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Nixon foundation and im pleased to welcome you and geoff shepherd. His name was identified with the person active with the foundation. Later he had developed a number of legacy forms across the United States that presented policies and achievements of ans administration. I heard he was writing a book. When i finally met jeff, he became a good friend. I now understand all the contributions hes made in the foundation in a particular nixon legacy and the book that he was writing is finally here. Im clear please today give him the opportunity, the book came out on monday. Im happy to have him for the real scandal, geoff shepherd. [applause] thank you, bill. Its an honor to be here and honor to have bill as the new head of the Richard Knicks own foundation. As it turns out the watergate scandal is constitution and bill of rights and to drive president nixon from off and without inc ....
Fact bans, you know, youre going to get good questions and not someone getting up and making a speech theres a system and ask the questions and the questions are not high their exploring more doping what youre talking about so . A process of education its a process open to people that come to listen and learn to be a better citizen so i think in this sense as ive said this is an important moment in the history of democracy because it provides for the Commonwealth Club a new home its going to be a wonderful place and going to, conducive to see people sitting around talking and lincoln to prepared speeches and, of course, at the Commonwealth Club its not just the audience we have a great Radio Network to we reach millions of people. I think this is a great moment and im proud to be here involved in that and now i have ....
Lets take the number that you know, seven, that you testified. That still would be four times greater than your overall average. Can you explain that . I dont know what the details were. I do know when i asked for the industry statistics, once you get beyond the warranty period, the failure rate goes to 10 to 15 . Lois lerners laptop was a new laptop. It was not an old one. And actually, the probability of her hard drive failing at that time was at the lowest, according to industry standards, was at the lowest possible time. Does that surprise you . No. But it does surprise you that her hard drive failed . No, my understanding about it is from the industry is its 2 to 5 depending on computers will regularly fail. So out of this circle. If you have ten times that amount, would you say thats an anomaly. If you had ten times an amount, that would be an anomaly. I dont know whether well, im giving you the numbers. If you stipulate you have ten times as many as the industry average, that wo ....
Mr. Wilson, i want to get back to you. In september 2012, icba survey found 55 of bankers decreased their Mortgage Business or stopped providing higher priced Mortgage Loans and higher priced mortgages that took effect in 2010. I wondered if your bank still does offer an issue mortgages and if so, have you decreased the number of mortgages because of regulatory uncertainty . Yes, sir. Most all of our mortgages would have fallen into the higher priced mortgage and we do not have the staff capabilities to escrow insurance and taxes. Again, the last few seconds, thank you so much, all of you for being here and we do want to figure this out. We need to clean this up and ultimately i want to see Community Banks that are vibrant in our communities again and with that i yield back, chairman. The chair recognizes the gentlem ....