ben bernanke is not that man. thank you, mr. president. the presiding officer: the senator from arkansas. mr. pryor: thank you, mr. president. i would ask that my remarks be made as if they were made in morning business. the presiding officer: without objection, so ordered. mr. pryor: mr. president, homes in watson, winchester, even andy and barney -- for the last 20 years i have had bob rustle. for the past seven year, he's been my great chief of staff providing able counsel, know-how and hugh momplet bob is headed to the private sector but i cannot let him leave without thanking him for his public service in the arkansas attorney general's office and in the senate. bob was instrumental in assembling an exceptional team of talented aides and many of them are in the gallery today. over the last seven years, he led that team as he steered a number of legislative initiatives to success, including legislation to improve chairman's safety, help military families and strengthen arkansas families. none of these accomplishments would have possibl

when i found out, i went be serk. >> ery as a we seen ben on the floor by himself.t's what brothers do. >> they weren't supposed to. i don't like to talk about that but they had to see him. >> they was telling us that he's in stable condition and kenny allen pulled the sheet back and we saw him. we had to see him and we knew he was gone. >> reporter: early the next morning the day his senior season was supposed to start ben wilson was pronounced dead at the age of just 17. even president ronald reagan called the family to offer h is dead. >> involved in extraordinary young man. >> he was gunned down. >> it's not how long you live. but how well you live. >> then i seen my brother in that casket. oh, tried to wake him up like man, you ain't dead. get up, man. get up. get up. you ain't dead. get up. then seeing those two guys who did it. >> did you know ben wilson? did you know him? >> reporter: after the shooting cousins billy moore and omar dixon were taken into custody charged with murder and attempted robbery. moore was later sentenced to 40 years for pulling the t

. >> steve: and ken ben likes his play. he said he'll get some more time. brendan sherrer. got it.an sherrer has scored! >> miles: that's great for that young man. >> steve: these are the moments you love. cow to school to get apeducation. you try out, you walk on, and here is brendan is sherrer, shove more walk-on. >> m >>> 6' 8, 8 1/2, can do it all. i mean when i say do it all and do it gracefully. i mean with the greatest of ease. >> benji will, so his game and personality were -- wilson, his game and personality were electric, a future star in the nba until one morning when everything changed. get an inside glimpse at the man the nfl mayors have chosen to lead them in -- players have chosen to lead them in the fighnewtive rgaient. 'll uce emar ith. >> t our stin >> and a truy th abou inws tvie' hello and welcome to this edition of net impact. we've seen nfl commissioner roger goodell and nfl players association executive director demaris smith exchanging pleasantries through the media and have even been in front of congress as the two sides attempt a collective bargaining agre

guest: who is next if the ben bernanke? it is up to the president.know who will be. i hope it would be someone who would not be a political figure, somebody committed to transparency and accountability for the federal reserve so the taxpayer can see how their money is being spent and be assured there are no winners and losers being picked based on political inclinations. is in every public officials, there are good things and bad the spirit i grant that he did a lot -- i grant that he did a lot. but just look at the troubled assets relief program. the latest report shows the 54 civil and criminal investigations under way into how tarp funds were being used for inappropriate purposes, fraud and the like. i worry because of lack of transparency and accountability that the public has simply lost confidence. when it comes to our economy, our fans -- financial markets, confidence is important. i think the good thing would be for ben bernanke to move on and have the president nominate somebody new. guest: the massachusetts election% as it did this. before

back with ben and garcelle and others, right after this.t's why i use gillette fusion for my sensitive skin. fusion has 5 blades, with an anti-friction coating, that float comfortably. fusion, proven performance even on sensitive skin. walgreens invites you to stay well this new year. ♪ with the centers for disease control and prevention saying... that vaccination is still your best protection, walgreens and take care clinics... now offer h1n1 flu vaccinations... every day at our more than 7000 locations nationwide... for just $18.00. so stop in today. walgreens. there's a way to stay well. >> larry: garcelle and ben will be back with us. let's go to new york now to tatiana lubin. family members of hers are missing in haiti. he's trying to help her locate missing family members. louis champaign is the brother and his father, louis is missing us. also joining us with tea leoni. what have you heard from your family, if anything? >> i haven't heard anything at all. biff been calling since last night. no answer. my father's cell phone just goes

