without further ado, please welcome chairman bair. [applause] >> thank you, that was the very nice introduction. i'm in the process of writing my memoirs right now. and i am reliving a lot of these experienced this and msm are not very happy memories. i'm through 2008 on the pain is somewhat a keogh. but you know, in 2006 i became chairman of the fda's the and in june of 2006, one of the responsibilities was being a member of the oslo community and as arthur pointed out, we were in the process, the fdic was art in the process of the big fight with both the other domestic regulators here as well as the foreign regulators over implementation of something called the basel to ratings-based approach, which in my view is basically a way to let her decide for themselves how they want to risk assets. about a thousand pages of rules. if you have the day that was kind of where it came out. so we are fighting not, but were also fighting keeping a leverage ratio as a complement to risk based capital. if you only have one without the other, you ca

. >> bair members of the 75th dod in -- they are members of the 70 the prd in louisiana.dside bombs kill more u.s. troops than any other weapon. >> the ied's, ," seen a lot. >> nominee? >> well over 100. >> they transform how the army fights and yet taken a heavy toll. >> we really were not prepared for the number of guys we lost. >> including their former team leader, sergeant mike garcia. >> [unintelligible] >> recent poll found that one- third of veterans of the wars were not worth that. for these men the memory of those who will not, and keeps them going. >> i want to honor his memory by making sure it gets done. >> it is a long way from over. >> abc7 news. >> up next, the iphone 4s is available for orders. >> as smooth as it can be. we have an update on the weather for us. >> if you did not get enough m.l. be playoff action last night, we have more today. but for hockey fans, it is all about can down >> the proposed labor and museum in fredericksburg owes its creditors more than $700 million. it file for bankruptcy last month. court papers showed the museum zero was

sheila bair. she spoke at george washington university for 45 minutes. [applause] >> thank you paul. it is my great privilege and honor to introduce the keynote speaker, the hon. sheila bair. i will keep my introduction quite sure because she is very well known and it does not need many details from me. she was the 19th chairman of the insurance corporation during an incredible challenging time from 2006 until last july. we are very honored -- this is her second speech since stepping down from chairman at the end of her five-year term. we feel very fortunate to have her at her for a. i want to add that she is doing this on a pro bono basis. i want it to note to two things that shows what kind of regulator she was in terms of being farsighted and actually being able to say no when she needed to say no. 10 years ago she was assistant secretary of the us treasury and became aware of the growing problem of subprime lending and it tried very hard at that time to raise the issue to the public consciousn

without further ado, please welcome chairman bair.[applause] >> thank you, that was the very nice introduction. i'm in the process of writing my memoirs right now. and i am reliving a lot of these experienced this and msm are not very happy memories. i'm through 2008 on the pain is somewhat a keogh. but you know, in 2006 i became chairman of the fda's the and in june of 2006, one of the responsibilities was being a member of the oslo community and as arthur pointed out, we were in the process, the fdic was art in the process of the big fight with both the other domestic regulators here as well as the foreign regulators over implementation of something called the basel to ratings-based approach, which in my view is basically a way to let her decide for themselves how they want to risk assets. about a thousand pages of rules. if you have the day that was kind of where it came out. so we are fighting not, but were also fighting keeping a leverage ratio as a complement to risk based capital. if you only have one without the other, you can

and also dina bair hosting chicago first annual "pink tie guys" gala event honored male leaders who helpedreness in chicago and the area proceeds benefit for a four chicago. coming up blackhawks will come back in the form of a goal scoring barrage at some changes in the chicago bears secondary not sitting well with one bears safety, next in sports. usa prime credit... this peggy... hi, i'm cashing in my points... peggy? no more points - coupons now. coupons? coupons. coupons? next, you convert coupons to tokens. tokens? then you trade tokens for credits. and then i get the cash? then you call back. bye bye. peggy? hello? what just happened? want rewards that make sense? switch to discover. america's #1 cash rewards program. it pays to discover. [ male announcer ] whether over a cup of maxwell house... or a can of paint... you came together to vote, to share... to volunteer. and now, thanks to you, 10 communities have more to smile about. what's next? tell us on facebook. ♪ more and more folks are trying out snapshot from progressive. a totally different way to save on car insurance. the be

