paulson's office. >> narrator: paulson got right down to business. >> because it's paulson, who's not a man who beats around the bush, it became clear relatively quickly what he was proposing. >> he says, "i've got here documents that say that the u.s. government is going to make an injection of capital into each one of your companies." narrator: paulson was about to hand out billions dollars. >> he turned it over to geithner and he said, "okay, here's how much you're going to get." and he went around the room, and he came to me and said, "$25 b-b-b-billion." and then the rest of them. and i almost fell out of my chair. >> they go through in a very, very rapid way that each of us is going to take this taxpayer money, the tarp money. >> and he basically says, "you can't leave this room until you agree to take this money." >> we're all going to do it for the good of the country, for the good of the system. and it's not really discretionary. >> narrator: it was unprecedented. in return for billions of dollars, the government would take an ownership stake in the banks. but even with the f

i'm ken paulson. my cohost today is john seigenthaler, a highly respected journalist who also served as special assistant to attorney general robert f. kennedy during the civil rights movement. after retiring from newspapers, john went on to found the first amendment center. john and i are delighted to welcome a pulitzer prize-winning author and journalist whose recent book, called the children, focuses on the work of courageous young people in the civil rights movement, and whose earlier book, the best and the brightest, was the definitive study of american policy in vietnam. david halberstam. [applause] i have to ask the first and most basic question. you graduate from harvard in 1956. five. '55. with great distinction. no, i was a terrible student. [laughter] i was in the bottom third of my class. that was the heart of my question. how badly did you do at harvard? [laughs] i think i had-- i mean, i think it's true of a lot of people in journalism. i had in those days what we didn't know was attenti

want to take a look at the comments by john paulson.er in the aftermarket session after paulson said he was positive on this stock has a holing in it. anglo gold is the other stock singled out by mr. paulson at the conference. we will keep you posted out of the conference in lincoln center tonight. we are looking for the next big thing here. the richest man in the world is betting on internet tv. financing a television network called aura tv. joining us is one of the top talents. larry king and ceo john houseman. a pleasure to have you with us. >> thank you. >> i have questions for mr. king, but let's seat set the table in terms of aura tv and how you hope to change. >> there is a lot of talk about internet video and what's happening the last couple of years. more is coming along and there is a place for advertisers to go and they have been. google and hhulu going into the space. the way we see it, we are excited about it. the potential marriage of the two most powerful mediums of the world. television and the interaction and an opportu

i think that secretary of the treasury paulson was a real hero. he made a tough decision, made a right decision. the president followed with a stimulus program that i wish had gone further. the economy had led up to this tragic event as a result of, in my judgment, the failures of a deregulatory congress which so hampered the regulatory mechanism, so distorted our capital markets by the manner in which they did away with glass/stiegel, that kind of event, that kind of near catastrophe was predictable, inevitable, and once again we see the efforts at regulation including dodd frank and almost everything that surrounds it, so harassed and hampered and bitten away by a congress that i believe is shirking their responsibility, that it absolutely could happen again. not precisely the same way, but in other ways. i think that the capstone of all of this was a bipartisan effort to create a bill called a jobs bill which i believe is the most investor unfriendly bill in the history of america. >> a bipartisan bill? >> a bipartisan bill supported by members

david einhorn, john paulson, they're all here with many other top money managers to share the latest big investment ideas and more importantly to support a worthy cause, children's cancer research. pete, steve next to me. guys, obviously, the vibe here, everybody wants to know what the ackmans, einhorns, john paulson are going to unveil because it does moves the stocks they talk about, the asset classes they give the presentations on and fair to say there's going to be and we are near the met, right? the drama today. >> when you watch the recent filings, here they give you the presentation. they lay the story out for you. that's why it's such an important conference and these are all legendary investors. i know a few of them, work with a few of them. they really, really know the stuff and enlightning for anybody sitting there. >> pete, certain stocks have moved ahead of the presentations based on what they might say. >> right. >> we don't know what any of these guys are going to say throughout the afternoon. i'll be here throughout the afternoon to bring you the latest information an

