independent caller with sallie krawcheck, up in new york. >> caller: good morning, sallie, how are you doing? >> good monk. >> caller: i once had an article written about me in the harvard review, it's called the highly motivated black, i've been looking for it since the mid-70s and never able to find it. i do not think the deal made with the banks by the feds to settle the mortgage crisis truly works. some people are doing it, and some people are not. in my research, i have found that bank of america is still up to its same old dirty tricks with mortgages and a lot of other things they're doing. and i was told by a bank of america employee that they actually have people working inside the occ that can hold up any complaints that you make. and i just wanted to tell about you that, and i think people should know that they should take a look at the occ investigative unit to see what's going on. anyway, sally, thank you, and if you know how i can get ahold of the article written in 1972 about me, called the highly motivated black, i would appreciate it. >> thanks for calling. >> thank you

we have about a minute left in the program, sallie krawcheck. give you a chance to respond one last time here. >> lucy, what i think you're referring to during the bailout period there were extraordinary measures taken by the government to, you know, secure the deposits of individuals to secure money fund dollars as well. and during that, the height of the crisis in 2007 -- excuse me, 2008/2009, those action were taken. make no mistake, i don't think we would have wanted to see what it would have been like if they hadn't been taken. and i very much understand the emotional around it, but you didn't want to see the other side of this. we're back to many, many ways a more level playing field where the fdic insures the banking deposits across the industry the same for individuals across the banking industry. and actually with some of the dodd/frank rules, there are actually more stringent rules and more stringent capital requirements for the large guys, who in some case are being held to a higher standard than for the small guys. so there may now b

our guest host is sallie krawcheck. she's a director of the newly launched motif investing. ou have been writing a lot lately. you've weighed in on blogs and op-ed pieces in the f.t., you have a piece in the harvard business review. you make some great points where you lay out that everything we're watching has to come back to responsibility for the boards. we go through these periods where we realize boards of directors have to go more pro active. >> it's the responsibility of management. you do have board oversight. the harvard business review piece started as a memo to poure board. memo to board, your job is unbelievably hard and the complexity of these institutions and the number of businesses they're in, and we're in this phase of fighting complexity with complexity. so you try to take a step back and say, hey, guys, there are some tools you can use if the goal is to reduce risk, what are some of them? one i've talked about is we've gone to paying managers in stock. if you're getting stock, you want it to go up. if you want it to go up, you take risk. if you buy a fixed

host: sallie krawcheck.uest: i think we would agree that the downturn would not have occurred, are would have been less than it was if the banking institutions had taken on less risk. the rest of the discussion is really about how to reduce that risk overall. whether that the reinstatement of glass-steagall or the dodd frank act, which is what that is looking to do. talking about engaging boards. i think we would all agree that the primary issue about how much do the banks have is an important -- was hugely important factor in the downturn. important factor for us going forward. that is why i think this $2 jpmorgan --on loss for they are fully able to absorb it. the market mechanisms work the way they are supposed to work. the stock went down. the government did not have to come in. it provides us with it little bit of a small scale dress rehearsal for how the regulation taken place so far is working. what worried me about it was quite frankly not the size of the loss. what worries me is these institutions a

. >>> wednesday on "washington journal" sally krawcheck, former president of bank of america, recently wrote an article in the harvard "business review" titled "four ways to fix banks." find an article on our website c-span.org. she'll take your phone calls wednesday morning at 9:15 eastern on c-span. >>> sunday, award winning author and historian david pietrusza is our guest on "book tv." his passion for u.s. presidents and the great american pastime, baseball, has resulted in a dozen books including "1920," the year of the six presidents. "1960: lbj vs. jfk vs. nixon." joins live with your calls, e-mails and tweets for david pietrusza, sunday, noon eastern, book tv's "depth" on c-span2. >>> veterans affairs department estimate ps 18 veterans commit suicide every day. at a recent conference on military suicide, head of the mental health services administration and health and human services secretary kathleen sebelius spoke about suicide prevention efforts. >> veterans administration and all the parts of the military working on issues that we care a lot about at samsa. we are very inte

