we will hear from two regulators today, sheila bair and from mary schapiro. and they will wrap up the day hearing from larry summers who heads the national economic council. that speech live this afternoon at 3:30 eastern over on c-span. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> this will be a minute or two before we get the program underway with sheila bair who heads the fdic. we will have a poor eli. for so a look at what's ahead this weekend on c-span networks are in 1971 as a new york times reporter. >> about the role, traditions and history of the court. >> he said he wouldn't come in here. >> the reason justice brandeis said he wouldn't come was the building was so elaborate and would go to their heads or maybe he was right. but it has come over time a symbol of the court system of the third branch of government and the need for stability, rule of law, which is what america stands for. >> supreme court week starting october 4 on c-span. c

all eyes will be on the key note addresses from f did i c woman sheila bair, mary schapiro and larry summers. that's your global stock watch. maura, over to you. >> coming on "worldwide exchange," trade tensions between the u.s. and china are on the rise. how will they impact the g-20 discussions next week? we'll have the analysis for you. >> and we're about to get insight into the uk data next week. we'll have your analysis right after this. >>> um bill-- why is dick butkus here? i hired him to speak. a lot of fortune 500 companies use him. but-- i'm your only employee. we're gonna start using fedex to ship globally-- that means billions of potential customers. we're gonna be huge. good morning! you know business is a lot like football... i just don't understand... i'm sorry dick butkus. (announcer) we understand. you want to grow internationally. fedex express >>> i'm maura fogarty. in asia, shanghai stocks dropped 3% as steel shares get hit by reports the u.s. may impose duties on chinese-made steel products. >> i'm ross westgate. here in europe, lloyd's banking group dismisses ta

i think what happened here is mary schapiro, the s.e.c. to get the job done made a terrible decision to settle is this for $33 million of the wrong people's money. no wonder andrew cuomo the new york attorney general feels compelled to get some state-level justice against the executives. i typically don't like that, but you know, because we sure aren't getting anything at a federal level i understand cuomo. here's the problem. same way that sarbanes-oxley, which i originally favored, has been taken to extremes, the government decides that people should be put in jail using existing laws, then the wrongdoing going forward is cut down. that's how you deter this stuff. if instead we make capricious decisions to clear the dockets like we got from the s.e.c., all we do is set congress to work to come up with new laws instead of using the old ones that would have done the job if the government had just enforced them. if we first kill all the lawyers, a la shakespeare, who should have been referred to instead of rakoff's gratuitous reference to t

i expected more from the current head of the s.e.c., mary schapiro. the ones under bush wanted to get rid of all regulations. they didn't believe in regulations. they built the playing field against you in the first place. so far obama's s.e.c. has done very little to build it back. now i'm going to give the s.e.c. a list of things to do in order to atone for the ultimate crime, indifference and make the market safer for you. first, get the real uptick rule back and not the fake one that only kicks in when the market is down. way to placate the public without protecting you from the rapacious stealers of your wealth. supporters of the phony solution better be aware we're on to them. ever since it was created in the great depression, in the great crash of '29 to 1931, the uptick rule protected us from endless selling. now if the government created this rule during the depression to prevent a repeat of the great depression and repeat of the great crash. then the s.e.c. under chris cox got rid of it in 2007. what happened? a repeat of the great crash. th

securities and exchange commission chairman mary schapiro will speak at a finance conference at georgetown university. and in about 30 minutes, we will talk about missile defense with former nato ambassador robert hunter.

controlling derivatives based on cooperation between myself, the chairman of the agriculture committee, mary schapiro at and gary. >> i think getting to the heart of the question, though. can you reassure wall street as well as the american people out there that every member of congress may be as well versed as your staff in all of these things, in things like d derivativ derivatives? >> no, look, i'm not as well versed in some of the aspects of the national, aeronate ticks and space. we do delegate. i can say that the decision-making will be in the hands of people who understand what we are doing. by the way, i think the financial intermediation function is very important. i think we've gotten away from it. there was a very important function. it is to akreet from a large number of people in relatively large amounts and make it available to a smaller number of people, the money you need to fuel the system, to acrete the capit capital. the means have become the end to some people. i'm committed that we're we're doing, we're going to give investors confidence that they don't now have. if you are a leg