. >> if only it were john paulson. >> jim paulson. >> hank paulsen. >> i thought you were pat paulsonough the crisis, mr. paulson. >> you caught that one right. >> you've given us the bullish case. what's the one thing that you do worry about? >> i think if we -- the one thing i worry about longer term is inflation. i'd like to see the fed -- i think inflation is our biggest risk down the road. if we keep inflation relatively contained over the next few years, we're en route to a long-term recovery. if we get inflation get out of control, we're going to

president yee: brian paulson. john, isabelle. this is one minute, please. >> thank you for giving me the opportunity to speak. i am speaking tonight on behalf of my family and other families who have been negatively impacted by the districts change of plan for a transitional kindergarten. i will be brief. less than a minute. what we would like this for the district to allow waivers for children who are ready for kindergarten, but to do not meet the brand new birth date cut off. we would like transitional kindergarten classrooms on the north side of town. those of us to live on the northwest side of town, it is not possible for us to get all the way across town when we have other children already in school. we worked in other parts of town. the two classrooms that have been offered are not possible for us to get our children to. those are the two things, thank you very much. >> good evening. john templeton. i want to bring to your attention that this is the 150th anniversary of the proclamation. coming up september 22. as you are

>> john paulson showed a stake in sarah lee. they showed a raise stake and know they are splitting up. is he buying and companying it? some other smart guys are. >> you know what? he departed. >> he's quick. >> she is. that's how he turns it around. >> here moves about freely. >> a couple of things real quick. the exportation of l and g is the viable trading thesis and think when you look at europe and what successfully has been done in ireland, don't think the same will happen in spain. they have to recapitalize the banks. >> we will show you how to trade one of the biggest meetings of the minds. if the heavy hitters got ahold of the conference and if you should bet alongside them this year. >> the term synthetic doesn't belong in the same sentence with the word bank. it should have some kind of mechanism that separates the federal safety net from high risk trading. >> first quarter earnings, two cents versus one cent 8 share seeing the heaviest volume since the first day of trading. are you expecting qe 3? >> they are printing

what's your take on that, jim paulson? pawhere do you see the risk adversity and are you still seeing a steady flow of interest into credit? >> there is certainly heightened risk here. fears, if you will, going on. it relates to european news t would have created a much bigger downdraft than a year ago than it is today and because investors are conscious of the facts that the data on the u.s. recovery is much better and much broader than it was a year ago or two years ago. one point i'd make, it's breaking on the scene in january 2010 and every time the news flares up, it's going to be an armageddon outcome it's happened time and time again and if investors would stay and invest since it broke in january 2010, you have 12% analyzed returns almost. >> it's a great point. i want to get back to that. jcpenney has reported earnings. they are losing money. 25 cents loss versus 11 cents. courtney reagan is following the story. court? >>. >> the street expected a loss and jcpenney reported a 25-cent loss for the quarter. revenue

funds will make a reasonable amount but it's not george soros against the bank of england or john paulson versus us sub prime one of the fund a fund manager said referring to some of the most profitable and famed hedge fund trades of the past twenty years right and one of soros just reported last week a massive spike up in his position in gold yet well that's pretty interesting because we said here when he sold it that he would just buy a straight back well he's it's one in and out now he's back into gold because he realizes that the paper money world is collapsing and there's runs on banks around the world people want physical wealth and this was why these banks you know they don't want to be the victim of the scam of having like m.f. global customers remember m.f. global customers have their wealth stolen from jamie diamond personally over a billion dollars he stole it he's not in jail but let's put him in handcuffs with these folks was just getting on and just an more simply beating the the stuffing out of jamie i love it yeah well on the subject of them piling on i think you have to p

