paulsen, he's foreclose, it's terrible for mr. paulsen, it's terrible for the bank. it's terrible for everyone. if you just wrote him down, the bank would be better off in mr. paulsen's community would be better off and why then why can't those idiots just get it done. it is really easy to say that, like someone came to my office every three days to say that. i mean, i did understand that completely. and the problem is that for every mr. paulsen, there were about seven mr. wessel's. [laughter] and he was also underwater, about as much is mr. paulsen was, but he and the bank were doing fine. he was paying his mortgage and doing all of that. if he announced a program where everyone started paying their mortgage and i believe, he would stop paying as well and would spend a lot of money. and you would be doing an unjust thing. why should all do people get money who bought housing badly, versus all the people that run and didn't buy housing. so the problem is how to do target these individuals without inducing a vast wave of defaults on the part of mr. wessel. there was c

paulsen? >> i would say this. first of all to my recollection the washington mutual ambassadors were not the same. they were much more voluntary activity on the part of jpmorgan and washington mutual. and similarly the bank of america. tank of america was pushed into taking merrill lynch. buying countrywicountrywi de was one of the worst ideas that handle lever had. with regard to wamu, no. that's totally there. with regard to bear stearns and think it would be not just unfair but that public policy to find them for having acquiesced to serious pressure over the federal financial people to take over bear stearns. leave aside the equity. i can't rule out that sometime in the future there will be a request by had other federal financial officials to step in and they would be much less likely to be cooperative. you could say there were people who have been made whole because of the things that bear stearns did but as far as finding them in analyzing them because of what they are stearns did before they were pressured

con el pase para paulsen para tomar la ventaja...s en la noche... === pero en el ultimo cuarto, las capturas defensivas y peterson con el segundo touchdown en su cuenta derrotaron a washington 34 a 27 para ganar su segundo de la campaÑa... sexta derrota para los redskins... ===chroma key=== jf esta noche tres partido en la duela... denver gano su primero de la temporada en casa frente a atlanta.... take vo ---y en houston los rockets.... con viejos amigos d.howard.... add lib ===wipe=== add lib ---semifinales de conferecia en la mls.... en el este houston dynamo enfrentara al sporting kansas city... take vo sebastian velasquez 35' -- con el pase de wingert para sebastian velasquez 35' -- con el pase de wingert para con el pase de wingert para emparejar el marcador global.... tiempo extra a balon parado... javier morales para chris tiempo extra a balon parado... javier morales para chris schuler... 2 a 0 final /// 2-1 en el global.... ahora enfrentara a los timbers de portland que se impusieron sobre los sounders hoy 3 a 2 2 a 0 final

first of all when hank paulsen and ben bernanke and commissioner cox came up to the hill, two months since u.s. political not financial. you're your two months before a presidential election. you are to two blunts before the entire house of representatives which is what happens every years and a third of the united states senate not counting gubernatogubernato rial in statehouse races. given all the feelings that were happening through that going in for the last seven years i think people underappreciate the way that the democratic congress at that time responded to the national crisis. we didn't say hey this is your problem and your fall. we were told we had 48 hours to deliver $750 billion to the banks know questions asked and no rules written. while we worked through that issue, we stood up our responsibility to the country regardless of a looming election that the anti-or judgment could have been put on the president of the other party. we did our job. i don't think the congress today under the stewardship of the leadership although they gave you a lot of -- i could make a lot mo

you had john paulsen telling his clients don't add to your gold fund.ne of the biggest gold bulls out there the past several years. gold is finishing at a four-month low. down again on the session. just a couple of dollar loss today. you're looking at 1242 a troy ounce. guess what? gold is down 26% this year. liz, dave, i remind everybody, gold has gone up every year for the past 12 years. it is on pace for not only a loss but a major loss this year. it looks like it is still going down into the end of the year. the latest cftc report says everybody is piling in on the bearish side when it comes to precious metals. they're selling metals, raising money and buying more stocks it look like. david: phil flynn you know i love you right, phil? >> yeah. david: you know i love you. you have. every day you send us wonderfully detailed of description of subjects you can talk about, for everything that is on here, i will ask you something not on here. >> awesome. david: not because i don't love you, you understand that. i'm thinking about keystone pipeline and su

