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wasn't on the board of lehman brothers. i was a banker and i was proud of it and i traveled the country and learned how make people jobs. we ought to have politicians who not only have government experience but know how the ceos and the job creators work. my state is doing great across the board, and guess what. in 2011 i got -- >> governor, governor, i'm sorry, we're out of time. >> he tried to take credit for it four years later. it's a joke. >> who came out of that better? >> i think trump did. i mean, there's two times this evening where a candidate turned to another candidate and says i know the only reason you're attacking me is because you're low in the polls. marco said it to jeb and he said because a consultant told you to say that. those were big applause lines and it speaks to the gop electorate who sees through these attacks. they would much rather have candidates who voice a positive message about their agenda rather than just attacking others all the time. >> it speaks to the calendar. we've had this is the th
wasn't on the board of lehman brothers. i was a banker and i was proud of it and i traveled the country and learned how make people jobs. we ought to have politicians who not only have government experience but know how the ceos and the job creators work. my state is doing great across the board, and guess what. in 2011 i got -- >> governor, governor, i'm sorry, we're out of time. >> he tried to take credit for it four years later. it's a joke. >> who came out of that better?...
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. >> this is the man that was a managing general partner at lehman brothers when it went down the tubesnd almost took every one of us with us including ben and myself because i was there and i watched what happened and lehman brothers started it all and he was on the partner. >> when you talk about me being on the board of lehman brothers, i was not and i was a banker and proud of it. >> he is correct and not on the board, a managing director one of hundreds at the organization. former neurosurgeon ben carson disputed an acertain shun made about his past and denied being more than a paid spokesman for a controversial supplement company called manatech. >> i did not have involvement with them, that is total propaganda and what happens in our society, total propaganda and did a couple of speeches for them and paid speeches and it's absurd to say i had any kind of a relationship with them. >> but five years ago carson credited that company with funding a multi million dollar endowment in his honor. >> it requires $2.5 million to do an endowment share and i'm proud to say that part of that
. >> this is the man that was a managing general partner at lehman brothers when it went down the tubesnd almost took every one of us with us including ben and myself because i was there and i watched what happened and lehman brothers started it all and he was on the partner. >> when you talk about me being on the board of lehman brothers, i was not and i was a banker and proud of it. >> he is correct and not on the board, a managing director one of hundreds at the...
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lehman brothers started it all. >> when you talk about me being on the board of lehman brothers.asn't on the board. i was a banker. >> reporter: he is correct. he was a managing director. ben carson disputed an assertion made about his past. he denied being anything more than a paid spokesman for a company. >> i didn't have an involvement with them. that is total propaganda. i did a couple of speeches for them. i did speeches for other people. they were paid speeches. it is absurd to say i had a relationship with them. >> reporter: but five years ago he credited that company with funding a million dollars endowment in his honor. >> it requires $2.5 million to do an endowed share, and i'm proud to say part of that $2.5 million came from manatec. >> reporter: they also underscored social security. >> yes, we have stolen and lied to the american people. >> reporter: chris krichristie wants to cut the social security program. >> all that is in that trust fund is a pile of iou's. now they know they cannot pay these benefits because social security will be insolvent for seven to eight
lehman brothers started it all. >> when you talk about me being on the board of lehman brothers.asn't on the board. i was a banker. >> reporter: he is correct. he was a managing director. ben carson disputed an assertion made about his past. he denied being anything more than a paid spokesman for a company. >> i didn't have an involvement with them. that is total propaganda. i did a couple of speeches for them. i did speeches for other people. they were paid speeches. it is...
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because i was there and i watched what happened and lehman brothers started it all. he was on the board and he was a managing general partner. and just thirdly, he was so nice. he was such a nice guy. and he said, oh, i'm never going to attack, but then his poll numbers tanked. he's got -- that's why he's on the end. and he got nasty. and he got nasty. so you know you can have him. >> let me just -- let me respond. first of all, ohio does have an energy industry, but we're diversified. we're one of the fastest grows states in the country. we came back from the dead. you know what? it works very, very well. and secondly, when you on the b brothers i wasn't on the board. i was a banker, and traveled the country and learned how people make jobs. >> what is your reaction? because in 24-36 hours, john kasich seems to be getting more aggressive and hostile. where do you think it's coming from? >> he has very bad poll numbers so he attacked us. i think it was inappropriate but that came from poll numbers. he seems like a nice guy. i think it worked out well for me. >> let m
because i was there and i watched what happened and lehman brothers started it all. he was on the board and he was a managing general partner. and just thirdly, he was so nice. he was such a nice guy. and he said, oh, i'm never going to attack, but then his poll numbers tanked. he's got -- that's why he's on the end. and he got nasty. and he got nasty. so you know you can have him. >> let me just -- let me respond. first of all, ohio does have an energy industry, but we're diversified....
