that background also with the imf is where ken and i first worked together back in 2001. and during that period what we call a this time is different syndrome as a possible way of understanding why we keep having a crisis from the last two years. basically, the premise is simple, it means crisis happens to other people in 10 other places and other times. they do not happen to us. the rules of valuation is the stock market soaring? are we borrowing from the rest of the world? of those rules. normally that would be a red light those rules apply to someone else, but not to us. it is universal. it is universal and it is common. let me begin across time. when we submitted the manuscript to princeton university press for review, peter who we think added knowledge we were lucky enough to get him the excellent device, he sent me a copy of an advertisement for standard statistics that said we don't have to invest in the bubble anymore we're not the unsophisticated mass of the south's the bubble of the early 1800's we have statistical analysis was was an advertisement based from ne

i share with the senate exactly what ken wrote me." i'm very frustrated because it seems my only hope is that i die very soon. i can't afford to stay alive." end of quote. that's why this bill will expand medicaid to cover people like ken from mesquite, nevada. we're caught in the middle. i'm voting yes, because when someone tells me his only hope is to die, i think we have to take a close look at that. i can't look away. i cannot possibly do nothing. a man by the name of mike tracy lives in north las vegas, nevada. his 26-year-old son has been an insulin-dependent diabetic since he was a baby. the insurance mike's son gets through work won't cover his treatments and the tracys can't afford to buy insurance on their own. but their problems are about more than money. since they couldn't afford to treat his diabetes, it developed into a disease called addison's disease, which of course they can't afford to treat either. this disease can be fatal. this is what mike wrote me two weeks ago. again i quote. "i don't know what to pray for firs

ken? >> well, it's a judgment call. and that is part of the most delicate of what a solicitor general is called upon to do when he or she is part of the executive branch and the executive powers vested article 2 section 1 in a position of the united states. and the president has very strong views of those who would advise the president on a particular subject. and it nonetheless calls for, it seems to me, prudence and caution, is this particular vehicle one that we want to be involved in? the issue is you use the examples that are so divisive of abortion and school prayer. and a fundamental area of philosophy i would say the solicitor general's office should be there. there is a development of the law in front abortion substantive due process. that's an extremely important part of the court's work. and so what the court does in a particular case is going to shape one of the most important dimensions of our civic life together. ditto for the establishment clause. the united states is deeply concerned regardless of who th

[applause] >> ken auletta is a columnist for the new yorker. he is the author "greed and glory on wall street" and appears regularly as a tv commentator. in 2000 duly received a national magazine award for one of his new yorker columns featuring ted turner. find out more. visit ken auletta.com. >> other ann coulter, we are a year into the obama administration. grade it. >> i would say worse than carter on foreign policy and worsen clinton on domestic policy, so other than that i think he is doing a great job. >> in what way were some president carter? >> i now understand the look on my father's face when carter was president. everything obama does is the wrong thing to do. you don't know what is going to happen but he is pouring gasoline all over the world, in russia, in iran, in iraq and afghanistan, and china, and where the match will be lit we don't nowhere it is going to be but you can count on obama to do the wrong thing. every president is basically living off the foreign policy of his predecessor for the first year so right now we are st

ken lewis testified that no one in the government did anything improper doing this transaction.a to go through with the deal, they are turning a blind eye to the facts we have before us. over the course of this eight month investigation, the committee has held five hearings, received extensive testimony from top executives at bank of america, and senior government officials conducted numerous interviews issued -- and issued two subpoenas for federal records and reviewed nearly half a million documents. public scrutiny and oversight by this committee has produced tangible results. two days ago, bank of america paid back its entire $45 billion loan plus interest. under pressure from the committee, bank of america agreed in september to pay $425 million to the treasury department in compensation for toxic accident insurance the bank received but never paid for. somour investigatorinvestigatiod in the taxpayer receiving $475 billion. every member of this committee should be proud of our efforts and i take the time to salute you for your hard work that has been great to get to this p

ken manning, this black guy assured them that actually there are in boston also. >> and in fact, ken manning because he had become friendly with this family of a jewish pediatrician in north haven connecticut whose mother lived in brookline, he made sure that ben bernanke went to rosh hashanah services is first year in hard and took him to brookline for rosh hashanah dinner. bernanke told his parents have always been upset that can mannings down more meaning and judaism than he did. [laughter] >> but it turned out all right for both of them. bernanke goes to harvard. he gets a phd in economics, mit. is a shy, introverted guy. a fan of baseball statistics which seems to be a habit of central bankers. alan greenspan has the same fascination. he becomes the economic equivalent of a paleontologist. he spent his academic career trying to figure out how was it that otherwise smart people at the federal reserve in the '20s and 30s did such a lousy job and let us to the great depression. and it was a fascinating intellectual study, with, he thought, not much relevance today. you fast-forward

