solomon is with the packard media group. he also is actively engaged, still, in doing topnotch investigative jourm itch. it is my hon -- journalism. it is my honor to have mr. solomon here. >> thank you so much for having me here. it is a great pleasure to be alongside jim and rich whom i have admired throughout my career for doing the type of journalism that they have created time and time again. i've known throughout my career that whistleblowers have been an important part of my career but i didn't really how important until about a year ago a young graduate student called me and said did you know you did 377 stories that involved whistleblowers and i said no, that's not possible and she counted them up and sent me a stack. her math is pretty good, i guess. over the course of 25 years, i've interacted with whistleblowers almost weekly and for every story i've written, just like jim said and rich saids there is probably three that i passed on because i couldn't validate or verify or trust the information. it is a hit-and-m

he worked at solomon brothers two years? >> more like three, almost three. i got there in the summer of 1985, and i left in early 1988. >> and can you give us a couple of lines about liars poker? >> sure. liars poker, the fuel for that story was that anybody would be willing to give me large sums of money to give them investment advice. i had an economic dedegree from the school of leon con, but it didn't have anything to do with giving investment advice. as interested as i was in kind of the sociology -- well, the finance at solomon brothers, but i wasn't particularly well sueded for telling people what to did ith with their money. i didn't feel like i was making a useful contribution to the global economy, but it was pretty clear if i sat in that seat, i would get rich. that was puzzling. why should anyone get paid all this money just to sit in this seat. the trick was just getting to the seat. so i wrote -- i left to write a story about it, a non-fiction story. it was always trying to explain what had happened on wall street to make these sort of jobs pos

solomon here. [applause] >> thank you so much for having me here and it's a great pleasure to be alongside jim and rituals i've admired throughout my career for doing the this type of journalism that they've committed time and time again. and i cannot drive my career that whistleblowers have been an important part of my career, but i didn't really understand how important until about a year ago young graduate student from st. lewis university i think it was called me and said did you know you did 377 stories that involved whistleblowers and i said no, that's not possible. she covered them up and sent me a stack in her mouth is pretty good i guess. but over the course of 25 years, i've interacted and for every story i've written just like jim said it is probably true that i pass on because i couldn't validate or verify or trust the information. so if they had and miss proposition , but the value of what whistleblowers do when they stand forward and bring wrong to the public's attention essential to

the solomons are in the pacific ring's rim of fire. there have been a number of devastating quakes around the world this year. the number of earthquakes isn't actually increasing but they are hitting populated areas more often because the world's population is growing. now one geologist says earthquakes the size of the one that destroyed port-au-prince, haiti, happened to 15 to 20 times every year and they are mostly in areas with little or no population. >>> look at this. a landmark that's graced the dallas/ft. worth metroplex since 1971 here now just falling right into a pile of rubble and dust for that matter. texas stadium home to the dallas cowboys through the five super bowl championships is a goner, folks. the team moved to a new billion dollar stadium last season. the city of irving imploded the stadium to make way for a road construction project. >>> death threat against lawmakers are way up and the bitter debate over health care is being blamed for it. a senate sergeant of arms says members of congress reported 42 incidents s

brothers had at the time that michael solomon wrote his book.you've read michael lewis's book and recoil from the attitude and the culture i think, certainly now many of you would. but that was just the beginning. everything that came after scaled that up and the key thing -- and they pay a lot more money. the compensation went back to the private sector but it was before the reforms of the 1930's home. but fdr reined in speaking to the finance and ended up cutting of their pay. he didn't target the pay but that is what happens when you make banking boring. now, the nature of american democracy as you know is such that if you have money you can be heard. you can make campaign contributions. i think you know about that. you can also impress people. you can become compelling and fascinating and central to the culture and that is what happened to finance. this idea greed is good which he intended in his original movie wall street as a cautionary tale and in a statement of excess actually the became the motto of the 1990's. and the huge irony it cer

i would stress and we make this point in the book is the people you worked with at solomon brothers that speculating outfit by the modern standards was tiny. the legendary so-called king of wall street in the mid-1980s wouldn't even rank in the top 20 and the fact the largest hedge fund we have in the country which is believed is approaching the headcount the solomon brothers at the time michael lewis wrote his book. you've read michael lewis book and recoil from the attitude and the culture i think certainly now many of you would put the was just the beginning to read everything that came after scaled that up and the key thing about -- and they paid a lot more money. the compensation went back to what it was relative in the private sector what it was before the reforms of the 1930's but fdr ran been speaking with finance and ended up cutting their pay. he didn't target the pit that is what happens if you make banking boring. now, the nature of american democracy as you know is such that if you have money you can be heard and make campaign contributions. i think you know all about that.

