. >> now, oral argument on cbs obverses the fcc -- on cbs versus the fcc, due to fines over the super bowl show involving janet jackson and justin timberlake. this is about an hour and 20 minutes. . . nothing in fcc versus the television stations alter's court findings that the fcc for 3 decades referred identically. victim does not affect the central issue in this case, whether the commission ever articulated or applied changed policy with respect to brief and unintended images followed to the super bowl broadcast. we abolished at the language in the decision requires -- acknowledged that it requires the circuit court, but they are made in a different context, as they were here. the rules were never articulated or applied, they were not mentioned under review in this case or any other fcc decision for the purposes cited here. the supreme court and fox simply had no occasion to apply the decency policy to visual material. second, even if the fcc policy change were to survive scrutiny under the act, nothing may be imposed where this statement are unclear where the agency itself struggl

fcc. basically making policy to mergers. that is something republicans complain about and they complain when kevin martin was the chairman of the fcc in charge because the fcc why is two basically. policy and merger conditions because they can do a lot with merger conditions. in get companies to create a lot and that's something that we're seeing with the neutrality which is something that comcast is needy been because they done a petty lawsuit against the agency about this and the democrats would like to see that neutrality conditions put on this merger. republicans still want to see that and comcast doesn't want to see that in comcast along with the republicans are arguing that it doesn't make sense to impose the condition only on comcast as part of the merger condition because it wouldn't apply to at&t, verizon or other comcast competitors. that's one of those things we are going to see as we go along what the justice and thus fcc does but there will be pressure on the hill of both sides to get some kind of mentality cond

but the fcc has a special burden. it must also ensure that this merger protects the public interest. the comcast/nbc universal merger is not just about the purchase and sale of private businesses. it is involves the transfer of public property. broadcast licenses to operate on america's spectrum. just as importantly if left unchecked, this merger has the potential to place a choke-hold on the transfer of information on the internet to consumers today and well into the future. if anything, this proposed merger, i think, demonstrates why we need net neutrality across-the-board. >> guest: yeah, both of those -- i can't remember -- representative shimkus was talking about net neutrality too when he was talking about the department of justice and the fcc. basically making policy through mergers. and that's something that republicans complain about a lot. and they actually complained when kevin martin was the chairman of the fcc and was still in charge because the fcc likes to basically create policy and merger conditions b

what, if anything, should the fcc do about it? >> host: this is c-span's communicators program. our guest this week is the fcc's first distinguished scholar in residence, stuart benjamin. professor of law at duke university, and lynn stanton is our guest reporter. but, mr. benjamin, you have written about media ownership. >> guest: right. >> host: what, if any, should be, in your view, should be thresholds on media ownership? >> guest: what do you mean by thresholds? >> host: should there be limits on media ownership? should there be cross-ownership when it comes to a television station owning a newspaper and vice versa? >> guest: you know, that's actually something i haven't written about with any specificity, and i'll tell you honestly why, and this really is the commission's approach, that is such a fact-driven answer, it's such a data-driven answer. let me just give one obvious point here. i think whatever your answer was as recently as two or three years ago, it could be different today because even two or three years ago i t

nothing in fcc versus the television stations alter's court findings that the fcc for 3 decades referredsue in this case, whether the commission ever articulated or applied changed policy with respect to brief and unintended images followed to the super bowl broadcast. we abolished at the language in the decision requires -- acknowledged that it requires the circuit court, but they are made in a different context, as they were here. the rules were never articulated or applied, they were not mentioned under review in this case or any other fcc decision for the purposes cited here. the supreme court and fox simply had no occasion to apply the decency policy to visual material. second, even if the fcc policy change were to survive scrutiny under the act, nothing may be imposed where this statement are unclear where the agency itself struggles to provide a reading of the rules. in cases such as trinity broadcasting versus the fcc, they have applied this basic principle of the process, as has the commission itself. here, but the fcc may not impose liability on cbs for a statement that went un

