the nexus study suggests potential conversion fee up to $35,000. when you add that to the fact that this legislation allows for the $20,000 fee to be reduced by up to 80%, depending on where folks are in the lottery, in other words there are individuals that could go through and pay $400,000 and allow -- $4,000 and allow -- how did you peg the 20,000 and why did you choose a scale that allowed up to 80% to be taken off? >> thank you, president chiu, for that question. i think the bottom line is we did extensive outreach into the t.i.c. community to understand what fee levels would they say we don't want to take advantage of this, this legislation would be meaningless in terms there would be no people that would apply for this and pay the fees, they would rather go through the lottery, and also something that basically was not -- did not cost much money at all so it would be a given that they would apply. so we wanted to strike a balance between getting a fee that was high enough and reasonable, that would support our affordable housing community bu

that might get to a nexus of one per one replacement. if you were serious about helping t.i.c. owners who are facing financial and mortgage issues, you would address that directly through those homeowners and the banks and the problems they are facing. if you were serious about first time home ownership and not speculation this proposal would have prohibited resales of condos within five or 10 years and put a limit to stop any kind of speculation. and if you were serious that this was a one time opening of the lottery, then this proposal would not lead us down a path of increased speculation on t.i.c.s by linking it to a permanent moratorium on any more condo conversions. thank you. >> chair wiener: thank you. next speaker. >> thank you. my name is lav inia turner, a small business owner in san francisco, and by the grace of god i won the condo lottery last year. i'm just here to speak out. i'm opposed completely to this legislation to charge and extra 4,000, 20,000 per unit, to turn condo. if i had not won the lottery and had to do this, i wouldn't be able to do it, i wouldn't

the dollar amount out of that nee came from the nexus study conducted, studying the effects of a condo converse study two years ago. happy to provide you with that. but that's where that fee emanated from. >> co-chair kim: in terms of depending on the number of years obviously that fee reduces down to $4,000. i know there's concern about whether $4,000 per unit can mitigate the loss of rent control units. beyond the normal existing procedure that we have currently for -- to ensure that there's sort of a metered rate at which we lose -- basically lose rent controlled units. >> supervisor farrell: i challenge probably the premise of that comment but i will say that the amount of fee reduction was a balancing act -- and to the city attorney can speak to further detail about that. we have to match that with the nexus study but also there is at a certain point a breakage point where people will not be incentivized to go forward and pay a fee. if they are seniority base you have a greater chance of winning the lottery. if you have missed it for x number of years you will be much closer going

>> just on google, he talked about the nexus 4 and 7 and you can talk about the nexus 10 also. but they're selling these at cost. i think right now when you look at google, to step ahead of what potentially may occur in tonight's earnings, i think that would be foolhardy. you have 650 as the line in the sand. everyone will look at the 200-day moving average. if you believe that works or not, everybody is looking at it. >> i think it's interesting that he believes the motorola deal was a bad deal. they went out and made a big deal. looks like they grossly overpaid for it also. i'll agree with him there. that could be holding apple back watching what happened with google. >> well, coming up, a possible dell buyout. not all our traders agree on what it means for the stock. no plus, with the s&p near five-year highs what will fuel the next leg? erin gibbs the equity cio will tell you what she's betting on. and we'll have four plays on four stocks that can make you some money. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i

there is more of a nexus. we should do it again. much sooner than never. and that we stay on top of this. there are times when just because things happen, there is a focus on it. partly what is happening the city and elsewhere, it will stay on this, reconvene, we can really do something about not only domestic violence but the triage that we have been talking about.

there is more of a nexus. we should do it again. much sooner than never. and that we stay on top of this. there are times when just because things happen, there is a focus on it. partly what is happening the city and elsewhere, it will stay on this, reconvene, we can really do something about not only domestic violence but the triage that we have been talking about. a bit strong support that and i know my fellow commissioners would also. >> is there anything further? we would like to adjourn in honor of -- >> i defer to commissioner -- >> if you allow me a personal moment to adjourn in memory of my mother-in-law. is rather appropriate because she was the mother of the san francisco police officer. she immigrated to this country, strong armenian woman, and had to go back to school to be reregistered as a nurse. she went back to state college later in life and completed courses where she received a teaching certificate to teach preschool at west porta in the early days of preschool days. she was small in stature, but i stood tall on her shoulders and women l

