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Jul 26, 2012
07/12
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CURRENT
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sandy is a big boy.ll carry his message for a while, and it will resonate in this down. >> eliot: where are the counterattacks coming from. >> they're attacking his motives, he's doing it for other sets of purposes. and he's an ego maniac, and he likes to see his face in lights. there are lafayette reasons to criticize sandy wyle, but step back and listen to what he has to say. he was one of the key architects architects, there is only one industry in this country that threatens the financial system and the economy in the entire country. it's 20, 25 banks. he was the one who put it together. he's now saying hey look at what happened. look at the wreckage in this country. it should not be threatening taxpayers and people ought to listen to him carefully. >> eliot: what is the motive they're attributing to him for him to turn his back on friends social context and say you're all wrong. >> that's a good point. one of the problems with these guys breaking out of the pack, they all go to the same clubs limos,
sandy is a big boy.ll carry his message for a while, and it will resonate in this down. >> eliot: where are the counterattacks coming from. >> they're attacking his motives, he's doing it for other sets of purposes. and he's an ego maniac, and he likes to see his face in lights. there are lafayette reasons to criticize sandy wyle, but step back and listen to what he has to say. he was one of the key architects architects, there is only one industry in this country that threatens the...
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Jul 25, 2012
07/12
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sandy weill is downsizing. plane and penthouse, selling that for $88 million last year and now he is selling the yacht for $59 million but so far there are no takers. weill told me i think simpler is better. spending more time in their home in california. focuses more on fill lant pi rather than spending. sit part of the new larger life view that bigger is not always better. >> very interesting stuff there. i guess with time and experience that your mentality changes. that certainly was not the case when he was in big business. >> he said look, i'm getting older. the kids are getting older. your life view changes and now he wants a simple life. >> thank you so much. let's get more of tomorrow's actions tonight. 30 seconds on the clock. our guests will tell us what they think will move the markets tomorrow. >> stephanie, we pick it up with you. what do you want to watch tomorrow? >> three companies that are reporting earnings. ipaper is the larger paper manufacturer. the guy tans is going be conservative. i woul
sandy weill is downsizing. plane and penthouse, selling that for $88 million last year and now he is selling the yacht for $59 million but so far there are no takers. weill told me i think simpler is better. spending more time in their home in california. focuses more on fill lant pi rather than spending. sit part of the new larger life view that bigger is not always better. >> very interesting stuff there. i guess with time and experience that your mentality changes. that certainly was...
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Jul 26, 2012
07/12
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i totally agree with sandy.n fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i think it will evolve. you could see it happen that way. congress and the regulators could pressure that type of reaction. in other words as the volcker rules, as more and more rules pile on it could for the ceos to take this action whether they wanted to or not. >> cam, steve liesman here, isn't dodd-frank for all the complaints about it designed to do just that, it makes it more expensive to be a big bank, it piles on more regulations, so i know you're a huge free market supporter but my question to you is sort of along the same lines, ho
i totally agree with sandy.n fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i think...
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Jul 25, 2012
07/12
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sandy weill. being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me first start by saying that i think the two decade bfs the problem, the big banks really led the growth of the world and creating capital markets and all these countries, converting communist economies they' they've, as defined in different part of the world. so the banking system is really very, very important. i think the problem that was created was created by too much way too much leverage. very little transparency with lots of off balance sheet things that downreally count. but even of a the problem, there's no other country in the wo
sandy weill. being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me first start...
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Jul 25, 2012
07/12
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not sandy weill's.s one thing to hear people like me or barney frank or the president say these things but an insider as the architect of the measures looks back and recognizes just how dysfunctional they have been for the markets and the reputation of the market sector, we all ought to be listening. >> jared, you agree with sandy weill? >> i deeply agree with him. maybe more accurate to say he finally disagrees with me. >> does this render the beast that dodd-frank and the voel kerr rule intended to tame worthless? are those laws needed if we do what's suggested? >> perhaps the volcker rule could be preempted by the kind of suggestion and sandy speaking with clarity about this i found it pretty convincing. just look at the jpmorgan london whale story. was ate proprietary trade or not? >> i think it was. if you hive them off that way, it obviates the questions. >> what's amazing is banker's remorse in the last few years. right? you mentioned phil purcell. i mean, does it matter they're coming out saying
not sandy weill's.s one thing to hear people like me or barney frank or the president say these things but an insider as the architect of the measures looks back and recognizes just how dysfunctional they have been for the markets and the reputation of the market sector, we all ought to be listening. >> jared, you agree with sandy weill? >> i deeply agree with him. maybe more accurate to say he finally disagrees with me. >> does this render the beast that dodd-frank and the...
