(paulson) well, we're very glad you made an exception to join us today. let me ask you a last question, andres, which has to do about what you were just saying and how you see yourself and your work. you've said your work is like a mirror to you. what do you see in your work? and what does the public see in that mirror? you know, max, that's a very good question, because i look at myself, and i look in the mirror, and i look at the work, the current work, and i don't know what i see, you know, and i don't know if i understand it or not, but that's okay. because there's a lot of art in this world that i don't understand, but, you know, i don't have to understand it in order to like it. and so i would say that it's even better when i don't understand it. thank you so much for joining us today. our guest today on whitney dialogues at the first amendment center has been andres serrano. i'm ken paulson, back next week with another conversation about the first amendment, the arts and america. i hope you can join us then for speaking freely. captioning provided

and there isn't a hank paulson or a one institution that can almost unilaterally do this. in the case of europe, you need everybody to get together and politically, as we've seen even in our own country, it is so very difficult on the downgrade side, it's exacerbating it because people are reading the papers, they're watching what we're talking about. they're calling their brokers saying, oh, my goodness, i can't believe this is happening. in reality, if you look at what's happening in the bond market. treasuries rallied yesterday. yields went down. that means that investors actually thought that treasuries were a better bet after the s&p downgraded them than before. >> that's the great irony of all of this. treasuries, people now rushing to them, despite what the s&p said. andrew, i read what hank paulson said on the deal book, he suggested that he saw this as a moment perhaps where the united states could come together once and for all and do something about the root problems that are causing our economic woes. but given what we've seen over the last couple of months, th

paulson, what is the name of the hotel? it just is kicked my memory. >> ccr.hairperson kim: the civic center hotel. there is a great photo of mr. paulson and residence. >> a whole selection of them. they did some good art work there. a good project. chairperson kim: it is beautiful. i encourage citizens to go check out the photos. it is on mcalester between jones -- thank you. >> ♪ come see about our work thank you ♪ chairperson kim: public comment is now closed. we can do that without objection. we will move item four through 9 to the full board as a committee report. madam clerk, can you please call item 10? >> itunes four through 9 are not scheduled -- items four 29 are not scheduled to be heard this week. chairperson kim: we will move them forward without objection. >> item 10, ordinance amending the elections code to establish a process that permits voters to receive the voter information pamphlet and associated materials by electronic means instead of paper mill. -- mail. chairperson kim: i believe we have a representative from supervisor mirkarimi's off

and that one person who stood up and basically did what needed to be done was hank paulson. [applause] probably something he learned here at dartmouth that caused him to do it. first off, obviously we appear to be facing another significant financial issue. europe is in a difficult situation. our own country has gone through turmoil over the debt ceiling. i guess i would ask you, did you see similarities with what we are going through now and 2008 and you see greece as a precursor but if -- much as lehman brothers and a devastating event? >> a question of lot of people asking right now. i see them as very, very different situations. let's take united states -- 2008, what is our issue? our issue is growth. we need growth and we need jobs. and this is an issue for the whole economy. in 2008, the housing bubble felt disproportionately on the banking system. and a bubble by definition means that it is unrecognized until it bursts. and there is no doubt bubp will extend -- people saw the bubble, but the full extent of the housing bubble was a surprise to the markets in 2008. it's

i'm ken paulson. since the founding of jefferson airplane in 1965, our guest has produced an extraordinary body of music, sometimes popular, sometimes provocative, sometimes both. we're delighted to welcome rock and roll hall of fame member paul kantner. [applause] not long ago, paul, the washington post called you "the political conscience and space cadet of the jefferson airplane." do you plead guilty as charged? oh, and more. were you really the political force behind a very political band? no, no, we're a very apolitical band, if you really analyze it. and--we have the luxury of coming from san francisco, which is very nutritious for off-the-beam, off-the-normal-beam kind of people and nurtures them, really, in its own way. and we, in contrast to, say, berkeley, for example, in the '60s or the s.d.s. or the weathermen, chose and got away with creating our own alternate quantum, if you will, universe: this type of place where we-- rather than going up against city hall and fighting city hall, like

