buwe think that the more that we can highlight tt in some ways, the pendulum may he swung too far in the direcon of not lending after a dece in which it had gone way o far in the direction of gettingoney outhe door, no matter the risk that if we can get thabalance righ that there are businesses and communities out ere that e ready to grow again. >>oodruff: small banks hope the president'push to overhaul e financial regulatory syste ll help. that's in sharp contrast t larger banks, which rein stronglypposed to reform now moving throu congress. for moren the meeting and the state of community ban we turn to: mattw gambs, he is chief executive ofcer of diamond bancorp in shaumburg, ilnois and attended the whiteouse meeting toy; and karen shaw petrou, managing partnerf the consulting firm federal financial analytics, wch advises the fincial service industry. good to ve both of you with us. we appciate it. matthew gambs, as we sai you were in that meeting today. the presidt went in or what he said to the cameras was that this was all out gettinsmall banks to loan more to businesseshat nee

>> welli think wve seen pendulum sngs.recall whenever the last three yes there what been a hue and cry in terms of removing namesoff the list. huge amount o pressure from congress, for emple, to take and reduce he list on the no-fly and selectee list. so now i think youre seeing the pendulum swing the oth way with peop calli for folks on the tide liss to be incorporated ontheo-fly list. ere is a real cost to that in terms of commercial travel but also in terms of civil libertie and civil rights butwe've got to find aalance and realize the terrorists areinnovating, they are gobal. and the threats ce from all parts of the world. >> ifill: juan-carlos zate, douglas laird and larry johnsonthank you all very much. >> thank you. >> thank you. >> thank youso much >>arner: and still to come on the nehour, the deadly cfrontations between authoriti and demonstrators in iran; america flocking to exico for medical care; and look back at theconomic collapse, oneear later. that follows thether news of theay. hee's hari sreenivasan in ou

the pendulum has swung in the other direction. if not more regulation we need better regulation or we have to enforce the regulation that we have. in terms of creating jobs, i mentioned earlier, my concerns about a gradualist approach toward dealing with the banking sector problem. and i reiterate that. it is not an abstract thought. help me out. you have a bank that if you have bad debts, if you are in individual with bad debts and you have not written down or taken the hit for the loss yet, any new borrowing lending will be curtailed because you're still carrying that albatross. we are carrying that albatross. without a resumption of more normal lending, it is difficult to talk about the revival of sectors like housing, indicators for housing that have been coming out and showing sides of improvement. their rollover and died again with the latest employment because it is not a small segment of the economy and not just residential housing but also commercial, multi unit, a bigger than that. and the industry affected by credit whi

direct influence over our independent regulators, but we think the more we can highlight, perhaps the pendulum has swung too far in the direction of not landing after a decade in which it may have gone way too far the other direction of giving money out with too much risk. if we can get that balance right, there are businesses and communities that are ready to grow again. we have to help make that happen. i also had a discussion with all of these bankers about the prospects for financial regulatory reform. as i said, many of the issues when it comes to large systemic banks, what precipitated the crisis on wall street does not apply to the smaller banks. most of them are very supportive of the idea of financial regulatory reform. i think they just want to make sure that as we regulate better that that does not automatically mean we are going to load them up with more paperwork and burdens. we do have obligations to make sure that the regulatory schemes we come up with are more streamlined and more efficient and are sending clear signals to the banks and bought. i did emphasize to them that comm

guest: with a pendulum in the other direction. and now we are going overly restrictive, people who have had good credit, years with a credit card company and bank suddenly finding they cannot refinance their mortgage. one late payment and suddenly 28% interest rates. we have an over correction. that over timeç will balance itselfñr out. ççbut i think the general feeg is this economyç with a 10% unemployment rate, it is not a good time to have loose lending standards anyway so i think it will be a tight credit environment. host: secretary geithner talk about the extension of the tarp program. guest: $700 billion was passed in september of 2008. they had what they call savings, which is a bit of a misnomer. banks are paying some of the back faster. end of next year they expect 175 billion paid back. host: was all the $700 billion use? guest: no, in fact there would be a surplus for lackç of a better word of 200 billion they are anticipating and now the question is where it should go. çpresident obama and speaker pelosiç sugge

but the pendulum has now swung towards hope and progress. in good measure, thanks to the leadership of tom and his outstanding team and the civil rights division as well as the perseverance of the career employees who carried on the work during good times and during god. so it is a real special honor for the american constitution society, for me to be joined this afternoon i assistant attorney general for civil rights, tom perez. please welcome tom. [applause] >> thank you so much. thank you. carolyn, thank you for that very generous introduction and thank you were the opportunity to speak here today at acs. i do the local elected official in me wants to tell you when it snows tonight i'm not sure i can help you with your snowplowing but i will do my best to direct your call to the attention of the department of public works in montgomery county. but not smiling anymore. i can tell you are remarkably fortunate you are at acs to have carolyn at the helm, lisa brown, carolyn frederick -- fredrickson. it has done so much in different areas and

the independent regulators, but we think that the more that we can highlight and in some ways the pendulumrection of not lending, after a decade in which it had gone way too far in the direction of getting money out the door no matter the risk. if we can get that balance right, but for businesses and communities out there -- we just need to help make that happen. i also had a discussion with all of these bankers about the prospects for financial with the tort reform. as i said, many of the issues -- financial regulatory reform. but the peace issues, -- as i said, many of these issues -- most of them are very supportive of the idea of regulatory reform a trip which is one major that as we -- the idea of regulatory reform. we just want to make sure that as we make them better, we do not love them up with more paperwork and more burdens. we have an obligation to make sure that the regulatory schemes we come up with are more streamlined and efficient, and are sending clear signals to the banks involved. i did emphasize to them that community banks do have a responsibility to their customers, a