>> welcome to al jazeera. i'm john siegenthaler. here are the headlines. washington police are looking for another possible suspect tonight in the navy yard hoot shooting in d.c. 13 people were killed including one shooter. that was the man authorities say was aaron alexis 34 years old, recently worked in fort worth text. originally two people were thought to have helped the shooter, now only one man. eight people now dead hundreds unaccounted for after nearly a week of torrential rains in colorado. 18 people have been rescued from

colorado's front range in areas that were cut off by washed out roads. improved weather means aircraft were able to resume their rescue efforts. costa concordia ran ground last year and 32 people were killed. live pictures from italy tonight. engineers say they have one shot to right the ship. it's the biggest answer most expensive salvage operation in history. those are the headlines, consider this is up next i'll see you at 11:00 eastern, 8:00 central time. >> america rocked by another

mass shooting. this time in washington, d.c.'s navy yard. details are still pouring in but the death toll has surged into double digits with several other injured. consider this. how could someone with a troubled background like the suspected shooter aaron alexis gain access heavily armed to a major military installation? then the double edged sword of social media breaking news. getting out important information quickly but also often misinforming the public. plus five years have passed since lehman brothers chanced triggering the financial crisis. the risk we face of another wall street melt down. and three years after the death of j.d. salinger, new information about the reclusive author of catcher in the rye. we begin with tragedy at washington's navy yard.

mass shootings have occurred about one per month since 2009. we saw another one on monday and there are a lot of questions about this suspect. aaron alexis who was killed along with 12 of his victims. we know he was discharged from the navy after his arrest for firing a weapon in 2010. he worked for a civilian contractor after that but he had had another shooting incident on his record from 2004 where seattle police told them alexis had an age are fueled blackout. why is this man with as many as three guns doing on the campus of a tightly guarded naval yard? impervious to stop this, j.j. green in our washington, d.c. studio and tim clemente former fbi special agent and counterterrorism expert in los angeles tonight. i thank you both for joining us. aaron alexis former soldier, big guy identified as the shooter.

they are still investigating though and need to help find out why this happened today. let's listen to something from today. >> no piece of information is too small. we are looking to learn everything we can about his recent movements, his contacts and his associates. >> there was some word that there could possibly be a second shooter. j.j, an installation like this, how could they not figure this out morning quickly? >> well, i think what they were looking at, antonio, was whether or not there was another shooter or other shooters or people involved that might have been helping this one shooter. the navy issued what they call an order to account. late in the day, which is basically a way for all of the navy, active duty reservist civilians and their family members toen go online and give the navy an accounting of where they are so that they could rule

out whether these people might have been hurt or not. but i believe it's also an opportunity for them to figure out whether or not this person or persons that they were looking for were indeed perhaps aligned with the shooter or not. it's a big, big base. it's a big population of people that move through there. so what they needed to do was to figure out where people were and what their movements were. so there's a lot of place for people to get lost in that system. >> now alexis was a civilian contractor for the group called the experts, a subcontractor for hewlett packard. they confirmed he was an employee. tim, the question is what kind of access would he have been allowed to that naval yard? >> well antonio he might have had complete access especially to this building. from my understanding from talking to some people that have been involved in the i.t. community at that base that the subcontracting work that he was involved in through the contract with hp would have involved

upgrades to the navy marine military intranet which is the navy's intraconnection system. he would have had an i.d. which would have allowed him access to the bases that their contract is supporting. so if that is the case he would have had access onto the base and into this building and support the contract throughout that building. his clearance would have limited him to not getting to all the spaces within that building but he could have had access into the building and to the people that he eventually killed that day. >> shouldn't there have been red flags before he got into the service? he got into the service in 2007, then are discharged for wrecklessly discharging a weapon. but in 2004 he shot out the tires of a vehicle. he told the police, earlier, an anger filled blackout. wouldn't that raise alarms for

allowing this person into military service to begin with? >> one of the things we have to look at antonio is the security clearance process is a work in progress. just a few days ago, i moderated a panel discussion of security experts involved in clearing people in the digital age. and one of the things that came up from this panel of four people, four experts from the military and the private sector was their belief that they need to evolve their system from a system of just checking backgrounds, to a persistent constant scenario where they constantly check people's activity. some of the things that take place in people's backgrounds are shocking. but it's often sometimes situations where people can height this stuff or it may go -- hide this stuff or it may go unnoticed. there are people out there that -- >> but even his father talked about the fact that he had been involved supposedly in helping out after 9/11, he was in new

