having an irresponsible lender. and of course, germany in the unup to tu run up to the financial crisis was prime example of the irresponsible lender. they were shoving money into the periphery, island, spain, and, as if there was no tomorrow. and -- as a result of course, and, reflected the massive german savings rate. and that unwillingness to invest in it because of the returns, itch they'if they're obtainable there. then they recognize that the -- the periphery was indeed in trouble they repatrioted and put their money either in, in the bad assets either into the ecb, the bank, or into the government, kfw took some, german state bank and german facilities. so, most of the debate is actually between the german taxpayers and original german creditors. germany prefers off to think of it as a fight between the -- the mediterraneans and the virtuous german savor. only a small part of the story. >> we have a minute or two left. i just want to ask you one sort of longer-term question. you spoke earlier about a small fi

now auld bank, unless they are totally irresponsible, and i don't they think are all irresponsible, will have trading desks and their own interest. they don't want rogue tray d traders sitting around jeopardizing, and then we will have -- i'm sure rather detailed controls on their traders and what's important is those controls take account of the fact that no longer should there be proprietary trading and a special desk which i think they understand, and no longer should traders on the market making desk be taking proprietary risk under the disguise of market making. i think that can be identify as a problem by adequate so-called metrics afterwards. you look at the size of the trading, relative to the side of their position and look at volatility, and you look at measures like value at risk and whether there is suitably narrow for trading operation or very broad, which suggests a proprietary trading operation. if you see the tell-tale signs, there is no question the regulator ought to get in there, supervisor ought to get in there and raise questions. raise questions with the board of di

and look at how dry it is with overcast conditions. 83 picture irresponsible that we could see light showers. a dreary picture from the roof cam, a very ominous. sure. over san francisco the satellite and radar showing showers pushing through. we could see light rain and not detected by the rain fall under the scope. that could be the case for this evening. the radar not picking it up. a spotty pattern to the north. most of this will be to the north. improving conditions and

allowing america to default on debt would be irresponsible, but it would be more irresponsible to raise the debt ceiling without taking drastic steps to reduce spending and reform the budget process. we should welcome the debt limit. it is an action-forcing event. i put forward the printable we should not raise the debt ceiling without spending cuts and reforms that exceed the amount of the debt limit increase. from all the way in manhattan i could feel the gnashing of teeth. i was asking if i would yield on my position. each time i said no, because it is not a position. it is of principle, not just that it is the right thing to do. it is the right thing to do. the debt limit increase is the only avenue i seek to force the country to solve its imbalance. if that means we need stop balance, so be it, but let's start solving the problem, and let's start solving it today. just so we are clear, i am talking about real cuts and real reforms. last year in my negotiations, the president has put a number of gimmicks on the table. there are a lot of things like counting money that is not going t

finally, it is with much sadness that i announce one of the most compassionate and irresponsible facilities will have to relocate as a result of federal interference. the committee will suffer without them and i am legitimately worried about public safety in that area once they are closed. my district maps show that there will be no access if the federal government continues down this very irresponsible path. every one of the dispensaries in district 5 is in proximity to the park. i hope a that thevapo vapor roo finds a new home immediately. [applause] >>

finally, it is with much sadness that i announce one of the most compassionate and irresponsible facilities will have to relocate as a result of federal interference. the committee will suffer without them and i am legitimately worried about public safety in that area once they are closed. my district maps show that there will be no access if the federal government continues down this very irresponsible path. every one of the dispensaries in district 5 is in proximity to the park. i hope a that thevapo vapor roo finds a new home immediately. [applause] >> thank you, supervisor olague. and to the city of san francisco. it has been an honor to serve the residents for over eight years. we are facing serious challenges, but we hope to recover. president chiu: our final commendation will be by supervisor farrell. supervisor farrell: i have the honor of three commendations today. as we all know, we have the highest performing urban public school district in the ste

