tenure peorriod, and we don't py when we told military spending e since 1997, not including the war mechem iraq and afghanistan and we don't pay for that, we've run up the deficit. now mr. president, i always find it amusing when some of my flo republican colleagues come downf here on the floor and lectureere some of us about how serious thl deficit is and how serious the national debt is and yetf ironically many of us voted thec against those proposals which cause the deficit crisis that we are in right now and i did a lot of attention during the debate i d in theon't war in iraq.friends i don't recall many of our friends on the republican side the democrats the voted for thae war saying gee, we can't go to co the war because it's going to of cost the country a huge sum of i money.ng don't remember hearing that. as we build of wall street to0 the tune of 700 billion don't recall many of my friends my goodness we can't afford to doon that and when we gained 700 billion in tax breaks to thn wealthiest people where was the concern then? about deficit reduction. further, mr. president, and ma

foreign service so we were in a bit of a quandary as to who would be the breadwinner, her or mechem and after several rounds of voting it was still one to one. and somehow i was managed to gain a controlling share in the firm and eventually she took the position of foreign service and became the breadwinner allowing me to look on this lucrative career so we wouldn't to africa and the first was about the philadelphia to pittsburgh steeples team that was short of players during world war ii that they had to merge the steelers and the eagles and they became the steeples, the quarterback had a perforated eardrum was blind in one eye and oldsters the backfield so ragtag misfit kind of punch but what i try to do in that began to the other books is to take a small and unusual event in american history and expand on it to talk a little bit more about the time that each and takes place, and hopefully i've done that with this book. the president is a sick man. even i have to look at the subtitle to read it. in the supposedly a virtuous grover cleveland survives at sea and the newspaperman who dar

he took command, and when he took command, and they will move out in the 70's as i told you, vlore mechem the east changed. they actually redirected the war. i think they give the confederacy the strategy the only chance of winning the war. so if you will figuratively and literally the army of northern virginia was reborn in june 1962. thank you. [applause] >> we are going to take some questions now, so anyone that would like to ask a question should step up to the microphone. don't be bashful. we have a young lady -- we have a gentleman here. okay. >> this has been perhaps the most dramatic and interesting and comprehensive discussion of the civil war. thank you. >> i also want to make a suggestion that in the future we have a screen showing the geographic relationship of all the towns you mentioned. it would complete our vision of what you are saying you send a great message. thank you. >> thank you. it's very kind. the reason it's not there is i'm probably a computer idiot. [laughter] it for the asks me powerpoint and i'm thinking powerpoint. [laughter] actually just as a confessional,

it repeated to the estimate one of the responses was to take the traditional brokerage houses and mechem commercial banks, and we have situations where in the rest of these enterprises they are seeking a return on investment by taking the depositors' money and invest in a financial market, so does that mean there's increased financial risk? >> i think that is a lot of what the felker rule is trying to address. we don't want the insured deposits to be on with proprietary trading. it's supposed to be underwater. and a bank holding companies as well and important on the fact a number of major investment banks have now become a bank holding companies that have larger depository institutions. the volker rules ensure deposits are not used for the proprietary trading and another area there is risk in the best implementation and the commercial and investment banks i don't see that getting attraction here. though i have suggested part of the resolution plan the regulators will be requiring the large financial organizations that perhaps can show greater legal and financial autonomy to the investme

individuals were held by pakistan raised questions about the pakistani government's intent in terms of mechem monday to maximizing the cooperation. so it does seem as if from the open source evidence things improved and that is certainly the first 48 hours or 72 hours there were some breaches in the cooperation i think and on the larger subject i would agree very much with both of the previous speakers i do think that professor hoffman's point of the diminishing returns i think the mix is clear what he serves and also bin ladens's circumstances or just what life is like if you are on the run from one of the drones. you do not sit in this case that you know the drone is actively patrolling. >> it's a great point. >> ten days to submit questions in writing and if they do so i would hope he would answer those and thank you so much again for appearing here today. with that, this hearing is adjourned. >> [inaudible conversations] [inaudible conversations] [inaudible conversations] >>> the head of regulatory affairs for the obama administration says that a recent small business administration estim