solomon typed about. that is professional to understand what a whistleblower goes through in both the vetting process and in their own personalized. and there are a lot of journalists he do that. i'm honored to have three of them here. so that is the legal summary and what we'll do is when i'll open it up for questions. i have a whole slew of written down, but before doing going to open it up to the floor. so any questions? >> steve, when we're talking about dr. waiters and the fbi and when push came to shove, and you are able to get a sitting fbi agent top-secret clearance to be able to talk to the news media. now, what's missing from the discussion is the meetings that you have had with your partners before that happened, where you had to go over the risk of whether you were simply practicing law when you were done with this process and what would we do if push came to shove. so i think maybe when you're talking push comes to shove him into her not really putting the full deck of cards on the table as t

our next speaker is john solomon. i have known him for a number of years. i consider him the dean of print investigative journalism in washington d.c. bar none. for an investigative journalist, there is kind of like a bug. there is something there that this journalist wants to get to the truth and the root of this story, no matter what. from a whistle-blower perspective, that is who you want on your case. for any investigative journalist, that is the character trait that makes someone into a top-notch world- renowned successful investigative journalist. for a whistle-blower, that is what you need. john has done just outstanding stories. it is an absolute honored to have him here. he is the former executive editor of th"the washington times." he is with the packard media group right now. he left the times a couple of months ago. he is an award winning investigative journalist. he won numerous journalism awards, including the robert -- robert kennedy journalism award in 2008. he has won the national public service award. he also produced the first joint proje

i wrote a whole book about how insignificant i was at solomon. i have not puffed myself up as a bond trader. that particular person was indeed in my training class, and i think was upset that i didn't write about her because she thinks she saw the crisis coming. i have had some of that, people getting upset that they weren't the characters in my book. that is weird to me. >> we are about out of time. do you remember the moment that you decided to call it the big short, and what does it mean? >> yes. it was a little bit of a devious moment. i wrote a little magazine article for portfolio magazine, now deceased a year and a half ago when i met steve eisman, and eisman was the centerpiece of the article. this title popped into my head. i said this is going to be a big story. so i ripped it off the magazine and kept it in my back pocket. they called the piece the end or something like that. that is when the title popped into my head. what was the other question? >> what does it mean? >> to short or bet that the surprise falling. this was the single g

solomon has personally had some of those issues and he can talk about them with some of the searches. but yeah, when you're on, when you are standing up for a client and that client is very controversial, not because they're good or bad person, but the information they had his electric, is radio act did and can cause change. there are risks both to everyone who's involved in that process and that has to be weighed. and again, if you are a whistleblower, you need to partner up with lawyers and with journalists who are willing to take that risk. if they're not, you know, they may abandon you and your time of need. on the other hand, it's the understanding and the respect for that risk that i think would lead to the caution necessary that you never have a disaster. not as kind of open about those comments to the other panelists if you'd like to say something from a journalist respect it or have you worked on it. >> about the risk? >> not just the risk of the whistleblower, but the rest are implicit in a controversial story. >> excuse me. when you're dealing with classified information, t

but one point i would stress, and we make this point in the book, is the people he worked with, the solomon brothers, that brought trading inspectors of, in modern standard was done. the legendary so-called king of all street in the mid 1980s wouldn't even rank in the top 20, 20 now. in fact, the largest hedge fund we have in the country which i believe is approaching the head can the solomon brothers had at the time when michael lewis wrote his book. you read michael lewis' book and you recoil from the attitude and from the culture, i think that serving i think many of you would. but that was just the beginning. everything that came afterwards scaled that up. and the key thing about, and they paid a lot more money. the compensation went back to what was relative to the private sector what it was before the reform of the 1930s. when fdr reined in speculative financing, he ended up cutting their pay. he didn't target their pay but that's what happens when you do that. now, the nature of american democracy, as you know, is such that if you have money, you can be heard. you can serving make ca

