when the current crisis is over, the reputation of american-tile scap capitalism will have taken a beating, because of what washington practices and what it preaches. disillusioned developing nations may turn their backs on free markets warning nobel laureate joseph stiglitz. what is the message of this article and request do you say that wall street is accepted ing? >> the problem is the way that we manage capitalism american-style is very different from the way we have been telling other countries to behave, an and let's go back to the crisis in east asia a little over a decade ago. at that time, we said very explicitly, aze interest rates, cut back extend tours, get your deficit down. don't bail out the banks. you have to be tough on them, and have good regulation, but then, of course, what did we do? we deregulated. when a crisis came to the united states, we brought interest rates down to zero. we had a huge stimulus package. now, i think some of the things we're doing are the right things. the stimulus package was right. the way we bailed out our banks, though, costing american taxpa

you may reb remember that back in early february treasury and federal reserve announced scap, yet another acronym, this time to assess the ability of the 19 largest bank holding companies to remain well capitalized, even under adverse circumstances. the results were reported just recently, and so for our june oversight report, we examined the stress test. we went back and took a hard look at the stress test. we had been working on it now over a month, since the program was initially announced. and here are sort of our headline findings. you had a chance to look at the reports, but i want to make sure it is out there. we looked first at the model for calculating a report. we looked at the economic assumptions in it. we looked at the questions of replicability. we looked at the limitations of the data used in this stress test, and we made some recommendations going forward. but as to transparency of the test, and appropriate circumstances, perhaps, for repeating the stress test. so let me start by giving you some good news about the stress test. and that is, it's always good to believe thin

i rise today in strong support of full funding for the state criminal alien assistance program, or scap. i'm pleased that the house has rejected calls to eliminate this prap. i hope the senate will do the same because in these difficult economic times it is more important than ever for the federal government, not local taxpayers, to pay when illegal immigrants are detained. last year the five counties i represent in new york's hudson valley received more than $1.2 million in federal reimbursement for costs associated with detaining undocumented aliens. funding that is essential for local law enforcement to keep our communities safe. scaap requires the federal government to step up to its responsibilities and foot the bill for its failure to enforce our immigration laws. we must continue to support this vital public safety and taxpayer protection program. and i yield back. the speaker pro tempore: for what purpose does the gentleman from louisiana rise? mr. fleming: i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection. mr. fleming: mr. s