paulson, before you come up, let me call some additional speakers. [names are called] please come on up. whoever wants to come forward. mr. paulson, please feel free to line up. >> good afternoon, supervisors. i live on cambridge street in san francisco. i have been there 40 years. i raised my children in that area. i am a senior member of friends of mclaren park, and also help mclaren park. believe me. we have a major facility at mclaren park. mclaren park, as you know, is 400 acres. it is the second-largest part. unfortunately, for many years, you neglected that park. nothing has been done on it. every time there was a budget, they have spent it somewhere else, but not on mclaren park. we have baseball fields. we have soccer fields. we have tennis courts. we have lakes. we have amphitheaters. we have parking around the amphitheaters. we have lights around it. and mcmahon of the lake is filled with sediment. there are dead trees all over the way. you cannot walk on the walkway, because the roots have deteriorated and the asphalt has never been repai

he could not do that so fold asked paulson to ask president bush to call brown but paulson said he was working on other ideas but in a brainstorming session fold suggested getting the president's brother jeb bush, who was a lehman adviser, to get the white house to lean on downing street. to your knowledge, did your boss mr. fold in fact make such a suggestion? >> first of all, he wasn't my boss, i was a sult ant to lehman brothers as i stated. and no, he didn't ask me to do anything and i didn't do anything. >> time for the gentle lady has expired. why don't you direct your questions to mr. fold? this gentleman doesn't have information on that. >> it's very interesting how terse you were with my questioning this moneying -- >> you're not asking him questions about the hearing, you're injecting innuendo it seems and the gentleman has asked your question -- >> it's important for the american people to understand the witnesses before us and what their financial connections actually are. thank you. >> so i will bring it back to the hearing. i'll bring it -- start off with actually testimo

paulson was either in the. buying physical one of these two guys or both have been unloading up one point or the fact that they're getting back on is interesting i think also the fact that this coincides with source of speech means that maybe he's going short credit he's going along gold is going short currencies so you know these guys are these guys could potentially these guys can these guys work on the margin so if source is right if this is true as yours is betting on gold and he's right then we're in for a real storm of sorts of a money system where a storm in quotes what was going to say something storm a big storm. and i don't know they've got to go in time guys so. while we have soros and paulson flat flowing away on a gold villain i mean they're pretty much golden and to be true we cannot leave you out there quickly. ok speaking of bleeping out or it may be i don't know breaking take a look at what ended up on live t.v. if you haven't seen it already today ok this is a member of the neo nazi golden daw

and according to the latest report asked paulson to call prime minister gordon brown, but paulson said he could not do that. so fold asked paulson to call president bush. in a brainstorming session, he then suggested getting the president's brother, jeb bush, who was a lehman adviser, to get the white house to lean on downing street. governor bush, to your knowledge, did your boss, mr. fold, in fact, make such a suggestion? >> first of all, i was a consultant to lehman brothers as i stated. and no, he didn't ask me to do anything and i didn't do anything. >> i would simply say why don't you direct your questions to mr. fold. >> mr. chairman, it's very interesting how -- >> miss -- >> -- terse you were with my questioning this morning. >> well, you're not asking him questions about the hearing here. you're injecting innuendo, it seems. >> it seems important for the american people to understand the witnesses that are before us and what their financial connections actually are. >> mr. agar. >> so i will bring it back to the hearing. i'll start off with actually testimony from the witness

paulson, we have further speakers. >> good afternoon, supervisors. i am not convinced the bond funds will not be used for now. we have read tailed hawks, woodpeckers, and over 40 species of birds who visit our features, including the non native, but much-beloved wild parrots, as they are called. we have also seen skunks, possums, squirrels, and other clear favorites. look at mount davidson. it is like a wound. nap seems to think plants cut -- trump animals. poison has been used all over glen canyon. nap is a misguided plan that diverts our tax dollars to a wasteful agenda. >> ♪ city country roads take me home with a song for those bonds make it safe make it pretty make it better, won't you? you make a blue-green city. make it better in the city night city was ous -- ours and i still can see blue-green city in my dreams wo-wo-won't you president chiu love the parks, do some park to love someone like you the trees and plants oh, how they grew love, won't you do we need a better better from you love you do ♪ thank you, mr. paulson. next speaker? >> hono