the reliance on council defense asserted by ken luis raises the broader question.te management to rely on the ad vice of council defense and then allju the council to avoid liability for their advice? investing public and now this congressman wants to know. where as thqscb. as of yet, we don't know. >> thank you. new>> thanks for the statement and now five minutes to the ranking member of the subcommittee mr. jordan from the state of ohio. >> thanks for hold together days hearing. i look forward to exploring the role between the two. this committees investigation had important information to the financial crisis. as i said before all the action of the government officials took place in a time of significant uncertainty. . occurred after many of the nation's banks were forced to accept taxpayer money through the t.a.r.p. program. we know in october 2008, from testimony ken lewis gave at first hearing on this issue, that october 2008 meaning mr. paulsen and mr. bernanke and geithner and ms. bair brought the ceos to treasury don't demanding they accept in exchange for

only 12 days later ken lewis, ceo of bank of america, made a call to then secretary of treasury hankaulson initiating a process that led to addses 20 billion bailout of the merge are and a promise of government insurance for losses up to $118 billion. the chronology of events strained belief. was it true that the financial situation at merrill lynch shifted so dramatically in that short amount of time as ken lewis said? or did top management know or should they have known about the deteriorating situation at merrill lynch much earlier? did they fail to make necessary disclosures to shareholders? bank of america would be in legal jeopardy if it failed to disclose information to shareholders about large losses at merrill lynch known or knowable before the shareholder vote bp the subcommittee investigation found evidence of possible security laws violations at bank of america. bank of america unreasonably and negligently relied on internal fourth quarter '08 forecast created by merrill lynch that omitted any forecast of how the cdo, cds and other toxic assets would perform during the qu

host: we are talking areken walshwith ken walsh.ou wrote in the article we referred to earlier about the retreat of various presidents. you wrote about washington and jefferson, saying they got away to their virginia plantation's four weeks at a time. abraham lincoln lived at the soldiers home, a resident for injured union troops during the civil war and four 1/4 of his presidency, committed 3 miles to the white house. every summer from 1902-1908, theodore roosevelt moved the functions of the executive branch to his family estate at sagamore hill, new york. these were different times. what was it that these presidents were trying to get away from and how was it that they were able to leave for such an extended period of time. ? guest: in addition to the president's you mentioned, john adams, our second president, went to his home in quincy, mass. for eight months in 1799. that is lost and the president had been away. our presidents get criticized for goofing off for being away from washington for too long. president bush, the sun, t

when ken burns produced his monumental documentary on world war two, we turn to my barnicle to facilitate his conversation with mr. burns. might not only brought out his best, but closely capture the close of the shared sacrifice that defined that era. when assembling this panel, we knew he was the perfect choice to serve as moderator. on behalf of everyone at the library, the institute, and members of the extended kennedy family, we are deeply honored to have you here this evening. we will hear closing words from the new chairman of the library foundation board, kenneth feinberg. he is a former chief of staff for senator kennedy. he currently serves as special master for tarpexecutive compensation. important votes are scheduled this evening, precluding his being with us. the panel discussion will begin following remarks made by mrs. kennedy. a member of the kennedy library foundation board of directors, a dear friend, colleague, and soon to be next door neighbor. [applause] >> thank you very much. did tom mentioned that the book is on sale at the bookstore? senator kennedy wrote about hi

i thank ken feinberg, the chair of the kennedy library foundation, also of the chair of the emk institute. if you will indulge me just a moment, i would like to say a special word of thanks to tom putnam, the director of the jfk library. also to everyone here at the library and library foundation who were so helpful to me and to all our family last august. on very short notice, they did the impossible, helping us to prepare the way for the people of the commonwealth to come here to pay their respects to ted. fet thousand people came through the library last august -- 50,000 people came through the library, and it would not have been possible without their tireless efforts. thank you so much. [applause] i would also like to say a brief word about the edward m. kennedy institute for the united states senate. ted love to the senate. he called it one of our forefathers most brilliant democratic conventions. about seven years ago, ted and i started talking about the idea of a living institution to educate and inform generations of americans about the critical role of the senate in our democrac

i thank ken feinberg, the chair of the kennedy library foundation, also of the chair of the emk institute. if you will indulge me just a moment, i would like to say a special word of thanks to tom putnam, the director of the jfk library. also to everyone here at the library and library foundation who were so helpful to me and to all our family last august. on very short notice, they did the impossible, helping us to prepare the way for the people of the commonwealth to come here to pay their respects to ted. fet thousand people came through the library last august -- 50,000 people came through the library, and it would not have been possible without their tireless efforts. thank you so much. [applause] i would also like to say a brief word about the edward m. kennedy institute for the united states senate. ted love to the senate. he called it one of our forefathers most brilliant democratic conventions. about seven years ago, ted and i started talking about the idea of a living institution to educate and inform generations of americans about the critical role of the senate in our democrac

