you only see at the fringes but very respectful people, simon johnson, it's great that the message is breaking through the smoke screen. >> glenn: i wonder if it's good or i'm suddenly on a really dangerous boat to hell. >> don't worry. they are the most powerful people in the world. thank you so much. let's go to ron paul the congressman from texas. congressman, i draw this spider web up here. i see it. i think to myself, at the center of this really is the fed. they are in this thing all waited around. yet, you want to talk about powerful people. you've got a majority of congressmen that are willing to say we need to open up the books to the fed. you can't even get this thing brought to the floor now. why is that? >> well, so far we haven't been able to. we have 273 which includes 90 democrats. so the large majority of the coming men wanted, it's not because they really understand the issue. it's as much of the fact it has struck a chord with the american people. they are demanding more transparency. i think this is very good. we had the first demonstration last week when they tried

you only see at the fringes but very respectful people, simon johnson, it's great that the message is breaking through the smoke screen. >> glenn: i wonder if it's good or i'm suddenly on a really dangerous boat to hell. >> don't worry. they are the most powerful people in the world. thank you so much. let's go to ron paul the congressman from texas. congressman, i draw this spider web up here. i see it. i think to myself, at the center of this really is the fed. they are in this thing all waited around. yet, you want to talk about powerful people. you've got a majority of congressmen that are willing to say we need to open up the books to the fed. you can't even get this thing brought to the floor now. why is that? >> well, so far we haven't been able to. we have 273 which includes 90 democrats. so the large majority of the coming men wanted, it's not because they really understand the issue. it's as much of the fact it has struck a chord with the american people. they are demanding more transparency. i think this is very good. we had the first demonstration last week when they tried

chief economist simon johnson talks to paul solman this week on our business desk. tonight's topic is whether wall street has changed in response to the financial crisis. the newshour's journalism is available whenever you want it, at newshour.pbs.org. we'll see you there, and again here tomorrow, first in the morning, on most pbs stations, with our coverage of the sotomayor hearings. and then in the evening with the newshour. for now, i'm jim lehrer. thank you, and good night. major funding for the newshour with jim lehrer is provided by: intel. supporting math and science education for tomorrow's innovators. chevron. the atlantic philanthropies. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org

rate of nearly 8% in the last quarter; and on our business desk, paul solman talks to economist simon johnsonut china's investment in u.s. treasury bonds and other assets. and again, to our honor roll of american service personnel killed in the iraq and afghanistan conflicts. we add them as their deaths are made official and photographs become available. here, in silence, are ten more. that last photograph was captain kafele h. sims. when we reported his death last month, we mistakenly ran a photograph of someone else. we regret the error. we'll see you online, and again here tomorrow evening with mark shields and david brooks, among others. i'm jim lehrer. thank you and good night. major funding for the newshour with jim lehrer is provided by: chevron. intel. supporting math and science education for tomorrow's innovators. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting.

some of the more prominent ones is simon johnson, former international monetary fund economist who sayshe federal government should essentially take over some of the bigger banks. there is a strong reluctance to do that, both in the previous administration peak and among democrats and republicans on capitol hill. the feeling is the united states simply isn't the country where most people are interested in having the government on a significant part of the financial sector for any sector, for that matter. host: of quincy from washington, d.c. are you there? good morning. caller: i want to get definitely what the small business be. it continues to flex me -- 100 employees or less. last time i heard it was 500. what is the difference between a small business and corporation where they can actually qualify for some of this money? guest:sure, and answer will depend on who is talking. small business to some degree as an eye of beholder. and federal law there are certain threshold for different programs. i am afraid i don't have the rundown, but there are various programs that set different th

economists, simon johnson, was recently quoted as saying, quote, the new york fed sticks out as being not just very, very close to wall street but to the most powerful people on wall street. in particular, the federal reserve bank of new york is noticeably close to investment bank turn bank holding company and seaver of billions of dollars in tarp funds, goldman sachs. steven freeman was a former key employee at goldman sachs. and william dudley was at goldman sachs for 20 years, including 10 years as chief economist. and, of course, the new york fed is now tasked with overseeing goldman sachs. furthermore, former treasury secretary henry paulson who engineered the $750 billion bailout of wall street and created the tarp program was also the former c.e.o. and chairman of goldman sachs. and another noncould he incident, during his time as -- noncoincident, during his time as c.e.o. of goldman sachs, he let goldman sachs' main competitor, lieman brothers, fail, thus ensuring that they would pay goldman sachs $2.9 billion in losses making goldman sachs the largest recipient of funds from

simon cowell. let's meet victoria lyons, chantal leverton, tasia hodges and izzy johnson also known as escala.setup as like an electric guitar and they're just great for performing and people always seem really fascinated by them. >> does anybody wonder if you're actually really making the music out of them because of the way they look? >> yeah, in between pieces we just make really loud noises. >> and we were classically trained. so we spent quite a long time adapting to the electric instruments. >> classically trained. how much training did you guys have to put in? >> we started when we were 5 or 6. and years of music school, hours of practice every day. and music college. >> yeah. >> you're going to hear why in a moment, too. >> what are you going to play for us? >> we're going to play "live and let die". >> ladies, take it away. ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> yes! >> whoo! >> escala! wow. excellent. >> thank you, ladies. >> awesome. and great shoes, too, by the way. great shoes. >> we'll be back with more. but first, this is " fios guy! where ya headed? ah, just installed fios in the whole building. now