. >> and i am pam cook, we will start with steve paulson for the weather, we are talking about mr. drizzle. >>> and some of that fog is closer to the deck but it is also clear on some of the coastal hills and after that gives way, we'll see sunny breezy conditions but 50s and 60s and 0s -- 70s coast and bay, here is sal. >>> traffic is doing well between walnut creek and oakland not a bad drive. traffic is going well a long southbound 101, let's go back to dave and pam. >>> we begin with overnight news, a suspicious early morning fire caused major damage to an apartment complex. lorraine blanco joins us from the fire scene, lorraine? >> reporter: well pam, i just spoke with one of the residents and he told me in spanish it was scary, very scary. you can see crews are on the scene and the fire marshall said the fire appears to be set deliberately. it started with up to five cars a blaze -- ablaze simultaneously. two units were destroyed and a half dozen people are homeless. there was too much smoke and water damage so the whole building had to be evacuated. all 27 people did get out

the paulson call was not about markets. notes from my staff indicate that secretary paulson was calling a number of members about the importance of raising the debt ceiling. the secretary of treasury was not calling me to give me stock market tips. he wasn't talking to me about the stock market. he was talking to me about the need for a debt limit increase. so i want to say clearly and unequivocally to my friends at "the washington post" and anybody who read this story the call from secretary paulson had nothing, had nothing to do with my wife's and my decision over the weekend to shift some of her assets into less risky money market accounts. those decisions had everything to do with what was happening in the marketplace itself which was widely reported even on the pages of "the washington post." and what was happening in the markets was readily available to every investor. we were not shifting my wife's retirement accounts based on some secret inside information. it was -- let me get back to the headlines, if we could. it

rewind back to two thousand and eight member those days when president bush and treasury secretary paulson were routinely addressing the nation about the dire financial crisis bush looks geared to death paulson's and literally trembled as he held that three age no two point six million americans lost their jobs in just that one year the foreclosure crisis was speeding up banks were failing businesses were closing their doors it was an economic doomsday and it was the election year and dick morris and the rest of the top republican strategists knew it. that's why morris wrote in his column after the election the day after the election he wrote this if ever there was an election that was not worth winning it was the contest of two thousand and eight was hard fought on both sides had mccain won it might have spelled the end of the republican party as it is the party is well situated to come back in two thousand and ten and in two thousand and twelve if it learns the lessons of this year this year being two thousand and eight i wondered why the republican party has so many really really wealth

. >> in the gop address, congressman eric paulson demanded the president's healthcare law be repealed. >>> e-mail exchanges that went public say president obama struck a deal while crafting healthcare legislation in 2009. that's according to a report in the new york times. the memos released by house republicans show the white house traded billions of dollars and policy concessions to the industry's washington lobbying group in exchange for millions of dollars worth of advertising. a white house spokesman calls the accusations quote, baseless and politically driven. >>> coming up, a final look at your forecast. gwen. >> we had a very hot day today and tomorrow, a repeat performance with an added feature. one you may not like too much. i'm going to have the details coming up after the break.  >>> pretty hot day today. take a look at our daytime highs. 88 at dulles, and 90. these temperatures, some 5, 6, 8 to 9 degrees above the seasonal average. really, well above where we should be. humidity wasn't so bad today, but that's about to change. currently 70 degrees at gaithersburg. 77

go to steve paulson and see what he knows. >>> the fog is not too bad, a little on the cooler side, the system is eventually going to get the fog machine rolling along, inland still 80s, well inland a couple of near 80s to 90 degrees. >>> good morning it looks good all the way from san rafael and beyond that to southern marin and it looks good on the sunole grade, let's go back to dave and pam. >>> our top story, one of the most closely watched decisions, u.s. supreme court will make a decision on president barack obama's healthcare reform law. claudine wong has a breakdown on what the court will be ruling on today, claudine? >> reporter: yes, we are out here talking about the decision and when you ask people at 5:00 a.m. what they think about the healthcare act they say, wow that is a lot to think about but the decision will affect millions of americans. we want to give you a live look at the supreme court building and this is where they will be. hundreds will fill that courtroom and the decision will not be televised and some people got in line for today's historic ruling. the questio

