behind the actual bank stress tests we'll go in-depth with senior managing director of tangent capital partners christopher whalen and while we're on the greg smith fallout you chose to go on wall street there's no question about that. maybe but with wall street shedding jobs and squeezing out less in compensation is there less to lose could a whistleblowing actually become the next growth industry on wall street with the prospect of multimillion dollar payout from regulators that you never doubt will talk about it let's get to today's capital account. so a day later we are still seeing the fallout from the greg smith off that everyone is talking about goldman sachs of course was what that was about they saw more than two billion dollars in the market value wiped out yesterday goldman also j.p. morgan reportedly fired off internal memos to employees post new york times piece and according to bloomberg an employee of bank of america's merrill lynch division said his team was told not to send copies of the articles to clients i don't know why that would matter i mean anyone can google but funny i

scott gerber is the founder of the young entrepreneur council, co-founder of gen-y capital partners which invests in young entrepreneurs. great to see both of you guys. this story was funny. anna said, i knew, i've read a million books, seen a million stories, you should not open your second store so far away. her plan was to open in a different neighborhood because it's so neighborhood-based. then these investors came along and she just did it. and it seems to be working because of these investors. >> absolutely. i think she's got the luxury of investors. i think a lot of people who want to expand a business have to do it out of their right or left pocket. so i think that, you know, she's very fortunate. and the fact that her investors were willing to roll up their sleeves and actually work in the business to help her, they were that invested in making the business a success. i think that, you know, she's got a very rare opportunity and

things i was talking about with a guest earlier today a senior managing director at tangent capital partners was saying the first rule of financial analysis is you don't merge apples and oranges you don't do financial analysis in economic analysis and is it you know basic criticism is. economic analysis is just you know speculative mumbo jumbo when you you know you can't really account for what would really happen and also to it factors in all of these kind of subjective and bizarre offerings assumptions by the fed which we can get into exactly what those are but also to just to give you an example of things that the fed can factor in these kind of nightmare scenarios one that you've blogger and you could make a capitals and gave me yesterday is derivatives are something that are far beheads that's the big way to mitigate risk there but it's not something that just ok you had me walk away no moving parts you're constantly hedging all day long so when markets suddenly you can't head when you're losing money on that but then you're losing money on the initial investment so that's something tha

aaron is here, and porter is back with us, managing partner with media tech capital partners. porter, it helps they only sold 10% of yelp. that helped the shares today, didn't it? >> well, that's why there are no shorts out there. you can't short this stock, and give jerry stopleman a lot of credit. he turned down an offer a little over a year ago from google when they wanted to buy him. i think he's extremely vulnerable right now, and he's never going to be the amazon of local whatever. i couldn't understand what he was saying there either. neither could you. >> that's why we don't run companies like yelp at this point. aaron, would you buy yelp here? >> we don't cover it currently. they do have a lot of traffic on yelp, over 50 million users worldwide. >> 62 million actually. >> all right. >> over 50. so modernization remains fairly low, if you look at yelp compared to other sites like linkedin. it's a wait-and-see. they're in the early phases as jeremy said. >> you would rather buy, what, group groupon? >> groupon is an early model as well. but i think linkedin has shown th

highland capital partners bob davis is going all inall-in in what he calls disruptive commerce with investmentscue rated retail site as well as rent the runway. >> it's finding new ways to reach customers. finaling social tools so our customers can help us find customers. using social tools so our customers can tell us how much they like what we're doing. >> and vc tim draper from dfj is already invested in secondary market expert financial as well as pure-to-pure lending service prosper. he tells me that he's hunting for more start-ups in the financial space. coming up in "power lunch," i'll have a look at how new technologies are breathing new life into some very old media businesses. back over to you. >> all right. julia, thanks so much. julia boorstin in the mobile space biggest trend in the next five years. wow, what a shock. >> yeah. but she's in the middle of it and in the heart and able to see where the venture capital wants to put their money going forward. obviously that space is going to dominate. we know that. >> it plays very much into weiss, the kind of trades you are making as it

start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing business, we want to see the money that we give you goes to the growth of your business. the third c is capital itself. basically, how much of yourself had the-- how much capital haveu invested? if you are a startup, and generally, 30%. if you are an expansion, you are looking to expand your restaurant, th

