in the recent crisis we learned that the basel framework is virtually totally inadequate. it became clear that the quality of high-quality capital, which is basel speak for equity, had declined remarkably and was totally inadequate to absorb losses. we learned that the risk-weighted denominator was not a good indicator of risk and we learned that the minimums, whether you looked at them in terms of tear one or tier one plus tier two were entirely inadequate to safeguard the financial system. indeed in the case of every major failure you had the unhe had filing speckel of the spectacle, primary superivsor are were truly puzzled how it could have happened because in the last reporting period the firm in question had far above the average capital and far, far above the minimal requirement. the result was in the end the market simply ignored regulatory capital and focused on tangible equity. basel iii is all about trying to restore confidence in the system and a lot of it unfortunately is going down the same well-trodden road to nowhere. they're trying to fix the, some of the

in the recent crisis we learned that the basel framework is virtually totally inadequate. it became clear that the quality of high-quality capital, which is basel speak for equity, had declined remarkably and was totally inadequate to absorb losses. we learned that the risk-weighted denominator was not a good indicator of risk and we learned that the minimums, whether you looked at them in terms of tear one or tier one plus tier two were entirely inadequate to safeguard the financial system. indeed in the case of every major failure you had the unhe had filing speckel of the spectacle, primary superivsor are were truly puzzled how it could have happened because in the last reporting period the firm in question had far above the average capital and far, far above the minimal requirement. the result was in the end the market simply ignored regulatory capital and focused on tangible equity. basel iii is all about trying to restore confidence in the system and a lot of it unfortunately is going down the same well-trodden road to nowhere. they're trying to fix the, some of the

. >> the bay area company where making coffee spans generation, why it may be traded for basell.2@ >>> welcome back to assignment 7. chancesre you have a printer at home to use with your computer but is the printer giving away your secret michael finney on the new privacy concern. >> so if i go to google i can find this? >> rig. you can find all of it on google. >> i've done plenty of internet searches but i've never seen anything quite like this. it all starts with your printer scanner. here is best buy display, most of them are wi-fi enabled. it can leave your system open to snoops. >> you click to see if there is anything there >> we are looking at a list of hue elector wi-fi enabled scanners. we click on one and then we click agn. if anything is on the scanner we get to see what it is. here a photograph. we are bluing it out. here a document, again we can read it but we're blurring it so you can't. computer security firm z-scaler figured this out. >> any xp scanner that is connected in the room could be wide open and any documenthey are pulling out there could be scanned by others

by an basel to finish comfortably top of the world that took the point they needed to clinch one sure they also weeks the knockout stages in group h. shutout and that's what made the next round for the first time winning the group the victory over braga and also sealed so when they needed at the parties and great make sure they went through in seconds was. almost never really. you know this well read yes because if you do you can never achieve it you don't do it when you won one but. you are very good resources to the school and virginia last twenty minutes they would drop pretty big physically. i was always confident that you would qualify but you never know. those moves about people now are toast have maintained their slim chances of reaching the last sixteen of the year only they are the men beat valencia at home in a game they have to win and forgiveness for that was their. it's a very difficult day she puts a scar in the you are really the one just wants in there bears seven games and well left was only mathematical chances to proceed to the next each intervening convention they

winner the moscow aidid and two pieces of silhouette of his cabinet though he wanted tournaments in basel and kuala lumpur and reached three more finals as a result of his soul of the form and he finished the year in top ten not quite enough to get to the a.t.p. world tour finals with. despite injuries i would like to praise youzhny who ended the year in the top ten for the first time ever nevertheless he lost about two months because of injuries but our biggest problem in men's tennis is that we do not have hot prospects for the future right now. before this year we had was when i know i was in the shadows of her fellow confederates but if twenty ten hoping for months was beyond brace rabbit progress allowed it to mean a six year old to become number one among the russians and grab second in the world rankings all that despite a poor start to the year but ones when i would change coach she soon reached her first grand slam singles final and went at wimbledon ellington bronze medalists repeated that result in more the u.s. open and in beijing this by being second only to carolyn was knock

by and basel to finish comfortably top of the world about took the point they needed to clinch ensure they also leaks the knockout stages in group h. shock target that's what made the next round for the first time winning the group with victory over braga and also sealed so when they needed the parties on great make sure they went through in seconds for. all the reading. never say that you don't or when you won one but. i think we had the resources to do school and virginia last minute twenty minutes they would drop a little beatrice sickly and. so i was always confident that we would qualify but you never know. as miserable as people now are to sky have maintained their slim chances of reaching the last sixteen of the year only they all the men beat volunteer at home in a game like that so win and fitness but that was their. it's a very difficult day she puts a scar in the you are really the one just wants in there bears seven games and will laugh was only mathematical chances to proceed to the next each intervening convention they needed to beat the landscape the army man showed the

leading the way defending champions at basel when it informed that a leg magnitogorsk the top of the continental hockey league. while skiing laden rushes all the claims her first big success by winning fifty kilometer individual races in the boston region. and the saints marjon in new orleans come from behind to beat the atlanta falcons seventeen fourteen playoff spot in the n.f.l. . start with ice hockey where defending champions are gone top of the kontinental hockey league after beating wrestler minute to go away three nil and boss of previously lost three times to this season but three goals in the second period because sounds like victory elsewhere so be it make it over time to beat struggling that's like novokuznetsk two one one that he makes were three one with mrs bill east to scout had no problems against look his new graphic here in las vegas the freedom for two. game of unguarded scored a call late in the period with three tickets in america. staying on the ice but moving to journey a hockey where the all star team of the n.h.l. has left the u.s. to take part in exhibition

this basel of thing boos, briauna? >> are you surprised? it's george bush.sident against the former governor from alaska, in terms of book, he wins. he is number one right now on the new york types hard cover fiction list. his book just came out. hers is "america by heart." she's number two. she tweeted he has a good book, so i guess there's no hard feelings there. let talk about another story on the ticker, this is about the debt commission and it's very -- presidential debt commission, very controversial plan to trim 4 trillion dollars in federal debt. it's getting strong bipartisan support. 11 of the 18 bipartisan panel members at this point. throwing support behind it. they need 14 out of 18 to give an official recommendation from congress. but fiscal experts say the more support they have. even if they don't get the 14 more impact they're going to have on congress. especially next congressman they start dealing with deficit issues. those jobs numbers out. talking about this all morning. republicans are on the attack over this. 39,000 jobs only created i