the fcc review will probably be broader. they will look at things like if it is still in the public interest. will it promote more local programming? what about duplicity of programming? it will be broader and also look at it promotes the public interest. >> one of the test of fires at the house was connie abdoulah. here is an exchange she had with shestearns and brian roberts. >> what advantage was this -- with this company gain from withholding content from you and your customers? why would they want to do it? >> i cannot offer the same content. where does my customer go? to my competitor, to comcast. >> mr. roberts, you might want to comment on her comment or dr. cooper's. >> first of all, the content will be made available to our competitors. in the last two years, comcast has lost about 1.5 million customers wellstone, satellite, and others have added over 7 million. the largest-two leaders are to satellite companies. there is a very competitive market. we see the value of the content growing. i agree that we will be we

but the fcc has a special burden.must also ensure that this merger protects the public interest. the comcast/nbc universal merger is not just about the purchase and sale of private businesses. it involves the transfer of public property, broadcast licenses to operate on america's spectrum. just as importantly, if left unchecked, this merger as the potential to place a choke hold on the transfer of information on the internet to consumers today and well into the future. if anything, this proposed merger, i think, demonstrates why we need net neutrality across the board. thank, mr. chairman, for holing this important hearing for us to weigh in before the other agencies do and i look forward to hearing the diverse viewpoints of the witnesses here today. i, especially, would like to welcome the representatives from comcast, whose father established the company some 47 years ago, i think it's 47 years ago. it's really an amazing american story, that in four plus decades that a company that was born with a great idea is wha

the last decade has proven that the fcc is incapable of enforcing the conditions.n this merger, the answer is, it should not go forward and congress needs to revisit all of these other problems as a general proposition. >> how about? >> if it's okay with you, so other members can ask one question? >> yes, yield back. >> from the virgin islands, miss christiansen. >> thank you. some of my questions have been partially addressed. the unions, especially the cwa has concerned based on what they say have been a difficult history. this is to mr. roberts particularly, but mr. zucker might answer as well. but on the possibility of what might happen to jobs at a time when this country is focused on explanneding job. what do you plan or foresee the impact of this merger being on jobs? >> thank you for that question, because it's something i'm very proud of. comcast today has over 100,000 employees. when we started the company, it was 12 in tupelo in 1963. we have a one-way track record of creating jobs in this country. now, with nbc universal having another 33,000 employees,

the last decade has proven that the fcc is incapable of enforcing the conditions.his merger, the answer is, it should not go forward and congress needs to revisit all of these other problems as a general proposition. >> how about? >> if it's okay with you, so other members can ask one question? >> yes, yield back. >> from the virgin islands, miss christiansen. >> thank you. some of my questions have been partially addressed. the unions, especially the cwa has concerned based on what they say have been a difficult history. this is to mr. roberts particularly, but mr. zucker might answer as well. but on the possibility of what might happen to jobs at a time when this country is focused on explanneding job. what do you plan or foresee the impact of this merger being on jobs? >> thank you for that question, because it's something i'm very proud of. comcast today has over 100,000 employees. when we started the company, it was 12 in tupelo in 1963. we have a one-way track record of creating jobs in this country. now, with nbc universal having another 33,000 employees, i'

it is my hope that these types of regulatory shenanigans have no place at the new fcc.at the moment, i have no reason to associate that type of behavior with this chairman or commission. with that, i yield back my time and i thank you again mr. chairman. >> thank you, ms. bono mack. the gentle lady from california, ms. matsui is recognized for two minutes. >> thank you very much, mr. chairman, and thank you, witnesses, were being here today. like other mergers or joint ventures, there will be a real impact on consumers and the marketplace. and this one is no different. comcast is a dominant cable provider in my hometown of sacramento, providing service to over 200,000 households. this joint venture will only enlarge the footprint in sacramento. over the last few days, i've received numerous e-mails from my constituents wanting to know what this deal would mean for them. they want to know if it means higher cable rates, they want to know if they'll be able to continue to receive independent programming they are used to, without any unwarranted interference or preference.

