mrs. grimm's operation of the oyster bar and its quality, innovation, and community support. i am also here with my buena vista neighborhood association hat on. that group has about 400 currently paid members representing over 400 households. the castro district is the preferred place downhill from buena vista for miami -- for member -- for many of our members to eat and shop. certainly, the anger oyster bar. we can confirm anchors excellent credentials in terms of quality and long record of community respect and involvement. we ask your support. since there are a few seconds left. i have to recollect on a personal visit, showing some visitors from out of town around town. we went up to the tower. what a disaster. it is an embarrassment. it makes fishermans wharf look like bloomingdale's. i know terry and his associates can do a much better job. i urge your support. thank you. >> good morning, commissioners. i am davy crockett, a san francisco realtor. one of the nice things about my job is that i often get to take newly minted san franciscans on an initial tour of their town

mr. grimm: thank you, mr. speaker. i would like to emphasize, all the speakers, my friend from new jersey mentioned how money laundering is a serious matter. everyone here had a lot of passion. and there's no question tax evasion and the things we spoke about here today are of the utmost importance and are extremely serious. i agree. and that's why i stand today in opposition because the committees of jurisdiction should be given the opportunity and the respect to hear these arguments and to look and make sure that everything is done procedurally correct. this is such a serious matter that i believe it warrants being in order. so again, i want to emphasize that i'm not here to debate the merits, i'm simply here to say that we have two committees of jurisdiction. two very good committees. one of which i sit on. financial services committee. and ways and means. they should have the opportunity to do their jobs. i think that's what the american people and our constituents demand of us. and i believe that in this case beca

for more protection in concern for the preservation of this invaluable historic monument to give mr. grimm the opportunity to demonstrate his commitment. he may have a monumental challenge to address these legitimate concerns, but i believe he is up for the challenge. thank you very much. >> thank you. >> hello and thank you, commissioners, mr. president, and also, management. my name is patricia. i am one of the few that has been there longer than anne or ken. we have been on telegraph hill since 1934. i completely support the choice of a mr.grimm. his history speaks for itself and i will not repeat it. i also agree with everyone else about the fragility of the tower itself and its art. also, the partnership and thank you all for the work you do. it is a dilemma living up there. we have the traffic problems. a good deal of that needs to be considered in the rfp. i think the rent is high. if i might suggest to give this gentleman a break so his priorities could really be met in terms of staffing, which is so critical. i am probably too nervous to go on so thank you for your time. >> is the

mr. grimm: yes, i will. >> we will accept the gentleman's amendment. mr. grimm: thank you very much. if i can reclaim my time, i want to thank my friend and colleague mr. connolly for all his work in joining me in this effort. i want to say thank you very much. i yield back the balance of my time. the chair: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i move to strike the last word. the chair: the gentleman is recognized for five minutes. mr. connolly: i thank the chair and thank the distinguished chairman and my colleague from grimm from new york for this thoughtful amendment and for accepting it. fair tax county, which i represent, is one of the outstanding usrr teams in the world. they have served both hear in the united states and in many, many manmade and natural tragedies as well as around the world saving lives. and this is a great partnership between local government and the federal government. and it's one that we desperately need to be enhanced. so i very much thank the majority and minority le

the other thing was risk management that's your questions that you got from mr. grimm and miss hayworth. is there anything in your internal review other than capital and risk management that are lessons learned that other institutions should know? >> i think some things about models and implementation of models. making sure risk committees are independent minded not just having coffee. they'll be more than just that. >> yes, sir. mr. frank talked a little bit about smart regulation that you referred to earlier. we had the five regulators sitting in the seats before you. not one of them really is in charge of the others. they don't really coordinate a lot of questions about how they share communication. in fact, no questions came up from any of the previous panel about harmonizing the regulations between europe that they passed in march on march 29th with the u.s. regulations and there don't appear to be any lessons learned that are shared with other firms after what you go through to make sure there's real shared knowledge. do you want to comment anymore about what sma

an amendment by mr. grimm of new york, amendment number eight by mr. franks of arizona. the chair will reduce to two minutes the time for any vote after the first vote in the series. the question is on the unfin -- the request for a vote on the amendment offered by mr. grimm. the clerk will redesignate the amendment. the clerk: amendment offered by mr. grimm of new york. the chair: a recorded vote has been requested. those in support of a request for a recorded vote will rise and be counted. a sufficient number having risen, a recorded vote is ordered. members will record their votes by electronic device. this is a 15-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the chair: the yeas are 218 and the nays are 198 and the amendment is adopted. unfinished business is request for a recorded vote on amendment numbe

the other thing was risk management that's your questions that you got from mr. grimm and miss hayworth. is there anything in your internal review other than capital and risk management that are lessons learned that other institutions should know? >> i think some things about models and implementation of models. making sure risk committees are independent minded not just having coffee. they'll be more than just that. >> yes, sir. mr. frank talked a little bit about smart regulation that you referred to earlier. we had the five regulators sitting in the seats before you. not one of them really is in charge of the others. they don't really coordinate a lot of questions about how they share communication. in fact, no questions came up from any of the previous panel about harmonizing the regulations between europe that they passed in march on march 29th with the u.s. regulations and there don't appear to be any lessons learned that are shared with other firms after what you go through to make sure there's real shared knowledge. do you want to comment anymore about what sma