york, helped with rescue efforts and after that he had had problems with posttraumatic stress disorder an anger management problems. tim again with all of these red flags how did this man get into the military to begin with much less have clearance into a military installation? >> one of the things you do antonio when you're trying to get a background check done so you can get a security clearance is you have to be truthful, you have to fill out a form that gives every place you live every neighbor every apartment you've lived in, the other tenants and it is very detailed. the military they did an f-86 when it was done was probably over 100 pages long. if he was arrested and didn't put that down on his security clearance form, the problem is his background had been fallen through the cracks. when he shot out the tires, the prosecutors never got the case, never got the file, he was never

prosecuted. the arrest is simply an arrest, maybe it doesn't show up because possibly it was a misdemeanor charge. if he had shot at a person it certainly would have been a felony but if it's an unlawful discharge, property damage charge, didn't show up in the background investigation. there has to be truthfulness on the part of the applicant in order for the government to look deeper and find the absolute truth. >> someone who had been involved in reviewing security of the washington navy yard was very critical of the security there. and whether this guy had his own i.d. to get in there or if he had somebody else's i.d., the question is, how do you get in there heavily armed? is it pretty much impossible to secure a place that's that large? i mean the individual building where the shooting took place, house as many as 3,000 people. so with thousands upon thousands

of people in that general vicinity is there any way of keeping that place as a place of business that's efficient and be able to watch out for guns? >> well, antonio, the answer to that question is, not and have a proper flow of work. because there's technicians that are bringing equipment in and out constantly and individuals are bringing purses, personal belongings, a cooler with their lunch so not everything gets searched. because of the vast volume of people coming it's usually only the visitors and occasionally when there's an increase of security status because of threats they will increase the scrutiny on employees. but if you've got a badge and allowed to come in there you became of breeze through the outside, the only persons who would get search is visitors or unusual circumstance. >> this contractor who reviewed the security said that there had been broader security upgrades at military securities since fort hood or apparently that had

not happened or at least not to the extent necessary at this navy yard. especially there's some significant military brass that worked there j.j. >> as tim said one of the situations there if they're familiar with you and you're part of the military or a part of the team it's often that you get breezed through there. and it's the strangers of people, the anomalies that they look for and pay closer attention to. if he had some situation where he was known and perhaps had had friendly relations with people it's quite possible that he could have breached this facility with weapons. and -- >> i apologize for interrupting but there's a press conference going on right now in washington, d.c. at the police department. i believe that's mayor vincent gray of washington, d.c. let's listen in. >> many all of you have been with us now throughout the day and we will follow the same

order of presentation that we did earlier. i'll be followed by chief lanier who will be followed by fbi, washington director, and then chief chambers and congresswoman norton. we don't have a great deal of new information to present to you at this point. i think we mentioned earlier that we had ruled out one of the suspects as being no longer a suspect. we've continued to pursue the possibility of there being another shooter. we don't have any evidence, any indication at this stage that there was yet another shooter. even though we haven't completely ruled that out. that was the person as you probably will recall who was identified as wearing a -- and olive drab uniform. somebody portrayed as being

around 50 years of age, around 5'10" with graying side burns. we have not identified that person nor do we have a lot of corroborating evidence and maybe valerie will talk a little bit about that too when she comes up. we don't know what the motive is at this stage. we were asked earlier if there was likely terrorism involved. we have no indication of that. we haven't ruled it out, we continue to investigate that. we know that there are 13 fatalities including the shooter, who perished today. we do have more information now on the decedents. their ages are 46 years of age to 73 years of age. the families now are still in the process of being notified. seven families have been notified. and the process continues to

notify the other six. we don't know exactly when that process will be completed. but it is continuing now as we speak. i also want to update the issue around injuries. we didn't have precise numbers earlier, we were using estimates. we now know that there were eight people who incurred one or another kind of injury. of the eight, three were shot, they all are -- that includes officer scott williams who chief lanier and i just went to visit earlier this evening who is doing well, is in great spirits. there were two other civilians who were shot, and they are relatively minor injuries. the other five injuries range anywhere from you know stress reaction to someone who fell and had a head injury, a contusion to the are chest arm abrasions