the solomon islands are located along the so-called ring of fire, an arc of earthquake in volcanic zones >>> and astronauts working on the international space station this morning overcame technical difficulties as they performed the second spacewalk in three days, both needing extra elbow grease to loosen some bolts. more from candy crowley and "state of the union" after this. when business travel leaves you drained, re-charge with comfort suites. spacious rooms, free hi-speed internet, and free hot breakfast. comfort suites. power up. now stay two separate times with comfort suites... or any choice hotel and earn a free night. book at choicehotels.com. or any choice hotel and earn a free night. ♪ well, look who's here. it's ellen. hey, mayor white. how you doing? great. come on in. would you like to see our new police department? yeah, all right. this way. and here it is. completely networked. so, anything happening, suz? she's all good. oh, my gosh. is that my car? [ whirring ] [ female announcer ] the new community. see it. live it. share it. on the human network. cisco. >>> for our

. >>> and experts do not expect a tsunami in the solomon islands despite a 6.9 magnitude quake.ports of damages. "reliable source" begins at the top of the hour. we will return to fareed zakaria "gps" after the break. oh sure, we have plenty of employees that... you can label as "different." like janice. uh-huh. yeah. fashion deficient. and tom... copy incapable. it's open kimono time. looking good, dan. oh, we want to make sure all our ducks in a row. yeah. volume control syndrome. but we focus on the talent and skill that each person... brings to the team. i mean, no one's really concerned about labels. not even mine. labels get in the way. disabilities rarely do. visit thinkbeyondthelabel.com to evolve your work force. >>> now for our "what in the world" segment. for months there's been a great chill across the pacific. relations between china and the united states have been filled with unfriendliness. accusations of disrespect, upset over meetings, threats of tariffs, anger over arms sales. but over the last week, things have begun to warm up. close watchers of this show wil

caring or does this become a big problem like the all of the issues with wall street research or solomonrothers with the case against them in the early '90s or arthur anderson? >> well, there are lingering concerns and you can liken it to the european debt crisis and first dubai and then ireland and then greece and maybe portugal next. they don't go away and get wrapped up in a bow and set aside, because they linger in the background, so we believe it is too early to get back into the market. late last week we went 10% underweight to the markets after being bullish for a long timings because we believe we will see a pullback here of 5% to 10% and not just goldman sachs, but the last two earning seasonings we have seen sell-offs and concern about what the fed will tell us, and it is not quite yet to buy in this pullback. >> thank you to all three of you. we appreciate it. don't miss more of jim tonight. jim, thanks for being with us for the hour and he will continue to coverage of the fallout of the goldman sachs and give us the game plan tonight at 6:00 p.m. >>> don't nisz special report

. >>> breaking news in the south pacific, a major earthquake has rocked the solomon islands just off the coast of australia that measured 7.1. >>> terrorists and how to keep the most lethal weapons known to m mankind from getting into the hands of those who would use them. will a enthusiastic leer summit get it done? retired u.s. general barry mccaffrey, right here. hey, i'm jennifer hudson and i'm winning. winning at losing on weight watchers. i have never been this size in my adult life. so it's a special place for me. i'm so comfortable in my jeans. i love the progress. looking back and saying, "wow, look at the difference." and it makes me love myself that much more. i win. and you can, too. ♪ win, win, i win ♪ i win and you can join for free. weight watchers. because it works. >>> tiger woods going for the masters championship as he heads into the final round today at augusta national. and kerry sanders still at his post there with the very latest. kerry, with a good morning, what is he closer to a fifth green jacket today as you see it or not? >> reporter: he is but the fans ar

