, paulson's book to get into that. i wanted to stick as you point out this is a long enough book as it is. if i had delved into policies rubin had pursued in washington that may or may not have benefited goldman sachs or paulson, people have already written the story of what paulson did in the treasury, during the bailout and what it may or may not have benefited goldman sachs i was mostly interested in how these guys would evolves in these positions at goldman sachs to the point they were willing to lead what has got to be seen as like the holy grail on wall street being the head of goldman sachs and willing to leave to go into washington and yes we have evolved into such an interesting point in early 21st century america where people like bill clinton before they could be considered legitimate serious candidates had to get the approval of people like bob rubin so the people who run wall street are sort of employee and candidates . nobody's going to take him serious as a candidate until people on wall street start tak

you mentioned bob reuben and hank paulson, two recent ones.here's many others i describe in the book. even this financial crisis we've just come through, goldman was able to see trouble coming unlike every other firm on wall street and do something about it. they made a big bet against the mortgage market that paid off in terms of billions of dollars for goldman that every other firm did not see and just pretended didn't exist and, basically, all went down the tubes. but i think what you do get out of this story is how often goldman found itself in trouble and how skilled it was at getting out of trouble. and so that was probably, you know, don't forget wall street has always been a dangerous place. firms have been going in and out of business their whole, you know, for the history of wall street. most firms don't make it. and most firms before 1970 when they started going public and becoming public companies were small private partnerships that had limited amounts of capital that, you know, they got from their partners. and if something happe

henry paulson grew up on a farm 40 miles outside of chicago.is grandfather had been a leading watch maker and businessman in chicago, but those businesses failed during the depression, and his father was, basically, a farmer. and john corzine who also ran goldman for a period of time grew up on a farm in the southern illinois. this is the kind of person that makes it to the top there. we're not talking about sons -- rarely daughters, unfortunately, don't seem to have much place at goldman -- but these are not the sons of privilege. this is real meritocracy, and it's an impressive collection of people. you know, honestly, in reporting this book and interviewing these people they exhausted me. i mean, spending three hours with henry paulson can be exhausting because he's so much energy even though, you know, he came across when he was treasury secretary as somewhat inarticulate, and people have remarked on that, i found him extremely articulate and extremely energy energetic and charming, incredibly charming. and so, you know, three hours later w

[paulson laughs] nobody quite made the music you made. it takes a nation of millions is not the kind of music that you heard from other people at the time. it's a statement that you didn't hear from other people at the time. what drove you in the direction of very pointed political commentary and in-your-face kind of music? our sole intent was to destroy music. [laughs] and sonically, we set out to do that, to redefine what people thought of as music, at least in the black urban sense and rap. and also to be able to say something. rap was basically about, to us, saying what you know and saying what you believe and just filling the rap up with words. and being that my first records, i'm 26 and 27 years old, i'm not going to try to sound like a 13-year-old kid, and i'm not going to try to appeal to them either, 'cause to me, rap was a grown person's sport, as it hit myself. so obviously, being a child of the '60s, i'm gonna say what i know, say what had impact and influence on me. myself and hank and others, we would promote gigs and put ma

i'm ken paulson. my cohost today is john seigenthaler, a highly respected journalist who also served as special assistant to attorney general robert f. kennedy during the civil rights movement. after retiring from newspapers, john went on to found the first amendment center. john and i are delighted to welcome a pulitzer prize-winning author and journalist whose recent book, called the children, focuses on the work of courageous young people in the civil rights movement, and whose earlier book, the best and the brightest, was the definitive study of american policy in vietnam. david halberstam. [applause] i have to ask the first and most basic question. you graduate from harvard in 1956. five. '55. with great distinction. no, i was a terrible student. [laughter] i was in the bottom third of my class. that was the heart of my question. how badly did you do at harvard? [laughs] i think i had-- i mean, i think it's true of a lot of people in journalism. i had in those days what we didn't know was attenti

reads south korean staged bomb blast to cash in on stocks and this guy obviously learned from hank paulson he was the best that this the all star at this south korean man stage two minor bomb attacks with homemade explosives and sold last week in an attempt to cash in on stock investments by affecting market sentiment police said they said quote he invested fifty million won or forty six thousand dollars this month and said he believed bomb explosions will send stock markets falling giving the concerns of terrorism after osama bin laden's death well this is a huge issue this man has stumbled upon something very important markets are over leveraged markets are reflective of hundreds of trillions of dollars in leverage so yes a small thirty or forty thousand dollar bomb then. caused markets to crash because they're so highly leveraged by the professional hedge fund managers five hundred thousand dollars on nine eleven because of multi-trillion dollar collapse forty five thousand dollar investment there could cause a multi-billion dollar collapse this is not really this guy problem so much as

