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May 20, 2012
05/12
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>> i know the character of paul franks.omething he wouldn't do. >> i won't put up with you talking to my driver like that. >> i ain't listening to you, buddy. you get back in that ambulance or i'll take you in. i'm talking to the driver. >> paramedic white says he wouldn't let the trooper talk to his driver because he believed his patient would suffer from any delay. he tells the trooper about the patient, but the trooper persistsght now. >> you want to go ahead and pull over to the side of the road when there's an emergency vehicle behind you? >> the logical thing to do would be to take it up at the hospital or take it up with us later. but he totally ignored my statement that we have a patient on board. >> you better get back in that ambulance before you get your butt to jail now. you understand me? >> after we take the patient to the hospital, you can take me to jail. we will discuss this, okay? >> paramedic white refuses to back down. his patient has fainted in her home and has a history of heart trouble. trooper martin
>> i know the character of paul franks.omething he wouldn't do. >> i won't put up with you talking to my driver like that. >> i ain't listening to you, buddy. you get back in that ambulance or i'll take you in. i'm talking to the driver. >> paramedic white says he wouldn't let the trooper talk to his driver because he believed his patient would suffer from any delay. he tells the trooper about the patient, but the trooper persistsght now. >> you want to go ahead...
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May 4, 2012
05/12
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paul. >> reporter: frank we would love to take you behind the doors right now but the students are studying. i will tell you we got a chance to check out this decked out dorm room. this is derek's dorm room. electrical engineering major created a system he calls brad which stands for berkeley ridiculously automated door. right now it's in party mode which means the curtains are closing. >> i want to learn how to operate like a home, a room. so i spent 3 months getting this. >> his computer sing ron eyeses all of his equipment. and he up loaded it to youtube. >> he had pictures of his room and taking apart the electric switch plates to try and modify the wiring in his room. >> university officials are worried other students will try to copy low. they are not allowed to tamper with property that allows to the school. however, officials had an electrician check out his room. he will only have 10 years to enjoy it because his freshman year is coming to a close. >> i deny expect it to go viral. >> reporter: he even made the hometown paper in singapore. it's getting even more attention than he ca
paul. >> reporter: frank we would love to take you behind the doors right now but the students are studying. i will tell you we got a chance to check out this decked out dorm room. this is derek's dorm room. electrical engineering major created a system he calls brad which stands for berkeley ridiculously automated door. right now it's in party mode which means the curtains are closing. >> i want to learn how to operate like a home, a room. so i spent 3 months getting this. >>...
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May 19, 2012
05/12
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WRC
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frank stronach. to present the winner, paul reddam, governor. >> thank you very, very much. it's my honor, mr.in the company of mayor and lieutenant governor anthony brown to present to you, mr. reddam, the most coveted trophy in all of sport, the woodlawn vase. congratulations. >> thank you. >> i think i owe it to these guys, really. >> paul, can you take us through your emotions as you're watching that epic stretch unfold. >> well, i knew it was a long stretch. and i have to say, there was a point where i didn't think we were going to get there and we keep digging and bodemeister was running his guts out. it was a fantastic race. i didn't feel confident we were going to get there until about ten yards from the wire, and then it just all let go. >> no horse has won a triple crown since 1978, 34 years, the longest drought in racing history 37 what would it mean to paul reddam to own the next triple crown winner? >> 34 years? i didn't know that. no, i'm kidding. you know, laffit, i haven't thought past today because i just didn't let myself do it. you know, i just can't imagine it. so i'm just
frank stronach. to present the winner, paul reddam, governor. >> thank you very, very much. it's my honor, mr.in the company of mayor and lieutenant governor anthony brown to present to you, mr. reddam, the most coveted trophy in all of sport, the woodlawn vase. congratulations. >> thank you. >> i think i owe it to these guys, really. >> paul, can you take us through your emotions as you're watching that epic stretch unfold. >> well, i knew it was a long stretch....