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Jul 25, 2012
07/12
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sandy weill was right today.e other thing, big surprise, tim geithner going on the hill protecting the status quo of the too big to fail banks yet again. >> sheila behr, richard fisher, dallas fed head, tom hoenig, kansas city fed head at the fdic are all saying the same thing, that banks should be broken up. how do you see it? >> well, we have to start with the proposition which mr. weill was advocating to reinstate glass-steagal will recollect. the debate has gotten off track. when you talk today about reinstating glass ste e agall ar the volker rule it is prohibiting bank affiliates from underwriting, being market makers and engaging in hedging activities. all three of these activities have been termed by chairman volker himself to be beneficial to our economy and society. >> not in the commercial bank aspect. he said he doesn't care where they do it. he's not opposed to market making, dderivatives, synthetic. just don't do it in the banks because the taxpayers are behind them. that's my understanding of the p
sandy weill was right today.e other thing, big surprise, tim geithner going on the hill protecting the status quo of the too big to fail banks yet again. >> sheila behr, richard fisher, dallas fed head, tom hoenig, kansas city fed head at the fdic are all saying the same thing, that banks should be broken up. how do you see it? >> well, we have to start with the proposition which mr. weill was advocating to reinstate glass-steagal will recollect. the debate has gotten off track....
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Jul 25, 2012
07/12
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that's what sandy was talking about. his description of what to happen to the big banks is essentially the regional banks so i think you play diversified pool, companies like bb&t. >> tyler vernon, thank you very much. >>> let's go to seema mody. >> watching shares of radiody shack slammed. they're reporting a second quarter loss. increased demand for handsets squeezed the margins and also suspended its dividend. the company also has plans to refinance and pay down its debt. not a pretty story. the stock down better than 32%. sue, back over to you. >> thank you very much. straight ahead, another big story on the hill today. treasury secretary tim geithner facing the fire over libor. what did he know and when did he know it? >> big moves in oil and gasoline today. but before the break, five big wednesday movers. it is an up day in the dow. ge is up half a percent. and we are basically down just a fraction in microsoft and americanexpress and cat both in the green. back in a moment. [ male announcer ] drive a car filled wi
that's what sandy was talking about. his description of what to happen to the big banks is essentially the regional banks so i think you play diversified pool, companies like bb&t. >> tyler vernon, thank you very much. >>> let's go to seema mody. >> watching shares of radiody shack slammed. they're reporting a second quarter loss. increased demand for handsets squeezed the margins and also suspended its dividend. the company also has plans to refinance and pay down its...
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Jul 27, 2012
07/12
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CURRENT
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and now at long last sandy finally got it right.ll to blame for one of the most damaging policy shifts in our entire economic history. here are a couple of crucial lessons we should all agree on the so-called synergies that others claimed would result often ended up being little more than the triumph of fraud over allegiance to truth-telling and fiduciary duty. it was and is no more than license to steal and cover for corruption. but what to make of the few who remain steadfast in their dedication to the now almost universally acknowledged broken administration of big banks like mitt romney who's only goal is to repeal dodd-frank and then let the chips fall where they may. when it comes to financial services mitt romney is about where he is on most other matters wandering aimlessly with the ability to do little more than repeat the broken mantras of the recent past. instead his is a spineless voice for the tired failed answers that are now even rejected by his former friends. isn't mitt feeling just a little bit lonely throw it? tha
and now at long last sandy finally got it right.ll to blame for one of the most damaging policy shifts in our entire economic history. here are a couple of crucial lessons we should all agree on the so-called synergies that others claimed would result often ended up being little more than the triumph of fraud over allegiance to truth-telling and fiduciary duty. it was and is no more than license to steal and cover for corruption. but what to make of the few who remain steadfast in their...
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Jul 25, 2012
07/12
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do you agree with sandy weill's call to break up the banks?omorrow, barney frank will be with me weighing in on the potentially hot news of breaking up the big banks. we have paul ryan on deck today, is a short break and then more market coverage. up 56 points right now with 30 minutes until the closing bell sounds. >> new regulations mean nothing and regulators are not enforcing existing rules on the book. we need regulators doing their job. >> that's the chairman of the house agricultural committee for not cating the -- pergrime scandal. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children sho
do you agree with sandy weill's call to break up the banks?omorrow, barney frank will be with me weighing in on the potentially hot news of breaking up the big banks. we have paul ryan on deck today, is a short break and then more market coverage. up 56 points right now with 30 minutes until the closing bell sounds. >> new regulations mean nothing and regulators are not enforcing existing rules on the book. we need regulators doing their job. >> that's the chairman of the house...
