america the senses to recipe for the collapse people didn't get a raise in four years, the august sec nation in history and the goldman sachs profits were record high and wages were a record low so we need to be very thoughtful that we cannot simply cut away, tax our way, spend our way out of this. we need to have job growth and wage growth in the short run if we are going to be able to do anything we wanted and that is quite to the thoughtful about changing anything. that might interrupt us getting back to the kind of growth we need to begin the conversation. last point. everyone i talked to in washington called upon to answer some of them have said although this is a critical discussion, they deal with as democrats and republicans with a look at it in terms of less than right and i think we need to look at it as what is right or wrong for the country and i think if we view that all of the assassins of change as i like to call them in washington, d.c. stand around trying to make sure nothing happened there would be very disappointed. i've met every single republican member of the commission

there currently to her clan initiatives, the sec national broadband plan and the economic recovery act broadband wireless spending program, boso which will have far-reaching implications for small businesses across the country. i look forward to discussing the ecstasy of these measures and eager to explore other ways the federal government can encourage wireless and wireless companies to compete fairly in a property product remarkable balancing the fact we must avoid creating undue burden through this government regulation. as a member of the commerce committee, with whom i for the senate kerry i'm pleased to join them in a critical legislation, i have heard countless stories from entrepreneurs in my home state of maine across the country, that abuse the internet to transform the way they do business. just last week in fact i was contacted by an owner of a small business, who depends on broadband connection is thematically basic business access. his business is located in rural maine. in his own words and i quote, my knees were broadband are standing for with the limited access and mar

america the senses to recipe for the collapse people didn't get a raise in four years, the august sec nationry and the goldman sachs profits were record high and wages were a record low so we need to be very thoughtful that we cannot simply cut away, tax our way, spend our way out of this. we need to have job growth and wage growth in the short run if we are going to be able to do anything we wanted and that is quite to the thoughtful about changing anything. that might interrupt us getting back to the kind of growth we need to begin the conversation. last point. everyone i talked to in washington called upon to answer some of them have said although this is a critical discussion, they deal with as democrats and republicans with a look at it in terms of less than right and i think we need to look at it as what is right or wrong for the country and i think if we view that all of the assassins of change as i like to call them in washington, d.c. stand around trying to make sure nothing happened there would be very disappointed. i've met every single republican member of the commission and of t

sec go from your? they recently had national broadband plan released and also its net neutrality focus. >> well, the effort to write these rules for net neutrality have completely been undermined by this decision. the fcc is to completely go back to the drawing board and essentially start over with those regulations. and you have to do one of a few things. it has to defend any legal authority to get their power to internet or it has to go to congress and ask for specific authority to regulate the internet. and going to congress is problematic because these rules for sort of limited ability of the fcc to put its hands on the internet are put in place by bush administration and republicans are likely to very vigorously oppose any efforts to get the fec authority with the internet. >> add wyatt at "the new york times," thank you. >> you are welcome. >> i know what the challenge is and we're in a unique position to go to work. what we need is policymakers in washington to develop a roadmap so we can get it done. >> coming up next, booktv presents "after words," an hour-long program where we invite guest host t

year 2011 budget will enable the sec to carry all the more robust oversight function for credit rating agencies and conduct examinations at half of the registered nationallyracket negative statistical rating organizations next year, underlined next year. you explain that in 2006 the sec took on a major new responsibility with the credit rating agency reform act which gave the agency the authority to regulate internal process ease of nationally recognized statistical rating organizations such as record keeping and policies to guard against conflicts of interest. you contend and by quote the sec never received any increase or dedicated funding to carry out the new responsibilities and it has been forced to divert positions from other programs in order to staff this vital function. end of quote. i am puzzled by that statement to get in fiscal year 09, congress provided the sec within $970 million in budget authority. $57 million more than the president requested. $57 million above the president's request and 913 million. and in fiscal year ten the current year the conference provided $1.1 billion, 85 billion above the president's request. if the sec regards

