[ man ] this is bailey's favorite time of day. mine too. i love to delight bailey's senses. don't i? [ barks ] because i think food speaks a language of love. that's what inspired me to rethink dry dog food. [ female announcer ] chef michael's canine creations. [ chef michael ] mmm. tender shredded pieces made with real meat... and crunchy garnishes to enhance the mealtime experience. yes, bailey-- just for you. [ barks ] [ female announcer ] chef inspired, dog desired. chef michael's canine creations. but, i'm a home. i'm always outside. i make being inside possible. look, do me a favor. get flood insurance. floods can devastate your home. fred, how you doing over there? i think this is gonna be a problem. see what i mean? hey, i know what i'm talking about. because i'm a home people. and, there's no place like me. [ female announcer ] only flood insurance covers floods. for a free brochure, call the number on your screen. >> larry: neil, you were with dr. kevorkian during a number of his suicides. were you ever feared for your own legal q

[applause] he will be supported by andrew bailey from the bank of england as his deputy in the new regulator. this is a strong team to ensure a smooth transition. let me turn now to a final area of uncertainty that hangs over the financial services industry, and that is the very structure of the banking industry and the question: how can britain be home to the most successful and global banks in the world, without the british taxpayer being exposed to the most unacceptable of risks? should we restrict or split the activities of banks? has our banking industry become too concentrated and uncompetitive? now i know there are some who are frustrated that these questions are even asked. but how can they not be when so many millions of people are paying the price for what went wrong? there are real issues of fairness. and that is why we will introduce a bank levy and demand further restraint on pay and bonuses. but there are also fundamental issues of protection for an economy still reeling from a crisis that in britain saw the biggest bank bail out in the world. there are passionately held views

believe there is a fundamental difference between insuring the plain vanilla for the of those like at bailey's savings and loan, and creating deposit insurances of the morgans, the goldman-sachs and the others of the world. why are you trial to -- trying to give the equivalent of for the insurance to these type of wall street firms? we see that fundamentally there is a difference. the other thing i would say about the discretion that the fdic has -- i have the greatest respect for the chair of the fdic. this legislation is going to go beyond that. the bottom line is you are granding discretion that as long as they can look themselves in the mirror and say we are going to treat creditors differently because we believe it will balance the financial things of people. that is a big hole to drive through. we are going to frant the ability of the fdic to have this huge pot of money.. and again, we didn't get a clear answer on exactly what that money was going to be used for in the bailout fund, but we know how it was used in cries -- chrysler and g.m. in chrysler, secured creditors got 29 cents on t

we begin with questions by texas senator kay bailey hutchison. this part of the hearing is about an hour. >> senator hutchison, i think you were -- you're next and then senator specter. we're going to try to recognize folks in the order in which they came in. actually senator murray. senator hutchison? you may proceed. >> thank you. >> then i'll call on -- >> mr. chairman, thank you. i want to thank all you've foring into her. mr. chairman, we have talked about your mission to try to lower the defense budget and you're looking for places to cut and i'm hoping that i can expand on in this the near future with you. here are some of the concerns that i've seen. are some of the concerns that i have seen as the ranking member and former chairman of the military construction subcommittee. we have had a strategy. after we saw the deployment problems that we had when we were going into iraq out of germany. and also, as we were looking at the training constraints in germany and other parts of the world where we are. so, we have hd a strategy and this give

i'm chef michael, and i love to delight bailey's senses.too. don't i? [ barks ] because i think food speaks a language of love. that's what inspired me to rethink dry dog food. [ female announcer ] chef michael's canine creations. [ chef michael ] mmm. tender shredded pieces made with real meat... and crunchy garnishes to enhance the mealtime experience. yes, bailey-- just for you. [ barks ] [ female announcer ] chef inspired, dog desired. chef michael's canine creations. to the seekers of things which are one of a kind. the authentic, the rare, the hard to define. to those who'd climb mountains or sail across seas... for the perfect vanilla or honey from bees. to the lovers of orchards where simple is grown, who treat every bite as a world of its own. to those always searching for what's pure and what's real... from we who believe... we know just how you feel. häagen-dazs. thanks to the new venture card from capital one, we get double miles on every purchase. so we earned a ski trip twice as fast. we get double miles every time we use our card. ( thuds

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