our guest is robert walker. up to this point, mr. walker, how has the law or any rules or guidelines addressed this issue? guests from that is an interesting question there is -- there is no insider-trading law at all for anybody. insider-trading is an offense, it either to be enforced by the fcc or the department of justice. it is an offense that is based on the violation of an sec rule. in terms of addressing insider- trading, there is no statute addressing insider-trading on the hill. it is my view and in view of a number of scholars and that under the misappropriations periods, members of staff and congress are liable to insider- trading charges. there is no specific rule that addresses insider-trading. there are congressional ethics rules which can capture. there is the code of ethics for government service that says that no government employee you should use information coming to them confidentially in the course of their duties for personal profit. that may be used and can be used to capture insider-trading by members and staff

after that, robert walker discusses rules on insider trading by members of congress. later, barbara slavin on a recent sanctions passed by the senate about -- on a car ran past central bank. that is later on c-span. -- on our ron's central bank. central bank. gene sperling is at 10:00 a.m. and 6:00 p.m. on c-span. >> he did not have a lot of romantic ideas about spying. he saw it for what it was. >> in "the man nobody knew," carl colby examines the life of a spy master, his father. >> he changed. if you watch the film closely and steady him, he is a soldier. he took on the toughest, dirtiest assignments given to him by the president from eisenhower on wood. but when it came time for the president, ford in this case, to ask him to lie in mislead congress, he could not do it. >> tonight at 8:00 eastern and pacific on c-span. > >> republican presidential candidate herman cain was joined by his wife outside his headquarters in atlanta where he announced he is suspending his campaign. this follows allegations by ginger white who said he had a consensual, 13-year and extram

i know that robert walker, who there was, is trying to counter balance this thing.was great as speaker of the house. but i think, strip all of this away. i really think it is largely an attack on newt because they're afraid he might win. and the republican establishment is wired into romney. that's what they had their heart set on, they had their heart set on romney winning. not a drawn-out process with a lot of money in the primary process, not have to go through destructive, intra-party fights, get rom nerks be done with it and move on to the general and start focusing on obam a. i think a lot of ducks inspector a row for that to happen. but they are frustrated because we talked earlier, romney still has 65, 70% of republicans that say no in a poll. cain surged and the women surfaced -- where are they now? i still don't know what he did. there hasn't been one -- or i missed it -- one cluesive bitted of evidence. but it was such a wave that it was forthcoming that he had to get out. it was distracting. family didn't like it. now it's newt's turn. whoever comes the

i know that robert walker, who there was, is trying to counter balance this thing.was great as speaker of the house. but i think, strip all of this away. i really think it is largely an attack on newt because they're afraid he might win. and the republican establishment is wired into romney. that's what they had their heart set on, they had their heart set on romney winning. not a drawn-out process with a lot of money in the primary process, not have to go through destructive, intra-party fights, get rom nerks be done with it and move on to the general and start focusing on obam a. i think a lot of ducks inspector a row for that to happen. but they are frustrated because we talked earlier, romney still has 65, 70% of republicans that say no in a poll. cain surged and the women surfaced -- where are they now? i still don't know what he did. there hasn't been one -- or i missed it -- one cluesive bitted of evidence. but it was such a wave that it was forthcoming that he had to get out. it was distracting. family didn't like it. now it's newt's turn. whoever comes the

i know that robert walker, who there was, is trying to counter balance this thing.s great as speaker of the house. but i think, strip all of this away. i really think it is largely an attack on newt because they're afraid he might win. and the republican establishment is wired into romney. that's what they had their heart set on, they had their heart set on romney winning. not a drawn-out process with a lot of money in the primary process, not have to go through destructive, intra-party fights, get rom nerks be done with it and move on to the general and start focusing on obam a. i think a lot of ducks inspector a row for that to happen. but they are frustrated because we talked earlier, romney still has 65, 70% of republicans that say no in a poll. cain surged and the women surfaced -- where are they now? i still don't know what he did. there hasn't been one -- or i missed it -- one cluesive bitted of evidence. but it was such a wave that it was forthcoming that he had to get out. it was distracting. family didn't like it. now it's newt's turn. whoever comes the an