a source saying the nexus 7 will come out in may. the price tag would stay the same starting at $199. >> i'm tracking a warming trend with highs that could reach into the mid60s. find out when and where. >> first not only did police face tough questions today from the media about an 8-year-old drive by victim. >> it may not be the political correct but my children are suffering. >> later we go back live to new orleans to hear from some of the niners big play makers including randy moss. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv for just $19 a month for 1 year when you bundle tv and internet. rethink possible. >>> a man shot and killed last month have filed a $15 million wrongful death lawsuit. anthony banta jr. was killed after

certainly did better than google's nexus 7 and nexus 10. if it didn't do well enough to depress eps or to warrant sort of a mention in this press release that gives, you know, "x" higher than a year ago, i think there's questions about how well that actually did over the holiday season. >> the stock is on a wild ride, now actually positive. bottom line here, gone and aaron, the stock is at $266. would you commit new dollars to amazon right here? >> i would. i still believe in the secular theme. amazon is a share gainer. if you think ten years from now e-commerce is going to be a bigger part of the world, you should be betting on amazon. >> aaron, what's your take in. >> we like the fundamentals, long-term outlook, 80 times earnings. be on sidelines right now. >> sidelines right here at 266. gentlemen, thanks very much. great conversation, appreciate your time. as we naff date the amazon numbers. joining me right now on set is greg mcbride and greg yip from "the economist" and ryan dietri dietrich. gentlemen, good to see you. thanks for join

. >> the nexus of homeland security, defense related, intelligence related and law enforcement related facilities in virginia are unrivaled in the nation. we believe that the fbi could not find a better location. >> they have chosen the warehouse site in springfield near the old mall being developed. it is near i-95 for required access and next to the metro station. >> we think that they will need to move on from that site because it is not promoting the smart growth in and around springfield. >> reporter: for fairfax county, this warehouse has sort of been like a wasted space on some very valuable land. and there are no property taxes coming in because it is government property and there are very few employees. but if the fbi builds their headquarters here, it will add a lot to this area of springfield. but those are also the other reasons why they are lobbying hard. with the senator from maryland, now the chair of the full appropriations committee, this virginia delegation is worried that the old dominion will get shut out if they don't speak out. >> if this is an open transparent pr

now apple wants an earlier ruling regarding the nexus smartphone in the u.s.claim 19 of samsung's devices, including the galaxy and note products used apple patents. last august, a jury awarded apple $1 billion in damages. >>> target is going head to head with online retailers by turning its holiday price matching offer into a year- round promise. the nation's second largest discounter behind walmart announced today it will match prices -- on identical progress for stores like amazon.com. the list includes walmart, best buy, toys 'r' us and babies are us. the move follows disappointing holiday sales because of the online competition. >>> fisher-price is issuing a warning to parents about a possible mold problem for 800,000 newborn rock and play sleepers. that's after 600 reports of mold and treatment for 16 instants with respiratory reactions. parents should check for mold between the suit cushion and the hard plastic frame. if you see mold, call fisher- price for cleaning instructions or repairs. >>> a gay former boy scout from moraga is celebrating a small v

the way the government code is written, is that basically, if there is some financial gain nexus between what is being discussed and the fact that she employed by a non-public school or a situation where an appearance, if a contract was not awarded to one non-public school, that was maybe a competitor of oaks. she would not involve herself in anything there there would be the appearance of personal gain because that could provide funds to oaks that could be her salary. if it's just a special education question in general that is unrelated to non-public schools, i of course will look at each of those individually, but i think she is able to discuss and vote on these matters. >> so this would not exempt commissioner maufas to vote on our budget? >> it would not, but my advice to her when she votes on the budget, whatever line item of the budget accounts for that particular funding line, that she would identify that and abstain from voting on that piece. >> okay. and so just for procedures and roberts -- for our parliamentarian, how many votes would it take to make a majority vote? >> a maj