. >> you don't think hank paulson falls in that category?k paulson had his problems, too. but i don't think treasury secretaries matter. this is bigger than the treasury secretary and bigger than a white house. i wouldn't think of any set of policies that you could have done that would have gotten the economy back on the feet and roaring in two years. >> eric: it may be bigger than one white house but not bigger than one white house and one senate. if the senate but republican, you would have had spending cuts and we would haven't been downgraded. >> dana: i don't know if that is necessarily true because you had republicans in charge for eight years and when president bush tried to bring up social security reform they went running for the hill. >> bob: you think this guy starting out with everything against him? >> he admitted he hadn't paid his taxes on time. people have problem with tack taxes. he is the secretary of the treasury. >> bob: i've had a few of my own. i had illegal maids. many of them. >> dana: if we keep going, bob is in trou

steve paulson is up next to tell us if things will change. >>> and nasa revealed new information about mars. charming farmhouse. right next to my posh castle! i'm sensing a theme here. well, i am the queen, dear sister. get your annual ikea catalog today. >>> there will be changes to lunways at -- runways at san francisco's airport. it's to meet federal safety standards to reduce damage to planes that may overshoot the runway. construction may start neck year and be completed by 2015. flights will not be affected. >>> i want to take you back live to wall street, where the dow is making at least a little bit of a come basketball. the 354 points to the negative. is still serious. the -- to the negative is still serious. again, this is about the u.s. economy and the european debt crisis. >>> there's new indication that the two uc beck lurk graduates still jailed in iran could be released soon. the -- uc berkeley graduates still jailed in iran could be released soon. the judge promised a verdict sometime this week. today iran's ambassador told "the associated press" expected two to be rele

let's start with a look at weather with steve paulson. how does it look in >> it looks overcast there pam and dave. low clouds and fog. we are stuck in a pattern they are saying the same thing back in the midwest. they are stuck in hot and humid we are stuck in cool. 60s and 70s and even inland low to mid 80s. here is sal. >>> highway 4 you can see traffic is doing pretty well here coming up to concord out of bay point and pittsburgh. if you are driving on the east shore freeway let's say you are coming in from richmond and oakland it looks nice. >>> sal, thank you. we will start with a developing new story right now richmond police are at the scene of a deadly double shooting and one of the victims is a young woman. allie rasmus is out there right now. police have blocked off that area. >> reporter: homicide detectives arrived a short time ago. we saw them speaking to some of the victim's family members. this is where the shooting happened. it happened in the past couple hours. we don't have an exact time for you here. some of the office

. >>> and meteorologist steve paulson also straight ahead at noon with the latest on then changes you can expect in the weather. >>> also -- >> when we ran out, we didn't realize the rocks were so -- were so bag. >> and the city is looking for answers after a water main burst and damaged cars around it. sis, help me create my oasis. ok, romantic garden? oh, is there a castle nearby? no, but there's a charming farmhouse. right next to my posh castle! i'm sensing a theme here. well, i am the queen, dear sister. get your annual ikea catalog today. >>> in san francisco a rollover crash sent a driver to the hospital. it happened at brennan. as you can see, the car ended upside down. police say the woman was trapped in the car for about 15 minutes before she was freed by emergency crews. there's no word on any other injuries. >>> things are back to normal at bayfair center after a small fire at the shopping mall. it started around 7:00 last night in the chun area between macy's and kohl's. it was quickly put out. firefighters say it does appear to be an electrical fire. >>> repairs are unde

rosemary is in for steve paulson. what will the day be like? >> slightly cooler.'s not until tomorrow we see the temperature begin to drop. meanwhile this morning partly cloudy skies. mostly cloudy as the fog fills in president low clouds once again. part of the inland areas are mostly clear. temps slipping a little bit this afternoon. the bigger cool down coming tuesday into wednesday. we'll show you the numbers for today as well as the week ahead coming up in a few moments. >>> southbound 101 near the waldo tunnel there is a crash involving a couple of cars and also a tree down in the two right lanes. you can expect some delays in this area because they have had to do some rolling closures. they are trying to cut up the tree now to get it out of there. this morning we are looking at the bay bridge approach. there is a little bit of a delay in some of the cash lane. let's go back to the desk. >>> right now police in concord investigating an overnight shooting. this happened near olvera road in grant near hill crest park just after 10:00 last night. that park you

