goldman. that effort was successful. david goldman was able to see his son for the first time in nearly five years earlier this year. now, just this month the brazilian federal court in rio ordered seine -- sean returned to mr. goldman. but amazingly a brazilian political party filed a motion with the brazilian supreme court asserting that brazil's exsession to the hague convention was unconstitutional. i'm pleased that the obama administration has filed a motion with the brazilian supreme court seeking to have this frivolous motion dismissed. but we should do more. this outrageous delaying tactic brought by an entity with no genuine standing in the case has only underscored the need for the united states and other nations to examine potential changes to the convention. necessary in order to prevent these kinds of cases from dragging on for years. the hague convention on partial -- on parental child abduction should not be a justification for delay. i ask my colleagues to support my amendment

this goldman receiving 7 billion had no exposure to a aig. goldman was an empty creditor. goldman bought credit to default swaps from aig from, quote, large financial constitution's so care terribly much what happens to aig and it indeed was quite aggressive in terms of calling for collateral from aig. >> but it didn't work. >> what was interesting is it did work for goldman but it illustrates this issue, social issue. >> we are still wondering where the bottom is on aig. islamic and using this to illustrate the concerns you have is as a public policy matter we should be concerned about these creditors who used to care about ensuring our worst stay out of bankruptcy. that they have much less incentive to do that and that in today's world -- >> we better corrected. >> we might want to consider correcting that. >> thank you very much mr. chair. >> i would like to add if that is okay for a moment. >> please do. >> it's important we think about the reasons why a company might want to use credits the fall swaps or a bank for that matter. for example i could be in the supply cha

to get away from goldman sachs. guest: @ thank you. i worked very closely with paul o'neill and john snow and was in a position of heading up the international division before tim adams, two people with remarkably long and strong records in the private sector. and i think it is important to have people with management experience, executive experience. washington, of course, is a lot different, and and in ministration at any time is different than a corporation. but those skills i think are important. i think we need to find ways and government to be more effective and more responsive. and it is much more difficult, in some sense, because of all the players, turf battles, debates about how to proceed. but i think it is important to get that right. i see obviously from your question the room for improvement. host: today's "the wall street journal" editorial that focuses on ben bernanke and his role. he will lead political courage we have not seen since paul volcker was chairman, to exit from all of these efforts in ti

and they had goldman envy and be as good as goldman sachs. diamond on a number of occasions said no, we ain't going to go down that route and beat everyone purely through chasing after the quick and easy p & l. but again, it doesn't mean they didn't make mistakes. i don't want to paint these guys as perfect angels because they have made mistakes but there were decisions that were taken which was a very instructive lesson. [inaudible] >> in terms of what was going wrong? >> yes. well, for example, when the bank started down cbo abs business which is taking chunks of mortgage debt either through the actual tangible loans or increasingly toward the end through the derivatives of those loans there was a number of occasions where internally the jp morgan investment bank tried to work out why the competitives were making more money than him. and there was a huge debate on a number of occasions about whether they should do the same. should they dash down that route with a bshcbo and they kept wor number unless you take crazy risk. and they said no.

everyone wanted to be like goldman sachs three diamond on a number of occasions actually said you know, we are not going down that road trying to beat everyone else purely through chasing after, you know, the quick and easy bnl, which again, doesn't mean it didn't make mistakes and i don't want to pay these guys as somehow perfect angels because they have made mistakes but there were decisions taken which i think it very instructive lesson. >> [inaudible] >> in terms of what was going wrong? >> yes. >> well, for example, when the bank started going in what was called the cbo basically taking chunks of mortgage debt and slicing and dicing either through the actual tangible loans are increasingly towards the end through the derivatives of the loans there was a number of occasions where internally the jpmorgan investment bank tried to work out what the competitors were making more money than then and there was a huge debate on an number of occasions whether they should do the same, should they dashed on the root of the atf and copy that and the kept running of the numbers and couldn't wor