go like a pro. >> larry: back with garcelle and ben.nderson cooper is back with us to tell us what is happening at the top of the hour. anderson? >> larry, we are here going to be live for the entire two hours tonight from 11:00 -- from 10:00 to midnight. going to take you out into the streets of port-au-prince as only cnn can. our correspondents have been out in this sorrow-soaked city all throughout the day documenting the unbelievable acts of heroism, the unbelievable tragedy that is occurring here as well. we are going to show you what life here is like tonight and what may happen tomorrow. we'll try to give you the big picture, but also the very human drama which is occurring on just about every street on every block in nearly every building. we'll have all of that, larry, tonight ahead on "360." >> larry: that's "ac 360," 10:00 eastern, 7:00 pacific. garcelle, you have relatives? >> we have family we haven't been able to contact, too. cousins, evi, francois, stanley francois. we have no contact. we spoke to my brother-in-law throu

so i called ben and said, ben, let me know how i can help. ben just pointed the way here to come and answer the phone for the american red cross and unicef. >> larry: so ben booked you? >> yeah, he did. >> i was really moved he called me out of the blue and said what can i do to help? i've gotten a lot of that. i think everybody wants to do something, anything. >> larry: i understand you spoke to someone before coming here? >> my cousins are okay. my aunt is still missing. my cousins are okay. that's a good thing. i have to say, the outpouring from everyone has been absolutely amazing. i got to speak to a few haitian callers, and we got to speak to creole, and i can't tell you how moved i am that everybody cares. it it means a lot because for so long no one cared or knew us. this really means a lot. thank you. thank you. >> larry: i understand we can connect with dr. gupta again now. i had asked you doctor when you come upon a scene, are you still first a doctor? >> no question about it. there's no confusion in my mind. i was surprised when s

>> ben, what do you make of it? >> i'm looking forward to hearing a speech by someone who knows america's place in the world market and has fiscal responsibility, and i hope obama is listening very carefully when steve jobs speaks tomorrow. i don't know, it seems we're in big trouble, and the good news is it seems the american people are realizing that when you're in debt horribly that maybe it's best to stop spending a little bit. >> larry: president obama, tanya, dismissed in the campaign when discussing a freeze. obama said it would be like taking a scalpel to it. here's what mccain had to say today. >> i think that the president understands now how serious this problem is and that it requires hatch et ceteets and scalpels. it requires a hatchet to bring it under control, and it requires the scalpel to eliminate the waste ful and unnecessary spending. >> larry: and john mccain will be with us tomorrow night when we follow all the following following state of the union. we'll be on at midnight eastern, 9:00 pacifi

the previous administration nominated ben bernanke. i voted for him and then when i became chairman of the banking committee in january 2007 for the first time, i went to a very frustrating year on that committee. on february 7 of 2007 i had my first hearings on the issue of the mortgage crisis in the country and we had 12 such hearings and that committee of the remaining ten months, almost one every month on this issue. and then i could not get the chairman of the federal reserve to pay as much attention as i thought he should have. at beginning and the latter part of 2007 and going forward, his leadership in my view is absolutely critical to avoid any kind of problem this country has faced. so mr. president, i'll stick for a few more minutes later in this debate, but i think we would make a great error indeed if we were to reject this nomination and not terminate this filibuster, both up and down on this nominee and provide the confidence and stability that our markets demand in this economy has fragile as it is is going to continue

i want to gli ben stein hire. ben, in the end, the president is facing a bureaucracy much like any other president has. >> mr. obama is politically irresistible force, now met the immovable october object, the bureaucracy. if he can make that move, if he can make it as fluid and alert and lively as al qaeda, he will have done something truly historic. we're facing a i have, very lively enemy, namely the al qaeda, they're senatmart, li, adapt quickly. that would be a great thing if he could. >> and, ben, ooh think we might agree on this point. tightening up security, making the bureaucracy operate efficiency is the key. if we do that, we don't necessarily -- we don't need to profile. we don't need to ethnically, religiously prefile. we had 500,000 name on a list. if we put those name on a no-fly list, the guy would not have gotten the plane. all we need to do is get the pieces currently in place. >> we'll be back with all four of you. upbeat rock ♪ singer:wanted to get myself a new cell phone ♪ ♪ so i could hear my

ben bernanke's war on the great panic. which actually has a second subtitle as i read it. not every book has two subtitles, david. how the federal reserve became the fourth bank branch of government. it's a fascinating book. >> guest: thank you. >> host: and i think i should make that clear. at the outset. you take the reader step-by-step through the crisis of the last couple of years from the eyes of the chairman of the federal reserve, ben bernanke. so the book lets you see what dan and his colleagues weresed,d why they did what they did, the internal tensions and uncertainties, and how they were learning along the way. you're a very good translator of fed speech by the way. and i've been known to speak fed speak, though i always tried not to. [laughter] >> host: but the last couple of years were a wild ride at the fed, and it's not necessarily over yet. i was watching closely during this period, but i learned a lot from this book. there are other books about the crisis, quite a few of them. mostly on particular episodes like layman or bear sterns. but this one gives a v

