insurance until a few decades ago is that it should be limited as recently as 1989, the head of citicorp was warning we had to cut back deposit insurance and have less to have a financial crisis. if you cut back deposit insurance people would know what they were risking when they put the money into the institution and evaluate it. there was the time we did not believe been too big to fail but letting the import and bank failed just like penn square from oklahoma. the second solution and "after the fall" is answer's not calling for more bailouts, ishiguro's for the logical middle ground, the classical solution that suits many like making the rules of the market clear. apply the same rules to everyone, no special friends. no more too big to fail to special new york category. is it is wrong to have czars sitting in throws making making them more nervous. we'll go maestro. [applause] >> thank you for that generous introduction and limiting deposit insurance too actually ensured deposits is a radical concept. bit going with the channell metaphor coco chanel said in the 1920's that simplicity

insurance until just a few decades ago was that it should be limited as recently as 1989 the head of citicorp's john reed was born and we had to cut back deposit insurance. have less or we would have financial crises including for his bank leader. people would if you cut back deposit insurance people would know what they were risking when they put their money in institutions. they would have to evaluate the institution and the risk. there was a time we didn't believe it too big to fail. the united states as nicole talked about what an important bank failed in the 1980's, penn square of oklahoma to read this a good achievement of after the fall is its solutions. mccaul the sidley of absolute answers. she doesn't call for more bailouts either. she goes for the logical middle ground, the classical solution that suits many like making the rules of the market will year. apply the same rules to everyone, no special friends. no more today to feel special york category. no. it's wrong to have tsar's sitting in thrones to make the kingdom nervous. we will ladies out for you, dan howard of the manhattan

they will be induced into continued forbearance, much like we saw with bank of america and citicorp in the spring of 2009. rather than to take forced restructuring. we won't be able to detect the time in which we would want to do this, and we won't be able to handle things internationally. i think a portion of what must be mandated by wregget toward authority is the international agreements i can to the kind of agreements that you have from the world trade organization for free trade. there's an old saying, if there is a will, there's a way. big multinational corporations want free trade, we can encroach upon the sovereignty of many nations to create a harmonized bankruptcy regime so that no country has to endure induced forbearance and too big to fail firms being bailed out over and over again. >> do want to start maybe the international and that we can go to discretion that there's so many topics there. >> robbery so many points. let me talk a little about his three deterrents of resolution, and then about the bureaucracy issue versus functional issue. so i agree that one of the keys

>> reporter: companies like at&t, ibm and citicorp to name a few.nd other members of congress who attended did not know there was corporate sponsorship, that's how to understand how they didn't because we have some pictures of the event supplied to us by a group called the national legal and policy center, and they show banners with the company logos in plain view. it also reported, it's also reported that corporation executives from these companies spoke during the meetings, yet the ethics committee did approve the trips beforehand. they claim they got false information. jon: steve seven centanni in washington, thank you. gibe jane wide spread power problems in the northeast as the system is slammed with snow, heavy rains, winds. jon: i can see the snow coming down right now. jane: enormous flakes. i guess you can see some of them coming towards our camera. these are about as big as it's been. it's been going on for more than -- about 24 hours. jon: i was thinking about staying home, taking my four-wheel drive pickup and chain saw out, and i could

as recently as 1989 the head of citicorp, john reed was warning we have to cut back deposit insurance, have lessor we would have financial crises including for his bank, later. people, the cut back deposit insurance people would know what they were risking when they put their money in an institution. they would have to evaluate the institution. there was a time too munley didn't believe in too big to fail. the united states as nicole talks about but an important bank failed in the 1980's, pence wirer of oklahoma. the second achievement of "after the fall" is it solutions. nicole does not lay out absolute answers. she doesn't call for more bailouts either. she goes for the logical middle ground, the classical solution that sits many. like, making the rules of market clear, applying the same rules to everyone, no special friends, no more too big to fail special new york category. it is wrong to have sars sitting on thrones to make the king the more nervous. we will later lady's out for you and then howard from the manhattan institute will help nicole take questions. welcome, maestro. [a

insurance until just a few decades ago was that it should be limited as recently as 1989 the head of citicorp'sjohn reed was born and we had to cut back deposit insurance. have less or we would have financial crises including for his bank leader. people would if you cut back deposit insurance people would know what they were risking when they put their money in institutions. they would have to evaluate the institution and the risk. there was a time we didn't believe it too big to fail. the united states as nicole talked about what an important bank failed in the 1980's, penn square of oklahoma to read this a good achievement of after the fall is its solutions. mccaul the sidley of absolute answers. she doesn't call for more bailouts either. she goes for the logical middle ground, the classical solution that suits many like making the rules of the market will year. apply the same rules to everyone, no special friends. no more today to feel special york category. no. it's wrong to have tsar's sitting in thrones to make the kingdom nervous. we will ladies out for you, dan howard of the manhattan i