goldman sachs -- these are global firms. a number of foreign banks do business here as well.it is global. every time the g-eight kids together, the top economic ministers get together, they will talk about these things. as part of a global regulatory landscape situation. the talk about it all the time. they want to harmonize regulation. this is something you will see other finance ministers talk about. . . host: has the government moved to limit pay on hsbc officials? guest: they believe you don't want to set two hundred thousand dollars. i think there really is a fear of any country, no one wants to really say you can only make this much. there is widespread belief that these structures were bonuses, getting a bonus when your company does horribly doesn't make sense. host: please turn down your tv. go ahead. caller: has michael read the reports that time magazine put out on the 25 worst people in this debacle? guest: no, i have not. caller: there were like seven people who work on this. it cleared up a lot of things for me. one of the things, was the -- i think it was a glas

goldman sachs will be giving out a bigger bonuses than before the crisis began. it was the compensation system because the bankers to look for audit derivatives to write, which gave rise to the kinds of prices we had. they will find new ways to subvert the system. people are not so much as honest as they are following their instincts. host: what are the brightest spots? guest: most americans remain optimistic about the economy. we are seeing that in consumer optimism. we're seeing changes in behavior households. americans are saving more as they should. i was having dinner last evening with another couple. they were my age. they do not have a lot save for retirement. i have a lot of dinners like that. baby boomers have to work into their 70's because they do not have the cash. we are going to save more, so we have to find other ways to create demand for the things we make in america. what we have been doing for the last 10 years is spending more than we burned, borrowing from abroad, an increase in the trade deficit to make up the difference. i do not see the oba

so here we are, goldman sachs, among others, now paying out huge bonuses after having been bailed out by the taxpayers of this country and they're back at their same old tricks engaging in excessive speculation which is what my amendment begins to address. address. so madam president, i am amazed our republican friends would refuse to allow an amendment to come to the floor of the senate that was passed overwhelmingly in the house with very, very strong republican support in that body. and with that, madam president, i would yield the floor. the presiding officer: the senator from north dakota. mr. dorgan: madam president, as i have indicated previously, the underlying bill on which we're going to have a cloture vote is bipartisan with over 50 cosponsors here in the united states senate? the last congress. republicans and democrats alike have supported it. we're apparently going to have a cloture vote that some, scwumming by what one of my colleagues said earlier, some feel they have to vote against cloture to stop this bill because they feel their right to amend was obstructed despit

for information on jerry goldman, oyez.org. >>> the c-span's six bus is traveling the country visiting libraries, bookstores, festivals and authors. here are some of the people and places we visited. >> we are here at the lexington public library's branch with bob sloan. you often write short stories about life in appellation. tell about the true story that is accounted in the valley of the shadow. >> there was a feud in the county where i am from that occurred back in the 1880s and my grandfather -- my paternal grandfather, my dad's dad was born in 1877. the feud lasted about 1884 to 1887 depending on who you talk to. so i grew up hearing first hand accounts of some of this. my grandfather was friends with one of the principles of this thing. everybody knows about hatfield and mccoy and some of the other feuds. the round county viewed was absolutely the bloodiest and most significant of all of the east kentucky vendettas mountain view is. nobody knows about it. because when it was over, or when the worst part of it was over, a meeting was held after a day, one day, in which about ten

everyone to be like goldman sachs than half our row e's is digga sx. dimond and a number of occasions said we are not going to go down that route purely through chasing after a quick and easy p&l which again does not mean they did not make mistakes. i don't want to paint these guys is somehow perfect angels because they made their mistakes but it is a very instructive lesson. [inaudible] >> in terms of boat was going wrong? well, for example, when all the banks started going in what was called cdo, which is basically taking chunks of mortgage debt and slicing and dicing it into cdo plessy due to the tangible lawns are increasingly towards the end to the derivatives of those loans. there was a number of occasions where internally the j.p. morgan investment bank try to work out why the competitors were making so much more money than them and there was a huge debate on a number of occasions and if they should do the same. they kept running the numbers and they could not work out how to make a pay unless he took crazy, crazy risk, so they said no. to say n