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lehman brothers started it all. he was on the board. just thirdly, he was so nice.e was such a nice guy. he said, oh, i'm never going to attack. then his poll numbers tanked. that's why he's on the end and he got nasty. [ laughter ] you know what, you can have him. >> let me just -- let me respond. first of all, ohio does have an energy industry, but we're diversified. we're one of the fastest growing states in the country. we came back from the dead. you know what, it works very, very well. secondly, when you talk about me being on the board of lehman brothers. i wasn't on the board. i was a banker and i was proud of it. i traveled the country and learned how people made jobs. >> i don't get surprised often. the way you've been running the campaign up to this point, that seemed a little out of character. even leading up to this week. do you really feel -- >> let me tell you. you think that it is right to try to phase out or get rid of medicare and medicaid as has been suggested? you're not going to win an election with that position. i can tell you you're not going
lehman brothers started it all. he was on the board. just thirdly, he was so nice.e was such a nice guy. he said, oh, i'm never going to attack. then his poll numbers tanked. that's why he's on the end and he got nasty. [ laughter ] you know what, you can have him. >> let me just -- let me respond. first of all, ohio does have an energy industry, but we're diversified. we're one of the fastest growing states in the country. we came back from the dead. you know what, it works very, very...
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. >> that lehman brother, if i had bankrupted lehman brothers from a two-man office in ohio, i should tonight was a chance for me to talk about the end of fantasy. we're going to get rid of medicare and medicaid and replace it with some tax credit or something? or we're going to deport 10 million or 11 million americans and breakup families? or we've got these tax schemes. i've always been a tax cutter, but a tax scheme that's going to cost us trillions. >> dr. carson has got the tithing plan. jewish law, paying to the temple. >> look, i have a tax cut plan, i have a balanced budget plan. i did it in d.c., as you know, when i was chairman of the budget committee. i turned ohio around with a great team of people. i didn't do it alone. i can go back and take a team and fix a country. >> i don't know any republicans who -- my dad was a republican, loved the party's philosophy, but when he turned 65, he also loved medicare. who are the republicans who want to get rid of medical coverage for themselves after they retire? >> i don't understand it. that's why i've been saying these things. a
. >> that lehman brother, if i had bankrupted lehman brothers from a two-man office in ohio, i should tonight was a chance for me to talk about the end of fantasy. we're going to get rid of medicare and medicaid and replace it with some tax credit or something? or we're going to deport 10 million or 11 million americans and breakup families? or we've got these tax schemes. i've always been a tax cutter, but a tax scheme that's going to cost us trillions. >> dr. carson has got the...
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lehman brothers.er and i was proud of it and i traveled country and learn how people make jobs. martha: there is that from last night. joining me now, presidential candidate and governor of ohio, john kasich. governor, welcome, good to have you here this morning. that was just one of the sort of memorable exchanges last night. were you expecting to be called out on lehman brothers and fracking last night? were you ready for that? >> i've been called out on lehman brothers since i started running for office in 2010 for governor. and you know, martha, i had a two-man office in columbus, ohio, if i could have bankrupted lehman brothers, i should be named pope, not president. that doesn't bother me in the least. frankly the business of working at lehman and traveling country and silicon valley, well, all over the country, taught me an awful lot. it gives me confidence to know what to do when i became governor of ohio, in addition to the experience i had in washington. we turned ohio around from a really b
lehman brothers.er and i was proud of it and i traveled country and learn how people make jobs. martha: there is that from last night. joining me now, presidential candidate and governor of ohio, john kasich. governor, welcome, good to have you here this morning. that was just one of the sort of memorable exchanges last night. were you expecting to be called out on lehman brothers and fracking last night? were you ready for that? >> i've been called out on lehman brothers since i started...
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Oct 17, 2015
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they allowed lehman brothers to go bankrupt.t frightened everyone in the market, and created a panic. and we saw then something that no one had ever seen. regulators, academics, business people, others. the biggest banks in the country would not lend to one another. even overnight. in other words, they were hoarding cash. and they were doing that because the fear was that to the extent that anyone can to them and asked forecast, if they couldn't deliver the cash immediately, a rumor would spread on wall street that they were completely in liquid and they would be ruined. and this is what we understand to be the financial crisis. problem: parts to this the government forces down underwriting standards so that it creates this gigantic bubble and a lot of very weak mortgages out in the financial system -- a majority, in fact. the government rescues bear stearns, causing participants in the market to believe that that is their policy. they are going to be rescuing everybody. and then the government reverses its policy and causes a p
they allowed lehman brothers to go bankrupt.t frightened everyone in the market, and created a panic. and we saw then something that no one had ever seen. regulators, academics, business people, others. the biggest banks in the country would not lend to one another. even overnight. in other words, they were hoarding cash. and they were doing that because the fear was that to the extent that anyone can to them and asked forecast, if they couldn't deliver the cash immediately, a rumor would...
