i also want to say that city college is an incredible institution. some of the call at the heart of san francisco because so many of us are connected directly, like supervisor yee being a product and many of us having taking classes , or having had family members. it helps to transform lives and provides access to people from all backgrounds; for immigrants it has allowed them to learn english. for laid-off garment workers from chinatown to ancient, it has allowed them to get retraining so they can support . their families with better income . but it is really an amazing place many of us when we fought for the chinatown campus over the years it was about creating access and opportunities, to create nurses, teachers, mechanics, the professions that keep our city running an economically viable. the 85,000 students are a great testament. the college focus on real strategic approach to social justice is also been a model nationwide in higher education and pulling up economies, a great model for many other immunity cause distress throughout the country. ,

which does exactly what you seem to complain about and it has institution that. mitigated. the nature i know it's a western target. events and rights because those those cities were not covered by the f.b.i. see that's exactly what that's what dodd frank attempts to do and that's what you complain about what most americans think the f.d.i.c it's worked pretty well we have not had a run on the government the f.d.i.c has entirely been paid for by banks and it actually works pretty well they close a bank on a friday night they open up monday morning and if you have a deposit of more than twenty fifty thousand dollars you don't lose anything that made that paradigm i think is something that we need for brokerage firm usually i would say i think the fundamental difference here is i think failures good because i think there are you weeds out the rotten corrupt and the incompetent and i think the attitude that our the standard in our banking system should be that nobody fails is the wrong out of this i don't know you know i say that doesn't do the i.c.r.c. killed by people around

institution in our community.t's where we voted before we had the right to vote. it's where we owned property when we couldn't own property. it's where we chose our own leaders. and to the professor's point, black churches today generally no longer have the central kind of influence in america at large or african-american communities in particular that it once had. and i think therefore this conversation is critical, because in christian theology, res resurection follows death. >> we begin to talk about the role of the black churches in the very life of communities. we need to understand that african-american communities are dynamic, that they're complex, and that that complexity reflects in very interesting ways the material conditions under which black folk are -- >> well but i mean jay-z is not representative of an institution. barack obama is catching hell today -- >> it's not an institution? >> it's not a viable and it's not an institution that's capable of producing anything. [ overlapping speakers >> some w

essentially pressures like you said that kinds of liberal institutions and democratic institutions that essentially are the ones that would underpin democracy. >> so final word, i think it's probably clear by now but a wanted to get clear that this isn't actually about the content. this isn't about islamism, right? it is about the nature of that debate. about the extent to which it is totalizing or left totalizing. the ways in which they feel to it that this is really, because much farther than this division of resources, we cantomorrow an, right. and it's linked, it can be linked again what we are saying it is linked to economic systems, all sorts of systems. it's not as simple, a simple issue of islam. >> thank you very much, ellen. a lot of questions. thank you. let me say i was just there in courage to buy the thesis of the study that we should really focus on our institutions rather than trying to characterize islamists. and this is especially true i think in the libya case, having just returned there and also having spent time there before the elections of last year. i think it's

attorney general eric holder stated that some financial institutions might be too big to jail and that the justice department has had difficulty in prosecuting some institutions because it would pose a threat to the economy for more on too big to fail we turn to prime interest producer just. this july will mark three years since dodd frank was signed into law a bill designed to end the massive bailout of banks. and too big to fail we're going to end too big to fail this is intended to put an end to the idea that some firms are too big to fail how did we get here today's mega banks grew out of repeated series of mergers and acquisitions over the past two decades exacerbated by the crash of two thousand and eight frank was signed into law in two thousand and ten so where are we now nearly three years later the six largest u.s. financial institutions more than two thirds of all credit cards and over half of all mortgages today they have assets equal to almost two thirds of u.s. g.d.p. that's double the size from a decade ago and now that's created a problem that's almost too big to fail s

institutions are made up of people, individuals. we have seen how the actions of a few can undermine the integrity of those institutions. everyday men and women of talent and skill work in the financial institutions that fund new businesses and put families in new homes and helps students go to college. we have also seen how the misdeeds of some sparked the financial crisis deepened the recession that cost millions of americans their jobs. every day elected officials like those on the stage devote themselves to improving the condition of this country. all too often we're seeing politics where compromises were rejected as a dirty word and policies are driven by special interests rather than the national interest. that breeds cynicism that threatens our democracy. every day our civil servants do their jobs with professionalism, protecting our national security and delivering the services that so many americans expect. it only takes the misconduct of a few to further erode the people's trust in their government. that is unacceptable to

