they recruited smart people at lazard too, but at goldman it's something else.t's this notion of being team players, being academically gifted, being achievement-oriented, having achieved greatness at every step of the way. and also being team-oriented. so, you know, somehow your ego stayed in check while, you know, enough to help the team. so they love athletes at goldman, and be they love people who are hungry to succeed. so that was, you know, very much in the mold of sidney weinberg whose father was a bootlegger in be brooklyn, i think he was one of 11 or 13 kids. and basically after his eighth grade schooling ended at a public school in brooklyn, he sort of decided he had to get a job and made his way to wall street, made his way to the tallest building on wall street which happened to be at that time 30 pine street which is where gold match was. took the elevator to the top and went to each business on each floor until somebody agreed to hire him. he got to the third floor which was where goldman was, and he got hired to, you know, i think clean the spitoo

commander daniel lazard, chief of investigations. this is a time when we stop and offer special members of the police department. these are members who have distinguished themselves through their bravery and dangerous situations. it is important to note one of the criteria for the medal of honor this one failed to -- failure to take such action would lead to center. these are actions above and beyond call of duty. at this time, i would like to invite the chief of police, cheif gascon, to come up here and speak. >> thank you, everyone, for being here. this is a special moment in policing movie get to celebrate the incredible acts of bravery by the men and women in our department. before i say a few words about these incredible men and women sitting in the front, i want to thank their families. your support, day in and day out, or caring, companionship, your ability to talk to your loved ones as they are going through difficult times -- i was going to say men and women, but today we have just men. able to get through the incredible thi

lloyd lazard hs provide investment management advice. they don't need any proprietary bets. greenhill, same thing. basically the same thing. there are other models out there and those people getting back to what we're talking about before have that old model, that sort of securities firm model. they were taking big risks with their balance sheets leveraging them way out and whittled collapsed caused us to have to bail them out. there are many people who felt the whole business model has gone down the tubes instead of being reestablished which is what the government ended up doing and there would have been firms like lazard and green hill that would have come up out of that providing services once again for the clients without this the trading side of the balance sheet. goldman post as i said this will proprietary trading business, this whole trading enterprise, making markets for their clients as lloyd blankfein tried to explain to senator levin that requires huge amounts of capital, the balance sheets, lots of leverage and lots of risk. now goldman thinks of itself as being

lazard to read the spirits of officer suguitan. >> on saturday generate 23, 2010 at 1721 hours, ms. johnson phoned the police to report that her roommate, mr. smith, was suffering from psychological problems, had been drinking, and was taking medication. in her request for the police, this johnson indicated mr. smith was not known to carry weapons and that she wanted vice from officers on how to deal with mr. smith. she needed assistance based on his behavior. officers brodericks suguitan and samuel fung arrived at the scene within four minutes. officer suguitan and fung were met by the woman outside of her porch. officer suguitan observed at the front door of the residence was open and stepped inside. officer suguitan noticed mr. smith and mr. rios, an additional roommate, were standing face to face having a conversation. both men were approximately 7 feet in front of officer suguitan. officer suguitan looked at both men and stated, how are you doing, we are here to help. mr. smith and mr. rios both faced officer suguitan. immediately, officer suguitan realized mr. smith's and were

they would have been firms like lazard and green hill that would have come up out of that providing services once again to their clients without this whole trading side of the balance sheet. and which got everybody into so much trouble. and so, you know, goldman pushed as i say, pushed this whole proprietary trading business, the whole trading enterprise making markets for their clients as lloyd blankfein tried to explain. yes, all of that, but requires huge amounts of capital, big balance sheet, lots of leverage, and lots of risk. goldman thinks of itself as being the best manager of risk on wall street. they are not wrong. they saw the risk coming in the mortgage market and uniquely did something about it. everybody else didn't see the risk and let it take them down. goldman saw something about it, saw the risks, and did something. at the same time, they created huge conflict for themselves. they believe they are great at managing conflicts. whether it was their clients or internally. we're in the business of managing conflicts. there are lots of conflicts. we're in the business of managin

. >>: christie look har >>: christie lazard is a front runner in the position for the imf. woman who will hold the top job if she wins the election. 1/2 carat >>: contra costa n alan he can teach cts are continuing their search around golden gate recreation area near fort point. >>: more severe weather, as you to unseat sen and midwest. at least eight people died in storms if that have ravaged discipline it all,. in kansas, two people were killed when an operative trees planted to and. two people killed ark. she it twisters half's the dallas and several northern texas >>: we can see the rain heading down 101, pockets of heavy rain here in the therefore the most part, a light rain shifting south of santa rosa. her also see a few less bodies showers along highway 37 as you head towards a vallejo and we're picking up a few showers on the peninsula. we are watching this cell into its way in and moving through the gate into sausalito and portions of the sunset. right now, temperatures are warming to the '50s, we will not get much warmer than this. we are only topping out writer

they -- you know, lazard, for instance, where i worked and is now a public company, they just provide m&a advice and investment management advice. they don't have any trading, they don't make any proprietary bets. .. finishx; >> goldman sachs of the risk but at the same time they have created a huge conflict. the other tenant of their philosophy they believe the greatest managing conflict whether their client door internally in the business of managing conflict, i think that has gotten them into a lot of trouble. as you can see guess they were very smart about seeing trouble coming then making a big proprietary bet to evade them billions of dollars while the cost everybody else billions but they did not stop underwriting mortgage-backed securities causing the problem because they thought they could make money for another six months. that is the inherent conflict that cannot be managed and goldman has proven itself unable to manage the conflict at the same time as a very subtle point* that the financial crisis in greek commission got into is the fact the mark of the securities that it