according to the report, he asked paulson to call prime minister gordon brown but paulson said he could not do that. so paulson was asked to call president bush to call brown. but in a brainstorming session, it was suggested that jeb bush lean on downing street. did he make such a suggestion? >> first of all, he was not my boss. consultant to lehman brothers. i was not asked to do anything. >> you were very terse about my questioning. >> it is important to understand the financial connections. >> coming up, i comparison of the domestic policies of former gov. mitt romney and president obama. then analysis of their approach to foreign policy. later, a look at the present polling in the 2012 election. now discussion about the 2012 presidential candidates and their domestic policies. we will hear about former governor romney and president obama's differing approaches to the economy. this is about 40 minutes. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> thank you very much for joining us this morning. we appreciate you b

. >> on the telephone we have grant paulson the redskins beat reporter. why do you think they want to make the move to richmond? all right, we lost that interview with grant. but this is a huge to supplement for d.c. mayor vincent gray. he was hoping to have them relocate back to the district. we will be following this story throughout the day. we have much more coming up throughout the day. >> we will continue to follow that story throughout the day. we have new information about a perfect accent that happened in fairfax city last night. police identified both people on lee highway near germantown road. investigators say that dejan williams lost control of her vehicle and crashed into a minivan. she died in that crash along with her 8-year-old daughter faith. a contractor in the area said he heard the crash and says he will never forget what he saw. >> it was a terrific scene to even drive past, let alone actually see happen. that is in memory that will never fade. >> williams other daughter a six-year old, and the driver of the minivan are in the hospit

another good guy is john paulson. i just bought doral from john paulson. think he made a great deal on buying the debt. he's a great guy also. we bought doral country club. i'm here now trying to find out how i'm going to spend lots of millions of dollars of making this the best place in the country. it's 800 acres right smack in the middle of miami. >> right across from the federal reserve of miami. >> you're starting with an absolutely fantastic golf course. >> absolutely. >> i figure could you do a -- you know, these guys it was made -- i don't know whether it use to be the blue monster but these guys handle monsters like anything. you need to lengthen anything? >> gill, who is doing the olympic course in brazil, he was just named over all other architects, i hired him just prior to him getting that assignment. we're going to make it the blue monster again. it's still a very hard course but the word monster is a little different. they're hitting the ball 100 yards further than they used to. right after the next cadillac tournament, a great group of peop

hank paulson and ben bernanke understood at least one thing. you put a big amount of money together and you say and dare the shorts to come after you and say, you know what, our money is unlimited. i am conceding this does not solve europe's problems at all. i'm talking about stopping and staunching the financial instability because there's no way for europe and i don't think -- i know we have a lot of problems here in the united states but we're not going to be able to grow our way out of them with this continued hammering of europe over us. >> but one more point. >> steve, i understand what you're saying. we don't have unlimited money. paulson was wrong. what he believed we had was the unlimited ability to create debt. okay? and that is the fundamental cornerstone of why we shouldn't teach europe. we have nothing good for them to learn from us. >> that's definitely wrong. we have a lot to teach them and it's our financial union and ability to stand behind our dollar, which we showed through our government actions that saved this country from

hank paulson could fire it because there was really only one finger on the trigger. today -- >> rose: two and a half were pawlz me, and bernanke and he was the half. >> or government just basically site sade in september 2008, we stand as the left-hander of last resort. we're not going to let this happen, period. the f.d.i.c. guaranteed basically all bank debt. they didn't spend practically awe penny. they didn't have to. once the federal government stood up and said we guarantee this dent the world said, "okay, the debt's guaranteed. we don't have to worry." >> rose: they went to j.p. morgan and said you bail out bear sens and we'll back you up. >> the big thing was in september. and they didn't even have statutory authority to save a.i.g.. they just did it. >> spain said they didn't have statutory authority to put money directly into the banks. technically, it's kind of true. they could have found a way to it. ros i the beginning hank paulson said he did not have the authority to save lehman brothers. >> he says that to this day. >> dismen the markets crashed. if y