, the institutions that you are in charge of. so i'm here to just be a part of this experience, to welcome mr. bailey but to also know that your mayor is looking out and being a part of this institution and i want you to know that i am very happy to be a part of the boards effort and staff's effort to continue this great institution and all the wonderful work you do. it's my pleasure to be here and we'll continue to make all the success it has been for many many decades. thank you very much. [ applause ] >> well, thank you very much. i'm also very happy to say that on march 12th, we had our millionth visitor of our fiscal year that doesn't finish until june 30. i think we'll have another record breaking year. all of our wonderful shows this year and exhibitions are doing very very well. so a week ago wednesday, we had over 13,000 visitors in this museum. so we are really on a roll as the mayor said and we look forward to many many more successes and with collin as our new leader, i know he's going to come up with some wonderful e

institutions are made up of people, individuals.have seen how the actions of a few can undermine the integrity of those institutions. everyday men and women of talent and skill work in the financial institutions that fund new businesses and put families in new homes and helps students go to college. we have also seen how the misdeeds of some sparked the financial crisis deepened the recession that cost millions of americans their jobs. every day elected officials like those on the stage and all across the country devote themselves to improving the condition of this country. all too often we're seeing politics where compromises were rejected as a dirty word and policies are driven by special interests rather than the national interest. that breeds a cynicism that threatens our democracy. every day our civil servants do their jobs with professionalism, protecting our national security and delivering the services that so many americans expect. it only takes the misconduct of a few to further erode the people's trust in their government

own than smaller institutions do. i think we have to be very concerned that the risks are not just to the big money-center banks. they are much broader than that and they're faced by institutions in the kind of collaboration and cooperation we're talking about how the full capacity to respond should there be a threat. we're going have to remain committed and vigilant using all the tools that we have both to detectives and to look at these issues and it will take real cooperation between financial- services and government officials. >> senator crapo. >> thank you, mr. chairman. mr. secretary, two questions to follow up on. one on the irs and one on fsoc. you indicated that the inspector general's finding indicated that there was not a political motivation to irs activity. >> no political pressure was brought to bear. >> i had to step out for a few moments to go down to the finance committee and i had an opportunity to ask some questions of the inspector general and a few very important things came out. he made it clear

these institutions started to fall apart. and it meant that the individual sort of left to figure out their own success and survival on their own. and that's what the characters in the book have to do. >> jon: if you wrote this book about the generation previous to ours, could it have a similar, you know t didn't feel like a nostalgic book. it didn't feel like a, this country used to be great. it took care of its people. i imagine if you followed a similar group of people over a similar stretch of time from 1930 toss 1960 you might find a very similar story. >> i think the institutions were healthier in that period. but i think for-- . >> jon: for certain populations. but in other words, the institutions were restrictive. >> i was going say for example tammy thomas a black person from youngstown, one of the two many characters in the book from 19230 to 1970 she would have been a nonperson in this country. so in some ways the country opened up and granted more freedom to more people than it ever has before. and freedom is the

countries all kind of that are not members of the same to the council to have a problem if that institution does not change or transform because it means we can sit one day as we are looking at. look at a country put into storage before our eyes in this modern age as if it is ok it's back in there could be wars that could finish their countries nobody can explain in this modern age in democratic change that why have we allowed syria to be destroyed as it has been destroyed so it's a big problem. that people are beginning to say we need to find a solution in fat for people who are saying it's too late now they wanted to do it because there was a time when we could have come in who could have. solved the problems find a solution whatever views people didn't do so it was it was not the interest mr president if it where to help resolve the problem in syria would you be ready to host president assad in south africa and give him asylum and i'm not sure that you want me to answer that question because i don't know what is it that makes people think you should leave. there's been a problem that has

and the third, the same to be missing so long on the conservative side is the institution. when philip was going through the history and heritage, one of the recurring thoughts that came to me is that they talked about missile defense, welfare reform, social security, all these issues. these are issues that come in and around washington and you have to keep refining them and reaching new audiences. you have to kind of be reselling them all the time and make the sale time after time and day after day and that's why you need an institution. you can't be a one-person blogging machine one. you have to go out and sell those good ideas. the setting vice president celebrated with us the 25th anniversary of ronald reagan 1983 with a strategic defense speech. we just had obama say yes we have to be felt strategic defenses in the northwest part of the united states. 32 years we still don't have a fully deployed missile defense system. phill talks about repealing of a treaty that we used to have with the soviet union because there hasn't been a soviet union for nine years at that time

