glenn: so now let's go to mark lloyd, because mark also has some -- first of all, here is mark lloyd. here is from a conference for media reform. this is him making a case that the government controlling all the media outlets is a good thing. listen what he had to say here. glenn: ok. he said, and i find this interesting, a democratic rev rev a democratic revolution is important. they're all talking about a good democracy. it is not a democracy. >> it is a republic. in his book, he repeatedly refers to democratic reform, democratic change, and every time he refers to democratic, you might as well insert communist or social iflt, because that's what he means glenn: the 20th century progressives went specifically for democracy, and that's the way they got away with it, around the turn of the century saying we're not communists. we believe in the democratic society, democracy and communism, to them is almost interchangeable. >> it's sem semantics. ideologically, there is no change. can i point out something that is very important. after he got his second revolution and ensconced himself

lloyds shares down 5 4 to 5%. if it can raise more capital from shareholders, it will be less reliant on the government. in theory, it could be a good news story. but investors not relishing to reach deep into their pockets. >> when you look at your clients' positions at the moment, do you think people still want to play this on the long side? >> i think so. there is understandable concern given what markets have rallied recently. i think we'll that in the absence of any concrete news flow. it's reasonable to expect modest corrections. fundamentally, you have a lot of investors who had a fairly torrid year or two and are ultimately looking to back the economy and get long again. very cautious not to be caught out with a sell-off that may be happening. we're hearing from central banks. they're very much sounding a note of caution. there's a sense people do want to support this rally. they're not going to go full steam ahead because of the risks involved. >> just to remind you, we did speak to lloyds and they said t

his name is mark lloyd. he wants private broadcasters to pay licensing fees -- listen to this -- licensing fees equal to their total operating costs, and if they are a conservative radio station, they could receive a crippling $250 million fine. all that money will be used to fund public broadcasters like n.p.r. who are competitors of these private broadcasters. the man trying to silence free speech in america, in washington, is seton motley, the director of communications at the media research center. seton, tell me a little bit about what is his name, our new czar lloyd? >> mark lloyd. he is a former senior fellow at george soros-funded, john podesta-run center for american progress. many people remember him from the bill clinton days. he was the chief obama transition team czar, so to speak. mark lloyd, as a senior fellow there, cowrote a paper in june of 2007 entitled "the structural imbalance of political talk radio. " now, first of all, this report is flawed because it excluded public radio from their

>> hvos would have collapsed without lloyds stepping it. let us be clear. secondly, there are bound to be fewer banks operating in this country now because the biggest loss has not been -- to competition has not been to lloyds. it is the loss of foreign banks which was doing half the lending in britain in the last 10 years. if you like a withdrawal to home base of large number of foreign banks that were operating around the world. irish banks, icelandic banks and other banks operating in britain giving loans to businesses have withdrawn. that has been the biggest loss to competition. what has to be remembered is that there are financial stability issues as well as competition issues. of course we want to see the maximum amount of competition in our banking sector, and that must be our policy for the long run. >> what about the european point? you are in favor of more european or less? your answer seems to be contradictory. on the one hand you seem to be saying keep it out, and on the other, we need more. >> we have to look at financial issues as well as com

i'm pleased to have lloyd levene back at this table.lcome. >> charlesie, good to see you. >> cha is your assessment of where we are in this global economy? >> well, i think that if you look at what happened in the last 18 months it's been tremendous meltdown. and a change in the system dramatically. i think it's also showing a big shift in real economic from west to east. i was in china ten days ago. and i get it frequently, i was on the board of the second largest bank in china. and they're just getting on with building their economy and building up the country. and of course they have trillions of dollars sitting there. and i think, they are very realistic now. and they are very well versed in the ways of the world. for them to do anything which damages the value of dollar when they've got so much of their own wealth tied up in dollars would be pointless. so they -- >> and counterproductive. >> totally counterproductive. and i think they're realistic enough to see that. and i don't think they have any particular interest in wanting to