let's check in with steve paulson. >> it's going to be hot. it's daly city that's. >> a little fog coming in? >> getting a little tricky over there. yesterday i would say no problem. today a little bit of a west wind so there could be a big difference in temperatures. grab a jacket if you're heading to the olympic club. it will be warm to hot. 60s, 70s and low to mid 90s. >> steve good morning the ramp from 80 westbound to southbound 880 is shut down for some overnight road work so people who are trying to get on to the freeway will have to use 580 to 9 # 0 and that's scheduled until 5:30 this morning, another half hour causing a little bit of a traffic jam but nothing too major yet. the morning commute looks good in san fransisco along 101. it's 5:00. >> we begin with developing news this morning from the east bay. the american red cross is helping provide shelter to the families who lost their homes in an overnight fire. it started at about 1:00 this morning causing major damage to an apartment complex in bay point. ktvu lorraine blanco is t

short betting on correlation trade where everything goes down and make paulson-type money instead of 100% cash safely sitting on the sidelines. >> i'm not safely sitting on anything. what's safer you wouldn't tell me particularly why you wouldn't disagree with me. >> if we have time i'd be happy to. >> you can call that as net short, but i think it's aggressive. the point is the point. you step up and make the call when you see signals to perpetuate the call. i see the signal. i've been making it multiple times. you can disagree fwu want. ben bernanke disagrees, too. if you get policy right, you'll get the dollar right. if you get the dollar right, you'll get everything else right. >> thanks so much. see how it pans out. have you back when you change your position if and when. >> jpmorgan sold off between 65, 70. shares popping 2.5 on the news, down more than 10% since the company announced the multi-billion trading loss. this brings back dividend, buyback, two key words people are focusing on. >> the best idea was do what they did, get rid of the overhead, trade, there was $8 billio

paulson. >> i will give a truncated version of what i said to the board last week. we represent tens of thousands of workers and over 100 unions in town, not just the building and trades workers but teachers and firefighters, janitors, maritime trade. and want to reiterate our labor council -- i want to reiterate our legal counsel, we do not weigh in on projects but we are unanimous in moving this tragic forward. i should note i was elected to this job, i am on my eighth year. if there is one constant i have heard about all the different policies and development project and the different things you have to deal with, one thing has always been on the plate. i believe there has been a thorough vetting of this project. a lot of work has been done. everything is ready to go and i am urging this committee to move it forward as well as the finance and the full board to move this forward. i know there are discussions about the community benefits pieces but i hope you get to a place where you feel comfortable about that. i believe this should go forward right now on behalf

let's check weather and traffic and we check first with steve paulson. >> not

coolee, davis, logan, paulson. he talked to tight end sharp who is a shanahan disciple. here's his advice to paul. >> he basically said, you know, this is one of two steps. he said next step is out the door. they're trying to find you a home. he said coach shanahan believes in you enough to find you a home. >> you need a home in football. finally, st. jude classic in memphis. rory mcelroy needs a cut. he's missed three in a row. this is down. bird yr on 12 from off the green. six poagies on the day -- bogeys on the day. se one shot behind three guys. so good golf. coming up tonight we gotta lot of stuff going on. >> looks good for the seven day? >> another hot, humid day on sunday. highs low- to mid-90s. >> wow! >>> thanks for watching. you can get updates at any time online at wusa.com. we will be right back here at 11:00. what's the matter? uh, trouble with a car insurance claim. ah, claim trouble. [ voice of dennis ] you should just switch to allstate, and get their new claim satisfaction guarantee. hey, he's right, man. [ voice of dennis ] only allstate puts their mo

. >> erache paulson demanded the president's health care law be replaced. >>> e-mail exchanges that went public recently suggest that president obama struck a deal with drug lobby industry lobbyists. memento released by house republicans show the white house traded billions of dollars in policy concessions to the industry's washington lobbying group in exchange for millions of dollars worth of advertising. a white house spokesman calls the accusations, close, baseless and politically driven >>> prince phillip finally out of the hospital tonight just in time to celebrate list 91st birth day queen elizabeth's husband was hospitalized because of a bladder inspection. during that time, he missed many of the diamond june lee's festivity marking the queen's 60 years on the throne. today, he nodded when reporters shouted out questions about whether he was feeling better. >>> at 6:00, new details released about a mega church pastor's arrest. >>> and i just want to know why i got a whole bunch of why, why little kids? they never done no harm to nobody. >> police arrest a man wanted for killing ni

