states military academy. but as we take a quick break, here is the west point cadet glee club singing "mansions of the lord." ♪ ♪ ♪ ♪ i couldn't concei this as a heart attack. the doctor leaned over and said to me, "you just beat the widow-maker." i was put on an aspirin, and it's part of my regimen now. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. go see your doctor now. >> jon: glad you're with us. i'm jon scott on the grounds of west point to bring you the sound of the west point band. the academy sits on plateau, overlooking the hudson river. location chosen in 1778 is no accident. george washington builds his first colonial camp on the west point of the hudson river. this is the oldest continuously operated post in u.s. military. >> general washington chose this location to stop the british advancement during the revolutionary war. 24 years later, legislation signed by thomas jefferson in 1802, the college was established, devoted to training professional

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states military academy. but as we take a quick break, here is the west point cadet glee club singing "mansions of the lord." ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of a pain free holiday. ♪ this season, discover aleve. all day pain relief with just two pills. all day pain relief by the hand-selected wood trim... the 38 1/2 inches of legroom... and the reclinable, heated napa leather seats inside the jeep grand cherokee, just wait until we tell you about the heated and ventilated front seats. ♪ ♪ >> jon: glad you're with us. i'm jon scott on the grounds of west point to bring you the sound of the west point band. the academy sits on plateau, overlooking the hudson river. location chosen in 1778 is no accident. george washington builds his first colonial camp on the west point of the hudson river. this is the oldest continuously operated post in u.s. military. >> general washington chose this location to stop the british advancement during the revolutionary war. 24 year

mr dudley, as i mentioned in my opening statement you gave a speech at the united states military academy at west point where you indicated the army continues to face significant downsizing risks most related to the stress of the euro zone. are hearing today has been called to consider the euro zone crisis and icy and sights on that issue. however you also spoke of another significant downside risk confronting our economy and that is continuing crisis. you stated mortgage refinancing is so severe that they are undermining the impact of monetary policy. you identified the number of measures that might comprise a comprehensive approach to housing policy including the elimination of barriers to refinancing and messages that enables borrowers who are under water but continue to make their monthly payments and accelerate principal reduction over time. you stated, quote, i am encouraged by the recent decision by the h s a to make it easier for certain borrowers with high loan the value ratios to refinance. he hoped this initial step would be followed by others that collectively move in the dire

speaker, several years ago i had the opportunity to be at the graduation of the united states air force academy. my son-in-law was graduating and secretary gates delivered the commencement address. . at that time he noted that freshman class was the first to enter the academy after nefpble. knowing full well that -- 9/11. knowing full well that they would be putting themselves in harm's way. we have the finest volunteer military that the world has ever seen. may god continue to bless this country with such men and women who will always stand for freedom. mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlelady from california. sorry, the order wrong here. repeat that, the chair recognizes the gentlelady from ohio, ms. kaptur, for five minutes. ms. kaptur: i thank the gentleman from ohio. the speaker pro tempore: i apologize. mr. ms. kaptur: numerous stories have come out all detailing corruption and outright fraud on wall street. first there was the recent news about the former secretary of treasury, hank paulson, inappropriately

states military academy. but as we take a quick break, here is the west point cadet glee club singing "mansions of the lord." ♪ ♪ ♪ ♪ >> jon: glad you're with us. i'm jon scott on the grounds of west point to bring you the sound of the west point band. the academy sits on plateau, overlooking the hudson river. location chosen in 1778 is no accident. george washington builds his first colonial camp on the west point of the hudson river. this is the oldest continuously operated post in u.s. military. >> general washington chose this location to stop the british advancement during the revolutionary war. 24 years later, legislation signed by thomas jefferson in 1802, the college was established, devoted to training professional leaders in warfare. now more than 200 years later, today's cadets are well aware of the impressive legacy placed on their shoulders. >> tradition is everything here. it permeates through everything that we do. i mean, the uniform is the same as 1802 when the school opened. it gives