let's bring in portfolio manager of git capital partners and we'll get onto your picks in the gold andtor in just a moment. you are portfolio manager of the git value advantage fund up 34% over the past three years. but you're out there trying to dig for value stocks. so what extent is it now rather difficult to find value stocks considering how many stocks have run up this year? >> well, mandy, you're exactly right. it's not as easy as in the past, but still able to find them. >> where? >> well, natural resources is one area and also in the technology area, there's still values there. >> let's go through them individually. for example, you've got a gold company which you say kind of lost its luster. i mean gold prices have also kind of lost their luster. my question to you is to what extent is this a company that can still make money if we have gold prices around $1600 an ounce or possibly low sner. >> they can make very good money at these levels. this is a company -- a very high-quality company and they've stumbled. that's the reason why the stock price is in the bargain basement, i

risk management practices, formal or informal enforcement actions, and orders to raise capital or seek merger partners that can bring in new capital and management expertise. under the current arrangement, should the condition of the institution deteriorate, the fdic begins its resolution planning process in conjunction with the ongoing supervisory process and in close coordination with the primary supervisor of the institution. this would include undertaking a deposit insurance download for deposit insurance purposes and developing a detailed resolution plan for the institution. the goal, as i indicated, is to have an integrated process of supervision and resolution that will hopefully avoid closure of the institution, but that will enable to fdic to prepare to carry out an olderly resolution, if necessary. in such a process, motivated by the credible threat of failure, the managers and investors of problem institutions have an incentive to work with regulators to address their problems sooner rather than later. two, to access new sources of capital, if available. or three, sell the institution in wh

in the summer of 2009 i joined a venture capital firm with two other partners. >> we are all excited about the americas cup here in district two but one thing if you think about it everyone knows what fleet week is like here in the marina. this is fleet week on steroids. think about fort mason, these will be the most brings taken places to watch the americas cup. what we're working on and working to continue to work on and want your input on, how do we make it a positive experience for the people that live here. >> i'm happily married and my life and -- wife and i live around laurel village. we have two children, five around they. we are proud parents and now just excited to be here on the board. i think i'm in the middle. i'm a moderate person. fiscal fiscally conservative and that is the way i intend to practice what i preach here. in terms of getting into politics, i think for me it was really that reasons. first being from here, i think that was part of my own motivation, feeling a sense of roots in san francisco. also raising our children here. i think we went through as a young

risk management product says formal or informal enforcement actions and orders to raise capital or seek merger partners that can bring in new capital and management expertise. under the current arrangement should the condition deteriorated, the fdic begins his resolution planning process in conjunction with jan going supervisory process and in close coronation with the primary supervisor of the institution. this would include undertaking could insurance download for the positive insurance purposes and developing a detailed resolution plan for the institution. the goal is to indicate it is to have an integrated process of supervision and resolution that will hopefully avoid closure at the institution, but that will enable the fdic to prepare to carry out an orderly resolution is necessary. in such a process, motivated by the credible threat of failure, the managers and investors the problem institutions have an incentive, went to work with regulators to address the problems sooner rather than later, she waxes new sources of capital available for to solve the institution with necessary to salvage value o

he's founding partner at again capital. hi, john. >> good evening, susie. >> susie: so despite all the denials from the white house, are we in an emergency situation when it comes to energy. and does it make economic sense to tap into those strategic reserves? >> well, i think it's certainly right and i'm heartened it say it is on the table, clarely it is being discussed. for starters, you don't want to snuff out this nash ent recovery that we're all enjoying right now because of 4, $5 a gallon gasoline. but secondly, this won't just be the u.s. and the u.k. this will be a coordinated global release of petroleum reserves like we saw last year during the libyan crisis that will put much needed oil on the market. it's needed. it's necessary and it will help. >> susie: and yes, talk a little bit about would it help. would those extra oil supplies really stabilize prices? >> they would. it will fill the gap. saudi arabia has stepped up and said they will make up any shortfall from iranian oil being embargoed, whether the your m