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Jul 31, 2012
07/12
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COM
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firstum, business leader sandy weill, the former c.e.o. of citigroup went on tv yesterday and said this. >> i think what we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans, and have bank do something that's not going to risk the taxpayer dollars, that's not going to be too big to fail. >> jon: i'm sorry, you know what? that guy didn't sound like an ass at all. he's saying we should return to the glass-stegall act, which separated commercial banking until 1999, which set in motion the entire financial debacle in the days that followed. how did it goat repealed. perhaps the memoir of one sandy weill can give us a clue. >> we had been lobbying congress for months to overturn the depression-era glass-stegall act. ( laughter ) ( applause ) >> jon: oh, right. it was you! it would be one thing if sandy weill was saying, hey, we never should have repealed that law. but that's not what he's saying. >> i think the world changes and the world t
firstum, business leader sandy weill, the former c.e.o. of citigroup went on tv yesterday and said this. >> i think what we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans, and have bank do something that's not going to risk the taxpayer dollars, that's not going to be too big to fail. >> jon: i'm sorry, you know what? that guy didn't sound like an ass at all. he's saying we...
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Jul 25, 2012
07/12
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but as you said, sandy weill is in many cases the father of the financial supermarket. when he joins the conversation, sit a game-changer? >> well, i hope so. i think there's a lot of momentum-building and recognition. this just makes sense from pretty much everybody's perspective. so i do -- like i said, i think it's a little late. i wish he'd had these views back in the late '90s. but obviously i agree with him. and i think it will make people pay more attention that this really is a realistic option and it is the best way to go, again, from the market's perspective as well as from the government's perspective. >> what about that the shareholder's perspective? what would a shareholder get out of a break-up of the big banks? you made the comment before that, i believe it was in an article you wrote, shareholders have a an interest in demanding that big banks break apart, you said in the past. >> i do. the mega banks, their share prices trade at very steep discounts to their tangible book value. they didn't really deliver good shareholder value even prior to the crisis.
but as you said, sandy weill is in many cases the father of the financial supermarket. when he joins the conversation, sit a game-changer? >> well, i hope so. i think there's a lot of momentum-building and recognition. this just makes sense from pretty much everybody's perspective. so i do -- like i said, i think it's a little late. i wish he'd had these views back in the late '90s. but obviously i agree with him. and i think it will make people pay more attention that this really is a...
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so boy did sandy weill raise more than eyebrows yesterday when the former chairman and c.e.o. as citi group said anough with these too big to fail banks take a listen i'm suggesting that they be broken up so that the taxpayer will never be the risk. they deposit it won't be at risk the leverage of the banks will be something reasonable and the investment banks can do trading and not subject to book or rule that they're not subject to not being there when they can make some mistakes. now the ironies should not be lost as sandy weill was at the helm of citigroup when it was becoming the behemoths it is today he was instrumental and pioneering the one stop shopping bank model even violating remaining provisions of glass steagall at the time in the process here is inside jobs filmmaker and predator nation author charles ferguson talking to us about it take a listen. citi group wanted to acquire travelers fact it did acquire travelers before the glass steagall act was repealed and so it was at the time an illegal combination of a commercial bank and an investment bank is travelers
so boy did sandy weill raise more than eyebrows yesterday when the former chairman and c.e.o. as citi group said anough with these too big to fail banks take a listen i'm suggesting that they be broken up so that the taxpayer will never be the risk. they deposit it won't be at risk the leverage of the banks will be something reasonable and the investment banks can do trading and not subject to book or rule that they're not subject to not being there when they can make some mistakes. now the...
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bottom up it's a good thing then let me recall them all back into one super megalomaniac good bye sandy weill the biggest financial tower the best one of our. i mean this guy american express you know totally connected to the guys down at the docks you got shares of lehman otten involved in a wholesale flew through the sub a lot of fun sandy weill got to be considered one of the top crony guys in that nineteenth ernie's horrid period of. dr seuss' anyone else's there is a. well you mention financial terrorism so let's talk about some financial terrorism and bring it back to the first half of the show which is that you know where is the crime and punishment and tony blair says we shouldn't be hanging bankers headline reads investment banker fifty eight arrested after smashing windows with a slingshot and marbles because he got a thrill from it a hot shot investment banker fifty eight has been arrested accused of wreaking havoc in los angeles michael. has allegedly been driving around shattering windows since the beginning of the year using a slingshot to fire marbles and not have buildin
bottom up it's a good thing then let me recall them all back into one super megalomaniac good bye sandy weill the biggest financial tower the best one of our. i mean this guy american express you know totally connected to the guys down at the docks you got shares of lehman otten involved in a wholesale flew through the sub a lot of fun sandy weill got to be considered one of the top crony guys in that nineteenth ernie's horrid period of. dr seuss' anyone else's there is a. well you mention...