she brings great energy to our institution and the whole staff is looking to work with her. as you ask about the difference between executive director cur cur ray torment they're there to help enrich and enhance and implement the division lorie will bring to the institution. >> we're going to take a quick break and come back in just a moment. please join us in just a moment. ,,,,,,,, >>> welcome back. i'm honored to be your host. we're in the mid-of a wonderful -- we're in the middle of a wonderful conversation. we're in the middle of a conversation about the museum and the community and both the external aspects people see working for the museum. why are museums important? >> well, you know museums came about in a very different time in history. they started out as curiousty cabinets more less for kings and rulers of the world. it was only more resent times in the 18th century that museums started to become places of public engagement. you have some of the museums that started to engage with the public in a public round and public scare and become more of a place of ideas a

and science education institutions around the world will benefit from the research and the innovation that will occur here. this has been a true journey, long, and rewarding. a culmination of years and planning and hard work, not just by the exporatorium staff and board, about whom i can't say enough. [ applause ] but also by the city and the state including many of you here today. the exporatorium is really all about collaboration. collaborativive learning, collaborative decision-making and collaborative management. and this process has been a true collaboration, bringing together the staff and the board, government agencies, neighborhood associations, our fellow san francisco museums and many other con stitcies. >> raising the money to turn this bold vision into a reality was a true labor of love for the board. two factors made our job actually quite easy. first, everyone in the bay area loves the exporatorium. [ applause ] and second, it is an institution that in its first 43 year has made a big impact in the world. what you see here is the end result of a lot of work by thousands

because there is no institution. the government reverts to what it knows, and that is the sort of backroom sense of politics. and the revolutionaries say, a half, this is just more of the name. all this is taking place in a very dire security vacuum. again, in libya, it is actually accurate that we should not try to impose a liberal divide on this country. because it is very different than what we find. most important i would argue it is really a chronological timeline. what were you doing under qaddafi? where were you during the revolution. did you join the revolution late night were you an 11th hour joiner in these debates are being sliced out to a very minute degree. there are islamists that are saying that if you are not and then got me on every 17, then you should be excluded from government. the second is how much of it began as a artificial process. when i talk to libyans, they often surmise or lament that their country is becoming another somalia or iraq. i can tell you that these sorts of existential fightin

it is one of the oldest institutions. they go back and that every single part and for most of history people who have for the simple reason did not have the resources to take people from another continent, but later in history this is what happened in the united states and in the western hemisphere. much of the pathology is a union legacy of slavery. for example, the breakdown of the family. most black kids grew up in homes with two parents even under slavery itself intergenerational thereafter as late as the 1960's. most black children grew up in two-parent homes. only when you start with a massive great society that you start to see the family that survived all this time now begin to disintegrate. >>host: from "intellectuals and race" dr. sowell there is other evidence that black subculture has a negative effect on intellectual achievement, in other words, brighter black students to not perform as well as settings when there are many other black students around them contrary to the theory that what is needed in educatio

>>host: here at the public policy institution what you do? >>guest: i was asked that in a legal case as an expert witness and the opposing attorneys said you are a senior fellow just what does a senior fellow do? i said actually has no powers or no duties and the judge said would mind having a job like that. >>host: used in the day thinking? >>guest: nothing but a brilliant ideas but that is exhausting. [laughter] >>host: when you talk about cosmic justice dr. sowell what you mean? >>guest: i guess social justice which is justice for groups and an initial opportunity to have the same life chances because no society is able to do that in any country. so what you are asking for is when you think of the differences it is impossible. some kids may be raised in families but one family has one said and the other will not. and the one that does not have that attitude may be bright but does not have the same chance. no way he could. >> our goals like the economic quality or opportunity or racial equality are those good goals? >>. >> if you mean equal