. >> it's a very obvious example, paulson. paulson's had more issue than "time" magazine since he raised a lot of money, a bad year last year and probably have a bad year now. long german bonds and he's short gold or long gold and short german bonds which is not a good position so what people start to do is they start to smell blood in the water and they start to look at his holdings, and this guy owns 17% of the gld. i mean, we did get into the actual stocks that he's stuck in where he's filed and he can't get out, but gld, 17% of that. think about the systemic risk about that. again, there's a lot of performance problems you should pay attention to and keep that certainly in the back of your head. >> a big guy like paulson. this guy has been in presumably -- we don't want to say he is or is doing anything but presumably if one is having problems and they are going to get rid of holdings, they are doing it way in advance. >> the problem of 2008. once you got into the soup in 2008, had you a lot of activist hedge funds, very c

did with the hedge fund paulson when he basically bet against long positions in the subprime market he shorted the heck out of them and there's no reason why another hedge fund can't do the same thing with the corporate credit positions of synthetic positions that j.p. morgan has on its like its needle in they can see the thing that would prevent that would be if they have an attachment to j.p. morgan through getting credit from j.p. morgan which you know as you mentioned these banks provide because they have all this cheap money they provided to all their customers and the whole thing morphs into this huge snowball of derivatives that keep going down and down and down but it does break down we broke down in lehman brothers and it broke down of bear stearns where the essentially the hedge funds a banker j.p. morgan i think was one of the biggest beneficiaries of attacking bear stearns yes with short sales they acquire those assets for pennies on the dollar and we see this kind of using financial instruments as weapons yet now they're being so my question is j.p. morgan have used wea

. >> and i am pam cook, let's check in with steve paulson, it is cool out there. >>> they cleared the coast and a similar pattern will happen today but temperatures are held in check and they are warming up a little bit. 60s coast and bay and upper to mid-70s mid-land. >>> traffic looks good as you are going to the tunnel and a nice drive to the to 680 as you head down to the fremont area. speaking of this area, tara moriarty is live at the dumbarton bridge which just reopened hours ago, good morning tara. >> reporter: that's right, originally it was supposed to open at 5:00 but then they upped it to 3:00. the span had been closed over the memorial day weekend inn stalling a new expansion joint and we were the only ones to talk to the chief designer which allows it to move as much as 37 inches in the event of a quake. >> this side moves like this and this side moves like this. this steel plate allows these structural elements to move and still provide support so the traveling public can safely go across it. >> they can go into the new bay bridge and it is built to hand the type of str

detective paulson thinks it's likely his mother tipped him off while they were outside her house.. even though john wilson is on the lam, officers find ample evidence of his criminal activity. a short search yields bags of receipts from various retailers, and lo and behold -- >> what have you got? >> andy andrew's letter. >> you did? sweet. >> an investigator locates what police consider the smoking gun. >> this letter was the original envelope that target mailed linda wilson a payment for the stolen ipod that they purchased on the ebay auction under the alias name of andy andrews. >> it connects linda and john together. this car was seen leaving the parking lot during one of the ipod purchases and returns. in addition, we found the actual purchase receipt and the return for one of the stolen ipods from april 13th. >> west des moines police put out an all-points bulletin for john wilson. while her son remains a fugitive, linda wilson pleaded not guilty and is awaiting trial. target wants boosters to know, they are always watching. >> we have the best investigators in the industry,

. >> let's check in with steve paulson for a look at the weather. >> we have low clouds and higher clouds and the combination is giving us lows in the $50 and we will have some 60s but this does look like the cool day of the week here is sal. >>> traffic looks good coming to the willow pass grade and also it looks good on 237, let's go back to the desk. >> a man is responsible for attacking two men in san jose. tara moriarty is at the scene where the street is now blocked off, tara? >> reporter: well, that's right and if you take a look behind me, this is walnut woods drive apple have been combing a home looking for evidence and we are not too far from history and mcclock. '18-year-old was found beaten. that 18-year-old died at the hospital three hours ago. his identify is not being released until his family is notified. they don't have any suspects in custody but there were a number of witnesses so they are pursuing leads. walnut drive is blocked off at the moment. we will continue to stay with this developing story and we will let you know when it becomes available. >>> they were on the