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he put him at lehman's brothers in 2008.ohn kasich collected about $600,000 from lehman brothers in the year that they went down. what we saw here was a cnbc dispatched assassination team. a s.w.a.t. team on republican presidential candidates. they had the facts wrong. they had the content wrong. they had the context wrong. they looked like statler and waldorf on the muppet show up laughing at these candidates and guffawing as they tried to answer these mostly nonsensical questions, which didn't go to wage disparity, which didn't go to lack of growth in the economy, which didn't go to the real issues that are affecting americans who are so angry about the economy and the way that congress and the white house is responding to it. they missed it big time. and what they've done is leave a tremendous hole for the mainstream media in the united states of america that no one will trust them for a long, long time when it comes to these debates. >> funny you say that, peter. because i was thinking when i was watching this, john harw
he put him at lehman's brothers in 2008.ohn kasich collected about $600,000 from lehman brothers in the year that they went down. what we saw here was a cnbc dispatched assassination team. a s.w.a.t. team on republican presidential candidates. they had the facts wrong. they had the content wrong. they had the context wrong. they looked like statler and waldorf on the muppet show up laughing at these candidates and guffawing as they tried to answer these mostly nonsensical questions, which...
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general partner at lehman brothers when it went down the tubes and almost took every one of us with him including ben and myself. i was there and i watched what happened. >> when you talk about me being on the board of lehman brothers, i wasn't on the board. i was banker and i was proud of it. i traveled the country and learned how people make jobs. >> he was not on the board of directors. he was managing director. what do you make of this? if someone is google searching you, at least they are learning more about them. >> i don't think he'll rise much above the antics and rhetoric of trump and carson. >> donald trump is the lightest star on that stage and john kasich is the moon that reflects it. john kasich is not a mitt romney. he's a very good blue collar p populous. there was a deep conversation about how to change the tax code that riddled small business with all these regulations that prevents them from growing real good paying jobs. >> we're out of time. happy birthday to you. good to see you both. thanks for coming in. >>> an update on the unmanned blimp. there's new video c
general partner at lehman brothers when it went down the tubes and almost took every one of us with him including ben and myself. i was there and i watched what happened. >> when you talk about me being on the board of lehman brothers, i wasn't on the board. i was banker and i was proud of it. i traveled the country and learned how people make jobs. >> he was not on the board of directors. he was managing director. what do you make of this? if someone is google searching you, at...
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it was interesting, i spoke to some of the students there, he left out totally the lehman brothers stuffe didn't bury the lead -- >> he did not talk about it. it was, from what i understand, a very strange sort of gathering. dick fuld gave the speech about his career, you know, going way back to when he was involved at lehman brothers when american express owned it, when they spun it out, then he kind of got to 19 -- 2007, 2008, kind of skipped over that and then went into now i work at matrix advisers. by the way, i'm open for recruiting. liz: he didn't even bring it up? >> that's what they say. i talked to a couple of students who said after his speech there was some mingling, and they sat down to eat -- he did pay for dinner, okay? just so you know, at the angus steakhouse. liz: weed is legal in colorado. >> do you think he was high? liz: i don't think he was. [laughter] >> i know, by the way, these kids, these aren't pothead kids. no, they're really straight-shooting kids. then he apparently sat down at at least one of the tables and was so uncomfortable, he got up and sat by himself
it was interesting, i spoke to some of the students there, he left out totally the lehman brothers stuffe didn't bury the lead -- >> he did not talk about it. it was, from what i understand, a very strange sort of gathering. dick fuld gave the speech about his career, you know, going way back to when he was involved at lehman brothers when american express owned it, when they spun it out, then he kind of got to 19 -- 2007, 2008, kind of skipped over that and then went into now i work at...
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of the crise. >> stephen: you all decide not to save lehman brothers. could they have been saved or it was out of your hands? >> it was out of our hands. we didn't have the tools. this was before congress passed a bill that allowed to us put capital, new investments into banks. we didn't have the capital and we didn't have anybody willing to buy them. we were trying to get other banks to buy lehman brothers so they would be consolidated with other banks. nobody would do it because they were deep in the red. woo tried really hard but we couldn't do it. >> stephen: at the time we were told a decision had been made that you wouldn't save lehman. >> that wasn't told by us because we couldn't do it. >> stephen: nobody walked out offed of fed and said it's out of our hands. >> we were afraid if we did that it would generate more fear and that week was probably the worst week of the crise. >> stephen: part of your job for the fed chairman, at least those of us who casually watch the way it's reported, you have to go out there sp seem sphinx-like. what you say
of the crise. >> stephen: you all decide not to save lehman brothers. could they have been saved or it was out of your hands? >> it was out of our hands. we didn't have the tools. this was before congress passed a bill that allowed to us put capital, new investments into banks. we didn't have the capital and we didn't have anybody willing to buy them. we were trying to get other banks to buy lehman brothers so they would be consolidated with other banks. nobody would do it because...
