and i felt like in reading the transcript of the hearings it could have been laid talking to henry paulson as opposed to henry goldman talking to the cabinet secretaries in the early 1900's. his prescription for what the new york federal reserve should look like which would be the most powerful member of the federal reserve banking system as well as how banks were to get access to the federal reserve bank if they needed the funds if they were in a crisis situation was played out 100 years later and goldman was a beneficiary of that, so it was eerie how long goldman has had an influence in washington and where this all began with henry goldman, but then after sidney weinberg basically every leader of the firm was either interested in the politics or came to washington and part of the reason is because goldman has now especially very much up and out mentality. once you have made your pile of cash they sort of force you out which is interesting. other firms aren't set up like that. when i worked it was our fair people like steve ratner wanted to be treasury secretary. they never got there but

the transcripts of those hearings that it could have been, you know, lloyd blankfein talking to henry paulsons opposed to henry goldman talking to cabinet secretaries, you know, in the early 1900s. his prescription for what the new york federal reserve should look like which would be the most powerful member of the federal reserve banking system as well as how banks were to get access to the federal reserve bank if they needed funds, if they were in a crisis situation played out exactly 100 years later. and goldman was the beneficiary of that, goldman sachs was. so it was eerie how long goldman has had an influence in washington and where this all began. it really began with henry goldman, but then, you know, after sidney weinberg basically every leader of the firm was either interested in politics or came to washington. and part of the reason is because goldman has now, especially, very much an up and out mentality. once you have made your pile of cash at goldman sachs as a partner, you know, they sort of force you out. which is very interesting. other firms, you know, they're not set up lik

securitization assets and the tarp fund seven hundred billion dollars of taxpayer money was given to henry paulson carte blanche after the lehman bankruptcy so they have more or less destroyed the domestic u.s. economy the real estate debacle rolls on rolls on rolls on the unemployment grows in the u.s. there is no recovery there's not even a green shoots of recovery going on europe outside of germany in a few bright spots is is floundering in the after effects of this. financial bubble that goldman and company helped create were in there are loath or and the economic research is the one from germany today i think you're in for an r.t.s. appreciate it. colin threats are about to get a joint response to terrorism and drug trafficking of being tackled by president very different his pakistani counterpart to see feliz adare was in moscow on a four day visit the two men met in the kremlin acknowledging that both countries are suffering from international islamist terror networks and the drug flow from afghanistan economic ties also came up with moscow in islamabad agreeing to boost the energy sector d

in this scene treasury secretary henry paulson calls for help from the world's richest man, warren buffett have been talking to dick foe. >> you know my misgivings, hank, about investment banks. as soon as they started trading for themselves, the risk managers lost control. i had a very unpleasant time at solomon brothers. >> that's fair enough. but we both know that investment banking is a profitable business. >> i figure it brings you $1 billion or so, huh some. >> buffett is played by none other than the legendary ed azner who we loved as hugh grant on "the mary tyler moore show" and in the movie "up." welcome. it is an honor to have you here. a legend of the tv world. >> glad to be with you. >> so i just got to ask you. this book "too big to fail" and the movie, why is it important? >> well, it talks bay big goof-up in the history of our country and the financial circles. it demonstrates how the problems took place, why they took place, what it fails to achieve, what has not been achieved in real life a solution to preventing it from happening again. >> when you look at the movie, does

i was in all of those meetings where we had henry paulson and ben bernanke hyperventilating.s an awful situation. that crisis caught us by surprise. we watched the money markets meltdown. that caught us by surprise. let me ask you this. what would you think of your president board member of congress if they knew it was coming, if they knew what was happening, when it was going to happen, and they knew exactly what to do prevent it from happening and had the time to do it, but they chose not to because it was bad politics? what would you think of the person? that is where we are right now. this debt crisis is the most predictable economic crisis we have ever had. and the thing that is stopping us from fully fixing this thing is politics. we have got to get through that. that is why some of us are putting these plans out there to try and move this conversation to the level it has to get to. we are not there yet, but we are sure going to keep trying. [applause] a nerve inouched and the nation with your ability to convey this message. you said respect the president as well. it is