feinberg caller: yes, what is though czar being paid? guest: he has not even been officially announced as such. we will see that in a few weeks. once they do that we will see his financial disclosures. host: his official term is special master for pay? guest: that is what we have been told. host: are you still there on the line with us? let's go to north carolina on our independent mind. caller: i was just curious with the bonuses paid out, it just seems if they are paying those it says there were doing what they're supposed to do. why would they be paid bonuses if they messed things up? it seems like they did their job. and they got their bonuses and a bailout they needed. it seems like everyone is being rewarded. for crashing the system and taking the bailout. guest: that is the concern of lawmakers and why they reacted with legislation a few months ago that went further than perhaps the administration wanted them to. that is apparent and the public mind. it is what they want to push the principles where firms are not encouraged to giv

feinberg, before we review the hearing itself, give us a little background on julius genachowski. >> guest: well, the guy's been everywhere. he's been at the fcc, he's been in the private sector on both the entertainment side, he's been with venture capitalists actually right here in washington with launch box digital which is a d.c.-based start-up incubator, and he's sort of been a tech con cigly yea to the obama campaign all the way through, and now he's probably going to be our next fcc chairman barring anything horrible or strange. >> host: fawn johnson, given his background what do we know about him now, and where do you think he'll take the fcc? >> guest: well, we know he's passionate about the internet, and this comes from the obama presidential campaign. he was one of the early supporters of obama. he was actually one of the first to bring the telecom community around him in supporting him. he brought people in who have never given money to a presidential candidate before, so we know that just from his experience on the obama campaign that he is going to be very, very clearly

feinberg --it will come from the administration's compensation czar.he will actively that all executive compensation changes at the companies that have received more than one taxpayer lifeline. he will also have the power to veto compensation without bailout money. on thursday the house financial- services committee will hold a hearing to examine how compensation practices contributed to financial collapse. this is broadening the scope to companies outside of the ones having received financial rescue money. guest: yes, and from chairman frank, you will seek giving shareholders more rights. something for the past 25 years we have moved away from. shareholders have not really been the owners for the past 25 years. you will see more shareholder rights and shareholder flexing their muscles. host: next on our independent line. caller: good morning, i would like to ask the reporter with his general political philosophy is. today we cannot count on a lot of our main press to tell us just that -- they generally just have an agenda. number two, what i believe i

feinberg? some people have said if there was 40% ownership by the taxpayer, was that the standard?what was the standard that determined who the seven companies were? >> in the regulation itself, actually mentions the specific names of the programs that they are under but i think your question more goes to what is the logic and rational. i think our feeling is that some of the things we have done, some of the facilities that were set up or set up to be generally accessible to companies, financial institutions at large and they are often set up because we think that there is a positive public purpose in them participating. we think, whether a community bank, if community banks wanted to not have more capital, if they wanted to do less loans we believe it is in the interest of recovery to have stronger capitalization of banks and the stronger lending profile, so those are generally excessive programs. where a company comes to the u.s. government and the u.s. taxpayer and requires exceptional assistance that is not being offered to their peers because they face an enormous threat to th

feinberg, before we had reviewed the hearing itself, give us a little background on julius genachowski. >> guest: the guy has been everywhere. he is than that the fcc. he has been in the private sector on both the entertainment side. he has been a venture capitalist, actually weisser in washington with a d.c.-based start of incubator and he served-- sort have been a tech and city terry to the obama campaign all the way through. he is on the advisory committee, and now he is probably going to be our next sec chairman, barring anything horrible or strange. >> host: phone johnson, given his background what we know about him now and where do you think he will take the fcc? >> guest: we know he is passionate about the internet and this comes from the obama presidential campaign. he was one of the early supporters of obama. he was actually when the first to bring the telecom community around him in supporting him. he brought people in who have never given money to a presidential candidate before so we know that just from his experience on the obama campaign that he is going to be very, very

feinberg? some people have said if there was 40% ownership by the taxpayer was that the standard -- what was the standard that determine who the seven companies were? >> in the regulation itself actually mentions the specific names of the programs that they're under, but i think your question marcos to what's the logic and rationale and i think our feeling is the sum of the things we have done, some of the facilities that were set up are said to be generally accessible to company's financial the institutions that large and they are often set up because we think that there is a positive a public purpose in them participating. we think whether a community bank, in community banks want to not have more capital that they wanted to do less loans, we believe that it is in the interest of recovery to have stronger capitalization of banks and stronger lending profile so those are generally accessible programs. where a company comes to the u.s. government and the u.s. taxpayer and requires exceptional a

