drugs, did drug tests. >> larry: did you do jail time?i went to prison, larry. >> larry: how long? >> one hour in there is too much, but i only went for, i think, the grand total was seven months and two days. >> larry: what prison? >> i went from -- i went to chino state prison in the beginning because they didn't want me, because i was high profile. i went to delano state prison and they didn't want me. and i went to pleasant valley, and i'm not sure if this is good, but they wanted me. >> larry: how did you handle prison? you couldn't get drugs or could you get drugs? >> oh, no, no, i didn't do drugs in prison. i was just -- i focused on not losing myself. there wasn't a lot of fighting. i had to fight a few times and i can handle myself. i'll take a beating, i don't care. but in prison, taking a beating could be your last beating. i did a lot of this, i know shakespeare a lot. i know it well, no man speak, let's talk of graves. i remember full plays almost. i've really great memory. i wrote down as many of the plays i've been in that

did you hear that testimony? did that trouble you? id did trouble me that that was his view, yes. >> he testified that some of the bankers have complained to brian clarkson and that he was asking too many questions. it wanted him to be removed from their deal reviews and they got their wish. did you hear that? >> i did not think he heard them say that they got their wish. >> he said he was taken off the case, right? >> i do not know of a case where he was. >> you did not hear him say that he was no longer to work with a couple of banks? >> in fact, he worked with at least one of those banks. >> did you hear him say that he was taken off the case with those two banks? taken off the client list for those two banks? >> i did listen to this testimony. i do not recall. >> was it true that he was not told -- told not to work with one or more banks? >> i am not aware of that. >> were you there the time? >> i was there the time. >> so you were not aware that he was restricted in any way from working on cdo deals with certain banks? >> i was n

why did you start? ever first time? >> whydy did i start doing them? well, i never did them. i smoked pot and stuff, like every kid, but when i was younger. i liked it a little bit. i liked sports better. i wanted to go to school to be an actor. i was a nice boy from detroitp i had to go to new york and all that stuff. and i was so busy, you know, just trying to make it and do well, and i found her doing well and i moved to los angeles. >> larry: not doing drugs. >> not narcotics like cocaine, i smoked pot and drank beer. once in a while, i drank too much, but i could just stop. >> larry: did you come to hollywood and start getting good roles? >> yeah, i started to make -- i never had money in my life and then i had a lot of money. and i met some young stars that i admired their work, and the first time i did cocaine was with a famous actor whose name i can't tell you. i'm not going to tell you because he's a terrific guy. i didn't want to do it, but there was people in this room and he did it, and i went if he did it, i'm going to do it. and i did it, it took a couple minute

what did we do to the germans after world war ii? they did start the war. they were defeated and yet we insisted the french, british, the others once they had gotten rid of nazis bring them into the european family. with full partners including military arm seemed we had nato for that we had no strategy in the 90's to bring russia into at least european security to make them part of it given responsibilities as well as -- they were going to be very serious crisis, we were stronger but we should have lived in the direction and led the europeans to bring them into it by excluding them we did not even give them consideration week gave the germans after world war ii. and the results have not been nearly as damaging as you might say nazis were after world war i. nevertheless that did contribute to the policies that you see putin having carried out. i would go further and say that much of the economic advice given based on what george soros calls free-market fundamentalism was probably that advice and also the russians are grown-up and responsible for whatever ad

yet it did continue. just bite the extensive two-year long tightening of monetary tightening that began in mid-2004. in addition to tightening monetary policy and warning of gse risks, the federal reserve exercised oversight of consumer protection risks, under the home ownership and equity protection act, and it's general supervisory authority. in 2000 the board held hearings around the country on implement its transfer of authority, focusing on expanding the scope of mortgage loans covered by hoepa on prohibiting specific practices come on improving consumer disclosures, and of educating consumers. thereafter, we adopted rules that lowered the trigger for hoepa coverage and increase consumer protections including limitations and flipping. the use of balloon payments and the sale of single premium credit insurance. more broadly, the federal reserve carefully monitored in the subprime market and adjusted supervisory policy to meet evolving marketplace challenges. in march 1999, the federal reserve issued i

