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>> i'm sure they're brutal and all thepñt÷ rest, these are the÷ people we deal with over there,ñ but when you move those things away, when you get rid of those are, it's not necessarily, youpñ

know, the facebook twitter folks who come up and build thetñtmp÷ñ society.tñt÷tñpñtñtñtñtñ when i was there in 83-84 with ñ cab driver, we're going down toñ these pyramids down there around memphis. that's a bigtñ pyramids, and weñ were down tht÷ere looking and iñ the cab driver climbed up on the hill and was praying to mecca.pñ he didn't have anypñtñtñt÷ embarrassment.pñtñplp÷pñ tñ stayed there and i said,tñpñ÷ these people are serious.tñtñtññ and i think the muslimtñd÷tñt÷ brotherhood and otherstñ i thinñ i think for the immediate future, their time has come.tñtñ and i think islam is on the risñ worldwide.tñtñpñdñt÷pñp÷ i think they're the largest religion in the world now.pñpñt÷ they have long since passedpñtñ catholicism.pñtñt-dñ pñthink they are rising at apñp÷ think you'll probably find a feñ to come mib is because of thet÷ñ mistakes my own country has made, its polipñcies, and ipmp-l

disagree with policy, i don't think it's good for israel and i don't think it's good for us, will not be thrown out of that part of the world, the americans. and i don't think it's a very positive future. >> what do you think of a two-state solution? >> you know, again, who was i talking to? i forget who was talking to, it was a gal who came down to washington. i met in 1967 i went over with nixon to israel 10 days after the six-day war and admit david ben-gurion and nixon and i was together, before i ran. we went down into the basement and we met the general. he had infusion european accent, and diane was this gigantic world wide star with his

eyepatch. i told vice president nixon then, i said all the people he met on a three-week tour, he is the most impressive man. and he was a very tough and even brutal palestinians during the first, i became outcome and i think he came to believe and to realize that we needed a two-state solution, because he had a reputation as a tough soldier, i think he might have been able to drive through. the second chance, then they murdered him, and then the second chance was with barack in 2000. and i thought maybe they will go, and they didn't. i think maybe the horse is out of the barn. maybe it's going to continue until it's settled not peacefully. that's what i fear. >> thank you. >> hello. i'm a liberal. i'm made one of nine liberals in america who admire you and learn

from you. i'm wondering, what happened to buchanan is some in this sense when i look at the tea party which you think maybe the tea party contain some former buchanan voters. all the candidates that appeal to the tea party, well, on foreign policy ron paul has views that are akin to yours. on all the other issues, well i guess on the social issues there are candidates who lined up with you. on the other issues, having to do with economics, having to do with trade, having to do with industry, having to do with immigration, too, i don't hear any of your views being considered by the people who

would vote for you. >> let me talk to that. i think that my views on loss oñ manufacturing, they are alldmdm÷ talking about it because theydm> see whdmat's happening, but youm d,ght, they don't know what tod÷ do about it because they'redld.÷ fundamentally free traders. it's a religious belief within. ondmd= the vote order security,ñ border fence, newt gingrichdñdm> said, when i say we need adñd>d, border fence out in californiadl from imperial beach about 11 miles inward, which they bill,dl and he said that sounds like davidd> duke.dmd>dldñdmdñd- so now new sounds like patdñd,dl buchanan.d-d÷d÷d,d-d,úmdñ they will all build the fencedñ> now. it's a little weight, fellows.dl but on foreign policy, too, ronñ paul is, i me, i'm not as d-bertarian as ron paul by thedñ same the right things. will come of the wardmdñ is ovem and what do we benefit? d- got four wars, desert storm,ñ

iraq, afghanistan, libya, nowdlm dmey want to dod> syria.dñ then they want to iran.dldñdñdñ. china hasn't done any wars andúl they seem to be doing very well. powell had a state with a lot of my conservative friends quote. [inaudible] >> you're not an enthusiast. he got pummeled for his famous rivers of blood speech on immigration. he quoted this wonderful latin quote from horace, i think, and he said i see the river tiber flowing with much blood, and he's talking about immigration to he was a shouted defense ministry and he was fired in never seen again. he was a brilliant fellow. a great soldier. and he said all political lives indian failure. and i think there's some truth in that. you know, we want some of the issues, are winning some of the issues, but it's awfully late in

