senter corker i appreciate the opportunity to be here and to again also speak about on behalf of themmittee to establish the national institute of finance. i would like to give a little history. the committee established a little over a year ago on a workshop that was jointly sponsored by the office of the comptroller of the currency in the national institutes of statistical sciences. as an academic and professional statistician i was interest in the workshop which was exploring the statistical issues and financial risk and bank regulation. i consulted some of the big investment banks specifically telling them with issues related to modeling and leaving many of the complicated credit derivative securities that played a part in the recent crisis. i was hoping the workshop focused on systemic risk. but is primarily focused on basil one and basil two and assessing the safety and soundness of the institutions. and focusing on the seeking sound is of individual institutions is important that in and of itself will not ensure the safety and soundness of the financial system. in some ways it

. >> thank you, senter. it's true. we hear all the time as do you that all the paper work, all of the forms, it is a mess. i remember three or four nights during the last health care reform era and just happened to go to a montana hospital one floor was filled with people doing paperwork. i went to canada to poke around, was at the edmondson hospital. there were three people in the whole hospital much larger than the montana hospital doing paperwork, three people that is all there was and we all know about the administrative cost and the american system and in other countries. i urge you -- use of this. once and for all we are not talking about this all the time, and use it states are doing much better, find distinctive in the best job and if clearly we have to pass health care reform to make this happen because one's health care reform is passed it is quite force more simplification because more insurance companies are going to be forced to have quite as many different alternatives and options and co-payments and dedu

>> senter johnson, i don't think and we are likely to see frigate for gaps.our proposal would say whether you choose to be a bank holding company or a financial company that can do these other activities. you would still be subject to the overall consolidated supervision three regime that has strong capital standards, leverage requirements, liquidity requirements and so forth so from that perspective there are other pieces of the proposal which we think are absolutely critical that would still apply to those firms that chose -- no longer to the bank holding companies. on the other dimension of your question, senator, i think we are working closely with our g20 partners to make sure we get a regime that works for cold play and so that we don't have new opportunities for arbitrage. i think as the chairman said it very eloquently it's important to lead in that effort and we are leading in that the end of the day again i think that for us to have a strong regulatory regime is in some sense the most important competitive the advantage we could create because capit

we are fortunate to have had the juvenile law senter about to the to litigate the initial cases that raise that travesty to the public attention and we are fortunate that we have had the supreme court act swiftly based upon recommendations by the judge who is a true man of the commission and ottilie order that those cases be vacated index plunged. this is a massive use of judicial power i don't know of any other instance in the united states where any type of travesty like this has occurred in so many cases ordered to be expunged. we are trying to prevent that kind of thing from occurring in pennsylvania. at this stage we still have the opportunity for children to waive the right to counsel. there was an assessment of into doesn't rebut the national center. at that time 11% of the children come 11% of the 44,000 kids were waiting for it to counsel about 4,500 their doubts. the present time the numbers down between 13 cone 3% so we still have between, almost 500 to 1,000 kids waiting the right to counsel and that is the initial stage. we don't know how many are waiting the right to co

i know senter lindsey graham tried to get this on the agenda.senator mccain and people on the other sides of the aisle. but i haven't seen enough willpower yet and i am not enough of a student of congress to explain exactly why that is what i can tell you the clock is ticking and not making a decision in this case is going to be making a decision in the problem of a very good one -- probably not a very good one. >> a gentleman here in the front row. >> good afternoon, psychiatry chertoff. my name is todd wiggins operating under this eminem revival media which is a blog id one youtube. i would like to thank for the opportunity and i heard you were here and try to make to the last minute. i have first question followed by complementary sidebar. the question has to do with consolidation of the department of homeland security headquarters in southeast d.c. of the west campus of st. elizabeth's. i have a colleague who is vehemently against that consolidation because he believes is not necessary because of the virtual technology that we now have that