chairman, i would also urge that the committee call the fcc and the department of justice before us. there's a number of questions that appear to be in feed of answer. there are matters before those agencies. >> today on "america and the courts," and look at women lawyers and the supreme court with sandra day o'connor talking about challenges they face in the legal profession and arguments before the supreme court. that is today at 7 eastern. tonight, coverage of the national team party convention continues with remarks from former vice presidential candidate sarah palin. see her address live at 9 eastern, and afterwards, we will open up our phone lines for your comments. in his weekly online address, obama urges congress to pass his initiatives aimed at small business owners, including a proposal to use money from the tar program for small business loans. he is followed by house republican jeb penciling with his -- jeb hensarling. >> even though our economy is growing, too many businesses are still shutting. to many families cannot make ends meet. while yesterday we learned that the

fcc stop calling us. it's another edition of behind the wheel. >>> baseball move.ationals have agreed to out fielder dukes. duke eligible for arbitration after this season. hit 250 in home runs. as the olympic torch arrives there are plenty of story lines that await. latest with lindsey. >>> and enough caps but with the washington pride are lighting the lamp. a closer look at the women's hockey team here. my turn what? wanpay haney h on taxe g yondleuld th hck, getr us rs ortis lar al it right. . 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. >>> they seem like a team in disarray. if we lose i'm going skating in central park. that's all i know. as soon as they did that they won 11 in a grow. >> here's a look at tonight's

it would instead look at the rationale that the fcc gave in its 2006 omnibus remand order. they tried to argue that the fox broadcast would have been in decent even under its prior policy. it cited the 1987 order and try to argue that it never had a fleeting expletive policy at all. the supreme court reached the decision that it did because it found that there ultimate explanation, where it actually acknowledged the policy, was the vision to survive under analysis. >> mr. lew was pointed out that the language on -- mr. lewis pointed out that the language on the oxygen or the court said, in finding the agencies -- on the fox decision where the court said, in finding the agency's decisions were entirely rational -- the court masaid it made no sense to distinguish between liberal and nonliteral uses of the words. does that not support mr. lewis's argument? >> it supports the decision in a box, where it was distinguishing between liberal and nonliteral -- it supports the decision in that box, where it was easing was in between -- it supports the decision in fox, where it was di

going to speed up one and fcc in looking at an issue laura another. but i think that this is going to be a long process and probably be up to a year before this is over. >> guest: on the doj sign they won't buy that much of anything because they keep these things really tight across but from the fcc signed in the next big thing as she said will be months away, when the the fcc chairman/staff decide to put forth items to the rest of the commissioners are they say whether they think this should be approved or not a prude and that's probably going to be months away. that starts the final round of debates on what the conditions are going to look like on testing. >> host: amy schatz on wall street journal and joelle tessler of associated press, thank you for being on "the communicators". i would simply mentioned both the house hearing and the senate hearing are available to watch in their entirety at c-span did work. >> guest: thank you. .. >> this is mission control houston. it is no and the heads down position on track to its flight to the international

[captions copyright national cable satellite corp. 2010] >> for the first time in its history, the fcc, sunday at noon eastern on " tv's in-depth on c-span2. >> wash -- watched "washington journal" live daily from 7:00 a.m. to 10:00 a.m. eastern. the c-span, covering washington like the water. >> the white house believes is its budget proposal for fiscal year 2011 today. here's a look at some of the live program and giving up on the c-span that works. this morning, president obama will talk about the $3.9 trillion budget for next year starting at 1045 eastern -- 20 -- 10:45 a.m. eastern. this afternoon, defense secretary robert gates joints chief jaret cowger mike moylan and other events occurred -- other defense officials by from the pentagon at 1:00 p.m. eastern here on c-span. and the state permit will offer their numbers for next year. becher -- secretary -- deputy secretary of state jigaboo and that is underway -- jacob bluhl. host: dr. jo thompson is the head of the center for drove of obesity in the night -- in the united states. will be taking your calls particularly about chil

