brian moynihan got approval to increase his dividend payment. it's going up to five cents from a penny. if we were to draw a contrast, bank of america is doing something better than citigroup. >> most of their problems are mortgage related. the acquisition of countrywide is really what heard that institution. that is something moynahan inherited and did not do himself. citi was put together over 20 years. >> 100 different companies. >> credit card portfolios and mexico. it's going to take a lot longer to work out all of those problems. they don't really earn their calls for capital yet. jpmorgan and wells fargo earn well above their cost which allows them to earn out of their problems. bank of america is farther down that road but even they got aimed a little bit with capital management. citibank has a way to go. >> about bank of america -- they passed the stress test after adjusting his capital plan and brian moynihan finally delivered on his promise to raise the bank's dividend. now it's going to be five pennies a share. but they did not walk

sitting at the table. >> guest: a young patrick moynihan. he was in the president's cabinet, and though a liberal democrat, it just showed the range that--that nixon used to get the members of his cabinet and their different political beliefs. c-span: do you know these people personally? >> guest: no. i n--knew one or two of them very casually. but i got to know some of the aides to the president while doing the book. c-span: what's your--when you approach photography, what are--what are your couple of things that you always do? what's your--what kind of camera do you use? >> guest: i use 35mm primarily, and for photojournalism, that is the--the--the main instrument now. i used, for those that are interested, a tri-x film for this, and i had the same exposure generally all the way through the book. when i do a photograph, i don't like to just do a--a shallow and--and one-dimensional image. i like to get as much information into the photograph as i can. the background becomes just as important to me as the--the foreground or the subject that-

moynihan tried to do this.ime have tried to deal with issues of cycles of poverty. i don't know if you do it in a budget. i don't know what you can do in social engineering which we do all the time. we all believe in social engineering. get all the kids coming out of world war ii to go to college. it's called the g.i. bill. social engineering. social security so hold people don't have to live with their kids. they can move out on their own, live in their own homes. social engineering. what can government programs do to help people get to work? to me, that's a great question. get to work. be self-reliant. is there anything in this whole budget process that's positive despite dumping on black people again? same old, same old. your thoughts? >> there's something in president obama's budget proposal that's positive and would affect the ability of people to get to work and that's pre-k education. universal pre-k. quality pre-k education. it starts there and it builds. you know, every year, the software industry goes

. >>> talking about bay area rental and housing, 45,000 bucks a moynihan rents in this san francisco neighborhood. we'll tell it to you next. >>> i'm meteorologist jeff ranieri. the hills are green towards dublin and east bay. we'll talk about a warming forecast and how i had temperatures could go in just few minutes. >>> at 6:00 a san jose business ripped off. but a new crime fighting program is already paying off. >> they stopped this guy a half hour after i called in. >> our camera was there for the bust. >> these guys are awesome. >> that's news at 6:00. >>> the luck of the irish has streets shut down in san francisco for the st. patrick's day holiday. here's a live look at o'reillies in the north beach neighborhood. lots of people enjoying the good time. have fun but don't have fun driving. officers in the city across the bay area will be performing dui patrols all night. keep the luck of the irish on your side by not driving. >>> new at 5:00 the bay area is one of the highest rates of human trafficking in the country. today san mateo county rolled out a new program to fight thi

michael moynihan says we should chill out a columnist for the "daily beast".exual than anything my generation did. >> in that madonna was creating sexual acts. >> but she is 21 years old. what has been the effect? teenage pregnancy rates are down precipitously and aristide rates are down. to talk aboute are offended people say i turned it off lacey is a beautiful thalmann naked on television. you do? what is the fact? maybe we are overly ceralized what is it doing to them? >> if they are more likely to have sexoung and not for a healthy relationships. >> garett is a truthat with young people. look at the studies and the trend line is going down. john: the oldest -- l. this backlash and sullivan. but then later he did the "washington post" says no respect for customs and berliners year revealing the is generational people were disgusted by elvis presley. >> you can write these columns if there is nothing to be panicked about we think we are unique. the people are beingith us doing something we've never would have done. it is nonsense. john: i don't think most k

