once we needed a financial rescue package because the credit markets were stopped up and so hank paulson using tarp completely differently than how he presented to congress was the question and that happened that actually happened and hank paulson got off pretty unscathed for what many people have accused him of doing there we all move past it now we have president obama signing away our constitutional rights with the n.d.a. the national defense authorization act with an amendment that says american citizens can get military detention without due process so the question is the legislative i guess rape on autopilot i want to bring him back back and dr paul craig roberts to answer that question i just gave a couple of examples dr roberts going back to hank paulson to bring back that history lesson to our viewers i know our viewers are very familiar with it and then looking at obama today and the kind of acts that he's signing it is the legislative rate at this point on autopilot. where you don't look the legislature is always the weakest element and it needs to be very defensive the schola

paulson supporting it. i do not think i have heard mr. paulson advocate for one candidate.having been to a number of your venues, i know of your work and it is incredibly impressive. mr. eicher, you had a ton of folks here as well. one of the things i have realized on the board, i have seen in district 2 is a lot between the neighborhoods and the commercial corridors. that is an inherent tension in our great neighbor kids in the city. it has come through for what people have said and what you have said about your desire to integrate and work through those issues. that is so important and especially our technology background, it is very fascinating for me personally. i will indicate where i am thinking right now and i will let my colleagues talk. amie, i will have difficulty considering her today given that she is not here. this may seem not fair. it has been consistent with what i've done all year. when we have all lot of -- even though your recently moved out, when we have a residency waiver requirements, i have a difficult time and i have been this way all year with peopl

steve paulson is tracking automaticle -- all of the temperatures. let's check in with christian calfton first. how bad is it out there? >> reporter: we've been monitorrering the temperature. it's been holding steady for about the last hour or so. we watched temperatures this morning. it dipped down to about 25, was the toldest that we saw this morning. as you said, those chilly temperatures here in livermore and around the bay area, prompted the weather service to issue that freeze warning. it wasn't hard to find frost on windows around the bay area. that could be an inconvenience for drivers. the more serious issue, of course, when you see frost on windows is black eyes on -- ice on the roadways. sal cass cass's been keep -- sal castanedo has been keeping an eye on that. people here in livermore and around the bay area bundled up. most people say today's cold snap really caught them offguard. >> it's been so cold. you never know when it will hit around here. we get a little bit. it's okay. >> reporter: temperatures again holding steady here at 26 d

you remember hank paulson, the head of one of the largest financial institutions in the country.nd he had made $567 million from goldman sachs. he went over to treasury department, where he was head of the treasury for the bush administration. and he gave goldman sachs a $13 billion back door bailout. and that's one of so many different things they the cronies inside the treasury department and at the fed did during the bailout. what is a back door bailout mean? >> goldman sachs basically made bet that aig would be able to pay them. aig went bankrupt. those cases, you lose all of your money, sad day for you. in this case sad day for us. because hank paulson talks to others, and they said not only are we going to have this bankrupt company pay back goldman sachs with taxpayer money, but we're going to do it at 100%. that's crazy. no way when a company goes bankrupt, that they pay 100% of that. they went bankrupt. they pay at best a small percentage of that money. but in this case we didn't have normal business. they took $13 billion of your money, and gave it to goldman sachs beca

we know from hank paulson's memoirs that he asked and members of congress who were at that meeting hadto leave their blackberries and cell phones at the door, it was highly sensitive, and we know based on paulson's account that they informed members of congress that this was a potentially cataclysmic financial crisis, that the dow jones industrial average was going to go down at least 20% and that we were looking at potential catastrophe in terms of the economy. according to paulson, the congressmen who were at this meeting were ash schoen-faced and stunned, those were his words, at what they were hearing. after that september 18th meeting, ten people who were at that meeting -- members of congress -- went out and sold a bunch of stock the next day. congressman from virginia moran sold stock from 90 different companies, other members of congress who dumped shares in the financial sector and ended up buying shares in other companies that did very, very well. there was also a gentleman at that meeting named spencer bachus. he left that meeting, and the next morning bought something calle