. >> and i am dina bair. we welcome our viewers who are watchingus around the country on wgn america.. >> there are currently... american troops in our rocket will be pulled out december of 2011. president obama spoke with i rocky prime minister about the announcement today. the current u.s. agreement for keeping troops in the country expires at the end of the year. after more than eight years this discussion will effectively and the united states role in a rock. >> today as promised the rest of our troops and iraq come home by the end of the year. after nearly nine years america's war in iraq be over. over the next two months our troops and iraq will pack up their gear and a board convoys for a journey home. the last american soldier will cross the border with their heads held high, of their success, and knowing the american people stand united in the support for our troops. that is out america's military action in iraq landwill end. as of january 1st and keeping with our strategic agreement it will be a nor

although this next weather system is going to bair down on monday. looks likes we will see increasing clouds favoring the north bay. we could even seattle bit of mist and drizzle come monday. but after that the high reestablishes itself and we will see more warm and sunny weather throughout the rest of the week. upper 50s with the snowpack in the sierra nevada. 76 fresno. upper 70s in sacramento. if you are planning your weekend we will have lots of sunshine each day. today a little warmer and sunnier. tomorrow we will see a few more clouds hang around our coast and as a result highs in the lower 70s. so back home today in the south bay looking at 76 campbell. 74 santa clara, and on the peninsula look for the 60s here with the fog. mid-60s for pacifica. 74 redwood city. san francisco today 69. about normal. so a beautiful afternoon and in the north bay highs from the low 60s and getting sun into sinston beach with 77 santa rosa. east bay lots of low 70s from berkeley to san leandro. and out over the hills some of the warmest numbers in the mid-70s fr

[laughter] i'm not sure if sheila bair talked about this it might have been the finest moment that the fdic. the group requested a bailout, demanded a bailout in the fall of 2009. they said if you let us feel it will be disruptive to the new global economy and have small and medium-sized lenders in the united states. that is a special niche. treasury, to my understanding, wanted to bail them out and the secretary said no and it didn't happen. see i.t. went bankrupt and restructured its debt. no one i've talked to, i said everyone if you know the country tell me now or after words, i have not found anyone, any evidence that the failure of the cit group destructive markets damaged the customers. nothing. cit group had a balance sheet of $80 billion. the largest financial institutions we let fail without any kind of bailout since the collapse of lehman brothers. 80 billion can fail. 900, 800 billion you just said couldn't fail. why? because goldman sachs is big. goldman sachs is not just big. it's also complex and cross border. the resolution authority in dodd-frank and there's a lot of c

it >>and don dina bair we welcome our viewers who are watching a ceramic country on wgn america and on the web muriel clair is live in the south loop with today's top story >>lawmakers in springfield are considering a bill that will expand automatic traffic enforcement in the chicago area ... there's a report that finds that across the country municipalities contract with private companies to provide cameras and citations to traffic violators. >>one of the protections is to have the city actually run the system ... and another is to ensure no ticket quotas are in existence ... one example is that of the one in walnut california where fines are slapped on municipalities that abuse this. >>the good news is that here in illinois and the city of chicago we have done a good job of building and public protection but with the legislature considering the expansion of the scope of current law here in illinois we want to make sure that we don't fall into a dangerous pattern set >>the study reports that it will be a matter for a watchdog system. chicago is not an egregious violator but there are

>>and i'm dina bair we welcome our viewers who are watching us around the country on wgn america and on the web. dili pontians muriel clair is live at lyons township high school with our top story ... >>kelly o'laughlin was stabbed to death at her family home is believed she walked in on a home invasion her body was discovered by her mother. this death was upsetting to the lions township community in her memory the white ribbons are tied around every tree and every light pole and her schoolmates are greeting after constructing a makeshift shrine in her memory >>i didn't know her personally but everyone knows everyone here and everyone wants to support everyone and this time of grief it's a sad thing that this happened to one of our own >>lots of people knew her is like losing a close friend. >>visitation will be wednesday and thursday in countryside between 4 and 9:00 p.m. a funeral mass will be at 945 friday morning at st. john of the cross church in western springs. >>police are looking for her killer and have notified pawnshop owners to be on the lookout for gold coins that were t