time for our weekly tribute to the fcc where we bleep and blur things whether they need it or not.t's "this week in unnecessary censorship." >> coming up next, time to [ bleep ] the cast of jersey shore, live in our studio. >> i have [ bleep ] with homosex yums since 1968. >> proud to say he's a friend of mine, too, and he is most certainly earned the trustees award. >> i trust your judgment, i do, when it comes to movies. >> and you're a [ bleep ] lover. >> i am a [ bleep ] lover. >> i'm hoping lady luck [ bleep ] on me. i'm miss delaware. >> sometimes you might say, wow, i might not have [ bleep ] that, but it was tight, and he sticks it in the only place you could put it. i like that. >> the jets hope they've closed the book on rex ryan's bird [ bleep ] episode. >> hem's got a big [ bleep ]. >> how are you? >> [ bleep ] up! >> [ bleep ] up? >> i like to hear it. >> thanks, miss king. i'll take real good care of twiggy. >> jimmy: we have a good show tonight. barry manilow is here. and we'll be right back with ozzy osbourne, so stick around. we're being completely honest here. i h

instead, they said the fed and the fcc-- ftc could only buy half of price but when you were wrong you will lose the economy should not be bankrupt then they said market activities see you have a fighting chance of understanding what risk is out there if they choose to do so. the system worked well through the 1980's and the financial system started to escape prudent regulation and market discipline and we go through the results of that right now. how did this happen? going back to 1984, at bank called continental illinois it was the largest bank at the time it was a pioneer of sorts in the banking industry. continental was a pioneer in fact, -- and that it did not follow a business model as low they keep being a long-term loans on the books the company's repaid the loans and having a slow business model insulated for the most part from acute panic but instead continental purchases that were securitized that meant they were vulnerable to fluctuations day to day with a fluctuation in prices. that is how they made them sells them multiplied over many financial institutions in the future

i mean, they just filed their paperwork with the doj and the public interest statement with the fcc last week. i think what was going on here this week on capitol hill is lawmakers wanted to kind of get ahead of this and really try to influence, you know, what issues the regulators take a look at as they look -- as they examine the deal. they want to shape the debate. i mean, that's the influence that congress has here. they're not going to be the ones making the decision but they can influence the discussion. so those -- the hearings are going to be critical. you'll probably see some letters coming out of these committees going to doj and fcc urging them to look at, you know, one issue or another. but, yeah -- i mean, i think this is going to be a long process. it will be probably up to a year. >> guest: on the doj they keep these things really tight to the vest but from the fcc side really the next big thing and as joelle said it will be months away is when the fcc chairman/staff decide, you know, to put forth an item to the rest of the commissioners where they say whether they think t

the defense portions of the fiscal 2011 budget proposal. ñr>> for the first time in its history, the fcclosophical perspective to policy issues. tonight, stuart benjamin on first amendment issues and the use of the digital spectrum. that is on c-span 2. ñr>> this morning we will talk about u.s. independent voters and how they may impact the upcoming election. after that, the financial reporter from "the washington post."

>> no, it was against the fcc rules. i wanted it to be seen. i wanted to be seen far and wide.as told by my lawyers -- mccain-feingold people do not understand. it criminalize political speech. when i sayÑi that, i mean it. my lawyers told me that it is not a civil penalty any longer. Ñiit is not that the fsecÑi comn and finds you. it is criminal. i could be indicted and imprisoned for five years per count. every time they found a violation, i could be put in prison. to be candid, i am a political guy. i have been around for a long time. i am not a pushover. but i was kind of surprised by my lawyers admonition that you do not really want to do that. we are in non unconcerned when we make their films. is enough? we said, let's do it on film. with the success of making these films and being able to make them and distribute them widely, we want to not have our hands tied. we decided to not let the fec come after us. we actually see them. >> when was the film conceived? >> a film was conceived in 2004. that is when i decided to make our first film. >> your first film about hillary