. >> i would get a call on friday afternoon from paulson after 4:00 when the markets closed and when the phone rang i thought oh another one's gone under. a another bank, another crisis. it was very hard. i was dealing with stuff that was intellectually very complicated, of enormous importance to the public, to the economy and difficult. so i was tired and i... i... you know, i'm not a puritan. i have no objection to leisure time and enjoyment. i have a ptner now, jim rea, i was an emotional attachment. i'm in love for the first time in my life. >> rose: also this evening, former senator george mcgovern, also a democratic presidential nominee, talks about what it means to be a democrat. >> i don't agree with those who criticize the federal government as our enemy. i think it's the best government in the world. and look at all the things that has done... so i cringe when i hear some of my republican friends talking about the terrible federal government. >> rose: barney frank and george mcgovern when we continue. captioning sponsored by captioning sponsored by rose communications from

according to paulson the congressman at the meeting were stunned at what they were hearing. after that september 18th meeting, ten people who were at that meeting, members of congress went out and sold a bunch of stock the next day. congressman from virginia sold stock in 90 different companies. you had other members of congress who jumped shares in the financial sector and buying shares in other companies that did very well. there was also a gentleman at that meeting named spencer baucus who is chairman of the financial services committee who left that meeting and the next morning bought something called perot shares over shorts q q q. that is an options trade that is a leverage by that your shorting the market. you're betting the market or in this case knowing the market is going to go down. he literally made that trade the next morning and made $10,000 while putting a couple thousand dollars at risk. during the financial crisis as he was having this series of meetings and writing t.a.r.p. legislation and was a ranking member of the financial services committee engaged in

secretary paulson, chairman bernanke and chairman cox have briefed leaders on capitol hill on the urgent need for congress to pass legislation approving the federal government's purchase of illiquid assets such as troubled mortgages from banks and other financial institutions. >> the bush administration came to the rescue of some of the county's largest financial institutions, to the tune of 700 billion tax-payer dollars. >> we elect a new government because the public said, you know, "we're scared. we want a change." and who did we get? we got larry summers. we got the same guy who had been one of the original architects of the policy in the 1990s, the financialization policy, the too big to fail policy. who else did we get? we got geithner as secretary of the treasury. he had been at the fed in new york in october 2008 bailing out everybody in sight. general electric got bailed out. morgan stanley, goldman sachs, all of the banks got bailed out, and the architect of that bailout then becomes the secretary of the treasury. so it's another signal to the financial markets that nothing eve

era all right we've covered the paulson era now run the john corps announcement about four months of the collapse of a global not a single pair of handcuffs or nobody's going to frog marched off the trading floor you wrote on your blog that john corazon m.f. global on accountability do you expect corazon walls gape any accountability for his actions well me it is looking increasingly likely that he will he shouldn't he had to have known exactly what m.f. global did with its customer funds because he was part of the trade that required the use of them so there's no way he doesn't know there's no way he didn't realize that the regulations that talk about how to segregate customer accounts were bling obliterated by him and his company and yet congress in its show investigation with him handled him with kid gloves and there were no less than seven regulators who were supposed to be monitoring what he did who have yet to slap him with anything so it's looking increasingly likely like he's going to be just another one of these large c.e.o.'s who ransacks people's money and walks away thoug

according to paulson, the congressmen that this meaning were stunned at what they were hearing.fter that said under 18th meeting, 10 people who were at that meeting, members of congress, when not canceled a bunch of stock next day. congressman from virginia a rant a rant. you would other members of congress to dump shares ended up buying shares and other companies that did very, very was also a gentleman named spencer of t

paulson says he doesn't know who paid the officer or how many.ys his group like other aid organizations has little choice but to hire locals for security. norm sheehan who has worked in somalia with aid groups says local leaders require that as for bringing in western security teams -- >> if you bring in a protection force with you, they might as well as bring body bags with them. they will be targeted. >> gary oliver, the head of a security firm says outsiders have to get to know local tribal leaders. >> when you're coming to work that morning, how did he look? was he worried? nervous? was there strange people you'd never seen before? there's a number of telltale signs that you should be able to recognize. >> we pressed frederick paulson, head of the danish group security whether other guards were in on the plot, whether they resisted if they ran away, he says that is not clear. contacted by cnn, somalia's ambassador to the u.n. says the transitional federal government there has no control over the police in that region but says his government w