and become everyone wanted to be like goldman sachs. diamond on a number of occasions actually said it no we aren't going to go down that route and beat everyone a purely to chasing after the quick and easy pm el. but again it doesn't mean they made mistakes and i do want to paint these guys as somehow provide angels because they have made mistakes but there were decisions taken which i think was a very instructive lesson. >> [inaudible] >> in terms of what was going wrong? >> yes. >> well, for example, when the bank started going hell for leather and what was called business which was taking chunks of mortgage debt and slicing and dicing into ceos, the tangible loans or increasingly torn it in the end of the derivatives. there was a number of occasions where internally the jpmorgan investment bank tried to work out why they were competitive in making more money than them and as a huge debate on a number of occasions about whether they can do the same and -- down at that and copy that and they kept running the numbers and cannot work ou

[applause] >> jerry goldman is a northwestern university professor of law and directs the oyez projecta multimedia supreme court archive. timothy johnson is a university of minnesota professor of law and political science. for more information on timothy johnson, visit law.umn.edu for jerry goldman, oyez.org. >> here's a look at some upcoming book fairs and festivals over the next few months. >> you've been watching book tv on c-span2. every weekend we bring you 48 hours of nonfiction books, public affairs, history, and biography saturday morning at 8:00 through monday at 8:00 am eastern. ..

goldman's behalf. changes in u.s. law and convention appear to be warranted to ensure that children can be convictly returned to their left behind parents and their homes. this report will help us identify legal changes congress can consider on behalf of the over 1,000 american children who are currently living in other countries as a result of a parental abduction. mr. speaker, this amendment is an important step in addressing a problem that will likely get worse in coming years in light of the growing number of transnational births and marriages. we must continue to use the legal tools at our disposal to prevent or resolve these childhood abduction cases. i support the gentleman from new jersey's amendment and yield back the balance of my time. the chair: all time has expired. the question son the amendment offered by the gentleman from new jersey. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment is agreed to. we now consider amendment number 12 printed in house

this project was the brainchild of jerry goldman and are, jerry is the founder and continuing controller of the web site which holds hundreds and hundreds ofis the founder and continuing controller of the web site which holds hundreds and hundreds of hours of supreme court audio and will hold all audio released by the supreme court. both of us really have a passion for this, we thought it would be good to try to bring this process to many more people. you can go to the supreme court to hear the arguments that it is very limited. you can go in if you are lucky enough and hear an entire session of oral arguments but usually that is reserved for fewer than 50 people, often fewer than 25 people. you can sometimes sit in a 3 minute line or 2 minute line and sit in the back row for a few minutes to catch a glimpse of the justices sparring with the nation's best attorneys. and we thought it would be great to open this process to more people. with the audio on-line, that was one way to do it. we have an academic understanding of the oral argument process and that is how we have gone about that p

are going to permit operations that should be making largest in doing initial public offerings like goldman sachs. getting in bought in trading securities that threaten the fundamentals of the banking system. we do not need to go back to classical -- glass stiegel. with the banking sector being such an important contributor to the democratic party and political candidates requiring all of these $5,000 contributions from individuals, the only place you can harvest the contributions you need are on wall street, silicon valley, and hollywood, which gives those sectors of the economy extraordinary influence on washington. host: we have michael on the line from mobile, alabama on the independent line. --caller: certain aspects of the budget had been hidden. i understand that this particular budget that we have is much more in the open and visible. what aspects of the budget is above board that makes this budget a $1.40 trillion budget? guest: it is more like a $4 trillion budget. we have a big entitlement program. we have a huge stimulus package. we have the military. we have the state departmen