for anyone to suggest that we should tared that down and be irresponsible to generations of people who dependent on this innovation that occurred hundreds of years ago is to be irresponsible to our whole city. [applause] so i will tell you today, we will protect that dam. we will protect that innovation, and we will do it in the spirit that all of our and the raiders are today, that our spirit is rich enough to help everybody to make sure that we reflect everybody's lives. this trends assistant touches all of people's lives, whether you are a struggling immigrant, a small business, or the largest business in san francisco. it touches everybody's lives, and she knew it when she was supervisor when she declared transit first. she continues to help us in so many ways. she has been my mentor, and she has been a continuing to be a great representative of our city. if i may welcome to the podium, our senator, senator feinstein. [applause] >> thank you. thank you. thank you very much. thank you very much. thank you. thank you. thank you. well, it is always nice to come home and get one good r

, i was young and irresponsible. i don't think that explanation would sit today. do you? >> better than the one that romney gave. >> well, there is a difference -- to some people there is a difference between something, you know, somebody does to themselves and something, you know, a physical act somebody does to somebody else. >> absolutely. >> right. >> totally agree. >> i don't think -- again, i go back and my point is that the actual what he did is abhorrent and people's lives, but people 50 years ago in high school, i think -- i just think the response is illustrative of something not very good. that's what i take away from it. >> i think it is the response you give when you don't believe the story. >> or when you want to end the story. one or the other. >> yeah, that too. >> eric, james, gloria, thank you. >> sure. >>> also today, mitt romney talked more about his views on same-sex adoption and for a candidate who gets dinged by his opponent for flip-flopping this probably won't help. listen to what he said in

> guest: i think is one is more irresponsible than anything. we have to stop spending money we don't have. we are headed down a path like greece and like many countries in europe. we've got to stop spending money we don't have and to raise the debt ceiling without a responsible cutting spending plan and a prodigious growth economic agenda which needs to be a factor, we will continue down ipad that is unsustainable for this country and quite frankly is irresponsible of him to suggest we just raise the debt ceiling. i would say what is the plan? you raise the debt ceiling and continued to amassed debts? we continue to bar afford to 2 cents on every dollar we spend? that is irresponsible host:: this is your first term. she represents new york boss 25th district. as you look at your first term in congress and the this lame duck session, sequestration is on the table. there will be automatic spending cuts that kick in and taxation issues. what are you doing to lay the ground -- robert for the lame- duck session? what do you think about sequestration

> allowing the debt ceiling to go up without addressing our fiscal challenge would be the most irresponsible thing i could do. >> reporter: last year's debt battle was contentious. among them, a deal nearly reached at a golf summit between president obama and speaker boehner fell apart. senate majority leader harry reid says it's time for republicans to work with democrats. >> american people have had enough of this brinksmanship. they want us to get things done. >> reporter: today's arguments are the same ones that faced congress then. republicans want deep cuts in spending. democrats want higher taxes for and speaker boehner is also promising there will be a vote on renewing the bush tax cuts that expire at the end. year. >> susan mcginnis in washington, thank you. >>> the fbi is now reportedly looking into the $2 billion trading loss at jpmorgan chase. the securities and exchange commission and federal reserve have already opened inquiry, and ceo jamie dimon survived a meeting with shareholders yesterday. anthony mason has more on that. >> reporter: security was tight around jpmorgan's ta

chairman, i find that to be irresponsible given the committee and station in life that each of us is in in this room. with that i would hope my colleagues would defeat this amendment and that we would move forward with the markup. >> gentleman yields back. chairman now recognizes the gentleman from california for five minutes. >> i thank you, mr. chairman. it's been said by most everybody here that, everyone on this committee shares a common goal of protecting the united states from a missile attack and any other attack. and i think that's really true. i don't think there is any doubt that we all share that -- that mission. the question here, in this amendment, is how are we going to spend our money. will we spend it wisely that would allow the necessary research and development of a system that presently doesn't work really well and doesn't have capability to achieve its stated goal. and instead of putting an extraordinary amount of money and appropriating it, or making it available for appropriation, this amendment simply says, come it back. spend the money that you need to spend i