it is a great honor for me to moderate this program with secretary paulson. i play small part in the effort to try to address the financial problems of 2008. we were on the brink of a disaster of extraordinary proportions as a nation. as a world. one person stood between this country in the fiscal meltdown of catastrophic proportions which would have impacted main street in an incredibly dramatic way and that person basically thought outside the box and did things that were not typical of governments and got the congress to do things that i did not expect they would do and let the world -- and let the world by process of stabilizing and trying to correct what were some fundamental failures of our financial markets. as a result, we avoided a massive disruption which would have affected every american in an incredibly difficult way. unemployment would have gone beyond what it has gone. we probably would have had an event equal to the depression in my opinion that one person stood up and did what needed to be done he was hank paulson. [applause] it was probably

he signed the money order as secretary paulson's authorized representative.d through criminal complaint with one count of fraud. a grand jury has yet to indict him. >> this next guy likes his pizza. he's willing to drive 24 hours trait for a slice of pizza. david schuler got frustrated with the pizza situation in mississippi he drove through the night across 16 states to reach his massachusetts hometown. once he got to his favorite place he ordered 150 pi -- pi, s for $1200. they are now headed to mississippi many obviously he likes his pizza >> texas police are in hot pursuit of this forklift. the driver stole it from a construct -- construction site. as he sped down the road police were upset he was creating more danger on the road. the man was caught and hauled a way the forklift should be back soon. >> finally, this just might be the slowest race you have seen. snails have been sliming up the track for 40 years. 370 pounds of snails participate. only the ones that make it to the podium survive. the others are cooked in the town's annual feast. there you h

john paulson is a good guy. he's a good guy, but i do have strong views on it and i will make them public sometime. >> what about ge, which made $14 billion in profit last year, and $5 billion of which here in the united states, and the rest overseas. they paid virtually no federal income tax because they had losses in earlier years. is that an area where there should be tax reform? >> if you look, a friend of mine, and he's a great guy and he was appointed by president obama to be head of the council, and obviously it's okay with the president. >> he is looking for ways to create jobs -- >> no, he was appointed by the president to be the head of the the council. he's a very -- >> yeah, the jobs creating council. >> i think that's fine, and i have a lot of respect for jeff, and i think he's a great guy. it was a tough period of time for him over the last two years but is bring general electric back. you have to look at the particulars of that one. >> that's an area a lot of people are looking at as far as tax re

. >>> a cooling trend started in the bay area, meteorologist steve paulson will be up in minutes to tell you if it will continue through the weekend. >>> tensions continue at an armored car company in the north bay. we will tell you about tactics police are using to try to solve a robbery that played out like a movie script. >>> pg pg&e is still working on a power outage there where a truck slammed into a pole. that shut down the road and knocked out power to 3800 customers. they have restored power to all but a few and will finish around 2:00. the truck will be removed and the road re-opened after that. the driver suffered min error injuries. >>> police are going over video in their search for gunmen who stormed into an armored car warehouse last night. the robbery happened before 11:00 p.m. and the warehouse on north point parkway west of stoney point road. police are releasing few details but do say they are not sure how many robbers there were in spite of earlier reports there were two. they say they got away with some money but won't say how much and locked the steel doors behind th

inspector paulson. >> good morning. what is before us today is an existing business. in short, it is a privilege that allows privilege to sell on site wine and beer. this is an existing business. what they are applying for is to expand. it is a business of high crime and concentration. based on the business plan, we're recommending license for approval. it has existing conditions that would transfer to the existing space. supervisor avalos: we can open item up to public comment. anyone wishing to speak to the item, please come forward. >> [inaudible] supervisor avalos: you can go right to the microphone at the podium. >> my name is catherine robb, the representative for the store. just really quickly, if you would like to review, we have some letters of support from community members, people who live in the area and called the store basically they're leaving -- living room. some press clippings as well from organizations from seven by seven to lonely planet and gq. the store is rare and that it serves craft beer, high-and unique styles of beverages you cannot find any