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step in and put them all back together again and reassemble a global too big to fail bank again for sandy weill because he sees that there's no punishment for guys like jamie diamond and lloyd blankfein he's thinking you know what i made five billion or ten billion these guys are making thirty forty billion there's no law against doing what they're doing i'm gay i think game too soon let me back into the game i could make another fifty billion dollars split up all the banks first just bottom up it's a good thing then let me recall them all back into one super megalomaniac good advice any while the biggest financial tower the best one of our. i mean this guy american express you know totally connected to the guys down at the docks you got shares of lehman hotton involved in a wholesale theory on the subway line or front sandy weill got to be considered one of the top crony guys in that nineteenth ernie's horrid period of. dr seuss or anyone else's there is a. well you mention financial terrorism so let's talk about some financial terrorism and bring it back to the first half of the show wh
step in and put them all back together again and reassemble a global too big to fail bank again for sandy weill because he sees that there's no punishment for guys like jamie diamond and lloyd blankfein he's thinking you know what i made five billion or ten billion these guys are making thirty forty billion there's no law against doing what they're doing i'm gay i think game too soon let me back into the game i could make another fifty billion dollars split up all the banks first just bottom up...
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Jul 26, 2012
07/12
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MSNBCW
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that's funny. >> sandy isn't a bad man. only attract attention but attract attention to the issue. >> tough financial times. that's rich. >> we'll get to that. with sandy's background he's a reformer now. >> do you think his relationship with jamie dimon had anything do with him announcing yesterday on cnbc that they should break up the big banks? he's the architect. >> just a little bit. >> just a little, yeah. >> wow. >> all right. let's just go there. we have him talking about this. sandy weill. >> what we should probably do is go and split up investment banking from banking, have banks be deposit takers. have banks make commercial loans and real estate loans. have banks do something that's not going to risk the taxpayer dollars. >> whatever, sandy. >> wait, wait. >> you have a track record. we're not letting you finish that. >> "mistakes were made." i want to hear that part. >> did he say mistakes were made? throughout my career. >> it's so good. >> if you want to understand wall street -- >> joe, you seem incredulous.
that's funny. >> sandy isn't a bad man. only attract attention but attract attention to the issue. >> tough financial times. that's rich. >> we'll get to that. with sandy's background he's a reformer now. >> do you think his relationship with jamie dimon had anything do with him announcing yesterday on cnbc that they should break up the big banks? he's the architect. >> just a little bit. >> just a little, yeah. >> wow. >> all right. let's just go...
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Jul 15, 2012
07/12
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WUSA
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, bob zoellick. >> she didn't work for sandy berger, did she?was part of sandy berger's generation. >> i don't think she's that old. >> i'm not an authority on herbicide okay grief. she worked at the hoover institution. the woman is a brilliant woman. >> when we were with nixon in '68, there was a point where he was way down. he was tied with humphrey, and you take the safe pick. >> is it safe to say that everybody on this panel is poo- pooing, except me, a possible candidacy? >> yes. >> as a running mate? >> not as a rung mate. she's phot got many great qualifications but not for this ticket. >> not for this particular. >> poo-pooing. >> okay who will be romney's vice presidential running mate? >> i would say pawlenty or portman. it's going to be about even and it will help him in ohio, and if pawlenty can deliver min so tea's a pretty good pick. >> i agree with that, and we're going to know in a couple of weeks because they are going to announce before it the convention. >> come on, give me your pick. >> pawlenty or portman. >> jindal. i think
, bob zoellick. >> she didn't work for sandy berger, did she?was part of sandy berger's generation. >> i don't think she's that old. >> i'm not an authority on herbicide okay grief. she worked at the hoover institution. the woman is a brilliant woman. >> when we were with nixon in '68, there was a point where he was way down. he was tied with humphrey, and you take the safe pick. >> is it safe to say that everybody on this panel is poo- pooing, except me, a...
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Jul 5, 2012
07/12
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WTTG
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it happened on olney sandy spring road yesterday afternoon. witnesses say an angry customer went to -- went to the car and came back with the gun. he then pointed it at his own head and the heads of several restaurant employees. they opened fire when the man didn't comply with the orders. >>> other big story, of course, six days and counting since friday's violent storms and a number of power outages have been greatly reduced, but there are still tens of thousands of customers without service in the area. then, he's a look at the numbers, the power outages as of this hour. pepco is showing more than 21,000 customers in the dark. dominion virginia has 14,000 out in northern virginia, and bg and e has about 14,00800 customers in ann a rundle, prince georges and as pepco works to restore the power and
it happened on olney sandy spring road yesterday afternoon. witnesses say an angry customer went to -- went to the car and came back with the gun. he then pointed it at his own head and the heads of several restaurant employees. they opened fire when the man didn't comply with the orders. >>> other big story, of course, six days and counting since friday's violent storms and a number of power outages have been greatly reduced, but there are still tens of thousands of customers without...