more wifi is being used for smart grid applications, the canadian government, their equivalent of our fcc, federal communication commission, gave 1.8 gigahertz spectrum space for utilities only and wifi because as ben said while you could get nervous when you have an rf you will never wire everything in the electric grid it is way too geographically disbursed but by giving a separate frequency to the utilities it keeps off of public infrastructure, and of course i don't know that anybody actually said it but smart grid is not, i repeat synonymous with putting it on the electric internet and you may use some of the same protocols, tcip and so forth but does not mean you are using the internet with a capital "i" meaning anybody anywhere in the world can connect to it. all right? so let me go on with some comments about future trends. one of the trends about security is to make each individual device more self-defensive. and irfan indicated having one firewall is not the answer and the alternative then is individual devices, hiding behind a firewall, can't give up and say, someone got behind

no matter how good a job of the fed can and will do, or how good a job of market regulation the fcc canthin the government and outside the government the ability of multiple agents to make a judgment on this. i guess i think that this is something within the government that would be best pursued in a collegial fashion. if we are doing our analyses and the fcc is doing it and the treasury is doing it, bringing those together in discussion and determining whether there needs to be another analysis or initiative, seems to make sense. what also makes sense is having a council have at least a small staff of people who are dedicated to looking at all of this and doing some analysis. i am all in favor of that. i am not all in favor of it in a sense that we would not oppose it. i think it is an affirmative good. >> thank you very much. w3we need to move on with the subject at hand. çi would like you to respond in writing regarding how, going back to the capital we're talkingç about, using a quartey stress test. i know we do not have time for that today. we thank you so much. ifbçbçbçbçbçbçbçb

the court will decide whether the fcc policy on the broadcast of fleetingñrñr nudity violatese firstdeo libray is a digitalÑi archive of c-span iprogramming from barack obama o ronaldçóñr reagan, and everyonen between, over 750,000 hours of video. it is fast and free. try it out at csñr Ñ panvideo.org. >> go berserk -- governor paterson took office following the resignation of eliot spitzer, and was be -- and was this is 10 minutes. >> thank you. for the past 25 years, it has serve the people of new york.2j all the while, i have tried to improve the quality of life for families and for special interests who would maintain the status qu[n have made, as i said in my state of the state address, focuses çóaround this question. çóare we doing what is right for the people of new york? Ñiat times, it has not been eas, but no matter how difficult the circumstances were, i have never forgotten my oath, nor my responsibility to serve the people of new york with faith and with integrity. over the past couple of years, working with the legislature, we have reduced $33 billion of deficit. by this

does an election -- an investigation. -- after the fcc does anan investigation.hington post ran an article 10 days before the election in the virginia governor's race -- remember, no amount, any source contributions. the of a washington post" ran an article saying you're the donors for both parties. sheila johnson gave bob macdonald $100,000. if you do not like that, do not vote for him. but you know before the election. and i will say this in defense of fundraising. i have been a candidate and i have helped people run for office. i once knew a guy who was in the legislature and he wanted to run against an incumbent. he needed to be defeated, i might add. i was going to help him. i said, how are you going to raise money? he said, oh, i cannot raise any money. i said, what do you mean? he said, there is no one in my district who is going to give me money. i said, how are you going to run this? he said, i thought you would help me. i said, go back to your district and if there is not one person in your district who will write you a check, that means there is no one

only the fcc narrowly ahead of the acc. >> robyn: as you mentioned, it is the parity, the depth of thedings. you could arguably go down 8, 9, or 10 and make a case for themselves to get into the acc tournament. not sure that is going to happen, maybe 7 from the acc, but there could be arguments made in terms of quality wins and playing each other and the battle within the conference. hostd swg to allyyou mor insu the n inire? ♪weet knoat m fron, whe co r, t. ♪ ♪r tiocki st: switto g 15% e onnsur st: "too jon ll? is ioing ny fson. d ent m, dre youults are ally at ri for 1n1 rus et's togethe and the getour ccin you'tectelf lp p e spf th flu vs ar e tst tiv evenflu. getactsu.go >> rich: on a chilly night in durham, duke, 20 minutes away from a acc regular season title. first, they have to take care of a ♪ ♪ ♪ ♪ >> rich: the acc two premier players. monica wright, monica wright has defensively had jasmine thomas tonight and held her 2- 10 from the field and only 5 minutes. leading scorers in this one, monica wright leads the way for virginia and chelsea shine had 8 points, that was good an