we're not going to take you live to the speed by mary schapiro, the chairman of the sec. it is part of this all the conference that is hosted by georgetown university, the school of business. live coverage on c-span. >> it gives me great pleasure to introduce our keynote speaker, chairman mary schapiro, who is the chairman of the united states securities and exchange commission. she is the 29th chairman of the u.s. sec. she's the first woman to serve as the agency's permanent chairman. being the chairman of the sec has to be one of the most of the cold jobs in this current environment. the sec, and the whole regulatory structure is currently under the microscope. the financial crisis has exposed the many weaknesses in our regulatory framework. chairman shapiro is suited to end -- suited to head the sec during this most challenging time in the commission's 75-year history. during the few months but she has been in office, she is already moved at a great sense of urgency. under her leadership, the sec is once again restoring its credibility and is starting to be seen as the

guest: the sec which is led by chairman mary schapiro is taking a look at both of those. we need to enhance our oversight of the ratings agencies. the agency is taking strong steps on that. they are addressing short selling. we have gethsemane areas of financial reforms to address, some with congress, we have to ensure oversight for derivatives, some within our jurisdiction. the cftc is looking at position limits. as you mentioned on the ratings agencies and short-selling, the cftc has already been looking closely at ratings agencies. host: have you testified? guest: in six months i have testified three and a half times and have another one coming at. host: you might want to take a look at your laptop and look at whorunsgov.com, it is "the washington post" website. we will speak with its editor in just a moment. ♪ >> steve israel on how he uses technology and social media to keep his constituents up- to-date. >> next month a unique look at our nation's highest court, its role and history. >> it is not an understatement to say the building would not be here before or not f

securities and exchange commission chair mary schapiro. that will begin live at 1 p.m. eastern.ater white house economic adviser larry summers at that same conference. that will begin at 3:30 eastern also live on c-span. [inaudible conversations] [inaudible conversations] >> defense secretary robert gates at an air force event on wednesday. topics include an aerial refueling planes. this is about 45 minutes. [inaudible conversations] [inaudible conversations] >> please welcome chairman of the board. [applause] >> good morning, everyone. on behalf of the air force association. our forum speaker is the 22nd secretary of defense. is the only secretary of defense in u.s. history to be asked to remain in that office by a newly elected president. secretary gates joined the central intelligence agency in 1966. and spent nearly 27 years as an intelligence professional, serving six president. during that period, he spent nearly nine years at the national security council serving four presidents of both political parties. he also served in the air force as an intelligence officer at the p

and then, sec chair mary schapiro. >> congressman ron paul is wanting to hold the federal reserve accountablenting to end the fed. he will talk about this on bo ook tv. >> obama announced changes to the missile defense program yesterday, scrapping the plans to build a system in the czech republic and in poland. he said that this was because of developments in iran. he spoke about this to reporters from the white house. >> good morning. as the commander-in-chief i have to defend the country, and this includes protecting our friends and allies around the world. one threat is the danger posed by ballistic missiles. as i said during the campaign, president bush was right that the missile program of iran poses a significant threat. that is why i am committed to a missile system that is adaptable to the threats of the 21st century. the best way to advance the security of the allies and ourselves is to employ a missile defense system that will best respond to the threats that we face, and utilize the technology that is proven and cost- effective. in keeping with that commitment and a congressional r

mary schapiro like to tell her staff that she wants them to act like an arizona by. i ink shackley missed states the case. i think she is on fire lately. it needs to keep gnassingbe is going for. the job is far from done. you have to crawl before you can walk into have to walk before you can run. right now, the sec is learning how to crawl all or again. they are heading in the right direction. they probably have been out of the fraud by for about two decades and they need to get back into the fight. thank you, mr. chairman. >> thank you, mr. markopolos. matches were testimony but for your persistence, encourage and i think when the chapters are written on, how this happened and how it is corrected, you deservly will play a large and stellar role. mr. walsh? >> chairman dodd, ranking member shalle, members of the committee. i appreciate the opportunity to appear before the committee today to testify on behalf of the securities and exchange commission. my name is john walsh, and i'm the acting rector of the office of compliance inspections and examinations at the sec.

mary schapiro likes to tell her staff she wants them to act like her hair is on fire. she -- the pace of reform as rapid but it needs to keep the same pace going for. you have to crawl before you walk and you have to walk before you can run. the sec is learning how to crawl all over again. there in the right direction. there have been out of the fraud fight for two decades in the need to get back in. thank you. >> thank you. not just for your testimony but where persistence and courage and i think when the chapters are written on how this happened and how it is corrected, you deservedly will play a large role. mr. walsh? >> members of the committee. i appreciate the opportunity to appear before the committee today to testify on behalf of the securities and exchange commission. my name is john walsh and i am the acting director of the office of compliance, inspections, and examinations at the sec. let me say it without qualification that we all sincerely regret that we did not detect the madoff fraud. as i believe i speak care for everyone in the examination program, we