guests next week include, oh, patti ann browne, sonny johnson and mike baker and mike money -- moynihanwander around. >> last story. that's the last story. >> what's wrong with you? does your pet feel regret? dogs may look remorseful after pooping in your shoe, but studies show they don't feel guilt for their bad behavior. y believe it is a reflection -- they believe it is a reflection of their owner's shame and scolding. i feel no remorse at all for pooping in shoes. that's part of a club that pays me to do that. it is late. all right. >> you belong to a lot of clubs. >> i do. i am a joiner. >> half of your paycheck must go to dues. >> and dudes. quickly around the table. what is wrong with my mouth? true, untrue? >> i don't know. i had one dog growing up because my dad wouldn't let us get a dog because he said i will be the one to take care of it. but it is important to point out i am getting a dog in five weeks, a golden retriever. they know they are going to get in trouble for something and they panic because they are hearing a loud noise. i don't even know. >> did you read the arti

with the democratic meeting with patrick moynihan and he did go on to win but the pfizer said don't beefensive the president obviously is watching to see if they can make you uncomfortable. look for opportunities for humor. it is important people see the funny side and only see you as stern. >> the number of people who privately again reminded to be real. >> allies were quick to note nothing earth shattering was contained but that asks why were they suppressing for so long? >> just to avoid document released that may be unpleasant. >> with 4,000 pages released today with editions popping up as the day went on. the remaining 25,000 pages will take about two weeks to come on line. lou: something to look forward to. moving the northern california high school acted reasonably when it asked its one dash jack stephens to remove the american flag shirts on sync tamayo to avoid racial tensions. the incident that sparked a lawsuit was violated. the attorney says he will appeal the decision all the way to the supreme court. a nasty brawl breaking out last night. seconds after the buzzer sounded

. >> money gnaw han, i -- moynihan i was promised a libertarian. >> you thought it would be a belt. as somebody who leans libertarian, the thing is there is a number of marijuana legal ization that is up from 2006. libertarians like myself delu de ourselves. they just like drugs a lot. there is nothing wrong with that. that is great. that's why i'm a libertarian. they like drugs and gay marriage and they don't like paying college loans. that's the big government bit. >> they think it operates like call of duty and it doesn't. i can tell thaw. >> sometimes they can kill nazis. >> i was thinking of modern warfare. >> that is the only party i associate with, the nazi party. >> last word to you as a mileniall. >> i am a strong and mpped -- and independent woman. i pay my own bills. i don't need a man. >> i am going to let you keep going. >> i talked to my friends. it is so hard to say you fall into one or the other. they see in gray or rainbows. i am not opposed to either. >> that was nice. >> you should move to canada. they have three parties. >> don't listen to her. >> one is the nazi

run if we have a turn in the economy and, the fact is, that people give a lot of kudos to brian moynihan sheet back. adam: settled with the government, cleaned out the problems. >> so the betting is that those guys get their major, get something, they can do something good with dividends and buybacks. then there is jpmorgan. you know here's the thing. they came out announced a dividend. a lot of people think they will increase it from this level. that is something that jamie dimon i would think would want to do. again, we're getting the impression from the analyst that is he is going to be given the go ahead for that. cheryl: how crucial at this point in time are the stress tests? i mean we've been going through this for what, three years now? >> i think they're crucial in this sense. all the banks want to be more aggressive in buybacks. and in terms of dividend. why is that? these are companies that can't take a lot of risk. how do you attract investors? these are ways to attract investors. they know there is not a lot they can do. they can't go out and do proprietary trading anymore. t

. >>> as the saying goes and the saying goes that this came from a great senator pat moynihan who saidne is entitled to their own opinion but not to their own facts. i have guessed the koch brothers have been able to buy their facts over the years, not pay any attention to whether they were true or false. >> that was senate majority leader harry reid today once again taking to the senate floor to slam billion political donors david and charles koch. reid's speeches against the koch brothers are part of a larger democratic strategy to make the koch brothers a major issue in the 2014 midterm elections. in the past harry reid has called the koch brothers unamerican and those who support them addicted to koch. today's word of the day was radical. >> when senate republican senators rush to defend the koch brothers, they are also defending the radical policy. how do we know it's radical? because they said it's radical. they said so. i'm not making those words up. they said -- one of the brothers kept harping on the fact that he has a radical philosophy. and they do. so i ask my republican co

