folk such as mario livieri deserve a lot better. there is one person here today but there are millions like him across the country. and i remain committed at my college i believed it to ensuring that american consumers are protected. i look forward to our discussions were going to have this afternoon. with that let me turn to my colleagues, senator, would you care to be heard for a minute or so and it will get to our witnesses. [inaudible] >> we're going to push the pedal into another extreme, perhaps as resolving others will create other problems. i believe that happen with some aspects of the credit card legislation. i would rather it not happen here. in particular, i'm concerned about closing certain services and opportunities to consumers, and also shifting the costs that should be borne by consumers, depending on their behavior to consumers more broadly. i'm very concerned about that. it seems to me there is no way this legislation, as it currently drafted, would do that since, as the chairman said, it sets a limit on overdraft

mario livieri traveled here from connecticut and will testify before us. we talked a lot this before. we met in connecticut several weeks ago. at the historic so compelling that he deserved a national audience. we thank you for being with us. jean ann fox is the director of financial-services. a nonprofit association. ms. fox advocates for issues including financial services, electronic commerce and consumer protection. president and ceo of the pentagon probe credit union which has cost of 1 million members and its core comprises men and women of the army, air force, coast guard, and department of common security. john kerry is the chief of ministers of officer. responsible for external matters including business practices committee and to regulatory and government relations. we thank you very much. and michael calhoun is the president of the center for responsible lending. the center is a research and for focusing on consumer lending and protection. again, we are very pleased to have all of you with us today. your full opening statements and comments and