now all bans unless they're totally irresponsible, i don't think these big banks are totally irresponsible will have strong controls on their trading desks. they don't want rogue traders sitting around jeopardizing billions of dollars of their capital. they will have i'm sure rather detailed controls on their traders. and what's important is that those controls take account of the fact that no longer should there be proprietary trading in a special proprietary desk. and no longer should the traders on the market making desk be taking proprietary risks under the disguise of market making. i think that can be identified as a problem by adequate so-called metrics afterwards. you look at the size of the trading relative to the size to have position, you look at the volatility, you look at measures like value at risk and whether they are narrow for a trading operation or very broad, which suggests a proprietary trading operation. if you see those telltale sign there's no question the regulator ought to get in there to supervisor it. or to go in there and raise questions with the board of direct

bush was despicable in putting us in a war and for the fiscal irresponsibility that his administration demonstrated, i'll venture a guess that your guess today will not say, admit that obama's behavior by sending our troops into other countries and the fiscal irresponsibility of his administration is also despicable. >> fred's making assumptions about us that simply aren't accurate. our judgments about filibuster reform are designed to imply to both parties, whichever party happens to be in the majority. we don't do away with it, but we, in our recommendations, put the burden on those who would insist on denying the ability to bring a nomination or a piece of legislation to the floor and kill it. so safety valve for major issues ought to be retained in the senate, and if -- if republicans control the government and the sort of beneficiaries of then of a reformed filibuster, that's just fine. i think the system will be working better. as far as the euphemisms that exist, yeah, we do say cut the rate of increase, because increases happen in budgets as the population grows, as inflation w

facing these record $1.3 trillion deficit is because president bush was by far the most fiscally irresponsible president ever? let's have a quick review. when president clinton came into office he inherited 293 billion raise taxes and left a record $5.6 trillion project that surplus and president bush squandered the entire surplus with $2 trillion of irresponsible budget busting tax cut into unpaid wars, even a staunch conservative like joe scarborough concedes president bush has the worst fiscal track record of any president. did you vote for president bush? would you agree? >> guest: let's get a response from our guests. >> guest: if i like clinton or bush, the clinton batter. i think you're missing the point here, and a tea party again is not republican. i personally don't consider myself to be a republican. i think most are independent. some are republican because they are conservatives and republican is more likely conservatives and then the democrat party at this moment in history. i am not here to defend the republican party and neither is tea party movement. i think you are confusing t

economic irresponsibly and inflicted harm on the u.s. economy, announces his -- >> i think it's outrageous to use the debt ceiling as leverage in a budget fight. it came out terribly last year. republicans never did this before. they never did it under a republican president. democrats might cast some votes against the debt skreelen under a republican president but they never threatened our country's credit. the one political problem for the president is while this is all on speaker boehner and it may hurt his party a little bit, the creation of chaos in washington and the appearance that we are ungovernable or we can't govern ourselves ends up smacking the president back indirectly, even if he has no responsibility for this. i don't know if barren did this, whether it's to create peace within his party or create roils. >> they weren't exactly sitting around singing songs. let me play that for you real quick. >> i haven't heard kumbaya in so long i wouldn't even recognize it around here. >> i had to get that short little bite in here, su