family breakup our family noninformation unfold for the last 40 or 50 years in the go back to the moynihan report which became infamous depending on your perspective in the 60s. he focused on the black family and he was very concerned. this was considered a scandalous number back then where the out of wedlock birthrate in the black community is 25%. that was a shocking thing that a high official produced a report that said that. in the hispanic it's more than 50% in the white community is 29 to 30% said there has been a sea change here. it is worth pointing out however that the negative social outcome and many people said dire consequences to a large extent haven't happened. if you look at most of what we look at for the well-being of children high school dropout rates, college attainment, crime and other antisocial behaviors in fact the lines go in a positive direction. that speaks to something that i think a number of the parts of the book go to which is the old family, the old nuclear family the ozzie and. family has a completely distant distant -- hasn't completely completely disappear

. >> seth: and you had -- you were there with bobby moynihan. another person who loves comics.st celebrity sighting. well not -- you were celebrity sighted. >> it was maybe the moment where i realized i've made it. >> seth: mm-hmm. >> bobby, who is as big if not bigger, a nerd than myself and i were on our way to video game party on a pirate ship, obviously. [ laughter and applause ] and -- yeah. the best night of my life! and i'm married with a kid. so -- [ laughter ] that was the best. and we're on our way and we're talking. we just can't believe it. it's like our nirvana. "we're at comic-con!" and we're there for "the awesomes" which is your show. so funny. give it up for "the awesomes." [ cheers and applause ] >> seth: thank you. thank you very much. >> season two on hulu coming up. and we're walking by and we're so happy. near skipping along. and we hear just as we're walking by this bar like, "hey! hey, yeah, that's them! the fat guy and the gay one from 'snl'." [ laughter ] and we were like -- i was like, i thought i'd been working out. but apparently --" [ laughter ] >>

. >> i would say, besides bobby moynihan who's like a real hockey player, it's myself.h. he's a mighty duck. [ cheers and applause ] >> m.d.! right! >> seth: and i will say like -- >> i got lucky. i can really skate because of that movie. >> seth: it was the first time we did it. i remember we got down there. and like, i grew up in new hampshire. like, i been on skates. >> right. >> seth: and i get out there and you're just like -- >> wicked fast. >> seth: and i'm like, every time you go by, i'm thinking, "atlanta. he's from atlanta. >> exactly. >> seth: what's going on here? >> yep. >> seth: and i was like, "what is this?" and you're like, "i'm a mighty duck. i'm a duck." >> yes. it's real. we can all skate. >> seth: you can all skate. >> yep. backwards and everything. >> seth: i'm very happy for you. another very exciting thing happened. you shared an office with colin jost. now the weekend update anchor. >> i know. congratulations to colin. >> seth: eight years. and now, i left. he took over my office. for the first time you have your own office. >> i hate it. [ ligh

this family breakup or family nonformation, unfold for the last 40 or 50 years, going back to the moynihan report which became famous or infamous, he focused on the black family. he said many of our antipoverty problems going to work. this was considered a scandal louse number back that think, the out of wed look percent in the black community is 25%, and that was a shocking that a high government official published a report that said that. today the out of wed look birth rate in the black community is 71%. hispanic community, 51%, white community, 29-30%. so there has been a sea change here. it is worth pointing out that the negative social outcomes that many people said would -- the dire consequences that would spring forth largely haven't happened. and if you look at most of the indicators we look at for the well-being of children, high school dropout rates, college attainment, crime, and other antisocial behaviors, in fact the lines are going in a positive direction. so that speaks to something i think a number of the parts of the book go to, which is the old family is -- the old nucle

one more recent example is warren buffett it up the phone and called brian moynihan in 2011. >> he thoughtf the idea in a bathtub. >> radcom exactly. [laughter] -- right, exactly. [laughter] >> you can see the affection between the men. i want to read some comments that were e-mailed to me. warren buffett, to your point, noah buhayar, e-mailed me yesterday, and said i have given larry silverstein all of my various phone numbers and told him he could call me day or night because he felt the investment paid off so well. larry silverstein e-mailed me and said considering we are both in our 80's he thought it was important to express his gratitude while he could do it and i could hear it. these are long-term friends. >> right, answering i have a sense of humor about this, which is fun to read about. [laughter] >> right. let's look at warren buffett's portfolio. ,e buys and he holds forever for example, like with coca-cola. >> it was one of the things he wanted to highlight this year. the market, if you are looking at the valuation or the price quotes every day, it will throw out crazy numbers,

