gold i really really like houses and you have people like john paulson david when. you can source even buffett actually about houses. a lot of buy houses and these are smart guys so i think i would i would tend to side with them as opposed to mr bernanke you maybe will end up with them for name contrary and jack's eric maybe that's next the wii's the guy that aside i want to go more into housing you have been writing about it you mentioned it just now we just got numbers out earlier this week from case shiller showing that housing prices if we can bring them up are back to two thousand and three levels so this was just the news that we got out earlier this week but then you show that when you look at median home price in terms of per capita disposable income it's actually much worse than we can bring up those numbers too because we have a chart from you eric and it shows that they're lower than they have been in forty years if we could bring that up eric tells us what is the opportunity here. right well i mean obviously out of that i would start by saying i have i h

[paulson laughs] nobody quite made the music you made. it takes a nation of millions is not the kind of music that you heard from other people at the time. it's a statement that you didn't hear from other people at the time. what drove you in the direction of very pointed political commentary and in-your-face kind of music? our sole intent was to destroy music. [laughs] and sonically, we set out to do that, to redefine what people thought of as music, at least in the black urban sense and rap. and also to be able to say something. rap was basically about, to us, saying what you know and saying what you believe and just filling the rap up with words. and being that my first records, i'm 26 and 27 years old, i'm not going to try to sound like a 13-year-old kid, and i'm not going to try to appeal to them either, 'cause to me, rap was a grown person's sport, as it hit myself. so obviously, being a child of the '60s, i'm gonna say what i know, say what had impact and influence on me. myself and hank and others, we would promote gigs and put ma

was betting against or john paulson about the right to paulson's big stuff was betting against was a fund that goldman sachs all put together but paulson helped pick the mortgages and they were they picked the ones that were the most likely to fail and yet when i think the allegation is when goldman sold them to its other customers it didn't point this out at pretended that this was structured to be a good investment not to be a bad investment so somebody else was was betting that they would fail and in fact goldman themselves was betting against some of the very products that they will recommend that their customers buy but the reason that some of that is able to dial on it the fact that these that last we have so much and we'll end on washing. down that's what we've got to stop i'd like to open up first of all we need to get rid of these regulatory bodies i don't like i don't think that a brokerage firm or an asset management firm should be licensed by the government you know i think that individuals should be able to decide who they want to work with and they should be able to wor

paulson? >> good afternoon, ruling committee. i want to say that i have known michael nulty for 30 -- 34 years, and i think you'll be a good candidate. and -- >> ♪ he is part of the city part of the crowd i know it is going to work out in those city times pass this one he is really out of sight oh fix this one fix it up on the last city train home tonight pass item one it is michael nulty he is out of sight oh time fix this on and he is going to fix it up all right ♪ supervisor kim: thank you missed -- a thank you, mr. paulson. any other public comment? seeing none, public comment is now closed. oh, ok. please line up so i know, otherwise i will close public comment. but i will reopen. >> i am going to put my backing behind michael nulty. he is in the community and in doing stuff. he is networking. he has all these internet connections to the community. he has his voice and word out there. supervisor kim: thank you. any other public comment at this time? ok. seeing none, public comment is now closed. i do want to thank all the ap

bush and hank paulson that stepped in. >> that was george w.ush and hank paulson. >> he is trying to get on the wrong bailout here. align with wall street while president obama is winning detroit and middle america. bad strategy. the core problem in our economy right now is the shrinking middle. can a super wealthy private equity guy deal with that. >> it makes it hard for him to campaign against president obama. because of course it is a bush paulson obama geithner continuous recovery from near apocalypse. he can say oh, obama doesn't deserve all the credit but he can't say it's a different policy. >> it's the guggenheim video. which begins talking about that moment in american politics when president obama took the reins from president bush and he did act with a certain amount of strength and confidence in a time of crisis. it is also telling that he's talking about george w. bush. i would bet they are not a lot of american who is think fondly about george w. bush and his handling of the american economy. >> it's -- he is right that paulson a

