in familiarity, here is simon johnson talking about it.o run the international voluntary fund. he was the chief economist for that. so you know he's a real expert. quote. any smart inning investor will want to be better compensated for investing in a particular firm, this raises not lowers the cost of capital. the effect on job creation salt lakely to be negative, not positive. understand why he's saying that, is what this does is it makes it easier to commit fraud, because they are loosening regulations through n ron and they are taking it way. even some of the safeguards we had during the great depression are take that go away too. it makes it easier, what simon johnson and many others are saying, if you make fraud easier investors will be his s less licklikely to put money in our market because they are more lake to get ripped off. now that you know the beings facts listen to john bader and his interpretation. >> this bill will help small businesses, jump start them, provide access to capital. another one of our plans that i hope the se

the record quotes and articles from -- secretary geithner, the president of the united states, simon johnson, former imf chief economist, all that say that europe is working hard to address the problem and has the ability to handle the problem. i think it's an important statement. >> without objection. >> thank you very much. i would like to come back to the stress test that came out last week, chairman bernanke. and 15 of our largest banks examined have sufficient capital to withstand a crisis, according to this test. and by calculation, that is roughly 78% of all the banks tested. and i would call this overall positive news, although our banks do need to be -- do more. would you agree? >> yes. there's been a very substantial increase in capital and ability to withstand stress. >> i have a specific question that pertains to the european situation. what should we be doing here at home in order to ensure that american banks stay well positioned to manage their exposure to europe and the european financial situation? >> well, as supervisors, the first thing we look at is capital. the capital s

now, i bring this up because simon johnson, the former chief economist at the international monetary fund, the i.m.f., recently wrote that -- quote -- "with the so-called jobs bill, congress is about to make the same kind of mistake again as in the repeal of the glass-steagall act." i urge my colleagues to take these words seriously. unless we do this in the right way, future members of the senate will be standing right here lamenting the fact of what we did in a hurry to follow the crowd. fortunately, mr. president, there is an alternative way to make the reforms that are necessary to allow small businesses to grow without jeopardizing our financial markets and hurting consumers. as s.e.c. chairwoman mary shapiro wrote in a march 13 letter to senators johnson and shelby -- quote -- "i believe there are provisions that should be added or modified to improve investor protections that are worthy of the senate's consideration." the substitute amendment offered by senators reed, levin, landrieu includes these important reform provisions. let me list a few of the things the substitute ame

johnson of wisconsin, who opposes the health care act. we're talking with jonathan turley, law professor with the torch washington university, and james simonining us from new york this morning, law professor at new york law school. if i could go inside the courtroom this morning, when they began in the oral arguments at 10:00 a.m., what are some of the traditions that -- cameras will be in there willv -- butras won't be in there -- what are the conditions that people see? guest: clerks will come in with chief justice roberts, and then the marshall will call to order -- "god help this honorable chief" -- and then she' justice roberts will announce the first argument and the attorney will appear before the justices. my strong suspicion, based on this court and previous courts, is that the justices will be very active in the questioning almost from the very beginning. there will not be a long monologue from the lawyers, but rather, a fairly vigorous exchange among the justices between the justices and the attorneys. host: justice sonia sotomayor, when she sat down with c-span, weighed in on these traditions. [video clip] >> why our traditions