would you have written about frank lloyd wright if you didn't live in one of his homes?'t. we bought this house 16 years ago and began to restore it. at that point i felt, yes, i should find out about him. >> reporter: and what a story he found. wright's personal life reads like a soap opera. there were numerous wives and miss stresses. one who was murdered. in short, wright's life is the stuff novels are made of. boyle called his "the women." it was published earlier this year. >> i think there are unlikable things about him in here. but i admire him greatly. i love his art. it's a moral valance. it doesn't matter who made the work of art whether they're a good or bad person as long as the work of art itself is great. i don't think it really matters. >> reporter: wrigts's clean linear designs, such a contrast to the ornate victorian styles of the 19th century, were often controversial. and so was he. >> i've been accused of saying ways the greatest architect in the world. if i had said so, i don't think it would be very arrogant. >> reporter: wright, who needed his clie

>> democratic congressman lloyd doggett of texas.hank you very much for your time tonight. >> thanks, rachel. >> and i wasn't there but on behalf of the country, i'm sorry about what happened to you. it was very rude. >> good night. >> thanks. >>> when it comes to professionally organized fake grassroots rent-a-mob, shutting down what used to be normal democratic processes as congressman doggett suggested, today's organized health care riots have a long and impressive pedigree. bush v. gore, anyone? the congressman doggett just reminded us the brooks brothers riot that shut down the recount in miami using -- used paid rioters recruited from republican congressional staff members. as we said last night, this is not spontaneous. what we are seeing at these health care events, this is not grassroots. this is a scripted phenomenon. chris hayes will be here next to name the screen writers. >>> first, one more thing about congressman doggett's home state of texas. a gallup poll conducted among thousands of voters over the first six months

risk for lloyds is the whole of our busiss anyway.t if you look on the narr perspective of it is w this economy and how siness is going to grow and chan in the future. then i tnk it's a question of h much people actually take note of that experience in the past. and i tked to a lot of peop who said well, we've got younger ople here who have nevereen through such a ba situation th they are in now. some of uhave had to deal with in the pa. and we have bee rather mor risk averse. and i thk that th likely outcome is that the present generation will bemeore risk averse. but howthat longhat lasts through their colctive corporate memory of reins to be seen. >> so what ought to be the new regulato fmework? >> well, the new regulatory framork has to be one that allowshe businesses to work. and in t financial sector you cannot run a busine with no ris ifhere is no risk, there is no biness. because somebody has to stick their neckut in an intelligent way. >> right. >> so if you cut off every single element of risk,hen u're going to leave a very

especially from -- reese lloyd in the game. >> gerry: reiss lloyd from outside of 50. 2nd down and 4. goodson will get the carry. a penalty flag is down. goodson gets in inside the 40. this will get backed up by a false start from carolina. >> referee: illegal formation number 69. 5-yard penalty. >> gerry: john fox not pleased to see his tackle pick up the flag. go to highwayit's supposed to be the rookies making mistakes in august. >> stan: he's a good player. he's anchored the running game for carolina. >> gerry: 2.30 minutes left in the half. 5 for carolina and 4 for the ravens. goodson runs into ray lewis as he gets down to the 43 yard- line. carolina looking to a 3rd down. see whether the panthers will get the snap off. they will let it run down to the warning. they go to head coach john fox. >> referee: this is the two- minute warning. >> gerry: 2 minutes to play in the half. >> gerry: 2 minutes to flate opening 1/2 carolina. ravens lead the panthers 14-3. verizon want to know who you think the ravens kicker will be at the start of the regular season. tell be steve hauschka? or

in texas, congressman lloyd doggett tried to talk. they depicted him in an unsavory way. >> the crowd was certainly angry. i suppose some might have had a negative reaction to the poster that said, "lloyd doggett, trader to texas, devil to all people." >> reporter: how did it come to this? depends who you ask. the democratic national committee says these are orchestrated by the republican party and democrats released this web video. >> they lost the confidence of the american people. they are organizing angry mob like they did during the election. >> reporter: the word "mob" is greatly insulting to folks on the other side of the argument. many say they are simply imposing their rights. >> i feel my constitutional rights are being taken away from me before my eyes. i don't like the direction that they're going. they are taking away our freedom of speech. the silent majority is finally fed up with it. >> reporter: now moveon.org sent out an e-mail to supporters saying they have a plan, "to fight back against these radical right-wingers.