(paulson) there's a lesson here: obey the copyright laws. [laughter] well, you know, that's problematic for me, a $17 book and a poor little school. what can you expect a teacher to do, of course, after all? so you were ahead of napster; that was-- [laughter] your files were being downloaded to young people. yeah, mm-hmm. there are a lot of heroes on this stage. and in your case, you fight for a teacher who taught your book. in your case, you decide to defend a book that had been banned from a local school. and it couldn't have been, necessarily, a safe position to take as a businesswoman in town. how does a bookseller get involved in defending a book? well, it was kind of an interesting way. i--what was happening was that a teacher in the seventh grade-- teaching seventh grade english and social studies-- was using the book shabanu by suzanne fisher staples, a newberry honor book, to teach to seventh graders who were doing a unit on the near east. and 90 children read the book, and it was a very successful book. she was a very imaginative,

steve paulson says the storm is supposed to be at its peak this afternoon into the evening. the weather has already caused delays for some travelers. sfo began a flow control by 8:00 a.m. and by 9:00, there were delays. other bay area airports are not reporting significant delays. >>> meanwhile, the california highway patrol also issued a wind advisory this morning for the bay bridge. here is a live look outside. and you can see the camera bouncing around. the wind warning went into effect at 4:00 this morning. drivers are cautioned to be aware especially if driving those high-profile vehicles. >>> and in the last few hours, the supreme court justices started to tackle the key debate and several are criticizing the law's mandate for insurance coverage. alison burns has more. >> reporter: maureen, it looks like president obama's healthcare overhaul is in trouble. >> realwomen by their own -- real women buy their own birth control pills! >> reporter: the justices seemed to side with the opponents of the law. they also asked if the government can force the american people to ea

what's paulson's role with hartford and cno? >> paulson made a long bet on financials, 25% economic owner in cno and on the board. hartford was another way to play that. under 10% ownership there. life insurers are late to the recovery. this group still trades 90% of book value and 7 or 8 times earnings. so i have a broadly favorable bias on the group. i have a buy on cno. i have a buy on hartford. >> thanks for explaining that, randy. thanks for coming on "street signs." >> thank you. >> coming up, why investors in nsg are cheering reports to the death of linsanity greatly exaggerated and there's a new twist to the feel good saga. "street signs" back shortly. >>> and what would a day be without a little angry herb? this time an old one but a good one. get ready for a green mountain eruption. >> i want to play that game. "why did i roll over my i.r.a. to scottrade?" "for starters, it didn't cost me anything." "and i got a one-hundred dollar cash bonus for rolling over by april 16th." "i like bonuses." "plus at scottrade, there a

bush and hank paulson that stepped in and kept that from happening. >> yousa! bush saved the economy? newsflash? the bush policies led us to the brink of almost another depression. in the waning days of the depression, bush saved the banks, no doubt and saved his buddies at goldman sachs and obama was looking out, i guess you could say, the rest of the country. 3 1/2 months after t.a.r.p., employment was still in the middle of a steep free fall. then president obama signed this thing called the stimulus package the republicans didn't support and then the autoloan republicans were against and even called it a bailout and then the middle class tax cuts. today, we have had 24 straight months of private sector job growth, unemployment on decline for six months. today, we learned weekly jobless claims fell by another 5,000. they are at the lowest level since february of 2008. sure, t.a.r.p. helped out wall street. president obama went much further when he took office in 2009. i guess mitt romney, he wants you to forget that 2009 ever happened. all gone! let's turn t

paulson was also there. i do want to go back again to the deficit, because the chairman said to me yes, he agrees it should be the military. he talks about the entitlements. when you talk about the level of reduction we need, if you get it all out of social security and medicare and gnt elsewhere, you do danger. i believe you start with overseas military expenditures that are excessive. from the economic standpoint, given the point of a longer term policy to reduce deficit of the purely economic standpoint, but from the purely macro economic standpoint, is it different those came from reducing the cost of living increases or restricting medicare or from some change at the tax code at the upper levels of income. is there any macro economic difference? >> from a macroeconomic perspective, the main thing is to achieve sustainability. >> it make that much difference which way you did from the macroeconomic standpoint? i want to go back to this question of the dual mandate. and the notion that somehow you really