>> sure i did, yeah. >> larry: did you do any concerts for him?don't know. >> larry: oh, go ahead, willie, what do you think? >> i don't know. i'm not sure what they're for or what they're against. >> larry: maybe we can nail it down. they don't like big government. they don't like taxes, i guess. >> well, so far that's two out of -- that's pretty good. >> larry: what do you think about sarah palin? >> oh, i think she is a likable person. you know, personally, i like her a lot. >> larry: politically, you're not in tune? >> politically, i don't know, you know. i just don't know. >> larry: do you ever play alaska? >> yes, i have. >> larry: you ever play when she was governor? >> i don't know that i did. we played fairbanks and, you know, ketchikan. i went up there in '61. i know she wasn't governor then. i went up there in '61, me and ray price, and played ketchikan, alaska. >> larry: is there any state you haven't played? >> no. >> larry: all 50. you tour europe? >> yep. >> larry: asia? >> asia. going into -- well, me and johnny cash, kris kristoff

why do you think they did that? because theyaw0 years of march conservatism did nothing for this country. >> guest: it was not eight years apart conservatism in fact, george to be bush a borrowed and spent and bailed out many, many companies that conservatives were against that but obama has doubled down on those policies. looking at $1 trillion deficits for years to come and that will have to be repaid by my generation. i am looking for fiscal responsibility. i am a proud conservative because i believe and individuals not government empowerment but the individual liberty. >> on t.a.r.p and bailing out the banks? would you have done that? >> absolutely not. >> host: economic stimulus bill? >> guest: that was a disaster it was to keep unemployment below 8 percent now double-digit for new -- god knows how long. >> host: general motors? >> guest: we cannot keep companies going better too big to fail. americans do not work to support other companies or governments games. the average american spends 103 days of their liv

i bet you did not know that, did you? i bet you did not know how literate you were. to think you are. they have called on americans -- that would be you and our neighbors -- did not laugh at this. this is the serious part -- and do not laugh about this. this is the serious part. educate themselves about basic concepts, how to balance a checkbook, save for a child's education, steer clear of deceptive financial products and practices, a plan for retirement -- and i like this one -- avoid accumulating excessive debt. [laughter] get -- i ask you all not to laugh at that. there are serious. -- they are serious. the president who broke a world record by raising the debt ceiling a few short months ago by $1.90 trillion tells us he wants to educate us on how not to create excessive debt. now, all i want to know is, what part of the $14.30 trillion debt he has created does he not think is excessive? [laughter] we clearly have a lot more to learn. [applause] you've got to write this stuff down. you cannot follow it. you have to write it down. in place of this administration's

how did you find them? >> guest: i met them in -- i guess it was actually the january 1st of 2000 when i finally met any of them personally. >> host: was that exciting? >> guest: oh, yeah. it was also terrifying. i had been trying for a long time to get them to talk to me and they were resistant. it took me a year and a half -- >> host: suspicious? >> guest: i was one in a long line of people who have come to them wanting to -- particularly white people, and they just didn't trust anybody. they had had so many bad experiences. henrietta's medical records were released to a journalist and published in that book about conspiracy. at one point someone came to them and said he was lawyer and would sue on their behalf, and tried to steal the medical records. there's so many things that happened to them they didn't know who to trust, and didn't believe anyone would do what they said they were trying to do. so they were understandably wary of me, so it took a long time to get them to talk to me and open up. >> hos

than we did. but they did a horrible almost 29% of the fund of funds fell victim to madoff and the italians had even higher rate of failure and the brazilians in certain countries just had massive failures again germany 16% of the fund of funds fell victim to madoff so it is carried by country. and it shows people can hold themselves out as a fiduciary an investment group and trusted at pfizer but if you're an investor you need to check on your advisers. duquette trust anybody. you have to do your own checks. >> host: to insure we have this right, he 11% of these types of funds in the u.s. sell into the trap and they put their money with madoff. the bid is a disservice to the customers and that is a high number. >> guest: it is nothing to be proud about. it's nothing in this case to be proud about. >> host: what about big financial institutions? you talk about house of the big banks you mention goldman, you mention morgan stanley, you talk about the individual like citigroup who seem to be on top

>> why did he agree? a year-and-a-half ago, he felt completely betrayed by the financial world. >> he is on the screen right now. >> he felt neglected. he thought that he had been buried pressured in diagnosing what was going on in the american financial system. he had made a lot of money for a lot of people. it wound up being a very unpleasant experience for him. and then, nobody noticed what he had done. so, when i called him, he was the one character who was very eager to talk to me. he had a story. he had a three years of emails to document every move. the 60 minutes people were reinforcing that. >> you are still number one on an assigned to it but you did not show on the wall street journal today, which is interesting. what about these numbers? >> i will give you a quick -- the way it works generally, there is a bit of a lag with the papers. the "new york times" is based on sales from two weeks ago. the market surprised even me. the market seems to be a vast -- the vast -- be vast. there is clearly a

