. >> is the voting system broken quest attorney robert rubin says yes, any big way. >> it was not in compliance with state law. >> any person no matter where they live in the city can run for specific council seats allowing challengers to pick up on that they think they can be. rubin has the good track record of suing governments to change the voting record saying it puts minority at that disadvantage. the council grabs headlines lately because they say they are 37% asian but for the past few years the vast majority of the council has been white. >> it's important because the something like that district system that's more fair and reflective of the community. >>> at the cultural mix that we find in santa clara. >>> he doesn't know our city, our counsel or residence. >> she is the lone exception because her mother was born in spain. there was afforded to position against the ballot measure that would ask voters to change the current at-large system. >> we didn't want to go to voters for something we don't feel with producing results and cost of several thousand dollars. >> on the cur

the three of us had the pleasure working for robert rubin. i know personally we need -- many of the points have been incredibly well articulated about how important this need is and the multiplier effect from this investment in council and certain civil proceedings which can be best determined by the court. the story of the men amounts of -- the immense amount in the court system -- this will provide tremendous relief by providing legal expertise and counsel to many of our clients who are about to lose their homes. this custody of their children or in domestic violence proceedings. i am happy to support this today. we know the multiplier effect of this investment. everyday a constituent walks into our office, someone who is about to lose their home world has lost a job looking for shelter or a bed. we know how expensive it is to provide all the services thereafter to many of our constituents and how we can support them. we have a motion again and there is a second. we can do this well -- without opposition. i want to thank everyone who has wo

we talked to the secretary of the treasury, i don't recall -- >> robert rubin? he was the secretary of the treasury at the time. >> yeah, we would've spoken to him, i'm sure. and had bob rubin said, "no, the treasury feels this is wrong," we would've been careful. because obviously, the treasury recommends to the president on an issue of this sort. and there was no argument. no one said, "we'll have to think about it." and so a consensus built up. i don't think it started in the fed. i would guess it started in the industry, it certainly got into the congress. >> by eliminating the glass-steagall restrictions we free our financial services industry to maintain its place as the world leader -- >> we dominate the world financial market, and we've done it with one hand tied behind us because we have the greatest economic system in the history of the world. but we can untie that hand that we have had tied behind us. and we do it in this bill by repealing glass-steagall. >> lawmakers inevitably learn as lobbyists tell them things. it's sort of like a doctor being sold

i would like to invite robert rubin from the community for civil rights.tyler millin from the defense collaborative? beverly upton from the san francisco domestic violence consortium. >> as the supervisor said, my

we'll hear remarks from former treasury secretary robert rubin and former fdic chair sheila bare. while lunch is being prepared, we'll go back to earlier today to get opening remarks during this event. >> thank you very much. on behalf of steve clemens and the atlantic, i want to thank all of you for your participation in this extraordinary conference. it's frankly a privilege to be here. in this conference, we have very specifically tried to include voices from across the spectrum. in some respects you might say that is the purpose of this conference. and we have asked then the very straight forward question, what should we do now? through the day we're hoping to hear different ideas and hopefully some provocative proposals. for my part, i would ask a few questions to keep in mind. has the u.s. private sector already started to reliever, taking impetus away from the need for more stimulus? shouldn't we be making more differentiation anyway between fiscal stimulus that is productive and that which is unproductive? have we properly framed the population question? the most important

we now have second in our all-star lineup this afternoon secretary robert rubin, chairman of the council on foreign relations in conversation with gregory gep. he is the correspondent for "the economist." thank you. >> i'm going to resist asking you what that joke was you just shared with chairman voelkel. i said you ask who is the better fly fisherman, paul or me. >> and his answer? >> we each have a different answer. i said me and he said he. >> i think this is an interesting time to have a conversation about the economy. how much has changed in terms of the perception of the landscape in the last two months. if we've been having this conversation at the end of december, early january, the euro is on the verge of breakup. the euro zone is headed into a recession. the severity is the only question. in the united states, they seem ton barely growing, possibly on the verge of another recession. the fiscal picture here is all screwed up. we had enormous question marks about extension of stimulus, tax cuts, sequesters. and, of course, federal reserve wondering whether it had done enough, sh

