minneapolis you may need a different standard for whether or not it says mainstreet, maine avenue, main boulevard. whether it has a directional -- >> is there evidence in the record to support this rational explanation that you're offering now? spivak there isn't a. the trial court found that there is difference of technology, different personnel and resources were among the differences that justified the difference interpretation that counties brought and personnel brought to being satisfied and i point this court to that operative word. if you read the statute, what it says is that the election judge must be satisfied these requirements were met. and that term satisfied obviously connotes that there is going to be some measure of discretion involved, some reasonable discretion that puts grease in the joints so to speak, that lets the election take place. on one day at the same time that the election judges have to keep the lines from getting too long, the polls opened on time, keep disruption from happening, make sure new voters are getting registered, make sure that people are