it's of no political relevance. >> larry: ben?career going down like this, ben? >> well, when jesus came upon the woman taking on an adultery, and the elder says we have to stone her, jesus said, yes, i agree, the law says we have to stone her. and dr. drea said recently, lord this is the way you made us, you shouldn't blame us. this is how people are. it's very, very unfortunate, it's very unfortunate we're sinful, hypocritical beings. this is the way god made us and it's unfortunate he chose politics as his career. >> larry: stephanie? >> oh boy. i don't know if this is a man/woman thing, larry, but he's a little more forgiving than i would be. there's so many words for john edwards, larry, and so few i can say on basic cable. you know, i think that a lot of us -- i've had elizabeth edwards on my show. i'm a big fan, but i think most of us -- again, i don't know if it's a female thing or human thing. imagine, like, losing a child, having cancer, having your husband not just be unfaithful but father a child with someone else when

ben bernanke urges prevention of crisis. we will show you some of his comments from sunday when he spoke at an annual meeting for the academic economics annual meeting association. open-" policy -- "policy was at best for home prices. for one thing, there were many home price bubbles in many parts of the world. new zealand and sweden had tighter monetary policy, yet their home prices rose a more." marion, illinois. good morning. republican line. welcome. caller: good morning. i wanted to comment on the people instead of the politicians this morning. the fighting that we do between the democrats and republicans are whether the system works off of our attitude. the country has got a bad attitude. we can change that. we can change the direction we are going just by get along and quitting our fighting, cussing, and arguing, like them -- like politicians do. any comment on that? hosed though i do not have any comment, but thank you for yours -- host: i do not have any comment, but thank you for yours. eureka, california. good mor

wessel looks at the will played by federal chairman ben bernanke following the 2008 economic collapse. he discusses his book with allyson rivn current senior fellow at the brookings institution. >> host: hello. i am alice rivlin, and it is my pleasure to be talking to david wessel about his book, "in fed we trust" been bernanke's war of the great panic which actually has a second subtitled, not every book has to subtitles, david. how the federal reserve became the fourth bank of the branch of government. it's a fascinating book. >> guest: thank you. >> host: i loved it, and i think i should make that clear. at the outset, you take the readers step by step through the crisis of the last couple of years from the eyes of the chairman of the federal reserve bin bernanke, so the book lets you see what m.a.d.d. and his colleagues weret they missed, why they did what they did not, the internal tension and uncertainty of how they were learning along the way. you are a very good translator of federal speak by the way, and i have been known to speak did speak although i always try not to but th

host could you describe that as ben bernanke weeks up. >> guest: then i think ben bernanke prieta a sigh of relief and thinks we are finally end of this thing. then they are kind of surprised by the bear stearns episode. i think it is significant in two respects. one is that it happened and institutions that had collateral , which had some problems but had collateral, couldn't borrow short term, and that was -- >> host: let's be clear it wasn't a commercial bank with deposits. it wasn't really an institution for which the fed felt responsibility. >> guest: the first thing is if they were in trouble and that was a surprise. i think that bernanke judged it was a surprise for which the markets were not ready and hit paulson at the treasury and tim geithner at the new york fed agreed, and then secondly the fed decided as you point out quite rightly to help a bank for which it had not been responsible, it was and supervising, didn't actually know a whole lot about and it uses extraordinary power that had been given to the fed in the 1930's but not used since to land to almost anybody and circ

let's start by talking a little bit about ben bernanke and what you think this was true. what did he learn from being a scholar of the great depression for example? >> guest: well, you know, ben bernanke when he was a student of economics at harvard and m.i.t. he became interested in the work eckert economist milton friedman and anna schwartz did basically pinned the blame for the great depression on the federal reserve to read that the federal reserve was too tight with credit at the wrong moment. the federal reserve was captured by the economic orthodoxy enamored with the gold standard and managed to create the great depression or take recession and turn it into the great depression. friedman and schwartz said the banks failed as a result of that. bernanke bought their argument but he added one important amendment, and the amendment was the failure of the banks themselves made the great depression worse. and that in sight, that work of history turned out to be enormously relevant when this crisis hit because after all of us remember what happened here. we had a housing

host: on capitol hill, what are ben bernanke's supporters? guest: he's got some people on the left and the right who are actually quite important. chris dodd, chairman of the senate banking committee, was the latest on friday to step up his support and make it clear that rejecting bernanke would become a risk for the markets. on the right, jud gregg, the defender from new hampshire, has also been one of the most vocal supporters for chairman bernanke. it's probably use to feel note that both of those members are not going to face re-election in the fall, or they won't be running. that's interesting, because it's easier for them to step up. we had an issue this week with the senate majority leader, harry reid. he met with bernanke on thursday and issued the statement suggesting that he was on the fence still, and that actually became a problem for bernanke, because it suggested to a lot of other members that maybe reid was ok with allowing them to vote how they need to politically. on friday evening, after some pressure, clearly from the white

