mr. tucker. heak to ministers or officials in t treasury about that matter? >>es. nvti h r be before we completed the equity as aictiion in abu dha whu wobe at me pnt. >> i will see if we can provide that. >> u einre mibe i dersnd tt. what i am not clear about is what is your understanding of what mr. tucker wanted you to do inkas se conversation i had with paul or jerry and i had with paul r. jerry had had with paul. paul posted job is to work with people at ourel. an.teiv sometimes it would go right to jerry. it was a broad disiobo rc a hh riv t rs it. >> what it you thought mr. tucker wanted you to do? >> he was pointing out the problem and i was pntinout at pem nit ou?i wyo >>s i said, i did not take it as a directive. i took it as a head up that youare -- ah. eaaier wre id arpoing rates at which we borrow. it appeared giving that a number ofhe instituonposting nelow us h to gnm atseel e ssha bloomberg reported on. the same issue that the federal reserve report after the crisis reported on. repe.onat did cross your mind to launch an investigation inside yourwn

mr. tucker. you said -- [unintelligible] did he speak to ministers or officials in the treasury about that matter? >> yes. i cannot remember the exact conversation i had with john after that but he did follow up. right in that today window before we completed the equity transaction in abu dhabi. it was a delicate time. >> it would be useful to know who you spoke to and what the nature of that conversation would be at some point. >> i will see if we can provide that. >> you have explained how there might be some misunderstanding. i understand that. what i am not clear about is what is your understanding of what mr. tucker wanted you to do? >> i think that was the source of confusion within barkley's -- barclays. this was not the first conversation i had with paul or jerry and i had with paul r. jerry had had with paul. paul posted job is to work with people at our level. he is closer to the activity than i was. sometimes it would go right to jerry. it was a broad discussion about barclays as high

mr. tucker stated the levels of calls he had received were senior and that it was not that it needed to be the case that they appeared that high. there was one more than one resignation today. the chief operating officer also quit as there was a call for a wider investigation of the industry. >> his stepping down was necessary and right, but it was about much more than one individual. this is why we need a full, judge-led independent inquiry. >> this is the latest twist in this long-running political row. some believe that it will be difficult to attract anchors. >> they are a fine bank, but given what has been going on in the running of banks, people will find there's a lot to do. >> bob diamond was one of the highest profile business leaders in the uk. his payoff could run into tens of millions. his departure could be a game changer. >> for more on this banking scandal, i am joined by the assistant managing editor of the wall street journal. this is more than just a scandal about the bank, it is about the culture of the banking industry. certainly that is how this is perceived? >> that i

mr. tucker barnes, mr. consistency. >> good morning. >> good morning to you. >> more of the same. temperatures yesterday in the mid-90s. we'll do it again this afternoon. i think we'll take the risk of a shower or thunderstorm generally out of the forecast. today, isolated chances. >> we've had enough rain, haven't we? >> a couple of sprinkles as i was driving in. >> this morning? >> just a couple. >> all right. we'll see if we can find any more sprinkles for wisdom. i think we're done for the most part with the rain we had yesterday. we are not expecting any additional rain showers for your morning commute. that is good news. later this afternoon, there could be a pop-up storm. the best chance is south and south and east down into the lower eastern shore. i think the chances are much less than yesterday when we had some pretty good storms that rolled through. here are your temperatures. warm and muggy. 77 right now in washington as we switch the maps. 77 at patuxent naval air station. 75 in ocean city. i guess a little better there in the mountains out to the north and west. 72de

regulator from the bank of england mr tucker what do you think this attempted manipulation means more broadly about the manipulation of price signals going on in the financial system these days. well aside from all the potential issues of dust certainly rigging that's going on in the financial system and a complete lack of integrity the really important fundamentally important thing is that price signals of the lifeblood of the free market economies they send signals to investors whether something is perceived to be risky or not essentially these are canaries in the coal mine what we're learning now is that the canaries are being muzzled and that creates a situation where investors can be surprised or maybe surprised by lightning events in the markets that absolutely i'm not preceded by any price action where people can see them coming and potentially take some actions and that is very disturbing well and you're sitting there as an investor but when we don't have accurate price signals india economy this impacts everyone from investors like you sitting there trying to figure out where