goldman sachs employees toasted their freedom.his one is on may seek one called out from the table -- "this one is on me." is that unusual that the banks did not amount to make statements? guest: no, this program from the start has been hatched in the midst of a terrible financial crisis. no one likes the program or says that it has been administered well. this panel that elizabeth warren chaired has looked at the operations of the program. tarp is not popular. but the point that tim geithner and others have made is that it does seem to have some role in having save the financial system last fall. you never know what would have happened if tarp had not been put into place. many of economists say the downturn would have been worse. but this is not a popular program and banks' people are not popular in washington or across the country. but i would not expect public statements of them saying that. host: do you think that if things get into trouble again they can go back for tarp funds? guest: i believe they are. i do not think anyone

goldman sachs -- these

rocket -- record profits and goldman sachs uno accountability.

one man, commander paul tollman, came in my office partly because of the publicity about david goldman and his son, sean goldman, the brazilian case i had been working on and he came in and said, you have to hear my story. it's a heartbreaking story of a man deployed to japan. he and his wife regrettably had a split. she is now deceased, and yet for six long years he's been trying to get his daughter back and has been unable to. the de facto custody is with the maternal grandparents. again, he has not been able to get his own child back. the amendment will not entangle the department of defense in custody disputes. rather, it will instruct the department of defense to report to congress about what they are doing to ensure that ou

cassidyy, johnny, benny and my wife is formerly ann goldman of new orleans. we met there and got married. i have become a family man. it's changed my life. more than changing your life, i love taking them out. all they want to do now is go to the wild basis. we have a place in austin. i take them all the time to the study center. if they see a fish, they say a pemp. i have trained them to get them to start knowing all of them. they each have faff rite animal that's they've hoaned in all. without scag operation, my daughter probably has 200 toy ducks.el we have a lot of those the writing of all this, do you still write longhand? >> i'm mixed these days. it's really my first draft. it's like going to a civil war scholar and taking notes >> are you left handed? >> i am. obama is left handed, clinton is left handed. bush 41 is left handed. >> what does that mean? >> we're a tribe. >> last question, who named it willederness warrior. john hilton cooper has a book the warrior and the prees. he liked to have fights about everything and believed it. he was very bold

white house a director of national economic policy who took huge payments for making speeches at goldman sachs before coming to washington. but ben bernanke was a respectable academic who earned a modest salary teaching at princeton. largely speaking, that people who work at the fed have perfect reputations. they don't seem to be feathering their nests and operating with any malevolent intentions. i don't always agree with everything they do, but everything they do is justifiable. i think it is unfair to start to pull out these kinds of rhetorical arguments. we do not have a private central bank. we need a central bank. the rate structure of the fed is a very sound one. as for those cottage industries, everybody thought that the internet will shine all kinds of light, which it does. at the end of the day, it is so difficult to penetrate shattering thing which is washington. it seems that those with very focus agendas and a lot of money to spend on political campaigns to the best. witness what has happened this week and with gm and liability claims. it is normal that liability claims are

we can rely on goldman sachs who is touring the financial times two months ago, states it very strongly, compensation arrangements, in need to inform them. and across the board, they were wrong. they don't like government intervention but at this point, there is widely shared consensus that executive compensation arrangements, only room for disagreement. in bringing about the change, everybody agrees. >> professor bebchuk, i will open this up to anyone. one of the things i keep hearing is we have to let american corporations get all the money they want under whatever compensation system that they want because if we don't, then these really smart, talented people are going to go elsewhere. you have heard this line of argument. could you comment on this issue? if we reform the entire american system -- >> i agree with you. it is a bogus argument. the first point is where would they go? shareholders can invest in private equity. that is fine. these guys did not do that good job so let them go. let them go abroad. >> to european firms compensate the way we do? in line with that, is there an