>> senter wyden, fast that a number of times because obviously our operations are very aggressive andvery directed and as i said, very effective with regard to disrupting the operations. having said that, the reality is that they continue to operate. they continue to move within the fatah and troy o'leary -- tribal areas. i think to effectively be able to disrupt al qaeda and into their threat we need to have boots on the ground in addition to our operation. >> one last question if i might, madam chair. what else, mr. panetta, can the pakistani government if pakistani leaders want to provide more assistance on counterterrorism issues? >> just what i said which is boots on the ground. they in fact went into south waziristan, that was very effective on bringing pressures on these groups. they had to move and scramble. that helped in terms of our operations. we need them to continue that effort. >> thank you, madame chair. -- before, senator wyden triet samet terse no? >> thank you. thank you for being here today. i want to be clear because there's obviously profound concern, and i share

he will then travel to denver colorado where he will deliver remarks at an even tougher senter bennet, and then traveled to las vegas, nevada. on friday the president will hold evens with senator reid in las vegas to include discussions with citizens and business leaders about working together to address the economic challenges facing nevada and the rest of america. the president will return that afternoon to washington dc. i will find out your full-time for sunday. >> robert, are those reid defense fund raisers? >> i don't know that -- >> the campaign evens? >> i do not believe any of those events were fund raisers put me double check on that. >> no evin from monday? >> know he's got nothing monday. >> signing the debt limit? >> i don't -- it could be this weekend but i don't have the date yet. >> thanks, robert. i wanted to ask a little bit about the jobs bill in the senate. does the president supports what happened with senator reid drafting this bipartisan bill and offering a pair back space loan. what is his stance on that? >> guest: let's understand a couple of different things.

. >> or internet or on [inaudible] programs senter? [laughter] >> first of the current iteration of the technology doesn't even show a face at all. it is designed to ascertain the anomalies that can be further looked at through a secondary inspection. secondly, the reader is sent where the person is so there is no association. further, the image is not stored. that is part of the how can i say, it is part of the contract, the technology, everything else that there is no storage of the image itself. it is merely designed to ping to someone upstairs if there is an anomaly of someone downstairs. i've seen the newspaper of the images. they use a very old first generation version of what actually shows up the technology now has really mitigated the privacy concerns, so hopefully we can work with you but also with the committee because i do think it is a very important investment for the country to make to satisfy people that this is not designed to be anything other than an objectively better way to protect people on aircraft. >> my final q

. >> senter collins, the democrats always hoped there would be a good for health care anyway. >> theyid. that's true. [laughter] let me make two points however in response to your question. i have a different take on scott brown than most of my colleagues. i am ecstatic to have another republican from new england in the republican caucus and one who i believe will be a more moderate voice. i believe that is good for the republican party and for new england. i think is good for our country. the second point i want to make is i believe the election of scott brown gives the president permission to reach out more to republicans because he can tell the left he has to now so i naturally optimistic it may allow us to proceed on bills we otherwise would not have. on health care there is a bipartisan health care bill to be had. there are several provisions in the senate bill that have widespread support. why don't we sit down and enact those provisions? small business tax credits, widespread support and it would help reduce the number of uninsured americans. the purchase of insurance across st

think in certain ways this is this leap into one chartered waters in fact of those states, depue senter ranks states every couple of years on their government and now they are using a set of criteria that doesn't go much to the substantive policy that how well governed the states are but because they are a group that has also funded reform efforts in campaign finance because they are choosing relatively non-partisan criterium, i think it is a good measurement and an indicative won the top six states in the rankings are the six best governed states in america are the six states that allow unlimited independent expenditures even prior to last thursday's decision. additionally we have experienced a lower federal government that is prior to 2002, that is throughout the 1990's and 1980's corporations could make these issue ads that jan baran talked about earlier and was an article of faith argued vigorously in the courts by my colleague here, fred wertheimer and others there is no difference between the issue eds and express. they were the scene and had the same impact on public policies. ok