joining me live from austin, democratic congressman lloyd dogget of texas. he sits on the house budget committee and ways an means. good morning, sir. thank you for joining us. >> great to be with you. >> i'm curious what you think of when you see all this anger at the town halls. do you think some of it must be real? it can't all be manufactured by special interest groups. if not, how much does that concern you? >> well, there are clearly people who have been stirred up. but they've been stirred up with great care an organizational ability. the first one of these i think i had saturday a week ago, not only was stirred up but it was all filmed. it was designed and filmed by the local republican party. they've turned it into youtube videos to create the impression that they can stampede members off the stage. we just need to stand firm. i've had two very good meetings since then and actually what they've done is encourage me to do more town hall meetings so more people can express their opinion pro and con. >> congressman doggett, were there shouting matches

"the new york times" reporting that the austin rally of texas, congressman lloyd doggett, they held an with a tombstone with doggett's name on it. and another sign had the nazi s.s. lettering on it. doggett saying in a statement he's more committed than ever to pass health care reform. he will be rachel's guest tonight. after lunch at the white house this afternoon, democratic, "ours," max baucus, perpetuating the lies of bipartisanship. >> we agreed there should be bipartisanship because that's more sustainable, it's more enduring, it's the right thing to do. american people want us to be working together. >> remember that's max baucus, fourth leading recipient in all of congress in campaign contributions from the health care industries. just remember to spell it correctly on the check. >>> time now to turn to congressman chris van hollen of maryland. he's the chairman of the democratic campaign committee and serves to assistant to speaker of the house pelosi. >> good to be with you. >> these fake protesters, have the facts become completely irrelevant in this equation. they're oppos

in texas, lloyd doggett tried to talk. he too was drowned out. one man tried to pick at the congressman in a rather unsavory way. >> the crowd was angry. i suppose some might have had a negle negative reaction to the poster that said, devil to all being. >> reporter: how did it come to this? some said the protests were organized by republicans. >> desperate republicans and their well-funded allies are organizing angry mobs, just like they did during the election. >> reporter: the word mob is greatly insulting to those on the other side of the argument. they say they are simply organizing their rights. >> i feel like my constitutional rights are being taken away from me right before my eyes. i don't like the direction that we're going. they're taking away our freedom of speech. and the silent majority is finally fed up with. >> reporter: moveon.org said they have a plan to fight back against the radical right wingers. the group is raising hundreds of thousands of dollars in donations. it's not only the weather that's hot in august. now the politic

of this angry crowd in austin, texas, they were more interested in holding democratic congressman lloyd dawson accountable. the evidence of shifting ant merely anecdotal. a rasmussen poll shows that there is a major change in how americans feel about the healthcare system. one year ago 37% said it was poor with only 29% calling it good or excellent. those figures have flipped. 48% view it as good or excellent, up 20 points and only 19% ate the system poor. with just a few days left before its recess, the bipartisan gang of six was back in action monday trying to negotiate a deal. in the meantime, republicans like senator cornyn say they continue to hear from worried constituents and are not at all surprised by their decision to fight back. >> they're scared and angry. many of them are slowing up at town hall meetings and expressing their views, and more power to 'em. we may not always like it, but people do have their right to express their views. >> following today's gang of six meeting, republican senator owe limb pia snow said that they're working hard to keep to the september 15 dea