and another beautiful place, anne marie sculpture garden in solomons in southern maryland. it's a great place where nature and art combined and they have wonderful events all year. >> these are not just girl getaways. you can take your husband or boyfriend, so the men can come, too. >> exactly. there's even a trend. maybe we'll come back and talk about man-cations. >> jamie is all for that. >> don't leave them out. >> there's lots of wonderful things to do across the state. you can do them with just about any variety of people. >> why did you come up with this concept? are you just trying to get ideas for people to go places? why did you come up with it? >> actually, i think women do most of the travel planning so i thought we would give them a little something for them to do. then we know they will be busy planning summer vacations for families as well. >> very smart idea. if someone would like more information on some of the things we talked about today, where can you get more? >> start at our web site, visitmaryland.org. call at 866-md-welcome. lots of great information,

scott page of solomon page. we've been watching a lot of tech movers in the after-hours session.ut for true tech lovers this is the earnings week to watch. got them all. but the big daddy of them all is tomorrow. microsoft. out after the bell. so let's get an options strategy ahead of this bell whether. mike khouw of cantor fitzgerald and an "options action" contributor is in fact standing by. mike, you're fairly bullish on this stock. >> well, first of all, the stock has been behaving very well lately and it's obviously been moving up pretty sharply. one of the things i would highlight and the guys on the desk have already mentioned this, you know, if all you do is sort of meet the street's expectation, you can't really expect a whole lot more out of it. what i'm sort of recommending here is a bit of a stock replacement strategy where you can remain long but take some of the profits that you've already realized if you like to do that. what we're taking a look at here, over the past eight earnings quarters this thing has moved with a magnitude of about 4.86%. the options markets

. >> ifill: i saw you nodding your head when you saw the person in poll solomon's piece saying he tried to get his loan modified and could get to no help. what have you been doing to make ends meet? >> three years i've been waiting for modification. a trial period. turned down. trial period. turned down. start over. then more paper. fax more paper. mail more paper. pre-register. i have to go to the post office and send all the paperwork in. nothing is happening. working with catholic charities. hud certified which is one of the requirements of having them... the bank look at your loan. they still not working with us. now i'm hoping to use the new program for the unemployed and to see if something is there to help someone like me who may lose my home. >> ifill: you've been doing a lot of temporary work. >> temporary work. >> ifill: you've been selling cosmetics and cars. >> it's beautiful to keep my soul beautiful. >> ifill: whatever works for you. let's ask holy about it because you work with a lot of people who are in the same positions as these people. do you find they're all just cob

conyers: madam speaker, in recognizing solomon ortiz of texas, we also recognize him to be the dean of the hispanic caucus, and i thank him for bringing the attention of this really great texan and american to our attention and yield him as much time as he may consume. the speaker pro tempore: the gentleman from texas is recognized for as much time as he may consume. mr. ortiz: thank you, chairman conyers, for giving out a beautiful description of my good friend, dr. hector garcia, and thank you for bringing this to the floor. and i want to thank my good friend from texas, mr. smith, for bringing this resolution to the floor. madam speaker, i rise in honor and to honor an american hero who very well respected in the community. today, we honor the life and work of dr. hector garcia, a recognized leader for better health care for all texans, a legendary civil rights advocate and promotor of education for hispanics. my resolution 222 honors the lifetime of extraordinary achievements of dr. hector garcia, who lived in my congressional district of corpus christi for many years. his family i

solomon, maryland, 51. andrews air force base reporting 48 degrees. our forecast for the next couple of days no complaints are going to be accepted in the weather department. jerry edwards sunrise on easter sunday about 6:45 in the morning. good weather for that and great weather for baseball on monday. >> let's take to the air. chopper 4 checking things out for us. over on the capital beltway things very quiet inner loop and outer loop between i-270 and interchange at i-95 moving along very nicely. unfortunately we do have a mess up on 270 now with the accident irly still in the roadway, 270 southbound between montgomery village and interstate 370. police remain on the scene. those delays continue to grow almost back to route 118 now. heads up if you're headed in that direction. couple of extra minutes travel time will be required this morning. one more stop. look at that pretty picture along the gw parkway, northbound and southbound, between the potomac bridges and old town alexandria. >>> 6:12 is your time. as we move closer to easter the catholic

