>> i think you should talk to jim yong kim, the current president. do you have anything that you would like to bring to our attention? [laughter] >> there is no particular story. that story of when i entered, it is an ongoing issue. the other piece of that story is that happens to be a critical development project. canceling it was difficult. these are the things that we have to balance. i had to cancel something that would have had a huge development impact. that is the red line that you have to draw. no matter how important a development impact might be, you have to be ready to cancel something if you see carrots and corruption. it was a few people, a few people who had done this. now, we hope it goes forward. it is unclear whether it will go forward. that is the difficulty of this job. you've to be ready to make that kind of decision. >> paul volcker, you seem to want to say something. >> china in particular has been resistant to dealing with corruption by their own companies. which were hardly independent countries. it is also the world bank and

>> i think you should talk to jim yong kim, the current president. do you have anything that you would like to bring to our attention? [laughter] >> there is no particular story. that story of when i entered, it is an ongoing issue. the other piece of that story is that happens to be a critical development project. canceling it was difficult. these are the things that we have to balance. i had to cancel something that would have had a huge development impact. that is the red line that you have to draw. no matter how important a development impact might be, you have to be ready to cancel something if you see carrots and corruption. it was a few people, a few people who had done this. now, we hope it goes forward. it is unclear whether it will go forward. that is the difficulty of this job. you've to be ready to make that kind of decision. >> mr. vogel, your closing thoughts? >> absolutely. what he just said, he has got a long ways to go. it has been very resistant to dealing with corruption in their own companies. they found that within the world bank

>> i think you should talk to jim yong kim, the current president. he knows exactly what is going on now. do you have anything that you would like to bring to our attention? [laughter] >> there is no particular story. that story of when i entered, it is an ongoing issue. the other piece of that story is that happens to be a critical development project. canceling it was difficult. [indiscernible] these are the things that we have to balance. i had to cancel something that would have had a huge development impact. that is the red line that you have to draw. no matter how important a development impact might be, you have to be ready to cancel something if you see carrots and corruption. it was a few people, a few people who had done this. now, we hope it goes forward. it is unclear whether it will go forward. that is the difficulty of this job. you've to be ready to make that you know it well. kind of decision. >> your closing thoughts? >> absolutely. as he said, a long way to go. china in particular has been resistant to dealing with corruption by the

>> i think you should talk to jim yong kim, the current president. do you have anything that you would like to bring to our attention? [laughter] >> there is no particular story. that story of when i entered, it is an ongoing issue. the other piece of that story is that happens to be a critical development project. this was -- canceling was difficult. -- canceling it was difficult. [indiscernible] these are the things that we have to balance. i had to cancel something that would have had a huge development impact. that is the red line that you have to draw. no matter how important a development impact might be, you have to be ready to cancel something if you see carrots and -- corruption. it was a few people, a few people who had done this. now, we hope it goes forward. it is unclear whether it will go forward. that is the difficulty of this job. you've to be ready to make that kind of decision. paul volcker, you seem to want to say something. >> china in particular has been resistant to dealing with corruption by their own companies. which were hard

and on c-span3, daughters of the .ivil rights segregationist jim world bank president yong kim. this runs an hour and 10 minutes. >> i am your moderator. i'm calling this room to order. i am interrupting your current conversations to start a brand- new conversation. welcome to "speak up against corruption." now -- [indiscernible] if you have a phone or laptop or ipad, anything that is likely to make noise, please put it on vibrate or silence. it is something you can tweet on, by all means keep it on. the hashtag is #wblive. the reaction can be here and with our online audience as well. so if you have ever wondered what might happen if you had a current world bank president meeting a former world bank president, putting a little bit from the philippines perhaps and make it spicy with the chair constraints international and a little sprinkle on the top, the former chair of the federal reserve, that is a very tasty conversation. so i will stop talking so that we can start having that conversation, and we will start with the current world bank president, dr. kim. [applause] >> thank