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Jul 3, 2012
07/12
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and that is the reason why felt chose sandy smith for actually the most important leaks."time" magazine never got the credit that the "washington post" had posted, it published weekly. sometimes stories were late. actually if you read the coverage, you'll soon realize that the most earth-shaking leaks actually came out in "time" magazine first. now felt acted because he had a different timetable. he wanted to convince nixon by the time of the election that pat gray wasn't up to the job, and that after the election nixon would appoint an insider, someone who knew how to control the bureau. he was far from principled. he was contemptuous of the media. and even woodward and his books admits that felt expressed disdain for the press' inexactude and short attention span. and i would add to the degree to which it could be manipulated. now i thought i was very clever when i figured out why mark felt was leaking. but eventually i realized as i reviewed the press coverage that i wasn't even as clever as i thought because this is a story from "the new york times" in august, 1973. s
and that is the reason why felt chose sandy smith for actually the most important leaks."time" magazine never got the credit that the "washington post" had posted, it published weekly. sometimes stories were late. actually if you read the coverage, you'll soon realize that the most earth-shaking leaks actually came out in "time" magazine first. now felt acted because he had a different timetable. he wanted to convince nixon by the time of the election that pat gray...
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Jul 6, 2012
07/12
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i appreciate sandy's comments about lincoln. so i thought when i wrote this last book of mine which is not on sale today unfortunately, about what makes for great and bad presidents. and we do tend to focus on the great ones, but i want to restore some attention to the loser president, the bad ones. and the federal society helpfully did a poll of 300 scholars, they do it every few years asking us to rank presidents and the one that's unchanged over the years, there's not a lot of fluctuation in political party. there seems to be a lot of agreement as to who were good presidents and the ones that were bad ones. if you look at the bottom, they do have a high level of very accomplished people. so the worst president by unanimous acclimation was buchanan. if i mention this in college audiences, some of the students start thinking buchanan, buchanan, they think pat buchanan might have the one i was talking about. but the president right before lincoln. he had done everything you're supposed to do as president. he thought another pers
i appreciate sandy's comments about lincoln. so i thought when i wrote this last book of mine which is not on sale today unfortunately, about what makes for great and bad presidents. and we do tend to focus on the great ones, but i want to restore some attention to the loser president, the bad ones. and the federal society helpfully did a poll of 300 scholars, they do it every few years asking us to rank presidents and the one that's unchanged over the years, there's not a lot of fluctuation in...
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Jul 9, 2012
07/12
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the weight of great britain on his shoulders will sandy murray and the wimbledon crowdrought. >>> the wimbledon men's final amount our it turned out history made sandy marynook no pressure his entire country great britain screaming for him. against the greatest player ever roger fetter. no man from great britain has won the championship in 76 years. british royalty on hand. tickets go for over $18,000 he would have to beat the sixth time champ. that is a hair cut. in seconds that action, fettered punches back and wins the second and third sets. he served for the championship, there's the collapse and the motion he ties pete sampras with this seventh wimbledon crown. and tears of another kind from murray. >>> everybody talks about the pressure of playing at wimbledon how tough it is, it is not the people watching the make it easier to play the support incredible, thank you. >>> fetter and pete sampras share the mark with seven wimbledon crowns. he now has 17 grand slams and increases his record with this victory he regains the no. 1 ranking in the world. to baseball giants business wha
the weight of great britain on his shoulders will sandy murray and the wimbledon crowdrought. >>> the wimbledon men's final amount our it turned out history made sandy marynook no pressure his entire country great britain screaming for him. against the greatest player ever roger fetter. no man from great britain has won the championship in 76 years. british royalty on hand. tickets go for over $18,000 he would have to beat the sixth time champ. that is a hair cut. in seconds that...