and when you turn to the financial institutions, it can get quite serious so it means that, say, goldman sachs, if they're managed properly -- if they make a risky loan, they calculate the potential cost to themselves if the loan goes bad but they simply don't calculate the impact on the whole financial system. and we now see how severe that can be. not that it's anything new. in fact, this inherent deficiency of markets, this inefficiency of markets is perfectly well-known ten years ago at the height of the euphoria about efficient markets. two prominent economists, john etwell and lance taylor, they wrote an important book in which they spelled out the consequences of these market inefficiencies, which we now see. and they outline means to deal with them. these proposals were exactly contrary to the deregulatory rage that was then being carried forward by the clinton administration under the leadership of those who obama has now called upon to put band-aids on the disaster that they helped create. in substantial measure, the food crisis plaguing much of the south and the financial cris

three months ago and i was by far the biggest and the room every by eight works a senior person at goldman sachs, works at the federal reserve, new york, and the book was still being edited and finished up and the conversation was, how do we pull ourselves out of this collapse or get out of this are terrific morass? what really struck me that i heard over and over was people did not understand how this came to pass through it was very much an example, there is an old story of the six blind men describing the all of the one has the tale, one has the year, a task and they and a leg and the truck but no one describes the whole so the road goal of the book was to give a big overview ensure everything that is happening in a way that makes some sense. the first false statement the first major misunderstanding is this was an accident, the perfect storm, a completely random, one and a million shot wi

host: we have an argument from susan goldman along the same lines.hereas the competition been for 40 years? guest: that was part of my campaign was to reform health care. and everybody knows it is broken endeavour one knows it is not affordable. -- and everyone knows it is not affordable. the shot that she took of ronald reagan, if you look it up, you will see that when he took office in 1981, unemployment was in double digits, interest rates for a 21% and inflation was double digits as well because of the excesses of the previous years. we went through some tough times and then went to the longest time of economic growth in the history of our country. i'm very proud of the record that ronald reagan had, not to mention winning the cold war without firing a shot. we want to give every met -- every family refundable tax credit so they can go across state lines, which they cannot now, and shop around for the health insurance that they need and want to take care of their family. according to the statistics that i have, a $5,000 refundable tax credit woul

and we were approached from the surgeon general himself and from howard goldman, who can't keep a secret, that when he was initially approached by the goers, that he didn't think that the science was really adequate for a surgeon general's report on mental health, and he became through the process of the development of the report, a complete and absolute convert. and, in fact, when healthy people, 2010 goals were developed, i think four of the top 10 goals related to mental health because he came to understand that mental health is fundamental to health in every way. you might remember in 1996 we had a parity law passed. it wasn't all we wanted, but it was enormously important in terms of the symbolism. i don't remember the year. tipper probably does. but president clinton ordered parity in the federal employee's health system. he had the ability to do that, and by doing that, he created a parity in mental health benefits, and it was that parity that allowed us to really understand, looking at large covered populations, the fact that parity in a managed karen environment is not only cost

persia joining the treasury he worked it 18 years of goldman sachs most recently as the co-head of finance. our third witness is ms. patricia wide, secede director of the federal reserve, a division of research and statistics. ms. white is oversight responsibilities for sections that analyze risks in process microeconomic data and she is participated in domestic and international working groups on central counterparties, securities settlement in financial regulation. we very much appreciate all of you joining us here this afternoon and chairman schapiro would you give your testimony? >> thank you very much. mr. chairman, ranking member bunning and members of the subcommittee i am pleased to have this opportunity to testify to the house and securities exchange commission concerning the regulation of over-the-counter derivatives. the severe financial crisis that has unfolded over the last two years has revealed serious weaknesses and the structure of u.s. financial regulation. one of these gaps is the gap in regulation of otc derivatives, which under current law are largely excluded or exemp