>> yes, we did.in february of stock -- in february 2007, we need to talk about getting more staff in general. i really need to add staff to keep up with what is going on with the subprime mortgage performance in general. the company was doing it well. -- was doing pretty well. >> i cannot speak to that. >> can you speak to that? >> no. we had our hands full with wondering if these delinquencies and monitoring these delinquencies to see if they would be realized losses. >> in 2006, billy quincey rates for loans supporting subprime securities are hitting record levels. is that true? >> in 2006, yes. >> they outpaced the previous year for a subprime rmbs? >> yes. >> they were approaching 10%? >> the specific numbers sound correct. >> there were a lot of reasons for the 2006 lows that were going bad so quickly. fraud in mortgage applications was up substantially. çstated in, lungs, in which it and does not verify the borrowers in, -- stated in, loacome loans. subprime was rapidly deteriorating. was that

you did the exact same thing that they did. >> you did not have a dual mission.ordable housing. you were just under requirement to your shareholders to make money, profits. >> we had an opinion that the administration wanted everyone in the industry to extend themselves to fulfill the american dream. >> you are making a profit from securitized in mortgages. there was your growth in the residential real-estate market. >> in the later years we did not. did you have some security face or liars loans and selling that securities based upon this? the events of the we can afford did impact us. >> your business over the course of the last decade. your participation of the market did not have anything coo with freddie and fanny, did it? >> we were a client and a competitor. >> >> he said that you never expected a bailout, that is different from other accounts. all of the public accounts said th

>> malae did not. >> did the company offered jobs? >> the people we terminated did not. >> and did you go after the securities that included fraudulent mortgages to notify the people there may be fraud in the securities? >> that initiative was taken by the legal department was able to address the situation. >> you know they took the initiative to notify people or you are saying it would have been taken? >> it was my understanding they were going to make the determination. >> as to? >> whatever determination was appropriate. >> did you find out whether they did it? >> i did not. >> you are out there selling these securities and you know there is fraud in the securities to reduce its your job to make sure it doesn't happen. the legal department was presumably going to take action if you never follow-up to ask the legal department whether they took action? i don't get it. >> i would expect they would a -- >> but you didn't ask to see it. >> i did not, mr. chairman [inaudible conversations] take a look if you would on page seven of this e

they did. they took a 50% equity stake. >> i would like to avoid the betting analogy, but, you know, that part of their goal was to earn fees by managing assets and we were trying to be helpful to them in that regard. >> okay. and who is it that picks aca? who picked aca? >> oh, aca, senator. >> i'm sorry. >> again it's a combination of goldman sachs and paulson. >> typically when somebody wants to make a bet, do they let them pick what's in it? >> from an aca perspective they achieved two objectives, one they grew their assets under manage and earned fees. two, they invested close to a billion of risk in the transaction as well for their insurance company. so they achieved their investment objectives. >> but you didn't answer my question. typically do you let a client who wants to make a bet, wants you to do an instrument so they can make a bet -- that's what paulson wanted. he wanted a synthetic he could bet on. typically when somebody comes to you and wants to bet, do you let them help pick

you did the laundry? >> she did hers and ronald's and the household laundry. did the children's clothes because i didn't like them to have stains or anything on them. i'm real -- i just always did their laundry, the children's laundry. they did the adults in the household laundry. >> and at that time, ms. sykes, ronald cummings was already at work? >> yes. absolutely. >> so he's out of the picture. i know by now you are aware that ms. hollars, misty croslin's grandmother, she's one of ones that called police, really believes that ronald cummings, your grandson is partially at fault. what's your response? >> i heard what she said on your show about ronald being responsible because he left the children with her and she was all strung out. but i was there and she was not strung out. she was walking and talking just -- i mean, i talked to her. like i said, she helped me carry the laundry in. she had fixed supper for the children. they were eating. >> i have a question for you. why didn't theresa take those kids home with her when misty offered to pay for her to ta

did you read about this?orn star devon "xxx" james says that tiger paid her to have sex back in 2006. hopefully this situation will make parents think twice before raising their daughters with the middle name "xxx." [ laughter ] hope so. speaking about cheaters, did you hear about sandra bullock's husband, jesse james? apparently, his mistress, "bombshell mcgee" -- [ light laughter ] bombshell mcgee is her name. she says that she wants to marry him and be with him forever. although she does have a forehead tattoo, so i'm not sure she knows what forever means. it's like, "are you sure you want this? it's going to be there forever." "yeah, whatever, i'll just take it off whenever i want." [ light laughter ] "bart simpson saying 'don't have a cow, man.' are you sure you want that?" "i think that catch phrase will stick around forever, so, let's just do it." "it's bud mckenzie reading --" yesterday, a catholic television network debuted several 3d shows to reach younger people. better be careful, though, the last

what they did. to of is a people like that. -- to save people like that. oops. that's good. >> can you talk a hill bit about the way eisenhower treated his army field commanders differently? general montgomery, general differs. >> well, he had his hands full. i think he had a very difficult task balancing a number of rather large egos. and one of the challenges that he faced as supreme commander, you know, was balancing all that. and at the same time, you know, trying to stick to a strategy that he believed what's the right one. you know, we're still refighting the broad front, narrow front strategy of 1944, and i don't really expect that it's ever going to get resolved. i laid out the case for eisenhower, and why i thought he did what he did. and i think, again, that goes a long way to explaining how he worked with allies and with his subordinates, and if you want to sum up the broad front-nair pro front strategy, it's really -- it really comes down to something fairly simple, and that's this. ther

