. >> madam chairman, i recognize the gentleman from tennessee, mr. dugan. mr. dugan: i thank the gentleman for yielding me this time. i want to first of all express my appreciation to chairman price and ranking member rogers, two of the hardest working members in this congress and two men whom i admire the most and have the greatest respect. i want to say that overall i think these leaders have produced a very good bill, particularly in regard to aviation security. that's something in which i have a great interest because i did chair the aviation subcommittee for six years. i know they have greatly increased the security at the airports and so forth. in fact, i will be offering an amendment a little bit later that does freeze the appropriations for the air marshal service which i do feel is one high ranking t.s.a. official told me two days ago, is guilding the lily. i think it's a very unnecessary, useless part of the federal government and of this by but overall, i think it's a very fine bill. i particularly want to thank chairman price and ranking member roger

communication with bank regulators the fdic and occ which we did in form and i personally informed mr. dugan and ms. sheila bair and we had in the conference calls to discuss the issue at some detail. the sec isn't directly a supervisor of bank of america. >> it may not be a supervisor but it certainly is the way engage in their business relative to stock is of interest to the sec, is it not? >> if the question, please. >> does in the sec have a role in evaluating the bank as it relates to its investor relations? >> yes but that is the bank of america's responsibility, not ours. >> we are all one government, aren't we? >> we all have our responsibility as well. >> so you didn't believe you have a responsibility to inform the sec? >> well, we were dealing with an emergency situation and focus was on the agency's most relevant to the situation and that was banking regulators that is we focus on. >> some of these e-mails suggest there was an active interest in not telling the sec certain things and they were finding out through other means. this is a government, we are part of the government. i