mr. allison, the strategy -- mr.ourke is suggested that we don't have many options unless we're going to work outside of the political system, that changing minds and educating people may not be the most effective strategy which you suggested actually would be. what would be your response to that? >> i'm not -- [laughter] i'm not sure exactly where the conflict is there. i think the issue is more how optimistic or pessimistic we should be. i think it's very reasonable to be very, very concerned. but on the other hand, i think that the ideas that we have are far better ideas which is why we have a chance at being successful. [applause] and i have a little, and one reason i think it's important for the libertarian movement given the challenge is to be optimistic and objective at the same time is that i believe in something called rational optimism, and that's the idea that in order to be successful, you have to believe you can do it. if you don't believe you can do it, it almost guarantees you're going to fail. i built

mr. allison. >> thank you mr. chairman and ranking member. chairman frank out of all the things in the dodd-frank bill is that one piece of the legislation that you are particularly pleased that we were able to get through? >> may have began by responding to that rogers -- outrageous suggestion. they would not be supervised. there was never any suggestion that they would be exempt from the rules and your question i would say to mr. barr that i've lived up to my deal? >> intersected and mr. fine with him i made the deal would affirm that so no i don't think you and i would be talking about your bill. i wouldn't have my motive properly implant in suggesting i was not good am i word when there's absolutely no basis for it. as far as the bill is concerned to me the most important piece and one of the things i now worry about which is risk retention in mortgage lending. i really play the single biggest -- and innovation and it wasn't regulated because it was new. you had regulation of mortgage lending pretty good up to the 80s because most mortgag

allison barber and jim norton and sherrod small. and on monday mr. penn gillette. >> e block.ast story. that's the last story. >> yea, okay. the sun flared, but we were spared. according to nasa, whatever that is, solar flare triggered by a powerful storm on the sun nearly destroyed the earth nearly two years ago because obama got there first, am i right, america? it happened on july 23rd, 2012, the same dame i completed my re-- the same day i completed my reassignment surgery. it would have cut out the gps and causing a widespread blackout which could have lasted for years. said one scientist, if it would have hit we would still be picking up the pieces. shut up, nerd. >> i caught that. >> a lot of places wouldn't be -- you could flush the toilets. what is more horrifying than that a? >> for example there are water usage police in l.a. because they have the drought and the green footprint, the greenthumb. this is good. the world will end in a day. i am not worried about the climate changing thing. we almost got taken out by a solar flare. >> are you angry you found out now? >

mr. brent arronte, director of san diego benefits inspections division office of audits and evaluation. next will be vba to include the honorable allison a. hickey undersecretary for benefits and she is accompanied by miss diana rubens, director of the philadelphia regional office, who is the former deputy undersecretary for field operations as well as mr. thomas murphy, director of compensation service and finally, we will hear from mr. daniel bertone, director education work force and income security with the u.s. government accountability office. so i now acknowledge our first panel who is already seated, yield to our colleague, mr. fitzpatrick for a brief introduction of our first witness. >> i would like to thank the chairman, the ranking member for the opportunity to participate in the hearing and to introduce miss kristen rule. miss rule is a law school graduate, practicing attorney, commonwealth of pennsylvania, and a former law clerk of the pennsylvania supreme court. miss rule works as a quality review specialist at the philadelphia regional office which serves tens of thousands of veterans in my community and hundreds of tho

allison williams does riddick, terrific, relative work, and she joins us now. you do not have the earnings in front of you. i'm sure you got a heads-up from mr.:00 a.m. this morning. citigroup, the first blushes of jpmorgan up. >> when the trading came in much better than they had forecast, that definitely raised expeditions, so city thought the down.training revenue i think people had better expectations coming into the report. >> one of the things is the ability of any company to cut their expenses. what is the elasticity or responsiveness of any given bank now.mebody saying cut 6% can a bank do that? depends on the opportunity and where your cost structure is. i think that was one of the more exciting things that people got from citigroup yesterday. it is something that people have been looking for for that story. there are two parts to it. we have the ongoing expenses and the second part of it is the legal expenses, and that has been a huge had one. i think investors are looking at that as an opportunity. saving the day, mergers and acquisitions and transactions? or his minions going six floors below in saying -- champagne for everyone? >

allison hickey, and he did. and apparently shortly after, they took action and prevented those documents from going to the shredder. but i think had we not done that -- >> mr. robinson, i appreciate you being here. i want to follow up. i understand your claims it was data manipulation or misreporting data. can you describe a little bit again why you were fired and what your superiors were upset about when they fired you from your job? was that you mr. robinson or mr. soto? >> the reports that i authored concerned accuracy and how the accuracy data in my view wasn't being presented, well, accurately. there seems to be a problem in terms of trying to find common ground when we're deciding claims. and the common ground seems to be -- the problems and finding common ground seems to be over some very basic and then over complex evidentiary issues. in other words, we weren't reading claims accurately. i want to bring that to the attention, and i wanted to get consistent instruction n guidance in terms of which way do they want us to go. and i think that led to -- >> and i appreciate that. all three of you as a member of congress. like all my colleagues, we recei