. ♪ bank associate: welcome to the greater offshore bank and trust.right now, we're offering you $500 just to open an account. customer 1: it's 500 american? bank associate: $500. now we just need your most intimate personal information. if i can get your mother's maiden name. your social security number. bank routing number. bank associate: your atm password. boxers or briefs? customer 2: boxers. bank associate: boxers, could you write that down? ♪ ♪ >>> jerry weintraub is -- >> he's a puncher. >> he is a rare bird. >> he's a lot of things to a lot of different people. >> he's ringling brothers, barnum & bailey. >> tough as nails but has a mushy marshmall ow center. >> he doesn't have a filter. he'll say i woke up this morning and my balls ache. you're like, you know my grandmother? >> he's a force, a force of nature. >> one lucky [ bleep ] [ bleep ]. >> he puts on a really big show. cannot help himself. he can't help it. >> that's a clip from "his way" a documentary about jerry weintraub that's still in production. speaking of still in production, h

and then a lookit community banks with independent community banks association executive vice president steve verdier. that is live at 7:00 eastern here on c-span. >> c-span -- our public

host: our guest is steve verdier, ceo of the small bank association. he has all -- has also been with the community bankers and was a law clerk with the department of justice. what does the creation of the consumer protection bureau mean to the banks who are involved with? guest: one thing it does not mean is that -- we will still have our regular bank examiners handling our examinations, but the cfpb will be using all of the regulations. we're hoping that all of the differences between large and small banks will be recognized in those regulations. but what of the most important things that agency can do is to start examining the non-banks and financial players out there, the mortgage brokers, the pay lenders, the czech asher's. -- the czech catchercheck cashe. although the folks that never seen a body. that is one of the big advantages of this proposal. host: let's hear from tammy in kansas on the independent line. caller: it is lovely to talk with both of you. i do agree with what you did say on the magic swipe of the accorcard. that is for our protec

bank robbery. it was a notorious case critics claimed it was a show trial. was a close associate of both men. so the idea was that this had been somehow a blow against capitalism the idea of wall street the idea of banks a big moment of labor warfare a revolution you just have revolution so that whole system of capitalism government put together was what they were striking a blow at this was the first car bomb and it was the first car on no course it's not a car in the sense but it was a leg of this invented right here wall street. what happened to buddha buddha actually fled the united states he went back to italy but he never came back to the states as far as anyone knows. the wall street explosion was not just the first car bomb it was a terrorist blueprint. and the car bomb would next appear in the middle east in palestine in the violent struggle over the founding of the state of israel. in the one nine hundred forty s. palestine was under british rule. the majority arab population were opposed to a jewish state. the same time extremists jewish factions like the stern gang waged a terroris

she says in part, "commissioner raskin and been accessible to the association of member banks on a variety of important issues. she has worked with the association and the industry to assume numerous changes that have made the state banking charter stronger and more competitive. her belief in a buyer for the state banking system as well as her experience with the federal reserve bank of new york, the u.s. senate banking committee, have led her to assuming the chairmanship of the legislative committee of the conference of state banks. in addition, as my colleague pointed out, sarah got the award as consumer advocate of the year from the maryland consumer rights coalition. she has obviously shown an ability to come up with some very practical solutions to some very difficult problems. mr. chairman and senator shelby and other members of the committee, i simply close with this observation. we depended on sarah very much when she was on the staff of the committee. she was really one of our very top people. she brought terrific analytical abilities to work. she had measured and good judgment. s

she says in part, "commissioner raskin and been accessible to the association of member banks on a variety of important issues. she has worked with the association and the industry to assume numerous changes that have made the state banking charter stronger and more competitive. her belief in a buyer for the state banking system as well as her experience with the federal reserve bank of new york, the u.s. senate banking committee, have led her to assuming the chairmanship of the legislative committee of the conference of state banks. in addition, as my colleague pointed out, sarah got the award as consumer advocate of the year from the maryland consumer rights coalition. she has obviously shown an ability to come up with some very practical solutions to some very difficult problems. mr. chairman and senator shelby and other members of the committee, i simply close with this observation. we depended on sarah very much when she was on the staff of the committee. she was really one of our very top people. she brought terrific analytical abilities to work. she had measured and good judgment. s