>>and i'm dina bair we welcome our viewers who are watching us around the country and on wgn america and on the web ... julian crews as a live report outside wrigley field >>the cubs front office declined to comment but a sports talk radio station in boston said it's a done deal theo epstein is coming to the chicago cubs >>member will get some championships hopefully >>you cannot count your chickens before they hatch but the cubs fans are hoping for the best this is the latest report and a flurry of bulletins reporting that it's likely that the red sox general manager is ready to jump. it's impossible to know whether his representatives are posturing the cubs are refusing to comment he has one more year left on his contract with boston. most teams would take pains not to tamper with anyone still under contract. >>there's centuries' worth of emotional baggage to be overcome here with chicago cubs fans but if anyone can help them it is believed it is theo epstein. >>he's a good baseball guy ... he knows which strings depaul which players to bring an and had put a team together and grow

good afternoon i'm robert jordan >>and i'm dina bair we welcome our viewers who are watching a ceramic country on wgn america and on the web. >>muriel clair is live from bridge view where the teenagers just appeared in court >>bond was denied to each of these teenagers and they face life in prison. >>christopher wyma, mohammad salahat and he had cast someehad quesem faces charges ... after the couple had been be in the sun scooped up whatever money he could find in the house and split that with his three other friends >>investigators were told where the murder weapons could be found when the teenagers were questioned >>we cannot tell you the amount of time and energy that went into this investigation and the cooks county state investigators office was terrific they were indispensable >>there are laws put into effect to protect minors ... they're easily coerced misled or intimidated so they did receive some special protection by the law ... and as the defense attorneys we have to explore whether not these kids were afforded those protections >>there being held without bond in the cook c

good afternoon i am steve sanders >>and i'm dina bair we welcome our viewers were watching us around the country on wgn america and on the web. rich king joins us live from wrigley field with more >>the cubs just backed the baseball executive of the decade ... a five-year contract we just had a news conference he stressed getting the team up on the fundamentals of baseball and building a strong foundation and he spoke a lot about his vision ... >>baseball is better with tradition baseball is better with history baseball is better with cancer care baseball is better in ballparks like this baseball is better during the day and baseball is best of all when you then. that is ultimately why i am here today. >>baseball is better when you win but it may take the cubs a little bit of time this is an organization that has led the league in errors os couple of years ... theo epstein is still talking to the media behind me he is a two-time championship winner and boston is the new face here he believes in scouting along with the data analysis and computer work and working with those resources .

good afternoon i'm tom negovan >>and i'm dina bair we welcome our viewers who are watching us aroundntry on wgn 6Ñamerica and on the web. ÑÑmetra was flooded bombarded with e-mail's phone calls andññññ letters from angry commuters >>some of these fares are going up as high as 69% for chicago commuters >>now metra is talking about mmaand increase of 25%. but @commuters are still angry saying it's still too much considering the service passengers are receiving >>quite frankly the service has gotten worse progressively over the years if you plan to have fare hikes the corresponding services have to get better it's just that simple. >>the board meeting will have commuters sound off on these proposed tarifffare hikes ... for both urban and suburban passengers there's a deficit of $65 million in the 2012 budget. >>passengers are saying that the hike is way too steep and unfair. metra took a second look and are making adjustments: for example a 15.7% increase on one-way ticket and monthly passes would increase 29 1/2%. commuters say it's still too much >>people don't have jobs there using m

>>and i'm dina bair. we welcome our viewers who are watching us around the country on wgn america and on the web. >>police in the southwest suburbs are looking for two people in the kidnapping and robbery of an elderly woman that happened yesterday in oak lawn where judy wang has a live report >>detectives are in the process of following up many leads the victim was in a one year-old woman from the southwest side kidnappers took from the grocery parking lot forcing her across the street to an atm to try to withdraw $9,000 >>the ordeal started and ended in the grocery store parking lot after 3 wednesday afternoon the woman was so scared she did not report that until the following morning, she was physically shaken and extremely scared she felt that she was going to die they tried to killer they probably would have felt she had not turned over the money. she slept on a she want to go home to her comforts on but she did get up early in the morning in kelman to the station to report the crime she knew it was