floss' flooding as not only the lines come in from the north and the west but we continue to see paulson storms moving up from the south of north carolina intense thunderstorms in fredericksburg. these will tend to come right up route 1 corridor just like everything else has during the day. and we have the areas to the west. we will get it in the metro washington area from two directions. now we have a new severe thunderstorm warning just handed to us. this is west of the area and parts of washington county, md. clark county, morgan county, also berkeley and allegheny. the entire area on the left-hand side of the screen from southern pennsylvania on the way south the entire line has been classified as a severe thunderstorm complex. >> even if the system's lose their rotation and a tornado warning does not get extended, there are gusty winds embedded with them. that can translate to cause some gusty winds which is one of the primary threats. we will take a closer look it that as a move toward the potomac. that will be repeated in many areas. >> after that the rainfall from last week, prin

don't look down too often you should be able to get right over it well i don't think it's going to paulson health and safety inspection but this old bridge reserving the right place because underneath these very rickety boards is the longest serving my tour electric gas in the country. for over one hundred years the station here is been lighting up the local community first powering the old fair alloa factory and now it's the only electric source for two nearby villages and chief engineer anatoly is the man in charge. looks like a knowledgeable shop until he's worked here for the best part of twenty years and now manages the power station on his. but the equipment spend far longer than him. but going to night time the same system the way. and if he needs to crank up the juice he just turns the wheel. circling damage electricity they need to generate this control the amount of want to. see them all that i did the boss the world the most i could get. some of the commitment this reliable in place there's no reason it couldn't last a month. mind boggling to think of the amount of water that sp

thing to reach the quarter finals tonight they're taking on a slave who had just taken the lead in paulson and pirlo with the strike just before half time there will be for the game caray show where top of their group with three points after beating ireland on another victory would send them through meanwhile the are a shaft to get at least a draw against defending champions spain later tonight all day will be eliminated or spain again looks set to play the irish without a recognised center forward in their one one draw with this lead they started the game with three strikers on the bench and seem happy to kate their four six north for mansion. if you keep moving and you have for three years given a reference to the french you can work but it got to work. here. not being straight there but movement so it's not about what do you see it's about how do you. how do you play them. i mean shit the result is a good moment normally you say that. because it was the right decisions for them are russia defend alexy but is it he says russia have nothing to fear going into their last game against greec

paulson, yes are pretty sure i did not call your card. you have not been called yet. please wait your turn. there are many people that are way before you. please respect the process. i would like to ask of supervisor olague has some remarks. supervisor olague: yeah, i guess my remarks would be towards the cities. more like questions, i guess. supervisor mar: if you give your remarks, we will make sure that they are addressed, but it will probably be at the end. it was said that staff is doing this, so there will be able to respond at the end. supervisor olague: ok, because i wanted to mention that i did recently good feedback from some tenant organizers who attended a meeting at the richard sent complex, this beautiful new complex -- the richardson complex, this beautiful new complex located right off of hayes. 175 formerly homeless residents reside there, and it is beautiful facility. but my understanding is that the unemployment rate among many of those residents is very high. above 50%, if not way above 50% of the residents there that are unemployed. i have heard s

responded with this quote that it was complicated but simple and that word president putin peace paulson that message when he needs with the palestinian president mahmoud abbas in the palestinian city of ramallah clinton also said that the two leaders had discussed syria and iran and he didn't go into more details in saying that the talks were fruitful and he thanked the israelis for the unveiling of a wall morial to the raid army that was unveiled in the israeli city of the time you know the israeli prime minister spoke about egypt he said that israel respects the democratic process that has been undergone and egypt in that context was willing to deal with the new egyptian president mohamed morsi in the context of the nine hundred seventy nine israeli egyptian peace treaty certainly moscow has a role to play in dealing with these issues in this region it is regarded by all the players as a positive contributor what we do understand is that president putin will put pressure on the israeli leadership not to attack iran and certainly this is in the context of his really leadership talking