i'm ken paulson. our guest today has written challenging and provocative plays over the past four decades, earning three pulitzer prizes, two tonys, and a reputation for art with an impact. please welcome edward albee. [applause] i was struck by the number of times people have objected to your work. and yet, i've sat here with people whose careers have been marked by censorship and challenges. i'm not sure i've ever met anyone whose very first work at age 12 was censored by his adoptive mother. what was that about? well, you see, i started writing poetry when i was about eight, and she didn't read poetry. but when she found out that i'd written a three-act sex farce... [laughter] at the age of 12, or to be fair about it, probably 12 1/2, though still i didn't know very much about farce and practically nothing about sex at that time-- or at least, my knowledge of sex was singular-- [laughter] i wrote this three-act sex farce. very short acts. each act was about eight or ten minutes. and i'd like to thi

the two big losses that i took away from watching too big to fail last night were number one the paulson geithner and bernanke he would not consider the ronald reagan solution to the u.s. and also snow banks you know in the us know when reagan deregulated the s n l's and then a couple years later they crashed after a whole bunch of people like neil bush had made a pile of money. basically you know they took them over to put a guy named william seaman in charge of the resolution trust corporation the took over basically nationalized the s n l's and over about a twenty year period actually made a profit selling them back into the private business and the second one is that the banks just took our money and they will not rely on that they paid themselves one hundred thirty five billion dollars which was about what we loaned out and you get that at the end of the h.b.o. special is really quite shocking we have seen this movie before know it william siegmund who died just last year easy he was a one of those good republicans i mean this this guy was a adroit eisenhower republican ronald reaga

steve paulson is live. >> now the temperatures 60s and 70s. some of the upper 50s too much of an on shore breeze. we are head into a holiday weekend. we will take a look at that coming up shortly. here is sal. >>> three lanes of southbound 880 in oakland are back up and working after a car hit a man. witnesses called the highway patrol just after 12:30 this morning reporting a man crawling across the roadway near the fruitvale exit when officers arrived on the scene the man was dead. the highway patrol shut down three lanes of 880 while they conducted their investigation. those lanes reopened just after 2:00 this morning. as we take a live look now traffic is moving along now. so right now everything seems to be back to normal. at 4:31 let's go back to the desk. >>> topping our news this morning. overnight news that a four- month-old baby reported missing from her home has been found. there are still a lot of questions though surrounding the mystery. ktvu jade hernandez joins us with what family members are saying about the 24 hour long search

paulson? >> i am walter. ♪ you got treasure island on a string sitting above the water wrap the string around your fingers what a city, what an island fix it up so fine city island is a beautiful thing city, you hold the string your silly if you ever let this play scope's -- this place go you have the city island on a string, sitting on a rainbow wrap the string around your city figgers -- fingers what an island what a city what a place ♪ chairperson mar: thank you. mr. brooks? >> eric brooks, representing san francisco green party and our city. at last week's planning commission hearing, we reiterated our strong opposition to this project and that the eir should be recirculated. we were joined by the sierra club and others in that same call for the eir to be recirculated. the reason for this is not only the past things i have seen -- i have said about c level dangers, but the main reason now is the massive financial and governments changes in this project. these changes have happened all with

of the retail side is you know basically you know the equivalent of hank paulson going into a liquor store not going over but he's the same mindset that from the same other there are sprung from the same tomac strauss kahn tarth seaman. but other top stories from around the world but many of the strauss kahn has signed as the head of the international monetary fund and insiders say it's also those who for bail for the charges and section sort of spending. is offering to go on the house arrest. uncle bracelet track his movements his lawyer say he's already ready to parent and one million dollars in cash. seven or seven times the plane has crashed north of point air base in southern california three people aboard managed to escape and then injuries the plane was operated by a private for tracked by the u.s. navy to support its. space shuttle endeavor successfully go to the international space station. shuttle come on astronauts mock the leverage the most expensive freight at the station to believe it is the last flight for endeavor and announcements of this space shuttle program. now t