of dictatorship after the death of muammar gadhafi that afternoon i am steve sanders >>and i'm dina bair we thank you for joining us >>the top story is muammar gadhafi was killed today after an air strike on his convoy a ... we have a disturbing image that appears to confirm his death ... details of the events that led to his killing are still coming in ... but it is believed that muammar gadhafi tried to make an early morning escape from the compound where he was hiding near sirte. he was stopped by a nato airstrike and captured our role forces who found him wounded and hiding in a drainage tunnel senator john mccain welcomed the news but cautioned that libya still has lots of work to do >>this is just the beginning we know how hard democracy is and will need lots of assistance necessarily an aid money but in other ways that we should be eager to provide when news broke of muammar gadhafi staff libyans erupted in celebration. he ruled libya for 42 years. three of his children have fled the country at least three of his sons a thought to be dead. joining us now is our terrorism analyst,

good afternoon everyone i am robert jordan in for steve sanders >>and dine dina bair we welcome our viewers who are watching us around the country on wgn america and on the web. >>judy wang has the top stories >>the chase was for 30 minutes through several south side neighborhoods ending in bronzeville >>the suspect was trying to get away while shooting at police along the way more than six hours after the chase ended with a crash of forensics team was still going over the van. chicago police chased at hand for 30 minutes through several south side neighborhoods it all came to an end at the prairie shores apartment complex in bronzeville ... police believe the vehicle had been stolen and an earlier carjacking. the ordeal began just after two in the morning at 100 set out normal avenue where police spotted the van it went north on i 57 and then on to the dan ryan expressway where police joined in the pursuit. pavane eventually slammed into a light pole. suspects were taken into custody and people arrived after hearing a loud boom >>it sounded like a lot allowed car accident and i became susp

>>and done dina bair we welcome our viewers who are watching us around the country on wgn america and on the web. the president is speaking today at the university of colorado denver campus he is talking about two new student loan initiatives the department of education will begin offering in january. one would push up the start date for favorable terms on a special loan repayment program based on income. an investigation into the identities of several john wayne gacy victims reunites one-family after 34 years. >>muriel clair has the story >>19 year-old harold wayne lovell disappeared in 1977. he was found alive in florida and was reunited with his brother and sister yesterday an alabama. he apparently left, after falling out with his mother. after the john wayne gacy story broke his mother believe that a piece of jewelry found in the crawl space of john wayne gacy home belonged to her son two weeks ago allow full family contacted the cook county sheriff's office which does reopen the gacy case and an effort to identify eight still i didn't unidentified victims. they wanted to submit

and i'm dina bair we welcome our viewers who are watching us around the country on wgn america and on the web >>police took the man into custody ran 83 last and recovered a weapon but there won't say where they arrested him >>frederick collins has details >>the first of frank holland has details >>2:00 in the morning saturday was the first incident the second incident happened to a few hours later >>it happened on the platform of the red line once again >>it has people worried >>it's pretty terrible i would not want to be up there at night. >>i just move to the area it seemed pretty safe but hearing this ... >>fortunately nobody was hurt just their cellular phones were taken >>bones are found at a work site in norridge contractors discovered the bones as they dug in an alleyway the remains were found under concrete the medical examiner's examining those bonds there said that former residents used to bury dead animals in the backyard there >>bonds are also discovered at a construction site in the river north neighborhood the bones were found in the basement a building at kinzie and cou

nurses marched on city hall to take an afternoon on steve sanders and i'm dina bair. robert jordan joins us live from city hall with today's top story. >> well over 100 of the group occupied chicago were arrested saturday night in grant park for curfew violations when they pitch tents and decided to remain beyond 11:00 hour. two nurses who were working the first aid station were also arrested then this morning members of the union showed up to voice support. the nurses marched on city hall are angry at the mayor and the chicago police department for making arrests in grant park during the protest. >> the mayor does not respect that tradition the democratic tradition of free speech or the right for people to stand up and protest. and he does not appreciate the right to give care to protesters. >> he says he understands that right but he is also obligated to withhold a lot. >> we appreciate the first approach on thatamendment. but we have to uphold the law which is there is a curfew on grant park. >> the curfew starts at 11. everybody was told it starts at 11 is my unde