i understands the nexus study and did part of it but on a practical level it's odd to think that between 4,000 and 20,000 could build a replacement unit. number three, the proposed ordinance endangered san francisco's stock of controlled housing units. i know there are disagreements about what the lifetime can and can't do but that will ex-spire at some point and that unit will never be rent controlled again and it's lost forever. but we don't want to be all negative so we have other ideas. instead -- it seems to make more sense to protect rent control and the rent controlled units that we still have because you can't expand that type of housing by law as you all know and secondly the very obviously -- we want you to support construction of more affordable housing and that is part of the reason sierra club got behind prop c last fall. thank you. >> chair wiener: thank you very much. next speaker. >> thank you, supervisors. my name is jaime alvarez and i'm here with my wife. we are t.i.c. owners. we are parents. we have two kids. we have a five-year-old and an eight-year-old and we want t

found the supreme court of georgia telling us that there court is so under-funded that she has to ask nexus' lexus for pencils for her law clerks. in ohio, you cannot finally pleading unless you bring your own paper. in new hampshire, the court closed the courts to all civil jury trials for a year, a year. alabama supreme court justice said she is going to have to reduce civil trials by 50% and criminal cases by 1/3. well, we have spent $1.30 trillion in bringing the rule of law to parts of the rest of the world. the rule of law begins with one word. "access." access. if there is no access, there is no rule of law. today we have a just a step in this country where 80% of poor people do not have access to the port. -- court. we have a legal services corporation that is so under- funded, one out of every two phone calls go unanswered. we have not only the traditional minority poor, we have the newly poor. the foreclosure crisis has caused a vast new number of people to cannot support to go into court. even if they could afford it, if the courts are closed, there is no access. there is no acce

international correspondent you can many people call las vegas the city of said but if you want the real nexus of sex and power the place to look is washington d.c. another legislator has been embroiled in a sex scandal this time democratic new jersey senator robert menendez allegations of menendez consorting with prostitutes in the dominican republic first emerged on the daily caller a conservative website right before election day but the accusations reached a fever pitch when the f.b.i. on tuesday raided the offices of a prominent democratic donor and i surgeon in south florida miami herald reports of the federal raid was in relation to medicare fraud but it shines a light on the relationship between the doctor and the senator this is dr solomon milligan who allegedly flew an end to the dominican republic multiple times in two thousand and ten earlier this month as senator menendez sent the doctor a personal check for more than fifty eight thousand dollars to reimburse the cost of the flights according to his office despite these issues without the rules of greater concern. it while menende

what's really the nexus of the whole thing is if you look back at the early beginnings of this country and the whole concept of language and what this country was. there is a letter written between benjamin franklin and noah webster. in which they talk about the witness acts of rebellion against the british. and the use of various words to talk about it. but they are really sort of american acts to identify who we are as a people. one of the acts is public libraries. coming to this country, his father came smuggling a bible. he tells benjamin at one point that one of the things we could do is be a printer. the idea that when england come at that time, when his father came over, i was very interested in these definitions and so when he creates a free library of philadelphia, is seen as an act of resistance against the british. noah webster saves us through history. it was also part of these acts against the british. webster is one of the early people and jefferson is probably the lead on this. he creates words with great abandon and he just loves to create words and chuck a jibe at the

he started a company called nexus energy homes. they build houses at market prices and get this -- these homes are designed to consume net zero energy. for families, that means electricity bills as low as $3 and $4 a month. nexus energy homes was named a national home builder of the year. [applause] what do these stories have in common? innovation and entrepreneurship. the united states of commerce i have a maryland one in innovation and entrepreneurship. -- have named maryland number one in innovation and entrepreneurship. marylanders are doing remarkable work -- life science, green tech, information technology, cybersecurity, aerospace and advanced manufacturing -- in these sectors are creating jobs right here in maryland, creating jobs through innovation. it is not just the responsibility of the private sector. there are things we can do together through the common platform of our state government. we can accelerate innovation. we can attract venture capital. we can move more new technologies and ideas out of our great universit

how do you think about the nexus between the locals and the inner connectivity with the broader watershed? i'm going to get you to respond as well. if things are local, the problems are local, how do you connect them? your thoughts as you work on water. >> to having to stand? >> yes, please. in the first all, i think you mentioned questions in that it got a lot of applause for your remarks at the beginning. [applause] >> i'm used to being in this position and it is one of the most difficult when there are downstream and packs with the upstream property owners are collaborators have to sacrifice in some way or collaborate for the benefit i removed from that deathly to finger-pointing. one of the most important principles, with a on regulatory consensus builder or a regulatory enforcement official is still the cited the need for local stakeholders to be bought and am committed to the solution and that the way you can act, whether it tnd l. or other jurisdictional issues usurpers of focusing and i'm property owners, those of a real stake in the matter and find them facilitators who had some