hawthorne did not. so he was in the most -- he stayed with the most conservative part of the democratic party, which eventually fell apart. c-span: by the way, in the middle of your... >> guest: i hope that's clear. c-span: ... where you're talking about nathaniel hawthorne being poverty-stricken and having no money... >> guest: yes. c-span: ... all of a sudden, out of the page, pops he had a cook. >> guest: yes. c-span: how could you afford a cook if you were poverty-stricken? >> guest: different than -- different, well, eventually, they had to get rid of the cook. but you have to realize that help costs -- and these were -- the cook -- well, there was one in lenox, a black woman who came in. and in concord, there was an irish woman who came in and worked really for pennies. so that even the poor middle-class wife, who was a sort of lower middle-class wife, were better than off than the immigrants. c-span: so he worked at the boston custom house, the salem custom house. >> guest: right. c-span: he lost

how did you get it? >> the footage of the speech is widely available and has been re-aired on television. there are a lot of sources out there. >> this is unplanned. after we run this video, i am going to ask sarah and andrew to come up. we do not have microphones for them, but we will put them behind you. you guys got all the attention. >> you got shortchanged, we are the worst looking ones. >> this would be back in april. this is what got a lot of attention, nationwide. >> the constitution -- >> boring. >> i hear foghorns. >> i am not hearing any romance between us right now. you have to do it like this. >> what are you trying to say about diyala? >> give me your number, we can bump and grind. come on and rhyme. >> many of our viewers do not agree with legalizing marijuana. >> i am an angry gorilla. >> the president has been in the spotlight. [unintelligible] >> you will always have an angry gorilla to be angry with you. >> at the north pole, arctic ice is melting so fast that scientists believe it wil

how did love change him?ackson, ellen degeneres, kara dioguardi, and simon cowell. and your host, ryan seacrest. >> larry: we're back. and by the way, you can start contributing to "idol gives back" right now. just go to americanidol.com/idolgivesback. you can do it right now and start pitching in. let's ask some individual questions. ellen, you did the appeal for feeding america in l.a. with david arquette. did you work with one family? >> no, i went to where they give the food out and the warehouse where the food comes in and learned about -- it's amazing. i mean, what i learned, which was scary, there's so many families and children that are malnourished. and that is, like, the most important time for us to be nourishing our brain. it changes the architecture of our brain if we're malnourished, even for a short time. it affects everything. if kids aren't fed, which is what feeding america is doing right now, it's impacting all of us. >> larry: were you surprised at what you saw? >> yes. also, there are vol

that is why i did it. once i did that for myself i realized not only i but the people of new york court in a similar position. january 4th 2007 they were told everything about new york state would change on day one and on march 122008 when elliott resigned, they knew that most things had changed and changed for the worse frankly and since then things of new york state have gotten even worse with no end in sight. i felt the people of the state of new york deserve to know what happened to and not with prostitutes but their government. the phrase in my head was from another book from the autobiography of malcolm x and i remember malcolm had said we did not land on plymouth rock. plymouth rock landed on us. that people felt plymouth rock and landed on them all they have gotten was three minutes 46 seconds into public appearances along the lines to those much is given, much as expected i screwed up and i am leaving good luck. i felt the people of the state deserve to know a lot more and need to understand more

so that's what we did. and i was very interested that that night, as i drew my number -- i was no. 17, and there were 17 contestants. it was in the carnegie hall of harrisburg, state capital. i drew the number, of course, with no advantage because you only know what you're going to speak the same 10 minutes -- everybody has the same 10 minutes to prepare. you're notified that your turn is next 10 minutes beforehand. but i drew the brion peace compact, and as i made my little speech, i pointed out that brion said the league of nations could not produce peace, but the league of nations was an instrument to be used by people, but peace would come in the hearts of men when peace -- when men really wanted peace, they would have peace. and i used that -- and i used that (unintelligible) illustration, i said. the message of peace had come some 2,000 years ago, but if you remember, the parents of this child were turned away at the inn, like my parents -- like my principal and my teacher and i had been turned away.