when ken burns produced his monumental documentary on world war two, we turn to my barnicle to facilitate his conversation with mr. vernes. -- mr. burns. might not only brought out his best, but closely capture the close of the shared sacrifice that defined that era. when assembling this panel, we knew he was the perfect choice to serve as moderator. on behalf of everyone at the library, the institute, and members of the extended can be -- extended kennedy family, we are deeply honored to have you here this evening. we will hear closing words from the new chairman of the library foundation board, kenneth feinberg. he is a former chief of staff for senator kennedy. he currently serves as special master for carpet executive compensation -- tarkentop 8- compensation. important votes are scheduled this evening, precluding his being with us. the panel discussion will begin following remarks made by mrs. kennedy. a member of the kennedy library foundation board of directors, a dear friend, colleague, and soon to be next door neighbor. [applause] >> thank you very much. it is mentioned in the bo

nobel laureate ken arrow is a living legend at this gathering. >> the question we're asking everyone is why didn't you warn us. >> exactly. well, i feel a little responsible in a way that i should have. we just assumed if we knew it, so did the people, the smart people that had no reason to distrust their intelligence in the investment banks so we took it for granted, these people protect themselves. we were wrong, obviously. >> but time to go back to our tour, and on next stop, north beach, among other things, san francisco's puppy paradise. >> people are driven by their animal spirit. >> schiller and ackeroff have written a new book about animal smirts, the words of england's john maynard keynes which we love using in our pieces for the visuals. to these economists, animal spirits are the key to both the crash and our failure to anticipate it. they're the emotions that actually animate an economy like trust and confidence. >> down, please. >> reporter: and they tend to ebb and flow for better and worse. >> the basic problem, i would say, is that we became overconfident and then we

i think that what struck me was how -- my friend ken bacon, the late ken bacon, former pentagon spokesman, read my manuscript as it was being produced to give me some guidance and counsel along the way. and he described polk as a smaller than life figure with larger than life ambitions, and i loved that phrase, and i got it into the book. and i think what struck me about polk is i didn't really understand who he was in terms of his temperament and his personality. a man so limited in so many ways could be so successful as a president. >> you've had some pretty good reviews. >> i have received some good reviews. >> i wondered how much of -- some of them -- i mean david sherman gave you a good review in pittsburgh, but didn't you all -- did you all work together at the "wall street journal?" >> i knew david. we were competitors when he was with the new york times, and later we were colleagues at the wall street journal, yes. >> i just wondered how much of a, you know, well, the one -- the major one in the new york times book review, is sean wilentz. did you know him? >> never met him, no. i

a 1% chance the house is burning down, you want a sprinkle system in the house. >> we talked about ken caldeira. this is, it is a very controversial situation among climate scientist at you can imagine a scenario in which we know that carbon dioxide is warming the earth. we just know that. you create this shield made of the particles. and china says that was a close one. fire up some more coal plants. overtime you in the padding and situation to which humans have to do more and more manipulation of the planetary climate in order to handle what has been known to do carbonates o-ring buildup of an almond of very, very long life until death. so if you have that scenario happen, you do end up in a situation. i want to read something from the beginning of your book. one of the most powerful laws in the universe is the law of an intended consequence. so a lot of the scientist, what they would say to you, is that there just isn't that sort of work in theory but it is very dangerous to do this. we have had sort of to some degree a natural expert. we know when there is morbid, hotter, it would

speak with clark kent ervin, henry farrell, and a look at the president vacationing in hawaii with ken walsh. >> a rare clips into america's highest court threw unprecedented conversation with 10 supreme court justices about the accord, their work. five days of interviews with supreme court justices starting on monday on c-span. get your own copy of the supreme court on dvd as part of c-span's american icon program. one of the many items available as c-span do.org/store. >> the center section. it is the primary entrance. it is where presidents arrive and depart from. blair house is on the inside block. 1 we 109 room, 70,000 square feet. to put into perspective, we have 5000 square feet larger in the white house is. >> the primary mission is to be a guest home for world leaders to come here. it is used for that purpose. it has never failed. >> since 1942, just about any world leader you can think of has a walk through this door. this is the same marble floor the have walked across. -- they have walked across. >> it is easy to look at it and say this is a wonderful home or beautiful muse