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it's too big too and too big to fail kleptocracy and it goes back in the news i don't you saw it on sandy weill who was pre crisis of two thousand and eight running citibank who turned citibank about travelers insurance he lobbied bill clinton to get rid of glass steagall the single greatest act of kleptocracy of the of that decade these back he's saying we should restore glass steagall. why because he wants to break up all these banks and then step in and put them all back together again and reassemble a global too big to fail bank again for sandy weill because he sees that there's no punishment for guys like jamie diamond and lloyd blankfein he's thinking you know what i made five billion or ten billion these guys are making thirty forty billion there's no law against doing what they're doing i'm gay i think game too soon let me back into the game i can make another fifty billion dollars split up all the banks first just bottom up it's a good thing then let me recall them all back into one super megalomaniac. i said he was the biggest financial tower the best one of our. i mean this guy
it's too big too and too big to fail kleptocracy and it goes back in the news i don't you saw it on sandy weill who was pre crisis of two thousand and eight running citibank who turned citibank about travelers insurance he lobbied bill clinton to get rid of glass steagall the single greatest act of kleptocracy of the of that decade these back he's saying we should restore glass steagall. why because he wants to break up all these banks and then step in and put them all back together again and...
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Jul 27, 2012
07/12
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>> i agree with sandy on that.ith, if dodd-frank was in effect, the crisis still would have occurred, and it won't keep the next crisis from happening. there are so many things in there that have nothing to do with the crisis, and in fact, you know, the really crazy thing about dodd-frank is, let's face it, this crisis was caused by about a half a dozen investment banks and about two dozen s&ls. there's only one commercial bank that was involved in perpetrating this crisis, and yet 8,000 commercial banks are being reregulated for doing nothing wrong, and what we need to do is clean up the investment banking side of things and get the excessive proprietary trading and investments out of investment banks. there are no investment banks left. there's just boutiques and morgan stanley and goldman are basically banks today. so again we have three categories, hedge funds, which are unregulated, never be 30 times leverage because no one will lend to them at that level so that's mostly equity, which is good. you have boutiq
>> i agree with sandy on that.ith, if dodd-frank was in effect, the crisis still would have occurred, and it won't keep the next crisis from happening. there are so many things in there that have nothing to do with the crisis, and in fact, you know, the really crazy thing about dodd-frank is, let's face it, this crisis was caused by about a half a dozen investment banks and about two dozen s&ls. there's only one commercial bank that was involved in perpetrating this crisis, and yet...
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Jul 21, 2012
07/12
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WBAL
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sandy point, where 50 crosses the they, they are having a traffic problem. there is an incident on 50 in addition to traffic volume. take that as a warning. we will talk more about the water coming up in just a minute. >> thank you. >> now, tore big story. details from the horrific massacres in aurora, colorado continue to unfold. 12 people were killed. more than 50 were injured at the premiere of the new "batman" movie "the dark knight rises." >> what provoked the attack and the investigation is just beginning. we are joined live with the latest. >> good morning. bomb squads are expected to return to the apartment of the suspect to look into detonating or dismantling the explosive devices inside. they need to be careful because they want to preserve as much evidence as they possibly can. the community is stunned by the events that happened inside of the sold-out theater. mourners kennard -- gathered at vigils, trying to make sense of one of the worst shootings in u.s. history. police said 24-year-old james holmes kicked open the theater door, cost in smoke
sandy point, where 50 crosses the they, they are having a traffic problem. there is an incident on 50 in addition to traffic volume. take that as a warning. we will talk more about the water coming up in just a minute. >> thank you. >> now, tore big story. details from the horrific massacres in aurora, colorado continue to unfold. 12 people were killed. more than 50 were injured at the premiere of the new "batman" movie "the dark knight rises." >> what...
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funny that you could start moving on when we had jim rickards last week we talked about sandy weill's comments about breaking up the too big to fail banks and a viewer responded and said i don't understand why separating commercial banking and investment banking would solve much i mean why is there a crucial difference between the same company giving out loans and securitizing them versus one company giving out loans and another one securitizing and selling them when the exact same incentives exist in both cases the incentive to get out risky loans to make a profit and the incentive to sell bad debt would exist in both cases as far as i can see you know it's an interesting point i really do think this is a key issue though the separation of investment banking and commercial banking because the issue is not that similar incentives exist in both places the issue is the lack of a fire wall between commercial and investment banking which means that average depositors and savers can't put their money in a bank without the risk of having a loss due to some risky trade or gaudy investment an
funny that you could start moving on when we had jim rickards last week we talked about sandy weill's comments about breaking up the too big to fail banks and a viewer responded and said i don't understand why separating commercial banking and investment banking would solve much i mean why is there a crucial difference between the same company giving out loans and securitizing them versus one company giving out loans and another one securitizing and selling them when the exact same incentives...