treasurer of the national press club, peter stemware, field reporter, ron of a market watch, russell goldman, fasb and a guest of our speaker, kerry, financial accounting foundation and customer speaker, skipping over myself at the podium here, angela kean, bloomberg news reporter and sherrif of the club's speakers' committee, i will skip over speaker for a moment, bob carden of cornyn communications, the speakers' committee member who range today's launch. thank you very much, bob. allen wildmon of the fasb and test of our speaker. and finally night camping gear up to planters. [applause] the financial accounting standards board is on of those because i it government agencies that sense the business rules specifically fasb as it is known developed generally accepted accounting principles that businesses must adhere to reporting their results. this is done so businesses can in theory cookbooks to make themselves and their stock prices look better than they really are. good enough but if you picked up a newspaper in the last year you probably noticed that more than a few companies aren't doin

has hired goldman sachs to manage the possible sale of open code the boston globe." the report says they have begun accepting bids. >> "washington journal" continues. host: gov. howard dean joins us, the author of "howard dean's prescriptions for real healthcare reform." guest: i do not think we are blind to get much agreement between dr. dean and dr. coburn on this one. the idea that we were better off with insurance companies is a crazy idea. there are more bureaucrats telling doctors what to do than there ever were in the united states government. host: as far as prescriptions that the obama administration one for health care, how did they fall in line with what you are prescribing? guest: that is the plan in prescribing. there needs to be a public option. the most effective, efficient plant in america -- taking care of people with medicare. yes, there are serious problems. compared to what the private insurance companies have done to doctors and patients over the last 15 years, we are better off with medicare. i fully agree with the president. people should be do

we have meanwhile learned that the bailout was also a bailout of goldman sachs and some of the world's largest foreign banks, all of whom were not asked to accept a penny of losses. i have four question areas for you that are all closely related. i will try to ask you to just respond at the end. the first one is just directly, when will you have a thorough and complete response to every query asked in april by the oversight panel? bill that's -- if that same panel concludes that one-third of the money given away and of the tarp was raised did, you have not disclosed significant details to provide an analysis of what the fed has been doing to determine what value they are getting. what meaningful assurances can you provide the american people that were not being -- that we are not being squeezed again. have you done a full review of the deal from the taxpayers? if so, will you provide complete documentation for the basis of that documentation? the situation is far different with your newly discovered emergency powers. there is little difference between those that you waited in secret an

we've been acting like what's good for citigroup and goldman sachs and "g.m.a.." and we been tchining for quite a while. we pushed countrys to liberalize their capital markets and open up their market for drifftives. those were things that were not actually good for those countries and not good for but they may be going in opposite directions. the problem is that -- goes back to our political structure. our political structure provides too much room for campaign contributions and the influence of lobbyists. if you look at the lobbyists, for example, for instance, from the financial industries, there's about fife for each congressman. huge amount of money being spent for the financial industry to get bills through that are in their interest. they may not have been able to invest their money in real investments, make good judgments, but they have made good political investments, and now they've been getting a return. so in the end it's the political system that -- in the united states that we're going to have to have reform if we're not going to have a reoccurrence

she did a book by edited on the life of emma goldman which is utterly fabulous and the work here draws deeply on the lives of a jockey or a house worker or a baby nurse or farmers, stonecutters and so forth, that she really touches something that even graphic novelist's work basically fiction novelist in pictures, rarely manage to do and she does it from the makings of people's lives. but also very much like being psychologically in tune with exactly what studs had in mind. i sure do hope that the book is successful enough for us to do some more studs terkel's comics because i think i would aspire to do that almost more than anything i can think of as a comics editor. >> i just want to make this point. there is a guy who is one of my favorite writers and to influence me and to anticipated studs terkel. he is a guy from chicago. his name is george. you know, he was from indiana, from an agricultural area. he went to perdue and then he came to chicago in the 1890's and got a job i think with the chicago record and at that time the colombian national exhibition or exposition-- was taking

execution seems still very paramount with emma goldman and a dream about what is going to be like when they are executed and this will be a mobilizing of other people the way that in terror now, but what happens and here i'm going to answer you can ask questions if you have any, it has to do with state terror. hasted do with state terror, the kind that his father saw up close in 1871 because of the french state passes a bunch of laws, the last of which lasted until 1992 which made anyone guilty by the biggest association with anarchists that if you loan an anarchist a pen and then he does some awful deed propaganda by the deed is what they call it, then you too can be convicted. in italy at the same time they were beating up anarchists even if they were two violence, they were torturing them in spain. ..

