mr. kessler: you are a business network.l corrupted because there is no rule that stops you from getting paid what you are worth? you think mike bloomberg feels corrupted? stephanie: but we are not in school. mr. kessler: these are businesses and that is what is important to understand. looking at ncaa best ball, it is an $11 billion contract just for this. the schools on their own cable television networks. as i have anything to do with being in school? schools have sponsorships. they can't drink anything other than gatorade. bill: people get charged for failing those silly rules and that is ridiculous, but there is a great area between that and what is being proposed which is let the market decide to pay one person $5 million to pay best basketball in kentucky. mr. kessler: would you watch duke one game less if the athletes on duke were to make 10% of the coach's salary? stephanie: is it about him as a dude fan -- a duke fan? let us talk about how it would affect the university and all the other sports at the university th

mr. kessler: certainly not. gains on the government bonds we bought 3-5 years ago. so why should i cede those bonds to the ecb? there is no reason to do that. from the start of the quantitative easing exercise announced in germany, i said it was going to be a problem that the ecb was going to face. i didn't know who was going to cede those bonds to the ecb. large investors like scor were going to keep those bonds. i think the shaping of the quantitative easing exercise it is too late, it should have been done three years ago and not today. it is too late. it is badly shaped. i don't think it is going to help a lot the recovery in europe. francine: you are basically saying -- and this is something that analysts have told us -- because you own so many of these government bonds, that no one in your position would sell them and quantitative easing is way too late. what does it mean for the market? mr. kessler: it means that for the days we are living right now, it is very clear. investors by equities. -- investors b

mr. kessler is on there this morning. a lot of people don't know these situations, alcohol, hitting the bars in front of the white house. it should be something that should be out there. i personally did not know that. if it was anybody else, and any other town in the united states, if somebody had been drawn, and ran into anything, they would be -- guest: absolutely. caller: that is not a fair assumption of what we pay our secret service for. guest: in my book, i reveal the dishonesty that the secret service and in. that of course is relevant to this cover-up mentality. for example, in the secret service, when members of congress come out to visit their training center, the secret service puts on the senate is to show how great the agents are. they find the explosives, and they are presented as spontaneous. in fact, they are rehearsed secretly beforehand. of course, the secret service claims credit for a rest -- arrests that the police make. additionally, the secret service will ask agents to throw out there scores on ph

mr. kessler is on there this morning. a lot of people don't know these situations, alcohol, hitting the bars in front of the white house. it should be something that should be out there. i personally did not know that. if it was anybody else, and any other town in the united states, if somebody had been drawn, and ran into anything, they would be -- guest: absolutely. caller: that is not a fair assumption of what we pay our secret service for. guest: in my book, i reveal the dishonesty that the secret service and in. that of course is relevant to this cover-up mentality. for example, in the secret service, when members of congress come out to visit their training center, the secret service puts on the senate is to show how great the agents are. they find the explosives, and they are presented as spontaneous. in fact, they are rehearsed secretly beforehand. of course, the secret service claims credit for a rest -- arrests that the police make. additionally, the secret service will ask agents to throw out there scores on ph

mr. kessler a short while ago that some secret service agents might consider being on the staff regarding hillary. my consider that to be a punishment assignment. and i am just wondering -- my concern is that i am wondering if the attitudes of people in politics and -- in some cases could be arrogant? or unforgiving? and possibly taking guest: sure. that is exactly the point. if you don't looking these things, we will suffer. if you look at richard nixon, before he was engaged in today's ethics controversy -- we got watergate. in the rest of our lives, we look at the elusive character, and we don't deal with people like that. in the case of hillary, she shows arrogance in the way she treats arrogance, in the same way, she decided to put all of her government e-mails on her personal server. incredible erick bennett. that can only be magnified when selling gets into the white house and they amass all of this power. host: you bring up the server issue. she said in that press conference and the u.n., when she was asked about it, that it was at home protected by the secret service. is the secr

mr. lower. >> kessler buti is the last speaker. >> kefner, i'm here to thank the staff for all their hard work in these extensive deliberation, it's been a long process for them and we also thank the sfmta for the opportunity to provide service again and we ao*f been honored to do that for the last six years, i want to give recognition to the three local business enterprises that will be working with us, this contract requires 20% of the services to be provided by lbe's because they are only doing the unarmed component of it it probably represents almost 35% of the actual labor hours to be provided here and we've made a decision that the community and the sfmta would best be served by dividing that very extensive amount of work amongst three highly qualified lbe's and we were pleased we were selected for that process, with that, i'm here to answer any questions you may have and other than that, we thank you for the opportunity. >> could you come back up, i believe mr. heinicke had a question. >> my understanding is and klek me if i'm wrong i aoep not trying to be flippant about this, the

mr. kessler has been on the show several times. he has authored a book called, "the first family."ere's what he had to say, a little bit -- obama is in denial about the secret service. choosing clancy in february to perform the agency, obama ignored the chief recommendation of his own four-person panel. obama turned to clancy, a career agent who earned his trust as head of the president protective detail and who had been acting since october. clancy represents everything that is wrong with agency. there hasn't been any doubt about that. it should have been this held when clancy was stonewalled at a house judiciary committee on whether anyone would be held accountable for making false statements about the intrusion on the white house that happened several months ago. here is a elijah cummings, the congressman on "face the nation" about the secret service. [video clip] mr. cummings: it is externally frustrating to see an agency that is supposedly the number one lb agency protecting the most important person in the world, the most powerful person in the world, to operate like this. di