good afternoon and i am steve sanders >>and i'm dina bair we welcome our viewers who are watching us from countryman wgn america and on the web. >>our top story this suspects are being questioned julian crews is live in the avondale neighborhood with details on those attacks >>people were going to work kids were in school and a pair of armed robbers burst into this single-family home and opened fire and the neighbors are stunned in this northwest community this is 3410 north lawndale and just after 840 this morning to armed gunmen burst into this home to people inside the home were shot according to police their rush to illinois masonic hospital in serious to critical condition. a policeman told us that a third person was taken to the hospital but his injuries are not considered to be life-threatening. >>people in this community can't believe this happened in the neighborhood >>a very scary very startling we work with our families here in the neighborhood it's scary to know that our mother may be here when we are not tough. >>the police were able to take to gunman into custody just a

>>and i'm dina bair we welcome our viewers who are watching us around the country on wgn america and on the web. >>the high wind warning is on the alert from this afternoon until 10 and the morning tomorrow nancy loo is live >>flood warnings will not take into effect until 3:00 this afternoon here on the lakeshore. hang onto your hats your hoods and everything else the windy city is not only windy today there is driving rain. >>last week was unusually warm this is harder to get used to >>its stamp and its miserable >> >>as countless people are learning today you may not want to bother with an umbrella ... >>i know better on a windy day not to use an umbrella but i love the weather on a winter person >>churning waters and high waves along the lakefront waves could reach over 20 ft. stay away from the bicycle and jogging paths this afternoon >>you cannot go that direction any more the city has shut down part of these pathways along the lakefront because of the high wind today the downed trees and power lines are expected to soar emergency crews are at the ready lakefront homeowners are

robberies and detectives are looking for information could afternoon i am steve sanders >>and i'm dina bair we welcome our viewers who are watching us around the country on wgn america and on the web. >>the robbers are armed and dangerous wgn's judy wang reports some residents are asking for more police officers in the neighborhoods >>in their community alert police urged north west side residents to spread word on these incidents >>the most recent robberies happen early near the 400 block of north monticello and albany park residents think it's alarming that they're in some cases >>its high number in they're getting away with it at that is scary. >>i have rival gangs on the block and on the block behind me >>we need more after-school programs for these kids who need help >>police are looking for three suspects in each incident men approached their victims in an alleyway and pulled out handguns to get cellphones and other electronic devices >>most of the robberies occurred between 4:00 p.m. and midnight in ravenswood manor albany park as well as irving park >>the manner described as an afri

politics such as the former mayor and california house speaker and fdic chairwoman she liber -- shiela bair. she has the distinction of being both a k.u. graduate and being recognized as one of the most powerful women in the world. we have had commentators like bob woodward and david broder. one of his last appearances was at the dole institute. we give students the opportunity to learn first hand from leaders in the field. those events are bipartisan and have included people like dennis moore and the press secretary to senator dole. i would challenge you to compare the programming at the dole institute to harvard and i know you will be impressed with the dole institute. all events are open to the public and conform to the institute's mission of expanding the dialogue. on behalf of the university and on behalf of the dole institute, i want to thank you for your generous support. it is also possible because of the generous personal contributions of the doles themselves. of all the events i have been too, one of the most inspiring is the annual swearing in of new citizens. i make sure that wh

powered by their defense and former cal bair java best, but quarterback alex smith is not buying into the big game hype. >> you know, this is not something players think about. every time you strap on that helmet, every time you put the shoulder pads on and you walk onto the field, it's enough as it is. they are playing for a lot. you are playing for your job. i mean, there's a lot of things that go into that. so i think all of a sudden the two teams are out there, you are still playing a football game and trying to win. >> meanwhile the raiders are coming off a great road victory over houston, a day after their majority owner al davis had passed away. the team will honor mr. davis today in their first home game since his passing, hoping to just win, baby. here's the bottom line, the coach wouldn't want it any other way. he don't want anybody in there talking about him or going through this, that or the other. he wants this football team to play football. that's my message to these guys. we have done our grieving, we've paid the respects the right way and we will continue to do so. >>

