The problem is competency in Congress. It is competency in Congress.

I look forward to hearing from Senator Warner. He is a great friend. He is a great champion for addressing the real problems in front of our country.

The question is: Where is the leadership to get it done?

The Senate turned down a proposal to require an agency actually to know the programs that they have.

We spend $27 billion a year, and we have no metric on any program whatsoever.

Tons. Of the 8.2 percent that are unemployed and the 15 percent that are unemployed and underemployed, they care about the waste, fraud, and abuse.

If every agency would follow what they are doing, we would save hundreds of billions of dollars.

This Congress has proved it is not up to that. Maybe future Congresses will be.

There is just no leadership in terms of accomplishing the things.

I think you are making progress, probably better than anywhere else that we are in the Federal Government.

As I said, I believe you have the best of intentions.

I want to thank him for his tireless work on this issue.

I agree with most of what we heard Senator Levin say.

the kind of answer we get all the time. The fact is, is what that means is things are going to be repeated, and what our whole goal is, is so that things are not repeated.

You need a more robust PATRIOT ACT in the areas of this illicit conduct.

So in this great big organization called HSBC, is it fair for one profit center to put another profit center at that kind of risk?

It is my intent to try to make government work, and too often, it does not.

Mr. Gallagher, if you would turn to Exhibit 40. The Bank Melli in Iran, prior to September 11, 2001, HSBC had a relationship with this bank in Iran which, because of its home country, would get more scrutiny in the United States.