>> i did. >> did you convey this to the audit committee? i never -- >> did you convey it to an auditor? >> i did. to two auditors. >> did you receive a response with reference to what you conveyed? >> no, i did not. >> there was nothing said to you after you passed this off? >> there was just acknowledgment that they knew about the issue. they didn't know the amount. >> you heard mr. black. he used the term fraud. are you of the opinion that there was fraud? >> i can't comment. >> mr. black, i have enough time to come back to you. in your opinion based on what you said, you think there's not only fraud in the civil sense but also fraud in the penal cents. is this a correct statement? >> yes. the elements are the same. just a higher burden of proving in establishing those elements. there is set criminal fraud as well. >> have you conveyed with your sharing with us and all the information to some authority that has the authority to investigate fraud? >> if you are familiar with my ridings i do this on a weekly basis. >> we have a record we ar

i did track and he did as well.e were already ache claim mated to knowing each other before the big push to move in happened. >> mike: were there friends of yours that thought that your family was crazy? >> i'm sure there was. they weren't vocal about it. >> mike: they never said anything. >> no. my friends never. may have been for fear michael, you know, would kill them. [ laughter ] but, no. my friends are very open to michael. you know, when i look back on it now, that question is asked a lot. when i look back on it, they were very sweet to him and we all got a along really well. his friends were always welcome at our house because our house is his home. my friends were the same. we all got along really well. >> mike: s.j., i want to ask you, are you as entrepreneurial as you are portrayed to be. i see you as ceo of one of the top companies in america some day and not very long from now. >> well, jay did a pretty good job. and -- i like to tell myself that, i guess. i think jay might have pulled myself off better

so yeah did eventually go back and do it. >> when did she meet her family? where did you find them? >> i met them -- i guess it was actually january 1 of 2001 minute any of them in person. >> was that exciting? >> yeah, it was sort of terrifying and i've been trying for a very long time to get them to talk to me and they were very resistant. it took me about a year and a half -- >> with a suspicious? >> i was one in a long line of people is coming to them particularly white people and they just didn't trust anybody. you know, they have had so many bad experiences. henrietta's medical records were released to a journalist and published at one point in that book, conspiracy of cells, and trend. at one point someone came to them and said he was a lawyer and was going to sue on their behalf and then ended up trying to steal the mother's medical records. there were so many things that happened to them they didn't know who to trust and didn't believe anyone no matter what they said they were trying to do. so, you know, the very understandably were weary of me. and so it took a long time t

i did. >> host: and wonder the books, i am paraphrasing, there was no single meeting to plan the cover-up. >> guest: never. the cover-up was very much catch as catch can pick it was reaction to what was happening as it happened. a lot of confusion and initially, as to what had occurred. you know, why were all these men arrested in the dnc, democratic national committee. who was james mccullough at the reelection committee? who were these cuban-americans? we were really struggling to put together the pieces initially and try to understand it. but as i say, you know, the best of my knowledge i had not heard of the crime of the structure of justice at that point. it wasn't until we're well on the other side of the law that i pull the code book down and start looking and say what are we doing here, is this a problem? indeed it was. and when i first raised for example, with john ehrlichman and another lawyer, i said it looks clear to me like a instruction of justice. we had better have second tho

to mark what we did it about three years ago. we missed jack kemp. he was a happy warrior. he was a man about ideas, principals. >> you did not have to agree with them, but he believed politics was supposed to be about ideas and not character assassination or trivial tactics of the moment. we could use more people like him. >> what is this project about? >> it was an oral history project. he did not want to be a biographical project, he wanted it to be about policy. he wanted them to explain that it was a huge lack of knowledge about how it works. many congressional studies develop themselves -- to buy >> you are doing work for the foundation? >> for people who knew president and mrs. for? >> how is it set up? do you release it right away? >> no, everyone has their own approach to this. you want people to feel comfortable. there is a debate about whether you should use a camera or not. if you were comfortable with the interviewer, and the subject, with the four project, all of these are being videotaped and they will be held by t

i knew we did not review because of the comfortable operations. >> did you have an average? >> our minimum capital requirements, it's not like there were hundreds of companies to choose from. you know, i really would not -- i wouldn't want to speculate. >> you wound up with 26. so it's like 100 batting average? >> i like right now is 26 is every warehouse line that we've done. some of them have nothing to do with subprime. they are current lines that were financing fannie and freddie fha loans. >> there's agency and nonagency. correct. it's one of the documents which i'm sure the staff with classify. let me proceed on this. one thing that mr. prince, and we'll have a chance to talk to him tomorrow morning. one the things he said, he said two things. i want to see if you share his views on these matters. he said, i believe in the hindsight, the lack of adequate originate of mortgages create the situation on the demand side found a place where more raw material would be created and created safely. more and manufacture these mortgages were created as raw material for the securi

did you hear that testimony? did that trouble you?>> id did trouble me that that was his view, yes. >> he testified that some of the bankers have complained to brian clarkson and that he was asking too many questions. it wanted him to be removed from their deal reviews and they got their wish. did you hear that? >> i did not think he heard them say that they got their wish. >> he said he was taken off the case, right? >> i do not know of a case where he was. >> you did not hear him say that he was no longer to work with a couple of banks? >> in fact, he worked with at least one of those banks. >> did you hear him say that he was taken off the case with those two banks? taken off the client list for those two banks? >> i did listen to this testimony. i do not recall. >> was it true that he was not told -- told not to work with one or more banks? >> i am not aware of that. >> were you there the time? >> i was there the time. >> so you were not aware that he was restricted in any way from working on cdo deals with certain banks? >> i was