the day. and we didn't succeed. we got beat twice the last time as we took the reform party, i don't even want to discuss a lot of reform party people there, so thanks. >> i just want to ask you, i had two professors, one in florida, clinic in first in one of george washington, who corrected me when i use the term isolationism, and they told me to for ever use the word noninterventionist in the future. thanks, i agree with them now, too. one of the things i want to ask you have to do with the fact that you're one of the editors of the american conservative. you have a fellow named andrew who contributes to your magazine also i would like to find a, d.c. in the future for non-interventionism? do things more of a realistic approach in the future? since you two are different in

that aspect but you see any possibility of getting a movement towards more non-interventionism, maybe even save the u.s. money in doing so÷ >> he is a terrific writer, andñ he's a gúñood man, and he opposd the iraq war.úñpñúñúñúñúñ he's a very honorable soldier. he lost his son in the iraq warñ i believe that is correct.úñpmúñ >> he did, yes.úmúmúmúñúñpñ >> and he is very bitter.pñúñúmñ i shouldn't say that because iúm don't knowing that welúñl, but e writes with real passion aboutúm these neoconservatives who get get us into these wars.pmúmúmú÷ñ the neoconservatives who i haveñ been in battles with for a longñ long time, they are better thanñ thosepñ of us in terms ofúñpñúññ networking and recruiting andúññ moving people into theúñúñú÷úñúñ organization, toopñpmúñú÷ individualistic and we don't do that well.pñúñúmpñ i think that by and large theúñm american people do not want topñ fight other countries wars now.m

they do not want to pay other countries bills.úmú÷úñúmúñúmúmúñ bayfield ashes in amounts frompñ what's happened in afghanistan, and iraq, and we haven't gottenñ together yet. i fear the drive towardspmpñpñúñ intervention less in city than in iran, and i think there's apñ real drive for war with iran which is think would be just,pññ there's no doubt the united states would win butúñ i think m just would be devastating, and m just don't see cashman aspmpñpññ general petraeus said as herúñpm marching up to back it, just tell you oneúñ thing, how doesúm this thing and?úmúlúñúñúlúñ i'm trying to figure out why wem fail, because we have theú-pñúmñ country, we're moving outúñpmp,ñ against those.úmúñúñpñúñpñúl as soon as the first bombs úñartedúm falling, 90% of thepmm country supports the president,m and denounce us.úñúñúñúmpmpñúñ and i do see us on this roadúñ with these hard sanctions withpñ

israel is pushing hard, theúmúm counter assassinations back, thñ iranian scientists and they'reúñ trying topm kill this israeliúmm diplomats, and i think, i don't think the iranians want war.úñpm i don't think the president wants war.úñú÷ú÷pm i don't think the joint chiefspm wanted it but i can understandúm why the israelis wanted. they want the american powerpmúñ constructed.pñúñúñpñpñpñ and i think that's what they want done.úmúmúñúmúmú,pñpm netanyahu and lieberman and them others, and barack and all the others, i can understand.p÷pm greatúm britain wanted especialy in world warúñ ii.úñúmúm they understood, they wind the war. >> we didn't take two years to do that.pmpñpmpñ [laughter]pmpmpmpñpñpñpmpñpm >> we wanted to learn. >> i forgot we had a britain here. >> i do want to say very quickly to foster which geving sums of the culture generational

politics with patty can come and that is i was in new york with manhattan -- a shop guy was speaking to me which is very nearly two english people. yes the western understood i was going to write a book on pat buchanan. this guy went absolutely wild. is so right wing. is opposed to i hate you i hate is used. what is wrong with america. then said to do the worst thing is about patty can? i said what? and he said my dad voted for him. [laughter] so that is pat buchanan. [applause] >> thank you very much. >> for more information visit the author's website, timothystanley.co.uk. now more from little rock. booktv visit the city with the help of our local cable partner

comcast of central arkansas. >> tells the story of nine different people from arkansas. they were not all border, they all live here and they're all part of the story of arkansas. for example, sidney wallace, new star is fascinating because there's three different interpretations of guthrie did ways of explaining it. sydney lived about 100 miles upstream your in a city called clarksville. he was 12 years old during the civil war when his father had visitors and the last day of the year, 1863, and no been is what they said to him but they shot him and killed his father. so he is 12 years old, he has no father and his mother is now raising him and his brothers along with the help of their former slave. and according to one version of the story and the wallace boys just ran wild after the war ended. it was still lawless in western