it is also the managing partner of excellent capital, a private equity firm investing in growth stage companies. previously, was the co-founder of centera, the leading provider of wireless base stations. prior to that, he worked at national semiconductor, where he led the development and commercialization of internet networking products. he has been -- he has a degree in management from stanford, an ms from the university of central florida, and a degree in electrical engineering from the indian institute technology, bombay. he has authored numerous publications and has over 50 u.s. patents. >> thank you for organizing this panel discussion, and thank you, everybody, for graciously being here today. it is my great honor to introduce an incredibly distinguished panel of industrial luminaries. let me start with timothy, simon, and jeanette. tim is a professor at the stanford business school where he teaches a very popular class on this service via in fact, i have taken your class, and you bring in some incredible speakers and make it very entertaining. jim also has a distinguished caree

of these comeback kids which include the fair holmes fund, king don capital, maverick capital and lansdown partners10% and 10%. what's perhaps more interesting than the ground they've gained this year however is that it follows double-digit percentage losses for all of them last year. as low as 32% in the flagship mutual fund. the ding is simply the s&p is up about 12% this year sochlt any decent stock-picker should be able to do at least that if not better. you could also argue that the funds blew it last year because the s&p ended 2011 essentially flat while all these funds were significantly down. down 32% in fairholmes case and 20% in lansdown. this sort of missed opportunity is what's turning some investors off of hedge funds these days. speaking of stock picking, there's a common thread, which is financials. you were mentioning that earlier, sue. all the money managers own jpmorgan and some also have shares of citi group, wells fargo and bank of america among their top holdings. the mutual fund manager who runs fair holmes shares trading double what they were about three months ago. >> kate,

the resulting election does not bode well for the coalition here in the capital berlin, especially for the junior partnershe free democrats. >> if germany were to vote today, it is unlikely that the current coalition would return to the cabinet table. recent opinion polls show that the three government parties with no longer have a majority. the fdp would not even reach the 5% of votes needed to enter parliament. polls show the cdu and csu at 37%. that puts them ahead of the opposition spd at 30%. the fdp are at 3%. the left party remains unchanged at 7%. the greens remain the third biggest party at 13%, but they are under pressure, especially from a wild card newcomers, the private party, polling six%. the partisan now focusing on snap regional elections in north rhine-westphalia, germany's most populous state. the current state premier has a good chance of turning her minority spd green coalition into a majority government. polls put the cd you at 34%. the spd are had a 38%, more than in nationwide polls. the greens are 40%. the fdp would also fall short of the minimum here, managing just 2%, followed b

kyle harrington founder and managing partner of harrington capital management. >> happy st.patrick's day. >> arthel: you have your green on. >> tell rick this is real green. >> arthel: apple stock hit $600 thursday in anticipation of the launch. would you say the so-called lackluster launch is going to affect stocks? >> let's do a little history since 2007 the stock has run up the first iphone until now the stock is up 350%. i love the company, i think it is exciting the products are inventive on the cutting-edge. however, when you look at your portfolio would i be entering into apple's stock now as a buy? i think not. the difference between ipad 2 and 3, there is a better resolution quality on the ipad 3. but you highlighted it before about rising gasoline prices. i think with the potential of gas being at $5 a gallon, there's going to be a little less money in people's pockets to be spending on ipad 3's. >> arthel: you feel that is why. you are saying if you thinking about buying the apple stock you might want to hold off. kyle, ubs raised their target price of apple up to

to talk about energy policy and the best way forward is former cia director and a venture partner at luck's capital is also a clean energy advocate, james woolsey. thank you so much for your time tonight, director woolsey. glad to have you inside the war room. >> good to be with you, governor. >> great. thegon g.o.p. candidates have been blaming the president for high gas prices. you served administrations of both parties. you are seen as an independent think thinker. is it fair to blame the president for high gas prices] partially but probably not right now. it's more what we haven't done for the last three years. and to be fair to the president, no one at a national level yet is add vovocating this, what i am going to suggest, although it is embodied in bills that have been introduced with bi-partisan support of both houses of congress congress. if we really want $2.50 gasoline, we have to be as smart as the brazilians. we have to let people have a choice at the pump between driving on patroletroleum-based gasoline and something else. they have a double growing season for sugar cainne and ideal c