let's get back to trevor williams, chief economist at lloyd's. if i can ask you quickly here, trevor, we got this nice revision yesterday for the u.s. gdp. we're going to get consumer sentiment numbers out today. james bullard thinks we are on the heels of recovery. we'll see the recession end by the end of the year and things are stabilizing. what do you think? are we out of the really tough part? >> well, it's a good question. i think when does the recession end? is it when you first get to rise in gdp or is it when gdp surp s surpasses the previous level or is it when you start seeing falls in unemployment and rise in employment? i think what the economy is likely to see, absolutely for the u.s. as much as for the uk is that i think the u.s. economy is going to expand and it's likely my view to expand by up to possibly 5% in annualized rate. so you could argue that it will start coming after recession from the third quarter of this year. >> and we're so driven by the consumer. consumers have to start spending to move that expansion forward. we

i want to mention lloyd's. stock, lloyd's banking group, is a bit lower today, but rbs increased their rating on that stock to a buy saying it's a compelling restructuring activity and it's moved higher, but now, adding about 0.3%. let's get out to annette now who is standing by in frankfurt. >> the dax is lower by more than %. 1.2% is the dax is declining right now. the main drag on the index development is volkswagen. volkswagen is down by almost 4% and if you have a look at the volkswagen share development since the beginning of august, it lost almost 30%. and so it is more or less going into the direction analysts have seen the fair value of the volkswagen shares and will is no reason of any share price increase any more. traders here are saying with the volkswagen deal progressing, the air is getting cleaner for volkswagen shares. now to paris, stephane. >> in paris, the market is still down with eads off %. the company has not confirmed a report from a newspaper saying that the first flight for the milita

i suppose some might have had a negative reaction to the poster that said, lloyd doggett, traitor to texas, devil to all people. >> reporter: how did it come to this? depends who you ask. the democratic national committee says these confrontations are orchestrated by the republican party, and the democrats have released this web video. >> they've lost the confidence of the american people. now rubbens and well-funded allies are organizing angry mobs, jut like they during the election. >> reporter: the word mob is greatly insulting to others on the other side of argument saying they are simply exercising their rights. a pennsylvanian who attended a town hall hosted by arlen specter -- >> i feel like my constitutional rights are being taken away from me right before my eyes. i don't like the direction that we're going. they're taking away our freedom of speech, and the silent majority finally is fed up with it. >> reporter: now liberal advocacy groups moveon.org sent out an e-mail to supporter, say they go have a plan to fight back against radical right wingers. the group is raising hu

this man's name is mark lloyd. he actually lamented on the fact that non-state-run radio stations prevented the incredible revolution of hugo chavez in venezuela. >> venezuela and chavez have run an incredible revolution to begin to put in place saying that we're going to have impact on the people of venezuela, the property owners who have been controlling and the folks who were then controlling the media in sen ven rebelled, work, frankly with folks here in the u.s. government. glenn: wow, the pesky private sector and property owners. why don't you just take them? it is just littered with that non-propaganda talk, isn't it? we must stop that, and that is exactly what this man is he prepared to do. lloyd has talked about balancing out the airwaves, and that's not just conservatives. that's balancing them out with anyone who doesn't agree with the state and this new revolution. again, the white house has not disputed any of this. quite frankly, i have been wondering why. i think it's because -- it can't be because y

diversity czar, mark lloyd. i just -- i want to show you what he said in his 2006 book "prolog to a farce, communications and democracy in america." quote "it should be clear by now that my focus here is not freedom of speech or press. this freedom is often too an exaggeration. at the very least, blind references to freedom of speech or the press serve as a distraction from the critical examination of other communications policies." i'm sorry. i just have to choke that one do down. "freedom of speech is a distraction. localism boards are the real focus. well, those localism boards being created now. our diversity czar has just proposed that radio companies pay 100% of their operating budget yearly, if you're a small businessperson, can you imagine paying 100% tax on your operating budget? how long would you stay in business? that 100% tax would be run to the state-run npr and if you can't pay that, that's ok, but you will lose your license and that license will then be sold to a minority group. america, hear me