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Jul 6, 2012
07/12
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CURRENT
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sandie how can people find out for about you. >> you can go to my website, or i'm at sandie on twittersandia richards that's the best way. sandie. >> it is such a pleasure to have you here. >> it's so great to with you and travon. >> and i even say to my atheist friends, it's about taking jesus back from the hypocrites. >> right. and i think in this nation we are supposed to respect each other's right to choose whatever religion or non-religion you choose -- >> and i'm tired about disrespect against atheists. >> i believe the whole universe is under god. and my nationhood and christianity are often at odds. so i don't really want to nationalize my christianity. >> and saying under god was only added in the 50s. >> that's right. and the name calling is so unhelpful. >> what a pleasure. >> thank you so much. >> we'll be right back with more on the "stephanie miller show." >> it's really weird, but it's also the coolest thing i have ever heard in my whole life. >> announcer: it is the "stephanie miller show." ♪ septic disasters are disgusting and costly, but avoidable. the rid-x septic su
sandie how can people find out for about you. >> you can go to my website, or i'm at sandie on twittersandia richards that's the best way. sandie. >> it is such a pleasure to have you here. >> it's so great to with you and travon. >> and i even say to my atheist friends, it's about taking jesus back from the hypocrites. >> right. and i think in this nation we are supposed to respect each other's right to choose whatever religion or non-religion you choose --...
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Jul 10, 2012
07/12
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KOFY
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let check in one last time with sandy. hot tomorrow. >> absolutely dan. in the bay area. around the state. look at the numbers. 101 at yosemite. 103 in chico heading down to palm springs 118 degrees. 113 in las vegas. the only place to escape the heat would be the coast tomorrow. we still have enough of sea breeze and fog to keep from you getting too hot. san francisco 72 tomorrow. 99 in antioch up to 90 in san jos jose, napa 78 for new oakland. here's accu-weather 7 day forecast. warming continues wednesday when we hit 102 inland. near 70 at the coast line. cooling begins on thursday. really don't feel it until we get cholesteroler to the weekend when temperatures back down to where you should be for this time of year. hot hot hot until then. >> thanks very much. >> mike in for larry tonight with all the sports. >> a little busy night. go to the fan favorite held tonight in kansas city with home run derby. repeat champion did something no what do you think of this one? really? what's this? this is a rose i made from a turnip. let's try together. perfect.
let check in one last time with sandy. hot tomorrow. >> absolutely dan. in the bay area. around the state. look at the numbers. 101 at yosemite. 103 in chico heading down to palm springs 118 degrees. 113 in las vegas. the only place to escape the heat would be the coast tomorrow. we still have enough of sea breeze and fog to keep from you getting too hot. san francisco 72 tomorrow. 99 in antioch up to 90 in san jos jose, napa 78 for new oakland. here's accu-weather 7 day forecast. warming...
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Jul 27, 2012
07/12
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CNBC
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what does dimon think of sandy wile's break up the bank comment? we'll find out. >>> investors going cold on global growth concerns. is it a buying opportunity? we'll find out after the break. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can
what does dimon think of sandy wile's break up the bank comment? we'll find out. >>> investors going cold on global growth concerns. is it a buying opportunity? we'll find out after the break. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm...
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Jul 11, 2012
07/12
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KOFY
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sandy is here with a look at the temperatures around the state. >> yes. around many parts of the state as well. 116 degree ins palm springs. 110 in 40's no. it's going to be blistering heat. 102 yosemite. 104 cheek o. really the only plates to escape it heat is the coast. whereas you notice temperature quite comfortable. inland area here in the bay area 104 degrees livermore it's up to 102 in fairfield. tomorrow afternoon hottest day 93 in san jose. 96 in santa rosa. san francisco 72. oakland 80. half machine bay fog sitting around 65 degrees. so it is a spare the air day for your wednesday steamy conditions inland wednesday thursday. and coastal area remain in the comfort zone. cooler at the coast and bay thursday. everyone really starts to feel the cooling as we head into the weekend when temperatures back down to the 80's iland. 60's coast side. by then we are looking forward to the the relief. >> yes that is the comfort zon zone. >> absolutely dan. >> thanks very much. we appreciate jit well larry is off. mike is here with all the sports. bay area bal
sandy is here with a look at the temperatures around the state. >> yes. around many parts of the state as well. 116 degree ins palm springs. 110 in 40's no. it's going to be blistering heat. 102 yosemite. 104 cheek o. really the only plates to escape it heat is the coast. whereas you notice temperature quite comfortable. inland area here in the bay area 104 degrees livermore it's up to 102 in fairfield. tomorrow afternoon hottest day 93 in san jose. 96 in santa rosa. san francisco 72....