>> larry: what did you make about michael jackson passing? did you know michael?loved the music that he made and the spirit he brought and just showing people how to love and to reach out and give back. that's what he did with most of his time and money was spent on giving back. he was never about himself and it was always about others. >> larry: how did dr. dre find you? >> his brother, half brother warren g was in my group, 213 he and nate and we had a tape and he took it to the bachelor party and the music cut off and he slipped my tape in. when my tape came in, people was dancing to it and dre was like, who was that? he's like that's my home buy snoop. and he introduced me to him, and the rest is history. >> larry: when we come back, we will meet young snoop, and that is is not his name. his dad calls him spank and i call him snoop jr. he'll be with us after the break. if perfection is what you pursue, this just might change your course. meet the new class of world class. the twenty-ten lacrosse, from buick. may the best car win. >> get in and ride with us. le

>> how much did he make? >> yes. >> about the same. >> it did anyone else make anything? >> he made a bonus of $50 million. so, they got rich. i think that he was sincere. at that moment, when it happens -- with the flood happens and you were on the ark, it is kind of a torn up moment. >> we are out of time. why do you do this by the way? your number one on the list, what are you running around the country? >> because they tell me to. i sign something that says i will do it. >> thank-you. >> thank you. ♪ >> for a dvd copy of this program, call 1-877-662-7726. for free transcripts or to give us your comments about this program, visit us at q&a.org. q&a is also available as a c- span podcast. ",">> next, former british prie minister tony blair speaks to labor party members. then, a look at senate history but the senate historian richard baker. after that, another chance to see "q&a" with all the michael lewis. >> tomorrow, on "washington journal," clark kent ervin talks about the no-fly list. representative don edwards talks about democratic efforts to target open house sea

i did not have health care, did not look for, and did not use it. the year after that the state charged me $292 because i did not have health insurance. i did not like that. guest: and what this caller is referring to is the individual mandate, also part of national reform. the reason this mandate is so important is that there are many people who could get health insurance and do not, when they are healthy. if they only use it when they're sick, they drove up the costs -- they drive up the costs of premiums. if we have everyone who is eligible with access to affordable health care in the insurance pool, it brings down the costs for everyone. host: if you were not injured, how often is that fine assessed against you? guest: once per year. you must file with your income tax to demonstrate whether or not you have health insurance coverage. host: and the guy said the bell $259? guest: i believe he said $292, the penalty in the first year of the implementation of health reform. right now i believe it is about $900. host: still, the thing that would be en

>> yes, we did. >> you did what?bought the loans back. >> did you go out and look for them after you found them? when you read these documents that fraudulent mortgages had been secure tiesed -- >> this document saysed that we sold loans that were delinquent. and that's never right. that's never what we represent. >> what did you do at the time you saw this, right? you saw this at the time. >> right. we bought the loans back. >> i know. did you go out and look for them ? did you initiate the recovery -- >> yes, tom lehman worked for me. yes. >> pardon? >> tom lehman worked for me. >> and you told him to go out and found all of these documents regarding these loans? >> i'm talking about the specific question. >> how about the previous documents, when we -- when we identified -- >> when you saw these documents, we talked about three, four documents here. when you talked about these documents, you're saying in every case you told your people go and find every security that incorporated these fraudulent loans, we're goin

did you see the movie? >> yes, i did.nd i were brothers. he used to call me a lot, you know, whenever -- because i'm always telling him dirty jokes. >> larry: what a surprise. >> whenever he needed a laugh or pumping up or something, he would call me to get a new joke. >> larry: what was he like to sing with? because if ever there were two distinct voices in american popular music, country or otherwise, it would be yourself and johnny cash. you could not hear either one of you and say who is that. what was it like to sing with him? >> well, it was great. every night -- in fact him and waylon and chris, i was their biggest fans. got it stand there every night and watch three of my heroes sing and me standing over on the other side of the stage and joining in every now and then. but no, i loved john's singing. and waylon and chris. >> larry: the highwaymen worked, how did you choose how many minutes each man would do, and what percentage did you sing all together? >> kris was here, john was here, waylon was here and i was h

he did not believe in a personal god. i am not sure that if it would be right to say i have but problem it is written for different people in different ways them posed theological questions and talked about the cosmic cents and talked about how amazed he was by wonder and mystery he recognized that religious people are also animated by wonder and mystery but that he was content with inklings and wanderings rather than questions and conclusions. >> host: which is lovely. what about darwin? >> guest: darman? dar win was raised in a christian culture and headed to be a minister although that has much to do with social status and culture as it did to do with faith. i feel we have complete the misremembered are one and i would love to be part to start a new disk negative -- discussion not only what he has to do with religion but helping us have to defend imagination. at the end of his life he was agnostic and i think he was very similar to einstein that what he observed and discovered were the natural laws were creation he use