not just with the fcc, there's all sorts of agencies where you say, gee, now that i understand you're considering licensing this nuclear plant facility for nrc, whatever, i really want to be able to comment on that. and my thought is more power to you. that's, you know, it's wonderful to have that available to people. >> host: and finally, stuart benjamin, give us your impressions now that you've had a few months on the job. what do you think? are you having fun? >> guest: i am having fun, and i have to say it's really easy to take pot shots from the outside, and i will admit i did that as much as others have done. and when you get the on the inside, you realize there's an enormous number of really dedicated people who are really trying hard at thinking about the issues, and it's actually quite inspiring. i mean, i can say i've never once heard anybody say, well, let's do this because it's the politically expedient thing to do. let's do this because, you know, this is what some powerful interest group wants. the arguments have all been on the merits. does this actually make sense in t

if we are doing our analyses and the fcc is doing it and the treasury is doing it, bringing those together or initiative, seems to make sense. what also makes sense is having a council have at least a small staff of people who are dedicated to looking at all of this and doing some analysis. i am all in favor of that. i am not all in favor of it in a sense that we would not oppose it. i think it is an affirmative good. >> thank you very much. w3we need to move on with the subject at hand. çi would like you to respond in writing regarding how, going back to the capital we're talkingç about, using a quartey stress test. i know we do not have time for that today. we thank you so much. ifbçbçbçbçbçbçbçbçbçbçbçbÑbÑww >> thank you, a gentleman. let me introduce a first, dr. mendelowitz. he is the co-founder of the committee to establish an institute of finance and a former chairman of federal housing. thank you for your assistance. çour next witness is professor john liechty. çhe is the associate professor at the smeal college of business. çthank you very much, professo. we are also joined

. >> host: earlier this day the head of the ftc sent a letter to the fcc about cloude said about it.said, the ability of cloud computing services to collect and centrally store increasing amounts of consumer data combine with the the ease with which such centrally stored data may be shares with others, create a risk. what does that say to you as someone who is in the cloud computing business? >> guest: i think it says we need clarity and complicity so that consumers and businesses know what's going on. one of the things we've been talking about is the analogy to the truth in lending act, something that congress passed in 1968 so that when we go to banks and we engage in a credit transaction, there are some standards that apply, and the banks have to tell us what the terms of the deal really are. in the same way, i do think we need to get to the point where it's clear for consumers if that they're putting their information online. i think people are entitled, we're all entitled to though, what's the service provider going to do with this information? how are they going to use my docum

. >> host: earlier this year, david vladeck, the head of the ftc said a letter to the fcc about cloud computing as part of the plan at this is part of what he said. the ability of cloud computing services to collect and central store increasing amounts of consumer data combined with these which centrally sort data may be shared with others create a risk that large amounts of data may be used by entities and ways of originally intended were understood by consumers. the head of the ftc is saying that about the cloud computing. what does that say to you as someone in the cloud computing business? >> guest: i think it says we need clarity and simplicity so consumers and businesses know what is going on. one of the things we've been talking about is the analogy to the truth in lending act. this is something congress passed in 1968 so that when we go to the banks and engage in a credit transaction there are standards that apply in the banks have to tell the terms of the deal are. in the same way i feel that we need to get to the point where it is clear for consumers if they are putting thei