the bair patches you see on her flank and chest are where pellets were removed. there are still two dozen in her body as you see in her x-rays. it was discovered as she was spayed this week. >> they noticed suspicious looking bumps and x-rayed her and found 38 bbs embedded in places around her body. >> she was found here. they said whoever did this has no respect for life. last march they found two other pit bull pups, believed to be her sisters, also in the marine ma and one had pellets that were removed. both were placed with families but they will brought in to get x-rayed in case they were shot multiple times. >> they spent hundreds of dollars getting out the pellets but they will be thousands for to get out the rest. >> it is probably more than one virgin because of the length ever time it will take to find them. surgeries are quite expensive. >> it may cost thousands of dollars, money the shelter doesn't have. if daphne is to survive and be available for adoption, the pellets have to come out. john was at the marina walking his dog. he wonders what would mo

it will maintain sunny skies today, you one we see this next system bair down on monday, another area pressure is going to rebuild and it's going to be stronger. we will talk about an offshore flow come wednesday and thursday. that will bring a string of warm and sunny days for the week ahead. but this weak system upstream that's correct upper level trough will provide more clouds on monday afternoon, into monday night. maybe some mist and drizzle by monday night into tuesday. other than that, we are looking at some pretty nice weather. this morning, only in the upper 20s in the northern sierra. this afternoon, 59 tahoe. remember, they have that snowpack there also down into the southern sierra. 69 today in yosemite with 76 in fresno. detailing the forecast for san francisco today and tomorrow, lwr 70s with overnight low necessary the 50s. plenty of sunshine although we will see the patchy fog at our coast, very light winds throughout the weekend. 74 santa clara, 75 in san jose. san mateo coming in at 72 at about 3:00. san francisco upper 60s to low 70s and in the north bay look for 6

bret bair is the anchor of tpegs report. before we had the fox debate rick perry said he was going to come out tonight swinging. it didn't happen. but it did last night. >> it definitely did. he was much more energetic, lively, he seemed like he wanted to be there, which didn't really -- he wasn't characterized that aeu what the least in the first few debates. clearly he is setting himself up to be the right of mitt romney and to continue to attack mitt romney as the frontrunner. with all of the cash on hand that the perry campaign has, and with a break now in the debate schedule, look for this ad war to really step up and he'll step up the attacks on governor romney, specifically. and we saw that he did get under governor romney's skin at least a couple of times, something we hadn't seen in previous debates. megyn: he did. people were counting him down and out of this race. it may have just turned into a mere lull in rick perry's battle to become the republican nominee. all sorts of positive buzz about him and his performan

right now, john bair is the speaker of the house and mitch mcconnell is the rate -- john boehner is the speaker of the house and mitch mcconnell is the republican leader. all i can do is make the best arguments and mobilize the american people so that they respond. so far, they have not been responsive to not just me, but to public opinion. we saw that during the debt ceiling debate. we're going to keep on making the case. is, and iaying bill said this when i made my speech at the joint session, the election is 13-14 months away. i would love nothing more than to not have to be out there campaigning because we were seeing constructive action here in congress. that is my goal. that is what i am looking for. but i am also dealing with a republican majority leader who said that his number one goal was to beat me, not put americans back to work, not grow the economy, not help small businesses expand, but to defeat me. and he has been saying that now for a couple of years. so, you know, i have to go out and listen to the american people to see if maybe he will listen to them if he is not lis

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sheila bair it was a port -- appointed by the former president, she left in june or july in the middlethis year, and there is an acting chairman who will go through the confirmation process, so the fdic as an institution is part of the decision making, and he will have to get approval from his bosses, but then there is further political approval that will have to involve the treasury secretary. host: you laugh -- you highlight the has is m.b.a. from the university of chicago. but his other degree is from the university of maryland in zoology. guest: i asked him what the connection was. he said he was interested in science early on, and then he got involved in banking, and that became his passion. host: new york. larry on the republican line. caller: i have a statement and question. first, the statement, the fdic guaranteeing the money and the banks. they went from 100,000 to 200,000. why has no one ever been told how long it would take the government to pay in case there was a failure? that was a statement. with the banks being consolidated, what happens when the last bank is standing?