i think what struck me was my friend ken bacon read my manuscript as it was being produced to give med counsel along the way and he describes him as a smaller than ambitions. i love that phrase. i think what struck me about him is that i did not really understand who he was in terms of his temperament and personality. adman so limited in so many ways could be so successful as a president. >> you have a pretty good reviews. -- you have gotten some pretty good reviews. >> i knew david. uighur competitors. > -- we were competitors. >> did you know shaun williams? >> i never met him. i knew his reputation. i was very pleased to get good words from him. >> key said this is a refreshing challenge to the new conventional wisdom. he was an impressionisn ambition is. >> i believe that worldthe dream really exploded on the american scene. there had never really been a country that dominated and the entire continent and positioned itself to dominate to oceanwo o. houlihan at the louisiana purchase. now texas moving towards the pacific. we had an opportunity to get an exception gephar significant

well, didn't ken burns just have a special that told us that if you go into a national park today, its because of theodore roosevelt back in the 19th century? yes. the problem in world war ii was japanese expansion. the first step was korea. the first step was annointed, approved and encouraged by theodore roosevelt. every divorce has to have a first kiss. the secret treaty and the summer of 1905 was the match that with the dynamite that would later send my father out there to the pacific. i was so surprised to in my research as i went from hawaii to japan, the philippines, to china and korea by all the hidden history at was able to find and i wondered why i was not, why i hadn't learned it before. the "new york times" in redoing "the imperial cruise" gave one explanation why we are learning so many shocking facts in this book. they say-- this is the "new york times" said theodore roosevelt biographers are choosing to ignore many of these facts because they subscribe to certain orthodoxies. i don't know exactly what those orthodoxies are. i have to be finding out in the next few weeks

. >> we will talk with clark kent irvin, henry farrell, and ken walsh. "washington journal" starts at 7:00 a.m. eastern on c-span. no available is c-span's book "abraham lincoln, great american historians on our 16th president. it is in hardcover at your favorite bookseller and now in digital audio to listen to any time, available where digital audio is sold. >> author of williame eggers spoken sentences go about his book. this is just over an hour. >> it is wonderful to be here in beautiful sunny california. a lot of my cousins are here. it really means a lot to me. we can put a man on the moon. how many times have you heard that phrase. if we can put a man on the moon, why can we not hear homelessness. if we can put a man on the moon, why can we not fixed schools. if we can put a man on the moon, why can we not make killer robot police? >> before this decade is out, landing a man on the moon and returning him safely to the earth. no project will be more impressive to mankind or more important for the long-range exploration of space. >> john o'leary, my

and ken oletta on how google became a media giant. "book tv" on c-span 2.e lawyer on the indian trust case. for those who have not heard about this, can you talk about what was going on? guest: we brought the case in 14 years ago about the mismanagement of the trust fund that was held for the united states for about 500,000 individual indians across the united states. and after 14 years of litigation, we have agreed to a settlement with the united states, worth $3.4 billion. host: why are you selling right now? guest: we have been positioned to settle this case for a very long time. we thought it would be good to get this behind the parties and be able to set up a foundation for a productive future. what happened is we have a new administration, and they have generated some leadership. the president, during the campaign, said he would try to resolve these cases. they made it clear that this would be a priority. we were able to sit down together. i was not the most optimistic person in the beginning, but after many months of negotiation, we were able to find

when ken burns produced his monumental documentary on world war two, we turn to my barnicle to facilitate his conversation with mr. burns. might not only brought out his best, but closely capture the close of the shared sacrifice that defined that era. when assembling this panel, we knew he was the perfect choice to serve as moderator. on behalf of everyone at the library, the institute, and members of the extended kennedy family, we are deeply honored to have you here this evening. we will hear closing words from the new chairman of the library foundation board, kenneth feinberg. he is a former chief of staff for senator kennedy. he currently serves as special master for tarpexecutive compensation. important votes are scheduled this evening, precluding his being with us. the panel discussion will begin following remarks made by mrs. kennedy. a member of the kennedy library foundation board of directors, a dear friend, colleague, and soon to be next door neighbor. [applause] >> thank you very much. did tom mentioned that the book is on sale at the bookstore? senator kennedy wrote about hi

host: we are talking areken walshwith ken walsh. wrote in the article we referred to earlier about the retreat of various presidents. you wrote about washington and jefferson, saying they got away to their virginia plantation's four weeks at a time. abraham lincoln lived at the soldiers home, a resident for injured union troops during the civil war and four 1/4 of his presidency, committed 3 miles to the white house. every summer from 1902-1908, theodore roosevelt moved the functions of the executive branch to his family estate at sagamore hill, new york. these were different times. what was it that these presidents were trying to get away from and how was it that they were able to leave for such an extended period of time. ? guest: in addition to the president's you mentioned, john adams, our second president, went to his home in quincy, mass. for eight months in 1799. that is lost and the president had been away. our presidents get criticized for goofing off for being away from washington for too long. president bush, the sun, the

