reduce ineffective basal 3. we still have customers. sometimes it's driven more by the examiner than basal decisions. >> thank you, mr. chairman. >> senator bennett. >> thank you, mr. chairman. mr. dimon, it's good to see you. thank you for being here today. i'm the last. i suppose there is a second round, and being last is no fun because everybody else has already asked the questions before. let me try, though. first of all, i appreciate very much your response to senator cole's observations about the difficulty that borrowers are having with responsiveness from some of the largest banks. i'll take you up on your offer on behalf of colorado and say to anybody listening to this hearing, who may be listening to it, if they would make the same generous offer, i think all of us would appreciate on behalf of the people that we represent. i wanted to, in your written testimony, and you said it again today, i think you said that while the cio's primary purposes measure long term interest rate and kucurrent exposure, i

today we have 10% basal 1. the issue is how much is enough? but the calculation should be done fairly and properly. some of them, i think, made it harder to have proper capital, and i typically have complaints how the g-sippy requirements are done. >> compared to the sort of 7% flor f floor for a bank as big as yours, where do you think that should be? >> in my opinion, they should have come to us and said, you can have eight, and looking down the road eight is plenty, and it doesn't create confusion. the people don't know what the real requirements are yet because the rules aren't in place. that takes years to come in. >> but your suggestion is just 8. clearly the requirements are beyond 8. >> just eight, and if the regulator thinks he's on time, what i was a little worried about is we created what's called capital confusion. people don't know where the capital is, where are they going to be. >> clearly there are other folks who, for instance, switzerland is requiring, i think, 9% of their two large banks. do you think that's clearly overkill

the basal requirements are for 7% common equity ratio, which is a substantial increase over the pre -- >> tell the public what you mean by common equity 7%. >> so, so, what traditional ly measures of capital of the so-called tier one capital which could include common equity which people generally think of shareholder earnings and retained earnings and what they have put into the company, but also included some other kinds of hybrid instruments, the loss absorption capacity of which for an ongoing firm is not as strong as for common exwhich quity. so basically for precrisis if you dig down into the requirements, it is only really a 2% common equity rati meaning have to have common equity of 2% of the liquid assets, and basal three takes that up to 7% for the banks generally, and then as you referenced with respect to very large institutions, there will be once with implemented our additional authority, a surcharge which at present we think is between another one percentage

basal cell carcinoma is the most foreman, common form of skin cancer. >> the san francisco zoo is celebrating for new fine feathered additions. its world leading penguin breeding program hatched a quartet of chicks. they will be on display until the end of june but then they go to school or they will learn to swim and be hand fed. they will then return to the colony at the end,,,,,,,,,,,,,,, >> here is what we're working on for the 6:00 news. one day after a close call with a fire a bay area city is cracking down on a homeless encampment. >> with his new-found freedom, i promise you and i swear to, i will do great things >> he was robbed of his future by a false rape charge and spent five years behind bars. how the former football star will get another shot at his dream. that and more at 6:00.

. >> i think what it iss basal gang leah is bypassing you. you are working out of your cerebral cortex like in sleep the symptom goes away with sleep. people ask why. but i think what it is the basal ganglia are not being used. when he is stimulated up driving he's concentrating and focusing, he has to use his cortex. >> rose: you also saw psychological help, did you not. >> i did. a friend of mine said you should get yourself a psychiatrist immediately and i did. there was a local man, sandy morabli who stepped up to the plate and has been fantastic for me ever since. the point behind having a psychiatrist i think, well, another member of the team. i look at this as a racing team, really, assembled stanley is not, this is no demean, he's the chief mechanic. >> but my sky test, was, the original purpose was because there would be things that would drive me crazy about this disease, that it would be just better not to be taking out on my family. >> rose: what about longevity? >> well, this, of course, is something that scares me to death, the

an oortuty t to t aousawa basally o dotu o withachhat ihad ne wh as ly rry,dohose thhtart-d-hea s, we wi t- eaunge so ialebha andoni al fel i was geme t t llsoeb zhnd wh h al el nditn wa iaslie. t t had ver z eerwh h ntiod it.wali felte shld know andad r e waioed t see how ltshselowawarnde wa t eow wa l >>aris ok abo tis ourn wais cled >>athe s dbo -- t arn cd urneintohehe m dd an hea- ofmy extordiry son. ne tou ca mseeanheea tire itervwxtdi n. day, cae5:00aste tim re irv y,00teim > no 'reearng mo abouthe athof r ney no kinge polirn saymo his oue h fice fnd him ry ng liayis atfihe b ftomofim halifnia swmingoolarly th at b m rnin ha poce ctainifust all me sw ng l thly histh fiince po cint sae th isng wa afi avidsa wa a id smmerbuthe thght st er s vet pulia at woul benheht ve pia pool t th ul pa iculbe hounso sende up callgolth pa 911ul fou s hp.de pking ll beangby l anges 11 f licen h19 ngas cahtnea lpe ngd scearke ots aft 19ecan acqutal s theke sft e offer quvolvl. >>hethe rstffialffesul lv om >>e greet'scritalfi ectio are ulin eewith aitut20% eio feheinvote th a coted,he%cotry' cons