>> another congressman under fire for supporting the president's health care plan, congressman lloyd dogget who was heckled over the weekend. >> just say no! just say no! >> and along with that, an angry protest in philadelphia attended by health and human services secretary kathleen sebelius and arlen specter. here's what happened when the senator talked in the meeting. >> we divide up the bill, we have to make judgments very fast and -- [ crowd shouting ] [ inaudible ] >> the senator obviously slightly taken aback there, acknowledging many members of congress could well face similar protests over the president's health care plan during the august recess. joining me now for more, candy crowley. what do you make of these protests and we just heard robert gibbs, white house press secretary, obviously mocking these people, and saying fairly straightforwardly that this is organized protests. is that true? >> well, listen, there is no doubt there are a lot of conservative groups out there who are using their websites to encourage people to go to their town hall meetings. but this is not

diversity czar, mark lloyd. i just -- i want to show you what he said in his 2006 book "prolog to a farce, communications and democracy in america." quote "it should be clear by now that my focus here is not freedom of speech or press. this freedom is often too an exaggeration. at the very least, blind references to freedom of speech or the press serve as a distraction from the critical examination of other communications policies." i'm sorry. i just have to choke that one do down. "freedom of speech is a distraction. localism boards are the real focus. well, those localism boards being created now. our diversity czar has just proposed that radio companies pay 100% of their operating budget yearly, if you're a small businessperson, can you imagine paying 100% tax on your operating budget? how long would you stay in business? that 100% tax would be run to the state-run npr and if you can't pay that, that's ok, but you will lose your license and that license will then be sold to a minority group. america, hear me

who is mark lloyd anyway? how does he plan to balance the airways? how is he going to balance the airwaves? cass sunstein says he wants to balance the internet. will that be next? will broadcasters be allowed to go to satellite or internet without government regulation? is there anyplace that has a mass audience of capability of gathering one where the government won't regulate the free speech? anyplace? why does it seem like e

this one seems to show democratic congressman lloyd dogeth of texas. he is wearing a beige shirt, being chased out of his own voter's forum. watch this one. >> just say no, just say no, just say no. just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no, just say no. >> this is amazing to watch and look who is joining us now? it is the congressman. thanks so much for being with us, sir. >> great to be with you from deep in the heart of texas. >> i love that are the pa of the country. what was that like? >> well, rick, there is a little pattern that you just pointed out to your viewers. this is not grass roots, pitchfork waving folks. this is a coordinated campaign by the republican party and the insurance industry. to modify a little, one thing you said. i visited with these people for an hour, listening to their questions, trying to explain the pl plan, having their talks and boos. only after they bega

the only thing lloyd blankfein is saying there's enough sniping, goldman envy on the street and they make money and smarter than other guys on the street, they will get their compensation and saying, don't buy fer aris or look for ways -- >> don't we want to stimulate the economy? wouldn't it be better if goldman people bought new stuff. >> here's the outrage, not necessarily about gold man. the public feels we took a risk and bailed out these banks and didn't know if it would pan out or not. now, there's all this unease, you see this about the polling about the economy, barack obama's approval ratings are going down. when tai took this heads i win, tails you lose risk and they will make this money and spend it and leif high off the hog again. people don't like it z tasteful. democrats demonized the profit. >> people are worried we gave the banks all this money, how did it turn out. >> here's how it turned out. a story in the "wall street journal" that says treasury will issue fewer bonds because it doesn't need the money because it got paid back t.a.r.p. money by the big banks. this

. >> arctecture as frank lloyd wright said appropriatelis the mother of all a it is holtic it affects all our lives both consciously and you conscious ly. it is about the enronment, thean-made environme. and th when you tnk abouit, people wh travel, o take long trips, actually go to plas to see ildings, to experience archecture. so ielieve it's impact upon the conscious and the perception -- persept all parameters of one's existence is total. rose: julie and julia the movie and charles gwathmey the life,oming up. >>unding for charlie rose s been provided by the following: caioning sponsored by rose communications from our stuos in new york city, this is charlie rose. >> rose:ood is one of li's pleasures and necessities itas been a subject society r nturies. rmeateing literature and art and music, and certainly movies. ♪ food dollaruous food ♪. >> i will be slinging pizza for the rest of my life. >> the bestizza! >> tell me what theat wants to coo. >> it's a peasant dish too hot for you? >> no. >> i read your artic about ice cream and i ha to tell you i disagree withou about haagen-daz

