buying european government bonds for them it is something to think about he said so max tell us who myron scholz is well of course he's he's a big we'll go prize winner for the black shoals option pricing volatility formula he is to derivatives what einstein is to atomic weapons he created the old idea of splitting the dollar into two parts reward and risk and then trading a risk separately and then creating now seven hundred trillion in derivatives which is pure risk no equity by the way that number's up over the past half year to new record amounts people thought of the rivers market was shrinking no it's a new all time highs along with the quantitative easing that's come face to could all myron shoulders option pricing volatility formula we can now look forward to having many more trillions of dollars worth of worthless paper trading on worthless paper which is nothing more than a huge ponzi scheme run out of berlin whose intentions are not to run europe. wrong the world why would we ever think that they want to change the world are saying well max jean has a long grandma ate our bon b

myron t. think there are chances for a serious discussion of the kinds of issues we are talking about? >> well i think i would like to hope so. certainly we can't wait 18 months or two years to begin important debates about entitlement reform, corporate tax restructuring, the issues of immigration, trade policy. we can't wait. the world is not waiting so i would hope that we could again these discussions. we need to have this discussion and we need to have vigorous debate and i hope the election process allows us to understand better where we can go as a country. we need to find a way to bring the right in the last closer together to resolve the important issues that our country faces. >> thea day where do you think we'll be? >> the political year doesn't get any by a lot of optimism now, the way the debate has focused. what i would love to see is for congress to really focus on what is important which is generating aggregate demand and there a lot of obvious ways that the president has put on

myron joins us now, the sports director of fox affiliate in oklahoma city, let's begin with the latestn the people who got hurt in all of this. what else are we hearing about those injured? >> well, the latest is like you said, 10 were injured and two airlifted to oklahoma city, about an hour away and guarded, but stable condition. one was a student and the other was an adult who they had what they're calling a medical episode, i don't know if that's a heart attack or whatever, again, guarded, but stable condition and some of the other injuries including bumps and bruises and a couple of broken ankles by a couple of individuals that had to be reset by the hospital there, but the situation for all who were there involved in the melee. >> and you just say the names of the schools, oklahoma state, oklahoma university, and you know, within the states there's got to be a huge rivalry. this one is like bedlam though, do they not have security prepared for something like this? >> and some call it mayhem, i guess, bedlam. a scary situation, they had local police and the highway patrol and secu

myron bell kind is an adjunct professor at the george washington school of media and public affairs and our npc treasure. the washington bureau chief and white house correspondent with american urban radio network. and less president for communications with the association of american publishers and the guests are speaker. nice to have you here. slipover the podium for just a moment. for speaker committee chair. this may be her last luncheon here today. thank you for all the wonderful work you have done this year. let's skip over the speaker. the wall street journal, and she is a member of the committee and a co or answer of today's event. thank you for that. the executive producer and a guest of the speaker. nice to have you here as well. a reporter with the los angeles times. this is a long list of titles. former nbc president, washington bureau chief with deceasing chronicle and also the president of our national journalism message. any member of the club, editor of the washingtonian magazine. at the end of the perfect touch the end of the table professor at georgetown university and

when myron t. herrick, pop popular, but moderate governor of ohio said that he thought local towns should have a voice in what they were doing, the anti-saloon league got him unelected and the democratic challenger who was thought to have in chance in the race was elected in his place. it is a fascinating story which seems ultimately modern in every respect. they were turning out tons and tons and tons of anti-liquor propaganda every month from their plant in westerville, ohio, the headquarters, a town just north of columbus. it is a fascinating story, but what is more fascinating is how a majority of americans came to embrace the notion that we needed an amendment to the constitution that actually limited human freedom when every other amendment to the constitution has actually expanded human freedom. that has been the american model. we have moved forward into our uncertain future by extending to the citizens more rights than they had before. this is the only amendment that actually curtailed tho

myron's statement underscores the detail, the breadth and complexity of our dodd-frank will making activities i would like to emphasize a few of our recent actions. just over a month ago the commission adopted a new rule that requires hedge fund and other market fund advisers registered with the commission to report system across information. this rule adopted jointly and in heavy consultation with. [inaudible] and distilled to the size of the fund. in august our final rule became effective establishing a whistleblower program mandated by the act. since then the commission has received hundreds of tips to the program from individuals all over the country and in many parts of the world. we already are are reaping the early benefits of the whistleblower program through active and promising investigations utilizing crucial whistle-blower information, some of which we expect to lead to rewards in the near future. with regard to credit rating agencies the commission proposed rules and tries to strengthen the integrity of credit rating. among other things improving transparency. in addition the com