and chest pain. a total of eight injuries, people who were hospitalized as a result of those and there's absolutely no reason to think they won't be fine. one other point before i turn it over to chief lanier, we anticipate tomorrow morning that the traffic patterns will be back to normal in the city. all the bridges will be open. all of the streets in the area of the navy yard will be open. even as the investigation, of course, will be continuing tomorrow, and the days ahead. again, we've been in close contact with the white house. they have been in close contact with us. and the president has reached out. his staff and the president, through them, reached out to connect with us as this process has unfolded throughout the day. so again, this is a horrific tragedy.

i want to thank all the first responders who have done such an extraordinary job dealing with this horrific tragedy. our of course police officers and the various law enforcement agencies that have done a sterling job, and i want to especially thank fire and emergency medical services for the work that they've done today, as well. they had obviously many transports that they had to make, and they did an extraordinary job doing that. and chief ellerby, where are you chief? i wanted to thank you for the work you did today in order to be able to handle that important responsibility. so that being said let me ask chief lanier to share some important things with you. >> i'll pick up with where the mayor left off. i can't say enough about the first responders, all the training exercise and daily interaction that we have here with more than 30 law enforcement agencies of some type in the district.

the teamwork as we hear story after story and having been on the scene and listening to transmissions throughout the course of the day, 24 years doing this in the city, very proud of the teamwork. the ability to quickly pull together disparate teams of law enforcement, the heroic efforts, united states park police working with metropolitan police department quickly entered the building along with security from the navy yard, as well as support from our partners, quickly brought in through mutual aid, state park police helicopters as well as fairfax three different teams less than six minutes to coordinate, fire medical support i know prince georges county ems to medivac

support, metropolitan police their medivac just incredible worse, united states fire service through teams, and ncis, who assisted in carrying an injured police officer out of the building, story after story. we've heard from police officers and firefighters and emergency medical, just terrific response. and so thank you for all of the local and partners, regional partners who responded. i will say metro transit as well, the special recognition, they really stepped up today to help us get large numbers of victims and survivors to various places we needed to transport witnesses, never had to ask for any support, they were always there to provide what we needed. so we really appreciate the work of metro transit. as of right now, with the last outstanding lookout that we had

for the potential last person connected to the deceased shooter, that was the lookout we put out for a black male between the ages of 40 and 50, an olive drab uniform, obviously we had multiple witness accounts we have sorted through. we have now exhausted all means we have available to either support or discount the that lookout and we are comfortable at this point to lift the shelter in place for the residents in the neighborhood. thank them first of all residents and businesses for sheltering in place for quite a period of time. but we feel comfortable that we have exhausted all means to eliminate that possible last suspect so we do now feel comfortable that we have the single and sole person responsible for the loss of life inside of the base today. if anything changes as we continue to go forward we certainly will make that available to the public but again we are lifting the shelter

in place and we appreciate the support from our community members. we will most likely have all traffic closures around the area open by 5:00 a.m. for morning commute but we will make sure that is put out for the public in advance. so please listen to your local news media before you come in for work in the morning. and as of right now we have as we go through finalizing next of kin notifications we have identified one d.c. resident so far that are among the victims. so in terms of our outreach into our local community our hearts go out to all of the victims certainly and at least one of our victims now we have confirmed as a d.c. resident. at this point we don't have anything to support that any of the victims so far identified are active duty military. we have civilian and contractors so far that have been identified, some work to do but no active military have been identified amongst the victims

at this point. so with that i'll turn it over to the assistant director of the fbi val parlave and let her credit brief you on their operation. >> good evening. as we have stated this continues to be a very active investigation. the fbi's response teams continue to process the shooting scenes. these teams have special capabilities to include bullet trajectory analysis and crime scene mapping. we also continue to follow every lead related to the shootings to include piecing together the movement and activities of aaron alexis. while we have learned some information about his recent whereabouts we continue to work to determine where he has been, who he has talked to and what he has done. this includes determining the origination of the weapons he used, but because this investigation still continues we will not continue further on the weapons used in today's shooting. we can confirm however that

mr. alexis had legitimate access to the navy yard as a result of his work as a contractor and he utilized a valid pass to gain entry to the navy yard. we continue to work to identify and locate additional witnesses to today's events and any individuals who may have information about mr. alexis. we appreciate the information provided so far by the public, and we continue to ask for any and all information related to mr. alexis and today's tragic events. please report this information by calling 1-800-call-fbi. that is 1-800-225-5234. and we again thank the public for your cooperation and will continue to update you on this investigation as it progresses. thank you.

