i would've liked to seen have sn comparable to the response that moynahan who was then our ambassador to the un made to the zionism racism resolution. the fact that i helped write his speech has nothing to do with the fact that i think it was a good. [laughter] >> you should understand. >> i am canadian and i am pleased with our governments response as well. >> i would like to ask with regard to an understanding of servitude as him and contract to liberalism, as apparently they are very central to the thesis of the book, which i actually just started working on. i would like to ask in your search that liberalism seeks to change those values which are most fundamental to america's success historically, when america's success would seem to me to have been built on constructive self-criticism, we vision is in and mercilessly systematic reform and adaptati adaptation. how does resisting change translate into success for a country that has been built on constant reform? [applause] >> well, some changes are good and some changes are bad. is not self-evident that change is necessarily good.

moynahan. morning and thank you mr. chairman and the rest of the committee. my name is brian moynahan, and i serve as the president of global consumer small business and bank of america. prior to that job, i served in many capacities including running the group that merrill lynch came into in january of 2009. i served as bank of america's general counsel and prior to that i served as deputy general counsel for a predecessor company. prior to that, i was a law partner in private practice and i specialized in merger and acquisition financial institutions, securities law, and other matters in relating in particular to the financial sector. i band to touch on two points today. -- want to touch on two points today. the backdrop of this committee hearing, i want to briefly discuss how our company, bank of america, continues to help homeowners, families, and businesses under the economic challenges we all face. second, i want to talk about how our acquisition of merrill lynch helped to stop a further