>> i did. 2 of them. >> did you receive a response? >> no, i did not. >> nothing was said to you after you pass this on? >> there was an acknowledgement that they knew about the issue. i do not think they knew the amount. >> mr. black has used the term fraud. the you think there was brought? -- there was fraud? >> [unintelligible] >> in your opinion, it seems that you think there was not only fraud in a civil sense but also in a penal sense? is this correct? >> yes. the elements of the same, there is simply a higher burden of proof of establishing the elements. >> have you conveyed what you are sharing and perhaps other information to some authority that could investigate fraud? >> i do this on a weekly basis in my writings. it is in my prepared testimony. yes. >> have you received a response to what you called to the attention of these authorities? >> the sec has never contacted me about any of the things i have attempted to alert them about. >> named the authority that you took evidence of fraud to? >> i took it to the public. i did

this is what i did do.hat i wrote -- every now and then i write a column for -- a little column for bloomberg news. and i wrote a column making fund of the people at davos three years ago. every year these self-important people go to davos for the economic summit and every year they say the sky is falling. and i just went back and i looked at the -- they say the same thing every year. so i made fun -- i poked fun at the self important people at davos every year coming together to explain how awful things were going to be and then going back to their roles as central bank governors or whatever they're doing and not do anything. so -- and there was a line in there that did say you know because they were all saying derivatives are the big scary thing but nobody was explaining why. nobody was talking about sub prime mortgages. there was this -- they were derivatives. and so i just said, now, in theory derivatives are meant to redistribute the risk in an intelligent way and i've never -- nobody's explained to me

it perfectly and by near did it entirely terribly they both made mistakes and did things well but undersecretary gartner who has been the champion or the master of this for a long period of time, over a year, the process has been a relatively opaque as to which banks got money and why and who and what the provisions would be i think if you put money in a bank that saves said that the shareholders should be vno carrierringconnectno carrie0 shedding yourself of exceptional costs and debts so you can re-emerge as a stronger and may, that was the right course. ultimately that was a course that was taken. detroit is now in me much stronger footing to the bankruptcies but giving them tens of millions of dollars that was unnecessary and wasted and instead of the company's management teams and the board's guiding the bankruptcy process ultimately the government got into the process we have the right solution of managed bankruptcy but only after we wasted a lot of money. >> host: i wonder if you think somehow the teapartiers movement and people on the bright in this country that look at the bail-out not

well, i did not follow his recommendation. >> what did he suggest? >> i cannot remember exactly what it was, but the years have long gone by. >> you are very close to being the longest serving justice in the history were the oldest justice in history. has any of that entered your thinking now? >> no, i am not out to break any records, i assure you that. i just enjoy the war, and each -- i just enjoy the work, and each year i have thought about it and continue to enjoy it and continue to make a contribution. >> what do you do at age 89 to stay as healthy as you are? >> well, i play a lot of tennis. i don't play as much golf as i used to because my foursome is not the same as what it used to be. when i am in florida, i go swimming every day, play tennis probably three times the week. >> is that painting over the mantle of any significance? >> that is queen victoria, dawn in the 1980's. apparently, that is a portrait that is in a number of the schools. over in england. >> why don't you sit over here so we get you more comfortable. right out that window

did you think it was sam? >> guest: the reason i thought it was pat buchanan that was a romantic interest. i think he would have been a wonderful deep throat while wanted somebody that had noble motives and he would have. >> host: joining us from pittsburgh. go ahead. >> guest: thank you for taking my call. i have two comments and a question. first of all, it is difficult to define the conservative movement but karl rove gave us a clue i wrote once had a quote where he said once you think you have less figure out we change and go in a different direction. my second comment is recently a right training supreme court rules that large corporations could have campaigned advertising in during the 2000 campaign roast of obama's donations came from lower to middle class people like myself. we're getting more than usual and larger numbers a was a the supreme court ruling to bring more corporate money into the 2002 republican campaign to are due donations made by average income americans? >> guest: you're talking about

always was his. >> kroft: did he talk about what he did for a living?: no, he didn't sit at the table and say, "you know, by the way, my take from the numbers rackets are up this week," you know? it didn't go like that. >> kroft: and he didn't have conversations like that with the... with some of his friends. >> gotti: no. other than my father being away from home, you know, being incarcerated, and the hours that he kept, our house was a pretty normal house. >> kroft: gotti says it wasn't until he was 14, when he was shipped off to boarding school at the new york military academy, that he found out exactly who his father was and what he did. and he learned it while watching a news program with his fellow cadets. >> gotti: and i remember it was 1979. and we're watching a show, and they're saying, "this man's a captain in the gambino family," and this, that and the other thing. and they're talking about him. and i'm mortified. i'm in the back row, and i'm watching this. i'm not saying nothing. and they says, "john gotti," and they... and they're talking.

