. >> that's who john felt it was, tom pickard.d john really never knew. he was out to get john for a long time, and john never really knew why. >> narrator: at the time, tom pickard was interim director of the fbi. now retired, pickard would not agree to an interview, but, in a letter to frontline, he wrote: "i did not leak it and there are no facts that even remotely suggest that i did." earlier, in "esquire" magazine, pickard was further quoted on the matter. "the briefcase was a big deal. it was not so much that he lost it; he shouldn't have had those materials with him in the first place. losing the briefcase just added to it. let's just say it was not john o'neill's finest hour." at the end of august 2001, agent o'neill ended his 25-year career with the fbi. he was 49 years old. o'neill needed to make some money. just being john o'neill had gotten very expensive. jimmy kallstrom and others made some calls. there was one job in particular he was really interested in. it paid $350,000 a year, but it also had a special kind of s

." >>> up next, victor pickard, co-editor of "will the last reporter please turn out the lights," and a panel of experts discuss the problems facing the news industry today and what can be done to preserve it. it's about an hour and 20 minutes. >> so good afternoon. my name is tom glazier, and i'd like to welcome you to the new america foundation to what will be a fascinating discussion about the current state of journalism in today's media landscape. i lead our work here on media policy as part of a team housed within new america's open technology initiative. and for just under the past two years we've been considering how the changing media and technological landscape affects citizens' participation in a democracy. backdrop for our work, a report that concluded that individuals need three things to participate in a democratic society. relevant and credible information, the education needed to engage with that information, and opportunity to participate in the public life of their community. how this will happen in the 21st century has brought a vigorous debate and even the engagemen

i would like to invite victor pickard to the podium. should we be as optimistic as your title suggest? [applause] -- cotte club. >> a great question and i a.m. thinking and will be an pessimism within the title. i will rely on the panelist to bring it up. it means a lot to talk to you today at the new america foundation. i have not been here since spring 2009 when i was working here full time as a research fellow. would reflect back, there was something in the air at the time as removed into the new offices. not just the fresh carpet smell but the optimism about the media policy reforms that were possible before us in what was also interesting is that this time there was talk of the future of journalism is a problem for public policy. if you recall in the spring of 2009, journalistic institutions seem to be imploding. we have the seattle post and rocky mountain news going under. jobs and revenue in precipitous decline. but you say great cliche we saw these circles as a crisis as an opportunity to explore structural alternatives for the

it was mr pickard childes pocket bank that catered for his various businesses in the wake of its license being revoked if they practically halted its operations and focus on transferring the assets through credits to show companies that move it on and on and in the end the money probably ended up in the structures affiliated with the owner of the bank. or the bank's database was deliberately raised and investigators say the bankruptcy was intentional it's the largest bankruptcy case of a financial institution in russia's modern history along with a bank the rest of the edge of the business empire seems to have to solve into other of show assets a similar scandal broke over the bank of moscow russia state's largest bank the review revealed a gaping hole in the books with bad loans totaling nine billion. dollars or nearly a third of its assets the former head of the bank is also under. the bankruptcy of michigan bank last year and the recent downfall of the bank of moscow revealed that the country is in desperate need of stronger banking supervision and while those responsible for the dama

so without further introduction out like to invite victor pickard to the podium. victor, you would be as optimistic as utah's just. [applause] >> thanks. that's a great question and i'm afraid my talk will be a little bit in keeping with the pessimism of the title, then we will rely on the panel is to bring it back up. it means a lot to me to go to talk to you today at new america foundation. i haven't been here since the spring of 2009 when i was working a full-time and the research fellow. and when i reflect back on that period, i remember that there was something in the air at the time as we are moving in to these new offices. it wasn't just the fresh smell, but there's a sense of optimism about media policy reforms that were possible before us. and was also interesting was that at this time there was a lot of talk about the future of journalism as a problem for public policy. and if you recall in the spring of 2009, journalistic institutions seem to be imploding. we had major papers like the seattle coast and the rocky mountain news going under. jobs and reven

pickard as a competitor. victor shouldn't it be as optimistic as the title suggests, please. [applause] >> thanks, that is a great question and i'm afraid that might talk will be a little bit in keeping with the pessimism of the title and we will then rely on the panelists to bring it back up. it means a lot to me to be able to talk that the new america foundation. i haven't been here since the spring of 2009 when i was working here full-time as a research fellow and when i reflect back on that period i remember there was something in the air at the time as we were moving into these new offices it wasn't just a fresh carpet smell but there was a sense of optimism about the media policy reforms that were possible before us and what was also interesting is that at this time there's a lot of talk about future of journalism as a problem for public policy. and if you recall in the spring of 2009, journalistic institutions seem to be imploding. we had major papers like the seattle intelligence or the iraqi mountain news going under jobs and revenue were in the precipitous decline.

pickard as a competitor. victor shouldn't it be as optimistic as the title suggests, please.lause] >> thanks, that is a great question and i'm afraid that might talk will be a little bit in keeping with the pessimism of the title and we will then rely on the panelists to bring it back up. it means a lot to me to be able to talk that the new america foundation. i haven't been here since the spring of 2009 when i was working here full-time as a research fellow and when i reflect back on that period i remember there was something in the air at the time as we were moving into these new offices it wasn't just a fresh carpet smell but there was a sense of optimism about the media policy reforms that were possible before us and what was also interesting is that at this time there's a lot of talk about future of journalism as a problem for public policy. and if you recall in the spring of 2009, journalistic institutions seem to be imploding. we had major papers like the seattle intelligence or the iraqi mountain news going under jobs and revenue were in the precipitous decline. but t