exposure of massachusetts a new state party chairman who actually was a business partner of mitt romney's that bain capital for some reason chose to eliminate me from that contest got a surprise armley these states will will err on the side of caution if you're if you are interested if yeah you have had this significant media exposure like i have a point you know i'm going to tomorrow out i mean california i've been working on a california primary my own state which is june fifth that's great. libya's snow is just retired from the republican party it seems like moderate and it doesn't seem moderates have been primaried many of them with sixty seventy eighty or primaried out of the party and twenty one is the republican party a place for moderates like yourself anymore you describe yourself as sort of a more of an eisenhower type republican rather than a than a. i guess the you know the current crop of george w. bush republican or santorum republican. well i i'm fighting i was very distressed to see senator snowe pull out she said it was the partisanship and and how bad things were nothing was getting done

partner of the ncaa. battle speech right? may i? capital one is issuing a venture double miles challenge.last year and we'll give you 2 miles for every dollar spent on your travel reward card. up to 100,000 miles! hawaii, here we come. claim your miles at capitalone.com today! what's in your wallet? can you play games on that? not on the runway. no. greg g.: final score from atlanta south region, kentucky over the indiana hoosiers, they win it by 102-09 and moves on to sunday's regional to sunday's regional championship game. greg g.: welcome back to our new york studios. a reminder, tomorrow, get a head start on your tournament viewer with infiniti ncaa tipoff on tru tv, then here's your lineup, the men's division ii championship, on cbs, at 1:00 eastern time, at 3:00 p.m. eastern, the road to the final four is followed by the west regional final, number seven florida against number four louisville at 4:30 eastern. that is followed by the east regional champion, number two seed ohio state against the top seed in the east, the syracuse orange at 7:05 eastern time. meanwhile, action contin

partner of the ncaa. battle speech right? may i? capital one is issuing a venture double miles challenge.last year and we'll give you 2 miles for every dollar spent on your travel reward card. up to 100,000 miles! hawaii, here we come. claim your miles at capitalone.com today! what's in your wallet? can you play games on that? not on the runway. no. greg g.: final score from atlanta south region, kentucky over the indiana hoosiers, they win it by 102-09 and moves on to sunday's regional to sunday's regional championship game. greg g.: welcome back to our new york studios. a reminder, tomorrow, get a head start on your tournament viewer with infiniti ncaa tipoff on tru tv, then here's your lineup, the men's division ii championship, on cbs, at 1:00 eastern time, at 3:00 p.m. eastern, the road to the final four is followed by the west regional final, number seven florida against number four louisville at 4:30 eastern. that is followed by the east regional champion, number two seed ohio state against the top seed in the east, the syracuse orange at 7:05 eastern time. meanwhile, action contin

he's a founding partner of the venture capital firm kleiner perkins that has bankrolled aol, google, and amazon, among others. dunn says he's a guy who definitely knows how to get his way, but he couldn't get his way with pattie dunn. she refused to keep that keyworth was the leaker a secret. the board asked keyworth to resign, and in a peek behind the scenes at how things can explode on a board, dunn says perkins walked out in a huff. >> he turned to me, pointed at me, and said, "you betrayed me." he said that several times. "you betrayed me, pattie. you said that we would handle this offline, and a good man is being ruined as a result," and he snapped his briefcase shut and stormed out of the room and said, "i resign." and one of the other directors said, "can we accept his resignation?" the general counsel said, "yes." he put the motion on the table. it was seconded and passed within seconds. >> and that was that? >> that was that. so, he drove off and ended up going onto his mega-yacht in the mediterranean, and i suspect he thought over the ensuing days that it was just unaccepta

accel partners is one of the venture capital firms in silicon valley and in the country. from the common fund conference in orlando today, i'm here with accel partners joe shoendorf to tell us why they're booming these days. you on told me on the phone the other day you've done business in the valley for 46 years, and it's hotter than ever. this is one of the best years you can remember. >> i had a chance to get ready for what we did at common fund today to do the math. this is the end of the seventh recession. i started correlating what happens at the end of the previous six. whether it was the start of intel or start of apple or start of cisco or microsoft. none of which existed when i got there. i see more true innovation going on right now than at any point i've been there. >> why do you think that is, though? >> probably a lot of reasons. if you want a job today, probably the best way too get one is to start a company. think about it from a big point of view. when i got out of school 46 years ago just about in june, there were a lot of choices and big companies where