how did that black guy get in?he wheel, man. >> jimmy: can i tell you something? i met a black guy who was not happy that he got in. >> what? >> jimmy: yeah, i almost -- i was so surprised. it seems like whatever your politics you'd be excited that something like this happened. >> and he a cool president. >> jimmy: he is. >> obama be pimping when he gets off air force one. you know, he's black and white so people don't realize, obama is black and white. only time you see his white side is when he dancing. >> jimmy: you're right. >> the only time. >> jimmy: that's the worst time to see it. >> but he's cool man. i know things have changed in the white house, because we keep it real and i know michelle brought the burberry curtains up in there. i know they got a fubu rug in there. i know they drinking hennessey and singing "let's stay together" by al green. ♪ let's stay together [ applause ] >> jimmy: you turn, what 45 next week? >> 45, yes, next friday. >> jimmy: is there a big plan? you going to do anything? >> no,

i am understand why they did it. they were afraid of the disruption that might have been caused by the delay in resolving it. how many opinions are precedent for nothing? >> host: chain from the midwestern states say i don't mean to-you feel old but i was in high school during the watergate hearings. she worked in state government for 23 years and said i am disillusioned with, quote, the dream unrealized of having a cadre of professional public servants that elevates the management and the analysis of the politico and campaign contributions influencing the process. >> guest: i was having dinner with friends last night with a local lawyer and we were talking about how the special interests have grown and i was saying they have grown so potentially in the city. the money in the city was a nice restaurant and everyone was comfortable. this city is not recession-proof because it has all these special interests who are wining and dining people. >> host: it is recession-proof? >> guest: it largely is. it affected real-esta

chairman, we did. there is a whole series of actions that we take, which i've outlined in the appendix, which you have and which i repeated some early in my testimony, but let's remember, in a document that you sent to us, which is a federal reserve document, it says in july 1998, the federal reserve board and hud submitted a report to congress on mortgage reform, that report concluded that improved disclosures alone were unlikely to protect vulnerable consumers from unscrupulous creditors. the report recommended that congress consider the need for additional legislation, the report made several recommendations for possible amendments to hoepa, such as further restricting balloon notes, regulating the seal of single premium credit insurance, minimum standards for foreclosure. now, i sat through innumberble meetings on the issue of hoepa, and we had, for example, detailed requests coming from a large group of representatives in 2000 and i think it was seven senators, about a month or so later, requestin

you did it. you did exactly the same thing under the guise of compassionate conservativism, which to me is redunn can't. conservativism by nature is compassionate. when you throw compassionate conservativism, we can spend a lot of money. the whole thing about helping out religion and government and how do we advance that agenda. i don't want to protect government from religion. i want to protect religion from government. because whoever write the checks, makes the agenda and i think, you know, people right now are just like, you know what, common sense, getting back to just common sense, stuff that we have to do every day, and hopefully i capture some of that in the radio show and hopefully i got it in the book. >> thank you very much for your time. we appreciate it. >> ok. thanks a lot of. >> of after his book "invisible man" ralph ellison worked on but never published another novel. the sector of mr. ellison's literary estate and an english professor present a posthumous second novel from over

of course. >> he did this show in england before any of us did it.r -- bow to him. i don't mean bow, but bow. oh. >> servant, grovel, bow. honestly, there's a great deal of sport in that. i think the two of us have fun. >> larry: do you like simon? >> absolutely. i have actually have learned a lot from him. >> larry: would you call him a friend? >> i would. >> larry: simon, would you say the same? >> what? >> there we go? >> larry: would you call ryan a friend? >> 99% of the time. >> larry: what annoys you about him? >> something off camera. >> what, exactly. >> no, we get on fine. we get along fine. it's -- it's as ryan said, it's sport. >> larry: is it part of the schtick. >> no, there are times. >> larry: you never hesitate. >> there are times, i have to be honest with you, they didn't show the clip where i'm sitting there doing the show and suddenly like having a little wasp or something in the room, it -- something comes over and sings you, it's like, where did that come from? and i'm talking to a contestant and it's like, buzz, buzz, buzz, stin