national futures. and, where again talked about the goldman take down. the company said the fraud allegations are false. but john, if the sec does prove them, will goldman be slapped on the wrist, or will it actually face a severe punishment? you know, i'm not a legal consultant, but i can tell you this. i think that from enough experience in the industry, there's been all types of fines that have been levied. i think with the intent of the regulators to clean up wall street and the image of wall street. the fine could be quite substantial, if goldman is in fact found guilty. so that's the key, what's really gonna come out. it's gonna be big news, there's no doubt. but goldman sachs, truthfully i think that if they can defend this case and if they are able to from a civil standpoint. because this is not an sec sanction against them in regards to criminal activity. but, if they can buy their way out of this with a reasonable fine, goldman sachs is still king of the hill. ok, still though, two years after the crisis started. regulators act like they're trying to be tough right now. i think its pretty pathetic that it took the

sec time. adam dunn goes large tonight. that gave the nationals 4-1 league and the second mammoth blast in the ball game. he has 319 home runs in his career. he was talking a few minutes ago down in that clubhouse about how it feels good. >> it's obviously good. i wouldn't say i'm out of a slump. it felt good. again, i've been feeling good all along. i just haven't really been doing much. hopefully things will start heating up. >> how do you prepare and what was your approach against the knuckle ball pitcher? >> honestly, two thoughts went through my head. first one was, i don't care what happens. i'm just going to try to jam myself, stay inside of it. the other one was kind of revert back to slow pitch softball and try to catch it out in front minus the beer coolers in the dugout. matt capps through me some knuckle balls today. he's got a good one too. >> how impressive was luis' debut? >> you can't ask for a better one. that's a good hitting team. he pitched great. that's the first time i've seen him pitch. he had a lot of composure. >> you said

effort into the merit initiative, and i know i believe you and secretary clinton, sec their napolitano, the directer of nationaligence and others traveled to mexico city recently to visit with the mexican government, but why is it that what we are doing now does not appear to be working, and are you as concerned as i am that this violence will not result in a peace treaty between the mexican government and the cartels? one is going to win ask the other's going to lose, and we don't know what that outcome will be right now. >> just for the record, i did not accompany them on the trip. i was suppose ised to be before this committee to testify, but it got postponed. so the deputy attorney general actually went in my place. the work of our mexican counterparts has been courageous. they have literally put their lives on the line, and one looks at the number of law enforcement officers, soldiers, civilians who have, who have, who've lost their lives in connection with this battle, it is, indeed, alarming. i spent over two hours in phoenix when i was there for the u.s. attorneys' conference speaking with my mexican co

investing in companies doing business in nations that are designated as the state sponsors of terrorism by the department of state. but the office within the sec has failed to vigorously carry out the mandate to ensure that all companies that are sold on american exchanges that operate in those countries are disclosing their activities to investors. i know the chairman and i have supported legislation that has allowed state pension funds to divest their holdings in such cases. why hasn't the sec been more aggressive in following through by issuing regulations to ensure that corporations do disclose information about their activities in such countries to their investors? >> center, the office of global security was created in 2004, and that time between then and now, that office has reviewed about 800 corporate filings that his clothes and doing business on some level what iran, sudan, or cuba that are on the state department list. disclosure requirements are based on materiality. that is something we could change. but there is not a separate line item disclosure for any level of business with one of those countries. we look at materiality, bot

chairman of the sec and chairman genachowski has been charged by his boss, the president, and the administration was trying to implement new policies. it just came out with the national guard and planned trying to look at all loads the challenges that we face as an nation and how broadband can address some of those challenges are they see this as a vital infrastructure, which is right. they're trying to encourage investment. they want innovation in the space while this is good but they're trying to work with the statute that is a structure for this area. and i tank when we look at this world of the internet, we know we don't want it to be a wild wild west. we want to be governed by the rule of law. empress really have to determine what other principles for the rule of law and who has the power to enforce and oversee quake >> host: we're talking with tom tauke come to executive vice president for verizon. when he messes jim hart was a technology reporter and also writes the silicon valley pattern. >> or you tom? last week in your speech you talk a lot about how everyone is kind of plane in each other's inboxes this week heard computer companies are selling for network