>> and simply from the united states park police you heard chief lanier talk about team. we reported that team this morning we now have a more subordinate role but we commit to her and to assistant director parlave and the mayor that we will provide whatever resources are available to complete this investigation, thank you. >> i want to thank you mr. mayor for bringing us to this last report to the city and to the region. as in the beginning, our first thoughts tonight are with the victims and their families. and they will also be our first thoughts tomorrow when congress reconvenes and i go on the floor to lead a moment of silence. but we're not going to be silent about the tragedy that occurred here today. there are many outstanding questions. i would say most of the questions are outstanding.

for many of us in this city, who have been plagued by gun violence, among them is how someone, whatever his badge, managed to get a high-powered gun into one of the most secure facilities in the district of columbia. i'm sure the navy will be doing its own investigation. tomorrow i will be working with others, to get an independent investigation of what occurred here. i'm very, very proud, and very grateful for the federal and the d.c. police, who responded so promptly. they have made the district of columbia since 9/11 the most protected and the most secure city in the united states. but we do not fool ourselves, we

understand that in an open and democratic and free society, you cannot make yourself impenetrable. especially when there are more guns than there are people in the united states today. we take very seriously when security at one of our most secure facilities is penetrated. and where the security is breached. but we also regard the naval c system command as a neighbor, a part of this residential mixed use neighborhood and we like it that way. i appreciate, continue to appreciate the banquet room they built so they could accommodate residents. and i'll be working with the navy and the navalcy system command to maintain the relationship with the neighborhood while shoring up the security here in the

neighborhood and at the facility. thank you very much. >> all right, we'll take a few questions. >> we've been listening to a press conference out of the washed police department, a series of officials speaking there tonight. the main news was that the suspected shooter aaron alexis did have a valid pass as a contractor which would have allowed him to get onto that naval yard property. they repeated that there was no indication of terrorism and there was some confusion between the chief of police and the mayor. the mayor said they were still looking for a second shooter, even though there is no indication of a second shooter, the police chief seemed to say there was no second shooter and they were pretty confident this is a lone wolf. tim, your reaction. >> i knew the chief when she was a lieutenant or captain. i worked in the washington

bureau for 11 years. and the cooperation in washington, d.c. is unparalleled anywhere in the united states. that's the reason why 9/11 happened at the pentagon there was such great cooperation. i think this investigation is being handled by the local ncis and other assets at the base itself and npd coming in with their assets, all other agencies you see that coordination will continue and be built on, i think there's going to be resolution within the coming days very quickly. >> tim and j.j, we'll have to leave it there. thank you for joining us, we'll come back with much more consider this in a moment. the most important money stories

>> social media played an important role in breaking the

news of the navy yard shootings. as a al jazeera's courtney ke ky reports. >> local 36 soon confirmed an active shooter on the grounds of the navy yard with multiple victims. as emergency vehicles raced to the scene police cordoned off the area and helicopters flew overhead. scant details kept recl re recirculating. some networks had to retract reports identifying the suspected shooter at the navy yard. apparently an i.d. had been found that looked like the

suspected gunman. the ongoing scene enseized the nation with the horrific realization that another shooting was taking place. president obama addressed the nation before the tragedy could be confirmed. let the public know they were looking for at least two suspects put out an 800 nurm for people to call without any information. 34-year-old aaron alexis shot and killed on the scene. alexis had an ar 14 assault rifle on his person. same type of gun used in the sandy hook and the aurora shootings. as social media blew up with news of the navy yard shootings, the nrb website had gone completely silent, as it has

done in other situation situations. >> j.j. green rejoins us from d.c. and ryan broderick who has been covering the story for buzz feed. i thank you for being with us. we just heard courtney say how nbc and cbs had to retract their identification of the shooter because of an i.d. found by the shooter. all this information is getting out there so quickly nbc and cbs apparently also had sources so it's not as if they gave this information out willy-nilly but oftentimes that does happen. the access to social media we can get this information out so quickly it can get out before people have a deep breath. go ahead. >> a lot of these news events follow a slash setup. you'll see twitter and it will snowball and then local media