let's check in with steve paulson. what is the weather going to be like today? >> better. we have a lot of cool readings. still a chill to the morning air. after yesterday a little cloud cover skirted us yesterday afternoon. today warmer with 60s and mid- 70s. now sal with an update on any traffic. >>> highway 4 traffic is moving well if you're driving up to the willow pass grade with no major issues right now. traffic good all the way to concord. a nice drive on interstate 880 in front of the oakland coliseum. at 4:31 let's go back to the desk. >>> we begin with developing news from contra costa county. investigators are on the scene of a shooting on the delta trail part of the east bay regional park district. we're told that a man was shot just after 11:30 last night. no information about the extent of the victim's injuries has been released. we do have a crew though on the scene. we're going to have the very latest information coming up at 5:00 . >>> the man accused of trying to storm the cockpit of a san francisco bound jet is due in court this morning. ktvu's kraig de

united states won't be as use the same think happens here maisha see this on the big government paulson who created a same crazy the same effect as to manipulation of the market and there is the same results as for example of a united states lehman brothers ripple opt out of iraq even here it's happening exactly the same league where once markets collapsed because it was c.v.s. to create government boards yes were familiar now is how the hedge funds and the banks get together and they collude and they engage in market manipulation and insider trading to collapse economies to collapse countries and on this front with greece you've got john paulson right he was in the country recently with goldman sachs colluding to collapse the economy correct. position to just one year copper gold who was here with either fund managers together with the goldman sachs whom the with old international speculators who were fear not friends there when i spoke a lot so their credit betterment bed together should be seen us their magic their trading day and their been nice critique over meant the course dr to

trading to collapse economies to collapse countries and on this front was greece you've got john paulson right he was in the country recently with goldman sachs colluding to collapse the economy correct cannot petition to just one year a copper gold who was here with either fund managers together with goldman sachs in there with russia or speculators who were here not friends there when i spoke at the lobster greek government bed together should be seen yes they're monitoring their trading them in dubai and i was greek government. that are to process my understanding is that the greek constitution says very clearly that in the case of debts owed abroad if to pay those debts it causes hardship on the people that there is no obligation to pay those debts as kind of fide by the greek constitution these are staring measures therefore cars are by definition hardship on the people and by definition constitutionally there's no obligation to pay these debts so why is the greek government so willing to break the law and look persecution is not speaking exactly about government beds but course it

i'm ken paulson. back next week with another conversation about the first amendment, the arts, and american culture. i hope you can join us then for speaking freely. captioning provided by the freedom forum first amendment center captioning by captionmax www.captionmax.com

to look at what's happened since two thousand and seven when the extra money goldman sachs hundred paulson created the. bankrupted layman in september two thousand and eight actually bankrupted lehman brothers bailed out g.e. the world's largest insurance group because goldman sachs is former bank was up to their neck in. the news with the. various securitization assets and the tarp fund seven hundred billion dollars of taxpayer money was given to henry paulson carte blanche after the lehman bankruptcy so they have more or less destroyed the domestic u.s. economy the real estate debacle rolls on rolls on rolls on the unemployment grows in the u.s. there is no recovery there's not even a green shoots of recovery going on europe outside of germany in a few bright spots is is floundering in the after effects of this. financial bubble that goldman and company helped create were in there are loath or and the economic research is the one from germany today i think you're in for an r.t.s. appreciate it. colin threats are about to get a joint response to terrorism and drug trafficking of being tac

invest with you like we want to invest with him shortly. >> i'm a clone. >> in terms of william, paulsone that i was quite surprised and intrigued of the fact that william played that role. it creates a totally different person while he creates the life-saving function for the banks that he did in this movie. at the same time i -- i'll bend over and give him the credit that maybe he wasn't just saving the banks. maybe he was trying to save the country. >> who were the government folks trying to save? were they saving the banks, or were they saving the economy? were they saving the nation? what do you think they thought? >> that's a question where you can only give them the benefit of the doubt. >> right. >> but -- the bp thing is another failure. all tracing back to regulation. the bank failures, the housing failures, all lack a regulation and carrying out official duties by government people. they have been deprived of a leg to stand on, but they had legs to stand on, and they were deficient. they were -- >> the critical moment to me was when -- >> not lehman brothers, but all the other

i feel like the script really focuses on paulson as your center piece.geithner was a sort of fascinating figure to me because when i first started to do a little bit of research on him, the easiest access i had to take on him was the contentious hearings he would have at congress. it was an interesting introduction to somebody you're going to try to warm to in some way. first, i had a long way to go. i did not go to m.i.t., so i had a longer way to go to understand much of the language. so i focused mainly on the hair. i figured if i got my hair right, that would be just about as much as i needed to do. there were aspects of geithner's personality that i thought were interesting. you know, behave yoor. that's one of the things that you often latch on to as an actor if you have the opportunity to portray a real person is you want to feel their behavior. you want to be like them because the people who are watching probably have access to him as well. but in terms of his mind, the people that i spoke to seem to indicate i canecall on particular phrase a wom

