boyce want to know how did you set the rate and what were the factors in setting the rate. he did not get a complete answer to that today. geithner did not conclude his testimony, he'll be on the stand with boyce questioning him tomorrow. that is one of the - late in the afternoon, that was a key line of questioning about how did you arrive at the interest rate, and geithner said he was informed by a private rescue that was contemplated by goldman sachs and morgan stanley that never occurred, but the interest rate was modelled on or taken from that rescue attempt. >> got it. quick, preview bernanke tomorrow, we expect him. >> not tomorrow. >> not tomorrow. >> geithner went overtime. he was supposed to finish today. bernanke will come up on thursday. bernanke and geithner are the key figures. this was federal reserve authority that the bailout loans and the terms of the rescue were crafted under. explanations. >> thank you for being the guy for us in the courtroom. andrew calling in from gc. thank you. >> you're welcome. >>> a $25 million scholarship donated to the united ne

these guys are going to be grilled by david boyce, if you've seen david boyce in action in a courtroomis is going to be spectacular. >> reporter: it's really going to be an interesting week, simon, just as you said. about 15 or 20 minutes ago, court was in session, opening with judge thomas wheeler turning to mr. boyce and saying, i see you have a new witness today, with a smile. there was laughter in the courtroom. referring to hank paulson, who will be on the stand today. boyce opening his line of questioning, taking paulson out to before the financial crisis where paulson new of a pending crisis in the housing market. you can see by his line of questioning how he's going into what the government's response was during the financial crisis, how he's going to focus in on some of the actions taken when paulson was treasury secretary, specifically loans that were made to other companies who were suffering during the financial crisis. the reason being, one of the alleges is the government did not treat aig fairly because it charged it higher interest rates on those loans. now, paulson dec

boyce, 6:47. millwood, 6:50. again, if the storm holds together, it will be up toward barriville by 6:57 and middleway before 7:00 this morning. the tornado warning itself will be expiring at about six minutes. we have had only a radar indicated tornado. it has not been spotted on the ground. but you need to take your tornado precaution. that means lowest level interior. staying away from doors and windows. don't go out to look at it. it is still dark. what a little bit of rotation is out there is probably wrapped up in rain as well. this storm is going to continue to move right here into southern parts of clark county and eventually into jefferson county in west virginia as well. bethel, white post. and this zone right in here, this is where the most dangerous part of circulation is. mill veil to white post in the next two to three minutes. if it holds together it is going off to the north. white post by 6:42. that's only four minutes from now. i'll give you a little wider view on it now so you get a sense of wh

david boyce, there's nobody better.the government thought a lot of him. >> my point with andrew and he was taking the side that these guys did some horrible things and that they needed to be actually punished. that there should have been punitive measures. my point was that number one it was probably 300 guys in connecticut. it wasn't a hundred thousand that were at aig that did the derivatives. and number two, it wasn't a solvency issue. >> absolutely. >> it was a liquidity issue. like with general electric. not everybody should have been punished and maybe congress should have been punished. maybe fannie and freddie. >> but did aig do something wrong? there were the guys who did this. i mean, they had -- >> you want to know who did something wrong? >> he said he would have shut it down. but the ceo didn't. >> eliot spitzer. >> but the ceo didn't shut it down. i understand it wasn't hank at the time. . >> the fact of the matter is we have a constitution. we're a nation of laws. first of all, i plead guilty. anything ha

today it was ben bernanke's turn to go up against superlawyer david boyce who is representing greenbergs suing over the terms of the bailout of aig. other witnesses have included hank pahlsson, and tim geithner. bernanke was not so happy to be on the witness stand, it seems. joining us is bloomberg business reporter andrew zajac. so bernanke didn't seem too happy, is that right? >> that's right. the body language, and the character of his responses suggested he wanted to be elsewhere. >> okay. but what were the key bits of testimony? the >> he testified that the harsher terms that were accorded aig were justified by the goals that regulators had. they wanted to prevent shareholders of the company from reaping a winfall if the company was bailed out, and they also wanted to -- not necessarily to save the company, but to prevent the systemic damage to the overall economy from the company's collapse. aig is the largest insurance company in the world, and it has relationships in terms of the financial products that it -- that it insured with everything -- everybody from investment banks, re

. >> once again that was brad boyce r as a small business owner, you don't deliver anything less than your customers and at verizon we believe you shouldn't settle for less than 100% of the internet. that's why only fios comes with speedmatch. upload speeds as fast as your download speeds. so large files are sent in a snap and video chats with customers are seamless. switch now to get fios internet and phone for just $99.99 a month with a 2-year agreement and get $300 back. that's $300 when you switch to internet and phone with 99.9% network reliability don't miss your last chance to get a free lg tablet or up to $200 off any tablet from verizon wireless when you switch to fios. call 1.888.410.4404 now to get a firm price quote of your total monthly charges. just call 1.888.410.4404 now. 100% fiber optic internet that makes you small business ready. >>> we have a world record from the farm. >> this is a farm animal you can look up to. >> it is blossom a 6-foot four, 2200-pound, cow, called northern illinois, home. >> that looks fake almost. >> blossom is 13 years old, her owner says t