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May 20, 2012
05/12
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one other thing i would say, congressman frank -- we have not been as austere as the europeans. paul krugman and other economists would say yes we are still austere as to where we should be. you almost sound like a conservative as compared to where they would like to take the economy and have far more spending, far more aggressive attempts to generate economic growth so he would be in the middle ground >> he would be in the middle ground. >> we have heard about the secret service, and congressman frank believes that this oil parties, -- they spoil parties. >> obam ahas his evolution on gay marriage. congressman frank will be married to his partner. what does this bring to the conversation? >> he has worke don gay rights -- worked on gay rights, out with important issues through his career. we have heard him speka openly -- speak openly and with better pride. it is a cornerstone of his legacy. >> it is fair to say that as long as this issue was debated in washington, the politics didn't change. gaystatuete, opposing marriage. there is a shift in the last 15 years as it becomes more of
one other thing i would say, congressman frank -- we have not been as austere as the europeans. paul krugman and other economists would say yes we are still austere as to where we should be. you almost sound like a conservative as compared to where they would like to take the economy and have far more spending, far more aggressive attempts to generate economic growth so he would be in the middle ground >> he would be in the middle ground. >> we have heard about the secret service,...
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May 1, 2012
05/12
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they have been quite frank about their oppositional approach. paul ryan has a plan. there's been a republican proposal here and there. by in large the republicans have defined themselves in opposition to barack obama. they've been very frank about it. the president is going to call them on it and dry to deepen that impression of blame as the campaign is under way. it's clear what the strategy is. blame the republicans for obstructionism. claim credit for whatever economic successes there have been and attack the heck out of mitt romney. you saw it on display today. >> thanks. >>> a republican strategist and former romney advisor says women are not paid less than men. rachel serves him the facts. joan walsh will weigh in. >>> president obama saves the american automobile industry, so the romney camp says it was mitt romney's idea. you don't want to miss this one. stay with us. >>> republicans are trying to deny there's a gop war on women. now they are trying to deny that women have been paid less for equal work. women make just 77 cents for every dollar a man makes in
they have been quite frank about their oppositional approach. paul ryan has a plan. there's been a republican proposal here and there. by in large the republicans have defined themselves in opposition to barack obama. they've been very frank about it. the president is going to call them on it and dry to deepen that impression of blame as the campaign is under way. it's clear what the strategy is. blame the republicans for obstructionism. claim credit for whatever economic successes there have...
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May 10, 2012
05/12
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paul. chris jansing will speak with congressman barney frank. . >>> here is a look at your business traveli'm meteorologist bill karins. the only really troubled weather we have out there, light rain exiting areas of new england this morning and also this rainy weather system poseing a lot of trouble for texas in the days ahead. from south texas all the way up south of dallas, rainy weather over the next couple of days. today rain exiting the northeast. have a great day. if you grow for me, you'll get cookies for free. nothing worked. ♪ but we started using miracle-gro garden soil. you just mix it with your backyard soil... and it feeds your plants for up to 3 months. my plants grew bigger... more beautiful... with more flowers and vegetables. guaranteed. everything changed with miracle-gro. for you are these flowers, like soap is for showers. everyone grows with miracle-gro. whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ hi, i just switched jobs, and i want to
paul. chris jansing will speak with congressman barney frank. . >>> here is a look at your business traveli'm meteorologist bill karins. the only really troubled weather we have out there, light rain exiting areas of new england this morning and also this rainy weather system poseing a lot of trouble for texas in the days ahead. from south texas all the way up south of dallas, rainy weather over the next couple of days. today rain exiting the northeast. have a great day. if you grow...
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May 26, 2012
05/12
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but on the list, frank, of the three, i would pick representative paul ryan. number 1 -- >> you agree or disagree? >> representative paul ryan, here's why because his budget guru skills. i mean, he understands the budget process. i think that mitt romney would be well to have someone like that because navigating the legislative process is going to be critical in that regard. secondly, he's bright, sharp and articulate. high has the energy to complement. so he would be a good complement. >> your reaction to paul ryan. >> the economic powerhouse. you have someone who can write budgets and run businesses. so to have the two of them, we would have a good solution for our country economically, our number-1 issue right now. >> i want to hear from obama people. >> i think paul ryan will destroy the humanity of the united states as we know it. >> i do, too. >> i think that paul ryan would do the same. >> how? [overlapping dialogue] >> he is hurting a lot of people, i believe. >> he wants to cut everything [overlapping dialogue] >> $4 trillion in debt. we are broke. [o
but on the list, frank, of the three, i would pick representative paul ryan. number 1 -- >> you agree or disagree? >> representative paul ryan, here's why because his budget guru skills. i mean, he understands the budget process. i think that mitt romney would be well to have someone like that because navigating the legislative process is going to be critical in that regard. secondly, he's bright, sharp and articulate. high has the energy to complement. so he would be a good...