he eloquently describes why analysts from goldman sachs to mckinsey are so optimistic about india's future. he states that all the working age population of other major economies will be falling, india will have an additional 47 million workers in 2020. almost equal to the world shortfall at that time. he further estimates that india's quote, demographic dividend, will peak at 2035 by which time india will have added an additional to have your 70 million persons to is working age population paragon. these legions of young indians and transfers work -- workforce for the first time represent an immense economic opportunity for india and his partners. but only if they receive the education and training they will need to compete in india's globalizing economy. right now the united states is educating over 90,000 indian students in u.s. universities. but america's educational institutions would like to do more, work in india to reach the vast majority who cannot go to the united states for an education. we plan to build on the goals of the government -- indian government to boost literacy, expa

people were getting merrill lynch and goldman sachs statements saying they had stock they never really had. that's just the tip. no one knows how big the rest of it is. it's probably a multiple between -- beltways or 15 times the size. what the f.c.c.'s response was they -- they stonewalled, they slammed the door. i -- i have a website called deppcapture.com which explores my fight with wall street. it's basically investigative journalism directed at wall street. and because we became convinced the f.c.c. was something called a capture regulator. convinced they were a captured regulator when a regulator forgets to protect mainstream from industry and they think about the million dollars a year jobs waiting for them to be a good boy. people used to think i was crazy talking about that but with the last year it's an obvious truth that, the fcc forgot to do its job. i'm a fan of the new people that have come in and the internet taxation point, you made an interesting point. the truth is, that if somebody orders from us in madison, wisconsin. what's supposed to have happen is they have a d

former visiting scholar at ucla anderson school of management and a former investment banker for goldman sachs. he is the author of seven books on economics and politics including "the coming crash in the housing market" published in 2003. for arab more affirmation on "the 86 biggest lies on wall street" visit seven stories books.com. >> i have to books i am working on write now this summer the first is from a constitutional scholar called liberty and tyranny on the new york times' best-seller list nine out of the last 10 weeks and has sold over 1 million copies and essentially is a trade is why conservatives believe unable it is a fabulous book i have dog-eared the pages and have written notes and have quoted the book everywhere i go and i urge people to read the book. it is passable -- bad as i am now taking more notes the second time through. also another book that i have heard several times it is called the forgotten man and is so timely because she is writing the history of the hoover years of fdr and the great depression and the forgot man is the american taxpayer who is paying for

my wife is ann goldman of new orleans. we met there and got married in new orleans and have become a family man. it's changed my life. and more, brian, changing your life having kids, i love taking them -- all my kids want to do now is go to the wild basin to go see animals. we have a place in austin. so i take them to a nature study center. i'm teaching them the animals. they don't look and say they know even -- if they see a fish in the tank, that's a perch. i trained them to get them to start knowing all of them and they each have favorite animals that they've honed in on. my daughter benton, for example, is all ducks and we have -- without exaggeration she probably has 200 ducks, toy ducks -- >> 200 toy ducks? >> she just surrounded her of all of these little, it's an obsession. but the audubon society of america does a whole series of bird stuffed toys, which are really fun because you can get a great blue heron or you could get a snowy egret or whatever it might be. we have a lot of those, too, a big audubon society

