mr. reich, his own memo here in july. this is july. i've been wrestling with the issue of an mo u-verse us a board -- mou versus a board resolution. i've decided that mou's the right approach for ots to do in this situation. we almost always do an mou for a three-rated institution, and if someone were looking over our shoulders, they would probably be surprised we don't already have one in place. you betcha. july 3rd. wasn't until, when, september that that mou was finally made public? so here's another july, august, september, another couple months. but, you know, mr. reich, this is your memo, this is your e-mail to carry. you'd like to be able to say a board resolution's the appropriate -- so apologetic, and you don't even see that. and then he says the investment community would be surprised to learn that one doesn't already exist. now, you can, you can say whatever you want, mr. dochow about this was something in progress, this was interim, there was a decision that was made in february, wa

mr. reich, what is the stated income? >> if a loan where the borrower states his income, obviously, but i believe that i've been told that there's actually a little bit more documentation behind stated income, low dock and no-doc loans that is obvious. those are catchall terms. their ketchup a terms, but it's my understanding that there's a little more documentation dinners in the popular. >> each loan where the income is the stated income. >> i think in many cases there is background checking of reasonable for the amount of income reported depending on the person -- >> he said there was background checking beyond -- >> that's what i have been told. >> now i'm not saying that was the case in every state in come, but that there were -- there were some procedures which existed by institutions that may have stated income taxed loans, that relied upon other hikes have reporting agency to sort of verify the reasonable income for certain types of occupations. >> and not have been your experience of the stated income loan? >> i

but i don't know about mr. reich. >> it is mr. reich. >> mr. dochow? thank you. mr. reich, why don't you begin. >> good morning, chairman levin. i would like to say i'm delighted to be your but don't be a bit of an overstatement. in my retirement i would much rather be home reading the "washington post," thinking coffee and ruminate over the caps lost to montrÉal last night that i did retire in february of 2009, little over a year ago after a 49 year career. i was in the banking business for 25 years. i was ceo of the bank in sarasota for 12 years. i worked on capitol hill after we sold their banking organization. i moved to washington, d.c., went to work for senator connie mack, longtime friend and former banking colleague of mine, was his chief of staff for the last three years of his term in the united states senate. i was appointed to the board of directors of the fdic, served on the fdic board for eight years from 2001 through february, then of february, 2009. i served as the vice-chaivice chairman of the fdic for the first five years of my eight years on the boa

but isn't it true, mr. reichat in court photos, unless they can be disproved as being tampered with or irrelevant, do come into evidence as admissible evidence? >> absolutely. both the criminal and civil use. especially in criminal use. we commonly use photographs. i mean, the only thing they would do is probably try to verify the veracity, the legitimacy of those photographs, maybe get a certified forensic examiner to show that none of the bits or bytes have been changed and make sure that those photos have not been photoshopped. but once that could be proven, that they're legit photos, they can certainly be entered into evidence. >> back to marc malkin, "e!" online columnist. marc, is jon gosselin saying that "dancing with the stars" is actually damaging the children? >> yeah. i mean, he's sort of claiming that because kate is training for the show, competing in the show, that she can't be there for her kids. from what i am told, i'm told that any minute that she's not with her kids, that she is rehearsing or s

but isn't it true, mr. reich, that in court, photos, unless they can be disproved as being tampered with or irrelevant, do come into evidence as admissible evidence? >> absolutely. both the criminal and ity, the legitimacy of those photographs, maybe get a certified forensic examiner to show that none of the bits or bytes have been phone with those kids. listen, say what you will. i do not think she's an absentee mom. this happens all the time. people commute to work across the country all the time. >> to kelly czink. apparently, jon gosselin reportedly not only wants primary custody but he wants spousal support. >> he wants -- >> alimony. >> yeah. he wants money from her. you know, she's going on this book tour. she's got a bunch of things in the works. and he wants a piece of that. maybe to take his girlfriends on more dates. who knows? but he wants a piece. >> how do you -- how do you afford eight kids? i mean, that's what we do. >> the most challenging is caring for eight children while dancing with the stars