of course, steve paulson has all -- hat all of the information. will have your forecast in a couple of minutes. you can always get information send to your mobile phone. >>> big announcement from apple. it's certainly to capture the attention of everyone who owns an ipod. pam cook will tell us about the digital textbook at 8:45. there is a last-ditch effort to save a famous san francisco watering hole. a news conference is planned at 4:00 this afternoon at the gold dust lounge in union square. the bar is set to close. herb crane and jackie season attend -- herb cane and jackie glee son frequented the bar. >>> san francisco police are searching for -- for two boys who stole a 12-year-old boy's bike at gunpoint. the boy told police he was riding his bike when two teenagers stopped him and threatened him with guns. the teenagers stole the bike and the 12-year-old ran home. he was not hurt. >>> oakland police have made a connection between a missing woman and a body found in the oakland estuary. the woman was found december 15th at the ferry landing n

one on september 16 and 1 on september 18 in which ben bernanke the fed chairman and hank paulson the treasury secretary, sit down with senior members of congress and discuss with them the true gravity of the situation are going to keep in mind this is mid-september. the dow jones industrial average is still at 11,400. people are nervous that panic is not set in. we know from hank paulson's memoirs that he asked and never had to leave their blackberries and cell phones at the door. it was highly sensitive and we know based on paulson's account that they formed -- informed members of congress that this was a potentially cataclysmic financial crisis and the dow jones industrial average would go down at least 20% and ta

we have spoken with the man named frederick paulson according to mr. paulson, they were being guarded by a group of possibly seven or eight policemen affiliated with the somalia government. they were part of the spu, special protection unit. they were moving between regions patrolled by different clans, changing vehicles as they moved from one area to another. paulson says the leader of that police unit was compromised, that he was paid by the kidnappers to turn on buchanan and to aid in their capture. i spoke with paulson over skype this morning from his home in sweden. >> he was sold out and he had a mission to capture ex patriots and had change of some of the ordinary spu guards that we utilized into guards that were -- they were just not part of the and came close to the position and then they were stopped and then they were moving into other vehicles and driven away. >> pallson would not give us that police officers name. at this time they believe that one other officer, the lead officer was the only person involved in the kidnapping plot. he says

paulson. anyone else from the public that would like to speak?ing them, public comment is closed. you're asking for a three-week continuance. i believe that presidents' day is february 20, so there is no land use meeting. it would be the following meeting, which is february 27. can we take the amendments without objection, colleagues? thank you. without objection, we will continue this until the meeting of february 27. supervisor chiu: 1 comment. i know there are where a couple public comments are in the recent issues happening in the arts commission. many of us have been concerned about the situation, and we hope that there are changes to how the arts commission is managing itself to move that forward. but this is not legislation about whether or not we helping the arts commission or not. this is really legislation about the requirement of developers of using 1% of their project costs to spend on cards. right now, the law says that that money needs to be spent on on-site art, usually in the lobby way of these public buildings. this legislation i

walter paulson. ♪ if you are going to san francisco be sure to have some budget -- some budget homelessoney there if you are going to san francisco, you are going to find some homeless help theire all across the nation they got money before they went on vacation on this motion, bring it on like a money ocean so those that come to san francisco, they are going to find some homeless help there, they will find some hope, help on, hold on here, they will find some help here they will find some help on here today ♪ [applause] >> good afternoon, supervisors. i am here to support the families that live in hotels, shelters, under the bridges and in their cars. i hope that you can give

let's check in with steve paulson. >> we do have really thick fog around the bay. doesn't look like it will last too lock. higher clouds will scoot out of here pretty fast. we will have a sunny day.

walter paulson. ♪ if you are going to san francisco be sure to have some budget -- some budget homelessoney there if you are going to san francisco, you are going to find some homeless help theire all across the nation they got money before they went on vacation on this motion, bring it on like a money ocean so those that come to san francisco, they are going to find some homeless help there, they will find some hope, help on, hold on here, they will find some help here they will find some help on here today ♪ [applause] >> good afternoon, supervisors. i am here to support the families that live in hotels, shelters, under the bridges and in their cars. i hope that you can give them a welcome, holiday christmas gift for housing. i want to say thank you. [applause] >> hello, my name is kimmal. i came here with my daughter in her three children. i am thank you for a motion allowing us to be here and by being a 24-hour drop in center, we were able to stay there and get ourselves together to try to find housing. we have been trying to find housing at a steady pace for two months. nothing fit

