sherman, for five minutes. >> i want to get one thing clear for the record. mr. chairman you began by quoting people saying we should be nice to witnesses and i think it is important the record reflect that no comment about being nice to democratic or republican witnesses every came from me. you talk about small companies being able to make business loans. that is not a reason for us to take the giant banks off the hook for regulation. it is there near collapse that nearly collapsed the economy. it is the reason for you to deal with the occ which is under your jurisdiction and have them when they audit banks and those banks have a prime plus four or prime plus five loan to a company that is just a little shaky that they have a reserve of just an extra 1-2 percent rather than 30-50%. you, mr. secretary, could do more than any of us to get small business loans made by local banks. the debt clock has been behind you. you commented on that. i would hope any tax reform would not increase the debt and we just voted in the house not to cut the cbo because they are the u

they recognize the gentleman from california, mr. sherman. >> you begin by holding and saying we should be nice to witnesses. no comment about being nice to either democratic or witnesses ever came for me. >> i want to go through a number of things to respond to for the record. we talk about small banks and credit unions being able to make business loans, that's not a reason to take the giant banks off the hook. they are near collapse. when they have a prime plus four or prime loan it's a little shaky. you could do more than any of us to get small business loans made by local banks. the debt clock has been behind you, we've commented on that. i would hope any tax return that came out of your department would not increase that that. they are the umpire here as far as what increases and decreases deficit. the debt limit is just over the horizon and i hope you would use your voice to remind us it's not enough to deal with the debt limit and overtime. the harm is to our economy now because have to invest in the risk. you probably didn't