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lehman brothers went under and mild recession became the most severe recession. that was with the bailouts. >> no. lehman wasn't bailed out. david: but the fact is, bailouts happened right after and we went into recession right after. >> thank goodness, but we would be in depression. david: matt, answer that. >> bernie sanders voted against bailout at time. hillary clinton is trying to create some magical space where she has same economics as bernie sanders. she doesn't. that is only pressure she feels. david: how do you respond to john's point we would be in great depression? >> wonder counter factual. see what george w. bush said when he introduced bailout. he said have banks fail. see unemployment go to 10% unless we do x. we did x. every single thing he said -- david: last word. >> after that, there was seizing up financial system. the collapse much lehman brothers was a stolt surprise. just weeks prior to the collapse. we had big, names from, financial securities industry, bill gross from pimco, lehman brothers is not going to fail. when something like that
lehman brothers went under and mild recession became the most severe recession. that was with the bailouts. >> no. lehman wasn't bailed out. david: but the fact is, bailouts happened right after and we went into recession right after. >> thank goodness, but we would be in depression. david: matt, answer that. >> bernie sanders voted against bailout at time. hillary clinton is trying to create some magical space where she has same economics as bernie sanders. she doesn't. that...
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including the fact that he worked for lehman brothers, which took down the world. i mean this guy was working for lehman brothers when it collapsed. >> joining us now from los angeles is john kasich himself. governor, you stand by that statement that republicans are on the verge of nominating someone incapable of being an effective president? >> well, look, eric, the problem is i'm worried about my party and being able to win the white house and also having good policy. when you say that you may do away with medicare or medicaid or make it an option. that is just a ridiculous kind of proposal. it won't work. and i just looked at the tax scheme of the person that just was speaking. and i found out that even under a model that requires dynamic scoring, he is 10 trillion in the hole. now, i mean i'm not going to add 10 trillion to my 16-year-old's bill. and then to say we're going to ship 10 or 11 million people out of this country leaving families divided. >> it's resonating with the voters. summer of trump. fall of trump. real fall of trump is not happening yet. >>
including the fact that he worked for lehman brothers, which took down the world. i mean this guy was working for lehman brothers when it collapsed. >> joining us now from los angeles is john kasich himself. governor, you stand by that statement that republicans are on the verge of nominating someone incapable of being an effective president? >> well, look, eric, the problem is i'm worried about my party and being able to win the white house and also having good policy. when you say...
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i was there, and lehman brothers started it all.e was on the board and a managed general partner. >> when you talk about me being on the board of lehman brothers, i was not on the board. i was a banker and proud of it. >> reporter: kasich is correct. he was one of hundreds in the organization, and ben carson made assertion busy his past, denying anything more than a paid spokesman for mannitic. >> i didn't have anything to do with them. that's total propaganda, and that's what happens in our society. i did a couple of speeches for them, and i did speeches for other people paid speeches, and it's absurd to say that i had any relationship with them. >> but five years ago, carson credited that company with funding a multimillion-dollar endowment in his honor. >> it requires 2 and a half million dollars to do an endowment. and i'm proud to say that part of that 2 and a half million dollars came from mannitic. >> and the republican debate also underscored sharp divisions over social security. >> yes, we have stolen and yes, we've lied to
i was there, and lehman brothers started it all.e was on the board and a managed general partner. >> when you talk about me being on the board of lehman brothers, i was not on the board. i was a banker and proud of it. >> reporter: kasich is correct. he was one of hundreds in the organization, and ben carson made assertion busy his past, denying anything more than a paid spokesman for mannitic. >> i didn't have anything to do with them. that's total propaganda, and that's what...
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then he went to lehman brothers. any gains you made you lost -- >> lehman brothers was unfair, though. he got some of the facts wrong. >> i know. >> two or three major facts wrong. >> but when you say lehman brothers, like a lot of -- just average viewers are like what -- >> yeah. but you can't accuse people of things that aren't real either. >> yeah. >> well, you can. >> my point is bush and kasich have records they can talk about. they talk about it often. if i were jeb, i would talk about how they manage natural disasters, the health care and education progress that the state has made. so i think with governor christie, i have not heard them talk about that part of his political past as some of the others do. >> governor christie, the attraction is he is the republican governor who was elected and re-elected in a blue state. >> right. >> and he has done good job as governor. if we can get past these primaries, he is a very attractive candidate. >> i don't disagree with that. >> how do you see this playing out in i
then he went to lehman brothers. any gains you made you lost -- >> lehman brothers was unfair, though. he got some of the facts wrong. >> i know. >> two or three major facts wrong. >> but when you say lehman brothers, like a lot of -- just average viewers are like what -- >> yeah. but you can't accuse people of things that aren't real either. >> yeah. >> well, you can. >> my point is bush and kasich have records they can talk about. they talk...