it is a great pleasure to introduce a tremendous broadcaster, brett bair. [applause] >> thank you very much. it is a pleasure to be here. thank you for that introduction. i know you have celebrated 50 years of broadcasting. i can only hope to be broadcast in 50 years. it is a pleasure to be here. i will be honest, i received an e-mail and it said "will you come down to the class of the titans." i was not sure if it was a wrestling match, a monster truck rally. a little research and i am it so impressed with what you all have done here -- the ninth year of a truly fair and balanced debate. this is definitively that. i am really honored to be your moderator tonight. we have some amazing people. there are 375 until the election. that is 9010 hours as of right now. the biggest issue, obviously, will be the economy and the press of this that the world has been facing when it comes to -- precipices that the world has been facing when it comes to the economy. to deal with that, we have an amazing array of palace. lawrence summers served as the director of the whit

. >> as we look specifically to the super committee, which we hope for coming out of bair for children? >> that they don't do too much damage. >> on that uplifting now, please thank our panelists today. charles kolb, olivia golden, robert reischauer, margaret simms and transcendent. [applause] [inaudible conversations] >> coming up on c-span 2, we interview congressman john mica about spending cuts in the federal -- [applause] >> thank you so much. good evening, florida democrats. are you tired of? are you ready to go? we are ready to keep this for barack obama and joe biden. i am so proud to be here tonight in my home state of florida appeared in thank you rod smith for production, leadership, commitment to our party and values. you are doing an incredible job. just look at this turnout tonight. this is the largest turnout we've had a dinner like this in years and that is thanks to rod smith's leadership as organizing scale and we can't thank him enough for committing to make sure we can move forward authority with the democratic party. the thank you so much. let's hear it for rod smi

keillor and was discussed by the panel and sheila bair has since become in the last 18 months and i really don't blame her but i've taken as a personal crusade they saw the 5% risk retention in the way that was being drawn was fraught with problems in the housing industry. so we wrote the qrm language will discover the panelists to crawled with a real loan that was well underwritten was it should be exit from the risk retention. we only went back to what we did this country from 1950 to 2006 before we got a little crazy on the lending we have it verified by this third-party required their income ratio to be substantial in terms of being able to reduce the debt and a fifth down payment less than 20% toward the the credit enhancement to protect the down payment level which was under arrest. but somehow the six regulators came together and decided it wasn't 20% down by the bar or it wasn't going to be a qrm for the risk retention to read that is a dangerous role if it ever goes into effect. would probably impact at a minimum 40% of the housing market i think more like 60% of the housing marke

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our and bair met risk and sacrifice in our long- term interest for the sake of a private company.could save 4 million barrels of oil a day by 2020. that is more that we import. the analysis has the potential to create lasting jobs, significantly bolster national security, and the help of its people. we realize potential if the leaders stop the tar sands. thank you. [cheers and applause] >> the next speakers. we remind you, if you could say your name and give your affiliation. over. turning my time >> my name is deemed hubbard. thea proud member of transport union of america. we represent some 200,000 members and retirees nationwide. our members were and airlines, public transit, on rail, utilities, and universities. we respectfully call on the state department not to recommend approval of a presidential permit for the construction of the keystone xl pipeline. [applause] construction of the pipeline is not in the national interest of the united states. we share the concerns conveyed by the epa to the state department on two occasions. most recently on june 6. these concerns include

politics such as the former mayor and california house speaker and fdic chairwoman she liber -- shiela bairoth a k.u. graduate and being recognized as one of the most powerful women in the world. we have had commentators like bob woodward and david broder. one of his last appearances was at the dole institute. we give students the opportunity to learn first hand from leaders in the field. those events are bipartisan and have included people like dennis moore and the press secretary to senator dole. i would challenge you to compare the programming at the dole institute to harvard and i know you will be impressed with the dole institute. all events are open to the public and conform to the institute's mission of expanding the dialogue. on behalf of the university and on behalf of the dole institute, i want to thank you for your generous support. it is also possible because of the generous personal contributions of the doles themselves. of all the events i have been too, one of the most inspiring is the annual swearing in of new citizens. i make sure that whatever is going on, i get to that ev