processçsi of recognizing the value of consultation with tribes and the tribes working with -- through the fcce were able to come up with a process that made sense. it was a process that recognized the expeditious manner that the corporations needed to have some solution. but that still respected the tribes had, you know, significant concerns in certain places. and also that there could be a whole swarm of applications that could come through and tribes didn't have the capacity or the staffing at home to look through those -- you know, all of the reviews that were necessary. so we were able to come up with a process that allowed tribes to determine what places that they were concerned about up front. the corporations could then look at this inventory and say no this is not inappropriate and there are time restraints. and it's something that helps us protect our sacred sites but allows for economic development to still flourish. other questions? any questions? yes. >> first of all, ron allen from washington state. i neglected to compliment you, mr. president, that was an outstanding summary of

conversations] [inaudible conversations] [inaudible conversations] >> for the first time in its history, the fccs and in hopn in-house scholar in residence. on "the communicators." >> "in depth" welcomes paul johnson. his latest on winston churchill. join our 3 our conversation live from london sunday, noon eastern on c-span2. watch "washington journal" live daily from 7:00 a.m. to 10:00 a.m. eastern. covering washington like no other. >> more about the president's budget proposal and in 45 minutes, a look at the history of -- and now a look at the history of independent voters. alex isenstadt is congressional reporter for politico and john kornacki is professor of political management and george washington university, joining us this segment to talk about the role of independent voters. i wanted to start the conversation showing some of the swing in independent voters and where they are. here are the numbers -- gallup numbers, latest gallup numbers on the percentage of independence. republicans, independents, democrats appeared 36% independence. in particular, which way they are leaning. 2010,

fcc stop calling us. and chris miller that's another edition of behind the wheel. >>> controlling up on geico sportsnite. its been a rebuilding season for jeff jones. they can get a big win tonight. will they get it done? we'll tell you. you can't turn on the television without seeing them whether on the bench or commercial. we'll go behind the scenes with u have heelsure huh. u hahighs. f ally nnoupeoprywhe overat'sy goiniththeir feet. you have flat feet. nnou foo scis e behind dr. 's c orthente flakasir. f's f ) at's your for ons, see drsccom ♪(whi tun n't be h♪ >>> the caps have dropped two and a row. defense gives up six goals for the second straight night. 6-5 your final. one game left before the olympic break. can't come soon enough for bruce. >> the break can't come soon enough for me. we can get five or six good games of practice. it's tough to practice when you -- i mean three games and four nights at the end of this stretch here but i mean we'll get back to normal. >>> you know the caps can ligh

fcc indecency case.d circuit court of appeals is deciding if the fcc's policy on nudity and it's the first amendment. that airs saturday at 7:00 p.m. eastern here on c-span. >> he is best known for his novels "animal farm" and "1984." this is part of c-span2 booktv weekend. >> president obama call for more funds for historical black colleges. african-american leaders and students joined the president at the white house for a 15 minute signing ceremony. >> ladies and gentlemen, to introduce the president please welcome mr. bryan's smart. -- bryan smart. [applause] >> historical black colleges and universities provide the nation with an irreplaceable and unique source of compassionate and change oriented scholars prepared to meet the country's and the world's most urgent challenges. my school, howard university, a premier national institution educating a predominantly black student body represents a new and wider field of human resources with renewed commitment and increased support. is this support -- it

disclosure requirements, duties require of the disclose expenditures at the same time, or will the fcc the sec be posting this stuff? >> whether it is a separate group or for the ad itself, it has to be posted within 24 hours. >> [inaudible] can you give any more detail about the white house level of involvement? [inaudible] >> the white house has been very much involved. they have been generally supportive, and when we actually introduce legislative language, we are letting the state have suggestions. soon, hopefully by the time we're ready to come back here, i expect we would get white house support for it. that is what would have to be decided. we want to move quickly. speaker pelosi did that as well, to put in a proposal quickly. thank you, everybody. >> the schumer jobs proposal -- çó>> we have to go. >> do know any way that it might beçó crated -- >> it is not supposed to be a panacea. it is supposed to be quick and immediate to affect corporations that has seen -- if companies are about to say they are going to hire someone, this will push them over the edge. we expect it will b