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May 3, 2012
05/12
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frank. >> i'm talking about the house. >> i mistook that. maybe talking about us. >> then cut their budget by 30%. >> well, that's not quite the way, as paul harvey used to say there's the rest of the story on some of these things. when it came to dodd frank, which was a third part of your opening question is how things could have been different, if there was some degree of certainty in the marketplace today. if the person who you say the one of your heroes with regard to the eclipse that we came to the edge of the cliff i was going to say, he was one of the leaders even of our own party he was one of the leaders that led to the uncertainty. why did we have the situation back then, was because wall street, the businesses across the country during just up to '08 saying what is washington going to do? and there we had hank paulson come to the forefront and said we're going in this direction. shortly after he said no, we're going 180 degrees in this direction. so what was wall street going to do when the hero of washington is coming out saying we're not sure where washington is going in this direction. >> let me let neil weigh in. you weren't there
frank. >> i'm talking about the house. >> i mistook that. maybe talking about us. >> then cut their budget by 30%. >> well, that's not quite the way, as paul harvey used to say there's the rest of the story on some of these things. when it came to dodd frank, which was a third part of your opening question is how things could have been different, if there was some degree of certainty in the marketplace today. if the person who you say the one of your heroes with regard...
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May 19, 2012
05/12
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frank stronach. to present the winner, paul reddam, governor. >> thank you very, very much. it's my honor, mr.in the company of mayor and lieutenant governor anthony brown to present to you, mr. reddam, the most coveted trophy in all of sport, the woodlawn vase. congratulations. >> thank you. >> i think i owe it to these guys, really. >> paul, can you take us through your emotions as you're watching that epic stretch unfold. >> well, i knew it was a long stretch. and i have to say, there was a point where i didn't think we were going to get there and we keep digging and bodemeister was running his guts out. it was a fantastic race. i didn't feel confident we were going to get there until about ten yards from the wire, and then it just all let go. >> no horse has won a triple crown since 1978, 34 years, the longest drought in racing history 37 what would it mean to paul reddam to own the next triple crown winner? >> 34 years? i didn't know that. no, i'm kidding. you know, laffit, i haven't thought past today because i just didn't let myself do it. you know, i just can't imagine it. so i'm just
frank stronach. to present the winner, paul reddam, governor. >> thank you very, very much. it's my honor, mr.in the company of mayor and lieutenant governor anthony brown to present to you, mr. reddam, the most coveted trophy in all of sport, the woodlawn vase. congratulations. >> thank you. >> i think i owe it to these guys, really. >> paul, can you take us through your emotions as you're watching that epic stretch unfold. >> well, i knew it was a long stretch....
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May 10, 2012
05/12
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representative paul's proposal to abolish the fed and measures introduced by financial services ranking member representative barney frank and joint economic committee vice-chairman kevin brady. this is a little less than two and a half hours. >> this hearing will come to order. without objection, all members' opening statements will be made a part of the record. the chair notes that some members may have additional questions for these two panels which they may wish to submit in writing. without objection, the hearing record will remain open for 30 days for members to submit written questions to these witnesses and to place their responses in the record. i also ask unanimous consent that those nonsubcommittee members who are present be recognized if they wish to give opening statements or ask questions. i now recognize myself for five minutes for an opening statement. first i want to thank our two colleagues for being here today, and they will be recognized shortly. but as many members know that the subject of the federal reserve and monetary policy has been something that i've been interested in for a long time, believi
representative paul's proposal to abolish the fed and measures introduced by financial services ranking member representative barney frank and joint economic committee vice-chairman kevin brady. this is a little less than two and a half hours. >> this hearing will come to order. without objection, all members' opening statements will be made a part of the record. the chair notes that some members may have additional questions for these two panels which they may wish to submit in writing....
