one can only get a reservation for four months. to get a new one, one has to spend an incredible amount of hours to get a new reservation. in the meantime, you lose your job because of the prejudice and stigma attached to the homeless. the assumption still is that one is homeless, in a shelter, because you are lazy, stupid, or crazy. to just be a normal person trying to get your life back from the great recession has not quite manifested itself. so if you could possibly make it easier to just get a new reservation. i am one of many people. if i could get a new reservation, i would do the rest. i hope something can be done. i am speaking on behalf of many people. also, just to get a 90-day reservation, you spend half the night standing outside the resource center and the most dangerous neighborhoods in the city. i am and able-bodied person. i do not know how the elderly and handicapped people could withstand those riggers'. so, again, if you could please facilitate that system on behalf of many. thank you .. [applause] >> let's have one last rou

reserves. the gentlewoman from new york is recognized. ms. slaughter: i reserve. the speaker pro tempore: the gentlelady reserves her time. the gentleman from texas, mr. sessions. mr. sellingses o -- mr. session: thank you very much, mr. speaker. at this time i'd like to yield three minutes to the gentleman from california, the chairman of the rules -- rules committee chairman, the gentleman, mr. dreier. the speaker pro tempore: the gentleman from california is recognized for three minutes. mr. dreier: i ask unanimous consent to revise and extend my remarks. thank you very much, mr. speaker. i'd like to express my appreciation to the distinguished vice chairman of the committee on rules, our friend from dallas, mr. sessions, for his superb management of this rule. i'd like to say as we look at where we are going, contrary to arguments that have been propounded here on the floor, it's important to note that everybody wants to do everything we possibly can to ensure that our fellow americans have access to the best quality, affordable health care in the world. we ha

apple hopes a new reservation system will help keep crowds calm and happy for friday's ipad release. >>> google reports its profits today. a money making machine. what we are looking for on the conference call is any reaction to the loss of marisa mayer who left to become yahoo! has's new ceo and we wish her well and the standard pr stuff which we have already heard. something a bit more interesting than that. >> scott, thanks so much. >>> the naked truth. an oregon man on his way to san jose who stripped nude at portland's airport security has been found not guilty of indecent exposure. a judge ruled his act was that of protest and protected speech. brennan arrived at the airport in april intending to take a trip to the south bay. when he reached the gate he chose to go through the alternative metal detector rather than go through the airport's body scanners. when an agent said he detected nitrate on the gloves he used to inspect brennan, brennan took his clothes off to prove he was not a terrorist. >> protect his speech? we want to protect our eyes. >>> fog rolling into the brentwo

reserve is moving closer to act that lifted markets. we bring in strategy talk right now with david cudlan, david steinberg, and keith wertz. how important is new stimulus from the federal reserve right now? >> the market has been waiting for this announcement for a couple months now. the gdp being released -- i think the market is preparing the fed is preparing the markets for action on the horizon. >> why do that? why come out and say if growth doesn't pick up we'll be there soon. >> i think they wanting to take action. it's ironic, if you think about the last 20 years, it's been rare. it's been taboo for the fed to take action. things seem to be difference. i think the fed really wants to take action and not being criticized. they're getting the market psychological for action. >> let's get to steve leisman, he has more details on what fed is saying here, saying if brout doesn't pick up, they're going to be there. >> there's not a whole lot of new information in it when i think about what's been said on air for the last several weeks and when i read this report. but what the story says, and let's be careful, it says the fed might act on augu

is very serious, the present secretary of the treasury, geithner was the president of the new york federal reserve at the time that this was going on. did he know? did he look the other way? did the new york federal reserve have any liability? we will see how deep the obama justice department wants to dig as it investigated this one. >>shepard: there has been a lot written and it sounds like, strangely, a lot of people knew this was going on. >>judge napolitano: presidents of loans and trillions of dollars. this could be one of the largest institutions of bank orchestrated fraud in the history of the world. >>shepard: the banks are committing fraud against the people? hard to imagine. i never would think that was possible. >>judge napolitano: see where it goes. >>shepard: thank you. all as middle east tensions rise by the day, and they are rising, pentagon officials say the united states sailors had to open fire on a boat in the persian gulf. so what led to that? what does it mean? we will get into that. and a major international group says the syrian uprising is, in fact, a civil war. gee, do you

in 2008, geithner was head of the new york federal reserve. he sounded an early warning with british and u.s. regulators about weaknesses in the bank-to- bank lending rate known as libor. it's a key global interest rate and one which traders and banks are accused of manipulating. darren gersh reports members of congress aren't convinced geithner did enough. >> reporter: back in the spring of 2008, geithner says he sent a detailed memo to the bank of england warning that it needed to reform the way british bankers came up with the libor rate. >> we were aware of the risk that the way this was designed created not just the incentive for banks to under-report, but gave them the opportunity to under-report and that was a problem. >> reporter: but members of congress said the problem was deeper. >> if they were having structural problems, i thought your email was appropriate. but what was being disclosed here was fraud. >> reporter: geithner argues british bankers set libor and british regulators had the authority to act. >> our first instinct as y