discussion on president obama es choice to lead the federal communications commission with andrew feinberg broadband census and form johnson with dow jones news wire. with the fcc would look like under a new chairman to night eight eastern on the communicators on c-span2. >>> topics at today's state department briefing include the continuing unrest in iran, u.s. relations with china and u.s. navies ongoing surveillance of the north korean ship suspected of transporting beer and nuclear technology. the briefing is conducted by state department spokesman kelly. it's half an hour. >> good afternoon. i think as many of you have heard the secretary on the doctor's advice decided for the g8 foreign ministers meeting and for the lsc meeting has deputy secretary steinberg said just a few minutes ago, he will go for the meeting which is the back end of the trip and undersecretary burns will represent at the g8 foreign ministerial meeting. the secretary was in the office this morning. she attended her morning staff meetings. she's already made a few phone calls. she made a bunch of phone calls over

the administration is expected to name kenneth feinberg to monitor executive pay at companies receiving assistance from the $700 billion in troubled assets relief program. we will have more on the supreme court nominee. arlen specter says he is withholding judgment on sotomayor for now. he had been a member of the senior judiciary committee before switching parties this spring. he is refusing to committing himself to supporting the judge until the conclusion of the confirmation hearings. government officials said that dick cheney held secret meetings for lawmakers in 2005 to defend our interrogation. to defend harsh interrogations'. the republican congressman john klein says that based on what he heard and saw in the closed meetings, the information gathered it did disrupt terrorist plots. attorney general eric holder is asking a federal appeals court to release imprisoned alaskan lawmakers after was found that the prosecutors improperly handled evidence in their corruption trials. it is the second retreat by the justice prosecutors since the conviction of ted stevens was tossed out of

feinberg over saying banks who received financial rescue money? . . . he board, you have someone an executive of one company said on a board in another company with their friends. you have a bunch of executives and very wealthy people setting pay for other executives and very wealthy people. so you have this whole group. really it is not in the board's best interest to be tough on pay at most companies because, what do they gain? do they gain? so i think one thing you have heard a lot of on capitol hill is criticism of the way boards have operated, one to put more pressure on them. restoring maybe some of the shareholder rights. really eroded over the last 1520 years, giving shareholders more of a say on pay. host: this is a broad question. but can you give us an idea of what a typical board of directors is paid? guest: directors don't really -- $50,000, probably a lot for the average everyday folks. but it depends aboard, often they need. but they get expenses paid and they do receive a flat salary for doing that. host: they obviously are major shareho

. >> tonight, a discussion on president obama's choice to lead the fcc with andrew feinberg and fawn johnson. what the fcc would look like under a new chairman, tonight at 8:00 p.m. eastern on "the communicator's." >> how is c-span funded? >> through donations? >> a little bit from the federal government. >> brands. >> maybe from sponsors? >> it might get government funding. >> viewers? >> how is he's been funded? 30 years ago, america's cable companies created c-span is a public service, a private business initiative. no government mandate, no government money. >> democratic leadership council recently honored its retiring ceo, al from. speakers include bill clinton, steny hoyer, and the incoming dlc chairman. this is about an hour. >> standing right behind me, so save me, please. ladies and gentlemen, the rabbi. >> oh, god, a creature of the universe upon universe. we're here this evening to honor, to ease bank, and to recognize a friend, a patriot, a leader, a lover of our country. in this moment, dear god, as we should in all moments, we recognize your presence and the work of ou

. >> our guests have been fawn johnson and andrew feinberg . we have been discussing the nomination of julia's chenakowski. -- julius chenakowski. when will the vote happen? >> it could happen before the july 4 recess. it only takes one senator. that has been the plan, at least the committee -- we will have to wait and see. we are still waiting on that. >> you can watch the full hearing if you like on c- span.org. thank you both for being on "the communicator's." >> tomorrow on "washington journal." it look at iran and the health care debate with tony blankley and jon-christopher bua fro "sky news." and later, a look at the cover story in harper's magazine, "barack hoover obama, the best and brightest blow it again." this week on c-span's "newsmakers." pete stark discusses legislation working its way through congress.

host: our guest for the last half-hour have been fawn johnson with doug jones newswires and andrew feinberg of broadband census.com. we have been discussing the nomination of julius genachowski to be the next year of the fcc. when will the vote happen? if it hasn't already? >> guest: it could happen before the july 4th recess. there are things that could stop it obviously. it only takes one senator. that is in the plan. we will have to wait and see. we expect other nominees to go forward a lot more quickly and then they have got held up so we are still waiting on that one. >> host: you can watch the full herring if you want at c-span.org. thank you both for being on the communicators. >> guest: you are welcome. steve opnet veering gain reregulating oh mcandrew this. witnesses include mary schapiro, a securities and exchange commission, officials from regulatory agencies have had read that trading organizations for zilpha this is celestin 2-1/2 hours. >> let me call the hearing to order. i want to thank all of our witnesses for joining us this afternoon, and i am particularly happy to welcom