no matter how good a job of the fed can and will do, or how good a job of market regulation the fcc cant and outside the government the ability of multiple agents to make a judgment on this. i guess i think that this is something within the government that would be best pursued in a collegial fashion. if we are doing our analyses and the fcc is doing it and the treasury is doing it, bringing those together in discussion and determining whether there needs to be another analysis or initiative, seems to make sense. what also makes sense is having a council have at least a small staff of people who are dedicated to looking at all of this and doing some analysis. i am all in favor of that. i am not all in favor of it in a sense that we would not oppose it. i think it is an affirmative good. >> thank you very much. w3we need to move on with the subject at hand. çi would like you to respond in writing regarding how, going back to the capital we're talkingç about, using a quartey stress test. i know we do not have time for that today. we thank you so much. if you could do that in next few da

the court reversed its decision in the mcconnell versus fcc to the communications. there wasn't much to reverse however because after the mcconnell decision, the supreme court wisconsin right to life concluded the selection airing them couldn't be applied to issue advertising and as a result after that ruling and before mcain-feingold, you may have seen on your television lots of ads financed by corporations and unions that and with this charming phrase you know, call candidate jones and tell them that to stop raising taxes or to support health care reform and things of that sort. issue advertising. no magic words. then with the court's decision of citizens united did was declared corporations and unions may use the magic words and their independent communications. they can say vote for or defeat the candidate. that required reversing the 1998 opinion michigan versus chamber of commerce which held that a michigan statute that did that was constitutional under the first amendment. but as i have said, they're has been a lot of advertising up to the risque already fina

instead, they said that the fed and the fcc would say you can only borrow half the price of a stock. you can speculate all you want, pick your own risk but when you are wrong you will lose but the economy will not the bankrupt. then they also said you have got to consistently report market activities, corporate activities of people have a level fighting chance of understanding what risk is out there if they choose to do so. now the system worked well again, until the 1980's and then the financial system started to escape prison regulations and escape market discipline. we are going to the results of that right now. so, how did this happen? we go back to 1984, may of 1984. bang called continental illinois. this was the eighth largest bank in the country at the time and continental illinois was the pioneer of the banking industry. continental was a pioneer in that it did not follow a business model of solely keeping long-term loans on its books, but in the profits as people and companies repaid the loans and having a very slow business model insulated for the most part from acute panic

the court reversed its decision in the mcconnell versus fcc to the communications.uch to reverse however because after the mcconnell decision, the supreme court wisconsin right to life concluded the selection airing them couldn't be applied to issue advertising and as a result after that ruling and before mcain-feingold, you may have seen on your television lots of ads financed by corporations and unions that and with this charming phrase you know, call candidate jones and tell them that to stop raising taxes or to support health care reform and things of that sort. issue advertising. no magic words. then with the court's decision of citizens united did was declared corporations and unions may use the magic words and their independent communications. they can say vote for or defeat the candidate. that required reversing the 1998 opinion michigan versus chamber of commerce which held that a michigan statute that did that was constitutional under the first amendment. but as i have said, they're has been a lot of advertising up to the risque already financed by corpora

actually what happened in that case but that is something that you better address to the fed and the fccs kennedy think firms that received government assistance should be less transparent than public firms that do not receive it? >> absolutely not, and senator, one of the most important reasons why our system is more stable today is because we forced and compelled a level of disclosure and transparency on our largest institutions about their risk of loss and recession than they or any foreign competitor -- >> mr. secretary, your inspector general on t.a.r.p. would disagree with you 100%. i read his report. >> on this question i don't think he would. what made it possible to put up the financial fire with very little cost to the taxpayer is we made it possible for private capital to come in and pay us back and the was only possible because we force a level of disclosure in a transparency of these institutions that went dramatically beyond what existing regulation required and the was a sensible thing to do. >> you have red the aig inspector general's report on t.a.r.p.? >> of course and