will join in or in the case of boston bombing or sandy hook, you see twitter data show you what's going to happen and become the major news story before anyone can tell. >> that's not phil terd. >> it's not filtered, it's raw. >> and j.j. there's a danger beyond just getting out the information to the public investigators have their own sources. they do all their legwork too. but they also pay attention to the information coming in from social media. does that misinformation have an impact on the people going down the wrong information? >> it could but it's not often that this happens because i can tell you at least here in wrash and on the federal -- in washington and on the federal level they're very judicious about what they know and giving

out facts. these law enforcement intelligence officials like many of us in journalism have this adage, when in doubt, leave it out. but it can play a role if there's a misappropriated use of social media and if it's not overseen very well or managed very well it can certainly lead to problems. >> for example today later on in the day, ed henry from fox a very respected reporter tweeted out? he said heard shots outside white house gate, that got retweeted, hundreds of times, you create this chain reaction of information out there. what responsibility do you think news organizations have to not tweet things until it happens or to fix things after the fact? >> our job is to curate what is

honest or what we do or do not know. you can go into twitter, you can use geolocations about where the tweets are from. you can treat it like meteorological information like weather. you can tell it's shots and not fire crackers. >> buzz feed focuses on viral media and what's getting out there. you have all sorts of filters to try to figure out what the truth is? >> our readers use social, most young people and the general population use social now. to ignore it is almost as irresponsible as to use it poorly. when you are competing on twitter accounts that use pirated police scanner reports, breaking down very definitively what you can confirm, can't

confirm and try to guide people through the mess. because there is so much out there and it's all competing in the same attention economy. >> and with all that out there j.j. we also should say that there is a benefit to it. there's a lot of good information that's coming out and it's certainly calling attention othings very quickly. and sometimes that is really helpful. >> well, yeah, there is that benefit. and you always want to have more information than less. but what we try to focus on is to tell people what we know. and leave the rest of it for a time until we can confirm it. because one of the -- one of the real problems with putting a lot of information out there is, you have to verify this information. you have to vet it before you put it out there. there is a lot out there and considering the inordinate amount we're bombarded with these days, it is a lot harder to do that. the whole thing from my

perspective is to make sure that whatever it is you put out there make sure you get it right first and then try to be first. but if you can't be first there's no embarrassment. you want to make sure what you're putting out there is accurate. >> all right, j.j, roderick, wish we had more time. that press conference took a lot of time. it's an important topic. thank you for being with us. >> five years after the crisis, through then secretary of commerce ed paulson. victoria azarenko

>> the investment bank lehman brothers collapsed five years ago, triggering a financial crisis that put the economy in a tailspin we are trying to pull out even today. president obama documented the financial perils that took place in the months before he took office. >> some of the greatest investment banks in the world failed, banks stopped lending money to families and small businesses. the heartbeat of american

finance was flat lining. >> look at the crisis management that helped save the u.s. economy through eyes of then treasury secretary hank paulson. >> the latest financial giants in distress. >> we're watching -- 15 years -- none of us understood the extent of what we were dealing with. bear stearns, lehman brothers, merrill lynch, holy moly how could this be happening. >> if the secretary of the treasury didn't know what was going on, for more hank five years from the brink i'm joined by josh terrengel, deirdre of bloomberg news. why did you want to make a document that focused on secretary paulson and what was his motivation of working with you? >> i had two motivations, the

first like any good magazine maker you really want to break through the noise and you want to reach some signal so for us looking at the five year anniversary of this crisis there was one player at the very middle of it and that was hank paulson. i had met the secretary a few times and in talking to people who knew him i was told refeetedly, his story, the real story of what he was going through intellectually, emotionally, had never been told. after meeting with hank and talking with him, it was very clear he had a difficult time communicating while in office. out of office, he's a complicated guy, he has a very, very deep emotional die, his wife is in the film, and she talks about what it's like to be married to someone who is bearing the economy of the world

on his shoulders. there is a forensic piece that people would do on the fifth anniversary. >> let's go back about a year before the financial crisis kicked in and that's almost where the story starts. where he becomes treasury secretary. he talks to president bush and members of the economic team, he told them then that there was a high likelihood that there would be a financial crisis. he didn't know what would trigger it. he didn't realize it would be housing. >> one of the things that's disarming about hank is he's not a politician. you may bring some expectations about what that means for him as a human being. he is incredibly humble. who he says was, he was in the meeting with the president. the president asked him to talk about something else, and he said actually i want to talk to you about the conditions that could lead to a financial crisis.