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wall the fourth time and defending series champions area frank easy claim his thirty first career women is now outside with sebastian board day and paul tracy on the all time victories list second place once a friend kitty's teammate scott dixon. was going to about twenty people was in there and tony was amazing really star in annexing tony's. it seemed if you're going to sit down. and it was really timing when you go to the front. car is going to be something that's going to run something to. school. it's a basketball were called friends finals have started as this sentence on a spurs held their nineteenth win in a row asked for a beating at the oklahoma city thunder one hundred one led to gates manu geno but he scored a play of heights when his six points and this first of the series lead and signed the n.b.a. record for the longest winning streak that's the two thousand and one los angeles lakers had on their way to the championship. let's get to the traffic in now were the u.k.'s jonathan brownlee made it sue wins out of following his latest triumph in the world triathlon series events in madrid brownlee's surged ahead to win by c
wall the fourth time and defending series champions area frank easy claim his thirty first career women is now outside with sebastian board day and paul tracy on the all time victories list second place once a friend kitty's teammate scott dixon. was going to about twenty people was in there and tony was amazing really star in annexing tony's. it seemed if you're going to sit down. and it was really timing when you go to the front. car is going to be something that's going to run something to....
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May 9, 2012
05/12
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. >> paul krugman, nobel prize winning economist at princeton university and author of the new book "end this depression now." frank joins us from virginia beach on our independent line. frank, go ahead. >> caller: mr. krugman you have been around for a long time and there's been plenty of times back in the early '90s when you could have come out and said, folks, this is not going to end good, with all of the ridiculous manipulation of the markets using artificial, monetary and fiscal tinkering to manipulate things, you know, you have had -- you know present of opportunities to say, hold it, we can't continue to ease, ease, ease and stimulate, stimulate, stimulate. i mean a fifth grader could be trained to add stimulus to the economy. the problem is we don't have any real economists in washington. there's no intellects left in washington. there's no academics they have traded their intellects for a security blanket and a pacifier. >> let's just be clear, when george w. bush pushed for unfunded tax cuts. i said don't do this. i said this is the time that the economy is reasonably strong, this is the time to be payin
. >> paul krugman, nobel prize winning economist at princeton university and author of the new book "end this depression now." frank joins us from virginia beach on our independent line. frank, go ahead. >> caller: mr. krugman you have been around for a long time and there's been plenty of times back in the early '90s when you could have come out and said, folks, this is not going to end good, with all of the ridiculous manipulation of the markets using artificial,...
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paul plot foiled by the t.s.a. a few weeks ago the t.s.a. stop to this potential terrorist seven year old dina frank who suffers from cerebral palsy unlike rianna dina doesn't look like she's from middle eastern descent so this was an especially good catch by the t.s.a. it was stopped from boarding the plane and forced to miss your flight because the t.s.a. had to make sure she didn't have plastic explosives stashed in or crutches the hearing. if you don't want to hear. her scream or. thanks to. the young boy might also have had a bomb wired to his wheelchair thankfully the t.s.a. did its job of making america safe by feeling him up before he was capable of taking down an american airliner too so we should all take a moment right now and thank the t.s.a. for groping one child after another so that we can all sleep better at night knowing that our skies are safe from terror babies course all the americans who are afraid of terror babies blowing up planes and all those folks look pretty damn so you must look like security theater and when you're taking an eighteen month old child off airplanes and gro
paul plot foiled by the t.s.a. a few weeks ago the t.s.a. stop to this potential terrorist seven year old dina frank who suffers from cerebral palsy unlike rianna dina doesn't look like she's from middle eastern descent so this was an especially good catch by the t.s.a. it was stopped from boarding the plane and forced to miss your flight because the t.s.a. had to make sure she didn't have plastic explosives stashed in or crutches the hearing. if you don't want to hear. her scream or. thanks...