after that, robert walker discusses rules on insider trading by members of congress. later, barbara on the recent sanctions passed by the senate against iran's central bank. tomorrow on newsmaker, gene sperling. he talks about the november jobs numbers and the economy at 10:00 a.m. here on c-span. >> it is convenient to listen to c-span with the free c-span radio application. you get streaming audio as well as all three television networks. you can also listen to our programs including q&a, the communicators, and afterward. available wherever you are. >> next, a look at the future of journalism and the impact of social media. you will hear reports from commentators moderated by time magazine editor and richard stengel. this is a little over an hour. >> it is appropriate we are here at a museum of broadcast communications. the questions we're going to talk about is whether that idea is an oxymoron. how much broadcast is there any more? everything is delivered to you directly. there is no twitter museum yet. there are television and radio museums. museum is not always a

finally, robert walker of ryan, and foreller chief counsel and former staff director to the senate andhouse ethics committees. thanks to all of you for being here on relatively short notice. you bring, in various way, a wealth of experience and information, so ms. sloan, beginning with you. your organization has one of the best acronyms in washington. who. citizens for responsibility and ethics in washington. i know you worked together with a number of public interest groups that advocate legislation to deal with this insider trading problem. please proceed. >> thank you, chairman lieberman, ranking member collin, other members of the committee, thank you for inviting me here today to join a distinguished panel. no disrespect to any of you personally, but the fact is, america doesn't trust you. a full 46% of americans believe congress is corrupt. stories like the one on "60 minutes" weeks ago become big news because it confirmed what so many people believe, but many of your colleagues use their positions not for the public good, but to feather their own nests. my organization, crew, fo

and robert walker former republican congressman of pennsylvania, now executive chair of wexler and walker pa as well. >>> what we said in the introduction, democrats are backing away from demanding, that 1% of us, i guess that is what they are calling it now, pay their share of taxes. is that completely accurate? >> well, i think at this stage of the game they understand the house is not going to move a piece of legislation that has that in it if you want to get things done before you leave december 23rd, some deal has to be done the fact democrats are now saying that is not the way we are going to pay for it, let's find another way to pay for it. if this is an emergency needs to be done just declare it an emergency and move on and let it happen you don't have to pay for it right now pay for it later on. >> is it a victory or is it an emergency for republicans. >> well, i think right now, at least, we have decided we are not going to tax job creators and allow the jobs to be created in the near future, but there are some other issues here the key stone pipeline, where it has potential of

robert walker comes to us with the helpful experience of having been chief counsel and staff director in the senate and house ethics committees. thank you for being with us. >> thank you, members of the committee. thank you for the opportunity to address the issue of insider trading and congressional accountability. i am not here to advocate against our before -- or for the stock act. acts do insider trading a applied to congress. the law is more than 50-50 on that. there are substantial proof problems in making an insider- trading case in a congressional context. prove that the information traded upon was truly non- public. it would be an obstacle given the continual swirl of information around the capital. at least some insider-trading cases in a congressional context -- the debate clause of the constitution, certain actions and activities cannot be used as proof in legal actions against members brought outside of congress. even the most sweeping conceivable legislation against insider trading could not trump constitutional speech or debate privilege. within congress, existing stand