bank was hurt. the driver injured her leg. >> the california school board association is locked into meetings now dealing with a pay scandal. here is the issue. if spending being slash add cross the state, how could the director of the organization justify a pay package of nearly $600,000? abc 7 is in sacramento and is asking questions. >> i am the executive director of the california school board association he told me that he thought this would be the end of his career. his compensation and credit card use became public, forcing officials at california school board association to meet behind closed doors all day at the west sacramento headquarters. according to tax filings he made 290,000s ndz 2005 school yir. the next year, he earned $350,000 then a $175,000 bonus in 2008 bringing the total compensation to more than 540,000s thadz year. he told sacramento television station kcra he didn't didn't push for raise autos board wanted to make it worth my while to stay. they decided to recognize me with some one time performance bonuses. they made an increase in the salary. >> the station is reporting he can

the problem with this is small and large banks alike pay the premiums, but the cost associated with thele regulators said they had was they did not have an fdic-like process where winding down insolvent investment banks would occur. this would only apply to commercial banks. ifç they had that power, they could have prevented the lehman brothers bankruptcy andç all of the messiness associated with that, and they would have had better tools to take part a.i.g. but those new powers only cover large financial institutions. now we are going to raiseç fdic assessments on small banks to pay for future assessments on large banks. çwe made that point in the editorial, that if you want to be consistent to not adding to the deficit and not raising taxes on banks, this bill still does have that. it adds to theç deficit, wheres the previous bill, which wasç consisted of taxes, does not. there are also a host of other reasons. host: your editorial does have a multi-part position here. it is available atç nationalreview.com. çlet me tell you how you can gt involved. democrats, 202-737-0002. re

the large banks will be adding people because of regulatory requirements. they will be associatedith leg rah tori compliance. >> some of these may take a year or longer to roll out because so many federal rules must be rewritten. [ closing bell ] >>> wall street reacted to bernanke, who warned the economic outlook remains "unusually uncertain." here is a look at today's closing numbers. the dow jones dropped 109 points, to close at 10,120. the nasdaq dropped 35 points, closing at 2,187. for more financial and consumer news go to ktvu.com and click on the business news. >>> back to the weather. it almost looked like it was gonna rain. those clouds were so dark. it really was a cool day. we're changing the pattern around. it will warm up. you saw john fowler's piece earlier in the newscast. it has been a very cool period. it was a wet spring as well. all part of the same system. here's what we have right now. as you look closely, let's go right tooler. i just want to show you what we have. 69 degrees. livermore right now at this -- at this time of year should be basically in the 80s

trying to overcome the various obstacles associated with the transport and bringing this fabulous sculpture here to san francisco. please join me in welcoming and banking -- thanking jill for her great work on behalf of the city of san francisco. [applause] >> thank you. that was wonderful. welcome to everyone. can you hear me? i know that i have a soft voice. this is a glorious event. i am so happy that you are here to join us. i am amazed at how art to galvanize an entire city. literally overnight, a think the buddha has become the talk of the town. my main purpose is to identify and thank the many people involved on both sides of the pacific ocean. without their help, this project could not been realized. to " the former first lady, hillary clinton, "it takes a village." with this project, that phrase could not be more true. as the project manager, i am the common thread connecting the many visible and invisible contributors to the project. i know that thank you's can be the most boring part of the ceremony and people generally to and out. please listen because my list will help you to learn the complex and dramatic sage of its dramatic journey from

this provides a forum for the small business owners, trade associations, lenders, bank supervisors, and the other stakeholders to exchange ideas about the challenges facing the small businesses. some of these meetings involve discussions and others suggested specific topics. this included a guaranteed loan programs. i attended a meeting that included credit issues with the session focusing on the specific case of the auto industry. participants in this sector spoke about the crucial role of stable financing for small businesses ranging from suppliers of parts, to the independent automobile dealers in the recovery of the auto industry. this was one meeting in one city. the meeting in miami focused on the role of hispanics in small business. a similar discussion took place in new york and san francisco and chicago, among many others, including omaha, nebraska and little rock, arkansas. the objective was to gather information that we and others would be able to use to develop policy to support giving loans to small businesses. identifying and addressing the credit caps, when pat missed the

kenneth feinberg will release a list of banks he has determined paid their executives too much while the financial system melted down. according to the associated press, he will single out jpmorgan chase. this review is likely to be feinberg's last before he leaves the treasury department to focus full time on bp claims in the gulf. >>> general motors is jumping into the subprime lending business. thursday they bought americredit for $3.5 billion. a company that makes car loans to people with bad credit. gm hopes it will boost sales, unlike home loans, subprime auto lending it considered fairly low risk. >>> on new york's long island thursday, the empire struck back. a man dressed as darth vader from "star wars" complete with mask and cape used the force to rob a bank. instead of light sabre, the thief had a gun and made a quick getaway. so, i guess, no jedi was on hand to stop him, betty. kind of a weird outfit to choose. >> it's incredible. we see all kinds perform earlier this week there was a guy robbing banks, allegedly, with flowers in hand. i mean, it's like they come up with new ideas. i mean, who sits around and thinks about, what kind