there are a lot of ways that the initiative can win -- ken lynde -- can in the disaster. -- ended inaster. this is when it goes through the legislature and recall that start date. that is because like the science fiction series, when you walk through the political star gate, a u.s. central travel forms -- from one universe to another universe which is a democratic universe there must be competent implementation and the initiative must generate its desired result. we used to this map and discovered that by simply visualizing it, helped visualize the problems. consultants are often called in when an initiative is in the ditch and the need to get it out of it. i am also a bit of a pessimist. this map, while technically correct, it really does not reflect the real world that i see every day. i tend to look at all the possible problems to success. the potential for failure lurks everywhere. any time you do a major government initiative. we identified seven hidden pitfalls which are the seven deadly traps on this journey to success. we're not going to go through all seven of the traps toda

ken hansen from mess quit, nevada wrote to me.rt problems and parts of his feet have been amputated. he can't go to the doctor because he can't afford private insurance and can't qualify for medicaid. i share with the senate exactly what ken wroted. i'm fraus straightened because my only hope is that idea soon. i can't afford to stay a live. end of quote. that's why this bill will expand to cover people like ken from nevada. caught in the middle. i'm voting yes because when someone tells me his only hope is to die. we have to take a close look at that. i can't look away. i cannot possibly do nothing. man by the name of mike tracy lives in north las vegas, nevada. his son has been an independent diabetic since he was a baby. his insurance from work won't cover his treatments. his families are more than just about money. since they could about ford to treat they're son's diabetes it developed into a disease called ats ons and they can't afford to treat it either. this can be fatal. mike wrote be two weeks ago i quote, i don't know w

henry tarel at george washington university discusses different and the obama's family vacation with ken walsh and previous presidents vacations all ahead on "washington journal". . . host: want to talk about who getsjñ on these watch lists on airplanes. we want to find out your opinions and your thoughts. you can also send an e-mail at journal@cspan.org. here is the headline in the newspaper. yesterday's airplane landed at the detroit metro airport after a nigerian men allegedly tried to ignite explosives. the suspects leg was burned and he was subdued by passengers and already it is being discussed by members of the administration as well as members of congress. this is the lead story in the detroit free press, nigerian man is accused of trying to blow airliner. -- blow up an airliner. they have identified the suspect. he is a 23-year-old nigerian national. it was unclear friday why he allegedly wanted to attack the flight already from amsterdam. passengers subdued him as he allegedly tried to detonate a -- an explosive device that failed. it was unclear how the man identified by feder

there are a lot of ways that the initiative can win -- ken lynde -- can in the disaster. -- ended inaster. this is when it goes through the legislature and recall that start date. that is because like the science fiction series, when you walk through the political star gate, a u.s. central travel forms -- from one universe to another universe which is a democratic universe there must be competent implementation and the initiative must generate its desired result. we used to this map and discovered that by simply visualizing it, helped visualize the problems. consultants are often called in when an initiative is in the ditch and the need to get it out of it. i am also a bit of a pessimist. this map, while technically correct, it really does not reflect the real world that i see every day. i tend to look at all the possible problems to success. the potential for failure lurks everywhere. any time you do a major government initiative. we identified seven hidden pitfalls which are the seven deadly traps on this journey to success. we're not going to go through all seven of the traps toda

ken wrote for me from mesquite, nev., a border town. heart problems and parts of his feet have been amputated. he cannot go to the doctor because he makes too much to qualify for medicaid into little for private insurance. i share with the senate what he wrote me. "i am very frustrated because it seems my only hope is that i very soon. i cannot afford to stay alive. that is the end of the quote. that is what this bill will expand medicaid to cover people like ken from nevada who are caught in the middle. i am voting yes because when someone tells me his only hope is to die, that means we have to take a close look at that. i cannot look away. i cannot possibly do nothing. a man by the name of mike lives in eastern nevada. his 26-year-old son has been insulin dependent in bed since he was a baby. the insurance his sentence for work will not cover his treatments. they cannot afford to buy more insurance. his and his troubles are more than just about money. they cannot afford to treat their sons diabetes, so it develop into another disease

because ken livingston knew it could have a tragic ending.s the mayor himself put it, nothing in public life has turned out better than i hoped for until now. now, this brings us to the last phase of the journey that we're going to talk about tonight, and that's the results phase. so that means we're near the ends of the speech. now, recall the greek myth about sisyphus pushing a rock up a hill. those who work in government know -- and there's some of you over there -- you know the public sector hill is really tough. i've worked in government. the private sector, the non-profit sector, and the hill is steeper in the profit sector. i mean in the public sector, because you've got these invisible forces, politics, culture, incentives, that make it uniquely challenging. now, the sisyphus myth and the trap tells us they are heavily dependent on the people who are actually trying to get big things done, and to succeed actually requires having people who are deeply, deeply skilled at navigating the public sector terrain. now, i like to think of thes