finally, robert walker. and former chief counsel of the senate and house staff ethics committees. thanks to all of you for being here on relatively short notice. you bring a wealth of experience and information. miss sloan, we begin with you. your organization has one of the best acknisms in washington, c.r.e.w., citizens for responsibility and ethics in washington. please proceed. >> thank you, senator lieberman. thank you for inviting me here today to join such a distinguished panel. no disrespect intended to any of you personally, but the fact is america does not trust you. 46% of americans believe congress is corrupt. stories like the one on "60 minutes" a few weeks ago become such big news because they confirm what so many people already believe, that many of your colleagues use their positions not for the public good but to feather their own nest. my organization, c.r.e.w., has focused on misconduct of congress for many years. we have seen and complained of numerous legislators of using their positions to earmark projects, to increase the value of individual real estate hold

robert walker as a nation at the outset comes to us with the unusual and very helpful expense of havingbeen chief counsel and staff director of both the senate and house ethic to me. banks are being a. >> thank you, chairman lieberman, and thank you, ranking member collins, and members of the committee. thanks for the opportunity to address the important issue of insider trading and congressional accountability. i am not here to advocate against or for any version of the s.t.o.c.k. act. i will say, however, the images current federal federal insider trading prohibitions apply fully to members and employees of congress under the misappropriation theory. and i'll also say in my view as a former federal prosecutor, the law is more than 50/50 on that. there are substantial proof problems in making out and insider trading case end of the congressional contest, however. in particular, proved that information trade up on was to nonpublic, may be an obstacle, probably would be an obstacle given the continual swirl of information in and around the capital. there is also a unique complicating fac

we will hear from rhodes cook, robert walker, and then barbara slavin to talk about current events in iran. that starts a 7:00 a.m. tomorrow. we will see you then.

professor donahagy and robert walker with council llp. for your patience. >> thank you. >> thank you.

professor donahagy and robert walker with council llp. thank you for your patience. >> thank you.nk you to the chairman and of the committee. we have copies of legal memorandum. that ithe areas of losaw have covered this common interests. they use nonpublic information. we approached the information as a member of ethics. it may be a violation. an advisory opinion released has generally confirmed this approach. because of the allegations, the issue of insider trading has come to the floor. it is fairly clear that congress did not defend itself from the insider-trading laws. to cut through what i wanted to say, let me speak to two. want to make. -- two points i want to make. the characterization that a member of congress is one that does not involve the public trust is wrong is a matter of both law and ethics. i'm not the first to say that it involves a public trust. even before the adoption of a constitution, madison noticed this what keeping them virtuous. this is recognized explicitly in the house and the senate. it denotes the member of congress or wheeled public powder -- cong

>> under roberts' rule, a motion to continue takes precedence. >> we have a motion on the floor. commissioner walker's motion to hold the baby and give the appellant 60 days. if it is not resolved, the abatement is upheld. >> did we not already vote on continuance? can we continue to vote on continuance? >> and the debate on this one? >> on mine? >> we will take a vote on this motion as well. >> any comment? >> one question. if there is a quorum and four votes out of the members present, does that not constitute a decision? >> catherine, can you please explain that? >> basically, there needs to be a majority for that motion to pass. >> than the motion would fail. i think that is a straight motion to continue. >> what happens if there is no motion passed? >> if you are not able to take action, it is the practice of this board to continue. but i would suggest that you have a motion, just to make the record. >> finaall right, commissioner walker's motion? >> discussion. >> discussion? >> i wanted to comment on the fact that commissioner hechanova said that this was an academy with limited resources. agai

walker. he says bring it on. >>> later, the right wing says the occupy movement is over, but protesters like scott olsen say they're not backing down. robertreenwald and jesse lagreca on what's next for occupy. >>> and don't forget to tweet us using #edshow. stay with us. >>> wisconsin governor scott walker is desperately trying to stay ahead of the curve, should i say, stay ahead of the looming recall election. on monday, wisconsin democratic party chairman mike tate came on this show to announce they had already collected more than 300,000 signatures for the walker recall. they're more than half way there. this morning governor walker showed up on cnbc saying he really couldn't wait for the recall election. if that's the case, why doesn't he go out and help get signatures? >> i look forward to that. i'd love to have the chance to talk to the voters of wisconsin again. i think if voters hear the facts, every week, every day, every week, every month that goes by, our numbers get better because our story gets out and people see the positive impact of our results. the facts ultimately trump the attacks. if you see the schools are the same or

