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The upcoming year. Congratulations on your confirmation. We certainly want to welcome you. In your first appearance before the subcommittee and we look forward to working with you. The agency you had has authority over approximately 20 cents of every dollar spent in america. Americans expect that the food they eat and the drugs they take will be safe and effective. Fdas reach is vast. The agency has authority over more than 300,000 foreign establishments and 185,000 domestic establishments ranging from Food Processing plants to facilities that manufacture lifesaving medications. In addition to...

Can we clap for her . Great to be here, thank you. The answer to the question is yes, financials continue to lead. Im not going to submit ive been some raging bull on financials. I will say this. People say theyve run too far, too fast. If you look at a chart, maybe. What people arent looking at is the fact that in 2007, a lot of these financials were trading over two times book. I dont think were getting there for you. But at 1. 7, 1. 8 times book, for example goldman sachs, which is currently 1. 3, just to it there, 1. 8, consider a 300 stock, which is probably another 15, 20 higher than we ...

[inaudible conversation] good afternoon ladies and gentlemen. For those of you who are just tuning in and our Television Audience in public Radio Audience and on the internet, welcome to the National Press club. Since 1908 we have been the embodiment of the constitution. Before we get started, i want to remind our guests in the audience of some housekeeping roles. Those of you who may have come in late, please put your phones on vibrate because we know you want to tweak. We want you to follow the action and so on twitter you can follow us at press club d. C. And using npc life. I want to intro...

[inaudible conversation] good afternoon ladies and gentlemen. For those of you who are just tuning in and our Television Audience in public Radio Audience and on the internet, welcome to the National Press club. Since 1908 we have been the embodiment of the constitution. Before we get started, i want to remind our guests in the audience of some housekeeping roles. Those of you who may have come in late, please put your phones on vibrate because we know you want to tweak. We want you to follow the action and so on twitter you can follow us at press club d. C. And using npc life. I want to intro...

We kick about the days were Financial Companies take massive ricks risk. We cannot afford that. The country cant afford it. The middle class cannot afford it. We need to ensure that the executive compensation does not go back to encourage executive risktaking and shortterm is him. I talked about stock buybacks with publicly traded companies, how ceos dont have the incentive to go for the future, but rather swing for the fences today. Theyre not bad guys are women. The process incentivize action. This tended in 1980 when president reagan made it easier for company to buy back stock close to sha...