you know, the great steve paulson is back. >> thank you, pam and dave. we do have a cooler pattern for you today. in fact, the fog is really going up and down the coast, making a pretty strong surge inland. that means temperatures, they start to move down. really haven't changed too much coast and bay. but they'll be stuck in the 50s, 60s there. 70s as you move inland and then upper 70s or very low 80s for locations that should be warmer than this. here's sal. reporter: steve, right now traffic is moving along very nicely on interstate 680 heading south. no major problems on the way to the south bay from the east bay. also this morning we're looking at the san mateo bridge, a lot of people crossing, although it is not at critical mass yet. traffic looks good over to 101. 5:00, let's go back to the desk. >>> we begin this morning with a developing story in san francisco. a man has been shot outside a restaurant and bar in the city's mission district. ktvu's taramoriarty is live at the scene with what she has heard. tara. reporter: the only evidence that a

let's start with steve paulson. i was hoping for warmer weather. i'm not going to get it am i?>> no. we have thicker clouds thaw have lifted a little bit. there is more prop nounsed -- pronounced sea breeze. still upper 80s to low 90s but a lot of 60 and 70s closer toes t

in a sum of 2008 after lehman fell and treasury secretary henry paulson came up with t.a.r.p., during three to four we could when i was very violently debated in the congress and among the american public, john allison took a very courageous stand opposing t.a.r.p. the fact is his bank didn't need it. but he posted in general that he opposed on the grounds of moral hazard on the grounds he did want to see government taking over in asia including 19. a very sad thing happened. when t.a.r.p. fast, henry paulson had the idea that if the treasury said okay, if this bank is a, this one doesn't, this one doesn't, then all the ones who did need it would be identified as arise. often depositors would run. so, you know, what we're going to do? all of your condition are not sick but we will give you all the medicine because we don't want you to know which ones of you are sick. so, what was that medicine? that medicine was that the government became a preferred shareholder in your bank. the government took options on common equity in your bank. the government may design a 250 page contract from

that was the first one, it didn't work and hank paulson didn't do it, and didn't do it, so that stuff is still on the balance sheet. remember, they recapitalized and gave them money and that's on the balance sheet. if we go into a double dip recession, that stuff, cdo's, mortgage-backed securities, you name it, tied to consumers, they go down in price, banks got to take big write office. >> we couldn't bail them out again and there's no political will. >> that's the best news. >> and the problem, there'll be no problem. >> you know, that, no, no, no, they are too big to fail. if citigroup went under with 800 billion dollars in deposits, we're bailing them out because the fdic funds. >> and this congress is going to bail them out? this congress won't let this president spend money on anything. >> they won't. >> they won't, that's the problem we've got. >> and i think if too big to fail comes back and bites them-- twice in a row the atm machine didn't work and-- >> got to have the money and-- >> and currently the money in and out. >> that's a crucial little jump. and then ben stein, how

we learned today hedge fund investor john paulson cut his stake in half at the end of the first quarter. and george soros sold all of his stake. mutual fund fairholme management, though, increased its stake to almost 100 million shares. the big deal today was in technology. as darren reported at the beginning of the broadcast, google will buy motorola mobility for $40 per share in cash. at $12.5 billion, it's google's biggest buyout. m-m-i popped more than 50%, closing less than $2 shy of the buyout price. this stock was spun out of motorola last fall. meantime, the buyer, google, saw its share price weaken a little, falling about 1%. volume was almost twice its usual pace. the deal shakes up the wireless industry, and today's market action shows that. nokia jumped more than 17%. it has had a tough time competing against smart phones. research in motion was up more than 10%. it's blackberry business has been under pressure, thanks to the iphone. apple stock was up almost 2%. as darren also mentioned in his report, the deal is about patents as it is about anything else. one patent compan