the nexus of the islamists insurgency in many ways was central asia in the last decade.his deck krad it is lo-- decad is looking like north africa and western africa. it is not terribly far from north america. we can do things. in syria we don't need a no-fly zone or putting u.s. boots on the ground. we should put secular forces in the war. we should do that politically saying enemies are our friends. we need to support people who aren't boy scouts. it isn't a nice thing to do it is essential for our interests and for the safety and security of americans abroad but also american citizens right ear in north america. >> i don't want a post-it note what you are saying tonight but to bring it one thing i got out of what you said is we haven't done enough at this point and we have to. christian whiten joining us tonight. thank you very much. >> rescuers now going into a mine looking for workers trapped after an accident on the job. it is our top story as we go around the world now in 80 seconds. >>> china, that search coming days after a cold outburst at a state run coal mine

or -- nexus, in washington, d.c. or every franchise everywhere?> be everywhere, absolutely. >> geraldo: what is the point you are making? >> the point we are making is gun control hasn't worked. there are 20,000 laws on the books right now, over 20,000 laws on gun control and they failed in aurora. they failed in the sikh temple. they failed in newtown. and there is how many more laws are we going to add? 40,000 laws, 60,000 laws? how many laws s it going to take before criminals start following them? >> geraldo: let me ask you this larry and margot i will ask you the following. you you can argue whether sales should be restricted. will you agree that guns should not be sold for instance to people on the terrorist no fly zone or orders against them because of domestic violence do you believe that background checks should be universal including people who buy guns privately or at gun shows, larry ward? >> that is a good question and there is some things that we have to look at. the most important thing to realize is that we have to look at mental h

>> reporter: sanjay, this is not only a story of an alleged sadistic rape but its nexus with social mediaigh school football. and that's because steubenville, ohio, is a high school football hotbed, and the two young men arrested for allegedly raping this girl were high school football stars. this city, the big reds, steubenville high school big red football team is a big deal here. they won three state championships, two undefeated seasons recently, and their coach is absolutely a legend here. the coach's name is reno sacoch, he's such a legend that the 10,000-seat stadium which is a huge size for a high school stadium, is called reno stadium. we wanted to talk to the coach because the two young men arrested for the alleged rape were suspended after they were arrested, but at least two other football players were in the room when the young girl were allegedly raped, and they were not suspended. they played football for at least eight weeks. we wanted to find out from the coach why he didn't suspend the players, what he knew when he knew. he was home, but he only opened the door a crack.

the nexus 4. the marketplace has caught up to apple. >> apple sold an iphone or ipad every 10 seconds during the highway days. but its $13.1 billion profit was exactly the same as what it made during the same quarter a year earlier. apple may also be losing its grip on its most loyal customers if barton is any indication. >> i switched to this samsung and i used an iphone for two years but it is lighter. thinner. the screen is bigger. and i have been happy with it since. >> apple fans remain convinced there is no better technology. >> i pretty much stuck to apple products since the beginning. computers and laptops and phones and a couple of i^ pad minis. it is streamlined and easy to use. i stick to apple. >> reporter: apple stock lost a fourth of its value. its hoard of cash now estimated at $137 billion. the question is is whether that cash can help it develop the next big thing or allow it to buy a promising startup with a hot new idea. the ceo says the main mission is to keep making products p

then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last quarter they had $1 billion in losses, a negative margin of 28%. with the more stable set top box getting spin out, investors want to know the end game for motorola. >> thanks, john. ibm is out with q4 numbers after the bell today, three hours from now. the stock hit a bit of a peak in october, down 6% since then. today a fractional move to the upside. the street is looking for a gain of $5.25 a share. revenue expectations at 29.1 billion in q3, revenue hit 24.7 billion. keep an eye on ibm. the stock has been flat over the past quarter. >> the earnings ball is going to roll into jeff kilburg's court. jeff, welcome. first up, johnson & johnson. higher sales lifting that company to a better than expected fourth quarter profit, but they missed on full-year earnings expect tagszatioexpect. there they are, at 72.75, down about

