as hank pahlsson said to me the other day, if you look back over the last 10 years and see the projections climate scientists have made, they are bringing forward the times when they think more severe and i think at least quite possibly catastrophic effects occur. this is an issue of urgency that we have to deal with now. in that context, let me invite to the podium, secretary of the treasury, jack lew and michael greenstone. that is you, michael. and michael greenstone. no, i guess not. [applause] ok. here. i'm going to unincite michael nd i will invite jack. practices will not go into his resume. i will say just one thing. when jack was with the clinton administration, he was a pleasure to deal with. he is very sensitive to the politics to issues that he deals with. we knows washington and knew how the work with all of us cabinet members as we dealt with our issues. it is very seldom that a fellow cabinet member will say something nice about someone from o.m.b. i introduce the distinguished secretary of the treasury, jack lew. [applause] >> thanks bob for that introduction and for your s

pahlsson. gina was at the trial today. she joins me now from washington. now gina this is a new trial, but not a new concept. hankberg said that aig was held to a different standard than even the banks in terms of their culpability, their responsibility for triggering the crisis, and that they were treated unfairly. what is the meat of this argument? >> yeah, you are right. he is arguing that aig got much harsher terms, about 14% on their loan, which they described as extortion in the court hearings today. that was very different from banks like citigroup or morgan stanley who they said contributed to the crisis, but got a much lower interest rate on their loans. and they questioned why that was the case, also the government took a 79.9% stake in aig as part of the bailout terms. they argue that the government did not do that to the other banks that again, contributed to the crisis, so they are questioning why they are the only ones being punished and the other banks much got much more favorable terms. >> let's look at this. most people would probably think this would be a boring trial to cover. this is probably