i turned to tim paulson and said, wwe could solidify those projections. i heard that there were possible state legislation that could be brought up to solidify this, and trying to find out what this legislation may be. we can throw these resources behind legislation. that is if this is useful to the people. i never heard the specific legislation that we could support. if so happy to hear about the stronger protections and i support this project. >> gene adam, matthew fontas, kevin -- it looks like a doubling of cards. corey brae. ramsef maro. hiroshi fakuda. >> do so one of the principal managers there, and is interesting, what we spoke about. i would like to say, i am from san francisco, 51 years old from the western part of town, just like the western portal. i grew up and all of that here, and i think that we're lucky to have such a wonderful team of architects and developers, such a great plan, to know that this line will be going right to the middle of the project. this is very fantastic. i understand the concerns, very much. we have dealt with the s

before you plan what you wear today, let's check in with steve paulson. i'm hearing talk of rain. >> where did you hear that talk, pam? >> you. >> that's correct. some coming in from the north bay, san francisco, sure looks like that. south of that, more clouds. system pulling north, but plenty there. not a lot, but for this time of the year, will keep highs today only in the 60s. >>> interstate 880 traffic is moving along through oakland. the commute is not affected by any difficulties getting up to the mcarthur major going to hayward. san francisco, northbound 101 traffic looks good coming to the 80 split. there is a problem on city streets in san francisco near the corner of lombard and pierce. a pedestrian has been hit. >> reporter: that's right. the fire department is already here on scene. they were cleaning off the street. this is pierce and lombard. you can see here the eastbound lane has been blocked off, at least since the accident happened around 1:30 this morning. pictures were being taken here of the crime scene. we know the driver involved i

>> walter paulson. >> ♪ they really want to meet you mr. ford want to meet you mr. ford and it takes

meteorologist steve paulson will tell us how gusty the winds are.it or ticket sign. just do remind you you might receive a visit from your chp officer. that is terrible. hate that. put that seat belt on. westbound 80 that traffic looks okay. this mornings drive on northbound 101 that traffic looks good getting into san francisco. here is steve. >>> sal, about 53 miles an hour near the altamont pass. good morning, on this monday breezy to windy sfo gusts 34 miles an hour. point rays about 46. so there are some wind gust there is that are kicking up their heels. our observer ron said gusts to 45 as well. at the surface only sfo is out there with anything over 30. it is a breezy blustery morning for some. 20-25 we will hold on to that later today. a little system spinning right there. watch the convection right there. boom. for this time of year this san extremely active and cool pattern. 40s. upper 40s or right at 50. slightly warmer for a few but not many. northwest santa rosa. west at the napa airport. livermore south, southwest at 10. you can see a

>> walter paulson. >> ♪ they really want to meet you mr. ford want to meet you mr.ord and it takes along mr. ford they really want to see you really want to be with you really want to meet you ford and it takes a long in the bus oh, it comes so long oh come along they really want to see you ford want to be with you ford but it takes so long ♪ and there's a fancy beer bottle. ♪ see, i was born revelling man trying to make the m.a.c. the best i can. and i saw some drinking in the back of a bus doing lots of graffiti and lots of stuff and they don't want to see them end up on the wrong side of the law and you'll text it over what you saw city i was born a rambling man trying to make the city the best i can and they're always having a good time on the back of the bus jam bling and doing lots of stuff make it better soon you can ♪ ♪ thanks. >> directors this is completion of public comment. moving on to your consent calendars. items on the consent calendars. a member of the board which is to have an item considered separately. no members of public has indicated to have a

let's check in with steve paulson. >> reporter: cooler is the friday forecast after yesterday cooldown started on the coast. inland it was still warm-hot. but not today. so it's stetting up and fog is coming down the coast. i did go a couple low 80s. everyone will drop a good 10-15 degrees. here is sal. >>> traffic on highway 4 is off to a nice start. no major problems as you drive up to the will low pass grade. also on the east shore freeway traffic is is moving well. with nounier plans but in san francisco we have breaking news. deadly hit and run crash. jade hernandez is on scene. she's already talked to a witness. jade. >> reporter: that is right the body is still out here this morning. inspectors are here. they are trying to determine exactly what happened. i've been told by san francisco police there are three scenes. this one where the hit and run occurred. another one where there is vehicle. and another one where the suspect was arrested. you are looking at paramedics taking the 23-year-old to the hospital. he suffered wounds to his face and hands. th suspect damaged cars as we