congressman lloyd doggett of texas. thank you. >>> let's watch this video from yesterday in philadelphia just to show you this thing is going all around the count where another rowdy crowd shouted down u.s. senator arlen specter and also health secretary kathleen sebelius. they got shouted down, too. >> i have never seen members of congress work harder. it is unacceptable to me for somebody that -- hours and hours and hours and hours. if people say they haven't read the legislation, then tell them to go back and read it. >> my practice, when you have a bill and we have a lot of them that are a thousand pages, is to take my top staff, and we divide up the bill. we have to make judgments very fast. >> who is behind this? joining us right now is u.s. republican senator bob corker of tennessee. senator, who is behind these raging crowds of anti-health reform folks? >> i have no idea, chris. i'm going to have a town hall meetings throughout the state of tennessee this next month, and i'm sure we'll have large crowds, and my

kennedy in terms of the amount of experience you had had in the senate and lloyd benson memorably saidi knew john kennedy, i served with john kennedy and you are no john kennedy. what happened after that? i know it was a big hiccup in the road for you, you ended up being elected in any case, but how did ted kennedy reach out to you? >> it's very interesting. after that, he wrote me a very special note, handwritten. and it had something like this, dear dan, i wish you all the very best if the campaign. however, without my vote. h he sa he said, i will speak kindly or unkindly about you, whatever you think will help you the most. best wishes, ted. i still have that note. and it was a very special time. but ted kennedy knew me. and when he spoke about me, he said, look, i disagree with him, but he knows what he's doing. he's up to the job. and people that knew me would say that. people that didn't would sort of parrot what those of you in the media said at the time. >> i know, we've all become caricatured and certainly politicians more than anyone else, and i know you went through all of

here's texas democratic congressman lloyd dogit. there are still elected democrats in texas. he is facing a similar scene at a town hall event over the weekend. this one took place at a grocery store in austin. [ chanting ] >> what you may or may not be able to make out there is the crowd yelling "just say no, just say no" holding signs depicting congressman doggit as the devil and there's one sign that reads, no government counselor in my home. the u.s. senate doesn't take its recess for another week but democratic senator arlen specter got a taste of what his time off might be like at recess during a town hall event he held in philly yesterday with health and human services secretary kathleen sebelius. >> i am not a member of congress, have never been. >> we actually had to narrow down the pile of footage that we had like this from just the last few days in order to figure out what to show in the time we had available on the show. we could have spent the entire hour showing tape like this. the more time you spend looking into this seemingly organic outrage at the town hall

preerm -- former prime minister lloyd george kept them. but what about in cities? usually there say picture of the countryside promoting where the honey came from but this was gathered within three miles of the urban setting. so the big test -- how does the city honey taste? very unusual. quite distinctive and actually very good. so from a country garden to the skies of our cities, bees could be heading for a comeback. >> finally, russia's prime minister has been showing off his physique again. prime minister putin doesn't do logging like france's president but he does do the wild outdoors. somehow though he just keeps forgetting his shirt as james rodgers reports. >> a holiday in siberia, in case you didn't get the message, is a holiday for a hard man. vladimir putin will be 57 in october in a country where male life expectancy is less than 60. he looks in better physical shape than many much younger russian men. his media team wants to make sure that fact, like mr. putin's chest, doesn't remain hident. he's tough and he's generous, shown giving a present to one o