the problem with this is small and large banks alike pay the premiums, but the cost associated with the that the fdic has beenç given to wid down a large, non-financial banks. one of the problems in the last çcrisis that battle regulators said they had was they did not have an fdic-like process where winding down insolvent investment banks would occur. this would only apply to commercial banks. ifç they had that power, they could have prevented the lehman brothers bankruptcy andç all of the messiness associated with that, and they would have had better tools to take part a.i.g. but those new powers only cover large financial institutions. now we are going to raiseç fdic assessments on small banks to pay for future assessments on large banks. çwe made that point in the editorial, that if you want to be consistent to not adding to the deficit and not raising taxes on banks, this bill still does have that. it adds to theç deficit, wheres the previous bill, which wasç consisted of taxes, does not. there are also a host of other reasons. host: your editorial does have a multi-part po

association. and they are real banks. they are monitored by the fdic. most of them are fdic assured.bank would be too much hassle. more hassle than it's worth. if you don't want to leave your bank, but you want the free checking, are there ways around these rules? >> there are. and you're right. moving your money can be a big deal. you have to undo accounts and direct deposits and things like that. and some of the major banks allow you to get around it. citibank, for example, has something called ez checking. normally, they charge you $7.50 to $9.50 a month to maintain your checking account. but they say they'll waive that if you keep $1,500 across a combination of citibank accounts. then, we have wells fargo. they have value checking. normally, it costs $5 a month. but they say they will waive it if you keep $1,500 in your account or set up direct deposit. and similarly, the same is true for jpmorgan chase. if you set up direct deposit and you agree to use your debit card five times a month, they'll give you free checking. in all of the situations, you have to keep in mind, you want

the problem with this is that small and large banks alike pay these premiums, but the fdic -- the costs associatedven to wind down large institutions. federal legislators did not happen fdic-like process for seizing and winding down insolvent investment banks, because the fdic only applies to commercial banks, depository banks. they said if they had had that kind of power, they could have prevented the lehman bankruptcy and all the messages associated with that. and they would have had a better tool to use -- and all the messiness associate with that. those new powers only cover large financial institutions. now we are going to raise fdic assessment of small banks? it is not consistent with what senator scott brown has said in the past is his preferred policy. so we made that point in the editorial, saying if you want to be consistent about not adding to the deficit and not raising taxes on banks, this bill still does that. in fact, it adds to the deficit, whereas the previous bill, which funded all of its -- voting for the bill would be inconsistent with senator brown's previous position month de

president of the independent community bankers association to talk about the financial regulation bill that passed and signed into law and what it means for community banks. all that, your calls and the newspapers tomorrow on "washington journal" at 7:00 a.m. we'll see you then. [captions copyright national cable satellite corp. 2010] [captioning performed by national captioning institute] >> next, "newsmakers" with senator carl levin. then federal reserve chairman ben bernanke on the economic outlook. after that, nomination hearing for james clapper. >> this week we welcome carl levin. senator, thank you for being with us. let me introduce our two questioners, pentagon correspondent. covers nuret for "national journal." and we'll start with you. >> senator, i wanted to ask you how you would define victory in afghanistan, what you think that will look like and how much time do you think congress and the american people will give president obama before patience runs out? >> victory to me is success, not victory -- it's not something which is going to be kind of a signed thing at the end of a war. it's going to be a gradual, hopefully we'll know when succe

these meetings provide forums for small-business owners, trade associations, lenders, bank supervisorsfederal, state, and local officials, and other stakeholders to exchange ideas about the challenges facing small businesses both in the short run and the longer term. some of these meetings were small group discussions while other were larger and addressed specific topics such as minority entrepreneurship and guaranteed loan programs. i attended a meeting in detroit that combined a general discussion of small business credit issues with a session focusing on specific cases of suppliers to the auto industry, many of which are small and medium-sized firms. participants in that session highlighted the interconnectedness of the office supply chain and a crucial role of stable financing for small businesses ranging from parts suppliers to independent automobile dealers in the recovery of the auto industry. this was just one meeting in one city. a meeting in miami focused on the needs of hispanic groups. formative discussions took place in cities like new york, san francisco, and chicago amon

this provides a forum for the small business owners, trade associations, lenders, bank supervisors, anding the small businesses. some of these meetings involve discussions and others suggested specific topics. this included a guaranteed loan programs. i attended a meeting that included crediissues with the session focusing on the specific case of the auto industry. participants in this sector spoke about the crucial role of stable financing for small businesses ranging from suppliers of parts, to the independent automobile dealers in the recovery of the auto industry. this was one meeting in one city. the meeting in miami focud on the role of hispanics in small business. a similar discussion took place in new york and san francisco and chicago, among many others, including omaha, nebraska and little rock, arkans.