he was prescient. he didn't feel it would be housing that would kick it off. >> he said it would happen during the bush administration and he expressed it. you mentioned his wife wendy, there is the then secretary paulson talking to her during one of the darkest points in the crisis. >> i was in a very small office, i didn't have privacy, i took myself out and i called wendy. >> i could hear the defeat in his voice. and the -- that he'd really come -- he just didn't see a way out. >> i said wendy, you know i feel that the burden of the world is on me. and that i failed. and it's going to be very bad. and i don't know what to do and i don't know what to say. >> josh, in the end he didn't fail but he came awfully close to failing. how close is it to financial

brink at that moment? >> i think in the film it shows we were close to the financial brink quite a few times. you forget how the dominoes fell how the pop quorn popped, it -- popcorn popped. it was instantaneous. at a completely different magnitude. what hank had trouble dealing with how big a financial crisis you were dealing with. if you are boiling in oil, it doesn't matter if you are 300° or 400°. you're boiling in oil. you could stop and see we were perched at any given moment, one flawed bit of execution from a real collapse of the united states economy which of course would mean a collapse in the global economy. >> could have been more catastrophic. he talks about things he wished he would have done better.

here is one on the list. >> i was never able to convince the american people that what we did with tarp was not for these banks. it was for them. it was to save main street. it was to save our economy from having a catastrophe. >> you know josh even now that is a message that may not have gotten through to a lot of people. >> it's one of the reasons that we wanted to make the flick was there's a buried story. as a journalist, any time there's an accepted narrative and you can look beyond it it's very rewarding. part of the reasons i could convince hank that doing a documentary, could be meaningful for him. he's aware of his weaknesses, he's not the world's best communicator in the best of tomb. with the benefit of perspective of time and the dee editing of e

berlinger, his perspectives matter, and you get to know about the perspective of the guy and we tend to one dimensionallize our public figures. i think when you were the treasury secretary, and you came as the kerry of goldman sachs, you do understand a little more of his motivations. >> he talked about tarp being almost worse than torture. do you think part of that and the lingering resentment of wall street is because of the executives that took all of these big bonuses even after their financial institutions had been bailed out? >> let me correct you. the american people did see it as worse than torture and there's no question that a lot of it was the attitude of people who were receiving bailouts. was that after they received

these bailouts funds the first thing they were going to do was ensure they would get the biggest possible payout for them and their employees. some of them would say sheepishly, they had potential valid arguments but in the heat of the moment to ensure that you get paid and get paid quite well, hank says in the film he was absolutely outraged by it but to him i made a calculation which is you can't save the banks and punish the banks at the same time. i think it's a valid critique to say, could you at least consolidate them while this wasd them while this was going on? >> the catastrophe would have been the run on the banks and it would have been completely catastrophic. we look at things a little bit later, freddie mac, fannie mae,

government institutions ending up supporting the mortgage market, back then they had 40% plus of the mortgage market, last month it was around 77%. if there's another market bust again in the housing market aren't we going to see an even worse situation now that those institutions are even bigger? >> what hank gets to in the film is that those are the unsustainable situations, you can't have the government ensuring up to 90% of the mortgages. you can't do that. we have a lot of flaws. dodd frank is a law, hasn't been glimented as a whole -- implemented as a whole. fannie and freddie are huge situations that need to be unwound. the problem is you don't see a lot of appetite for unwinding huge and implicate

complication -- complicated issues there. >> too big to fail, it was striking to hear him that he was forced to do things during the crisis that made problems even worse and one of them was the size of the banks. let's listen to that. >> when i came to washington the largest 10 banks held over 50% of the assets that were held in the banking system. ten years earlier it had been roughly 10%. today the problem is worse because obviously, to get through the night, we needed to encourage consolidation. >> so again he said that too big to fail is morally re reprehensible, that those bailouts are not possible, haven't we created a situation that there are even more banks that are too big to fail? >> it is certainly troubling. what we would point out and what hank points out in the film, these banks are more