partners that affect us. let's move on. thank you. so the capitalare some of the highlights of what we have for the general fund program. this is slightly new. i should say that the shelling of percentages is slightly new. we are funding about $5 billion if you remember from the previous slide and it shows how has broken out. we are deferring about $1 billion, so that is one of our primary concerns at the capital planning committee. enhancement, it is primarily for earthquake safety. you can see the percentage, this is the new part. this is what is being covered by the cash program and other types of debt. there are federal and state dollars there as well for some of those projects . so the major capital projects that we wanted to remind folks when budgets, around shortly -- budgets come around shortly, it was part of

that's next partner andrews takes you on a more explorations around the russian capital moscow out coming up. allow our welcome to the show in this week's edition we take a look at the subject of drawings all along while this was a couple things and various schools galleries and shops the subject plays a large part in the cultural world of moscow as a wonderful form of expression whether amateur or professional in whatever guys is adored by millions here. located next to the central house of the us is opposite to the park the store is called. palace in english. the old shop has a wide range of high quality art supplies from painting materials to prints making equipment. for something as are experienced artists who can offer any custom is helpful advice. and it also is to not students visit our show as well a kid is next to a large exhibition hall many costumers after visiting his displays come here inspired by the paintings they've since they want to try to create a painting on their room and made buys them on board tools and materials to use. there's also a framing sensor we can give any

bain capital owns clear channel, which is the rush network. he is no longer an active partner of bain but t topics are not good. >> i amurit is t the leralss dream, but when the president apologizes for what bill maher says aboutut women, or even acknowledge his or talks about it, when obama speaks about mamaher's misogyny as he takes $1 million for the campaign, you can expect from me to danc -- romney to denounce somebody else. drc on the left is -- the hypocrisy on the left is -- >> about what? >> rush limbaugh as the spokesman of t republican pay and misogyny is clusively the problem of conservatives and republilicans. it happens all the time with maher chris matthews, and th y louis ck at the coressional correspondents' dinner. >> we can waste time on rush limbaugh -- >> i didn't bring itp. >> the pointnt that mark made about mitt romomney and why this is different from mitt romney -- made about 1960 d might is different from mitt romney. 196868 was different. the issues he thought he was going to have come to the economy -- he was going to have come at the economy, is no

capital type of things. can you talk about the ad where the gentleman, your business partner -- you flew to new york and rescued daughter. would you tell the story? >> yes. i have not thought about that for awhile. let me get the facts straight. i have not seen the ad in a number of years for those not familiar, i did what you would do. i was responsible for a business. the business i started, bain capital, invested in starting businesses and, in some cases, requiring existing businesses, usually those not doing very well. one of my partners came to the office on a tuesday if i recall correctly and he said my daughter without permission went into new york city, went to a party, -- that was on sunday and now it is tuesday -- she is not home. we do not know where she is. she is lost. i think she was 15 or so at the time that occurred. i said let's close the company. we were in boston. let all right down to new york and try to find her. we closed the business, went home and pack dark things, we got a hotel near the airport where we all went to. we set up a headquarters, met with the detectives in the new york city

growing a small supplier and partnering to a global one mandates they have to have the capital to grow. much as you would like did, big business, medium businesses can't be the sole banker. i will also tell you, that i think you have a role to play here. capital funding development, governments can help. you shouldn't be the sole banker. you do need to provide incent e incentives so that people can co invest with labs, universities, private seconder. you have to incentivize seed capital. when we did this survey in the greater cincinnati area, one of the surprises we had was our seed capital was overdeveloped relative to the rest of the u.s. there were lots of little seedlings being grown. if they have the yield rate of most start-ups, we don't have enough early stage capital. have you to find ways to incentivize early stage capital. remember this chart i showed you? this is the work that mackenzie did for us. in terms of the seed investment we concluded that there was not -- we didn't have to do anything to help the seed capital, the state of ohio had a program, i don't see the governo