r th basally aagen ayinth toasly the a ropes, a rigrininto ithe . we ant peip aigpheint agweement , yodon'letus we'l takown tagenyon'tus 'lak eozon wnthat t the blamailhreathat they a eff etiveon off ingat heup. retlan,il theea eatopea ey affve areffg .ying you etlayhe eea ang re ifyou ng ou yt, yr c antry goefu dn th ile y cry oe's cde rms. d th bu thais watleou'r c ookgs. at.bu arehaust wout 'rok u . ret thet phra tt yo arfamiar uwithro thhe ra con tessiyoal arhearmigs. wetheust at the cff edon.si arearust. athe c ffwedgett c ied the eurorene.tt cge annot on i iwe tie overo it. an t teon i eurtioneve withos ri tles oss euretlancwios to the uted ates nd tris asis nan tho e upd ifices t si >>icha que expininthe th grkp cicsis ke >>haue nodyxpinlse e gr n. cs richd, tnk y ver nmuchye ch t yprecertech at. >> rorte tha y .ec >> anotrt.ivol vo o rte hall yoyabouthis >>otrnin vothis voe der y yoou in isyptin is ters re stin baotsern the n coury'sptresintia rs runoin fora a scond str ght e u'ssiia noor day. nd tre elttionits oued l ader y. elsni onubars's

. >> when i mentioned the anti-american thing i was talking about between dodd-frank and basal. american banks can't have preferred stocks like foreign banks can do. >> did you not specifically say as part of your un-american comment that the requirement for banks to hold more money was un-american? >> i did not. >> well, you know, i'd be happy to look that the again. i think you might want to review that. what your bank has been lobbying extensively against is the very types of protections that at the end of the day can guarantee that the american taxpayer doesn't become responsible. >> to your point there talking about the american taxpayer. jamie dimon says times are tough. tough for american banks. you agree? >> meamerican banks have had a tremendous amount of support. we have moneys in deposit accounts and savings accounts are getting no interest. even the ones that can save aren't getting anything on it. banks can take the capital and deposits and make the risky bets. in order to compete globally. his definition is to have as few regulations as possible on the u.s. banking

if you're in the south basal knows all about your commute. >> we are starting off doing pretty well down there in san jose if you are driving in san jose or driving to the west valley from anywhere you can see the traffic is looking good. let me show you a picture of northbound 280 as you head up toward the commute. the traffic is moving along very nicely. also the morning commute looks good on westbound 580 from livermore through dublin to castro vally and no problems get -- valley and no problems getting to hayward. at the bay bridge toll plaza we are getting more of a crowd now. it's backed up for a little bit here. the metering lights have gone on and now the backup is ten minutes. let's go to steve. >>> thank you. we do have big fog bank. much bigger today. yesterday it was mainly confined to the coast. still 90s inland. that will not be the case today unless you are really far inland. and you just don't get that sea breeze. low clouds and a really well pronounced sea breeze. busting up to 30-35. it's a west, southwest you name it it's all in place. low clouds are pushing locally in

co-author of this book, leading public intellectual, my abiding friend with a heart full of grace and basal generated by of, cornel west. [applause] >> i am blessed to be here and any time i have a chance to spend time with my dear brother tavis i have a smile on my face. 25 years ago i met this brother and we decided we were going to give our lives and be willing to die for the legacy of martin luther king jr. and diane nash and abraham joshua and dorothy day and others who headed deep and profound love for people and especially for brothers apoor b sisters of all colors. we made a covenant that we ever going to put whatever skills god has blessed us with to keep alive this tradition. we believe in the same cultural bird and we refuse to move without first looking backward and staying in contact with the best of those who shake their nose at us with tavis smiler deep in american culture and thomas bradley, the mayor of los angeles with that dynamite job, they lost that dynamite job. bob johnson who we had a mass demonstration, me and two other friends. brian and others. we had a meeting of