. >> late last month university of chicago's paulsen institute hosted a daylong conference on the 2008 financial crisis. one of the panels analyze the political response to the economic crisis and the troubled asset relief program, the $700 billion intended to stabilize the financial markets. we wish we as much of this as possible before the senate comes in at 10 this morning. >> i want to start if i could with the mayor. was the mayor at the time. i want to think about t.a.r.p. for a second want to think about part 2008 but i want to ask you this political question about the world we live in today. we will go back five years i'm sure, but if you could pretend, unfortunately, that we were in the soup all over again, that we are in the midst of this financial crisis, given the shift in washington, the shift potentially in the polarization of the country, my question is whether you believe congress, the senate, the president today would have been able to pass something like t.a.r.p.? >> no. let me give the reason why and walk you through. i was at the small and -- not a big n. i don't th

. >> coming up, soros, paulsen and loeb jumping on the fed bandwagon. should retailers follow suit? and zulily jumping into the ipos. as we head to break, the futures still positive. the specific as much just 6 away from 1,800. we'll keep an eye on that psychological level when "squawk on the street" continues. y crow. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. jbut when it comes to investing, things i prefer to do on my own. [ female announcer ] today, cisco is connecting the internet of everything. i just think it's better to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that kind of relationship. that's why i stopped working at the

paulsen: during the month of november, we celebrate adoption, being national adoption month of the last year american parents proudly adopted over 135 children at birth from foster homes and overseas. i would like to bring special attention to the american families that are no longer to adopt from guatemala and russia. i signed on two separate letters with members from both the house and senate to ask these two governments to resume adoption cases for american families. we should not be limited by the country they are born into. let's create effective strategies to work towards the day when every child has the opportunity to be in a safe and loving home. and i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from missouri rise? >> request permission to address the house and revise and extend my remarks. the speaker pro tempore: without objection. >> someone said to the new e.p.a. administrator that she wasn't living in the real world with regard to climate change. my question today is that those who are questioni

this company was acquired out of bankruptcy, i think it was 2010, blackstone, paulsen company were involveding the vast majority of all their hotels. let me comment on macy's. i was amazed at these numbers. earnings up 30% year over year. that was a huge fee. the expectations were very low and they came in very aggressive here. terry lundgren said we saw improvement in sales trends in every region of the country. promotions were very high. at least everybody i talked to said macy's and other companies were doing very, very heavy promotions here. the big issue is whether or not this is going to spill over into the other retailers. tomorrow walmart reports, nordstrom reports, kohl's reports. i'd be shocked if we got these big beats out of walmart. the one wild card everybody keeps bringing up to me is gas prices. we're at two-year lows, 50 cents below where they were not long ago. that may prove to be the little extra umph that we need from walmart. chegg at 12 to 12.50. >> i want to get to a story that i followed this summer, battle for control of the hospital operator hma. you may recall ea

paulsen: they have truly exemplified what it means to be student athletes. i'd like to commend the coach, stee paulsen and larry foerster, for leading this team and previous teams to their position. congratulations also go to caitlin for placing first in the singles tournament. the tennis team displays a positive standard for their classmates and our entire community it's an honor to represent and recognize such wonderful and outstanding student athletes. i offer them congratulations and i yield back. the speaker pro tempore: the gentleman yields. for what purpose does the gentleman from california rise? >> i ask unanimous consent for one minute to address the house and revise and extend my remarks. the speaker pro tempore: without objection. >> thank you, mr. speaker. again, on the front of they have affordable care act, we have yet another business, this one in northern california, par pra dice, california, called california vocations. it's a nonprofit group that helps people with developmental disabilities to find employment. this organization has had to

paulsen: the truth is the law is hurting americans rather than hurting them.illions have lost their health care coverage. one of my constituents, ron from chaplain, he's had his health care plan for 20 years. he likes his health plan. ron, like thousands of other minnesotans received a cancellation notice. another constituent emailed me this morning saying that his family health care plan was renewed but the costs were going up $5,400 this year. unfortunately, i've heard stories like these from many others in my community. mr. speaker, if you like your health insurance plan, you ought to be able to keep it. and no one should be forced to buy health insurance that isn't right for them or for their family's needs. i'll continue to work with all those that are willing to sit down at the table and have a responsible solution and a real solution to our health care challenges. i yield back. the speaker pro tempore: the gentleman's time has expired. he has yielded back. for what purpose does the gentleman from florida rise? without objection. >> mr. speaker, i ask my