arkansas and their basic outlaws. there was a shooting of a traveling salesman outside of town and his companion came into town and he said he was those wallace boys again. so they went out and tragedy was the one they picked up in charge with a shooting, attempted robbery. at that point, the jail had been burned out during the war so they put sidney in the second floor of a downtown building and he just kicked window, jumped up onto the roof of the shed and escape. that's when the shootings really started. the constable was shot dead. the county judge was shot dead. everybody around him was think it's those wallace boys again, but there are no witnesses. finally, one man stepped forward and said he saw sidney waiting in ambush. so they rounded him up again. according to legend, sidney escaped under the skirts of a family serving. they finally ran down and captured him in another town and

brought them back to clarksville, have a draw, convicted him of the earlier shooting of a salesman, the shooting of the constable, and while sidney was in prison, and the case was under appeal, there was one day that is up in that second floor, and by this time they had armed guards watching over him, he saw the one man who had testified that he it seemed sidney waiting in ambush. so sidney grabbed a rifle of one of his guard, pointed out the window and shot the man who testified against him, killed him dead in the city streets. so sidney ended up in a state penitentiary here in little rock. the case was under appeal, went to the state supreme court's and they didn't want to you the case. the family back together to give a partner. the governor didn't want to pardon them so march 1874 sidney was finally hanged for those murders. now, the legend of sidney wallace grows from there because some people say he wasn't an outlaw. some people say you just begun the man who killed his father. it has they say his servant, who

which yielded sidney when he was 12 or so, he couldn't sue people who killed his father, she said she wasn't going to tell them who they were until he was 21 years old. so nine years later, that's when the shooting certain people say all he was doing was hunting down the murders of his father and executing justice on them. so there's a second version of the story that makes them pretty much of a noble hero fighting for what was right. sidney never agree to either version of the story. in the courtroom and in the prison cell talking to reporters, he consistently said he had not shut any man except in self-defense. in fact, he claims he was sick in bed with the needles when the constable and a judge was shot, and that's what his mother testified. but we don't know without all three versions of the story and we don't know which one to believe. >> the literary festival will be held in little rock april 12-18.

the festival features nonfiction and fiction writers from the state and around the country. for more information visit arkansas literary festival.org. >> live today on intent, our founding fathers, stability and conservative politics, your questions for richard brookhiser, his 11 books include right time, right place. >> up next on the 2012 tucson festival of books, a discussion with diana henriques, "the white sharks of wall stree." this is about an hour. >> good afternoon, ladies and gentlemen. thank you for being with us today.

i would like to congratulate you all on your wise decision to come in your diana henriques today. you will know what i mean in an hour when you leave your feeling smarter and more in control of your own financial future. [laughter] diana henriques is the author of the new york times bestseller, "the wizard of lies: bernie madoff and the death of trust." looks like this. you can buy your own copyright outside afterwards in the bookstore tent or in the signing area which is signing area be si we hope to see you all there.e before writing this book, dianau is been a writer for the newen e york timesr since 1989, and "new before that she was a writerthae forbearance magazine, a wallter street correspondent for "thez philadelphia inquirer" and an investigative reporter for the trenton times in newrr jersey. trenton times in new jersey. in 2005, she's a finalist for a pulitzer prize and won a george polk award, the worst for

investigative reporting and herbert goldsmith prize for her cds exposed in insurance and investment ripoffs of young military consumers. she's also a member of "the new york times" team that was a pulitzer finalist for its coverage of the 2008 financial crisis. "wizard of lies" is her fourth book. it may be her first baby. hbo and robert de niro tribeca films have commissioned a smith being written right on this too at the end of the month. so keep your fingers crossed for that one. [applause] and now, let's welcome him diana and recount. [applause] one game that is wonderful about this book is if you really are very unfamiliar with wall street come with the markets, hedge funds, with bernie madoff, it is a book anyone can understand. however if you are someone who is a sophisticated investigator

and hedge fund manager, you will enjoy the book, to and won't feel that it talks down to you at all. so today we'll talk about bernie madoff, who he was, what he did or we don't want to leave anybody behind. so if you're not familiar we will start with who is bernie madoff, what he did and i think importantly why he did it. what he says in the book is that he really did intend to be a great financial advisor and he intended to get great returns for his clients and he just banged things got going on and he dug himself and he said julie couldn't get out. so i think to get your take on that. >> that is a classic ponzi scheme rationale. >> in fact is usually true. i ponzi scheme is for a typically and lasted themselves,

thus the first big via ponzi scheme or has to sell this to himself. and they almost always ironman. i don't know why, but you can count on two hands the number of female ponzi skimmers. so i'm using my pronoun advisedly. i don't know if madoff is telling the truth about that. i do believe the ponzi scheme he constructed begins sooner then you claimed it did. but his story, that is footnoted was least reviled source in history, but his story is that some of its large client got nervous after the 1997 market crash and started to make with draws the fun they had promised they continue to invest in that preston and preston back into a