mr. tucker says that he felt your libor returns could be lower, doesn't it? >> he felt that our libor rates relative to the other 15 posters -- >> could be relatively lower? >> yeah. >> why then on paying 2 of your note to this committee yesterday you said you don't believe you received an instruction? >> i didn't believe it was an instruction. >> what was it a nod and a wink? >> banks are moving to mitigate risks in asia as the global rate fixing probe wide evens. bank of scotland stopped helping singapore's lending rate. similar panels in hong kong too. and reports that bank of america was involved. we're joined by our guest host for the next hour. dave, first to you. what is the, what have we learned from the testimony yesterday? and as we start to think about all the other places around the world where rates are set this way what's the path out of this? >> well, i don't know the answer to the second question. what we learned yesterday was a combination of just the inability of parliamentaryians to get a straight answer. barclays mess has devolved into a h

mr. tucker. you said -- [unintelligible] did he speak to ministers or officials in the treasury about that matter? >> yes. i cannot remember the exact conversation i had with john after that but he did follow up. right in that today window before we completed the equity transaction in abu dhabi. it was a delicate time. >> it would be useful to know who you spoke to and what the nature of that conversation would be at some point. >> i will see if we can provide that. >> you have explained how there might be some misunderstanding. i understand that. what i am not clear about is what is your understanding of what mr. tucker wanted you to do? >> i think that was the source of confusion within barkley's -- barclays. this was not the first conversation i had with paul or jerry and i had with paul r. jerry had had with paul. paul posted job is to work with people at our level. he is closer to the activity than i was. sometimes it would go right to jerry. it was a broad discussion about barclays as high

mr. tucker. is that coect? >> yes is i whaen rte yollan rof acty >> during the investigation. >> so, you did not know that thisas going on when you spoke to m tucr onheh be00 atlde bbe t stio k. when did you discover this in the course of the investigation? what month? >> -thin hapne t ts haed cr. itas9. tonvgam the cftc asint wbohe it crisis was part of -- >>gie. oxelgh i do not mean to be cleared and in polit but to give me an pratte s imquon >> this came to name four or ve days before as s ivysor w nwa of it. my job was to make sure we have thinvestigation going on. as i explaino the chaian is douco thdiu ov this? it raises the question, you as ceo, why on earth do not know this was going onn your watch? u giv daires. ha t treo >> let me put in context that these aremportant questions. we should not rush through es wlavt ou g ugem 90 the -- >> you have made that point. you have said this many times. it is on the record. please do not repeat. fa rnsesad istill a breach of principle five. do you accept that? >

mr. tucker says that he felt your libor rule returns could be lower, doesn't it?> he felt that our libor rates relative to the other 15 posters -- >> could be relatively lower. >> yeah. yep. >> why then on page 2 of your named to this committee yesterday did you say you don't believe you received an instruction? >> i didn't believe it was an instruction. >> so what was it? a nod and a wink? >> reporter: that was referring, of course, to paul tucker, the deputy governor at the bank of england undergoing a transition as the governor steps down and paul tucker widely seen perps as the man in waiting. broadening this out, though, to moving to what happens next. in light of the potential involvement here, parliament, of course, has been debating whether or not to open a judge-led inquiry or to go to the political route and keep these parliamentary hearings going. we have got the results of the vote in. 320 to 239, not to pursue the judge-led route and reserved for more serious offenses but there will be -- clears the way or a parliamentary inquiry. could take several m

mr. tucker on the 29th of october, 28 -- 2008? >> no, i was on aware. been before the investigation. -- i would have been unaware. >> you discovered during the investigation, what month? >> two things happened -- soon after the credit crisis in 2009, there was a request that came in from the cftc to investigate. i may be using the wrong word but they want to study. it was during that when both the situation of the credit crisis was part of what i was learning going through the investigation. >> give me an approximate date when you discovered this lowball and which is the subject of the fsa memo. that is one of the reasons why you have lost your job. when did discover this was going on? a simple question. ">> the findings of the investigation of the things i learned as a witness -- came to meet four or five days before they were published. i was not alone in this but other members of management because of the conversations we had been having as witnesses were not over the chinese law so my job is to make sure we have the investigation going on. give me a