. >> larry: the age old question, ken haroldson was a great baseball player and terrific golfer. he's shoot in the 60s and played doral great, so he decides on the pro tour and gets wiped out. what happened? it's still the same club, the same ball. what happened? >> sometimes there's a mental block up there. if you can't get over the fact of where you are now and still relax and go ahead and let it flow from you, then sometimes you're going to have some problems. >> larry: so in other words, it's easy when the competition is just a baseball player playing golf, but it affects you if its nicklaus? >> exactly. sometimes people get caught up on who they're playing rather than playing the golf course. >> larry: what's it feel like to play with legends? >> it's a great feeling. i'll tell you a great story. i think it was my last masters as an amateur, so i was 18. i played -- i was 20. i played with around palmer and jack nicklaus on wednesday of the masters, played all day, and then was fortunate enough to go out there in the par 3 contest and continue playing with them for another 9

now when i asked ken lewis about this at our first hearing, he told us he relied on advice of counsel. protecting shareholders is often in the final instance the responsibility of corporate general counsels and theirout side counsel. the subcommittee's investigative findings demand the question where were the lawyers? the glaring omissions and inaccurate financial data in the critical november 12th forecast, so obvious that they should have alerted the attorneys to the necessity of a reasonable investigation before making a decision on bank of america's legal duties to disclose. the apparent fact they did not mount such an investigation makes the decision not to disclose merrill's losses to shareholders an egregious violation of securities laws. mr. khuzami, in march, gao issued a scathing report on the effect of christopher cox's leadership of the s.e.c. in reducing corporate penalties and formal investigations at exactly the time that the cdos and cdss were proliferating to chairman shapiro's credit, she rescinded a cox policy and appointed you to reinvigorate the enforcement divisi

woodruff: is that the balance that ken petrou was ju describing? i think as you grow your institution ifhat was the only thinghat was going on in your ecomy, your economy wouldo that. noifferent than if you were a nker outside detroit michigan not surprising th you're probably concentring on peoe who build things in the car instry. >> woodruff:aren petrou, if that'shat's going on, if you do have cleay some banks doing well but otherin hot water, what ithe remedy here? the white house is sing, lend more. we'd le to see the regulatory agencielean on you little less. >> it's a balancing act,s i id. it's important to remember that banking isn't le any other buness because we back it wh the fdic and with other supports through t federal reserve. so when bas take risks we as tax payers te risks alon with the rt of the economy. and the present, i think, recognizes that to courage more lending needs tbe very carefulldone so that banks don't go o too far and expose themsels to losses which they can't absorb. >> woodruff: is thatomething that a bank like you

the national parks which you saw with the ken burns documentary, you know, are an important part of ourage but a very small part of the public land domain. they are a fraction of what the forest service is. so that's why i feel absolutely in awe of roosevelt and pinchot himself who has, i think, gotten kind of a bad rap over the year, he is always juxtaposed against john mire the third of the founding americans of the american conservation. well, let me say one thing for a minute here. mire was pinchot's. he lived with a goes like the love of his life died with pinchot was 28 and he couldn't accept her loss. so he claims the spirit appeared to him of his dead lover and he claims that he was sealed to her. this didn't come out until a few years ago. it was the best kept secret about pinchot's life. -- this is the top advisor of the president of the united states and he claimed he had his spirit wife with him many times when he was dining with roosevelt. he would read to this ghost at night. he would tell her about his day. he would run his speeches by her. so he's a very strange guy. you

but atchison and ken and most of the people of their generation didn't believe that colonial people couldise a finger in their own defense or cause major problems. racial discrimination or racial prejudice was sometimes also involved with this. it was something entirely new in the world that you would have a 30 years war from 1945 to 75 that was fundamentally an anti-imperial war when all was said and done. anyway, one's crital ball from the stand point of atchison or kenen would have been predictive of the containment of the soviet union and they would have been flabbergasted if someone told them you would fight two major washes in korea and vietnam, you would have a stalemate in one and lose the other. so the sense that i try to develop in my paper, the level of assumptions, just didn't pay attention to so many millions of people who were at that time in colonies trying to get out from under them. a number of other points i wanted to make, but i see i have about four minutes left. my analysis of september 11th can be announced very briefly. i more or less agree with john mueller that we

ntor and prosenjak are just two examplesf what ken coors lls the worst small business crisis in american htory. coors is a retired longte all businessman who voluntee with score, the rvice corps of retired executives. the organization prodes business adve to people like kantor. the banks are, are not maki loans of course and theyre reducing credit nes, they're maki, they're making life miserae for, for good solid companies that are in toh tis. rember we're saving the banks, we'rsaving the car companies, we're ving the insurance companies, these little peop under the radar,hey're not politil, they don't, can't hire lobbyists, they're ju, they're tryingo do the best th can and were not helping them. can but we're not. >> reporter: the $78billion stimulusill included a number of programs designed to t small business through the receion. one of thewas the $255 million "america's recovery capitaloan prram" or arc. it offers up to 3500 government guaraeed loans to iable small businesses suffering immediate finaial hardsh." karen mills is the sba adnistrator. >>o far we've done about 4,500 of t