the description falls well short of the green and i think it is the first and only goldman or i have news not going any further because i don't play golf but you get the idea. he has been two god knows how many countries when he always as far as i can tell travels with a similar objective to get at the essence of a place and in the process and eliminate many universal truths. his father you may not know was one of the great scholars ghandi in-line ghandi it seems to me that he is engaged in his own experiments with truth, only was a bit more clothing and a touch more here. in his books and essays pico iyer ins is a question that most journalists i think failed to answer and is a very simple question, what is it like there? what is it really like their? and a journalist travel to afghanistan and iraq and to their stories and get home and their friends ask i have heard your story from iraq, what is it like there? pico iyer tells us what it is really like there. he gets to the essence of a place and he does that by reading and talking to people, always the right people it seems by doing

they approached the surgeon general and as i am told from the surgeon general himself and howard goldman who can't keep a secret, when david was initially approached by the course he didn't think that the science was really adequate for a surgeon general's report on mental health and he became to the process and complete and absolute convert to an impact on how they people, 2010 goals were developed for of the top-10 related to mental health because he came to understand that mental health is fundamental to howff in every way. you might remember in 96 we had a purity law passed, it wasn't all that we wanted but was enormously important in terms of its symbolism. i do remember the year, tipper does but president clinton ordered parody in the programs and had the power to do that. by doing that he created a parity benefit and it was that benefit to which allowed us to really to understand looking at large covered a populations the fact that parity in a managed-care environment is not only cost effective and, it is very horrible and you can't do that so obviously when we think of national l

jpmorgan, which back in 2005 was kind of weird because in those days everyone seemed actually it was goldman sachs alumni that ran the world and kept popping up everywhere. but suddenly it was the jpmorgan of light that seemed to be all over the place. so i asked by neighbor what is going on, why they all work at jpmorgan or why they all used to work at jpmorgan and he said sentence that later in sap if you like changing my life for shaping the last year, you've got to understand there's one thing about eckert of the world that is up simply key, it is the morgan mafia. they are everywhere and they created it. now, like many quick cliches that wasn't entirely strip and i would stress they were not the only ones who created the modern structure credit buy any means but it turns out to have a lot of veracity as i later discovered. so i left that conference and feedback to the ft determined on the one hand to try to on a pick this strange new credit jungle and on the other hand, to try to keep an eye on why and how the alumni had come to play such a key role in building this credit world, and th

meanwhile, we've learned that the aig bailout was also a bailout of goldman sachs and some of the worlds largest foreign banks, all of whom were not asked to accept a penny of losses. i have four questions or question areas for you that are all closely related, and i'll try to state them and then just ask you to respond at the end. the first one is just directly -- when will you have a thorough and complete response to every query that the oversight panel ask you in april? the second is, that that same congress oversight panel concluded that a third of the taxpayer moneys that the fed gave away under t.a.r.p. were wasted. you have not provided details of a similar analysis to determine what the fed has been doing to determine what value the fed is getting for its investment of our public money. what meaningful assurances can you provide the american people that we're not being fleeced again? have you done a full review of what kind of deal the taxpayers are getting? and, if so, will you provide the complete documentation for the basis of that assessment? third, while the fed's secrecy re

jpmorgan which back in 2005 was kind of weird because in those days everyone assumed actually it was goldman sachs alumni who ran the world and kept popping up everywhere. but suddenly there were the jpmorgan alumni all over the place. so i asked my neighbor, why did they all used to work at jpmorgan, and he said a sentence which later ended up changing my life or at least shaping that last year, oh, you've got to understand. there's one thing about the credit world that's absolutely key, they're everywhere, and they created it. now, like many quick cliches, that was not entirely true, and i would stress the morgan guys were not o the only ones who created the modern world of structure, but it turned out to have a lot lot of veracity as i later discovered. i flew back to the fp determined, on the one hand, to unpick this jungle, and on the other hand keep an eye on why and how the morgan alumni had come to play such a key role in building this world. and for the next two years we labored away, and i would stress we because it was a group of us, not just myself, trying to make sense of this v