frank paulson wanted to know what impact his addiction has on the people that live there, so he went to come and go and found some uncomfortable truths. >> we are in a sales convention for mobile phones. behind the presentations is a sinister story of the appalling conditions at a cold and mine in the democratic republic of congo. while phone maker nokia is based in finland, the suffering and exploitation in the heart of africa goes on. what is the connection between mobile phones, minerals, and war? a danish journalist investigate the issue in a gripping documentary film. kirk's the war in the condo has social and ethnic origins, but very soon, in the middle of the 1990's, when the mobile phone industry boomed, the prices for these minerals skyrocketed. very soon, the war became more about these minerals and today, it seems to be more about these minerals. >> can our phones contained minerals financing wars in the condo if the world has known anything about this, why has no one done anything about this? >> he is a mobile phone junkie, which gave his interest and extra edge. he came

. >>> steve paulson will be along shortly and he will tell you if you will see any rain in the bay area, any time with officials late this morning. we're talking about the water main break that caused quite a mess overnight for some businesses. @@1 8 >>> just hours from now, you a owants will get together in county-by-county caucuses. this is the first poll to sift through for the presidential candidates. the candidates have been campaigning all morning but as chris welch reports, this case is too chess it -- -- too close to call. >> reporter: the candidates are up and at 'em early. mot is running a wave of confidence with his front- runner stat dis. >> we're gonna win this thing with all of the passion and everything we can to get this campaign on the right track. >> reporter: romney and ron paul are both trying to shake a last-minute surge. >> very liberal. >> lib snerl. >> have you looked a the records? if i had their record, i would talk about wha was gonna do, too. but i'm actually proud of my record. >> reporter: after add milling his chances of a win are -- admitting his chances

. >>> steve paulson is closely watching the sky to see if there's any rain on the way. he'll have the forecast just ahead. >>> the final and most telling poll ahead of the iowa caucuses shows a last minute surge. i'm in washington. the latest on where the republican candidates stand is straight ahead. >>> the 123rd annual tournament of roses parade wrapped up a little while ago in pasadena. a crowd of 700,000 lines the streets to see the floats and marching bands. some camped out over flight to get prime viewing spots. >>> a person of interest is now in custody after twelve more suspicious fires broke out overnight in los angeles. police say they are confident a man taken into custody early this morning is responsible for setting the fires. he was stopped by sheriff's deputies while drive vang with materials possibly linking him to the fires. he was detained after the release of this video showing a man walking out of a parking structure last saturday where one of the car fires happened. fire officials are not saying if he is the man seen on the video. >> they're questi

paulson. >> i don't have a song prepared for you, but perhaps i can do a dance.a letter that i like to submit to the supervisors. they are supportive of the proposed regulations for the plazas. as one of the neighborhoods closest, we are aware of the problems that exist because of the lack of rules that result from these plaza's not falling under the control of any city agency. it is signed by dennis richards, thank you. supervisor wiener: thank you very much. >> i am the chair of the castro community on patrol, a volunteer organization to improve the safety and security of the castro. i have ideas that can be forwarded to the other commissioners. the thing i want to point out is that these plazas are both adjacent to residential areas. in the case of jane warner plaza, there are 12 apartments above the sidewalk. in the case of harvey milk, there is a condominium group that has their entrance on the sidewalk of the plaza. what we find is that without any consideration of the folks that live there, common sense and decency are being able to have a time of day wher

tim paulson, labor counsel. jeff tiller. olga miranda. patrick regan. steve craviel. >> supervisors, jeff pillar. i am here on behalf of employees employed in the waste hauling, parking industry, theatrical industry, janitorial industry. as supervisor wiener said, attempting to address some significant holes that are in the existing ordinances that have been around since at least 1999. as you have heard, one of the primary changes is the change to make what has now been a prevailing wage ordinance which the city has attempted, city departments have struggled to apply to situations involving non-employees, independent contractors, to require anyone bidding on any of these contracts to have a employer- employee relationship. the reason for that, one cannot apply a prevailing wage ordinance to people who do not earn wages. it is not an apples to apples comparison, by any means. what was noted to earlier by mr. levin was the sludge contract came up last year, the before. frankly, that is a good example -- not the only example, but an example of the problems

we know based on paulson's account that they informed the members of congress that this is a potential cataclysmic