banks losing the most on hold the forces down over two percent. b.p. could reduce some of its liabilities from the oil spill in the gulf of next. by associating them with assets it is putting up for sale the total cost of all liabilities stemming from the disaster is now thought to be as high as one hundred billion dollars b.p. has been considering the sale of assets to raise capital but such deals could be risky for potential buyers laws prohibiting fraudulent transfers could allow victims to sue a buy to cover their claim even so exxon mobil. apache already publicly stated an interest in b.p.'s assets with the latter's saying it was ready to pay ten billion dollars for property in alaska. quarterly results from google have missed expectations for the first time in two years the world's top search engine posted net income of one point eight billion dollars for the second quarter but the growth in the company's expenses offset it to a twenty four percent jump in revenue and of a worried about rising costs as google spends heavily on research and development to expand into new products. big state owned companies in russia are not coming up wit

association has endorsed jerry brown for governorn the race for u.s. senate, barbara boxer has a clear financial advantage over her rival. republican candidate carly fiorina reported her campaign had just $953,000 in the bank as of june 30th. the former hewlett packard ceo gave her campaign $5.5 million for the june 8 primary but provided no personal money since then. boxer reported she has $11.3 million at the end of june. she is trying to win a fourth term as u.s. senator. >>> a third body was recovered from the surf near point ray after a boat capsized yesterday. authorities haven't released the name of the latest victim. we know if identities of the two men recovered yesterday. the coroner's office says the two men drown when their sportfishing boat was hit by a wave. one was from river bank california and the other from arkansas. neither man was wearing a life jacket. one man is still missing. >>> the golden state warriors do have new ownership, and it is not the person many were expecting to take the reigns. lauren scott is here. what a surprise this one. >> not happy about it either. >> not billionaire software tyco tycoons, but a venture capitalist and entertainment industry ceo. a record sales pri

the association says that high unemployment and plummeting, the news appeared to have spurred consumers to shore up their finances, and caused bankso limit their lending, all resulting in fewer americans being late with payments. finally, a top toyota executive in japan says the automaker is adding about four weeks to its vehicle development time to check for quality because of the massive recalls. the executive vice president said at a news conference in japan today that toyota expanded too quickly in the u.s. in the years leading up to the recalls of more than 8.5 million cars and trucks. >> before the senate judiciary committee votes up or down watch the entire hearing for elena kagan, including her testimony. you can watch online at the c- span video library. to purchase a copy click of the "byuy now" button. tonight, this author won a nobel peace prize for his development of the micro credit initiative. in the 10 laws of enduring success, maria on living through hard times. also, the nobel-prize winning economist tells about the 2008 economic collapse and what is next in his book "freefall." c-span is now available in over 10

association. it was founded in 1946 by and for companies along the can mall along the west bank of jefferson parish which is six miles from where we sit today at this hotel. it has supported the gulf coastal system. we've imported the oil and gas industry since drilling began more than 60 years ago. be sure to understand to the members we represent and never understatement the tragedy that was the deepwater horizon or forget the loss of the 11 crewmembers. we want first what happened and work together to develop the technology and standards to guarantee safety in the workplace as well as set the standards needed to ensure protection of louisiana's coastal environment. in the 68-year history of gulf drilling, more than 2,000 deepwater drills have been made. over 16.3 billion barrels of oil have been produced in the gulf of mexico with a 0.023% of that oil lost to spills. as you are aware, 80% of the oil and 45% of the natural gas in the gulf come from the deepwater exploration. of the more than 7,300 active leases in the gulf of mexico today, 58% of them are in deep waters, including the 20 highest