once again, i have a love/hate relationship with ben stein. first of all, we republicans and democrats did not get us into this deficit. the bush administration got us into this deficit, but i agree with ben. significant deficit reduction requires tax cuts. the rich are going to have to pay their fair share like they did with heroes reagan and eisenhower. >> larry: you mean tax increases? stephanie, you said tax cuts but you mean increases right? >> increases, right. you understand their conservative heroes reagan and eisenhower the tax rates were much higher. i've had it up to here with the bipartisanship. i think we've gotten nothing from republicans. i agree with you. i think he keeps trying, and you know, i think to have a significant deficit reduction, which i think we need, you're going to have to have the rich pay their fair share. >> larry: do you think the ben is going rightward? >> right after the election in massachusetts, but i agree with your friend and mine, robert reich. we're in a serious recession. i think any gesture towards

critics call at the courthouse kurt kickback, designed to secure the votes of senator ben nelson forthe health care bill. mr. mcmaster will explain why he and the other state attorneys general believe that the agreement is unconstitutional. mr. mcmaster has prosecuted white-collar criminals, internet predators, and drug traffickers. today, he weighs into another controversy in a potentially dangerous area, health care. >> thank you. those other prosecutions are not controversial. almost everyone is in favor of locking up drugÑi traffickers ad the internet predators. this has achieved some cumbersome and run the country and i would be glad to enter any questions ever anybody has about it. it is a very straightforward thing. there are now 15 attorneys general, two democrats and 13 republicans who have joined on this issue concerning the so- there are criticisms in the bill and this is not part of this letter and this effort by the bill itself. some in this group and otherwise not participating so far may join together or do something individually about other matters concerning this bil

virginia, gary, your thoughts on ben bernanke and regulation on the part of the fed?iate you taking my call. i had to use every gray sell that i had to try to understand ben bernanke last night. i was listening to him on the radio talking about that regulation. i agree with him. i still got a headache. it just packed my brain. i really had a hard time. it is complicated and complex. another thing that i have to say that i think is important, our uso shows in iraq and afghanistan, i was watching them last year. they were making vulgar, juvenile jokes about the middle eastern women in their culture. host: but shows are you referring to? caller: the uso shows we were putting on. i was watching the pentagon channel. host: is that where you can see them? ok. caller: i was really appalled. i was raised overseas. i went to uso shows. we used to have officials and local nationals, an indigenous personnel from that country. just to hear the jokes that those comedians were making, if i was a base commander i would have had the mp's drag those people off stage. this was appallin

you'll be back, ben.d top stories. >>> no escaping a cold, even in a state known for hot temperatures. martin savidge joins us from plantation, florida. not really the sunshine state these days. how threatening are the freezing temperatures, particularly to people not used to this and we're talking about produce as well growing in that state. >> yep, definitely. i mean, let me point out, fredricka, first of all what a difference a day makes for us. yesterday we were standing in st. louis, where with the combination of temperature and not to mention the snow on the ground and wind in the air, it felt like double digits below zero. now we come all the way down to south florida and i'm still freezing down here. in fact, it feels almost colder than it did up north. however, it is not technically freezing, at least, not in this part of florida. at least not now. temperatures probably in the low 40s but you've got overcast skies. you've got a strong, gusty wind that's blowing. there are windchill advisories tha

ben molina santana passed away at at the age of 58. >> it is like somebody take your heart and threw it in the trash. >> his passing was stunning between games of a youth double-header. games played on the feel where he built them from scratch. >> he had high blood pressure and he wasn't taking his pills and he was going to the fields andmaing it. all of it got his blood pressure off and that's when he had the heart attack. >> the funeral within the community where he lived. >> it was a major thing seeing 3 or 4000 people in two or three days showing respect, the most respect that they have for my dad. you have to be there to know how the kids were crying. i'm talking about nine, ten years old. >> my dad was a great man. he tried to help the little kids and got a bunch of teams. >> he died doing what he loved. he built that field literally. to die there was a special moment for him. >> a special moment as a special place, the ball feel which is such a community landmark and it's street builds the architect's name, it was on that field that a father taught his three kids had to play t