in thh unusuaa traffic stop are stunned by it. 3((that's just unbelievaale, parents to be that irresponsible, eepecially witt tteir children. )) ))torres has a history f &pdrinking... including four prior arrests.the 10-year-oldd the daily white house ress - monday when a reporter collapse. collapses."to... just one secon" second." press sscretary jaa carney stops the briefing for radio personality les kinsslving. as some reportees look oo... others nnar knisolving help him get back on his feet.kinsolling then made it leer he wouldn't be the lead news story. carney says: "lester, are you okay?"kinsolving says: "i'm fine, i ust have one other repprters) carney says: "you're good! someonn get him a seat please, if you could?" insolving... wwo's in &pradio talk how in baltimore. rapper andre 3-thousand is set to star in an upcoming film... aboot the life of jimi heedrixx com... the film isstitled "all is by my side"... and it will focus on he time hendrix ssent in england during the fflm is eporreddy in pre- the proodctioo rrght now... in ireland. prommnight...ttrns tragic ... ...aaparently he

exceed even the lifting of the extent to which we lift the debt ceiling is really in the tour irresponsible. let's get serious. >> president and i had a productive talk. never got to where we wanted to get, but we all know this is coming. >> remember the debate over raising the debt limit last summer? it is back in earnest here in washington again today as the speaker of the house reflecting on his meeting yesterday some calling it the hoagie summit as the president bringing sandwiches from a sub shop a few blocks from the white house as he met yesterday with congressional leaders for the first time on camera we heard from the speaker of the house and the democratic leader nancy pelosi and we'll have more on 24ir comments in just a moment. this is hour two of washington today. i am steve scully. thanks for being with us. both receiving the support of at least 70 senators and the nominations of jeremy stein of harvard university, a professor there and jerome powell who served in the george herbert walker bush administration as the under secretary for the treasury department getting the suppo

lazy, irresponsible chasing of momentum. i am many things, a lot of them negative, but lazy and irresponsible, i ain't. i apply the same standards of rigor at this show that i used at my hedge fund, so i rarely recommending stocks straight off the new high list unless there's special circumstances. circumstances i'll talk about later in the show. what i like to do hunting for stocks is wait for something to pull back from the new high list. that's a discount from something that's full priced and good. that's when you would pounce at a retail store, that's when you pounce in my store. the pullback gives you a good lower priced entry point in a stock that's probably got a lot of positives going for it. remember, i'm not telling you to chase momentum. you should always be conscious of price and therefore try to buy on weakness just like you want to sell into strength. i'm throwing in these caveats because i don't want you to look at the new high list tomorrow and just buy something. uh-uh, not going to be like that. poring over

>> yeah. >> obama's plan a stunning act of irresponsibility?nning act of irresponsibility. i have been saying it for years, george w. bush was irresponsibility when he created a program for medicare when it was going bankrupt. barack obama irresponsible when he created it in 2009 and 2010 when he created health care reform. when a politician says i'm going to give 30 million people, 40 million people more health insurance and it's going to save you money. not for free, it's going to save you money. at that point, close the door in his face and lock it. republicans and democrats are preaching free lunch for middle class and upper middle class entitlement holders for decades. it's going to bankrupt this generation, the next generation and the -- our children, memo to our children, you are screwed. politicians today in both parties are being so reckless with entitlement. >> we have tom coburn coming up. >> he's a big difference. exactly. exactly. >> coburn and by the way, coburn and a few senators are actually talking responsibly. >> we'll talk to

that accusation against the governor irresponsible? a growing political controversy. >> we, learn to ignore [ bleep ] >> bill: also a gay activist attacks the bible at a conference for young people. some students walk out. outrage is growing. we'll have the latest. >> caution you are about to enter the no-spin zone. the factor begins right now. >> bill: i'm bill o'reilly. thanks for watching us tonight. president obama, afghanistan, bin laden, that is the subject of the talking points memo. at 4:00 a.m. afghan time. president told the world we remain strong alleys against the war on terror in general. it marks the anniversary of osama bin laden's death. president did a good thing by going into the war zone, showing the world that the u.s. power is firmly intact. it sends a message that america will not tolerated terrorist attacks but most importantly the xhard in chief he rallied the zbloopts time and again they have called to serve in distant and dangerous places. these americans stood tall. they have. >> u.s. and nato forces have don