paulson was the main guy associated with.s basically the financial instrument of the carl rogue machine, which he is this year as well, and he clearly has an incentive, as all these guys do, by the way, to have their taxes cut enormously, which is what the romney plan would do. aside from their own individual pet peeves with regulation, they all would love to have their taxes cut. they don't care about deficits. they want a better tax break for billionaires. >> want more money. >> yeah. that's what they want, that's what they're after, and i think they'll get it. >> fill us in on bob perry. why does he want to fight tort reform? he doesn't like lawyers, but so what? have they been going after him on his building projects. what's the attack on him that he's so worried he needs a guy in the white house to look after him. >> sure. you get sued all the time if you're a builder. they call is the perry court and the perry court vacated a rule against him for $800,000. a jury in the same case awarded $850 million. there's a huge fin

we'll consult with our meteorologist steve paulson in a moment.k at north and northbound 280 that traffic looks good. and now here is steve. >> you had me there, sal. i thought you weres ting -- i thought you were tossing to me. sunday night chilly and breezy conditions. it should be mostly clear as things move out of the area on saturday. overall i think mostly clear way. mount shasta says mixed precipitation. our system is rotating in. it will send in right over us once we get going here late morning to early afternoon turning much, much cooler windy. scattered showers. possible thundershowers today. there will be some sun mixed in. i think you will notice the big change in the pattern. the key is where that low ends up. there is discrepancy one forecast model has it over us. it's very close. it's already starting to increase some. not only the clouds but the rain rates will pick up a little bit later. 40s and 50s. upper 40s and low 50s for everybody. it looks like it wants to favor northeast california in the sierra nevada. and there will be of

. >> walter paulson, and i have been in this city -- i will not say how long. ♪ give her another chanceo be on the board we do beside us to guide us one more chance last chance to be on our board we need an executive board today we need herbicide as to guide us -- her beside us to guide us we need this chance today ♪ supervisor kim: is there any further public comment? seeing none, public comment is closed. i should clarify that -- is there a motion? >> and make a motion to move this item for were without recommendation? supervisor kim: thank you. madam clerk, please call item two. >> motion confirming the mayor's appointment of cristina rubke to the municipal transportation agency board of directors. supervisor kim: we have a variety of nominees for different positions today. the format will be the same. i will ask you to speak briefly about your work experience and the position you are applying for, are nominated for. and if you wish to speak a little bit about the priorities he would like to take on, etc. that will be the format for everyone today. thank you. after you speak, we may

let's check in with steve paulson. quite a change in the weather. >> really nice weekend. lots of sunshine. hopefully everybody got in the activity without any fog increasing because it really did overnight. it's already making a move inland on top of that higher clouds. look for temperatures to slide down. it will take another day for inland areas. 50s, 60s, and 70s for some and a few low 80s. here is sal. >>> good morning. traffic is flowing freely. also the morning commute looks good at the bay bridge toll plaza. now back to the desk. >>> monday's opening bell rings in a couple hours here. this morning all eyes will be on facebook stock after a flat debut on friday. noelle walker joins us from the company headquarters in menlo park. looks a little different there this morning. noelle. >> reporter: yeah. what do you do when you essentially win the lottery? do you go to work the next day? facebook employees will be showing up for work as newly minted millionaires. what's in your future? >> i'm going to disney land. >> reporter: investors are watching what the stock will d

paulson. next speaker, please. >> i am eugene gordon jr.. 1776 constitution, to 2012 exposes the monopoly capitalism and the imperious -- imperialists usa nation and the constant manipulation as required to struggles and protests from the we the people, i need for trust that continue lifetimes to one's death, coming together is that gaming expression stimulation for resolution so brazen to nourish the social culture as if it did not exist. evidencing the class and rank, divide means of exchange for labor and production of basic needs. words that create revolutions, which overthrew the ratifications. not to discuss criminal intent of capital currency and rank divide for the basic needs, the social and cultural, criminal intent, the fine cooperative and community collective, public ownership of means of production, especially by an educated vote. >> thank-you, next speaker? >> good afternoon, supervisors. the united tax care workers. i am here to petition the workers were grievances, i have not