i also have read henry paulson's, hank paulson's book on the financial crisis as well, so this is an area that i really want to become a much better student of, and this book helped me do that, "too big to fail. " and another book that i'm reading right now, and this is a book that i'm just about done with, is allah, liberty and love. she's a good friend of mine, and i admire her willingness to question tradition and convention. and she promotes this islamic ideas which is inquiry, questioning. and at a time when you find some people who offer ideas based on tradition and just precedent and what has happened, she's one who says, no, there's this other tradition of inquiry -- excuse me -- and questioning. and her book, basically, is, you know, talking about how the modern islamic world, um, has an opportunity to really incorporate ideas of liberty and freedom. and as we look at the arab spring, you know, there's no doubt that the book she's writing is actually an important perspective because that's exactly what the people in tahrir square and the tunisia and in all over the region ar

it is your dartmouth classmate and former treasury secretary, hank paulson. so when he is sitting in that chair, what would you like for him to answer? >> i've got two related questions for you. why in the wall street bailout did you not condition those funds on wall street doing several things that it needed to do? particularly with regard to mortgage litigation and also making money available to main street, small, regional banks? and also putting some constraints on lobbying by wall street firms particularly during the particular time congress was trying to reform the financial system? [applause] zb and secondly, hank, after you explain all of that. [laughter] >> i would like you to tell us whether the social benefits of wall street exceeds the social costs. thank you, hank. [applause] >> ok. some things in life never change. those souppeded like two questions rather than one. i'm going to start with the first one and it's the second one then go to the first one. the the social benefits versus costs, i'm a capitalist. and i believe -- [applause] >> and i b

virtual impeachment and they're going to basically put a gun to the economy said the same way that hank paulson put a gun to congress and said back in two thousand and eight and extracted and extorted three quarters of a trillion dollars for his banking buddies now boehner and his group of politicians his friends in washington are putting a gun to obama said and say either you abandon your president say you give us all the power or we're taking this economy down it's what we've been calling in the show financial terrorism is the most pernicious and ugliest form of terrorism in the world and al-qaeda look like mother teresa in terms of scope damage and the destruction of human life and boehner is kind of like a terrorist with a suntan he's the suntan terrorist financial terrorist from washington but it's also part of their banana republic in ization that we've talked about this a number of times as this often happens like in the egyptian economy where how egypt fell apart how will bark left office is because they were turf wars between the various monopolies over the sectors of the economy so wh

for ten years have been getting all of the money they've extorted from government whether it's hank paulson back in two thousand and eight or now barack obama who is just a puppet of wall street extorting once again for free handouts free money again for the too big to fail banks and this is going the way of all these other countries of saying where they've downgraded the debt great for bankers great for fees great for christmas bonuses this year for the kids but unfortunately horrible for anyone living in these countries where the american public is having their worth decimated by wall street banks and j.p. morgan and goldman sachs are to america's middle class what buffalo bill was to the buffalo population in america their interest in wiping them out it's foolish to think of this in terms of republicans versus democrats this is about savers averse to speculators speculators want interest rates at zero percent and they want u.s. treasury bonds the junk savers who are not getting any return on their investments because interest rates are zero are buying gold which is about to hit another n

under the table he's a corrupt world leading slimeball that's the point of having had funds like paulson worked with dawn. sachs in your country last year to meet up to decide how to sell off your state assets that's the point of having steve forbes of the international chamber of commerce having a meeting over there at the hotel britannia a couple of months ago to decide how to sell your state assets that's what happens when you lose your sovereignty that's what happens when you sell your soul to the devil that's what happened to be at the i.m.f. india home if you ever see a banker on an airplane report to the middle of the pilot it's a dangerous situation don't let bankers on airplanes there are going to college trees and they're going to blow those countries up with weapons of mass when it'll destruction no papers on airplanes if you supercross an airplane report it immediately to the t.s.a. i gave myself i don't have a story about bankers the last headline here goldman sachs traders quit was big louis is drying up so more than a dozen traders according to this article have quit goldm