where ben louis hit a 3 pointer. the first half then a 3 pointer to win the game against georgia state. he is an option as is a very good three point shotter. one of the top in the conference in wells. and matt brady has a couple of options depending on how he wants to play the 9.4 seconds. >> glenn: you know wells shoots 46%. i'm in the sure they will run it for flores. >> al: the last time two weeks ago that george may san. son was at harrison burg a very critical moment with bowles shooting 1 and 1 in a four- point game. a hot dog from a jmu fan cam out. they gave them a technical. long and two free throws. and turned the game around. let's see what happens here the play and parker for 3. and wells has it. he will launch it. and off and. >> glenn: wow. fouled before the play. it is going to be shoot. shooting 1 and 1 instad of the 3. that's for matt brady's team. >> al: what a shot. and a whistled foul. let's hear it. we revisit the play. and you can hear the whistles. wells launched it. >> glenn: they got a big-t

and my only claim to fame is having been briefly ben's landlord. a decade ago ben and martin published a definitive paper claiming how decreasing values affect the society. and that claim is an outpouring to events, and take a look at that paper when someone tells you that macroeconomics were result of the problem of 2008. ben, thank you for joining us today. [applause] >> thank you, bob, and dale for coming as well. the financial crisis that began in august, 2007 has been the most severe of the post-world war ii era and it's range of financial constitutions that failed or came close to failure, possibly the worse in modern history. although forceful responses by policy makers around the world, avoided collapse to spark a global recession that we only now are beginning to recover. even if we stabilize our financial system and revigivate our economy, it's essential that we learn the lesson from the crisis. and because it's so complex, its lessons are many and they are not always straightforward. surely the private sector must improve their ability t

that is why there will be lots of no votes against ben bernanke. the white house might be wondering if they should have chosen someone else. we're still in the middle of getting out of the mess we are in. the economy is only now back on track. the white house figure the best thing for markets and certainty was to stick with the horse you already have host: you write that ben bernanke is in the midst of fighting for the fed's future on capitol hill. members are poised to cut back on the power of the central bank. guest: well, speaking of the financial reform legislation, the house has already passed the bill and the senate is still in the committee process. there is a strong sense that they want to curb some of the influence of the fed, especially in the senate to. also some of its supervisory powers. the administration's proposal had a central role for the fed. the house cut it back a little. but the senate wants to curb the role even more. you see this fed backlash over the months. host: our guest was educated at dartmouth college and at the londo

first field goal of the night for ben stywall!ation shot. i think he's getting $ frustrated getting hammered inside and not getting any touches. i wouldn't be surpriseded to see him step out a little bit more and shoot that 15-foot jump shot. >> mike h.: nc state had an 11-point lead a moment ago. uncg fought back in the first half, tried to do it here in the second. really changed up their defensive look a lot tonight. inside, what a pass. what a pass. c.j. williams on the receiving end. >> mike g.: javy gonzalez has really made a lot of strides at the point guard. there's still one or two turnovers he gets a game they would like to see him eliminate, but he's come a long way from his freshman year, where he's thrown into the fire maybe a little too quickly and is able to come back from that. >> mike h.: top five in the assist category in the acc. there's van dussen. >> mike g.: first three for them for the game. >> mike h.: and they needed it badly. inside horner. and looks like cole will pick up the foul his second. javier gonz

we'll break it all down with fran townsend, jeanne meserve and richard ben venista. "state of the union" "sount of sunday" for january 3rd. >>> the president's point man on the war on terror was on the defensive this morning over the christmas day terror plot. >> clearly the system didn't work. we had a problem in terms of why abdulmutallab got on that plane. there is no smoking gun piece of intel sdwre india intelligence out there. >>> the former chairman of the 9/11 commission says some of the blaeft rests at the white house because he says president obama's plate just might have been too full. >> the problem was not now, but the fact before that this administration i think was distracted. that's understandable. heaven sakes, if you're in this huge health care fight and worried about the economy and global warming, that's what they were cons tralting on. i think they weren't giving this enough attention. it's understandable, but not acceptable. >>> the former director of the cia warns the american people of tough choices ahead in the balance between privacy and sec

civilians lost their lives, he said he did not doubt that leaving who saddam hussein' in power would have ben

ben bernanke cost term ends on sunday. here's a look -- ben bernanke's term ends on sunday. here's a look, "the stock market is in a fragile state after having lost 5% of its value last week. the dow jones industrial average has fallen 537 points off in its worst week since march. the downturn was precipitated largely by dimming prospects for big banks in the wake of the president's populist proposals to tax them and limit their size and trading activities to prevent further need for government bailout. but the route could worsen this week as populist sentiment against wall street bailouts conflicts with ben bernanke's term coming up." this is an article from mike allen, who interviewed timothy geithner last week. "when asked about the possible market reaction with the feed, timothy geithner mentioned that it would be very troubling tolee did not think they should be on certain, they should be confident, because he was confident that they would be reconfirmed. caller: i think that bases are holding these banks and processors accountable for fraud. many, many people are distr