-- memorials and museums master plan achieved two important goals, first it identified a reserve area where no new memorials may be built. congress codified the reserve in the 2003 commemorative works clarification and revision act. ncpc strongly supports the reserve policy which maintains the mall's open spaces and existing memorial landscapes that are admired and enjoyed by americans today. the master plan significantly also identifies 100 potential sites for future memorials and museums throughout washington, d.c. this strategy does a few things, it protects the mall, it help s response sorries visual their -- all four quadrants of the city. the master plan has successfully guided six projects to other locations off of the mall, including memorials honoring eisenhower, the u.s. air force, the victims of communism, the victims of man-made ukrainian -- now let me speak to the monumental core framework plan. in 2009, ncp and -- this plan identifies strategies to extend civic qualities of the national mall and the vitality of the city into federally dominated precincts throughout the monumental cor

territory lost out on loans twenty percent of america's new radium reserves are presently mining in the state of wyoming for example this is something you probably couldn't imagine some three or four years ago today it's a reality that we own a controlling stake in your anian one the world's largest corporate owner is miner of uranium resources forty nine percent of the company is owned by several thousand private investors which is another area where we've opened up is the construction of nuclear facilities we have a similar situation in mechanical engineering and we don't own one hundred percent of our hardware producing companies anymore and we intend to reduce our respective states to fifty one percent and in the long term once there was carefully free competition in the industry i think we would be able to sell all those industrial assets together but as far as knowledge and technology are concerned the government should retain a controlling stake as for nuclear defense related assets the states will keep not just a controlling stake but one hundred percent ownership of them for ev

could you describe the role of the federal reserve bank of new york and its staff are playing in the drafting and completion of -- completion of that rule? >> well, we sometimes draw on reserve banks for specialized expertise. for example, in the securitization laws -- rules, we try to look at existing arrangements for credit risk retention for different types of markets and people in new york who deal with those markets on a regular basis would be helpful in providing that kind of information. but the -- of course, the responsibility for drawing up the regulations and making the financial determination lies with the board of governors in washington and although we may use expertise from new york, it's a board decision. >> thank you. last question. when discussing the nonstandard monetary policy tools that the fmoc is implementing, you've consistently said the level of accommodation that the economy is receiving is based on the total stock of outstanding securities in your portfolio. and in june, the fmoc announced it was taking steps to extend the maturity of its treasury portfolio r

regarding the federal reserve's role, the federal reserve bank of new york takes the lead in gathering market intelligence for the federal reserve system. it was in the process of gathering market intelligence when it received information about libor's submissions, notably phone call on april 11, 2008, in which a trader in barclay's new york told an employee of the federal reserve that he thought that barclay was underreporting its rate. about that same time, stories began to appear in the media as well. there was an april 16 story in "the wall street journal" and "financial times" also had a number of stories. i'd like to make two preliminary points before talking about the federal reserve's response to that information. first, the information the fed received was about the bank's possibly submitting low rates in order to appear -- to avoid appearing weak during the period of the crisis. the transcripts of the phone calls that were released have no reference to the manipulation of rates for profit by derivatives traders as alleged by the recent decision. the second point i'd like to m

terrible news means the federal reserve does more qe. the more qe there is, the more we will be propped up. the markets are not happy that things are slowing down. they want them to be worse so things can get better. that seems strange, but that's how the markets are working at the moment. >> the markets are holding out with a lot of hope because of the election around the corner. they say they do not want to be seen as political. they may act sooner rather than later. >> i think those last week when we reported on this factory in france closing. it seems like that's something the government does not really want. >> it's not often that we hear publicly about a government minister basically begging the boss of a big company. that's what's happening in france. the industry minister has called in the boss of the car maker to basically plead with him to not close down this plant outside of paris. we are being told that this so- called pleading will probably fall on deaf ears. the reason is we've already heard from the car maker boss. he said

class one felony. >> developing news in east oakland where a police standoff has been going on for almost nine hours >> from across the bay >> when it comes to making reservationsonline in typical bay area fashion there is an application for that >> to around the world >> wow >> sally ride, the first american woman in space, has died. >> the stories that matter on eyewitness news this morning. >> nothing says god bless the usa like a beret. >> a good morning everyone. a young couple is dead and more than one dozen people are waiting for the red cross after a fire pairs through an apartment complex in the east bay. >> it started to in the half hours ago and kate go here and has been they're talking with eyewitnesses. >>