paulson. mr. wong? >> howard wong.sing, but i did stand on the opera house stage, when i replace the wooden stage floor. that was interesting. i am here to support architectural heritage i's and e hpc's recommendations regarding articles 10 and 11. as an architect, i have worked on shopping centers, hotels, commercial and institutional buildings, as well as renovations and historic preservation. for many of these projects or all of these projects, there are many codes that apply universally to all projects -- building codes, zoning codes, ada, fire and life safety, engineering, energy air and leed guidelines, grant funding constraints, and other things. for a very few projects which involve historic resources, which are perhaps 5% or 10% of all architectural projects, there are also guidelines that are widely recognized. there are secretary of the interior standards, local preservation codes. many of these guidelines and codes have also been refined, just as building codes have been refined for decades. historic resour

paulson. mr. wong? >> howard wong.sing, but i did stand on the opera house stage, when i replace the wooden stage floor. that was interesting. i am here to support architectural heritage i's and e hpc's recommendations regarding articles 10 and 11. as an architect, i have worked on shopping centers, hotels, commercial and institutional buildings, as well as renovations and historic preservation. for many of these projects or all of these projects, there are many codes that

paulson. mr. wong?

paulson. >> ♪ love will abide take aging in stride sounds like good advice but there's no one at my side have done everything i can to make it better all the time i think you should get a task force and bring it to make it shine ♪ supervisor farrell: next speaker. good afternoon, supervisors, i'm dougles yepp. this item i think has been placed into the wrong committee. this is supposed to be an audit and oversight committee, and it seems like we're trying to establish a task force. he should be put in the city services committee rather than audit and oversight committee. the reason i mention it is that it might get change later on for whatever reason. i will bring up the fact that someone did notice it has been put in committee. if you are going to establish a task force, i would like to make the suggestion that we have a government corruption taskforce and have it heard by this committee since it has three lawyers in it. also, does this committee really have to consider items like this? if you're going to oversight something, can we try to audit and oversight the department of public he

he's 29 years old and the senior member of the tight end corps, which includes fred davis and logan paulson, captain chaos wants to be more than just a role play. >> even if i'm not the guy, which is what i want to be, which is what i'm going to try to be, a major factor. but that's not enough for me. so, i want to be the guy that catches a will the of passes and gets first downs. that's what everyone should aspire to be and that's what i want to be. >> fba playoffs. closing moments in the first half, lebron james, two of his 30, heat up 7. off the pacer miss. lebron and dwyane wade with a nice give and go and lebron does indeed beat the buzzer. the only thing that went wrong was former wiz sadr had some shoe issues. the shoe comes off and rather than just put it on, he throws it. so he's just going to play with one shoe on and one shoe off. the heat blasts indiana 115-83 to take a 3-2 series lead. i think he should have put the shoe back on. i'm dave feldman. does your phone give you all day battery life ? droid does. and does it launch apps by voice while learning your voice ? launch cab4

paulson. >> good afternoon, supervisors. i would like to speak in favor of this appointment. the appointee mentioned that she would be asking relevant questions and i think that this board really needs someone who will examine it inside and out. she mentioned she was going to be independent. i would suggest that if she was really independent, she should look into lowering some of the administrative salaries at the mta, which in my opinion, our way overpaid. also, since she will be dealing with touchy subjects, she might as well deal with the problems of running the parking lots and the garages and also the taxi industry. also, i hope she is going to have a fair opinion the central subway and with a fair consideration of cancelling this project. since she is being appointed by the mayor, i hope she will be a watchdog and not a lapdog. on the subject of pedestrian safety, i would like to mention that we need to say for bikers because especially at night, i see too many bikers biking without adequate light. thank you. >> thank you. is there any other public comment? seeing none,