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secondly when you talk about me being on the board of lehman brothers, i wasn't on the board of lehmanbrothers, i was a banker and i was proud of it and i traveled the country and learned how people make jobs. >> e.b.? >> that was early in the debate. kasich took a little shot at trump and he went right at him. his numbers are so bad he's at the end. every other candidate goes whoa, wait a minute. i'm not going to go there. huckabee said he's wearing a trump tie. some said trump would be a better president than hillary. the strategy is working for trump. >> he was actually pretty well behaved last night. still funny, he held his own. he's like i'm a man in the middle and you guys on the end not doing so well. >> it's hard to argue with that you watch kasich sitting there, making notes, thinking about what he's going to come back with. that's hard, when you're in an argument. >>> you don't want to be scribbling down your comeback and reading it off paper. it looks sort of sad. although i do read my papers here. >> the trump people are saying today that they in terms of a twitter, facebo
secondly when you talk about me being on the board of lehman brothers, i wasn't on the board of lehmanbrothers, i was a banker and i was proud of it and i traveled the country and learned how people make jobs. >> e.b.? >> that was early in the debate. kasich took a little shot at trump and he went right at him. his numbers are so bad he's at the end. every other candidate goes whoa, wait a minute. i'm not going to go there. huckabee said he's wearing a trump tie. some said trump...
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because i was there, and i watched what happened, at lehman brothers started it all. he was on the board, and he was a managing general partner. >> okay. >> and just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. and he got nasty. so, you know what? you can have him. >> the evening wouldn't be complete without a little shout-out from the democrats. hillary clinton's campaign tweeted out his image of her metaphorically and literally brushing her shoulder off during last week's benghazi hearing. those are just some of the highlights from last night's debate. we'll have much more later on in the show and mike hubby, carly fiorina, chris christie and lindsey graham all joining us later on on "morning joe." now the sheriff's deputy in columbia, south carolina, who was caught on camera forcefully arresting a student at spring valley high school has been fired. deputy ben fields, a school resource officer, was initially suspended without pay after vide
because i was there, and i watched what happened, at lehman brothers started it all. he was on the board, and he was a managing general partner. >> okay. >> and just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. and he got nasty. so, you know what? you can have him. >> the evening wouldn't be complete without a little shout-out from the democrats....
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coming out of the bank from lehman brothers. think you'll see probably -- i don't think you can compare barclays. you've got those other tears of africa, capital light investment u.k. and a reasonable corporate operation. junk up gentlemen, think you very much. jes staley, welcome to the city -- jonathan: gentlemen, thank you very much. jes staley, welcome to the city of london. a rate hike this year. is that drifting toward 2016? that discussion next. ♪ jonathan: good morning and welcome back to "on the move." the fed and focus kind of. decision atits rate 6:00 p.m. u.k. time. there is no news conference scheduled after the meeting. economists will scour for clues on what they may do edits december meeting. hiking untildelay next year. bob parker still with us. steve saywell, 4% chance for a move. 35% in december. does the fed have a job to bring all of that back in? steven: tough question. we think there is 0% chance of a move today. we would argue increasingly in december as well. our view is on march. i think as far as today
coming out of the bank from lehman brothers. think you'll see probably -- i don't think you can compare barclays. you've got those other tears of africa, capital light investment u.k. and a reasonable corporate operation. junk up gentlemen, think you very much. jes staley, welcome to the city -- jonathan: gentlemen, thank you very much. jes staley, welcome to the city of london. a rate hike this year. is that drifting toward 2016? that discussion next. ♪ jonathan: good morning and welcome...
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bernanke: when lehman brothers failed, the financial system when into cardiac arrest -- went into cardiacrrest. we were worried about runs on other countries. for a few days, we agreed to be vague about it. it was an honest choice based on our concern about the panic getting worse. charlie: what were the consequences of that decision? mr. bernanke: we were in a lose-lose situation. if we did not have the power, that would create fear. -- there was a feeling what we had done was arbitrary. book, thel in my failure of lehman was something we try to avoid, but could not. aig, we were able to avoid. charlie: you had nobody stepping forward to buy them either. mr. bernanke: that is how we saved bear stearns, by getting jpmorgan to buy them. charlie: here is the question i don't quite understand. i talked to hank paulson and tim geithner. i do not understand whether the fed alone could have saved lehman. mr. bernanke: absolutely not. the only tool we had was lending against good collateral and that meant we could save a firm that was illiquid, but was fundamentally solvent. -- as a bankruptcy j
bernanke: when lehman brothers failed, the financial system when into cardiac arrest -- went into cardiacrrest. we were worried about runs on other countries. for a few days, we agreed to be vague about it. it was an honest choice based on our concern about the panic getting worse. charlie: what were the consequences of that decision? mr. bernanke: we were in a lose-lose situation. if we did not have the power, that would create fear. -- there was a feeling what we had done was arbitrary. book,...
