mr. walsh, we can add your name then to the five republicans who have already said they won't vote, and that means that we are down to what, boehner can only afford to lose 22, so that's down to what? how's your math? >> i was never a strong math student, martin. so i'm not a head counter, but all i know is that we can do better, and we have to do better. and if it means that we go a day or two or three beyond august 2nd to get this right, that is what i think that we should do. >> you gave an interview recently to bloomberg news in which you said, and i'm quoting you, i don't know why we are talking to this president, the bolder republicans are these 16 months -- sorry, the bolder republicans during these 16 months would be better off politically implying obviously that it is the general election that the presidential election that you are focused on. >> no. i think that he's focused actually, martin on the election. >> no, you were, because you said it was not worth speaking to the president.

mr. president." and he was chastised heavily for that. and today here joe walsh, freshman, is calling the president a liar. i think it's terribly unfortunate. if we want to command respect within the world, if we want our presidents to be able to lead, one day soon or maybe sooner rather than later, there may be a republican back in the white house. do you really want, mr. walsh, for that republican to be trashed in a personal way? i think both sides have an interest in trying to find now some healing and find a truls. >> and you are waving the flag of truce outside the white house. we want to get to that in just a moment. stay right there. we're going to have more on what's starting to feel like a food fight in washington and how to get these grownups all talking quietly at the table again. david has some very interesting ideas on an actual possible solution when we come back. [ male announcer ] this is larry... whose long day starts with arthritis pain... and a choice. take tylenol arthritis and maybe up to six in a day... or choose aleve and two pills for a da

mr. walsh's personal finances on the front page, and they were a mess.ban congressional candidate who stressed the need for restraint, lost a condominium to foreclosure last october, the same month he announced his bid for office. this clearly wasn't how joe walsh was planning to run to congress. he didn't exactly volunteer the information we saw, but once out there, he decided to cast himself as the regular joe who is feeling voters' pain, so he said in a statement, "i know all too well what 8th district families are going through to make ends meet because i've experienced difficult and humbling financial times. like so many others in illinois in recent years and one in nine americans nationally, i know what it's like to lose a home to foreclosure." now, being in a tough financial situation personally can give a person empathy and awareness to how bad things are economically for a nation. if you've experienced foreclosure, you've been given a front row seat to what post-2008 economic america looks and feels like. one can see how, for example, the voters

mr. john walsh is acting comptroller of the currency of the office of the comptroller of the currency. i thank all of you again for being here today. i would like to ask the witness is to please keep your marks to 5 minutes. your full written statements will be included in the record. secretary wolin, may begin your testimony. >> i appreciate the opportunity to appear before the committee. one year ago the president signed into law a comprehensive set of reforms for the financial system. were enacted in the wake of the most devastating crisis since the depression. in the depths of the crisis, the economy lost 800,000 jobs per month. credit was frozen. markets were barely functioning. the administration and its predecessors put together a strategy to further pare the system. as a result, the u.s. financial system today is stronger, or stable, and better able to fuel growth. and ordered to protect our economy and create conditions for prosperity, we needed to put in place comprehensive reform of the financial system. that is why we proposed, congress passed, the president signed into law

before we get to calls, mr. walsh, there is a story about your personal life in the news. we're getting twitter comments and facebook comments about it. it's about the child support lawsuit from your former spouse. tell us what's going on and what your position is on it. guest: again, i know this sort of broke, it wasn't new to me, only in that this was a case that was filed sometime ago. and again, it's a personal family matter that involves my kids, and i'm hoping that we can work it out in the next -- as soon as we can, so that our kids, my kids, my kids and my former wife's kids are not thrown into this. so it's something we hope to work out. host: i was reading on your web sited. are you suggesting that there's a curious timing about this coming out now? are you suggesting there are political motivations? guest: it's odd to me -- again, this is all -- it's odd to me that a case that was filed eight months ago about a marriage that ended eight years ago is a story now. there's a local chicago paper that just seems to have a thing for me. i've been very outspoken in wha

mr. joe walsh who is the media darling for everyone out there. nbc, cbs, abc -- on his web claimed he was a small business honor. he was asked what his small business was. he skated around that. he never answered. host: do you know what his business is? caller: i never knew he had a business but he is a liar anyway. host: let's go to where democrats line next. from new york city. we'll put you on hold. please on your television. next is the republican line in southeast kansas. caller: good morning. thank you, cspan. we are very faithful cspan supporters. this is a comment for everyone to sit back and for the first time in our history we are able to actually watch our house and congress and our government work at processing something that will benefit all americans. we come from a small town in kansas where it is community- oriented and everyone works together to be successful. my wife and i on a personal company and we have plenty of jobs poor folks that are willing to change their mind and accept a new challenge. i see that happening today. i am