or someone like hank paulson who was instrumental in bailing out america's banks during the financial crisis take the stand to answer for their actions we'll tell you what we think let's get today's capital account. now as i said china has just come out and lowered its growth target for g.d.p. from eight percent to seven point five percent and its premier reportedly said in a speech that the nation needs to shift to a more sustainable economy so one that's more consumption driven shifting away from alliance on exports and capital spending so let's talk about what is a sustainable economy the u.s. noddle as a consumer economy has proven not to be so sustainable as we've seen that huge bubble that burst in two thousand and eight and a consumer economy that has sputtered along since we've seen it take a disproportionate toll the u.s. has for example five percent of the world's population consumes twenty two percent of the oil according to figures from the energy information administration and people conflate consumerism and capitalism as one and the same but are they and how much of us c

so last year it hurt both tepper and paulson. this year it's clearly going to be helping. >> they were just too early on the calls? >> way too early on those calls. >> is there one name that's been consistent on your last for the past couple years? >> if you look over the history of the list, jim simons is the within manager who has been on all 11 times. >> you didn't even have to think. he's like the -- >> he's a math genius. and he's also -- they're looking at lots of fundamentals. but they're trying to analyze them to see -- looking for an anomalies and mispricings. >> short term, too? >> short term, medium term, some longer term. the's really impressive. >> carl icahn is number two on the list. where is he traditionally ranked? >> he's generally only last few years has he actually been a hedge fund manager. so in the past he hasn't been ranked that highly. this year he comes in at number two. he made $2.5 billion which is pretty impressive. returns up over 30% last year. >> he's been scaling that fund down. >> he has. and act

and now steve paulson. >> the afternoon commute will be much nicer, sal. it was pretty nasty out there. that was a strong spring system that came by. a very warm system. it was a wet snow up in the sierra. last couple checks there has been reports of rain. it's finally turning to snow here. we are almost on the back edge of this system. so there will be scatter showers in the morning and decreasing in the afternoon. partly cloudy, mostly cloudy today. a few showers. nothing too heavy. occasionally looks like a little line forming. over to the peninsula and the south bay. where most of the rain was toward the santa cruz mountains and russian river. cazadero over five inches of rain. vacaville almost two. redwood city 1.24. napa almost an inch of rain. mill valley had an inch of rain. santa rosa at 63% of normal. they now have 20.16 for the season. a big difference compared to last year and 12 inches below average. san francisco almost 12. and san jose only ran at 35%. mild air mass coming over us. they don't hold a lot of cold air. the system will start to

mark tamayo is in for steve paulson. it was a horrendous drive. >> yeah. a lot of waters on the roadways. that coupled with the wind we still have quite a bit of rain to talk about this morning. be extra careful on the roads. as you can see on live storm tracker 2 the darker shades of green correspond to moderate rainfalls. this will continue to be a big factor for the morning commute and for more of the morning commute we'll check in with sal. >>> mark, we are looking at this tree that came down on the coolage off ramp. this big tree came down around 3:00 in the morning. the crews have came out with chain saws and have managed to let some cars through. it's a go ahead thing no one was injured when it came down around 3:00. this scene should be cleared in a little while. completely at least so all the cars can get on the freeway. quickly we are looking at the san mateo bridge. this traffic looks good out to the high-rise. at 5:02 let's go back to the desk. >>> we continue our storm watch coverage this morning. rain conti

paulson, we have very high expectations given the nature of the meeting. [laughter] >> ♪ cheer up sleepy city oh what can it mean to a nighttime dreams believer and a city please keep it green and so cheer up sleepy city oh what can that mean it to an entertainment believer and a city and make it mean and city land-use we have got some land use and we have got things to say land-use bring on the entertainment bring it here today city city you know that it is true we need entertainment whinnied in good from you i say city i say city i do not want to find that we do not have entertainment and are not even one dime i say city you know that it is true we need good entertainment and we needed from yeaou ♪ >> thanks. supervisor wiener: thank you. by the way, we have now gone through all the cards. >> hello, i am is small business owner, and we were mentioned earlier. we were trying to put up a nightclub at 43 sixth street. we keep hearing that there has been pushed back from the city. we're fighting this constant battle to put a bar in that location. i wanted to