capitalized. and the only thing you can ensure a capitalized banks. we can ensure that these banks are more capitalized but by no means should we rest easy that they have more money to pay out should there be a run. the concentration of the the banks is troubling. the banks themselves aren't going to unwind. the united states has to have a an appetite for negotiation and right now it is not top of the agenda. >> he thinks there will be financial crises, the answers of the markets is that there will be more problems in the future but he hopes that there will never be another big one. >> i think there's -- as we've gone out and talked about the film that's often picked up as a controversial large, that there will be more crisis. when you are dealing with after risafter

avarice, there will be those situations. hank seems pretty convince they'd we will not have a repeat of the last financial crisis but we need to be prepared for whatever crisis comes along next and we need to give regulators the clarity of what they need to do. dodd frank gives multiple levels of regulation. >> regulation brings issues on its on. let's hope wall street and washington gets on its own. thanks for spending times with us tonight. from the financial crisis to the annual windfall, the annual

forbes 500 list is the topic of our data dive, next.

>> the forbes 400 list we promised we'll have that for you tomorrow. but coming up we will talk to shane solerno the author of a documentary on j.d. salinger, the author of catcher in the rye. that's next.

>> almost five decades have passed since we last heard from writer j. d. salinger who wrote catcher in the rye, still sells more than a quarter million copies in a year. a new biography entitled salinger, the man who created holden caulfield. >> in american literature, like salinger, the greatest no ever. >> at the height of that success he disappeared.

>> no one says don't talk about this, don't think that, you don't have to do it with a kid. kids pick up what the elephants are in the room that the family's not talking about. >> he sort of became the howard hughes of his day. >> joining us from los angeles is shane solerno, the director of the are salinger biography. thank you for joining us tonight. salinger wrote a couple of can a classics. but he lived as a recognize us w hampshire. >> that played a role in the public's interest in salinger but the work stands strongest of why he wassing relevant. in 2010 the book still sold 500,000 copies. so the work stands tallest but

very close to the work is the myth and the mystique that surrounds j. d. salinger. >> one big revelation is that there may be more work to come, new manyo manuscripts will be released. >> there has never been an author the size of j.d. salinger who worked for 45 years storing that work in a vault to be released after his death. hi religion prevented him from seeking fame and feeding the ego, so he is doing it after -- after death posthumously. >> world war ii destroyed the man but made him a very great

artist. religion killed his art. world war ii, he was involved in freeing a concentration camp. the posttraumatic stress that was involved there destroyed him. did it become worse because of his separation from society? >> there is no question that j. d. salinger suffered from posttraumatic stress syndrome. without world war ii we would have never heard the word, j.d. salinger. it was the transformative event of his life. he went into the wawr as a rich kid -- war as a rich kid who grew up on park avenue. and he came out of the war with a voice and it was captivated

with so much pain. >> salinger was captivated by younger women. he had a romance in his 50s with a much younger why. >> among them was this one letter that eclipped all the rest. it began, dear ms. ma maynard. i bet you are sitting in your college dormitory surrounded by letters. by the time i got to the bottom that i saw the signature j.d. salinger. >> he pursued other teenage girls. it is the quiet acceptance apparently live and well in our culture that genius justifies cruelty of those who are the artist and his art.

how do you think he got away without repercussions? >> there is no evidence that j.d. salinger was sexual with anyone underage. but he did have a pattern from the 1940s to well into his -- to the 1970s of dating young women or girls, in some form, that were teenagers. and you see it in his work. he was particularly fascinating with girls on the cusp of womanhood and all of it stems from a relationship that he had to oona o'neil,. >> very interesting, we appreciate you being on the show. the show may be over but the conversation continues.

aljazeera.com/consider this. we'll see you next time. good evening everyone welcome to al jazeera i'm john siegenthaler in new york. >> from about 8:30 on just shock all day long. >> our family is happy tonight but there are some that is facing the world's worst. >> naval base? >> the 12 victims of the navy yard shooting are remembered as americans to try omake sense of what happened. >> the fbi identifies the man responsible but the mystery of his motive remains. and while the shooter is dead eight survivors remain in the hospital tonight.