that's the biggest institution in the world. it's got the great advantage that it creates its own liabilities. no banks out there get deposits from the public. the federal reserve can create their own liabilities. and that's these funds, now liquid funds that the banks have. now they're doing this in kind of frustration to try to get the housing market going. which it is. >> rose: it's going. for goodness stakes look at the recent reports. >> it's beginning to go. i don't know how much. the mortgage rates are low anyway and they made them still lower. now what marginal impact that had, nobody quite knows but it's in that direction. but we really don't want the central bank over a period of time to get in trouble if they're helping the mortgage-- residential mortgage market today, and student loan market tomorrow, and business loan market some other time, and small businesses need some help. that's the federal reserve buys more business small loans. >> rose: too much meddling, you think? >> those are political decisions. they wil

institutions in america.gnize the dignity in every human being, treat one another with respect. remember that when we harness the talents of every man and every woman and every race and every creed. finally we feed your resolve. the same -- if you seek an example, you don't need to look far because not long ago, two mid shipmen sat where you sit in 2006 and they inspire us today. here at the academy. brad snyder was the captain of the swim team, he deployed to afghanistan and while rushing to the aid of his teammate, stepped on an ied and lost both his eyes w the support of family and friends that learned to feel his way and move again. and before long, he was back in the swimming pool where he said, i'm free. and just one year later, brad competed at the london p paralympics. he said overcoming adversity is a decision. you can let that beat you or you can make the decision to move forward. matt lambert was on the rowing team. he deployed to afghanistan with his marine special ops team. matt lost both his leg

he cares about the institution. when people talk about the healthcare vote and whatever happened there a secret matter inside the court, one thing is he would have voted the way he thought the law should be decided. he cares about the country's respect for the institution. >> but didn't like what you were doing in the beginning. >> it's true. remember i said that people were not used to people going after cases. he was someone who was the most respected advocate of his generation. i think that for him and for a lot of people that somebody chasing work, was not the way it should be done. i don't know he felt at all strongly about it. he was quoted one time saying that. >> we need to introduce the audience amy howe. you've been marrieded how long? >> we've been married for going on 17 or 18 years. >> the original law firm. >> is actually goldstein and howe. amy is not practicing law. >> where did she go to school? >> she went to gorgetown. >> how old are the kids. >> 10 and 6. [video clip] >> the next justice, the mos

then in the institution. there may well be mutual influence going on, especially when you want to get ahead. i don't think we should be shocked or surprised that we are everyday missing this reason. i'm not surprised that conservatives care about this. they like to control universities as well. what do they do? is entirely passive. and they have created their own appearance. they have done that through this. it includes intellectuals focusing single-mindedly on the path. and i think in a way, this is opposed to academics who feel bound by the constraints of their discipline. this has to do with conservative colleges, many of them are found on a religious basis as colleges and universities. conservative institutes and organizations exist in this. we have the james madison center by professor robert george. it includes these values and the parallel structure. this is a pattern of power where there is separate innovation. separate professional societies with liberals and conservatives. this is a pattern that has

for 100 years, maryland financial institutions lived with laws setting usury ceilings.ause interest rates on home mortages stayed below these ceilings, few problems arose. homeowners got mortgages. lenders got an acceptable rate of return. but then, in the 1970s, inflation drove interest rates up. financial institutions were faced with paying higher interest rates to depositors than they earned through home mortgage loans. baltimore banker douglas dodge explains. in that period of time, interest rates generally were rising, reflecting the value of money really all over the world. the yield available to banks and thrift institutions, insurance companies, who traditionally may have made mortgage loans or purchased mortgage loans, became unattractive relative to other investment alternatives. as economic conditions changed, maryland's banking community began to look elsewhere for investments. money that normally went into home mortgages went shopping for higher returns available from certificates of deposits and large new york money market funds. while this helped the fina

first, everyone in the bay area loves the exporatorium. [ applause ] and second, it is an institution that in its first 43 year has made a big impact in the world. what you see here is the end result of a lot of work by thousands of people. we see this space not just as a new campus, but as a transformative platform from which to multiply our impact, those within the museum and also beyond its walls. it is a great honor for me to represent the entire board along with two chairman ameriti who are both here today, dan casper and bill bos. >> both of who played... [ applause ] both of whom played critical roles in making this happen. over a decade, i'm thrilled to be placing this first ring on our beautiful new bell, this ring represents visionaries and designers, the dreamers, architects and imaginers, of the exporatorium, thank you very much. >> george, thank you very much. please welcome now, dr. dennis bartel the executive director of the exporatorium and truly a driving force behind this remarkable and amazing project. [ applause ] >> wow. what an amazing journey. i know, my chairma