discussion on job creation with mayor michael bloomberg and the white house economic director lawrence summers. also, a look at the arizona immigration bill. after that, a look at u.s. and israel policies toward iran. >> the people who are coming to us for rest and housing markets wanted to have security that the that exposure to the housing market. that is what they got. >> the senate hearing with goldman sachs executives went nearly 11 hours. see this at the c-span video library. every program since 1987 is free online. >> now a discussion on job creation with new york city mayor michael bloomberg and larry summers. this is part of an event hosted by the center for american

lawrence summers, thank you for joining us. the president said today a free market was never meant to be a free license to take what you can get. does he see wall street as the cause of the financial... wall street's greed as the cause of the financial meltdown? >> mitt stakes on wall street led these problems. mistakes on wall street in the mortgage area led to the subprime bubble that led to houses appreciate that lead to the situation where millions of people got loans that they're no longer able to service and faced foreclosure . credit errors made on wall street brought financial institutions to the brink of insolve vennsy, that left no choice but to commit taxpayer funds. >> brown: but today he was going to wall street in fairly tough language saying... >> ... yeah, there's no question that things that happened on wall street are the reason we had this financial crisis and we've got to do everything we can to make sure it doesn't happen again. >> brown: one of the critiques is that the current approaches towards reform re

and on "state of the union" lawrence summers, and with michael orrin. you can listen to all five talk shows at noon eastern on c-span is radio talk show. >> all this month, see the winners of the studentscam documentary competition. middle school students from 45 states submitted videos on one of the country's greatest strengths or challenges. wash the top winning video every morning. it will be just before "washington journal" -- and that a 30 p.m., meet the students and made them. for preview visit the website. >> the minute that the wall street firms were in the business of harvesting middle- class and lower middle class americans for their home equity value, and making loans to them against it, there was a natural risk of abuse. >> tonight, my coldlewis on the subprime mortgage crisis. his latest is open with a big short." is also the author of several other books. he was the author of a book which was the basis for the movie starring sandra bullock. >> this weekend on c-span2, this author on inventing the idea of a white race, and the history of wh

just last weekend lawrence summers the white house director of economic council made the quote theres a quiet depression in small business. optimism index was down in february. william dennis is senior fellow with the research foundation and kelly is the owner of falling white, custom woodworking in new jersey and a member of the main street iliance. denny, i want to start with you, the optimism index is down, what do you think is causing that? >> well, there are a couple of really important points. the first one is that sales remain very bad. they went, they fell very shorply shorp ly in early 2008 and they stayed there pretty much. that's huge, of course. second thing is there is great uncertainty out there. there's great uncertainty about what's going to happen and not only with the economy, but here in washington. and then, thirdly, there's major point that no one seems to talk about and that is kind of a real estate overhang. many small businesses own considerable amounts of real estate and, of course, the value of that has been depressed. and, so, what's happened is that has re

after that, a discussion on job creation with the mayor of new york, michael bloomberg, and lawrence summers. also, a discussion on the immigration bill in arizona signed into law last week. after that, all look at u.s. and israel policies toward iran. -- a look at u.s. and israel politicians -- policies toward iran. tomorrow, a gathering at the white house correspondents association annual dinner. there will be your marks by president obama and ndc "tonight show" host jay leno. you can watch that marmite at 8:00 p.m. eastern here on c-span -- you can watch that tomorrow night at 8:00 p.m. eastern here on c-span. >> c-span, you can connect with us on facebook, twitter, and youtube. signup for our schedule alert e- mails. >> president obama says the gdp growth is evidence that his administration's efforts to shore up the economy are working. he also talks about the gulf of mexico oil spill. this is about 10 minutes. i have dispatched the secretaries of the homeland security and the interior, as well as several others to ensure that we continue to do everything necessary to respond to this eve

it says here, quoting lawrence summers -- that was lawrence summers writing in his concise encyclopedia of economics published in 1999. do you agree with "the wall street journal" or disagree? you can start dialing in now. the brookings institution, whose panel of economic activity reported this month jobless insurance extensions correspond to 0.7 or 1.8 percentage points of the 5.5 percentage point increase -- joining us on the phone is martin kady of "the politico" to talk about what the senate did yesterday. they approved a cloture vote, a procedural hurdle. what happens next? guest: at this point the way is cleared for this extension of unemployment benefits as well as other programs to pass within 30 hours. this was the big hurdle. this was the sort of republican unity vote against this particular bill. republicans will point out they were not against the extension of unemployment benefits or extension of other programs like the doctors 6 and flood insurance and cobra health insurance. republicans are just mad that democrats keep doing these one- month sort of band-aid fixes on thi

quality so if we could have questions i will start asking if you sent a copy of the book to lawrence summerslaughter] >> no, i don't know about the press. >> hello, i'm great. i'm very happy to be here. i am actually one of a who those theoretical nuclear physicist and a very masculine world. >> wow. >> i were two many groups who was really the only woman. >> you know the applied to. >> when you mentioned that drawing the figures i think that's still valid and i get that a lot of. you don't look like a theoretical nuclear physicist. i am asking how does a steer radical nuclear physicist expect to look like and i did exactly which you were saying. >> and those presumptions are to be nine. the empire real-life. >> they do. >> i'm trying to make a point in my life of not following into that trap and get out of it and just be myself and embrace myself the way i am and try to be a role model because unfortunately i don't have any role models. >> this is a hard thing. >> nominee nuclear physicists who on higher level position. >> mentoring, mentoring, mentoring and if you don't have this this is a