. >>> we are following some breaking news out of the of the solomon islands this morning where a majorquake struck early this morning. the u.s. geological survey says it was a 7.2 magnitude quake. however, scientists do not think there is a threat of a tsunami. the islands are a country of nearly 1,000 islands east of papua new guinea. >>> a week of mourning has been declared in poland. tens of thousands of polish citizens lined the streets of capital to pay tribute to their president killed early saturday morning in a airliner crash. there are reports the pilot had been warned that fog was too thick to land. robert moore reports now from warsaw. >> reporter: thousands of poles are maintaining their emotional vigil in central warsaw. taking strength from this display of national solidarity amid a tragedy that has so shaken this country. the presidential plane crashed in thick midmorning fog. apparently the pilot had rejected advice to divert. and was making his fourth attempt to land. the burning wreckage remained scattered in a forest just a mile from smolensk airport. even as russia

you know, solomon's temple of old that was there, the muslims have a mosque over that and no other religion over there and this is jesus is not the son of god. as far as israel goes, they have a minute piece of land there that god granted them and they are not a threat -- except those who have threatened to take them off of the face of the earth. host: georgia, independent. caller: how are you doing? i just wanted to mention two points. number one, this is a great country but for some reason the only thing we are really great at is destroying other places. going to other places -- week caused a lot of disruption. calls to buy germany because -- host: i'm going to let you go there. we welcome your opinions on politics -- when you start to castigate and individual or group of people simply based on their religion or their ethnicity or nationality or the color of their skin we are going to move on. host: let us move to texas, shirley, a democrat. caller: i am here. i would like to say the two countries we are most concerned about having atomic bombs or nuclear power is iran and north korea. an

. >> school board members are expected to possess the wisdom of solomon but it is left to the classroom teachers to work with the consequences of those cuts. >> i am going to talk about my class. this year alone, two of our kids are going through a divorce right now. one of them had a brother who committed suicide. one of my boys is acting out because his dad is in iraq. but they have nobody to turn to. sometimes, the social worker will pitch in but our social worker and psychologist are only here rarely. >> we are split amongst two or three schools each. the time that we have it any one school is not a big chunk of time. it is difficult to do a lot in that amount of time. they are left in class feeling frustrated or struggling and their teachers are having to deal with them and class and there are not paying attention. it is a struggle. >> you cannot always see. you can ask if you would like to go talk to so and so but they did not always happen. >> it is too soon to assess the impact of these cuts. educators agree that it's as the groundwork for learned to follow. what if students do

indonesia initiated and has become our collaborative effort with malaysia, philippines, new guinea, solomon islands and. world's richest marine biodiversity area in our region known as the am pa son of the seas. lives of 120 million people are around this marine area is dependent on it. in the same spirit of conserving our marine and coastal resources, we hosted the ocean conference which australia strongly supported. we work with australia to insure the ocean issues in the copenhagen accord. >> talk about health and hospital policy in this parliament. third thing i'll say about it, members opposite, members of this government should stop telling lies about the --. >> order. order. let, leader of opposition will withdraw. >> mr. speaker, i withdraw and i should say they stop telling grotesque untruths about the howard government and every single year between 1996 and 2007 health and hospitals funding in this country from the federal government went up and went up massively. now mr. speaker, i don't claim to have been unnecessarily the world's greatest health minister because i'm not that, i

solomon. even though the cold war ended about two decades ago, we still have, as i indicated, about 25,000 nuclear weapons in the world. 95% of them are owned by the united states or now russia. we are now operating under the strategic offensive reduction treaty, also known as the moscow treaty. it requires the u.s. and russia by our agreement to have more than -- no more than 2,200 operationally deployed strategic nuclear weapons by 2012. but it does not do anything to restrict nuclear delivery vehicles -- bombers, missiles, submarines. and it does not have any verification measures, and it expires in 2012. now, a few weeks ago, president obama and russian president medvedev met in prague, the czech republic, and signed a new strategic arms control treaty. it's called start. it limits each side to 1,550 deployed nuclear weapons, 30% lower than the existing treaty. it limits each side to 800 deployed and nondeployed icbm launchers, slbm launchers and heavy bombers equipped for nuclear armament