siegel, mr. weill. fit of all, to your knowledge, do either of you have any background in housing -- housing finance mortgages? housing business, ever been in the business itself? [inaible] >> mr. chairman, my experience in the industry was based on my 12 years at moody's. i helped developed models and d research that way. >> but not on the ground? you mr. weill? >> no. >> how many the business ratings, mortgage securities your shops had been in the business in any real way? in other words, touching, feeling the actual business, mortgages, lending, housing? >> i would estimate about 10% at any time but the staffing -- okay. now, my understanding is that you did do visits to originators. inhe rmbs group. but my understanding is you would look at originators. but beyond going to originators -- 'cause i understand there were some adjustments for different originators. did moody's ever do any actual due dilence on loans, borrowers, go to places like inland empire, bakersfield, cramento, las vegas and actuall

weill miss himearly and, again, our prayers and our condolences goes out to judy and to the family ani yiel backhealance of my the kepro tempore: mr. jones of north carona. m moran, kaa ms. kaptur of ohio mrdefazio of oregon. mr. lincolnaz-balart, flida. ms. maloney, new york. mr. boozman, arkansas. under the speaker's unce policy of januar6, 2009, the gentleman fr tex, mr. gohmert, irecogned for 60 minute as the designee of he minority leader. mr. gohmert: thank you, mr. speaker. tee different iss feel compeld to bring up and dicuss one, rsof all, is what's going on in the gulf of mexico. being from texas,we are particularly sensitive to what happens there. en so many days on the gulf of mexico coas on texas coast, louisiana, alabama, missisippi, florida, all of those areas. ante what's happening is heartbreaking. two things nd to be done. e is immediely do everything we c to stop adition oil from flowing into tharea, at the same tcleaning up the area before we do a more devastation. and then the otherhing is we need to find ouwhat caused the spill, what could have been do better to prevent this from ever happenin weind out that

weill put it on the table. let them discuss thawith them. why is this minimunot acceptable? you cannot do a swap with large percentages. that would destroy the unity of palestinian terriries. >> good morning mr. president. allow me to ask my questn and arabic too. >> translar: whyon't we see initiaves by arab leader as we have in the past by going to jerusalem and entering into direct negotiations with isrli leader do you believe that the arabs cept the con of normalization with israel, and how woulthis normalization be like? >> piece is very precious for any people, but also people are influenced by events. let's talk about peace and normalization in the-- that took place aboard the ftilla. they would have to take measures to eress their desire for peace, their intention to make peace. that the arab states were not on conscience when they signed the arab peace initiative. they knew very well what was the price. however, peace is more precious than anything else, more precus than any other thing. we see things go up and down. the attack on gaza in december two years ago in january made people reject-- killing innocent people. there e behaors that the israelis should resist in order to presen