apparently powerful and that you execute legislation that would make that a felony so the new york federal reserve let j.p. morgan and bear stearns collectively fifty five billion dollars in order to bail out. in order to buy bear stearns for pennies on the dollar and. what back it out was very stern's own collateral so estimates had that much collateral they should have been able to get the loans out and it wouldn't matter to you sell out to j.p. morgan so j.p. morgan got a clear which and went wonders why i mean j.p. morgan obviously has been going on and it is the specter that it has to do it these interest rates were absent or propping up the u.s. keeping the u.s. interest rate very low they finally ellen brown eyes countries around the world lose or sovereignty over bad debts of private banks what do you think about france's announcement that they are to establish a public bank by the end of this year what is a public bank how does it help and this is really what you've been talking about for a number of years talk a little bit about france's decision to introduce a public bank you know this

he received repeated questions about whether he did enough as the president of the new york federal reserve to stop fraudulent manipulation of the key global interest-rate known as the libor. here was his response. >> we were aware of the rest -- the risk that it created the incentive for banks to underreports, but gave them an opportunity. >> tim geithner went on to say that all of those concerns were passed on to british authorities, who he believed were the proper wants to act. the entire incident has raised serious questions about the entire industry and the roles they played by. for more on the red flags raised, i am joined by the assistant managing editor. thank you for joining us. dozens of big banks are under investigation. how far does this scandal spread? >> it is everywhere in the financial system. this is the biggest financial scandal since 2008. it goes to the heart of the problem. we have lax regulations, we have chinese laws that do not work, we have a system in which their banks that are too big to fail and too big to manage. most importantly, as we see from tim geithner's t

the federal reserve bank of new york has acknowledged hearing, "anecdotal reports of problems with the libor rate, as far back as late 2007." rebel cole has worked at the federal reserve monitoring banks. he's now a finance professor at depaul university. he joins us from chicago. >> does the federal reserve here in the states have a role regulating libor? >> i don't real have a role of regulating libor, but the banks involved, and as many as 15 additional banks may be involved in the libor scandal, including the largest u.s. bank, j.p. morgan chase. >> the u.s. federal reserve acknowledged it heard anecdoteal evidence and suggested reforms from regulators in the uk. is it appropriate for the federal reserve to essentially pass the buck to the british colleagues? >> they can pass the buck to the british colleagues, but they're responsible for regulating the u.s. banks. we don't know for certain u.s. banks were complicit. but it's a team sport. one bank can't manipulate. 16 banks were involved. >> tom: you have to know how libor is put together. it's a dalele survey of banks themselves

when this was disclosed to the government, one of the players came to the new york federal reserve and confessed its sins. the response was not going to the department of justice, as you would imagine. this was a pharmaceutical company or any other that were in conspiracy to fix a price. they run to the department of jft and demand a criminal investigation. a public announcement to the markets that there's a problem here. a ringing of the alarm bell. >> here we had a meeting and they stood behind libor when it started enacting bail-out program, sending the opposite message to the market. >> good to have you on the program. >> thank you for having me. >> up next on "wall street journal report," a man whose name is forever linked with our nation's deficit. the looming fiscal cliff and what it means to you. and later the business of basketball with kareem abdul-jabbar. take a look how the stock market ended on the week. back in a moment. >> the expiration of the bush era tax cuts as well as $110 billion of expected spending cuts at the end of this year could be sending our economy toward

bleak economic news from the chairman of the federal reserve and yahoo's new ceo arrives with a bonus. it's not what you think. ashley morrison with more. good morning. >> no, it's not. good morning, terrell. fed chair ben bernanke will be back on capitol hill today testifying before the house financial services committee. yesterday he delivered some sobering news to the senate banking committee. bernanke says if congress allows automatic tax increases and spending cuts to go into effect, the economy will go back into a recession. however, senator charles schumer urged bernanke to take steps to bolster the economy. >> given the political realities, mr. chairman, particularly in this election year, i'm afraid the fed is the only game in town. and i would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery. >> bernanke says the fed will take action if economic growth does not improve but he did not specify what steps the central bank would take. >>> bernanke's words didn't inspire the asian market this morning. the nikkei fell sli