surprised to one of the people of course who argued the case of the supreme court previously is that david boyceourtroom. i do hope to get him in the hallway but i never had the opportunity. this is a big decision, tom, and not just aids where this is going to move forward with the fact that the issue is still out there, that it is still out there heading into a midterm election raises some questions for republicans, who have been opposed to the notion of gay marriage, so this was a surprise that the supreme court did not finally resolve this issue once and for all. it is still lingering out there. it is a political, legal issue. it is not going away anytime soon, but it is pretty clear after yesterday's decision where the road is headed. >> peter cook, thank you so much for for the record, i do not feel that hank paulson felt annoyed at your inquisition. >> he told me the weather was good in chicago. >> peter cook, our chief washington correspondent, thanks so much. >> olivia, news just crossing the tape. that is a very simple headline bertelsmann increasing -- bertelsmann increasing its stake

so how they're managed is different said also looked at the capability like ltv with the transition boyce over lte voice over it for wireless that traffic handled with higher priority it just will not work there is nothing comparable happening right now i just want to emphasize that fundamental distinction >> what i am hearing perhaps is they should be treated different with a different set of rules and i'll make that counter argument so let's go back to his largely vacated by the d.c. circuit and then reconsidered a blanket prohibition we will not do that here that there was a presumption that a priority is in violation of nondiscrimination law this is what got them and in trouble with the d.c. circuit to come for regard bended knee to say we have led deal they thought that was tantamount. if we were to new flip that presumption around to make the priority deal is presumptively efficient otherwise by a content provider to prove that treatment was discriminatory with that approach would we need to different structures 14 wireless or one for wireline? >> assuming your analysis is correct i

now, geithner spent most of the day sparring with attorney david bo boyce representing those shareholdersf geithner's answers were i don't recall, i don't recall precisely or i don't know. it's all part of the strategy on the other side proving that aig was being treated unfairly and illegally by the government. that government bailout ultimately swelled to nearly $185 million, with the government taking a 92% stake in the insurance giant. aig, of course, has fully repaid the money since then. geithner is expected to be back on the stand tomorrow. that will now push back the timetable for testimony from former federal reserve chairman ben bernanke who later on in the week. >>> and in other corporate news, yum brand is out canning its full year profit outlook after same-store sales in china fell 4% amid a food safety scare. same-store sales outside of china rose in the third quarter. yum shares were up about 1% after hours and trading down in germany at this moment. >> coastco reported quarterly results early this morning. they rose 13% to 1 is.58 a share beating forecasts. the company, wh

the most popular name for boyce is reince. [laughter] i am just kidding.it is lam and noah. a newborn baby's grass is so strong he can support his weight in mid-air to hang on for dear life is a great skill for babies born today. is assuming how we leave them it is unbelievable. to share $18 trillion of national debt for every child over $55,000. how is that fair? shame on us if we don't do something because taking care of our generation should required robbing the next that is why paul ryan and jim jordan reduce free-spending to produce the safety net today it is run more efficiently federal government gets bigger and more expensive and it does not make sense. was applied 24 erst -- 21st century efficiency and moving on when of the big driver suspending principal number for. we need to start over with the real health care reform to put patients and doctors in charge not unelected bureaucrats in washington. let me ask you this. at the most critical moment of your life with your life hangs in the balance of 91 decisions made about what kind or how much heal

he appeared slightly combative and vaguely annoyed from the questioning from david boyce mostly providingt responses like yes, sir, i don't recall. they got an exchange of aid package and loans and commitments. asking bernanke, as you understood it in 2008, did rates include equity? bernanke, i don't recall. they claim it violated their fifth amendment rights by not compensating them for that. geithner and paulsen is trying to paint the officials as forcing a slap dash agreement that failed to properly value the company and unfairly punish its shareholders. as for why the equity stake was taken, bernanke did have an answer to that telling the court it was taken for the public saying, i know the equity component was additional compensation to the taxpayer for the risk being taken. mr. bernanke had to leave court around 3:15 today. he will be back tomorrow morning for more questioning and we'll be here to cover it. kelly, back to you. >> mary, thank you so much. we really appreciate following the story, one that john levin is following closely. you were one of those shareholders back in 200

i still know those boyce and they're functioning members of society. >> a hedge fund manager.dence that things are out of control in some public schools p sschools. a nebraska school has told teachers to avoid gender specific language of any kind including boys and girls. instead some made-up names like purple penguins. why would school encourage kid to deny the biological reality of sex? >> this is absurd. i'm actively involved in a lot of gender activities and gender gap research at harvard and there are biological differences, we are different, and the way to foster diversity and equal the playing field is not by making everyone live under the illusion of inclusion. diversity is exactly the opposite. celebrating the differences, whether it's purple and green or red or whatever it is. so this is going to have the opposite effect on what it means to be inclusive. >> doctor, is there any scientist in the world who believes there are no gender differences? >> no. basically we acknowledge gender differences. the idea is i actually like this topic because it alerts us to the fact