think in certain ways this is this leap into one chartered waters in fact of those states, depue sentervery couple of years on their government and now they are using a set of criteria that doesn't go much to the substantive policy that how well governed the states are but because they are a group that has also funded reform efforts in campaign finance because they are choosing relatively non-partisan criterium, i think it is a good measurement and an indicative won the top six states in the rankings are the six best governed states in america are the six states that allow unlimited independent expenditures even prior to last thursday's decision. additionally we have experienced a lower federal government that is prior to 2002, that is throughout the 1990's and 1980's corporations could make these issue ads that jan baran talked about earlier and was an article of faith argued vigorously in the courts by my colleague here, fred wertheimer and others there is no difference between the issue eds and express. they were the scene and had the same impact on public policies. okay let's assume

. >> senter i thought you say to the challenge exactly right. sure, i can say with confidence i don't think we found the best mix of policies to try to give americans confidence they are not going to see the same rate of increase they've seen in the past. we do think it is good public policy to make higher education more affordable to americans. we want to make sure people have the chance to go to college and that we are generating a larger number of college graduates and a share of our population in the future. that is good policy. we think there's a high return on that happy to hear door ideas and listen to you and work with you on ways we can help, sensible ways we can let future rates of growth of tuition. >> congress wouldn't have to pass a bill of the president would give equal time to helping middle class families. as he's doing, java owning banks and wall street etc. and there wouldn't be a disagreement with me on his part for doing that if he would do the same thing with some of our major universities or all of our universities for incr

the 77-year-old pennsylvania democrat is at a virginia hospital senter in arlington. murtha was hospitalized in december with gallbladder problems. we're going to keep you posted, of course, on his condition. >>> it does not look good right now for ten americans arrested for trying to take 33 kids out of haiti without permission. the u.s. state department says the case rests in the hands of haitian officials. now haiti's prime minister says it's clear the group of baptists were trying to take a bus load of children across the border into the deminute can republic without papers. he says it is also clear that some of those kids do have living parents and he says the group knew what they were doing was wrong. now they're not charged with anything. but haiti wants the case to send a message against human trafficking. the pastor of their church says they were acting out of love. >> i understand that a lot of uproar is caused by information that is not, you know, conveying the right message about our people. they believe they had the permission that they needed to do what

i know senter lindsey graham tried to get this on the agenda.aisle. but i haven't seen enough willpower yet and i am not enough of a student of congress to explain exactly why that is what i can tell you the clock is ticking and not making a decision in this case is going to be making a decision in the problem of a very good one -- probably not a very good one. >> a gentleman here in the front row. >> good afternoon, psychiatry chertoff. my name is todd wiggins operating under this eminem revival media which is a blog id one youtube. i would like to thank for the opportunity and i heard you were here and try to make to the last minute. i have first question followed by complementary sidebar. the question has to do with consolidation of the department of homeland security headquarters in southeast d.c. of the west campus of st. elizabeth's. i have a colleague who is vehemently against that consolidation because he believes is not necessary because of the virtual technology that we now have that can spread resources around a region and perhaps cov

i know senter lindsey graham tried to get this on the agenda.and people on the other sides of the aisle. but i haven't seen enough willpower yet and i am not enough of a student of congress to explain exactly why that is what i can tell you the clock is ticking and not making a decision in this case is going to be making a decision in the problem of a very good one -- probably not a very good one. >> a gentleman here in the front row. >> good afternoon, psychiatry chertoff. my name is todd wiggins operating under this eminem revival media which is a blog id one youtube. i would like to thank for the opportunity and i heard you were here and try to make to the last minute. i have first ques i have a colleague who is against consolidation because he believes it is not necessary because of virtual tech that can spread resources around a region and cover it more completely. he also doesn't believe it is a good idea to have from a security standpoint. i would like to complement you in an abstract way. i attended a georgetown party, and when you wakle