given past commitments that have not been kept that the bank has a heavy burden of proof that they mean what they say

I just do not understand it.

It helps you achieve whatever illicit objective it is that you are trying to achieve, whether it is weapons proliferation, terrorist financing, or any of the other activities that are the subject of our sanctions.

So the exams are going to be considered this year when assigning CAMELS management ratings?

U.S. law binds you to report to OFAC. What are you going to do, live up to Cayman law or U.S. law?

I want to thank Senator Coburn for all of his support and for the work of his staff.

Well, I think you have answered the question, without going into details.

There is that nagging question of accountability which others are going to have to judge.

This is pretty feeble enforcement.

Presumably, it will be caught by the same mechanism being applied in every one of your banks, wherever they are located.

As Chairman Levin laid out in his statement, the Subcommittee's investigation into anti-money laundering and anti-terror finance efforts at HSBC has covered quite a bit of ground.

I was very concerned.

the more a terrorist can get their money through our system, the stronger a terrorist group will be?

Under your new rules now, you are going to be notifying each of the affiliates of this kind of action?

This is a terrific place to do business. There are more than 10,000 U.S. headquarters of international companies based here in the United States.

I agree with that and I also agree that Congress has responsibility, too, in our oversight.

We need to change the IT budget process. Working capital funds, multiyear money--there are lots of creative ways to give CIOs more flexibility and accountability for how those IT resources are spent.

Eighty billion dollars is not a drop in the bucket, and we need to make sure it is spent in the right ways.

Thank you for holding these hearings.

I want to give her, and I know Senator Stabenow's strong recommendation to this committee.

I think we all know how important family is to those who seek to be in public service.

Information provided by CIA detainees Khalid Sheikh Mohammed and Abu Faraj al-Libbi about bin Laden's courier being the lead information that eventually led to the location of bin Laden's compound and the operation that led to his death.

So it was over 10 times the limit, and in that Exhibit No. 39, which we discussed earlier, which was the list of the breaches, it indicates that on April 19 the limit was $5 million, but the projected SCP losses, if the credit spreads…

Is that acceptable? And what do you do when you find out about that?

U.S., coalition, and Afghan forces are working shohna ba shohna, or 'shoulder-to-shoulder,' reversing the Taliban's momentum.