as a result, i'm told, john paulson, the founder and ceo will pay some employees out of his own pocket based on their performance just for 2012. in other words, employees are starting with essentially a blank slate on jan 1uary 1st of this year. if they get into the black, they will be able to receive a percentage of the profits i'm told. this is something they haven't heard much about since the financial crisis of 2008. it's interesting what paulson is doing, no doubt to keep dow going and keep people from leaving. >> kate kelly, good to see you back. thank you. >>> as we head toward the closer and the last half hour of trading, let's get a stat check on the dow jones industrial average. right now, the dow is down 7 points at 13,234. it was down as many as 17. and then it was up 23. so it's been a pretty narrow range so far today. but technology stocks have been amonth the best performers. juniper networks. jds, micron, tellans and motorola. >>> treasury markets have seen a pretty good pop in the month of mar, but, the pop may be short-lived as ben bernanke this week pointed toward qe

let's start with steve paulson. the friday forecast seems about the same as yesterday? >> a little change. we're all sunny. nice if you enjoyed the last couple of days you will like today. unless you're by the beaches where there is an increase in some of that coastal fog. everall it will hang out there. it will start to increase tonight. a little cooler over by it with 50s and low 60s. >>> right now traffic looks pretty good if you're driving on southbound 101. in marin county there is no problems here. also the morning commute looks good if you're on 680 southbound heading downs hill. now let's go back to the desk. >>> overnight news shots rang out near a fairfield condo complex where two men were gunned down. tara moriarty joins us now with what police are saying. >> reporter: we spoke to police this morning and they did confirm that gunfire erupted here last night inside the parkway gardens. it's the second time it has happened in two days. last night again we noticed that some police were searching a white car at the corner of dover and east pacific streets. the ca

steve paulson knows all about today's weather. >> is it friday? >> i think so, yes. >>> we have cloudy skies to mostly cloudy skies. stretching from -- the farther north you go, the more possibility of rain. it will be sunny to mostly sunny. here's sal. >>> steve, good morning. traffic is going to be doing pretty well in many areas. golden gate bridge, headed south with no major problems headed down to the toll plaza. there were problems on the tracks in oakland this morning. this is the scene near 4th 4th street shortly before 4:00. a confused driver took a wrong turn on the tracks and kept going. it's easy to do because the tracks are paved. but this person kept going. no one was hurt, but the wrong turn did create delays. the one amtrak train that was on an overnight trip headed north. let's go back to the desk. >>> time now, just turning 5:02. we're following developing news we first told you about at 4:30, a homicide investigation near the bay bridge. alex savage tells us, the victim is an adult man. what else do you know, alex? >> reporter:

it's bush and paulson. interesting there, as the economy begins to recover and the romney campaign trying to make sure the president doesn't get as much credits as the public so far has been slowly been giving him. finally, the president will continue his effort to turn this political weakness of late on gas prices into a strength when he visits, actually there now, pushing oklahoma today. it's the southern end of the keystone pipeline. the president will announce an executive order requiring expedited permits in a review what the white house calls vital infrastructure projects including the southern part of the pipeline nap order establish as multiagency task force to identify the most urgent projects by the end of april. the republican candidates are already mocking the announcement. >> apparently the slipping pole numbers convinced him to announce the lower half of that pipeline. if we can get the poll numbers lower we might be able to get the other side, too. >> president obama responded to the criticis