walker. he says bring it on. >>> later, the right wing says the occupy movement is over, but protesters like scott olsen say they're not backing down. robertcupy. >>> and don't forget to tweet us using #edshow. stay with us. ♪ imagine me and you, i do ♪ i think about you day and night ♪ ♪ it's only right ♪ to think about the girl you love ♪ ♪ and hold her tight ♪ so happy together [ male announcer ] when life changes, so can your insurances needs. use travelers free guide to better coverage to stay prepared. is your auto and home insurance keeping up with you? contact your local travelers agent, or call 800-my-coverage. >>> wisconsin governor scott walker is desperately trying to stay ahead of the curve, should i say, stay ahead of the looming recall election. on monday, wisconsin democratic party chairman mike tate came on this show to announce they had already collected more than 300,000 signatures for the walker recall. they're more than half way there. this morning governor walker showed up on cnbc saying he really couldn't wait for the recall election. if that's the case, why doesn't he go out and help get signatures? >> i look forwar

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walker. he says bring it on. >>> later, the right wing says the occupy movement is over, but protesters like scott olsen say they're not backing down. robertcupy. >>> and don't forget to tweet us using #edshow. stay with us. ♪ imagine me and you, i do ♪ i think about you day and night ♪ ♪ it's only right ♪ to think about the girl you love ♪ ♪ and hold her tight ♪ so happy together [ male announcer ] when life changes, so can your insurances needs. use travelers free guide to better coverage to stay prepared. is your auto and home insurance keeping up with you? contact your local travelers agent, or call 800-my-coverage. diabetes testing? what else is new? you get the blood, hope it's enough, it's-- what's this? freestyle lite® blood glucose test strip. sure, i'll try it, but-- [beep] wow. yep, that's the patented freestyle zipwik™ design. it's like it-- [both] targets the blood. yeah, draws it right in. the test starts fast. you need just a third the blood of one touch.® okay. freestyle test strips. i'll take 'em. sure. call or click-- we'll send you strips and a meter, free. can't i just have these? freestyle lite test strips. call or cli

richard nixon and william rehnquist by president reagan, 19 years and john roberts as the current chief justice by president george walker roche, six years. start with fred vincent. what did you write about him? >> well, two parts of it i guess. i haven't taken a second look at it recently, as i mentioned to you, but there is a discussion of his appointment, a little bit about his appointment and about his work, partly through the observations of one of his former law clerks who was a classmate of mine in law school and remains a very good friend. as a matter of fact we were born on the same day so we have a lot of reasons to be friends, but in talking to a art, it gave me some things i thought would be of interest to the book so i got -- that is one source and the second source is my own experience when i was working for justice rutledge and i had a few chances to come in contact with chief justice vinson during that period and so i talk in the book a little bit about the things that i had personal contact with and perhaps at a little greater length about some of the opinions he wrote, particularly in the year that i wa

after that, robert walker it discusses rules on insider trading by members of congress. later, barbara slavin on the recent sanctions passed by the senate on iran's central bank. that is live sunday at 7:00 eastern on c-span. >> television can be a teacher. it we are going to have a debate on television and you do the affirmative side of the debate, you can make more positive points. >> tuesday, a senate judiciary committee meets to discuss the televising the supreme court. you can learn more about the issue online at c-span.org with our special web page devoted to cameras on the court. see public opinion polls and what the justices have said. you'll also find a link to c- span's youtube playlist with members of congress talking about cameras in court. >> next, a subcommittee hearing on college tuition affordability and the employment outlook for graduates. virginia foxx called for school administrators to be transparent about the financial cost of enrollment while recruiting students. this is almost two hours. >> the subcommittee will come to order. i would like to than