banks to the challenges of the financial crisis. she has been praised by the maryland bankers association and the maryland consumer rights coalition for a fair, balanced approach to regulation in our state. that is no easy task to get both the bankers and the consumers to believe that you are doing the right thing and i applaud her for her dallas leadership in the state of maryland. -- for her balanced leadership in the state of maryland. she served on the joint economic committee to congress. i am sure shall continue her commitment to keep our banks safe and sound for dedication and work ethic are tremendous asset to our nation at this critical time. i wholly -- i wholeheartedly recommend terminatioher nominat. >> paul, welcome back to the familiar haunts. >> thank you very much, mr. chairman. i am pleased to be back with you. we used to sit up there and conspired together. i have commit. i am here in strong support of sarah bluegrass in to be on the federal reserve board. -- sara bloom raskin. i am not going to repeat the biographical statement that senator card in made. i do want to make a few quick observations. sarah has been an

association. there is no doubt at all that there was room for and need for some additional regulation in some areas, particularly wall street's, not traditional, mainsheet community bankswe did not make subprime loans. none of the other banks here in town did that kind of thing. in the last couple of years we have had 50 regulations passed or additions to existing regulations that somebody in my 19-person shop has to understand every little part of and be examined every couple of years to make sure we are not tripping over something. every hour we spent trying to make sure we comply with the nitpicking regulatis here or there that we cannot devote to looking for new business or approving new loans is counterproductive. this new law that they may be passing on of these days soon, projections out there are that that will add 5000 pages of additial regulations. if it gets passed and goes to the regulatory bodies to set up the loss, we may be looking at 5000 pages more of regulations just that will affect a sml community bank like mine here in town. that is not talking about all the regulation that needs to be there for some of the mega banks or wall street banks that are

association. there is no doubt at all that there was room for and need for some additional regulation in some areas, particularly wall street's, not traditional, mainsheet community bankswe did not make subprime loans. none of the other banks here in town did that kind of thing. in the last couple of years we have had 50 regulations passed or additions to existing regulations that somebody in my 19-person shop has to understand every little part of and be examined every couple of years to make sure we are not tripping over something. every hour we spent trying to make sure we comply with the nitpicking regulations here or there that we cannot devote to looking for new business or approving new loans is counterproductive. this new law that they may be passing on of these days soon, projections out there are that that will add 5000 pages of additional regulations. if it gets passed and goes to the regulatory bodies to set up the loss, we may be looking at 5000 pages more of regulations just that will affect a small community bank like mine here in town. that is not talking about all the regulation that needs to be there for some of the mega banks or wall street banks tha

. ♪ [ bank associate ] welcome to the greater offshore bank and trust. [ bank associate ] right now,e're offering you $500 just to open an account. [ bank associate ] we just need your most intimate personal information. driver's license number. do you have any credit cards on you? just put both of those numbers right here. we're doing a dna scan. we just need a hair sample. great, will you put that in there? [ bank associate ] your first boyfriend... just a yes or a no whether or not he broke your heart. ♪ ♪ ould ♪ you go next if you had a hoveround power chair? [ horns honking ] ♪ bank associate: welcome to the greater offshore bank and trust. bank associate: right now, we're offering you $500 just to open an account. customer 1: it's 500 american? bank associate: $500. now we just need your most intimate personal information. if i can get your mother's maiden name. your social security number. bank routing number. bank associate: your atm password. boxers or briefs? customer 2: boxers. bank associate: boxers, could you write that down? ♪ ♪ when i got my medicare card, i realized i

. ♪ [ bank associate ] welcome to the greater offshore bank and trust. [ bank associate ] right now,e're offering you $500 just to open an account. [ bank associate ] we just need your most intimate personal information. driver's license number. do you have any credit cards on you? just put both of those numbers right here. we're doing a dna scan. we just need a hair sample. great, will you put that in there? [ bank associate ] your first boyfriend... just a yes or a no whether or not he broke your heart. ♪ ♪ :tv] [humming] ooh! here we go. announcer: you don't have to be perfect to be a perfect parent, because kids in foster care don't need perfection. they need you.

association of manufacturers. they're worried that this bill, if it chokes off lending by the banks, that could hurt manufacturing,again stifle growth and lead to higher unemployment. >> if the administration wants to use this as a springboard to go further, is that going to be possible or are the battle lines firmly drawn now? >> i think politicians definitely will have an eye on the midterm elections. the democrats will try to use this to say, look, we are the friends of main street, and we're working for you. if of course, on the other side of the aisle, the republicans will say that the government as possibly overreached in this instance, and they will try to said that it does not actually address the symptoms in the cause of this crisis. so i think that is the kind of conversation you can expect living towards this november midterm election. >> many thanks for that. as the hunt goes on at 4 renegade afghan soldier who killed three british troops in helmand province, immense and he is the soldier has contacted the bbc service in kabul. he said he was acting alone but has since joined the taliban. we go to our