mr. tucker wanted you to do? >> he was pointing out the problem and i was pointing out the problem was not with barclays, but other submissions. >> what did he want you to do about it? >> as i said, i did not take it as a directive. i took it as a heads up. the what i said there is pretty clear. and i said, the reality is we are reporting a rate at which we borrow. it appears that given a number of institutions posting below was that they are not opposing at those -- below us that they are not posting at these levels. this is the same issue that the federal reserve report after the crisis reported on. i do not think anyone should be surprised that these things are happening. >> it did not cross your mind to launch an investigation inside your own organization just to check? >> of course, we knew our policies and i was under the impression that our policies were being adhered to. >> it did not occur to you to say, this is a great investigation by the "roster journal" but i'm -- by the "wall street journal," but i'

mr. tucker says that he felt your libor returns could be low. doesn't it?ibor rates relative to the other 15 -- >> could be relatively low. >> yeah. >> why then on page two of your note to this committee yesterday did you say you don't believe you received an instruction? >> i didn't believe it was an instruction. >> so what was it? a nod and a wink? >> europe's financial services commissioner promised to take action. he says he plans to widen market abuse laws to include libor and that anyone found have rigged the rate could face criminal proceedings. the uk office opened a criminal probe on july 6th while the u.s. department of justice is looking into collusion. >> secretary vince gable has urged barclays to show restraint. the outgoing ceo could see a multipound package. cable urged the bank to take a fairly strict view on the issue while admitting the government had no control over the pay out, you don't need direct control to put political pressure certainly on some of these institutions when they think about how much dome pen said outgoing ceos. >> a

mr. tucker alluded to it in testimony yesterday. indulge me in the history of this. we've known about these various correspondence for some time. they were not cumulative until we reached settlement and made the announcement on wednesday two weeks ago. one of the agencies that was involved in this was the fsa. all of the information that we passed to the cfdc was passed through the fsa, and very, very little information there was too. that was in the findings that were settled and we had to make an announcement. we had to decide as a board what should our reaction be to having had to make the settlement and having to pay these fines. and we debated it as you would expect and we differentiated between culpability and responsibility. and what we took comfort from, more than comfort, is the fact that the fsa did not find against that right expression, loose language, did not find against bob diamond or any other senior managers of the business in terms of culpability. however, you can't see a settlement like that without recognizing that responsibility is required. >> w

mr. tucker on the 29th of october 2008?of it. >> you are saying in the course of the investigation. >> there are two things that happened. soon after 2009, there was a request that came men to investigate or do a study, and it was during that where both the situation of the credit cards was part of what i was learning through the investigation. >> give me an approximate date when you discovered -- that is one of the reason to have lost your job, mr. diamond. >> the findings of the investigation, came to me four or five days before they were published. other members of management, because of the confrontations we have been having as witnesses, were not over the chinese wall, so my job was to make sure we had the investigation going on and it was important to the board, but the think it is important that i explained -- >> what month the do discover the reporting was coming on? just give me the day. as chief executive, why did you not know this was going on on your watch? >> i think what this refers to -- >> let me put it in c

mr. tucker says he felt your libor returns could be lower, doesn't it? our libor rates relative to the other 15 posters. >> could be relatively low. >> yep. >> why on page two of your note to this committee yesterday did you say you don't believe you received an instruction? >> i didn't believe it was an instruction. >> what was it? a nod and a wink? >> all right. bob diamond may have lost his job in the wake of this. barclays slapped with huge settlements. i'm sorry for the sirens. downgraded by ratings firms. but investors see some value here. nevertheless we had crispin odie buying into barclays calling it the cheapest bank in the world. he made money in 2009 on this as well. investors may be unsettledly the prospect of a political inquiry weighing over shares of barclays and other banks likely to be named in settlements going forward. at least some see a value opportunity here. >> thank you, kelly evans, joining us from london today. interesting discussion is what bob diamond now and when. >> yeah. >> saying he only discovered the depth of the proble

mr. tucker felt your library turns could be low -- libor returns could be low?15. >> could be relatively low? >> yes. >> why on page two do you say you do not believe you received an and structure -- an instruction? >> i do not believe it was an instruction to >> was a nod and a wink? >> there was a perception that our rates were high, and the worry that i shared with john was that if members of the government were told our rates were high relative to other, and if they then took that to mean that we could not fund or were having trouble funding, and i have to be patient here, when we were funding, in fact, evidently in the worst market environment that i had ever been a part of in 30 years in banking. it was clear that a number of the firms that were posting had emergency loans, or had been nationalized, or were having trouble finding, yet we were posting the highest level. then, as i said to paul, we are finding that those levels, but we would question whether some of the other institutions can actually get funds at the levels they are posting. >> my question