meanwhile, in the united states, the obama administration has appointed mark lloyd as the new chief "rsity officer" for the federal communications commission. lloyd is best known for authoring a book in which he suggested forcing private broadcasters to subsidize their public competition. he held a similar position in a report he co-authored for the liberal think tank. he wants commercial radio stations that aren't local or diverse enough to pay penalty. and those fees would total $250 million. how he arrives at what that would amount to is unclear, but that money, should it reach $250 million would then go to public broadcasters. well, i'll have a few thoughts about that and other issues. join me on the radio monday through fridays for "the lou dobbs show" on wor 710 radio in new york, go to loudobbs.com for the local listings in your area. and subscribe to our daily pod cast. on today's broadcast, author brian jennings weighed in on what the president's diversities are could mean to the future of free speech on the air waves. you can hear that entire interview, a lot more subscribin

in texas, congressman lloyd doggett tried to talk. >> you voted against -- >> reporter: he, too, was drowned out. one protester used his artisan reach to pick the congressman in a rather unsavory way. >> the crowd certainly was angry. i suppose some might have had a negative reaction to the poster that said lloyd doggett, traitor to texas, devil to all people. >> reporter: how did it come to this? depends on who you ask. the democratic national committee says these confrontations are orchestrated by the republican party. the democrats have released this web video. >> they've lost the confidence of the american people. now desperate republicans and well-funded allies are organizing angry mobs like they did during the election. >> reporter: the word mob is greatly insulting to the folks on the other side of the argument. many of the participants say they are simply exercising their rights. a pennsylvanian who attended a town hall hosted by arlen specter and health and human services secretary kathleen sebelius. >> i feel like my constitutional rights are being taken away from me right

i mean, lloyd blank fein, the ceo, is constantly in discussions about this image issue and they knowially going to get worse because they've got this bonus thing coming up. and i'll tell you, bob, if the markets stay the way they are, and i don't think there's a lot of evidence that the credit markets are going to once again seize up. but if you basically have what you have now for the rest of the year, goldman sachs is going to be sitting on a lot of bonuses, and what do you do with that money and how do you spin the bonus? because they've got to pay people to keep them in the best possible way to admit the damage that is going to come because people are going to criticize them. there's a couple of options they have. and this to me is the most interesting one. i'm getting this from people inside goldman, that -- not this one. it's the third one. first, one option obviously is to pay the vast majority in stocks, smaller bonuses, larger salaries. and here's the interesting thing, bob. forgo the bonuses, or much of them, and buy back stock in a major way because so many of the partners

market and financial analysis in 25 minutes but first michelle has news of huge losses at @ britain's lloyd's banking group. what we know about that? >> the bank has come forward and this was said it is all the fault of individuals and companies actually not repaying their debt. they actually lost about $20 billion almost in terms of bad loans. the knock on a fact of the bottom line when it comes to profits is the company said it made a loss of $6.8 billion. pretty bad news, especially if you are a british taxpayer because the company had to be bailed out by the british government which now owns a 43% stake in the company. >> it was not the only bank reporting losses. >> it certainly wasn't. it seems that all this week we keep coming back and talking to you about banks. we heard about another european bank, societe generale, the profit was half the size of the year before. you hear about bad loans. but what we are also seeing that in some cases, those with strong investment banking divisions, in some cases that offsetting some of the losses. we're seeing a picture where some banks are doing v

and places people who are flat-out racist who have racist policies, the head of the new fpc, mark lloydthese people are blatant, flat-out racists that have policies that are race-based, yet they get a pass -- >> you have a black head of your party. >> yes. >> surely he can somehow diffuse some of that and -- >> let me ask you, and we're running out of time here, why hasn't he done a better -- why hasn't he been able to do a better job of doing that? >> well, because unlike the democrats, republicans and conservatives don't engage in racial identity politics all the time that some were built on these other principles, so even though michael steele may be a black american, that's not his only job. he needs to fund raise, needs to get people elected, needs to get the republican message out there, so one thing at a time. >> all right. here we go from loose lips to a lost leader. this week, progressive women lost a political advocate, senator ted kennedy. in his nearly 50 years in the senate, 77-year-old kennedy sponsored more landmark legislation than any other senator in u.s. history. laws