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May 3, 2012
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new book, newt gingrich, eric cantor and paul ryan were among the republicans plotting against president obama on the night of the inauguration. pollster frank luntz was also there. this is far worse than mitch mcconnell saying his top political priority is to make president obama a one-term president. the country was shedding. 700,000 jobs a month and we needed bipartisanship if we ever did. whatever happened to the country-first attitude? well, it went out the door. let's turn to robert draper, contributing writer for "the new york times" magazine and author of, "do not ask what good we do: inside the u.s. house of representatives." robert, great to have you with us tonight. great book, appreciate you being here. just what happened and what was their motivation? take us back to that conversation among these gop leaders that night. >> sure, it was the evening of january the 20th, 2009, the evening of the inauguration, and 15 republicans gathered together. frank luntz had put the program together in the caucus room, which is a washington, d.c. steakhouse, and it was -- he sort of described it to the others as saying, look, we're ul irrelevan
new book, newt gingrich, eric cantor and paul ryan were among the republicans plotting against president obama on the night of the inauguration. pollster frank luntz was also there. this is far worse than mitch mcconnell saying his top political priority is to make president obama a one-term president. the country was shedding. 700,000 jobs a month and we needed bipartisanship if we ever did. whatever happened to the country-first attitude? well, it went out the door. let's turn to robert...
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May 6, 2012
05/12
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then more recently paul volcker got another version called the volcker rule which was brought into the dodd-frank adds for much the same reason. it was a little different. these banks were bailed out by the government and it cost the taxpayers money. basically the same reason, but he wanted to define the ruler little differently than glass-steagall. but it's the same idea that tanks can-do proprietary eating -- proprietary trading. then you get logged down in the details though and this is where the lobby is common. i don't think there uniformly evil. maybe some of them are evil. i have a chapter in my book on lobbyist and i think most people are a mixture of good and evil. the lobbyist i think are skilled in finance and they point out, you are going to shut down all these activities in our bank that they are integral to what we do when we provide services to the customers. you can't just shut this down. you can but you will destroy your banking system and we won't be competitive with the international situation. can you just tinker with this rule of little bit so we can do this that we have alwa
then more recently paul volcker got another version called the volcker rule which was brought into the dodd-frank adds for much the same reason. it was a little different. these banks were bailed out by the government and it cost the taxpayers money. basically the same reason, but he wanted to define the ruler little differently than glass-steagall. but it's the same idea that tanks can-do proprietary eating -- proprietary trading. then you get logged down in the details though and this is...
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May 28, 2012
05/12
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frank luntz. let's look at the three leading contenders for vice president and how you rank them. see how they rated paulwhen i was waiting tables back in college i didn't see myself as a victim. i saw myself on a road to opportunity pursuing happiness how he define it for myself. >> before we talk about paul ryan let's look at marco rubio. >> he's becoming increasingly dev srissive. this president has so much rhetoric. all of the things that made us different and special four years ago are gone and now all he does is divide americans against each other because he can the run on his word. >> let's look at how they reacted to rob portman. >> mr. president, we need a proposal taken up by this united states senate that is driven by good economics. unstead what we are getting is one that is driven by campaign rhetoric. >> who better to rundown these best choices than the former vice presidential candidate businessman extraordinaire someone who you would call a friend herman cain. welcome. >> thank you. (applause) >> what does mitt romney need in a vice president? what should be the attributes he is looking f
frank luntz. let's look at the three leading contenders for vice president and how you rank them. see how they rated paulwhen i was waiting tables back in college i didn't see myself as a victim. i saw myself on a road to opportunity pursuing happiness how he define it for myself. >> before we talk about paul ryan let's look at marco rubio. >> he's becoming increasingly dev srissive. this president has so much rhetoric. all of the things that made us different and special four years...
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May 23, 2012
05/12
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paul wagner, fox 5 news. >>> another bond hearing for a man accused of killing a local rapper. franklin, who performed under the name frank digy was shot to death in december during a drug transition. charged with murder in the case who arrested yesterday. he is being held without bond. a new investigation asking whether dea agents hired prostitutes while in columbia. comes weeks after the prostitution scandal. at least two drug enforcement administration agents could be involved. the dea says the investigation began based on information from the secret service. eight secret service officers lost their jobs for their involvement with prostitutes at a hotel in columbia. >>> now a fox 5 health alert and the fierce debate. the panel of doctors who advised the government say doctors should no longer offer the psa test to healthy men. dr. keith is the urologist from medstar at georgetown university hospital. thanks for being with us tonight. give us a little more insight on what's behind this recommendation. >> so basically, to be blunt, what's behind this recommendation is fraud analysis of a fraud study and misguided conclus
paul wagner, fox 5 news. >>> another bond hearing for a man accused of killing a local rapper. franklin, who performed under the name frank digy was shot to death in december during a drug transition. charged with murder in the case who arrested yesterday. he is being held without bond. a new investigation asking whether dea agents hired prostitutes while in columbia. comes weeks after the prostitution scandal. at least two drug enforcement administration agents could be involved. the...