mr. chairman, thank you very much. chairwoman tucker, you stated in your testimony that the administrative acknowledgment process is broken, yet your tribe continues to pursue the path to recognition, while also seeking legislative action that would establish tribal federal status. is this parallel track necessary, and in also listening to your testimony have you been discouraged or admonished for seeking administrative relief as well? if you could touch on that. >> we have tried since we started to work administratively because you hate to admit that your government's system is broken. we were notified by the bureau of indian affairs that the process had changed. we had been sitting in how original tribes were recognized and when we were notified, it basically said we've developed a set of guidelines now and we want you to start over and the rules that came in were about this thick. we weren't really dissuaded about coming here. it just seemed like people wanted an administrative recognition. and now, that is impossible. in 2001 when t

mr. chairman, and the ranking member, to listen to chairwoman tucker, the people of the muskogee nation of florida and their continued efforts that i hope will lead ultimately, although this is not what this hearing is about, but the proper federal recognition which they have long awaited. with that i introduce chairwoman, ann tucker. >> miss tucker, thank you. if you've been doing this for 30 years you must have started in elementary school. you're welcome to speak. >> chairman young, ranking member lujan, honorable committee members. i'm chairwoman ann tucker of the muskogee nation of florida, the florida tribe of eastern creek indians. i want to thank congressman miller for being here and for his continued support of this tribe's recognition. we are the people known as petitioner 32 to the office of federal acknowledgment. in 1978, when part 83.7 was created for tribal recognition, there were 40 tribes with evidence already filed in the bia. we were one of those tribes. our people have lived on the same homelands in florida since 1861. we are creek indian people who have lived together,

. >> miss tucker, do you have the question i asked mr. gabaldon, what do you think that we should be doing here to make and improve the process of recognition? >> i think that there are some realizations that have to be made. the first one being indian people are not people who are like little -- little pegs that fit in square holes. we have the same results of what happened to us, but it doesn't happen in the same way, and when you've got that kind of situation, what happened in the great lakes is not what happened with my people. what happened in california isn't what happened to my people, so when you're looking at indian people, you have to look at historically where they are, what has happened to create the situation that they are in. in 1947, when we had the first opportunity to voice, it was about a treaty that had taken the indians from where we live, the creek and confederacy and move them to oklahoma, and we had managed not to go. we thought we would be recognized because we had to fight. it took ten years to prove to the federa

tucker, do you have, the question i asked mr. gabaldon, what do you think that we should be doing here to make, improve the process of recognition? >> i think that there are, are some realizations that have to be made. the first one being, indian people are not people who are like little pegs that fit in square holes. we have the same results of what happened to us, but it doesn't happen in the same way. and when you've got that kind of situation, what happened in the great lakes is not what happened to my people. what happened in california isn't what happened to my people. so when you're looking at indian people, you have to look at historically where they are, what has happened to create a situation that they are in. in 1947, when we had the first opportunity to voice, it was about a treaty that had taken the indians from where we lived, the creek confederacy, and moved into oklahoma, and we've managed not to go. we felt we be recognized because we had to fight. it took 10 years to prove to the federal government they hadn't k

>> tucker is like get my agentag in here now! congratulations, mr. perkins. i'm not letting you off theth hook, just tell you that. southbound 270, bumper to bumpe0 , traffic as you work out of rockville, out to the southbound edge. the accident at the bradley overpass has cleared, butt unfortunately, big delays not only on 270, but around the curve from old georgetown road, to what was the accidents scene moving traffic on the loop. also hein virginia, we are dealg with a fatal crash that remains under investigation as a resultu you'll find this portion of 110 still shut down in each direction knee 395, and the ram from southbound 110 to washington boulevard is closed. that's a check of the fox 5 on-time traffic.e >>> the music man is now in dc.. >> holly is standing by at arena stage with some of the cast members. >> reporter: good morning! we're doing our own production number. i have a great seat of fun heree when you see this greatth production, it is isin the roun, we're going to talk about that, and how to get tickets live next, on fox 5 morning news.

