it was narrated by liev schreiber. [♪ music ] >> it's supposed to insure the safety and soundness ofhe financial system. the fed is supposed to be the guardian of financial stability, preventing chaos in markets. now usually it can do that. in the summer of 2008 it couldn't do that. but we did get chaos. >> but what caused the crisis in the first place? what brought the wealthiest nation in history to its knees? according to many economists and senior fed officials it was the fed itself at the eye of the storm. >> the fed kept interest rates too low for too long. that contributed to the bubble in housing crisis. this was textbook when you take rates that low you're going to have a boom and a bust that is likely to follow. >> the fed failed to prevent a housing bubble, the predatory lending scandal and utterly failed to prevent the financial crisis. so we failed to regulate the most important part of our financial system. >> i don't think anybody of us who look at the fed take comfort from the fact that somebody screwed up, but i think its important that we recognize that mistakes wer

here's abc's juju >> reporter: katherine schreiber says she's addicted to something post people would praise her for. she's been known to hit the gym obsessi obsessively. >> this is my first love. >> two hours before work, an hour at lunch, another session after work. >> i don't stop because you're not worth [ bleep ] if you stop. you're worthless. >> katherine is a self-proclaimed exercise addict, but rather than make her happy, she thinks it's a curse. you know, when people don't know your back story, they look at your physique and say oh, i'm so jealous of her physique? >> absolutely. >> reporter: what would you say? >> it looks better than it feels. i'm so envious. it's not something to be envied. the psychological turmoil that drives me to do this, it's not fun and i don't wish it upon anybody. >> reporter: our country is in the grips of an obesity epidemic, which may explain the exponential growth of hyper intensive workouts that promise to help you slim down and bulk up quickly. p90x, selling more than 4 million dvds. insanity? more than 2 million. crossfit, signing up 10 milli

thank you, especially, professor schreiber, for your comments. [applause] [captions copyright national cable satellite corp. 2014] [captioning performed by national captioning institute] >> this weekend on "newsmakers," am and heritage action for america. it was founded in 2010 and made defending the healthcare lots first key issue. with the group as plans for 2014 as well as his own thoughts regarding divisions in the republican party. here's a preview. clinics we need to modernize our immigration system. we welcome people from all around the world to come to this country, to contribute. you only get one chance to do bold immigration reform. there are all sorts of problems that needs to be looked at. it has demonstrated the face and how they want to use this issue for political means and not forgetting good policy. we can all agree that we need to increase the number of h-1b visas. why did they not want to put forward that bill? they passed a bill in the house to do it. that should be something we agreed to settle on. i support a guest worker pr

thank you, especially, professor schreiber, for your comments. >> thank you. [applause] [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] > weekend's newsmakers our guest is michael needham. the group was founded in 2010 and made defunding the health care law its first key issue. we will hear what the group has planned for 2014 as well as mr. needham's own thoughts regarding divisions within the republican party. here's a preview. 72% of americans do not like the republican party. i am one of those right now. the gop needs to find it sold companies to find out who it stands for. when most americans look at washington d.c. they see a game and they see or 10 food fights. they're making -- about making sure that well connected people have spending and regulations written in their favor but if your small business person our entrepreneur or somebody wants to go to work and home sure family you don't have a voice in washington. >> is that part of the game? and games go together. you're very much a part o

we go back to the first architecture for the two generation approach, i think it started at the schreiber -- table.hriver kitchen we are working on 2.0 here. it is important for us to be adaptive with how the world has changed.o -- let's take head start. there is an amazing program in intel's --. there is an amazing program and. -- tulsa. they said, we will give every kid everything we can. every best practice and promising program. when the mother comes, we lose them. they created a program for the mothers and fathers. while the kids were in head start, they found a way to work with them to create a coaching circle. to get them it into also tech tech.- tulsa they found partners and employers. we want to stick with these parents because we know for some of the women on the brink, of youen car, -- a broken car, miss a day at work. let's have a carpool system to take her to work and get the car fixed. let's double down and get better permanent results. >> is that program in place now? >> yes. it has local and national support. it has a grant with the department of health and human services.

is our respondent, deirdre english, will have a response and a bit of a conversation with ronnie schreiberd for the last 15 minutes we will open up to the floor for questions.