[applause] and additionally mike mc kenny with electricians and tim paulson with the labor council ande casey president in the back of the room over there. this is a project of the kind that makes building trades workers salivate. it is a startingly beautiful design from what we have seen so far. i am going to embarrass myself and speak in norwegian and it's the kind of project where we can look forward to bringing our skills to work on a project that will fully demand those skills, so that is quite apart from the hours it will bring to us, it quite a part from the food we will put on the table and the house payments and so on. that's one of the reasons this project really excites us and it's a dramatic project. however, we are happy to try to minimize the drama of actually building the project and this is what this particular agreement d a lot of things are in this particular agreement and i think it's a real accomplishment, something that will provide us a practical and effective means of addressing local hire andet going san franciscans to work so thank you. [applause] >> so our fin

other] dagen: down their throats -- charlie: the president of the united states, hank paulson, head of the fed, timner, all the major financial company save please do this and you have two days to do it which is what went down you do it. and what you are liable for, is part of this. jpmorgan stock down a little bit. the price tag around 250 to 270 or more, the announcement from what i understand that come this afternoon. we will have to wait. you need the full commission to sign off on it. the chairwoman mary schapiro, the last major settlement as chairwoman there will be a change at the sec, that will come later today. it is goldman sachs a couple years ago on the abacus deal, jpmorgan on this one. there could be a few more of these and other stuff they're looking at, mortgage investigations. all the major wall street firms, pretty good banks take these mortgages and package them into securities and sell them to people, how they sold them and what they were disclosing when they were selling them as the housing market, comprised of mortgages, and when they knew it, if you look at the charges and th

henry paulson did his job in two thousand and eight securing goldman's multi billion dollar bailout he was replaced in the new obama administration with tim geithner who had worked hand in glove with goldman sachs as head of the new york fed which was supposed to oversee and regulate them and geithner made sure that goldman received more than fourteen billion from the bailout of failed insurance giant aig. what's happening here goes back more than a decade in two thousand and one goldman sachs secretly help greece hide billions of dollars through the use of complex financial instruments like credit default swaps this allowed greece to meet the baseline requirements to enter the eurozone in the first place. but it also created a debt bubble that would later explode and bring about the current economic crisis that's drowning the entire continent but always looking ahead goldman protected itself from this debt bubble by betting against the greek bonds expecting that they would eventually fail ironically the man who headed up the central bank of greece while this daisey deal was being arranged with goldman was drumroll please lucas papademos