c-span: who's jules stein? >> guest: jules stein started the music corporation of america, a band-booking agency, in chicago in 1924, in al capone's chicago. and it was from that company that, eventually, wasserman was launched. c-span: because this is a political network, the first thing i want to connect is that katrina vanden heuvel is his granddaughter. >> guest: is jules stein's granddaughter, yes. c-span: and he's with "the nation," and the editor and all that. >> guest: right. c-span: was jules stein -- was a republican. >> guest: a right-wing republican. c-span: well, explain all that connection in the -- and how does -- you know, where does the vanden heuvel come in in all this? >> guest: well, jules had two daughters, jean and susan. and jean is the mother of -- jean stein is the mother of katrina. and jean was always -- her politics were always different than her father's, and it was a source of great friction between then. and -- i mean, jules was very proud of her. she was a very accomplished perso

he looks like his head was attacked by a squid in a jules verne novel. i have hair plugs here.e state of the art. you could not tell. look at biden. who do you want making the call on your plug is? biden would not pass for a ken doll. bill: you are intimating that both mrs. pelosi and the vice president have had cosmetic surgery. >> no, she is a perpetual wind tunnel. bill: on your program, you have had callers on the fox news- white house brouhaha. what is the consensus? >> i do not know about them. there is a sign of bought -- sign on's desk that says "the buck starts here." he trundles out axelrod and rahm emanuel like tweedle dee and twiddle -- tweedle rahm. they're like the jocks that hang the rest of us up in the locker with the nuclear wedgie. what is next? a position paper run who is hotter, betsy or veronica? they are acting like little kids. you have the decade right, you have the wrong president. i look at axelrod and i look at rahm emanuel and rahm emanuel might as well be wearing a brush cut and axelrod should get this--- the stash. he hears too much. he has rabbit

wasserman and i say people because jewel son was the person who gave him and i say two people because jules stein was the person who h

he looks like his head was attacked by the squid in the jules vern novel.00 plus, i have 2500 hair plugs here, you look at them. these were private industry, state of the art plugs, you couldn't tell if i didn't tell you and then look the biden's plug, who do you want making the call on your plugs, biden wouldn't pass for a ken doll. >> hey, joe, what are you doing? >> you are intimating that both mrs. pelosi and the vice-president have had cosmetic surgery? >> no, no, she's just in a perpetual 24/7 wind tunnel. >> bill: on your radio program you've had a lot of calls on the fox news white house brouhaha, so what's the concensus? >> i don't know about them, but i have a feeling there's a sign on barack obama's desk that says the buck starts here. and i love the fact that every week he trundles out axlerod and emanuel like tweedle done and tweedle rob and they go out there and they tweak the nerves i guess and he's like the jock who hangs the rest of us up in our locker with a nuclear wedgy. what's next a position paper on who is hotter betty or veronica, th

in which racial assumptions, that there's a third race that functions if the examination room, not jules the doctor and patient, actually the diagnosis itself as a particular race, so i would like to think of some particular way of addressing that as well, the racial history of the disease and finally the story i've been telling you is also a story about the criminalization of mental illness. people know from human rights watch in the present day, if you live in a psychiatric institution or a state institution, the present day, it's about four to five times to one that you're going to show up in a prison as opposed to a psychiatric care facility. there are many reasons why this of course transformation has taken place, but if you went to somebody in the 1920's, 1930's, 1940's and say we put people with schizophrenia in a prison, they would look at you like you were the crazy person, like no, these are children, we take care of them and tears been this shift towards thinking about schizophrenia as a violent disorder that justifies this particular transformation. so i will stop there. than

while many of these complex products were designed to spread out risk, they've often had jules the opposite effect. -- just the opposite effect. obscuring where and to what degree that risk was concentrated. regulators and investors need to have a fuller and clearer picture of the risk posed by increasingly complex products. as well as their true value. we should also aim to make more financing products fungible to ensure they can be transferred from one exchange or electronic trading system to another. i believe we need to establish a federally regulated clearly house for derivatives or requiring reporting to a central depository. this will create competitive markets in futures an derivatives, which would benefit investors and the industry as a whole. finally, today's financial markets are global and interconnected. our regulatory regime needs to be as well. the osmoles work with countries across the global to coordinate and synchronize risk. at organize man stanley, we're grateful to everything the federal government and the american taxpayer did to support our industry, and to help bring