pride of brockton, massachusetts, and the scourge of corporate america, america's favorite pay czar, ken feinberg. [applause] >> thank you all. thank you all very much. just before we conclude, i want to thank all of you for being here. i want to thank my friend who's here this evening representing the senate, kennedy senate institute. i also want to acknowledge the absence, but his shadow is all over this place, the man i replaced, junior senator paul kirk, whose shoes, as the new chairman of the foundation board, i could never fill. i'll just do the best that i can. i also want to express what an honor it is for me to serve as the chairman of the foundation and to have as my first public appearance being here today at this forum discussing my former boss, my friend, my mentor, senator kennedy. it is an extreme honor for me as chairman to spend my first official visit to the library as chairman at a public event honoring this great, great man. i also want to remind all of you -- as if you needed any reminding -- that this forum today is very, very memorable. i don't know when we'll be a

ken sentimental value rescue bad gift-giving? so i'm talking about a situation where the river goes out and spends $50 on a sweater but let's say the sweater is only worth $30 to you not counting sentimental value but just as a sweater the most he would be willing to pay is 30. so far that sounds like value destruction because one could have spent 50 on one's self and bought something at least worth 50 by you might say wait a minute, the giver get pleasure out of this and the giver gets $30 worth of pleasure out of giving the gift then that's for 30 plus 30 is 60 that's bigger than 50 maybe this is the value creating activities and stop complaining, mr. waldfogel. my response is if the giver also got to enjoyment out of giving the recipe and something the recipient actually liked and we could have created more value if it ever gets $30 worth of value out of giving something and the recipient got 55 worth of value than the total value would be 30 plus 55 come 85 as opposed to 60 so compared to getting something the recipe and actu

pride of brockton, massachusetts, and the scourge of corporate america, america's favorite pay czar, keneinberg. [applause] >> thank you all. thank you all very much. just before we conclude, i want to thank all of you for being here. i want to thank my friend who's here this evening representing the senate, kennedy senate institute. i also want to acknowledge the absence, but his shadow is all over this place, the man i replaced, junior senator paul kirk, whose shoes, as the new chairman of the foundation board, i could never fill. i'll just do the best that i can. i also want to express what an honor it is for me to serve as the chairman of the foundation and to have as my first public appearance being here today at this forum discussing my former boss, my friend, my mentor, senator kennedy. it is an extreme honor for me as chairman to spend my first official visit to the library as chairman at a public event honoring this great, great man. i also want to remind all of you -- as if you needed any reminding -- that this forum today is very, very memorable. i don't know when we'll be abl

ken is next from georgetown, indiana, on the air right now, independent line.ack of education prevent that. he is so right, this is a dog and pony show. this is business as usual. i am an african-american male in indiana. things are bleak. things do not look good at all. i do think that the reason our government brought that the gate -- brought that brigade back from afghanistan and put them straight into civil disobedience. and the thing about ronald reagan not receiving the nobel peace prize for bringing down the wall, that is a farce. their military-industrial complex brought that wall down just like we are following in their footsteps, all of these makeshift wars, fighting these force -- fighting these wars that keep shell and exxon in business. it is just business as usual with obama and i am disappointed. us, as black folks, in this country have always had to do things extremely better than the average bear. it is not going to matter what he does. he is still a black man. he needs to be a little bit more like fdr and just set things straight, say where we

men ken, he says three words from irish, you know, in american today is complete nonsense, you know? millions and millions of irish people came to america speaking irish. the words didn't go away, b they just transmuted into american. but danny is the first person who's really gone through it methodically and shown how, you know, many of the most common words in the american language in slang are straight, pretty much straight irish, gaelic. so we've got landau's book introduced by gorvy call the and basically the politics of the bush administration, we have not been shy to criticize the bush administration as before we weren't shy to criticize the clinton administration. so we did a dime's worth of difference basically saying there isn't a dime's worth of difference between the two parties which got a lot of democrats pretty mad. so we occupy a definite site. i wouldn't want to say in each because that seems to me very small, but i think we figure pretty large on when people say there must be more to life than the democratic party even though we loathe the republicans, there's count

