SPEAKER INDEX    CONTENTS   INSERTS   
GALBRAITH       31     37     38     39     40     41     42     43     44  
LUCAS           29     30  
MCCULLEY        15     25     26     27     30  
RYAN             1      9     12     13     14     19     23     24     26  
                27     28     30     31  
SCHUMER          6      9     12     13     14  
SHILLER         20     24     27     28     29  
TOOMEY          37     38     39     40     41     42     43     44  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF HON. CHARLES E. SCHUMER, A SENATOR IN CONGRESS FROM THE STATE OF NEW YORK
                                                                 PAGE     6

STATEMENT OF PAUL McCULLEY, EXECUTIVE VICE PRESIDENT AND PORTFOLIO MANAGER, PACIFIC INVESTMENT 
MANAGEMENT COMPANY
                                                                 PAGE    15

STATEMENT OF ROBERT J. SHILLER, STANLEY B. RESOR PROFESSOR OF ECONOMICS AT YALE UNIVERSITY; 
RESEARCH ASSOCIATE OF THE NATIONAL BUREAU OF ECONOMIC RESEARCH AND A MEMBER OF THE ACADEMIC 
ADVISORY PANEL FOR THE FEDERAL RESERVE BANK OF NEW YORK
                                                                 PAGE    20

STATEMENT OF STEVEN GALBRAITH, SENIOR INVESTMENT BANKING AND BROKERAGE ANALYST, SANFORD C. 
BERNSTEIN & CO.
                                                                 PAGE    31


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING