it was led by michael bloomberg, henry paulson, and tom steyer. among the findings, if we continue on the same path, by the year 2100, the country could see $701 billion of coastal property underwater. $108 billion in average annual losses from hurricanes and coastal storms on the eastern seaboard and gulf of mexico. and in some states, a loss of up to 70% in average annual crop yields. extreme heat and humidity would also threaten human health, reduce labor productivity, and strain electricity grids. >> global climate change over time poses severe threats to life on earth as we know it today. and as time goes on, those severe threats become greater and greater, and ultimately i think have the potential of becoming catastrophic. >> even if you're skeptical about climate change, there's no denying that it presents major risks that no company, city, or country can afford to ignore. >> i believe the american business community can and must lead the way in helping to reduce these risks. to rise to the challenges of climate change, they must do so now.

. >> 2010 treasury secretary henry paulson talks about his memoir. >> thank you all for being here and for being patient. i jumped in the car and race to as soon as i could. thank you very much. speaking about something very relevant to what you have worked so hard on. i want to talk about the book and the broader economic context of china and the word about hank paulson. i know something about the stress and policymakers behind-the-scenes. i don't think anyone put this country on a footing for the future. writing here about his perspective is a policy maker with his long experience in china. the hundred visits going back years and years. and so the perspective from the private and public sector come together as we assess our greatest economic rivals in the banker, and until very recently banker of uss. secretary paulson, thank you for being here. >> thank you. it is my great pleasure to be here. i thank you all for being here and for waiting. i waiting. i am looking forward to the conversation. >> dealing with china is a fascinating insight. the president's news conference trying to e

. >> host: the political response to 2008, ben bernanke, henry paulson, sheila bair, presidents bush and obama. did they get it right? be. >> guest: i think once the crisis unfolded, definitely ben bernanke and the federal reserve acted correctly. that's no small measure due to the part that bernanke's doctoral thesis had to do with the great depressioning and the fact that -- depression and the fact that, you know, he worked out a new interpretation of why the great depression was so severe, and that was because of the collapse of the banking sector. and this view was slightly, actually, a big departure from the dominant view that was associated with milton friedman which had talked about the monetary influences. bernanke talked about credit influences, that you really have to rescue the financial system to make sure that lending continues. and so i give him a lot of credit for saving things. the bush administration did push through a small stimulus package many 2008, and that probably helped a bit. but really many terms of fiscal policy -- in terms of fiscal policy t.a.r.p., which

now from 2010 former treasury secretary henry paulson talks about his memoir on the brink. >> thank you all for being here and for being patient. the president scheduled news conference and i was anchoring the coverage so i jumped in the car and racier soon as i could read again thank you very much and speaking about something that's very relevant to what you afford so hard and so i want to talk about the book in the broader economic context of china and just a word about hank paulson. i know something about policymakers behind the scenes and i don't think anyone went through a stressful it period as treasury secretary as you did and put this country on a footing for the future, this country in the world. i just wanted to say it's a privilege for me to be here was someone who is writing here about his effectiveness and as a policymaker in his long experience with and dad with 100 visits to china going back to the cls goldmans. with the of the private sector and the public sector together as he assessed the greatest economic rival and the bankers who until recently believed the banker of

now from 2010 former treasury secretary henry paulson talks about his memoir on the brink. >> thank you all for being here and for being patient. the president scheduled news conference and i was anchoring the coverage so i jumped in the car and racier soon as i could read again thank you very much and

felonious knights of wall street drove the american economy into a ditch, george bush allowed henry paulsonsecretary of goldman sachs, to cover the markers of his buddies, sticking america with the bill." craig: a hundred billion dollars. brian: is that the real craig shirley stepping out on the page? craig: yes. it is true. wall street was bailed out to the tune of hundreds of billions of dollars. middle america has paid the bill. and no one on wall street has ever paid. for the deeds.ed brian: and you wrote that no one jumped from a building, disappointing many. [laughter] craig: that was a rhetorical flourish. brian: you write that "ronald reagan was simply one of the most compelling men in american political history. richard nixon often spoke derisively of television. only reagan and john kennedy recognized the power of the box in people's living room. -- room." craig: yes. yes. even now, how many years -- 51 years since john kennedy was president and you still watch these press conferences and they are just highly informative, highly entertaining and utterly compelling. he just had a g

. >> 2010 treasury secretary henry paulson talks about his memoir. >> thank you all for being here and for being patient. i jumped in the car and race to as soon as i could. thank you very much.

treasury department from december 2006 until january 2009, serving as chief economist for secretary henry paulson. he was previously chief of staff at the white house counsel of economic advisers from 2002 to 2005, and on economist at the imf, the international monetary fund and of the board of governors at the federal reserve he was involved with a range of policies including tarp, housing, energy, environment, pensions and macro analysis and has been specially involved lately in the policy efforts concerning housing, finance reform and broader financial regulatory reform. mr. swagger received a phd in economics from harvard university and a bachelor of arts in economics from princeton university. our third speaker, hopefully he will get here in time, is mark sunderland. evenflo was founded by mark sunderland, previously he spent 10 years as managing director of global economic consulting firm and during that time he traveled extensively to japan, china, arabia, germany, great britain, france italy and switzerland. from 2001 to 2002, he served as deputy assistant to the president for act now pol