then seeing those two guys who did it. >> did you know ben wilson? did you know him? >> reporter: after the shooting cousins billy moore and omar dixon were taken into custody charged with murder and attempted robbery. moore was later sentenced to 40 years for pulling the trigger and dixon 30 years as his accomplice. on the day that benji died his simeon teammates decided to play their first game of the season without no. 25. earlier in the day students sobbed at simeon simply overwhelmed with grief, but benji's mother stood tall in the gymnasium. >> so today i speak in love of all of you who keep benji's memory and dignity and be strength v and strength and love alive -- strength and love alive. >> reporter: the wake was held on the gymnasium floor and 8,000 people came to see benji lying in his no. 25 jersey. the line stretched blocks outside of the school, mourners waited seven hours. >> i still have dreams about him like, you know, he came back and he was able to play again, but just dreams. >> sometimes i sit down and, you know, when i'm going through things, you

ben ber >> senator, a moment ago you mentioned health care. the president obviously made health care his signature legislative push in 2009. do you think he made a mistake? >> i do. and not because health care isn't important. i just think the timing wasn't good. standing at a very deep hole, it's hard to reach as high as you need to reach in order to put together a health care proposal that can get through the congress. i personally would have said, let's work exclusively on starting, restarting the economic engine once again and putting people back to work. the president i'm sure there say he was working on that as well. but i would have said that first, health care later. but, look, the president won the election, i didn't. so his position is you can't fix the economy without fixing health care. and there's some truth to that. we found it difficult to provide a menu of health care changes that can be enacted and signed into law. >> you can see the entire interview on "newsmakers" tomorrow on c-span. >> this week on america and the courts, t

so, ben gurion in that meeting said i have to go to the united states.we have to get some money to buy those arms and munitions. we need at least $30 million immediately. one of his aides was to become one of my greatest friends. he really was a founder of the state of israel. he was not really very well-known. he was going to go to buy those arms and ammunitions but where would the money come from? ben gurion said i have to go to the united states and ask the jewish of america to give us the money. then a little voice came up bin said, david, there are so many things you can do here and there are so few things i can do. maybe i can go to the united states to ask for some money. golda had known the united states but she had not been there for several years, and one day in june, it was a freezing day she remembered. she arrived in new york and a summer dress that she had in tel aviv because she could not go back to our apartment in jerusalem because of the arabs cutting the roads. she arrived with a handbag and the customs officer at idyllwild it was call

and my only claim to fame is having been briefly ben's landlord. a decade ago ben and martin published a definitive paper claiming how decreasing values affect the society. and that claim is an outpouring to events, and take a look at that paper when someone tells you that macroeconomics were result of the problem of 2008. ben, thank you for joining us today. [applause] >> thank you, bob, and dale for coming as well. coming as well. the financial crisis that began in august, 2007 has been the most severe of the post-world war ii era and it's range of financial constitutions that failed or came close to failure, possibly the worse in modern history. although forceful responses by policy makers around the world, avoided collapse to spark a global recession that we only now are beginning to recover. even if we stabilize our financial system and revigivate our economy, it's essential that we learn the lesson from the crisis. and because it's so complex, its lessons are many and they are not always straightforward. surely the private sector must improve

. >> stephen lee, game over, a friend of ben bernanke. helicopter ben bernanke the fed chief. famous said if we run out of money i'll drop it out of a helicopter. >> and they will. >> and no defense against deflation, by the way. the comment was not meant to fuel bubbles opinion meant to defend the economy against a false reading. >> historian diane, chicago. thanks so much. >>> from wall street to the your street and your wallet, the best places to invest your money in 2010. that's next. i have been congested for the last 10 days and it is so frustrating. (announcer) do you want to give afrin a try? ok. i can breathe through my nose immediately. afrin has made me happy. is that a silly statement? (announcer) afrin. why suffer? way up, since it's low last march, is now the time to buy or to sell? or to hold? and one of the best investments you could make in 2010. here to help us navigate the market good friends ryan mackey, president of optimum captain management and doug flynn certified financial manager. gentlemen, you've been with us through this entire financial crisis, th