paulson. next speaker. >> good afternoon, my name is douglas chapman. i've lived here for 60 years.e subject of school improvement grants, my main concern especially when i had two young children are water happened to thurgood marshall and bergen high school? i was planning to send my son and daughter there. unfortunately, when i researched it, they had gotten off to such dubious starts that i ended up not going to either school. as far as i could research it, it seems like marshall and bergen achieved the school of being a low high school. i think we're doing a disservice by having one low high school and allowing marshall and bergen to continue to fall behind in achieving the saddest of low high schools. everyone agrees that it's obviously important to have the three r's emphasized. in my opinion, they even need more emphasis because i think like most kids, growing up in san francisco like myself, once you have the strong foundation under three r's you can basically learn other subjects on your own. you don't have to be taught by any special teachers or persons like that. you can

paulson. calf chaff tough ax to follow, i know -- supervisor campos: tough ax to the mission.anted to say thank you to the supervisor. i love the model and a lot of the work that we've done in the western edition has been around looking what they've done in the harlem children's zone and talking about it block by block and how we brining folks in and coming from the same space which is public safety being the motivate moing picture. when we start talking about wanting to branch out but not just by neighborhood but city wide and looking at what's going on with the outand then looking at what's going on with regards to our prison systems and the disparity of who's in there relative to who lives in the city. i think the more we can do around the promise effort, the greatest it is for minorities for black and brown people. everybody reforce us but be -- we know it's based on reading core and what's lapping so the more we can partner with him is to make sure that out of school time is being supported and the more we ve to blileds that and to talk about comprehensive. not just the e

coming up in sports, i'm joined by grant paulson. going to discuss, was the price tag too steep in and is peyton manning still an option here in d.c.? all that and the caps and the wizards and d.c. united coming up in sports. >>> i like that. we're trying to get it right. high risk, high reward. here's what the fans are saying tonight about the team's move to acquire rg3. ken hit the streets to gauge the pulse in the city. >> reporter: there's a new loud noise being heard on washington's bustling streets and it sounds like this. >> rg3. rg3. rg3. >> we need him bad. we need a quarterback. >> no doubt about it. everywhere you look, washington is buzzing with the almost locked in chance of heisman trophy winner, robert griffin iii coming to the redskins. >> we have not had a great quarterback like that as long as i can remember. this guy is disciplined, intelligent, physical, articulate, he's the whole package. >> it's been more than a decade since the redskins had anything to brag about. they hope rg3 will be the break they and the te

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 leaped 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 ever

bush, what hank paulson and the incoming president, the president-elect, barack obama agreed to. but t.a.r.p. is tox wick a lot of republican voter, particularly the tea party voters. >> i wonder if he would be -- back up a month, put it in reverse, i'm not sure you would hear mitt romney saying you know, this is a controversial position but i support t.a.r.p. it is something, i remember when this campaign got started there were candidates john thune thinking about run hoog the big knock on them was well, they voted for t.a.r.p. they can never win in a presidential primary. you know, to the point about this being a minor thing that the romney campaign is trying to paint it as. it's not going to change the fact that mitt romney will almost certainly be the republican presidential nominee but it's also not going to go away, andrea. one of my deputies was calculating the democratic national committee sent 18 separate e-mails yesterday, 18 separate e-mails about etch-a-sketch. i just can't imagine them -- it's not going to be as prominent -- you know, in six mlts as today but they ar

paulson. >gollickson. >> the state of the eviction in san francisco is pretty abysmal right now. we needed it to expand upon what it is right now. we had a court case and the name of it slipped my mind at the moment. about a year-and-a-half ago, it placed a landlord-tenant matters and to the litigation privilege. it is virtually impossible for a tenant to sue a landlord for wrongful eviction unless the tenant has moved and been evicted. that has led to a sharp increase in what we see as bogus and serial eviction notices. the city department was notorious for non-payment, someone that has paid their rent and never missed a rent. tenants are not able to get an attorney to defend themselves. there are n virtuallyo te -- virtually no tenant attorneys right now. they rely on the defense collaborative, sometimes a pro bono lawyer, sometimes they get some help from the housing clinic. the resources out there are totally inadequate and it has reached the point that tenants are not effectively fighting the evictions in a more even when they are the most unjust and unfair ones. a landlord