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because i was there and i watched what happened and lehman brothers started it all.s on the board and he was a managing general partner. >> okay. >> and just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. he got nasty. so you know what? you can have him. >> i'm back with the host of "mad money." jim cramer. and lawrence o'donnell, the host on msnbc. the media was at ground zero in the target zone. i never heard so many shots at the media. >> yes. i mean, they're running for president, they're running against everyone. they're running against the media -- >> mainstream media. >> a bit of a mean spirit to it. if they all hate the government so much, why do they want to work for the government? the government was on trial. the media was on trial. i think the economy should be on trial. we stick with that and it would have been a little more whole li -- holistically a way to deal with things. >> becky quick during an exchange over immigration and v
because i was there and i watched what happened and lehman brothers started it all.s on the board and he was a managing general partner. >> okay. >> and just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. he got nasty. so you know what? you can have him. >> i'm back with the host of "mad money." jim cramer. and lawrence o'donnell, the host on...
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and lehman brothers started it all. he was on the board, and he was a managing general partner.nd just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. and he got nasty. so you know what? you can have let's get these dayquil liquid gels and go. but these liquid gels are new. mucinex fast max. it's the same difference. this one is max strength and fights mucus. mucinex fast max. the only cold and flu liquid gel that's max-strength and fights mucus. let's end this. oh no... (under his breath) hey man! hey peter. (unenthusiastic) oh... ha ha ha! joanne? is that you? it's me... you don't look a day over 70. am i right? jingle jingle. if you're peter pan, you stay young forever. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. ♪ you make me feel so young... it's what you do. ♪ you make me feel ♪ so spring has sprung. started using gain flings,fe their laundry smells more amazing than ever. (sniff) honey, isn't t
and lehman brothers started it all. he was on the board, and he was a managing general partner.nd just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. and he got nasty. so you know what? you can have let's get these dayquil liquid gels and go. but these liquid gels are new. mucinex fast max. it's the same difference. this one is max strength and fights mucus. mucinex fast...
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Oct 5, 2015
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bernancke wishes lehman brothers could have been saved. we know they frantically worked to save lehman brothers. interesting to hear in hindsight after picking through the wreckage, bernancke wanted people in handcuffs. >>> russia is escalating involve the in syria. now syrian president bashar al assad speaking up as russia takes heat for its actions around the world. we will go to moscow next. >>> russia stepping up its air assault in syria. officials in moscow claim to target al nusra and other terrorist groups. the syrian president speaking out about the russian involvement saying it must succeed or else. cnn's phil black is on the phone from moscow. good morning, phil. . >> reporter: good morning, christine. i'm not sure if you can see or hear me. what we are talking about this morning here in russia is an incident believed to have taken place over turkish air space. a russian jet intercepted by two turkish f-16s within that air space before returning back to the syrian side of the border. syria angry about this. so much air power from
bernancke wishes lehman brothers could have been saved. we know they frantically worked to save lehman brothers. interesting to hear in hindsight after picking through the wreckage, bernancke wanted people in handcuffs. >>> russia is escalating involve the in syria. now syrian president bashar al assad speaking up as russia takes heat for its actions around the world. we will go to moscow next. >>> russia stepping up its air assault in syria. officials in moscow claim to...
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. >> this is the man that was a managing general partner at lehman brothers when it went down the tubesh us, including ben and myself, because i was there, and i watched what happened and lehman brothers started it all. he was on the board,
. >> this is the man that was a managing general partner at lehman brothers when it went down the tubesh us, including ben and myself, because i was there, and i watched what happened and lehman brothers started it all. he was on the board,
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they allowed lehman brothers to go bankrupt. that frightened everyone in the market and created a panic. and we saw then something that no one had ever seen, regulators, academics, business people, others, the biggest banks in the country would not lend to one another. even overnight. they were hoarding cash and they were doing that because the fear was that to the extent that anyone came to them and asked for cash, if they cannot deliver immediately, a rumor would spread on wall street they were in liquid and they would be ruined. and thisordered cash was we understand to be the financial crisis. problem. parts to this the government forces down underwriting standards so that it craves this gigantic bubble and a lot of very weak mortgages out in the financial system. a majority in fact, 31 million such mortgages. then at the government rescues bear stearns, causing participants in the market to andeve that is their policy they will rescue everybody. and event the government reverses its policy and causes a panic that will under
they allowed lehman brothers to go bankrupt. that frightened everyone in the market and created a panic. and we saw then something that no one had ever seen, regulators, academics, business people, others, the biggest banks in the country would not lend to one another. even overnight. they were hoarding cash and they were doing that because the fear was that to the extent that anyone came to them and asked for cash, if they cannot deliver immediately, a rumor would spread on wall street they...
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and lehman brothers started it all. he was on the board, and he was a managing general partner. and just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. and he got nasty. so you know what? you can have him. >> the "cbs overnight news" will you fifteen percent or more on car insurance. well, did you know that playing cards with kenny rogers gets old pretty fast? you got to know when to hold'em. know when to fold 'em. know when to walk away. know when to run. you never count your money, when you're sitting at the ta... i get the gist, yeah. geico. fifteen minutes could save you fifteen percent or more on car insurance. [coughing] [coughing] [coughing] coughing disrupts everyone's life. many people are for longer lasting cough relief. delsym has an advanced time release formula that helps silence coughs for a full 12 hours. that's three times longer than the leading cough liquid. all night... or all day. we're all familiar with this, but what you wouldn't have
and lehman brothers started it all. he was on the board, and he was a managing general partner. and just thirdly, he was so nice. he was such a nice guy. and he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end. and he got nasty. and he got nasty. so you know what? you can have him. >> the "cbs overnight news" will you fifteen percent or more on car insurance. well, did you know that playing cards with kenny rogers gets old pretty...