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May 28, 2012
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frank luntz. let's look at the three leading contenders for vice president and how you rank them. see how they rated paul> when i was waiting tables back in college i didn't see myself as a victim. i saw myself on a road to opportunity pursuing happiness how he define it for myself. >> before we talk about paul ryan let's look at marco rubio. >> he's becoming increasingly dev srissive. this president has so much rhetoric. all of the things that made us different and special four years ago are gone and now all he does is divide americans against each other because he can the run on his word. >> let's look at how they reacted to rob portman. >> mr. president, we need a proposal taken up by this united states senate that is driven by good economics. unstead what we are getting is one that is driven by campaign rhetoric. >> who better to rundown these best choices than the former vice presidential candidate businessman extraordinaire someone who you would call a friend herman cain. welcome. >> thank you. (applause) >> what does mitt romney need in a vice president? what should be the attributes he is looking
frank luntz. let's look at the three leading contenders for vice president and how you rank them. see how they rated paul> when i was waiting tables back in college i didn't see myself as a victim. i saw myself on a road to opportunity pursuing happiness how he define it for myself. >> before we talk about paul ryan let's look at marco rubio. >> he's becoming increasingly dev srissive. this president has so much rhetoric. all of the things that made us different and special four...
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May 15, 2012
05/12
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frank in the coming weeks and this new round and the losses of jp morgan. >> kelly wright thank you for joining us this morning. patty anne? >> -- patty ann? >> ron paulalling it quits for his presidential campaign. the republican congressman telling supporters in an e-mail he will no longer spend money in states that aren't holding primaries yet. he praised them for supporting mitt romney and urged them to continue to do so. he will have a conference call to go over their plan. >>> a long time new jersey airport security supervisor is known as jerry thomas. jerry thomas is dead. his real name is nigerian. he used a fake id to hide his immigration status. he worked as a security supervisor at newark international for 20-years having passed background checks and everything. we will have this story in a live report later in the show. >>> an al qaeda affiliate in yemen is releasing an english training manual. telling wannabe terrorists not to leave their home for a week so they can understand what terror camps are like. they said to image virgins waiting for them in paradise when they feel afraid. it is written by a man who is known to spread terrorism.
frank in the coming weeks and this new round and the losses of jp morgan. >> kelly wright thank you for joining us this morning. patty anne? >> -- patty ann? >> ron paulalling it quits for his presidential campaign. the republican congressman telling supporters in an e-mail he will no longer spend money in states that aren't holding primaries yet. he praised them for supporting mitt romney and urged them to continue to do so. he will have a conference call to go over their...
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May 15, 2012
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snowe's point, just in massachusetts, i mean you had republican governors frank sargent in the '70s. bill weld in the '80s. paulask you, dwhoot ywhat do you the future of the national republican party is? is it going to incorporate people like you? does it have room for people like you or is it just going to go the way indiana seems to have gone? >> well, i hope not. i hope there will be room and to tolerate the disagreements. president reagan espoused that as well. use the litmus test and those things that unite us as republicans. and those areas we disagree, let's agree to disagree. and that's not happening anymore. and it has to be tolerance for varying views, if you want to become a majority party in this country and sustain that majority. and i think we have to demonstrate, do we have the ability to govern? if we capture the senate, for example, and the presidency, it's going to be very important to be able to demonstrate that and not just engage in ideological absolutes which is also happening. >> you know, when i was growing up, to be a senator, to be a united states senator was at least, on my block, i
snowe's point, just in massachusetts, i mean you had republican governors frank sargent in the '70s. bill weld in the '80s. paulask you, dwhoot ywhat do you the future of the national republican party is? is it going to incorporate people like you? does it have room for people like you or is it just going to go the way indiana seems to have gone? >> well, i hope not. i hope there will be room and to tolerate the disagreements. president reagan espoused that as well. use the litmus test...