corner and in 1992 he finally started stealing a little money coming in from hedge funds to cover withdraws from long-term clients, thinking the market would recover in this strategy would work in and he would be able to work his way out of this hole. by 1998, the whole was billions of dollars deep and he said he knew he would never get out. and he spent the next decade to expect dean to fall at any moment and dsa describe and trained to it almost did several times. so this is me not more cliffhangers then pauline. showing my age they are. he had so many near death experience as in fact that i'm convinced that at least for most of 2008, when the markets began that precipitous climb, he thought he might make it through this storm, to because you dirty

survived so many. if i was highly liquid. this was their liquid asset. whenever i'm in the market started to get so nervous in the fall of 2008 and demanded their money back or they're going to get the money to pay those guys back. a lot of those are not liquid. they're locked up in chinese for mankind than he ariz real estate developments. but they had to cover these withdraws. they trusted him.

he was their rainy day fund. he didn't start pulling money out because they suspected something was going wrong. instead, they thought he was a trustworthy place to take the money out of. money poured out in an astonishing rate. by one estimate from the trustee was liquidating the madoff estate, $13 billion poured out of madoff stretched on into destiny. half of that in the last 90 days. he was circling the drain very rapidly and told me that he knew right after thanksgiving put through the least reliable source in his dreams that he had decided rather than to try to

keep it going one more time. he claims people were still offering money and those latter days, still trying to give them money to invest and he could've kept it going, but he decided to quit. but that i think made off hasn't pathological fear of admitting later it's interesting that he won't even admit that his ponzi scheme failed. no, no, he was inspired he quit. but when he was arrested, arrested after his son whom he had confessed turned him in to law enforcement, what they found was a man who was privately quite secretly managing more money than goldman sachs. more money than jpmorgan, much more money than george soros.

this is a man who was allegedly managing almost $65 billion. so imagine that he was your money manager and he went to bat on december 10, 2008, thinking your retirement fund was a billion and a half, 2 million, 7 million, 10,000,002 see-through retirement and by nightfall on december 11, it was all gone. it's like what happened in tales. it is what happens in the made-up scandal. i knew early afternoon on december 11 that madoff had been

recognized. it is a name i recognized. had this not happened he would've been a minor footnote in history and the formation of the modern and the counter markets. then i saw the headlines. how big are we talking about here? he said he was. anyhow not. this was such a profound trail of trust by him and then he was indeed per trade. i felt there is something

universal about it. by any measure, it is the largest ponzi scheme in history. whether you count the $65 billion in paper wealth of people thought they had the day before his arrest for the $20 billion in out-of-pocket cash all, the amount of money people it given madoff in terms of dividends or withdraw, and is the largest in history. it is also the first global ponzi scheme. the victims included funds in korea, catholic school in st. croix, victims all over the world so it was historic by every measure and i think had some timeless lessons for us. as you can tell, i am obsessed by the story and it is one of the most interesting criminal cases and one of the most interesting human dramas i've ever encountered.

>> it is often said of ponzi schemes and the people that spend that they played a role that human fate. but they were greedy and should know better to exercise due diligence but a lot of investors with madoff or financially sophisticated people who thought they were exercising due diligence. so let's talk about the role of trust in our financial position. >> now someone smart in the audience will stand up and say, you know, does it dims were greedy. if they had been greedy they never would've gotten caught. now one of made us brilliant innovation in the ponzi scheme is he did not appeal. 100% in the money is a classic. you'd have to be crazy to 5%

being like that or it has to be creepy or ill-informed. but made-up wasn't making that. it was under forming the fidelity of magellan. let me say that another way. is that dems would've made more money by investing in the magellan fund and they made in investing with bernie madoff. they were greedy. they were frightened. the market had become increasingly volatile from the increasingly complicated. everyone is trying to run their own 401(k), their own pension plans and their spare time with him make the money to put in a and madoff offered consistency, not high return. so that is another twist of the night. his big dems are people who thought they were beaten more conservative than anybody else,

you thought they were taking less risk than anybody else. they were going to give up the money they might have made in the magellan fund in order to be safe for bernie madoff. it is not true that ponzi schemes always that denies. madoff understood the times are volatile investors are straight and are desperate you convict denies. a master worries right now is that in this for the interest rate environment, those trying to save for retirement on a half of a percentage point are going to be scared about what to do with their money, how to make money and they will be vulnerable to the next bernie madoff figures that if they don't offer you the sun and stars just 2% a year. that's