quite a black -- battle within to bring more power from the federal reserve tohe board but that is a different story. soteree a tively new instituti and the reserve district bank finds its way. att but tockfo reality what it iste a cocabu ct tou tld ak monday is a mistake with the inrnational business commity runningn and ld tt er he wants to grab on to a plan and hope through time hel draft on other commodities to help those producers the same way the government helps the gold. and have imied into cawing and you have money. why can't thefre e nd pouhe op gwi o and recommendedte government buiruss titr sstecu a could bring their crops with the up frot payment that is ctiteof fr by theaverage of es00e er ofon aay he also has the ticket. any back the government the 500. edison devicessheen ysrey ar ? he sent the questionnairto usessmen, insurance company owners, federal reserve officials including william scott sprayed it, harvd h n ctofir. e usehold names today but because he was them to take ak gh y be h envelopes i have good 26 question a look at tuy t id hnssac ete er t aseotowe bey indnomist right ba li he writes to t

was disclosed to the government, one of the plars in the conspiracy, barclays, came to the new york federal reserve and confessed its sins. the response was not going to the department of justice as you would imagine. this is a pharmaceutical companies or any other in a conspiracy to fix a price, they go run together department of justice and demand a criminal investigation, there would be a public announcement to the markets there's a problem here, there would be a real ringing of thelarm bell. here, we had a meeting, we had an e-mail, and ultimately the federal reserve stood behind libor when it started enacting bailout programs, using it as an interest rate, sending the exact opposite message to the market. >> good to have you on the program, thank you so much. neil barofsky. >>> ul up in on "the wall street journal report," a man whose name has become linked with our nation's deficit. foformer senator alan simpson wl join me on the looming fiscal cliff. >>> a legend in basketball, the many carereers of cream kareem abdul-jabbar. f off vietnam in 1968. over the south pacific in 1943. i got mine

regarding the federal reserve's role, the federal reserve bank of new york takes the lead in gathering market intelligence for the federal reserve system. it was in the process of gathering market intelligence when it received information about libor's submissions, notably phone call on april 11, 2008, in which a trader in barclay's new york told an employee of the federal reserve that he thought that barclay was underreporting its rate. about that same time, stories began to appear in the media as well. there was an april 16 story in "the wall street journal" and "financial times" also had a number of stories. i'd like to make two preliminary points before talking about the federal reserve's response to that information. first, the information the fed received was about the bank's possibly submitting low rates in order to appear -- to avoid appearing weak during the period of the crisis. the transcripts of the phone calls that were released have no reference to the manipulation of rates for profit by derivatives traders as alleged by the recent decision. the second point i'd like to m

fracking has opened up new reserves, marcellus shale. fuels"r >> many are saying you have to go for everything right now, because there is so little energy and immediately turning away from fossil fuels will be difficult. >> we know renewable energy can right now. we have to phase out every single source of energy generation. we have plans to power america with natural gas for the next 30 to 40 years. >> quickly, i want to get this out there. you will do a followup. >> "gasland ii" on the way. we're releasing it at pinkskyny.com. you can also find it on victmeo and youtube. >> thank you so much, josh. >> we reached out for the governor's office for a comment, they did not return our request. >>> alec baldwin's big leap. he tied the knot with hillrrhea thomo thomas. among those inç attendance, hi 16-year-old with ex-wife kim basinger. with swiffer wet cleaning better doesn't have to take longer. i'm done. i'm gonna...use these. ♪ give me just a little more time ♪ [ female announcer ] unlike mops, swiffer can maneuver into tight spaces an

which is beyond any oversight and and these these orders are being brokered through the new york federal reserve trading desk and they're and they're being basically what i'm saying u.s. monetary policy is being conducted through the trading desk of j.p. morgan goldman sachs citibank and bank of america and morgan stanley these are the five institutions that hold ninety eight percent of three hundred two trillion dollars worth of notional and derivatives that are held by all american bank holding companies already premiere at times thanks so much for being on the kaiser report love being with you max all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert are a thing my guest rob kirby of kirby analytics if honest i mean email please do so at kaiser report r t t v dot ru to next on my status and buy off. i.

that comes to mind for me is the name turbo tax timothy guy he was sitting there at the new york federal reserve when the conversation as you just explained was brought to his attention he didn't appear to read act as if it was his job to be alarmed and concerned well he actually did pass pass along and i was not and i thought only an enabler you're going to be pleased with what i have to say i'm not defending tim geithner he did pass along to the bank of england that he had some concerns but then he went to the big new york banks and said what should be done they gave him a laundry list of things that should be done the big new york banks and he passed that list along to london so i mean this is this is. a business relationship it seems to me and it's in keeping with this oh i g a report that prostitutes of people are going out with free golf games and dinners and the like are being provided on the one hand on the other hand banks to the regulate on the other hand there's almost not an industry in which where you can you can find that that which is not to say it's a good thing argument is not t