mr. john walsh is acting comptroller of the currency of the office of the comptroller of the currency. i thank all of you again for being here today. i would like to ask the witness is to please keep your marks to 5 minutes. your full written statements will be included in the record. secretary wolin, may begin your testimony. >> i appreciate the opportunity to appear before the committee. one year ago the president signed into law a comprehensive set of reforms for the financial system. were enacted in the wake of the most devastating crisis since the depression. in the depths of the crisis, the economy lost 800,000 jobs per month. credit was frozen. markets were barely functioning. the administration and its predecessors put together a strategy to further pare the system. as a result, the u.s. financial system today is stronger, or stable, and better able to fuel growth. and ordered to protect our economy and create conditions for prosperity, we needed to put in place comprehensive reform of the financial system. that is why we proposed, congress passed, the president signed into law

mr. john walsh is acting comptroller of the currency of the office of the comptroller of the currency. i thank all of you again for being here today. i would like to ask the witness is to please keep your marks to 5 minutes. your full written statements will be included in the record. secretary wolin, may begin your testimony. >> i appreciate the opportunity to appear before the committee. one year ago the president signed into law a comprehensive set of reforms for the financial system. were enacted in the wake of the most devastating crisis since the depression. in the depths of the crisis, the economy lost 800,000 jobs per month. credit was frozen. markets were barely functioning. the administration and its predecessors put together a strategy to further pare the system. as a result, the u.s. financial system today is stronger, or stable, and better able to fuel growth. and ordered to protect our economy and create conditions for prosperity, we needed to put in place comprehensive reform of the financial system. that is why we proposed, congress passed, the president signed into law

mr. john walsh is acting comptroller of the currency of the office of the comptroller of the currency. i thank all of you again for being here today. i would like to ask the witness is to please keep your marks to 5 minutes. your full written statements will be included in the record. secretary wolin, may begin your testimony. >> i appreciate the opportunity to appear before the committee. one year ago the president signed into law a comprehensive set of reforms for the financial system. were enacted in the wake of the most devastating crisis since the depression. in the depths of the crisis, the economy lost 800,000 jobs per month. credit was frozen. markets were barely functioning. the administration and its predecessors put together a strategy to further pare the system. as a result, the u.s. financial system today is stronger, or stable, and better able to fuel growth. and ordered to protect our economy and create conditions for prosperity, we needed to put in place comprehensive reform of the financial system. that is why we proposed, congress passed, the president signed into law

mr. john walsh is acting comptroller of the currency of the office of the comptroller of the currency. i thank all of you again for being here today. i would like to ask the witness is to please keep your marks to 5 minutes. your full written statements will be included in the record. secretary wolin, may begin your testimony. >> i appreciate the opportunity to appear before the committee. one year ago the president signed into law a comprehensive set of reforms for the financial system. were enacted in the wake of the most devastating crisis since the depression. in the depths of the crisis, the economy lost 800,000 jobs per month. credit was frozen. markets were barely functioning. the administration and its predecessors put together a strategy to further pare the system. as a result, the u.s. financial system today is stronger, or stable, and better able to fuel growth. and ordered to protect our economy and create conditions for prosperity, we needed to put in place comprehensive reform of the financial system. that is why we proposed, congress passed, the president signed into law

mr. beer -- benanke and john walsh asking them to audit the banks. i have not yet heard from any of them, and yet to my surprise and delight, you've already undertaken to do this within the consumer protection bureau. my question to you is will you also look at this issue as it relates to military service members? >> yes, ma'am, we will. starting next week on thursday, july 121 -- 21st, we'll receive transferred authorities from the other agencies that have been responsible before for the consumer laws coming to the agency, and we will be in the largest financial institutions engaining in on the ground superviolation of whether or not they are following the law as regards to different consumer financial products. remember, i want to be clear about our approach, we are not safety and soundness supervisors. we are there to examine consumer products and examine to see whether or not the financial institutions have put appropriate procedures in place to assure that they are following the law and that they are, in fact, carrying out the procedures and are

mr. bernanke and also to john walsh, the acting comptroller of the currency, asking them to audit these very banks. i have not yet heard from any of them. >> just want to let you know, this hearing continues live online at c-span.org. here on c-span, we're going to break away for our live house coverage. they're coming back in momentarily to continue debate on the 2012 energy and water projects bill. the fifth appropriations bill the house has dealt with so far. a number of amendment votes ahead and more amendments to be considered this afternoon as well. also in washington today, we are covering ben bernanke, the federal reserve chair. he's testifying before the senate banking committee. that's under way now live on c-span3. this just in, u.s. district judge reggie walton declaring a mistrial in the roger clemens perjury case. next up, the u.s. house. we take you live to the floor. the speaker: the house will be in order. the prayer will be offered by our guest chaplain today, reverend george dillard, from the peach tree christian church, peach tree, georgia. the chaplain:, let us pray. alm

walsh, michael eric dyson, thank you so much for joining us tonight. coming up, republican presidential candidates weigh in on the speech. including mr're watching "the ed show." commentary coming up. stay with us. [ male announcer ] mio. a revolutionary water enhancer. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. for a drink that's just the way you like it. ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. toi switched to a complete0, multivitamin with more. only one a day women's 50+ advantage has ginkgo for memory and concentration, plus support for bone and breast health. a great addition to my routine. [ female announcer ] one a day women's. >>> coming up, how are republican presidential candidates responding to president obama's speech? reaction from the campaign trail. and don't forget to answer our question tonig