, the board of trustees, the syracuse faculty is, the graduating class of 2010, -- syracuse faculty is -- faculties. graduating today means you are through final exams, through submitting term papers, all of that nervous is, the cold sweats, the sleepless nights, -- all of that nervousness. that is a feeling we banking executives know these days. we call it testify before congress. i am honored to be here today, but i also know that some of your fellow students have raised questions about me being your commencement speaker. when i heard about these protests, i wanted to understand what was behind them, so i had a good conversation with someone. i am sure she is here somewhere. i heard her concerns about me and the nation's banking system and about capitalism itself, and some i thought were legitimate. others, i disagree with, but whether i agree with her or not, i say, "good for her." i am proud of her for speaking up. in fact, it is completely appropriate to hold me accountable for those things i am responsible for. we should all be held accountable, but what does it mean to hold some

, the board of trustees, the syracuse faculty is, the graduating class of 2010, -- syracuse faculty isculties. graduating today means you are through final exams, through submitting term papers, all of that nervous is, the cold sweats, the sleepless nights, -- all of that nervousness. that is a feeling we banking executives know these days. we call it testify before congress. i am honored be here today, but i also know that some of your fellow students have raised questions about me being your commencement speaker. when i heard about these protests, i wanted to understand what was behind them, so i had a good conversation with someone. i am sure she is here somewhere. i heard her concerns about me and the nation's banking system and about capitalism itself, and some i thought were legitimate. others, i disagree with, but whether i agree with her or not, i say, "good for her." i am proud of her for speaking up. in fact, it is completely appropriate to hold me accountable for those things i am responsible for. we should all be held accountable, but what does it mean to hold someone accou

in informal engineering from syracuse university, an ms in management from george strait university,ion from another university. john nicholson is responsible synchronizing the military action since of the services and combatant and demand for the region. is served in afghanistan at the deputy commanding general for regional command south, as part of the national a sergey -- security force for the national military command center. john nicholson has of degree from the united states military academy and georgetown university, a master's in military arts and sciences in the school for advanced military studies, and an m.a. from national defense university. on the back all of you for making yourself available today and for sharing your substantial expertise. it the policy of this committee to share it -- swear in the witnesses before you testified. i ask you to stand and raise your right hand. we solemnly swear or affirm to tell the truth, the whole truth, and nothing but the truth? the record will please reflect that all the witnesses answered in the affirmative. i think that you gentl

morgan chase in upstate yo sas let go inave of layoffthat eveuay shutterethtire syracuse operations centerob wento indian and ed colcting unemoyment benefits. her n wo i ed everything o tre. now that she is aboo run t f benefits, has arted taking money out ofer.a. and he health insurance face fe of long her he. i hear similar stors from over the coury. jos amicans are deerately looking r wo, jo to gorounyet. last weeki coucd a arin my suommitteeo discus log-term unemploym problems. re are aew of thfacts highlightthheing. arly0% o the employed haven'be abl find a job r more than six mont. he highe number ever corded, whh goesack must be cated to restore the lar market tit e-cesslel. this huge jobs lecreaby eit years ofross enomic smagt under th bh admination,as left fi unpl worrs cpeting for every availle job. rnding to ese record tes long-te uemployment, our firstriority st bto maintain theurre erg feral umployment programs that have psed two wee ago. peope have been waiting for two eks. these programa ng time ago, t the senate has to car thlegiaton if the senate fails to ctin edal unempym

provide to young civic and reform leaders from the region and they have the opportunity to study at syracusehis year represents syria, to nietzsche, the west bank, morocco, algeria, saudi arabia. george mitchell spent the day with the delegation at the palestinian investment conference as part of our efforts to build reform. during the course of the day, he had the opportunity to meet with president abbas. liberia has is not open to this type of business. the u.s. and liberia are united in a strong partnership to combat the national drug trade which poses a serious threat to both of our countries. alss, the africa is troubled by the government of perinde's decision to eject him a human rights worker. they are a nonprofit organization that is observing the human rights decision. we cannot approve of this decision and we urge them to allow the worker to return to the country. we have been granted access to alan gross in cuba five times. the most recent access was on may 25th and we continue to ask that he be released immediately on humanitarian grounds and be allowed to return to his family. a