host: let us take a look at what presidential adviser lawrence summers said on "face the nation" yesterday. >> if you look at the things the experts have identified as causes, whether it was the subprime mortgage is, whether it was derivatives, whether it was a concept of too big to fail, they are all addressed by this bill. you know, we passed, going back to the depression, profoundly important financial regulation legislation. what happened is the market's evolves, involved in all kinds of ways. we saw innovations to credit cards, innovations to mortgages, innovations to many areas and they had many, many benefits. but our regulatory system did not catch up to all of the innovation and then you had the things that are as old as time -- greed, avarice, irresponsibility, hubris, without any proper regulation system. that is what led to this crisis and across the board that is what this bill addresses. host: ted calling from manhattan on our democrats line. good morning. caller: thank you for c-span. the history of all of this financial lobbying, especially the last 10, 20, 25 years -- i am

i will start by asking if you sent a copy of the book to lawrence summers?[laughter] >> i have not personally, no. i don't know about the press. >> hello. >> hi, how are you. >> i'm great. i'm actually very happy to be here. i am actually one of those theoretical or nuclear physicists in a very masculine-- and i've been working in many groups where i was really the only woman, so. >> you know the plight. >> imagine the drawing of the figures. i think that is still valid. i get that i'll but. you'll look like a theoretical nuclear physicists and i'm asking like, how does a theoretical nuclear physicist woman you expect to look like a naked exact a what you are describing. >> those presumptions are not benign. they do impact your real-life. >> they do and i'm trying to actually make a point in my life of not falling into that trap and get out of bed and just be myself and embrace myself the way i am and just try to be a role model, because unfortunately i don't have many role models. people in nuclear physics who are in higher positions. >> mentoring, mentorin

host: you're talking about lawrence summers, former harvard president. caller: correct. host: the connection in all is this is tim summers, and tim geithner, are viewed as prote jays by robert rubin, and that word is used in the "new york times" and "wall street journal." caller: correct. the thing that bothers me, they knew this was going to happen. you know, you cannot go through a fire and not say, if we have to go down this road again, what were our first mistakes? that would be my one question. and my prediction is this, we're not out of the woods yet. this financial tsunami, that was just the first wave. the second wave is going to be, as the states start to more or less declare bankruptcy, because they're going to have to now levee higher taxes at the county level to pay for medicaid, which is a 90% of new york anyway, is 90% of our taxes, our local taxes. i would like you to ask that man from bloomberg what belfs that and how that's going to impact this whole deal. host: ok. we'll bring it up with paul dwyer. from "usa today," speaking about taxes, value added ta

lawrence. he is pictured at a summer program that was part of a federal program. he is in a class. what stunned me was all of these kids in this class were wearing ties. my image of an artist does not wear a tie. and yet this was a matter of total pride. when you think of sports, you are thinking about, among other things, after-school activities. i think we have really missed the boat in the after-school activity issue on both the arts and humanities. what can be done to keep people enthused after school? and in the summers? i think those are the kinds of the programs we would think about. for example, everybody knows there are summer programs for basketball in this country. that is terrific. i am all for it. why shouldn't there also be some summer school programs in sculpture? may be reading history? maybe that is a way of picking up on that our school year is shorter than some school years of other countries in the world. i think we are going to have to think about these things. >> sidney lawrence. >> i am sidney lawrence. i am an artist wearing a tie. [laughter] i actually am o

this summer it's lawrence fish burn, the actor, who will be playing thurgood marshall in the play "thurgood." this is a great opportunity. of course thurgood marshall is a local, was a marylander and went to howard. this is great for d.c. on so many levels. this is a show that premiered on broadway a couple years ago and did really well there. we're excited, june 1st through 20th. >> so exciting. mary poppins also coming there. that's june at the kennedy center. a lot to plan for. >> absolutely. good idea to put those things on your calendar now. >> livania ramunassen of "the washington post." for more ideas for your weekend, logon to the "around town" section of nbcwashington.com or the going out guide on washingtonpost.com. >>> we're working on several new stories this afternoon for news 4 at 4:00 and news 4 at 5:00. what's considered junk lying around your house may not be junk to someone else. you'll have some everyday items around your home that are worth some cash. news 4 tonight at 4:00. then at 5:00, profiting on money know-how. take the liz quiz to see if your mind is financially f

lawrence. and he is pictured at a summer program that was part of a federal program. and he is in a class, and what just stunned me was all of these kids in this class were wearing ties. in my image of an artist doesn't wear a tie. and yet, this was a matter of total pride. and so when you think of sports, you are thinking about, among other things, afterschool activities. and i think we have really missed the boat in the afterschool activity issue, on both the arts and humanities. and what can be done to keep people in his afterschool. and in the summers. and i think those are the kinds of programs when we think about. and so for example, everybody knows that our summer programs for basketball in this country. and that's terrific. i'm all for it. but why should there also be some summer school programs and sculpture? may be reading history. i mean, and maybe that's a way of picking up on that our school year is shorter than some school years. of other countries in the world. but i think we're going to have to think about these things. >> sidney lawrence. >> i'm sidne