tucker, do they recognize you, too? >> we have no mechanism for state recognition. we were honored in 1894 and recognized in 1986 so we're a de facto state recognition. >> i again, mr. weaver, you've been recognized by the state? >> yes, we have. >> and if you're recognized by the state, and i know the virginia tribes were, mr. moran specifically showed that to us, and i just think that the -- for some reason there's a shortage of wisdom in the interior department, and i still believe my good colleagues that although it would take some time and effort, i think we have the opportunity trust-wise. we shouldn't transfer power to the executive branch. we've done it over and over in all different walks of our life and i think in this case because of the nation to nation trust authority we have to do a better job, and we're going to try to do that, you know. any other comments from any of the members. mr. lujan. >> mr. chairman, two quick questions. >> go ahead. >> mr. gabaldon, the -- one of the criteria of 25 cfr-83, 83.7g. it states that the petitioner demonstrates that neither the petitioner nor its members are the subject of a congressional legislation that has expre

mr. diamond seemingly backed down. >> i think what's interesting is my reaction to that note was appreciation of paul tucker in doingat he was trying to tell me is, bob, there are ministers in whitehall who are hearing that barclays is always high. that could lead to the impression that you are not funding yourself. >> in other words, diamond feared that what paul tucker was telling him was that barclays could be nationalized. so what did happen? well, diamond pound the finger at jerry delmesea, the bank's coo who also resigned monday. diamond insisted he had no knowledge of that misunderstanding. >> you're in charge. you're paid bonuses, 20 odd million a year in pay and bonuses. you're the man in charge. the buck stops with you. you're telling everyone that you've got to be judged on how we behave when no one is watching, complete transappearancecy and you can't work -- if you can't work with trust and integrity, you can't be on your team? you're saying all of that, you're getting paid these huge bonuses but you haven't seen any of it. you must have been grossly incompetent in your job during this period of time if

mr. speaker, just called me despicable on national television. he said, no, john, it's great. he took calista over to introduce him to john king. there was obviously gamesmanship involved in that. >> tucker: great book, great site, too. real clear blocks, read it every day. >> thanks, tucker. >> tucker: coming up, a powerful alliance that might make a huge difference in the upcoming selection. sean sits down with the author of book "tvangelcals." next it's time for the great american panel. stay tuned. [ man ] ever year, sophia and i use the points we earn with our citi thankyou card for a relaxing vacation. ♪ sometimes, we go for a ride in the park. maybe do a little sightseeing. or, get some fresh air. but this summer, we used our thank youpoints to just hang out with a few friends in london. [ male announcer ] the citi thankyou visa card. redeem the points you've earned to travel with no restrictions. rewarding you, every step of the way. great! tyler here will show you everything. check out our new mobile app. now you can use your phone to scan your car's vin or take a picture of your license. it's an easy way to start a quote. watch this -- flo, can i see your license? no. well, all

tucker pulitzer prize winning syndicated columnist. and back with us david bernstein, political reporter for "the boston phoenix" who first broke this bain story. thank you both for joining me. >> thank you. >> david, mrital in 1999. that's that. end of story he says. what's your analysis? >> well, he now seems to be saying yes, i did stay on technically as the owner and technically as the ceo and president and managing director. but i didn't have anything to do with anything. he seems to be choosing words carefully about what he had nothing to do with. he says he doesn't recall having any meetings, meetings by phone. you know, people are going to have to judge this for themselves. it seems he's admitting the fact she was technically the guy who was in charge of the company for that period of time. and we know he wasn't directly involved day to day. there's no disputing that. the question is whether he had responsibility, whether he had any activity back and forth. and right now what we have is his word for it. you know, as you've discussed many times, sometimes his word is not 100% reliable. so people are going to have to look further into it. there's going to be questions about specific things that

tucker's laugh, huh? a new warning about how jobs and how long it could stay this bad, america. wait until you hear this in a moment. [ molly ] wash your paws, mr [ female announcer ] think your kids are getting a dependable clean -in the bathroom? -[ gasps ] [ female announcer ] think again. try charmin ultra strong. for a clean that passes inspection with fewer pieces left behind. its diamondweave texture is soft and more durable versus the ultra rippled brand so it holds up better for a more dependable clean. fewer pieces left behind. now who's the man? you both are. [ female announcer ] we all go. why not enjoy the go with charmin ultra strong? martha: verying interest development that crossed wires out of nebraska. dave heineman, the governor of nebraska, says his state can not afford the medicaid expansion. if you remember when the health care decision came down from the supreme court, one thing they said, one of the things they said that the federal government couldn't force state legislatures to expand their medicare coverage. they could suggest it, tell them they wanted to do it but they couldn't force them to do it. there is movement