kevin paulson, john, sean, kelly , michael, dara peters, carmen morrison, rich bennett, wendy lee, david, fred, laura smith, rebecca, stephen. the group itself will have 10 minutes. use it anyway you want. 10 minutes total. not individual. [laughter] nice try. are you ready? ok. go ahead. >> turn on the microphone. >> i came to this board a month ago and asked for a fair and transparent process for the harvey milk silver rights academy. i told you that the interim principal had said that my drug exposed son was just a c students and there was nothing we could do about it. since then, every single iep request we have provided has disappeared. the interim principal has fired the jobs of four women. the jobs of 31 after-school workers are still in jeopardy. my son has been call date faggot on the schoolyard. this cannot be coincidence. a boy you address the board why so many families -- will you address the board about why so many families are leaving your schools? in five days, a school for 220 students, 65 parents have signed a petition requesting the removal of the interim principal. 100

let's check in billion steve paulson. i was a little chilly this morning. windy. >> really? >> i'm not complaining. i'm warning people. >> temperatures a li

we're talking about grant paulson from 106.7 the fan was there are, giving us a first- hand look at how the teams looked. adam jones' new at-bat song everybody. all about the vengeance. the team is making it great today before the game. and that is the greatest play for the orioles history. six years, second highest amongst the center fielders behind the teams. why not wait for the arbitration and the free agencies? >> there is a bigger goal here, i believe. that's winning games. it's the ultimate reason why i signed on. you know, i believe in what they have dealt with. and what they believe in and they believe in winning. >> okay then. your two-game royal series, that is jones, military appreciation day. fourth inning, that's a military missile. 2-1 baltimore. they chase the orioles starters after 4 and 2/3. that's not a missile. that's a hot one. royals will take the series, 4- 2, baltimore is heading to toronto next. >>> well, you knew there would be a lot of emotion this weekend. she visited the racetrack for the first time since her husband, dan, one of the most successful and popu

steve paulson is up in a few minutes to tell you how long you will have to wait. >>> take a look at thiscan canyon park. thieves stole 1500 feet of copper wire plunging this park in the dark. we'll tell you about the deadlines to get repairs made. never in my lifetime did i think i could walk 60 miles in 3 days. 60 miles in 3 days is-- is huge. if my mom can fight and beat breast cancer, i can walk 60 miles. you just put one foot in front of the other, and you know that you're walking for such a great cause that you just keep going. (man) that you have all these people coming together for one common goal. (woman) the goal is to bring an end to breast cancer. (woman) the fund-raising was the easiest part. people were very giving. complete strangers wanting to help. if i can do this, you definitely can do this. (woman) i'll never stop walking, not till we find a cure. (woman) and it has to end, but it starts with us. i knew someday i was gonna do this walk. it is the most rewarding experience i have ever had in my entire life. we can do this. you can do this. we can all do this together. (

. >> 9 sports caught up with grant paulson this morning at redskins park to get a take on rg3 and how he looked out there. we'll hear what he had to say plus more tonight on sports plus. >>> the capitals find themselves in a familiar predicament before saturday's game 4, the possibility of going down 3-1 in their series with the rangers before heading back on the road. they bounced back in a big way. ovie, backstrom, greene hiding on the board to event the series. -- hitting on the board to event the series. that's happened 13 times and these guys have won every time showing just how resilient this team can be. >> bad luck at some points in the game is going to happen and it's how you respond to it. we weren't going to let that deter us. >> we've had our backs against the wall a bunch. the guys showed a lot of character and now just battling when we need to. >> the caps play game 5 tomorrow night in new york. game 6 will be in d.c. then they'll return to new york for game 7 if needed saturday. there's a look at the schedule. >>> now the nationals bouncing back from their recent five-