the global nexus' seven, the best android tablet of the year, and it sort of establish them as a bitlaye. their product search, maps, stronger than ever. >> amazon. >> still the leader. still the leader in terms of tablets. gerri: samsung. >> that was interesting. they obviously lost a big court case for apple this year, but they are leading the market. gerri: flops for the year. let's move on. the biggest flops for 2012 starting with apple. >> i would say is the biggest flop. they had a mixed year, but if i had to put them into the winner or loser, would have to say just because an apple maps. such a black guy and people were starting to see that this company is a little bit -- a little more fallible and is not. gerri: facebook. >> the ipo did not do that well and did not satisfy investors word users. they still seem to be havi these privacy in transparency issues. they have a lot of cleanup. gerri: microsoft. >> billingsly call. we didn't really know how that would go and it is also an early call because i don't think windows eight which is the bg product launch to the end of the y

we look at the nexus of politics and art, airing highlights of our cultural coverage of the past year. featuring alice walker, walter mosley, randy weston, steve earle, randall robinson, and others. and we pay tribute to the late adrienne rich, whitney houston, and mark the centennial the birth of woody guthrie. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. today, and a "democracy now!" special, looking back at 2012. we look at art, culture, and resistance. we begin with rattle robinson, founder and past president of transafrica, a law professor at pennsylvania state university, most recent book "makada" said at the dawn of the civil rights era following a young man coming of age in segregated richmond, virginia. through his blind grandmother and her visions, he discovers her his race and africa. he came to our studios on the eve of dr. king's birthday to talk about his new novel. he lives now in st. kitts. >> when i was a child growing up in richmond, virginia, we were called negros. no one i knew we were called

there was no evidence of her existence on lexus nexus or stanford where she apparently went to college. there was no public statement made yesterday as scheduled. >>> the downfall of one of college football's greatest coaches is on the way to the big screen. al pacino will star as the late penn state coach joe paterno in an upcoming biopic. it will be called happy valley based on the last two years of his life. he died of cancer a year ago, shortly after being fired over the jerry sandusky sex abuse scannel. >>> it looks like tom cruise is the latest victim of a hoax called swatting when a false call is placed to get swat to show up. >>> there was a call from someone not in the home at the time but officers say there was no emergency. cruise is just the latest celebrity victim of this kind of hoax. ashton kutcher, simon cowal aco well and -- >>> the investigation into the death of natalie wood continues with a bit of controversy this week. police say they have not been able to get ahold of robert wagner, woods husband at the time of her death. police reopened the investigation back in

concern about nexus margins. >> okay. as we is can say, gain over 9%.te direction and then some. disappointment here. >> tell me what you think is wrong, this is your kind of store. what's happening? >> you know, i was reading commentary and i think they were disappointed by the performance in mother america and european market. other than that, national sales are going quite well. i think the problem here is handbags. the handbag store, maybe around 300, $400 point range, but to try and retain that brand, they refuse to cut prices. and they've got a lot of competition. places like michael kors for places which are discounting, and they are not discounting because they do not want to hurt their brand. >> nobody goes there any more. too crowded. >> too crowded? >> yeah. that seems like what is happening it apple as well. by the way be analyst on squawk balk said buy coach. it is a buying opportunity. >> there you good. >> okay, let's talk about cree. >> okay. >> it is booming. 15 million above estimates. >> also, sales of 14% higher than prior yeaarte 30

at all of these electrical issues and try to determine if there is some sort of pattern or systemic nexus and i asked scott hamilton if he would still fly the 787 he said he would, shep. >> shepard: are the feds giving up in this dan? >> the national transportation safety board has launched its first investigation of the 787 team of three investigators are joined by experts from boeing, the f.a.a. and japan airlines. the stakes are huge, of course for boeing. the dream liner had a lot of buzz but hit by a lot of cough cost and quality issues. analysts don't think it will turn a profit for another 8 years. company stock got hit down 4% since the fire. >> dan springner seattle, dan, thanks. we may learn more about the circumstances surrounding the poisoning death of a chicago area lottery winner. sometime in the next couple of weeks. that's when the medical examiner now says a team will dig up the victim's body to search for more clues. that winter died last summer one day after the illinois lottery sent him a check with the winnings from a scratch offer ticket. lump sum option of half a mi