i would like mr. reich to elaborate, please, on aprilthe republican agenda on the new world order, which i think has been planned to drive down the standard of living in this country to make us more competitive on a global basis. could you please answer -- which administration was the one that actually offereauthored nafta ae caftqa bill? >> the after the election can of the clinton administration. it was difficult to convince a lot of -- the nafta bill actually came out of the clinton administration. it was difficult to convince a lot of americans that it was a good idea. it did not create all that many new jobs north or south of the border. it diwas worried over by people who thought it was going to be a job destroyer. most of the jobs that did leave the united states did not go to mexico. they went to china. and china was obviously not part of the north american free trade act. let me get back to your basic statement. i worry in this country about the polarization of all of us. one of my best friends is

i would like mr. reich to elaborate, please, on aprilthe republican agenda on the new world order, which i think has been planned to drive down the standard of living in this country to make us more competitive on a global basis. could you please answer -- which administration was the one that actually offereauthored nafta ae caftqa bill? >> the after the election can of the clinton administration. it was difficult to convince a lot of -- the nafta bill actually came out of the clinton administration. it was difficult to convince a lot of americans that it was a good idea. it did not create all that many new jobs north or south of the border. it diwas worried over by people who thought it was going to be a job destroyer. most of the jobs that did leave the united states did not go to mexico. they went to china. and china was obviously not part of the north american free trade act. let me get back to your basic statement. i worry in this country about the polarization of all of us. one of my best friends is

joining me now to talk about it all is former labor secretary robert reich. mr. secretary, good to see you again. thanks so much for joining us. >> hi, maria. >> so let's kick it off here with jobs, obviously the biggest problem facing the economy here in america. you're the former labor secretary. what should the government be doing right now, do you think, to help businesses create those new jobs we're looking for? >> well, small businesses are the major creator of jobs in america, maria, as you know, but they are having a hard time getting credit. one thing that the government can do is simply to help the banks, regional banks, smaller banks, the sort small businesses use, to get credit to the small businesses more efficiently and quickly. also, it is very important that state and local governments get aid. they are right now, as you know, they are hemorrhaging jobs, cutting everybody from teachers to fire fighters, and that has a negative multiplier effect in the economy. over this year and next year it's expected that states will be cutting or raising taxes

i would like mr. reich to elaborate, please, on aprilthe republican agenda on the new world order, which i think has been planned to drive down the standard of living in this country to make us more competitive on a global basis. could you please answer -- which administration was the one that actually offereauthored nafta ae caftqa bill? >> the after the election can of the clinton administration. it was difficult to convince a lot of -- the nafta bill actually came out of the clinton administration. it was difficult to convince a lot of americans that it was a good idea. it did not create all that many new jobs north or south of the border. it diwas worried over by people who thought it was going to be a job destroyer. most of the jobs that did leave the united states did not go to mexico. they went to china. and china was obviously not part of the north american free trade act. let me get back to your basic statement. i worry in this country about the polarization of all of us. one of my best friends is

coa sends, he apologizes, sends the mou, and he says it came up yesterday with a call i had with mr. reich, mr. polakoff. it went to the fdic because it committed to consider their comments in an effort to minimize their letter writing and posturing. fdic's posturing. this is e-mail traffic between your people. does that bother you if the that's the case, that there's this feeling that exists here, there's a rejection of access to files, to doing an examination with the fdic sitting next to it, that memorandum of understanding which is shared with the fdic that the fdic is viewed as being a posturer and that's why it was sent, to try and avoid that posturing? is that kind offing? that folks in your agency feels about the fdic? does it trouble you and how do you cure it? >> well, i'm not sure what other people within the agency think about the fdic, i know what i think -- >> no, but your people. this is the expression. >> right. >> does it trouble you, is my point. >> i have two responses. to the extent that an employee of the ots, and i say that as the acting directer, uses that kind of la

guard maritime subcommittee hearing at this time i would ask without objection the statement of mr. reich senior republican on our committee be included. he had to be at a town and it will give his concurrence and proceeding with a hearing without his presence. this statement will be in the record in info -- in whole. in today's hearing will focus on the work of of federal highway administration, transit, fixed gangway, waste-water treatment programs. and but there's also amtrak which has started work on 141 projects totaling $1.1 billion which is 83% of amtrak's funding those investments will result in the replacement of 80,000 concrete, restoration to service of 60 am and lead to passenger cars, 21 superliners, of 50 locomotives and improvement of 270 passenger stations. seay has completed work or has work under way on 94% of its $1.2 billion. since under 63 projects geared of those projects went up so fast because of the unique contract and authority aviation agency is near port authority is rutan advertise a word bids but withhold work on the project until the funding is available wer