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, i wasn't on the board of lehman brothers, i was a banker and i was proud of it. >> kasich is correct, he was not on the board, he was a managing director, one of hundreds at the organization. former neurosurgeon ben carson disputed an assertion made about his past. he denied being anything more than a paid spokesman for a controversial supplement company. >> i didn't have an involvement with them. that is total propaganda and that is what happens in our society, i did speeches for them, i did other speeches, paid speeches. it is absolutely, sudden to say that i had any kind of relationship with them. >> five years, be a car on credited that company with funding a multi-million dollars endowment in his honor. >> it requires two and a half million dollars to do an endowed chair and i'm proud to say that part of that two and a half million dollars came from manichek. >> there were sharp visions under social security. >> yes, we've stolen and lied to the american people. >> while mike huck and donald trump want to protect the entitlement, governor chris christie wants to cut the social s
, i wasn't on the board of lehman brothers, i was a banker and i was proud of it. >> kasich is correct, he was not on the board, he was a managing director, one of hundreds at the organization. former neurosurgeon ben carson disputed an assertion made about his past. he denied being anything more than a paid spokesman for a controversial supplement company. >> i didn't have an involvement with them. that is total propaganda and that is what happens in our society, i did speeches for...
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saver: you were able to aig but not able to save the bank lehman brothers, and the public perception was that you just let lehman fell. whether the case you couldn't save them. ben: we didn't have the authorities. we had a purchaser that came in. had two prospective purchasers in this case, but both fell through. we didn't have any capital to invest. this was before the congress passed the tarp. lehman didn't have enough collateral to justify the lending that would have taken to .ffset we knew it would be a damaging event. we just didn't have the tools to prevent it from collapsing. >> you write in the book you were seething when you saw the response. do you think those people leading ttat company should have faced some kind of penalty? >> you have to make a distinction between bad decision-making and criminal decision-making. i have said a couple of times, i do think it would have been better for the department of justice to focus on individual decision-making rather than penalizing firms as a whole. that would have given us more clarity about whether these actions were irresponsible
saver: you were able to aig but not able to save the bank lehman brothers, and the public perception was that you just let lehman fell. whether the case you couldn't save them. ben: we didn't have the authorities. we had a purchaser that came in. had two prospective purchasers in this case, but both fell through. we didn't have any capital to invest. this was before the congress passed the tarp. lehman didn't have enough collateral to justify the lending that would have taken to .ffset we knew...
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you saw the impact trump had on kasich with the lehman brother association.t confront marco rubio, how are you going to confront vladimir putin? >> thank you all. we could go on forever. >> and we will. >> and we will. >>> now in a stunning reversal, the obama administration says it will send u.s. special operators into syria on the ground. colonel ralph peters will explainmr what this means. >>> also what this means for the upcoming presidential election. that and more. ♪ can't afford to let heartburn get in the way? try nexium 24hr, now the #1 selling brand for frequent heartburn. get complete protection with the new leader in frequent heartburn. that's nexium level protection. i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? deals are m
you saw the impact trump had on kasich with the lehman brother association.t confront marco rubio, how are you going to confront vladimir putin? >> thank you all. we could go on forever. >> and we will. >> and we will. >>> now in a stunning reversal, the obama administration says it will send u.s. special operators into syria on the ground. colonel ralph peters will explainmr what this means. >>> also what this means for the upcoming presidential election....
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the real estate mogul failed wall street firm lehman brothers. and another sparring match... as jeb bush goes after first-year senator marco rubio for missing senate votes to campaign. (sot - bush) "when you signed up for this, this is a six- year term. you should be showing up to term." (sot - rubio) "someone has convinced you that attacking me is going to help you." rubio defended his voting record with a comparison to john mccain and others who missed votes during presidential campaigns. new jersey governor chris christie drew applause for his slam on a question about regulating betting for fantasy football. (sot - christie) we have 19 trillion in debt, people out of work, we have isis and al qaeda attacking us and we're really talking about fantasy football? can we stop? as the candidates battled over their records and tax plans... they found agreement on one thing: ted cruz vents their shared frustration with the moderators. (sot - cruz) "this is not a cage jack: the u-s house of representatives has a new speaker, representative paul ryan. the wisconsin congressman was e
the real estate mogul failed wall street firm lehman brothers. and another sparring match... as jeb bush goes after first-year senator marco rubio for missing senate votes to campaign. (sot - bush) "when you signed up for this, this is a six- year term. you should be showing up to term." (sot - rubio) "someone has convinced you that attacking me is going to help you." rubio defended his voting record with a comparison to john mccain and others who missed votes during...