host: ben bernanke, what is your prediction? will he go down in defeat? guest: i think it is fluid right now. i think there will be more senators who will speak up and say there will not support his re-confirmation for the reasons i said, that we need a fresh start. i think they can happen best with a new chairman. host: that sounds like he may be defeated. guest:ç i may be hedging my be. -- my bet. if people like me are coming to the conclusion they cannot support his confirmation, quiet predict i am not the only one. i think it makes it more likely that his re-nomination will fail. i cannot predict. guest: any major piece of legislation will pass this year? if you had to say there was one thing. guest: we could pass a common- sense health bill throu. small-business health-insurance plans, medical liability reform, greater competition -- >> jobs bill? guest: that is what the voters are most concerned about. and what they see as job-killing policies coming out of washington, including this health bill. there is plenty of room for tax cuts on small busine

ben bernanke was not only appointed by george w. bush to be chairman of the fed, madam president, he was a member of the bush administration. in fact, he was the chairman of president bush's council of economic advisors. why do you not want to reappoint somebody who not only failed at his job as chairman of the fed in terms of protecting the safety and soundness of our financial institutions, but was an architect of the bush economy, which was a disaster for american workers. madam president, we need a new direction at the fed. and it's not only looking back at the failures of mr. bernanke, it is looking forward and saying, how can the fed respond to begin to protect the middle class and working families of our country? and here's something that has not been discussed enough. the fed today has enormous powers. now, many will remember that as part of the bailout, mr. bernanke and the bush administration not only pushed "if a $7 -- not only pushed for a $700 billion bailout for wall street, but on top of that, mr. bernanke provided tr

ben bernanke. figures for the financial crisis. jeremy hubbard has more. >> the head of the for a reserve says the central bank is not to blame for the financial crisis. ben bernanke said weak regulation was responsible for the housing bubble. he has been asking congress to grant the fed greater oversight powers. critics argue the fed kept rates too low after the 2001 recession. this week on wall street could t the tone for the rest of the year. investors will be watching for what is known as the january effect, where stocks often rise to start a new year. if the first five days are up, the year often finishes at the same way. the world's tallest tower opened in dubai today. it is part of the effort to become a world wide hub for business. the tower's height is a closely kept secret. there are more than 160 flores creek is part of a $20 billion complex. analysts say the tower is unlikely to be profitable on its own. two" -- ""avatar" took in more and $1 billion. james cameron is responsible for one other, "titanic." 2009 was a reco

. >> stephen lee, game over, a friend of ben bernanke. helicopter ben bernanke the fed chief.y i'll drop it out of a helicopter. >> and they will. >> and no defense against deflation, by the way. the comment was not meant to fubl bubbles. it was meant to defend the economy against a false reading. >> historian diane, chicago. thanks so much. >>> from wall street to the your street and your wallet, the best places to invest your money in 2010. that's next. code orange. the late night heat wave. code orange. when the fever is high enough to be a code orange, you need children's motrin. medicine with muscle. the brand pediatricians recommend most... to bring high fever down fast... and keep it down for up to 8 hours. the 103 degree after-school surprise. code orange. who's not answering. announcer: there's a better way. intuit quickbooks online p9 organizes your business in one place, and helps you stay on top of your business anytime, anywhere. get a 30-day free trial at intuit.com. >>> with the stock market up, way up, since it's low last march, is now the time to buy or to sel

. >> we suspect that therean ben attempt to target one of our airlines, eecially ose that fly abroad of india. and we have alerted our encies to be careful on an-hijacking measures. >> sreenivasan: india has be largely free of terror attac since litants rampaged through mumbai for three days noveer of 2008. 166 pele were killed. a kansas court hrd opening statements today in the muer of an abortionrovider in chita. scott roeder h confessed to kiing doctor george tiller at a church last may. he is charged with premedited first-gree murder. but thdefense argues it was voluntary malaughter to save the unborn tiller specialized in perforng lateerm abortions. hiclinic closed after his death. thousands rallied washington in the annual "march forife". it was the 37th anniveary of the supreme courdecision of roe v. wade that legaled aborti. the anti-abortion crowd ralld at the white hse, and then moved on tthe supreme court. a handl of abortion rights supporte were also present. downpours sed today as the latest pacific storm med out of southern california. the risk for mudslides and floodin

ben bernanke was not only appointed by george w.ent bush's council of economic advisors. why do you not want to reappoint somebody who not only failed at his job as chairman of the fed in terms of protecting the safety and soundness of our financial institutions, but was an architect of the bush economy, which was a disaster for american workers. madam president, we need a new direction at the fed. and it's not only looking back at the failures of mr. bernanke, it is looking forward and saying, how can the fed respond to begin to protect the middle class and working families of our country? and here's something that has not been discussed enough. the fed today has enormous powers. now, many will remember that as part of the bailout, mr. bernanke and the bush administration not only pushed "if a $7 -- not only pushed for a $700 billion bailout for wall street, but on top of that, mr. bernanke provided trillions of dollars -- let me underline that -- trillions of dollars in zero-interest loans to large financial institutions. as a mem