writes in, he says how do you compare of the president of the united states' performance with brian moynihan'sr the last five years? obviously you own a big stake in the bank of america. >> they both had very, very tough jobs and both settled down to do them. you do things one thing at a time. brian moynihan took something that was a big, big mess, which he inherited, and the size was almost overwhelming. they just methodically worked on one problem after another. but he did not have to get the united states congress to agree with him. >> we'll continue this conversation, again, warren buffett is with us for the remainder of the show. joe, right know, we send it back over to you. >>> markets continue under pressure this morning as you know, we'll have an update on the futures action. and many more questions for the legendary investor warren buffett when we return. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening

brian moynihan got the approval.s doing something better than citigroup is doing. >> b of a, their problem is mostly mortgage related. countrywide heard that institution. again, something that moynahan inherited. citi was put together over 20 years. very complex. nobody really knows how it works. assets all over the world, 100 different countries, credit card and mexico. that is going to take a lot longer to work out all of these problems, and the problem with both the ma a and city if they do not own their cost of capital yet, and without j.p. morgan and wells, they earn their cost of capital. citi and to be of a are not enough. be a vague idea and a little bit with capital management. citi has a longer way to go. >> clearly the blame is being laid at the feet of michael corbat for the time being, but i have to wonder whether all roads do lead to the copresident of the bank, the ceo of the global operations. citigroupbell covers for bloomberg. he is the former ceo of the mexican unit food just recently uncovered a s

moynihan, therian guy running barclays right now, do they have more skin in the game now or is it justess as usual? >> they do have more skin in the game from every perspective. their capital ratios are much higher. of course, dodd-frank requires them to have specific skin in the game in a new way. but one story that really fell off the pages that people have not focused on -- the volcker banks can do in setting up the equity funds that they have been setting up before. you know what the exemption for that is? housing related investments. in other words, at every turn, if you go down all the reforms, what you see is the government always creating this exception because real estate is such a politically charged area. but it is also a very high risk area. learnedher words, we nothing. we really have not progressed. just going back to where we were. >> one of the insights of the book is that political coalitions and the powers of those coalitions are very robust. politicians like to make claims about reform. >> a massive shout out to charles calomiris -- you before anybody said greece wou

but as the saying goes, and the saying goes that this came from the great senator pat moynihan, who said "everyone is entitled to their own opinion but not to their own facts." but i had guessed the koch brothers had been able to buy their facts over the years not paying attention to whether they were true or false. this week media outlets from new york, and especially "the times" to "the washington post" to the detroit news have revealed the truth, and here's the truth. millions in political ads sponsored by these two multibillionaires are misleading, at best, and outright false in many instances. mr. president, the truth is the koch brothers are willing to do anything, even exploit americans suffering from cancer, to advance their campaign of distortion. mr. president, i'm not afraid of the koch brothers. none of us should be afraid of the koch brothers. these two multibillionaires can spend millions of dollars of their money rigging the political process for their own benefit, but that doesn't mean we have to lay down and take it, because we're not going to. they may believe that whoe

but as the saying goes, and the saying goes that this came from the great senator pat moynihan, who said "everyone is entitled to their own opinion but not to their own facts." but i had guessed the koch brothers had been able to buy their facts over the years not paying attention to whether they were true or false. this week media outlets from new york, and especially "the times" to "the washington post" to the detroit news have revealed the truth, and here's the truth. millions in political ads sponsored by these two multibillionaires are misleading, at best, and outright false in many instances. mr. president, the truth is the koch brothers are willing to do anything, even exploit americans suffering from cancer, to advance their campaign of distortion. mr. president, i'm not afraid of the koch brothers. none of us should be afraid of the koch brothers. these two multibillionaires can spend millions of dollars of their money rigging the political process for their own benefit, but that doesn't mean we have to lay down and take it, because we're not going to. they may believe that whoe