. -- ken the her -- kandahar air base.maneuvering as well and that to test fire the weapons. but -- and got to test fire the weapons. we also did some high level flight, so we got to practice climbing and descending as well as climbing and descending terms. we came in here and got to work on some rodeos as well as some approaches into the wind. we will pick up some cargo and do the whole thing back in reverse and do some mentoring and some fine and have a good time for everybody involved. >> -- some flying and have a good time for everybody involved. the lesson is being conservative am thinking outside of the training that they had. right now, they have all been trained in the russian style in the sense that this is the way that you will do this. you will always do it this way. we're trying to get them to think about maybe trying a different type of approach or a different type of formation, but if you're going to do something different, realize that you need to be safe when you're doing that. >> tell me about the language

this government, which they serve and to whom they pay taxes, if the sec, funded by taxpayer >dollars, ken, its nose at this institution? the third tsunami my clients had been hit with is that the sipc trusty has taken the position that he can demand repayment of all withdrawals within the last six years, even mandatory withdrawals from ira accounts on which people pay taxes, if the net investment going back for generations is a negative number. let me give you one very simple example. >> your time is almost up. the boilers okay, you'll have to look at my written testimony for the example. >> if you want to state the example, take the time. >> thank you so much. if my grandfather put $500,000 into madoff and in 1970, and he died in 2003, at which time the account was worth $3 million, and i took $1.5 million at that account to pay the estate taxes, and then from 2003 to 2008, the account went to $2 million, mr. picard would be saying to me, payback $1 million. your grandfather put in $500,000, if you took out $1.5 million, you owe me $1 million. my clients who have lost their life savings

ken hanson is from muskett, he has chronic heart problems an parts of his feet have been amputated. he can't go to the doctor because he makes too much for medicaid and too little to afford private insurance. he wrote me -- quote --"i'm very frustrated because it seems that my only hope is that i die very soon because i can't afford to stay alive." these are his words. not my words. that his only hope is that he die. how can we look the other way? how can we possibly do nothing? this isn't about balance sheets or graphs or charts, contracts or fineprint, politics or partisanship. this is about life and death in america. each story is more heartbreaking than the last. each of these nevadans has more than enough on his or her mind, and, yet, each of these citizens took time out of their day to beg their leaders to do something. mike tracy ended his letter to me a few days ago, here's what he said, democrats need health care, republicans need health care, independents need health care, all americans need health care. get it done. close quote. we can't let them down. we just can't let t

when ken burns produced this documentary on world war two, we turned to mike to facilitate a conversationwith him. not surprisingly, to many of us who have listened to his analysis, mike not only brought up the best in his discussion, but his own comments captured the ethos of the sacrifice that define the era and is perhaps lacking in our own. we knew he was the perfect choice to serve as moderator. i speak on behalf of everyone at the library, the institute, and extended kennedy family and expressing how honored we are to have these people here with us. at the conclusion of the discussion, we will hear closing words from the board chairman, kenneth feinberg. he is the special master of the victim compensation fund for september 11 and also the popularly known as president obama's pay czar. this commonwealth's junior senator serving in an interim appointment at a seat followed by his friend and mentor, senator kirk must attend to important votes precluding his being with us. the discussion will begin immediately following remarks made by mrs. kennedy, and here to introduce her is the ceo

the book is from mount vernon to crawford, the history of presidents and their retreats, its author, ken walsh, chief washington correspondent for u.s. news and world report has been our guest. thank you for being onto program. >> thank you for having me. host: we want to let you know who is on "washington journal" tomorrow, sunday, december 27. barbara slater of "the washington times" an jonathan broder of g.q. weekly will be here to discuss foreign policy and then we will have steven hess from the brookings institution and dan thomasson of scripps howard news service to talk about president obama's first year in office. thank you for watching this edition of "the washington journal" and we will see you tomorrow morning at 7 a.m. eastern. coming up, the communictors, and at 10:30, a senate hearing on the backlog of d.n.a. evidence collected for unsolved rape cases, and later, a former c.i.a. intelligence officer on u.s. policy in afghanistan. tonight, on "america and the courts" encore presentations from c-span's supreme court week special. the supreme court jurn aferlist lyle denison a

i would go to harry that was working with tom daschle, ken lanier this down a little bit?narrow this down a little bit? in a few hours -- can we narrow this down a little bit? in a few hours, we would get a product. he would work the floor, and have the confidence from tom daschle. at the time that you were the with and i was the leader -- toward the end of my time here, we wound up on one vote in 2007, we are in the well. john collins is down there. i want to mention the bill, because it might cause a little stir -- i won't mention the bill, because it might cause a little stir. finally, carey said it, i don't think we will make it. his troops were going at one or, our troops were going out the other. there we stood, the two leaders of the parties working together and losing. [laughter] one of my less fond memories, but i appreciate it because we were there together, shoulder to shoulder, doing what we thought was right. of course, mitch mcconnell, my friend. he lives in kentucky. [unintelligible] i learned over the years that the leadership needed a little extra input. j