no one came close. >> reporter: ahead how benji wilson's life changed in less than a second. >> ben's at midday. >> reporter: a horrific crime on these streets in chicago is on these streets in chicago is remembered 25 years later. on these streets in chicago is remembered 25 years later. the images from haiti are heart-breaking-- homes, hospitals, and schools destroyed; families searching for loved ones; parents trying to feed their children. but we can all do something. we can help the american red cross as it delivers the food, water, and medicine that can save lives. donate $10 by texting "haiti" to 9-0-9-9-9. visit redcross.org or call 1-800-red-cross. thanks for your help. oooooooooooooooo : invent a brgen fi'm k, daug sch is awa oula vnven me plr al d meat pareouse. ing ally y hu def p ths m sc ld w ure he i s tls oon way the. i kat t a p donw >>> take a look at san francisco 49er eric heitmann and you'd never know that off the field he's a pianoman. here's comcast sportsnet's bay area's brody brazil to show us. >> reporter: this is the side of eric heitmann peo

. >>> federal reserve chairman ben bernanke says the best way to prevent financial bubbles is through tighter regulation. but he says it's not the only way. and that may be necessary to raise interest rates again to prevent what he calls dangerous buildups of risk. now some critics blame the federal reserve for causing the recent housing bubble. they say the central bank held interest rates too low for too long. but in a speech before the american economic association's annual meeting, bernanke defended the fed's actions, calling the links between low interest rates and rising home prices, quote, weak. ♪ ♪ i don't need dime to be on to you ♪ . >> imagine losing your job just a week before christmas. well, it happened to this woman, and now she is singing about it, and why her song is so catchy.  >>> a u.s. embassy shuts its doors over concerns about terrorist threats. where it's happening, and why the u.s. is focusing more attention on that particular country these days. >>> she has been missing for weeks. now friends and family of a missing mom are turning to the internet to help fi

>> hello, i'm ben. >> i'm carl. >> idiot. >> what is going on here?re here to illustrate how glenn beck's knew book -- >> wait, glenn beck? >> -- will help you win arguments with your idiot friends. >> glenn beck, really? >> watch what i mean. >> whatever. >> karl, what do you think about taxes? >> they're reaching out of good for too long. >> really? >> shared sacrifice. taxes shouldn't progressiprogr e progressive -- >> hang on. progress sniff>> your rate goes up as you earn more. >> that's already how it works. >> fair share. hello. >> okay. we all know you can resight bumper sticker slogans. look at the chart. >> i'm unable to turn my head because i'm flat. >> well, in 2006, the top 1% paid almost 40% of the country's income taxes. >> really? >> really. >> you don't see that in the "new york times." >> i love the "times." >> i'm sure. but i doubt they told you 57% of the earners pay 97% of the income tax bill. >> the poor only paid 3%? >> no, no, no. the middle class paid 3%. the paid got an income tax refund. >> whoa. i wish i was poor. >> you ar

for these gimmicky stimulus plans that haven't moved the needle and he deserves credit for letting ben bernanke do this is thing and we can argue whether long term it has been a positive later. but for the short-term, ben bernanke injeshticted lots of f into the economy and propped up the financial sector and the housing market an props things up generally over the course of 2009. >> all right. you should have seen steve's fingernails dig into this plexiglass desk we have here. steve, go ahead. >> in terms of the president taking credit what turned the market around was, i hate to say it, was congress, not the white house or the fed or treasury, anyone else in march when they changed a regulatory rule, forced regulators to change mark to market. >> this is steve forbes giving credit to a democratic congress! stop the presses. >> sometimes it happens? nancy says you're welcome, steve. >> the fact of the matter is they held hearings and forced the change and the stock market turned to stop the bleeding at the banks more than anything the white house did and congress -- >> and who do you

centers are expected to take up the nomination of ben bernanke for another term. his current term ends on sunday. they will consider a bill to provide emergency aid to the u.s. survivors in the earthquake in haiti. >> wednesday, president obama delivers his first state of the union address to congress, laying out his vision -- his vision to the future of the country and his ideas on unemployment, health care, and the wars in iraq and afghanistan. our coverage starts at 8:00 p.m. eastern on c-span. you can also listen to the president's address live on what your iphone with d.c.'s own greed -- with the c-span radio app. science professor from the johns hopkins school for advanced political policy. what is our policy currently in latin america and how different is it from the bush administration? >> we really don't have a policy to latin america. that is not a fault of the obama administration. the euna states needs universal bilateral policies in certain regions. there are many long past policies for the night states -- the united states need to direct -- different