mr. cheney and mr. lussier, it appears that the level of illiquid member business loans and charge-offs have increased. does the current economic climate dissuade you from underwriting member business loans? mr. cheney? >> yes, thank you. it is true that member business lending delinquencies increased with charge-offs during the economic crisis but recently we have seen those numbers come down and interestingly as is reflected in our written testimony, credit union member business loans actually perform much better than bank loans. i will say that underwriting standards as i'm sure in all financial institutions have got another book from a management perspective because of the crisis but credit unions have a strong track record and safe and sound business lending. >> mr. lussier? >> yes, sir. the first of all when you look at this link would see seize on the business loans we have to take into consideration that the real estate loans, consumer loan portfolios, credit card pope for lives have been increa

mr. cheney and someone else noted that one-third of all banks are exempt from federal income tax. they argued that puts many banks on a more equal playing field with credit unions. you talk about that earlier. again for the record, how does the treatment of subchapter s corporations compared to the credit unions? credit unions are exempt from taxes. if your subchapter s corporation, it passes to the owners and they pay the taxes. >> that is correct. >> the tax is paid one or both ways. >> that is correct. if you are a c-corp, you pay it twice. you pay when you make it any pay it when you give back the dividends. when subchapter s, they only pay it wants, but they pay it. i do not have a problem competing against a subchapter s. >> mr. wilcox, in your testimony you noted that your bank has lost business lending opportunities with established customers to credit unions. you argue that the credit union tax exemption creates an unfair advantage and distorts the market. for the record, how does the credit union tax exemption undermine your ability to offer competitive rates? is it beca

turned into dick cheney that's the argument being made over how the obama administration is handling the case involving reporter james risin and his confidential source as i think back to mr simone. into that only the military making it seems to do the work to bring justice to accountability. i have every right to know what my government's doing you want to know why i pay taxes. but i would characterize the bottom line as the charismatic solution of american exceptionalism. you know sometimes you see a story and it seems so for life sleep you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm charming welcome to the big picture.

mr. cronk didn't read the fine print. and he thought he had himself a lottery ticket. >> reporter: but when cronk took the stand today, defense attorney cheney mason over and over tried and seemed to fail to paint cronk as a man attempting to cash in on a child's death. >> do you remember talking also to the detectives about the issue of the reward you were looking for? >> we were discussing the crime line tip,sy. we weren't talking about the other ones, sir. >> you were joking, you say, with alex roberts and the others about finding this body? >> no. we were joking about the money, sir. i never joked about finding the body, sir. that's not what i said. >> reporter: cronk said he went into the wood to relieve himself on august 11, 2008 and saw something that looked like a skull. he called police. >> i'm a meter reader with orange county. and i had the route including the anthony's home. i noticed something that looked white and there was like a gray bag down in there. i don't know what it is. i'm not telling you it's caylee or anything of that nature. >> reporter: he called them again the next day. finally he called them a third time and say

mr. setian did not exercise any more executive power than other administrations bert w. expose your allegiances when you fail to mention the massive number of the cheney bush signing statements that of some of them from legal liability from the bows the president signed. why isn't this a form of tyranny? >> arrow zero paper on signing statements. not the sort of thing people would want to read. it is verype technical but. >> they have no legal effect as a practical matter. if somebody breaks saw saw -- below what and by the way the president issues a signing statement saying though what is valid because it violates the power thehat judge would ignore that.at if has no legalem standing prepare you may think of it as a memo to the executive branch. this is the president's understanding of what the what is.an then you take this into account as you go about your business. because they are vague, . >> their troubles some in some respects and based aggressive interpretations but bush got these from others to find the same issues with president clinton or ray given that there is not. >> the next call comes fromeah. ohio. >> caller: they arrested a serbian wa

mr. cummings. by the way, slight detour. i mentioned that mostly chair is when i talked about these past investigations. the ranking member with dick cheney, i don't know if you quite see him as your sort of model, but i will say that -- >> i do. [laughter] >> i will remain silent on that one. >> anyway, i gave the iran-contra committee many examples going full speed ahead. at the other end, i decided the ad scam committee in my memo. and that was a committee which said we need to be extremely cautious. we don't want to get in the way we are going to asking for nerve center testimony at the heart, and so they held off. they had a discussion to talk about and he decided with the justice department to behaving properly and respectfully toward the committee, telling it what there was. they decided that they would wait until the trials were over. i mentioned that because that was an fbi informant investigation, because of the way abscam had been done. and just like the atf investigation, something important for congress to do. i have said that what i think is the justice department should be starting by providing more documents, allowing bett