many of those have a federal nexus and that is something we can deal with here. i am interested in in why it is so difficult to have some of the mental health records entered into the system. do you want to take this? theovernment o'malley in state of maryland last week introduced his plans to increase significantly data into the national criminal background check system. you are right, maryland could do much better in this area. >> is this just an issue with maryland or any other state? i am assuming it is similar to any other state. is it an issue of resources or are there privacy concerns that prevent them from offering this? 18 states to submit less than 100 records to the system. amongst the middle school community, there is even fear. how does hipaa fact this system? i believe the president's plan called for incentivizing this and it would help the problem. >> do you want to comment? >> thank you for your kind words. gaby misses being here as well. of the records that arizona has not submitted to the background check system, i don't know why. i imagine it c

really the nexus of the whole thing is if you look back in the beginnings of this country and the whole concept of language and of what this country was there is a letter that is written between benjamin franklin and noah webster the dictionary maker in which they talk about acts of resistancresistanc e, acts of rebellion, acts of response to the british and they are using various words to talk about it but they are really american asked to identify who we are as a people. and one of the acts is a public library. franklin has -- and his father come to this country smuggling of bible and tells benjamin at one point that one of the most important things you should use as a printer. this is the idea that when england at that time when his father came over when the franklins came over in england there were two printing presses one in oxford and one in london. franklin was very interested in these acts, these definitions of who we were as a people so when franklin creates a free library this is seen as an act of resistance and act against the british and a thumbing of the nose against the br

there was no evidence of her existence on lexus nexus or stanford where she allegedly went to college. he did not make a public statement yesterday as he was scheduled to do. >>> the national and drew store yen reached an agreement. they will pay him $2.5 million this season. storen was eligible for salary arbitration if the two sides couldn't come to an agreement. he missed more than half of last season because of an elbow injury. he finished the season as the national closer but his role may change this season. the nats just signed former yankee closer, rafael soriano to a two-year deal. >>> we're a day away from the caps taking the ice. it seems like fans aren't letting the lockout linger. thousands of fans rocked the red for an open practice at the verizon center. it was a special event to get d.c. pumpedor hockey again. players say the show of support meant a lot especially after a long off season. >> it's crazy. i don't think it surprised anyone here though. we know how great of a hockey city this is and how well our fans support us. not only just with attendance but with their

there's no nexus to show the accide dual weapon that he was to have use today actually kill her. blunt force trauma is there, but it's there, it's not going to work. this is a very difficult case. >> greta: eric, stand by, stand by. michael? >> in this case, when you have circumstantial evidence here in california we have instruction that talks about it, it's susceptible to two reasonable interpretations, the blunt trauma and the defense comes up with a reasonable explanation. the jury is instructed you must go with the one that points to innocence. if they've got that-- >> i don't know what's in this state, but i would say he we didn't have it in d.c., that instruction, but everyone in california defense lawyers always had a little bit of an easier ride than the rest of the country. anyway. >> okay. >> greta: stand by, gentlemen. >> much more with conscience. >> greta: this is a fox news alert, president obama is expected to nominate white house chief of staff jack blue as the-- jack lew, a source telling all, but a done deal, an announcement by the end of this week as treasury

just the mere fact of picking somebody from citigroup and from the same nexus that timothy geithner cameom. you heard barack obama as he was introducing jack lew, praising timothy geithner as someone who will go down in history as one of the great treasure secretaries of all time. i think what this tells everybody is jack lew was one represent absolute continuity with the previous treasury secretary who had a very specific agenda when it came to wall street's. i think we're going to expect more of the same, more of the same really being over and covert backing of these institutions that were too big to fail. citigroup being the worst ous example. >> in 2010, jack lew appeared before the senate. during the hearing, he was questioned by senator bernie sanders. >> do you believe the regulation of wall street pushed by people like alan greenspan contributed significantly to the disaster we saw on wall street several years ago? >> senator, when we discussed, i mentioned i don't consider myself an expert in some of these aspects of the financial industry. i have been a manager, not an investme