which school makes their students happiest with financia financial aid this year. >> you're so right. we go to the college experts. current college students and ask about their experiences, around financial aid ed schedulely this year. >> everyone's having a hard time with financial aid. there are virtually no private loans. what is the best way? >> swarthmore college in swarthmore, pennsylvania. an excellent school. $44,800 but giving out amazing amounts of aid and students are graduating with no loan debt. meeting that aid 100%. >> wow. where are students least happiest about their financial aid? >> this year it is "nyu," unusual sun spect on our list. price tag around $48,000, $49,000 a year, big loans a year. 35.5 after the four-year degree. >> a lot of debt. expensive to live in new york. best value. public and private. start with the private school. what's the best value out there? i asam you're looking at what you're getting for the money? >> true. what you're getting for the money and also the experiences a student was learning in the classroom. were challenged, professors wer

now, right as the financia crisis is ending, f.a.s.b. i considering plying mark-to- market rules to all financl assets. this would be nothinshort of disastrous, plunging banks rht ck into the hole they were i a year ago >> i agree, the expaion of mark-to-market aounting rules would almost certain push banks right back to the brinof insolvency, but the realitis yocannot use accounting changes to recalculate your y to prosperity. the probm is we have a vast amountf debt in our banking system. the governnt knows this, and in my cases is directly supporting this de while regulatory bodies, sucas fasb have aowed banks to over-value it. insolveninstitutions should be allowed to fail. banks ould be required to value their assets at realisc prices. but cause we have postponed reality for so long, it is doubtful we have theerve to face it now. >> suzanne: that's "ghtly business rort" for thursday, august 13. i'm sunne pratt odnight, everyone and good night to you paul. >> paul: goodnig, suzanne. i'm paul kangas wishing all you the best of od buys

tavis and tionwide, wking togetheto improve financia litery and the economic empowerment that comes wititwide is on youside ♪ and by contributions to your pbstation from viewers like you. thank you. [captioning made poible by kcet pubc television] captioned the national caioning institute www.ncicap.org--

supporting science, techlogy, and impred economic performance and financia literacy in the st century. a with the ongoing support of these institutionsnd foundations. and... this progr was made possible by the corporation for public broadcasti. and by contribions to your pbs station from ewers like you. thank you. >> woodruff: nator edward kenedy, patriarch of america's best-known polital family, oftecalled the "liberal lion" of the senate, died at his he inhyannis port, massachusetts, last night aftebattling brain caer for a little more than a year. duing his 46 year tenure in washington, he pushed for legislation on educaon, poverty and alth care. today he was wily remembered as gifted leader and legislator. we begin our covage with the personal memories of one ohis osest friends in the senate republican orrinatch of utah. >> sator thank you very much for talking with us. >> so nice to b with you, judy. >> woodruff: what e you thking and feeling onhis day? >> naturally, i'm griefing. i knew ted was going to die but i pyed for him every day hoping for a mirle. i chatted with his wi,

the second is there is a synergy between thinking about macroenomics stality and financia stality.nd that is i think extremely important inerms of performing the appropriate analysis to do systemic risk regulation in the best way possible. fervor is there is a synergy between the actions required in terms of promoting macroeconomics stability and financial stability and so we see this ofourse inery major ways during this recent crisis this involves the role of the federal reserve as t so-called lender of last resort providing liquidity to the financial system to in fact make sure macroecomic stability is preserved. and finally, the federal reserve is one of the most independent of government agencies in ord to be effebtive systemic risk regulator the independence the fed has had in the past and has used in the past wou be very lpful in this regard so when i look at this issue of the fed being a systemic risk regulator i think from my viewpoint it really is the appropriate logical choe when w think about the nature of this role. >> the second issue is should the fed relinquish some