. >> host: well, our guests have been fawn johnson with dow jones news wires and andrew feinberg of broadband census.com. we've been discussing the nomination of julius genachowski to be the next chair of the fcc. when will the vote happen? if it hasn't already? >> guest: it could happen before the july 4th recess. there are things that could stall that, obviously, it only takes one senator. but that has been the plan at least as part of the committee, we'll have to wait and see. we expected other nominees to go forward a lot more quickly, and they've gotten held up, so we're still waiting on that one. >> host: and you can watch the full hearing if you'd like at c-span.org. thank you both for being on "the communicators." >> guest: thank you. >> guest: you're welcome. >> how is c-span funded? >> through donations? >> i think you get a little bit from the federal government? >> you know, grants and stuff like that. >> maybe from sponsors? >> it might get some government funding. >> viewers? >> how is c-span funded? thirty years ago america's cable companies created c-span as a public service,

discussion on president obama's choice to lead the federal communications commission with andrew feinberg and fawn johnson. what the fcc would look like under a new chairman, tonight at 8:00 eastern on "the communicators" on c-span2. >> there is still time to get your copy of c-span's 2009 congressional directorate. with information on house and senate members, the cabinet, supreme court justices, and the nation's governors, plus district maps and how to contact committees and caucuses. it is $16.95. c-span.org online. /products or call 1-877-on-c- span. >> how c-span funded? >> donations. >> from the federal government. >> grants and stuff like that. >> maybe from sponsors? >> they might get some government funding. >> the viewers? >> how c-span funded? 30 years ago, america's cable companies created c-span as a public service, a private business initiative. no government mandate, no government money. >> "washington journal" continues. host: corey boles covers congress for dow jones newswires and appears in "the wall street journal." we are here to talk about the past for -- cash for clu

with andrew feinberg of broadbandcensus.com >> what the fcc would look like under a new chairman tonight at 8:00 eastern on the communicators on c-span2. >> a discussion now on how legal and policy change can be achieved in washington. staff members from the white house and federal agencies gave their insights at a recent conference of the american constitution society. speakers include white house counsel greg greg and john podesta. this lasts about an hour and a half. >> it was like the perfect foil for all of us. >> good evening, everyone. if i could quiet the crowd,

with that being said, and i have to say also to my colleague when she mentioned kenneth feinberg, he's great. i work with him. i think it was a great choice. but i go back to one of the articles, by the way that was another thing in the article. already, this is wall street today. already many in wall street are beginning to bollettieri change their pay practices though it remains to be seen how long. that's another reason why we are doing what we are doing today, and hopefully for the future. but my question to you would be, could you expand on what is considered exceptional assistance? i actually don't understand that part. >> the easiest way to describe would be that in the previous administration and they set up the capital purchase program. and this was expanded to all banks, so even smaller banks can command. the idea was to try to give more banks of the capital so that they were in a stronger position to land untranslate land. we don't collectively if there was proper capitalization and the banking system there would be more lending. and that would be good for the economy. an in

with that being said and i have to agree with my colleague when she mentioned kenneth feinberg, he's great. i worked with him with a lot of my constituents that lost somebody on 9/11 and i think he was a great choice, but i go back to one of the

is deputy secretaries feinberg said, just a few minutes ago, he will go for the osc meeting which is the back in of the trip and undersecretary burns "represent us at the g8 foreign minister meeting. the secretary was in the office this morning. she attended her morning staff meetings. she is already made a few phonecalls. she made a bunch of phonecalls over the weekend as well. the first call she made this morning were to foreign minister frattini of italy, and foreign minister of greece to express regret that she would not be able to attend this two

with andrew feinberg. what the fcc would look like under a new chairman tonight at eight eastern on the commute hitters. >> how is c-span funded? >> through donations? >> you know, grants and stuff like that. >> may be from sponsors? >> it might get some government funding. >> viewers? >> how is c-span funded? 30 years ago america's cable companies created c-span as a public service, a private business initiative, no government mandate, no government money. >> up next bridget branson who started virgin atlantic airways 25 years ago speaking on the airline industry. he opposes the possible merger of british airways.

with that being said and i have to agree with my colleague when she mentioned kenneth feinberg, he's great. i worked with him with a lot of my constituents that lost somebody on 9/11 and i think he was a great choice, but i go back to one of the articles will st. are beginning to voluntarily change practices though it remains to be seen how long and that is a reason we are doing what we are doing today and for the future but my question for you would be can you expand what is considered exceptional assistance? i don't understand that part. >> the easiest way to describe would be the previous administration was set up the capitol purchase program and this was expanded to all banks even smaller banks could, and and the idea was to try to give more banks the capitol so they were in a stronger position to lend, not because we were in each of those banks but we felt collectively if there was stronger capitalization there would be more lending and it would be good for the economy and individual banks might say we're going to weather the storm buy not lending, we are going to make much mone