there is really no market for the halt once the bank -- host: our guest is a graduate of syracuse university, both undergraduate and law school. pittsburgh, massachusetts, independent line. good morning. we lost sam. tony in atlanta, good morning. caller: thank you for c-span. this is my first time calling. my comment is that i had to much debt and my job started cutting back on hours and i was not able to pay all my bills on time. i had to make budget changes -- make a bunch of changes. it seems to me that i'm paying back my bankruptcy and it costs me more now to pay the debts o ff. the loss, when the change to come actually heard it and -- sit law -- laws, when they changed it, actually hurt the consumer. guest: that experience is not atypical. the 2005 law changes, perhaps what the caller was referring to, require some individuals to have the capacity to repay more of their debts. the law authorizes them to do so through a repayment plan in chapter 13. it shifts it to chapter 15 were at a greater percentage is repaid over a period of time of three to five years. host: next caller. caller:

leaders from the region an opportunity to complete academic course work at the maxwell school of syracuse university and complete of professional assignment with the political, non-governmental, or public policy organization here in washington. this year's cohort is a diverse group representing algeria, bahrain, egypt, israel, and jordan, kuwait, lebanon, libya, morocco, oman, syria, tunisia, the west bank, and gaza, and yemen. george mitchell to set a date with the u.s. delegation in the palestinian investment conference, part of our effort to support their economic reforms and institution building efforts. during the course of the day, he had the opportunity to talk with president abbas about the pic, and i think they are attending dinner as we speak. he will have other meetings this peek with both palestinian and israeli officials. so the schedule is still being worked out. today in the dominican republic , they are hosting the world summit for the future of haiti -- solidarity be on the crisis. this is the first time that the owners have met since march 31 when the donors conference i

one of the places that is positive is syracuse, new york. there is a foundation that involves the mayor's office and all the different parts of government to say, how do we remove obstacles for children to succeed? i think it's a wonderful model. it takes the parents and community and all those entities. the partnership and cooperation is absolutely key. host: many school districts are making decisions because of state budget shortfalls about teacher layoffs, and there is also the discussion about the teacher bailout package. what is the nea's position? guest: it is really about kids. it is about changing the circumstances. without this bill, at anywhere up to 300,000 layoffs, elimination of summer school, in some districts, a shortened school weeks. the consequences are really dire. this is a critical prices for states. the majority of funding comes from the state government. from state to state, this crisis is hitting state lawmakers but really impacting education. it is helpful for the federal government to assist in that . host: what is

democratic reform leaders from the region to complete academic course work at the maxwell school at syracuseniversity and complete a professional assignment with a political non- governmental or public policy organization in washington. this year's cohort is adverse group representing algeria, egypt, israel, jordan, kuwait, lebanon, libya, oman, syria, the bishop, the west bank and yemen. in the region, george mitchell spent the day with the u.s. delegation with the palestine investment conference in part of our effort to support the economic reform and institution to efforts. during the course of the day, he had the opportunity to talk with president obama about the pick and they are attending dinner as we speak. he will have other meetings this week with both palestinian and israeli officials although some of that schedule is being worked out. today in the dominican republic, the d r is hosting the world summit for the future of haiti, solidarity beyond the crisis. this is the first time donors have met since march 31 when the donors conference in new york pledged more than $5 billion to h

in syracuse, n.y., the say yes to education foundation is working with the entire community. they are working with the mayor's office, all the different parts of government to say, how do we remove obstacles for children who want to succeed? cannot lay it all on the shoulders of the people who work at the school. the partnership and collaboration is key. host: many school districts are making the decision because of state budget shortfalls with teachers and teacher layoffs. and there are discussions on capitol hill about a possible bailout package. guest: in the house, they are debating $23 billion for education. it is really about kids. it is about changing circumstances. without this bill, there are up to 300,000 layoffs, and that means crowded classrooms, elimination of summer school, a shortened school week in some districts. the consequences are very dire. this is a critical crisis for states. the majority of funding comes from state government. from state to state, state lawmakers are really impacting education. i believe it is helpful for the federal government to assi