i'm pleased we have a secretary of education who believes in public school choice and charter schoo schools. the d.l.c., i believe, was the first organization to talk about charter schools. i went all over america advocating it in 1992 and finally one guy i knew pretty well in a state where we had a primary and he said bill i don't know what the heck are talking about how many of those schools are there in america? >> i said one. where is it? minnesota. how many can set them up. as far as i know, two, minnesota and arkansas. but you think about it. if we did it, it would make a difference. by the time i left office we had 2,000 charter schools, the congress had given fund for 3,000 and now we have schools in new york city, am where i foundation is, in poor neighborhoods where there are 20 applicants for every one seat open in the charter schools. you should be proud of that, al from. i love the fact that the president appointed a secretary of education committed to that kind of reform. so, that is my second point. it doesn't matter that president obama wasn't a card carrying founder of the

around the country to provide localization in community center, seep yor citizen center, local high schoo schools, and we really take a role in educating investors about the kinds of questions they need to ask when they're being offered investment products, about the kinds of scams and pitfalls that they need to be on the alert to. i'm very concerned given the current environment and the amount of money people have lost in their retirement plans and other investments they will be reaching to try to make that money back through some particularly risky investments. i have no doubt that the scam a artist have already figured this out. the sec can play a critical role here bringing together other agencies of the federal government but also on its own reaching out very directly as well as through the development of content to put on twwebsites and in investor forums. >> thank you. glad to hear it. >> chairman shapiro, you come into the sec, an agency that's been around for 75 years and probably come into it at a time when it's in an all-time low as far as both morale and effectiveness. so you'