federal reserve chairman alan greenspan and top economic advisors at the treasury, larry summers and robert rubin. >> the american people either didn't agree or didn't understand what in the world i'm up to in mexico. >> i think it started with the bailout of the banks in 1994 during the mexican peso crisis. >> reporter: for investors it was a sight for sore eyes. mexico's stock market actually soaring instead of plummeting for the first time in weeks. all this, an immediate reaction to news of a major international aid package -- nearly half of it from washington. >> that was allegedly designed to help mexico. it was $20 billion with no approval from congress that was used, i think inappropriately out of a treasury fund. and why were we doing this? it's because the big banks were too exposed to some bad loans that they had written in mexico and elsewhere. >> wall street banks. u.s. banks. >> wall street banks. wall street banks. the banks of the day, citibank, bankers trust, the others that existed at that time. and so the idea got started that washington would be there with a prop, with a bailo

among the panelists and speakers, former treasury secretary robert rubin who said that america needs to deal with the debt and deficit immediately, and he believes progress could be made after the november elections. this is about 90 minutes. [inaudible conversations] >> welcome to the economy stunt at the flick, thanks very much for being here -- at the atlantic. i'm going to resist asking you what that joke was you just shared with chairman volcker. >> i'll tell you what it was. i suggested did you ask us a first question, which is the better fly fishermen, paul or me? [laughter] >> and his answer? >> we each had a different answer. i said me, and he said he. [laughter] >> that somehow doesn't surprise me. look, i think this is an interesting time to be having a conversation about the economy in particular because of how much has changed at least in terms of the perception of the landscape in the last few months. if we'd been having this conversation at the end of december, early january, it would have been darkness all around. the euro's on the verge of breakup, the eurozone is he

decisions he worked very closely on financial policy matters with secretaries of the treasury, robert rubin, and then lawrence summers. is distinguished service at the department of the treasury earned his receipt of the alexander hamilton award, the highest honor the department gives. capitol hill back and next in our less financial crisis when senator paul sarbanes, the head of the senate banking committee, recruited mr. gensler to help craft the financial reform legislation of that period in 2002, called the sarbanes-oxley act. in between this busy time, mr. gensler managed to co-opt or a fine book, targeted to ordinary americans about investing and finance, called the mutual fund trap. it guides ordinary americans in the sometimes complex world of investment, a critique of the mutual fund industry and some of its practices and an endorsement for an approach to investing called indexing. i won't elaborate on the book here, but you can buy the book for yourselves at your favorite bookseller. but we are delighted and honored to have chairman gensler with us today to talk about financial re

robert young and mark rubin son put their pal in the back of a car hit a couple bars and even used hisds they pleaded guilty of abusing a corpse. they g those are your headlines at 5:30. >> i am laughing at the mug shots there in that one. >>> newt gingrich says 2.50 a gas is obtainable. president obama says that's unreal lice tick. you need to u-- unrealistic. >> we have to develop every source of american energy not just oil and gas, but wind power and solar power, nuclear power, bio fuels. we need to invest in the technology that will help us use less oil in our cars and our trucks, in our buildings, in our factories. that's the only solution to the challenge. as we start using less, that lowers the demand, prices come down. pretty state forward. >> what really determines the price of gas? there he is. eric is here if you didn't guess to tell us more about that. >> heather, good morning. the new national average for a price of a gallon of gasoline 3.75 per gallon. let's do this very quickly. i am going to give you what makes up the price of gasoline. $2.55 is the crude oil price. >>

and now remarks from former treasury secretary robert rubin from a recent economic summit hosted by "the atlantic." this is about half an hour. >> you welcome to viacom summit. i'm going to ask my first question, what the joke was that you shared with chairman volcker? >> i suggested that if u.s. the first question which is the better fly fisherman, follow me. >> and his answer? >> each had a different answer. i said me and he said he. [laughter] >> i think this is an interesting time to have that conversation about the economy because of how it is changed as the perception of the landscape and less humans. we have been having this conversation at the end of december and january. there would have been darkness all around. the euro is on a virtual break it. the eurozone was heading into recession and the united states, the economy seems to be barely growing possibly in the verge of another recession. the fiscal picture here is all screwed up. we have enormous question marks about the stimulus, tax cuts, sequesters and the federal reserve wondering whether they have done enough for quan