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lehman brothers started it all. he was on the board and he was a managing general partner.y. he was so nice, he was such a nice guy. he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end and he got nasty. he got nasty. >> was that enough to get voters to look at him as a moderate alternative? >> a, i don't think so. it's so sad. first of all, he's the only person on the stage who spoke remotely intelligently and compassionately about immigration, just by the way. it turns out that you've got a big voting bloc out there republicans need to repair some damage with. he's the only one even trying. i think he winds up being somebody who they look at as possibly a vp once they finish fighting this thing out. but he really has -- he does not have a constituency in his party. and let's not forget, he is very, very conservative. as much as i love this, how this guy winds up being called a moderate, when you look at his ror, it just shows how far the republican party has gone over the edge into the right wing crazy stuff. but unfortunatel
lehman brothers started it all. he was on the board and he was a managing general partner.y. he was so nice, he was such a nice guy. he said oh, i'm never going to attack. but then his poll numbers tanked. that's why he's on the end and he got nasty. he got nasty. >> was that enough to get voters to look at him as a moderate alternative? >> a, i don't think so. it's so sad. first of all, he's the only person on the stage who spoke remotely intelligently and compassionately about...
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donald trump recites john kasich for his ties to the failed wall street firm lehman brothers and bush blasted jeb marco rubio for missing senate votes. they also got after the moderators for asking questions. >> we have people out of work and isis and al qaeda attacking us and we are talking about fantasy football? [applause] >> republican party leaders bashed the moderators they claimed were aimed at stirring up fighting matches and not focusing on policy. its one childg policy. china says the change is a proactive response to the issue of an aging population. beijing has warned the country could be home to more than 400 million people over the age of of 60 by 2030.e turf, the toxic i-team investigates potential health danger lurking on your child's athletic field. an update on the coach who made headlines for leading public prayers before games, the action now being taken by the school. what happened when a police officer tries to break up teens, this video going viral. the cooler weather headed our way, how low the thermometer will go just in time for ticker treating coming up. nar
donald trump recites john kasich for his ties to the failed wall street firm lehman brothers and bush blasted jeb marco rubio for missing senate votes. they also got after the moderators for asking questions. >> we have people out of work and isis and al qaeda attacking us and we are talking about fantasy football? [applause] >> republican party leaders bashed the moderators they claimed were aimed at stirring up fighting matches and not focusing on policy. its one childg policy....
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-trump "this was the man that was a managing general partner at lehman brothers when it went down the tubes and almost took every one of us with us post debate trump giving me his take on the debate tvu 8 boulder spin room -llamas-trump sot: was it tough not to be the star? trump: i don't know llamas: like the questions weren't at you. trump: well i think it was very unfair. i mean it's become very unfair. i think that i did very well according to all of got 80 percent as a win some support on huckabee "i love donald trump. he is a good man. i'm wearing a trump tie tonight. get over that one." "is it made in china or mexico?" "such a nasty question, but thank you governor." other candidates also critical of the questions...christie exploding when bush was asked about fantasy football. christie we have isis and al- qaeda attacking us and we're talking about fantasy football? (cheers)" and christie tangling with one of the moderators cnbc's john harwood christie "because i got to tell you the truth, even in new jersey what you're doing is called rude." senator ted cruz winning cheers wi
-trump "this was the man that was a managing general partner at lehman brothers when it went down the tubes and almost took every one of us with us post debate trump giving me his take on the debate tvu 8 boulder spin room -llamas-trump sot: was it tough not to be the star? trump: i don't know llamas: like the questions weren't at you. trump: well i think it was very unfair. i mean it's become very unfair. i think that i did very well according to all of got 80 percent as a win some...
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a managing general partner 32:02-32:17 when you talk about me being on the board of lehman brothers... ceos and the job creators work the candidates weren't just taking aim at eachother... they also targeted the democratic front runner... 26:33-26:55 last week hillary clinton went before a committee.... she got exposed as a liar drake university students... together to watch tonight's debate... while they varied on who won... they were pretty unanimous about who didn't... channel 13's mike dasilva joins us... i can tell you the students were not impressed with the way the moderators conducted themselves.... the students i spoke with said the moderators seemed flustered and didn't do a good job of fact checking. the drake students however were fact checking as the debate was going on...with their laptops, and smart phones, while monitoring what was being said on twitter and using the political commentary app sidewire. democrats, independents, and republicans all had their own takeaways from the debate. 10:54:59--10:55:20 'with the democrats, it seems like they focus a lot more on polic
a managing general partner 32:02-32:17 when you talk about me being on the board of lehman brothers... ceos and the job creators work the candidates weren't just taking aim at eachother... they also targeted the democratic front runner... 26:33-26:55 last week hillary clinton went before a committee.... she got exposed as a liar drake university students... together to watch tonight's debate... while they varied on who won... they were pretty unanimous about who didn't... channel 13's mike...