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May 11, 2012
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frank. >> narrator: they've pulled together a group of financial heavyweights, among them former citigroup ceo john reed, wall street super-lawyer rodgin cohen. former sec chairman william donaldson and former fed chief paulvolcker. across the table are officials from the fdic's office of complex financial institutions. it is their job to plan for a big bank failure. >> ...mitigate systemic risk. >> so the scenario is sort of everything but title ii. >> narrator: there are many questions. >> non-bank operations... >> narrator: how to unwind derivative contracts? >> billions of dollars notional value of derivative trades... >> narrator: how to protect customers' money? >> the funding is provided by a line of credit provided... >> narrator: how to deal with foreign subsidiaries? >> the subsidiaries went into the solvency, value was eliminated... >> narrator: how to prevent catastrophe? >> this is a problem f the entire strategy. you continue to have mega-banks. because from a market point of view, surely what you're looking through to how disruptive would that be, what kind of systemic knock-on effects could it create? >> i don't know how this ends. we like to think that we live in unique times, but during
frank. >> narrator: they've pulled together a group of financial heavyweights, among them former citigroup ceo john reed, wall street super-lawyer rodgin cohen. former sec chairman william donaldson and former fed chief paulvolcker. across the table are officials from the fdic's office of complex financial institutions. it is their job to plan for a big bank failure. >> ...mitigate systemic risk. >> so the scenario is sort of everything but title ii. >> narrator: there...
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May 4, 2012
05/12
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frank's state. take a look at romney, is v.p. pick, paul ryan, chris christie, scott walker, mitch daniels. you decide whether these people have reasonable public policies. >> barney? >> to be accused by bill speaking on behalf of republicans of insufficient commitment to rational immigration policy is like being called silly by the three stooges. [applause] i mean that with no disrespect because -- to the three stooges, shemp howard was married to my fther's cousin, babe rank. >> now, that's impressive. >> it has been the republicans demagoguing it, including mitt romney who has moved far to the right on this. there was an extremist, and this is not the reagan republicans. if you look at the house, the way they vote, they have gone far to the right. and the key issue i would have is this. it is one of the differences, i have with some of my republican friends. we differ as to how much we should continue to maintain an active policy of america having this worldwide goal. here is the problem. i am disappointed when people continue the great mistake president bush made into the some one, two
frank's state. take a look at romney, is v.p. pick, paul ryan, chris christie, scott walker, mitch daniels. you decide whether these people have reasonable public policies. >> barney? >> to be accused by bill speaking on behalf of republicans of insufficient commitment to rational immigration policy is like being called silly by the three stooges. [applause] i mean that with no disrespect because -- to the three stooges, shemp howard was married to my fther's cousin, babe rank....
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May 9, 2012
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frank, 16 term democratic congressman representing the fourth district of massachusetts. he is the sponsor of h.r. 3420. i will not recognize congressman brady for his opening statement. >> thank you, chairman paul, ranking member clay, members of the subcommittee. before discussing sound dollar act i'd like to acknowledge work that dr. paul has done on the subcommittee, the longtime, former member joint economic committee to bring sound dollar the forefront of the public debate. inflation has been called many things, a hidden tax, government sponsored and worker paychecks, or dr. paul often says feds. more and more americans understand the absurdity of the monetary policy, that ultimately devalues our own currency. we agree on three key points. observing the valley of the dollar is essential, to economic growth and prosperity in america. the federal government must not be allowed to monetize its debt. our financial system should serve the interests of all americans, just of the interests of what washington and wall street. again i'd like to thank you, chairman, for your steadfast commitment to bring those issues to the forefront of the public debate. i'm pleased to testify on behalf of the soun
frank, 16 term democratic congressman representing the fourth district of massachusetts. he is the sponsor of h.r. 3420. i will not recognize congressman brady for his opening statement. >> thank you, chairman paul, ranking member clay, members of the subcommittee. before discussing sound dollar act i'd like to acknowledge work that dr. paul has done on the subcommittee, the longtime, former member joint economic committee to bring sound dollar the forefront of the public debate....