b. thompson director to mr. kissell. >> a few minutes ago we asked a question about modifying medicare. let's look at social security. what proposals being discussed in washington now to modify social security do you favor? and which are the most concern to you? >> obviously i consider in favor quit raiding the social security trust fund. if we get that money back, the interest back, and the issues we talk about or postponed on the road. that's first and foremost we got to do. the things that concern me the most is the manipulations or hear about vouchers and privatization and restructuring. keep the promises to the folks who went into the workforce. that is what made america great is keeping our promises. >> question is what proposals discussed in washington to modify social security to favor? and was sure of the most concern to you? mr. hudson. hudson: okay, first of all, i would say i agree with the congressman we need to stop reading the social security trust fund. but unfortunately, congressman kissell vote

. >> you are the mess -- mastermind of medicaid part b but you have nothing to do with that? >> it was tommy thompsonthat allow you to do that. it was tammy baldwin who voted against it. >> the sale and point here, -- the salient point, as secretary under bush medicare moved in nine years closer to bankruptcy. it was an important program but it was not paid for. it costs us $700 billion and $800 billion over 10 years. we did not change one guaranteed benefit in medicare. we strengthen them. >> used all $716 billion out of medicare -- you stole $716 billion out of medicare. >> the aarp says your allegation is simply not true. >> you took it for obama-care. who else he would like to see more money taken out of medicare to fund obama-care? i do not know if anybody does. >> you are going to have 30 seconds for follow up and respond. you talked about the sweetheart deal with medicare part d. under the affordable health care act there was talk among democrats, let's get rid of this. we do not like it. had an opportunity when the democrats controlled the house and senate to say, let's get rid of it. why did

b of a cfo thompson feel, for the time being we do not have a settlement or potential settlement withank of america showing clear benefits of qe-3. the bank took a $400 million hit to net income. hedge became ineffective. but did make $3 billion on increases in value of the mbs portfolio, clearly $3 billion outweighs a $400 million cost and the mbs portfolio valued that trickled down, that's another positive point for investors. a few other things i want to mention, the continued low rates will start to hit the bank. thompson saying because of the low interest rate environment, the bank was able to repurchase a lot of its debt, but over time, it will stop being able to do that and that footprint will start to fade. on the mortgage front, he says the bank is looking to take share on the retail mortgage front from the likes of wells fargo and jpmorgan. finally an update on head count from the last year, head count for non-legacy asset servicing is down by 8% or 21,000 heads, the bank is making progress. guys, back to you. >> thank you very much. again, kayla tausche. >>> when we come ba

b in years. star football player. he's on his way to do something. >> thompson also has three children.uture seems less certain. >> you don't bang, but daddy bang. >> is that what you want for him? >> he will have the same life. if he wants something else, go ahead. >> for you it's not a negative for your son to spend time in prison? it's not a negative for you? >> no. >> in another context and another environment, it might be a parent saying to their child you don't end up being a doctor, i will still love you. with dooker, if his son was not a crip, he would still love him. ♪ >> i love that i was born into it. you are going to end up in prison or a casket, you know what i mean? >> coming up -- >> i'm part of an intimidating group. 20 or third deep, pretty big white boys. nobody challenges that. >> a gang leader with a twist. >> i was expecting this mean, tough, hard core guy and instead it was this tommy you came to know. ical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you w

. >> you are the mess -- mastermind of medicaid part b but you have nothing to do with that? >> it was tommy thompson that passed part b that allow you to do that. it was tammy baldwin who voted against it. >> the sale and point here, -- the salient point, as secretary under bush medicare moved in nine years closer to bankruptcy. it was an important program but it was not paid for. it costs us $700 billion and $800 billion over 10 years. we did not change one guaranteed benefit in medicare. we strengthen them. >> used all $716 billion out of medicare -- you stole $716 billion out of medicare. >> the aarp says your allegation is simply not true. >> you took it for obama-care. who else he would like to see more money taken out of medicare to fund obama-care? i do not know if anybody does. >> you are going to have 30 seconds for follow up and respond. you talked about the sweetheart deal with medicare part d. under the affordable health care act there was talk among democrats, let's get rid of this. we do not like it. had an opportunity when the democrats controlled the house and senate to say, let's ge

b" in, like, three years. he's straight-as. on the football team. star football player. so, he's on his way to do something. you know what i mean? >> thompson less certain. >> i had a son. he go bang what daddy bang. >> what is that you want from him? >> he'll have the same life. but if he choose the other way, hey, go ahead. >> for you it's not a negative for him to spend a lot of time in prison, for your son? it's not a negative for you? >> nah. >> in another context, in another environment, it might be a parent saying to their child, if you don't end up being a doctor i'll still love you. with dooker, if t was, like, if his son didn't end up being a crip, he would still love him. ♪ ♪ >> my children. i was born into it, you know what i mean? you're going to end up in prison or in a casket. you know what i mean? ♪ ♪ >>> coming up -- >> i'm part of a pretty intimidating group. when we're on the yard, we're 20, 30 deep. pretty big white boys. nobody really challenges that. >> a gang leader with a twist. >> i was expecting this mean, tough hardcore guy. and instead, it was this tommy that we came to know. 2013 chevr. sleek new styling... soph

thompson on the fact that he held investments in businesses that do business with iran. >> moderator: right. baldwin: he said that night, a, he didn't know about it, he blamed his stockbroker and, b, that there were two. there were seven, and they were all on his financial disclosure. so he should not be lecturing me on iran policy -- thompson: i would like to respond. baldwin: you will. thompson: she's all over. baldwin: companies that were doing uranium mining and helping iran build its nuclear facility. >> moderator: i'm really running short on time, so respond to the issue itself about your -- thompson: i question her judgment. she voted for ahmadinejad. he said the holocaust didn't exist. he said we're going to have a nuclear bomb, we're going to destroy israel. the congress put in a commendation resolution to condemn him. everybody voted except three individuals. she voted present. number two, she voted against all the sanctions up until this year -- baldwin: not true. thompson: and then she decided this year she's going to run, so she's going to vote for it. i question her judgment. in regards to my investments, she's got the same investment. the it's in her pension fund.