let's check in with steve paulson. >>> we have more low clouds and fog. already moving locally inland. very similar. upper 50s. >>> traffic is moving along nicely if you are driving on highway 4 bay point. also this morning in oakland traffic moving well in both directions. let's go back to pam. >>> this morning the chp is looking for the gunman responsible for a horrifying highway shooting. ktvu claudine wong tells us the driver was critically injured with gunfire. >> reporter: let us tell you what we know at this hour. we are on east 2nd. apparently the victim went into this mcdonalds for help. the employees inside tried to help him and called 911. the shooting did not happen there. take a look up the road where we are standing. you can see the sign for interstate 80. it happened on the freeway four miles away from here. it happened east of the glen cove exit. the victim was in the car with a male passenger when someone in another vehicle pulled alongside and hit the driver. the driver kept going for four miles passed four freeway exits. he finally got

steve paulson is here. how's the weather, steve? >>> pam, dave, good morning. we have patchy fog on the coast. not too much is making a push inland. just a little bit around the bay and temperatures will start to warm up now. low 80s inland. we'll see this westerly breeze turn more northerly later on and the fog will get wiped out. 60s, upper 60s to low 70s around the bay and upper 70s and low 80s inland. here's sal. >>> good morning. westbound interstate 80 traffic is moving along pretty well. but there is a crash little bit farther up west 80 at solano avenue. it's also causing a little slow down eastbound 80. this is in the san pablo richmond area. commute looks good at the bay bridge toll plaza. it's 5:00. let's go back to the desk. >>> we're learning more details this morning about the raid on that compound in pakistan where osama bin laden was killed. it was one of bin laden's personal couriers who unknowingly led the c.i.a. to bin laden's hiding place. u.s. officials say president obama made the decision to launch a surgical attack on the compound with h

let's look at the movie in this scene, former treasury secretary hank paulson played by william hurt,o save the insurance giant aig. >> it's another bailout. with no legislation. the hill is going to -- the country will go crazy. >> the plane we flew in on this morning leased from aig, construction downtown, aig, life insurance, 81 million policies with a face value of $1.9 trillion. billions of dollars in teachers pensions, it's everywhere, you want too big to fail here it is. >> peter, as where you wrote the script, who were the villains and heros of that crisis? >> it's very interesting. because i started off with a lot of preconceptions about who the heros and villains were. but the truth is, one of the ironies of the piece is that there are a lot of heros and a lot of villains and sometimes it was the same people. you have people in power like hank paulson who went from being the ceo and chairman of goldman sachs, and was certainly part of the wall street trend of working washington and trying to deregulate, and now here he is, in washington, as secretary of treasury trying to de

never figured into the price of oil which is why gasoline is so cheap because we don't put all the paulson which is bad accounts and certainly is bad environmentally. peavey's it falls ill or phones ocean because it's the equipment that failed but we americans share a fair amount of the blame. most of us saw in denial about the whole energy situation the reason they're out there getting the oil is we demanded and they can still make money on. b.p. oil on the river us is not going to go drill in one mile deep water if they are my money. but they can make money because all energy policy. then don't keep drilling and it's gonna happen again. industry learn and change the federal agencies my tighten up some they're going to be fools not to but follow through is pretty powerful i'm sure they're up there lobbying in the halls of legislature in the halls of the agency every day every hour. we don't give up their very tenacious we love where we live and we think well we live here it's our duty to protect that environment check our communities and so i'm just so sorry that i live to see this. this

let's start with steve paulson because the weather is chillier this morning. >> that is no doubt. we have a big fog bank out there. and there is a strong

steve paulson, how does the day look today? >>> it looks cloudy and more rain moving in. some already especially towards santa clara valley. more for everyone later on. highs today really cool. upper 50s and low 60s. this next system looks like it will start to increase the rain here rather soon. there goes one system. here comes the next one dropping in. it's going to increase the rain. another dreary day. here's sal. >>> good morning. westbound interstate 80 traffic is still looking pretty good coming out from richmond and berkeley all the way down to the macarthur maze. the conditions are not bad for driving. it looks like it's dried off a little bit here on the upper deck of the bay bridge. traffic is looking good all the way into san francisco. but you can tell it's just a little windy. more traffic and weather in six minutes. 6:01. back to the desk. >>> all right. sal, thank you. happening right now it's been a little over 24 hours since the space shuttle endeavour lifted off from florida. nasa has been holding a mission status briefing in houston. you're looking at