SFGTV: San Francisco Government Television
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Jul 11, 2012
07/12
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SFGTV
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you know we went crazy once, when he tried to jump in the send, and he got sandy dunn. and the green grass, keeping a high end fund. ♪ we will have lots of fun in the sandy sun supervisors, when you're done keep it natural ♪ thanks. [applause] >> next speaker. >> i was nervous enough, now i have to follow that. i am not going to sing. it has been a long couple hours, thank you for your time. i am here to ask you to please support the appeal. as many others have said, it is inadequate and does not address the plan. it is inconsistent with the master plan. why have we spent so much time and energy when the plan was developed to ignore that? it is not due process, and it really needs to be part of what you are addressing today. i am not here to cite specific sections, but i would like to mention that i grew up in san francisco. i still live here. in my lifetime, i have seen many spaces that were once open space. they got paved over a little at a time. and we need to step back and look at the big picture and see what that is doing to the flora, fauna, and people that live h
you know we went crazy once, when he tried to jump in the send, and he got sandy dunn. and the green grass, keeping a high end fund. ♪ we will have lots of fun in the sandy sun supervisors, when you're done keep it natural ♪ thanks. [applause] >> next speaker. >> i was nervous enough, now i have to follow that. i am not going to sing. it has been a long couple hours, thank you for your time. i am here to ask you to please support the appeal. as many others have said, it is...
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Jul 31, 2012
07/12
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WMAR
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. >> the east beach section of sandy point state park is closed off to swimmers, because of high back tier found in water samples. east beach is mainly used as a camp. you rarely see swimmers but you do on south beach and that section safe. sandy place tested weekly during the summer, high bacteria count could be because of water temperature, water fowl and rainfall. >> it's getting bigger on monument street. that sink hole the city has been working on is growing. someplaces will have their water turned off . make sure everybody is safe. that will take about a week. >> close call in locust point ended with a thousand people evacuated today. a contractor was working on the 1100 block when they struck a gas main. employees in under armor, children and adults at a daycare -- were evacuated while they got things under control. it was stopped around one and everybody was able to go back home safely. no lingering gas. >>> and from gas leaks to grande prix construction, construction starts tonight on that two mile race course running through downtown baltimore. mostly along the harbor and ca
. >> the east beach section of sandy point state park is closed off to swimmers, because of high back tier found in water samples. east beach is mainly used as a camp. you rarely see swimmers but you do on south beach and that section safe. sandy place tested weekly during the summer, high bacteria count could be because of water temperature, water fowl and rainfall. >> it's getting bigger on monument street. that sink hole the city has been working on is growing. someplaces will...
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Jul 13, 2012
07/12
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MSNBCW
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sandy spring, georgia, is one of those examples. it was incorporated in 2005. it's privatized almost every sector of the public traditionally public employees. think there are seven public employees in sandy springs. the mayor being one. and it's really working for them. they are in the black. people love living there. >> you can't privatize the police, right? >> they haven't. >> the fire department. >> you could. >> they're too expensive. >> there's a liability issue that's too big. but they privatized nearly everything else. i think police and fire -- >> what about our responsibility to each other? are we comfortable with a richer community sort of walling itself off economically and not participating with poor communities near it. >> sandy springs is an unusual example. they separated themselves off from the rest of the county and sandy springs itself actually interesting fact herman cain lives there. it's like a wealthy enclave. >> growing 30% minority population. >> within this particular county. still, a wealthy enclave anyone would say. so it's a little
sandy spring, georgia, is one of those examples. it was incorporated in 2005. it's privatized almost every sector of the public traditionally public employees. think there are seven public employees in sandy springs. the mayor being one. and it's really working for them. they are in the black. people love living there. >> you can't privatize the police, right? >> they haven't. >> the fire department. >> you could. >> they're too expensive. >> there's a...
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Jul 8, 2012
07/12
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CSPAN3
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now i will turn you over to sandy quinn, the vice president of the nixon foundation. he was an assistant to richard nixon, and later served on the staff of governor ronald reagan and u.s. senator george murphy. he was head of marketing for walt disney world in florida through construction and its opening. and several years of operation. later joined the corporation as a division vice president. he was president of quinn and brian marketing and communications and for many years served blue chip corporate accounts throughout the united states. ladies and gentlemen, please welcome, sandy quinn. [ applause ] >>> well, i can't miss this opportunity to raise some money for the richard nixon foundation, which is privately supported because david was so kind to present that photograph of president nixon and elvis presley when they visited -- when elvis presley visited the president at the white house. now, i know all of you are elvis fans. you're nixon fans. so you can get magnets and mugs, t-shirts, and that photograph, too. and that photograph in several colorful executions
now i will turn you over to sandy quinn, the vice president of the nixon foundation. he was an assistant to richard nixon, and later served on the staff of governor ronald reagan and u.s. senator george murphy. he was head of marketing for walt disney world in florida through construction and its opening. and several years of operation. later joined the corporation as a division vice president. he was president of quinn and brian marketing and communications and for many years served blue chip...