we have frank bruni a fascinating writer sallie krawcheck one of the most senior women ever on wall streetnd compensation structure on wall street to prevent the next crisis and the care of the fcic who gave a speech saying break up the banks. more and more people are saying the banks are too big to manage and succeed, so this is part of a new momentum. >> the sheriff is trying to fix the mess on wall street. watch the shoate at 8:00 and see how they do it. thanks elliot. >> thanks. we'll have a good time. >> when we come back an actual victory for progressives. >> we have witnessed extrordanaire changes >> we're not through just yet, mr. vice president. >> they're swimming against the tides. (vo) brought to you by pradaxa. i have the most common type of atrial fibrillation, or afib. it's not caused by a heart valve problem. i was taking warfarin, but my doctor put me on pradaxa instead to reduce my risk of stroke. in a clinical trial, pradaxa® (dabigatran etexilate mesylate) reduced stroke risk 35% better than warfarin. and unlike warfarin, with pradaxa, there's no need for regular blood

sally krawcheck and richard shelby that will be an interesting program. >>> in other corporate news, general motors is holding its annual meeting. the company's ceo says gm only succeeded in changing its culture 20%, 25% from before the bankruptcy. dan ackerson will tell phil l libeau more about that at 8:30. >>> and berkshire hathaway offering to buy rescap's mortgage unit and a portfolio of loans put up for auction. >>> a few stocks question watch, texas instruments is narrowing its forecast for second quarter earnin earnings. demand for chips held up despite global economic uncertainties. >>> vehicle navigation systemsmaker tomtom striking a deal to license its maps to apple. the company looking to tap into demand for cheap or free navigation software for smartphones and tablets. shares in the dutch firm rising sharply in early morning trading. >> can i talk about that story? >> the apple story or the tomtom? >> i don't know if you saw all the mapping guys got killed yesterday in the stock market because apple is introducing this new mapping software that will compete with google'

later, former merrill lynch and bank of america executive sally krawcheck joins us. "washington journal" each morning at 7:00 eastern on c-span. >> sunday, award-winning author and historian is our guest on book tv's "in depth." his passion for u.s. presidents and the great american pastime, baseball, has resulted in a dozen books, including 1920: the year of the six presidents. 1960, l.b.j. versus j.f.k. versus nixon. and about the fixing of the 1919 world series. join us live with your calls, emails and tweets for david pietrusza sunday at noon eastern on c-span2. now, attorney general eric holder talks to the boys and girls clubs of america about his mentoring programs. his remarks are about 20 minutes. >> good afternoon. wait a minute. we got some work to do. now, you all had a chance to eat lunch, so you got to be through with your morning tiredness and doldrums, and it is time for a great afternoon. so, let's try one more time, a giant good afternoon to get everybody stimulated. one, two, three -- good afternoon. i definitely want the after lunch spot going for

host: sallie krawcheck, former ceo of merrill lynch wealth management and an author of a peace in the ." "harvard business review we appreciate your time today and thank you for your insight. guest: thank you for having me. host: we appreciate your calls this morning as well. it is now time for morning hour the house of representatives. they will continue their look at transportation, housing, and urban development spending. into the rest of your day. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., june 27, 2012. i hereby appoint the honorable richard b. nugent to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hou

also, "washington journal" continues its spotlight on magazines wednesday when sallie krawcheck writingeview and it's linked on c-span.org. talking with her live wednesday morning at 9:15 eastern on our companion network, c-span. senate subcommittee looked into the initial public offers process like the facebook ipo and how it impacted the economy. a lawyer specializing the companies going public testified. the securities and investment subcommittees hosted this hearing. it's about a hour. [inaudible conversations] >> let me call the hearing to order. my ranking member, senator crapo are delayed. we anticipate other colleagues will be approving shortly since the panel is assembled since the time has come, and it's appropriate to hear the hearing. let me welcome everyone to the hearing. it's an important topic examining the process and moving forward with investors. i had the opportunity to read your testimony, and i thank you, all, and it's insightful comments. i appreciate it and look forward to questioning. the number of individuals participating in the market is growing especially fo