the sec says everyone implicated has been disciplined or in the process of being punished. >>> this afternoon, arizona governor jan brewer sign flood law the nation's toughest legislation against illegal immigration. measure president obama called misguided. it requires police to question people about their immigration status. if there is reason to suspect they are in the country illegally. leanne gregg has more on the arizona controversy that people here in washington are watching very closely. >> reporter: arizona governor jan brewer announcing her decision to sign into law a bill requiring law officers to stop arrest anyone suspected of being in the country illegally and says it is necessary because of the federal governor's failure to secure the mexican border. >> the bill i'm about to sign into law, senate bill 1070, represents another to use as we work to solve a crisis that we did not create and the federal governor has refused to fix. >> reporter: president obama at a naturalization ceremony the white house calling the measure misguided. >> in our failure to act responsibly at the federal level will only open the doors to irresponsibility b

reporter: well, the internal investigation shows 31 sec staffers, including one woman may have spent more time watching porn than policing the nation'scial system, all on government issued computers and at the cost of taxpayers. 17 of the employees were senior level pulling in six figure salaries, most of this happened in the last two and a half years when the economy was on the brink of collapse, one top attorney spent up to eight hours a day looking at pornography and another employee was blocked more than 16,000 times in a month from sexually explicit sites. sec inspector general david cox prepared the report and here he is speaking to neil cavuto. >> i certainly wouldn't say it's throughout the commission. the concern we had was not so much with the number which was only 31, 33 individuals, but with the severity of those instances and the egregiousness of those instances. >> reporter: now, one employee was able to bypass the filter by using google imams, rick. >> rick: the 33 individuals that we just heard mentioned there, what did the sec do? what kind of action was taken against them? >> a sec spokesperson tells fox, each of th

sec. he says these high ranking officials were, quote, spending more time looking at porn than taking action to help stave off the events that put our nation's economy on the brink of collapse. betty? >> nancy cordes, thank you for that. >>> well, some republicans are enjoying a told you so moment following two new reports on the cost of president obama's health care reform. health and human services experts say the new law will not lower costs, predicting a 1% rise in health spending over ten years. the white house disputes that finding. separately, the congressional budget office estimates that under the law, 4 million americans could face fines averaging $1,000 if they do not have health insurance by 2016. >>> sarah palin may testify in a tennessee federal court today in the trial of a man charged with hacking into her e-mail account during the 2008 presidential campaign. prosecutors said david kernell, then a college student, bragged on the facebook website about about hacking palin's e-mail but admitted he found nothing in-cripple dit nature willing, indicating disappoinlgt by adding a frowning space symbol. >>> and alaska are honoring

nation focuses on broadband deployment, we believe are fiber rich corduroy or plain networks offer the best, fastest and most economical to the rapidly increasing demand for small businesses. as the secpen internet proceedings, we urge its leaders to work closely with broadband providers and companies that have committed to continue providing a positive internet experience. we urge the fcc and congress to avoid a heavy-handed regulatory approach that would impose legacy voice, telephone regulations on modern networks. in summary, i'm pleased to share with you last week that her announcement of quest we believe this combination is important positive transportation not only for consumers but for the small businesses, the combined networks offer incredible potential to accelerate deployment and improve broadband services. our goal is to provide the highest quality and affordable voice and broadband services for customers. we trust members of this committee and the fcc will see the strong public interest benefits of this merger, its great potential and join us in gaining the necessary state and approvals of promptly as possible. we look forward to your questions. >> thank you. mr. friedm

and spoke to the nation, let us know we were in the midst of this financial crisis and the federal government was doing everything it could to handle this, what was going on at the sec> there's always the knucklehead factor in any large institution. there's almost guaranteed that some point, some where, someone or a group of someones were doing something they shouldn't be doing, that's what happened here. this is not a systemic issue for the agency. the sec is filled with very smart talented and dedicated kids who wake up every day and try and do the best they can to protect investors. nevertheless, you know, these individuals took it upon themselves with their own interests ahead of that of the investors. they need to be doing a better job. look, when you're a regulator and you answer to a higher authority. >> perhaps if they were doing their job we haven't have read about bernie madoff stealing billions of dollars, the goldman sacks issue, clearly something the sec dropped the ball on. where do we place the blame here? 17 of the people were senior officials making six figures, do we go all the way to the top or where do we go with this? >> without knowing the spec