world staff are preparing for its final edition this sunday following its announcement to close john dodd who used to work for one of murdoch's newspapers says the media and political circles in the u.k. are too close many of us are calling for a full public inquiry led by a judge and cameron has been dragged to this position he's now willing to let it happen six truly embarrassing for at least part of what's called the chipping condom set which is a rural parts of britain he lives down there at the weekend rebecca brooks lives down there soon colin nish lives down there and there's a whole set you can to make socially that say it was a different set when labor in power would tony blair but all of it is too cozy and too comfortable if you don't have a real democracy you have to have a separation between the press surely. the political establishment and the government of the day you also need to have separation between the judiciary and those two areas in britain and the united kingdom they've become too close over the last thirteen or fourteen years and i believe that last may no ordinary

one is the director of the federal insurance office that was created by dodd-frank and the other is a state regulator john huff from missouri who represents the state regulators so there are really three of us that will be working on insurance issues but the appointed position that i have been nominated for is the only voting member. certainly i would be working in cooperation with the other two members and with all members of fsoc in trying to bring the insurance perspective. now, as far as the question as to whether they are systemic, i think that has to be done on a case-by-case basis. and looking under the hood of each insurance company that may be, you know, looked at to see whether or not they're systemic but i think generally that most people agree and i agree that if a company follows the traditional core model of insurance products and practices, they're likely not to be systemic. however, you don't know that until you see what sort of products they're selling, what interconnectedness there might be with other insurance companies or noninsurance companies or banking institutions. and i think that

john edwards. some surprising characters have actually survived and are in positions of special powers, senator conrad to at this very moment is the chair of the senate budget committee. i love this one. chris doddguy whose name is part of dot-right, the financial reregulation bill that was only necessary because of blew up. this is the best. daniel h. mud, a guy who grew up having to deal with that famous scene, your name is mud. his name actually was mud. also the chairman and ceo of fannie mae. so this is what we libertarians need to watch for. the unholy alliance of governments and corporations. now, to draw the contrast the don't want to give the idea that all corporations are bad, the hero giving the most loving treatment in my book is a fellow named john : the former chairman and ceo the bbc, one of the top dozen banks in the united states ranks by asset size. they're absolutely dominant throughout the 37 states. at here you'll see a deviancy branch, but if you're in alabama and tennessee zero washington dc seven will. ellison bill deviancy, utterly different principles. countrywide blew up in the financial crisis, caused a financial crisis. bbn t totally survived. eight and j.p. morgan w

john edward. some surprising characters who have actually survived and are in positions of special power. senator kent conrad with this very moment is the chair of the senate budget committee. i love this one. chris dodd, the guy whose name is part of.frank, the financial litigation bill was necessary because the stuff blew up. alphonso jackson, secretary of housing and urban development and this is the best. daniel h. mudd, the guy who grew up having to deal with the famous saying your name is mud. he was also the chairman and ceo of fannie mae. so this is what we libertarians need to watch out for. the unholy alliance of government and corporations. now, to draw the contrasts though, i don't want to leave you the idea that all corporations are bad or all bankers are bad just angelo dicillo is. the hero given the most loving treatment in my book is a fellow named john allison. he is the former chairman and ceo of the bmt, one of the top dozen banks in the united states ranked by assets guys. they're absolutely dominant throughout 1370 united states. so out here you won't be a branch. but if you're in mississippi or alabama or washington d.c., you certainly will. allison built bbt i'm utterly differen

john. david massey as the deputy of the securities division of the north carolina department of the secretary of state. >> thank you, secretary geithner. the wall street reforms and investor protection provisions in the dodd-frank act were born out of necessity. the financial crisis made it clear that the existing regulatory landscape required and overall. the formation of the fsoc was an integral part of this overhaul. the work of the fsoc and its members is important to preventing another crisis and restoring investor confidence. investors of all kinds look to their state and federal regulators to protect them from the types of practices that led to the financial crisis. we are committed to working hard to live up to those expectations and to continue to advocate for investors as we work with the other members to carry out the work of the fsoc. thank you. >> thank you, david. marty. >> thank you, mr. secretary. i have been acting chairman for all of a week now so i think i will be restrained in my remarks today, but let me just say, a viewpoint of the dodd-frank act as the creation of the financial stability oversight council. under our previous framework we really didn't have a mechanism with the expli