Jeff Merkley

So tell me this, as you talk about the accountability, and No Child Left Behind has a series of measures after 3 years of nonperformance that start kicking in, do you think generally those strategies are on target, or are they…

And this is a story we have certainly heard throughout the State. And it is a big deal.

Do you find that if the punitive structure of No Child Left Behind was taken away, does the data itself and slicing it in many different directions prove helpful to understanding the progress of the school and the service to different…

I just so appreciate getting this on the official record because I want folks back in Washington to make sure they hear this story.

But it sounded to me that much of what has gone on is trying to break down the silo in which teachers often find themselves.

Our skills as a Nation, as they relate to skills in other countries around the world, are slipping.

We are becoming the first generation of adults whose children are getting less education than we got.

So what is it that kind of catches your students' imagination in the sense that it is relevant and not just some dry thing that they will 'never use'?

In your elementary schools, do the teachers talk about each student each week with each other?

It is my hope that as you consider the reauthorization of ESEA, you will provide adequate and stable funding for this important work to continue.

The funds being shifted from, if you will, formula grants into competitive grants means that now the school district has to become expert grant writers.

We continue to react to the widening achievement gap rather than addressing the source of the problem.

Time is of the essence for every child being educated.

For every student that comes to first grade unable to read, we are failing seven of them.

We must have rigorous goals that can be achieved.

And then you mentioned the school choice issue, and this is part of the punitive structure of a school being labeled unsuccessful, if you will.

Thank you very much.

Since I used only about 30 seconds of my time, I would like to do one followup here...

Thank you very much, Mr. Chair. Good to be here.

Thank you. I think that would be very helpful. Thank you.

The Volcker rule in Dodd-Frank will help.

Long before your term as FDIC Chairman, you were a voice calling out the abuses and systemic risk of subprime lending.

Certainly in my home State of Oregon, we do a lot of wrestling with what strategies will most affect pollution, most affect congestion.

So I want to back up and see if I heard you correctly. You say that commodity trades in the near past sometimes were unsettled for 3 or 4 years?

So let us say the initial deadline on trading was, say, March 2012.