Agree more. We hope the congress will enact a new authorization based upon the principles that we are outlining here today. I want to thank you mr. President , and i hope that our colleagues will take this seriously and hopefully we can turn this mess around. With that, i suggest the absence of a quorum. The presiding officer the clerk will call the roll. Quorum call mr. Hatch mr. President. The presiding officer the senator from utah. Mr. Hatch i suggest the quorum call be suspended. The presiding officer without objection. Morning business is closed. Under the previous order the senate will proceed to executive session to consider the following nomination which the clerk will report. The clerk nomination. Executive office of the president , michael p. Botticelli of the District Of Columbia to be director of the National Drug control policy. The presiding officer under the previous order, there will be 30 minutes of debate equally divided. Mr. Hatch i notice the absence of a quorum. T
Could do to advance to us policy proposals. I also think it is an issue that members of this committee could well take up and ask the basic questions, what role do we want them to play is it strictly housing, is it liquidity. Are there other ways it can be constituted given the way that the whole world but thats not really my question. I do have a question. My question relates to the approved merger which i dont believe will be the last. I have communicated to you in correspondence deep concerns held by people in the region about the continued commitment of the merged bank to invest in housing. Also communicated to you concerns about govern nans. After all, this is a fivetime zone Federal Home Loan Bank region now. And weve repeatedly asked for the letter setting forth the terms and conditions. Weve been repeatedly told we cannot have it. I want you to know that as that relates to sensitive financial matters, i completely understand. But i do not know what the compelling public good wh