mr. castellano, i served on several public company boards. certainly not of the size of a i.t. other companies we have had troubles with. i don't that there is any question that boards in many cases -- not all, and years i am sure is not in this way -- into a social thing. you are on the board because the ceo of this company and the ceo of that company is on the board. it is a status thing in many cases. the ceo in many cases helps select to those board members are. most of the times they had their run fish to fry. they have companies that they are busy with. complex financial institutions, there is no way -- like no possible way -- that most possible for members really understand some of the risks that are taking place. with a limited number of board meetings, even if they are on the audit committee, it is very difficult to do. some of these things need to be addressed by governance issues that we might address here. hopefully not too many. some of them need to be addressed internally at the company. i know you advocated that in the office. but that issue of the culture, of th

mr. castellano, i served on several public company boards. certainly not of the size of a i.t.me of the other companies we have had troubles with. i don't that there is any question that boards in many cases -- not all, and years i am sure is not in this way -- into a social thing. you are on the board because the ceo of this company and the ceo of that company is on the board. it is a status thing in many cases. the ceo in many cases helps select to those board members are. most of the times they had their run fish to fry. they have companies that they are busy with. complex financial institutions, there is no way -- like no possible way -- that most possible for members really understand some of the risks that are taking place. with a limited number of board meetings, even if they are on the audit committee, it is very difficult to do. some of these things need to be addressed by governance issues that we might address here. hopefully not too many. some of them need to be addressed internally at the company. i know you advocated that in the office. but that issue of the cultu

castellanos. the memo reads "slow down, mr. president. we can't afford to get health care wrong." listen to what chairman steele said on monday. >> slow down, mr. president. we can't afford to get health care wrong. >> another part, castellanos writes "the old top-down washington-centered system the democrats propose will empower washington to restrict the cures and treatments your doctor can prescribe for you." once again, michael steele. >> the old top-down washington-centered system the democrats propose is designed to grow washington's power to restrict the cures and treatments your doctor can prescribe for you. >> and finally, the memo goes on to say, "president obama's experimenting with america too much, too soon and too fast." once again, watch michael steele. >> the barack obama experiment with america is a risk our country can't afford. it's too much, too fast, too soon. >> later when steele was asked to offer the republican plan for lowering health care costs, he responded "i don't do policy." but he does a great job of memorizing the talking points. >> when he said "i

when strategist alex castellanos issued a memo on the battle plan, party chairman michael steele echoed it word for word in a speech at washington's national press club. slow down, mr. president. we can't afford to get health care wrong. >> slow down, mr. president. we can't afford to get health care wrong. >> moyers: the old, top-down washington-centered system the democrats propose will empower washington to restrict the cures and treatments your doctor can prescribe for you. >> moyers: "president obama is experimenting with america, too much, too soon, and too fast." >> your experiment promotes-- proposes too much, too soon, too fast. >> moyers: as the republicans fired away, big business stepped up the attack, too, their lobbying and advertising guns blazing. in certain key states where members of congress remain on the fence, the airwaves are vibrating with television commercials aimed at shifting hearts and minds away from any change that might threaten profits. >> what will happen to your family's health care if washington runs it? now washington wants to bring canadian-style health care to the u.s. >> moyers: president obama rejected the republicans' waterl