stearns of florida and mr. shuler of north carolina and supported by more than half of my colleagues in the house of representatives would allow people with a valid permit or license to carry a concealed handgun in any other state that permits concealed carry. this is a policy akin to allowing licensed drivers from one state to drive their car in another state so long as they obey the local laws. madam chair, clearly the constitutional right to defend oneself from one's family shouldn't be limited to when you are at home. criminal have always preferred unarmed victims. conversely, law-abiding citizens cameble of defending themselves and their fellow citizens safe innocent lives. to give one of countless examples, in 2007, a man in colorado wrote online, quote, all i want to do is kill and injury as many christians as i can, closed quote. he then went on a shooting rampage, first killing two young students at a missionary training center outside denver and then at a gathering of over 7,000 people in and around a

got a waiver of that ironically it was called the bear stearns waiver bear stearns lehman merrill morgan and goldman the only one somehow exempted from that law stop and think about what that means here is a lot applies to everybody except you five guys who happen to be the single biggest donors to congress and that by the way that waiver was granted by the security and exchange commission the basil rules for depository reserves how much they have to hold what's fascinating about those is that they've been whittled away over time so the amount in reserve has come down fairly substantially which allows their leverage to go up so anything that gets in the way of profit regardless of risk there is a lobbying effort to try and reduce that it was very successful with the s.e.c. it's been somewhat successful with the federal reserve and the f.b.i. see and that's why there's so little capital in all these banks both in the u.s. and europe in fact the underlying cause of the entire global headache that we're still dealing with is too little capital too much leverage all right. though the law is

stearns. i was saddened to hear comments of ranking member waxman just now. we can argue over conclusions and interpretations of fact documents, but we shouldn't argue over whether the american people through this subcommittee have the right to get those documents to determine what the facts are. ranking member waxman voted against the initial subpoena. i believe every member of the minority party did that. and based on his statement it appears that he's going to vote against this issuance of subpoena. that's sad. again, we got a long history of this committee of working together to get the facts and then having very spirit debate and arguments over just what the conclusion should be derived from those facts. mr. chairman, we're here today because since early this year. we've been trying to get the facts from the obama white house and they have steadfastly refused to cooperate. that is a fact. that is not a supposition. we want to know what changed in january of 2009, the bush administration d

their own gambling divisions and they gambled with it in the derivatives market which is why bear stearns for whose name this exemption was crafted that sold for pennies on the dollar and their bets went bad and they couldn't cover the forty to one margin calls the idea that overregulation caused this mess is so far from reality that even birth should be laughing at the idea deregulation letting the banks tears run wild letting the so-called free market be free that's what caused this mess and now these free market hucksters have created this big fat lie to cover it up and joe walsh is one of those liars whether he wants to hear it or not. why for me but i for one i think . are going to ask. you this maybe walsh has spent a little more time listening listening to the people who have actually studied the meltdown instead of listening to his campaign contributors out of wall street. i'll give him lots to repeat. as the big picture for tonight for more information on the stories we covered visit our website at tom hartman dot com free speech dot org and archie dot com also check out our two

all of this tracking the various attempts by police and other officials to suppress the press josh stearns is an associate program director at free press he's in northampton massachusetts. hey there josh how many examples are actually out there of the numbers in the process of journalists either being arrested or pepper sprayed or being kept out of the way i wish i could count the number the total press suppression is. almost impossible to count this point right now we know that twenty six journalists have been arrested and thirteen of those who did it in just the last week in new york while and i want to talk to you about what you've seen in terms of the methods in which journalists are being prevented from covering occupy wall street across the country of course their arrest as you mentioned there are also journalists i read being put in chokeholds but it seems like so many are simply just blocked access talk a little bit about this that's right that's one of the most agri things here is the fundamental and direct meaningful way in which the york city conspired to keep journalists out of

of bear stearns they they got. so you would think that is. a blatant current conflict of interest but the trouble is there is so powerful that nobody has the clout to do anything about it so dennis kucinich has proposed legislation to basically have the treasury department by the federal reserve from the banks or just take nationalize it. has that been done by other countries in the past is that something that would be a good idea. i don't think it has been and i mean you could say they're countries that sort of started out that way like china. or for the united states and i mean it yeah they're certainly countries that have borrowed from their central bank directly and then the central bank just printed the money like canada but but it will they keep the books in such a way that it looks like they owe the money back even though they continue to increase the debt and where we've been at ourselves where the debt has gone up or not but i can't think of any country except obviously colonial america that's what we did

rest the federal government ok no no i would i would like to arrest whoever was promoting the bear stearns exemption but show me a lot of areas where it's exemption up until that time in two thousand and four every day and all the way back to one hundred thirty five banks could not but and investment banks gambling banks could not borrow and could not gamble with more than twelve times what their asset base was you have to bear stearns exemption it allowed five banks piers turns j.p. morgan chase. goldman sachs one of the it allowed five banks to rick perry i know it wasn't a lot of five banks to to a volunteer really follow the rules and they went out of forty to one leverage and then they got caught maybe designed to be the first person. that's the way it was i write down what about what he says it was already for a while remaking but i think a lot of that part of the problem is that there weren't any last program and i would say it would be catastrophic of not all of this was a change in policy that was done by the f.c.c. under the bush administration. has more will never be my battery

stearns of florida and mr. shuler of north carolina and is co-sponsored by 235 members of congress on both sides of the aisle. this landmark legislation recognizes the importance of the second amendment and makes it easier for individuals with concealed-carry permits to travel to other states. 49 states now allow concealed-carry permits and 40 of these states extend some degree of reciprocity to permit holders from other states. this apply the states' reciprocal agreements nationwide. this allows people to conceal firearms to recognize other states' valid concealed permits much like other states recognize drivers' licenses issued by other states. it determines eligibility requirements for their own residents. state, local and federal laws and regulations regarding how, when and where a concealed firearm can be carried that apply to a resident will apply equally to a nonresident. for example, many states bar individuals from carrying firearms in a bar, at a sporting event or in a state park. under this legislati

according to cliff stearns, new documents revealed today, show that the white house misled investigateone knew about the half billion-dollar loan. according to an email, solyndra kim up in a meeting in d.c. with administration officials and that all of them assured kaiser, quote, it was one of their prime poster children. oh and by the way, george kaiser happens to be one of barack obama's top campaign donors. here with more details on today a document dump, the author of the number-1 best seller, culture of curpgz. before i get to that... tonight was history. earlier had this debate with the republican candidates, when the media tried to attack herman cain, they were boo'd. nearly boo'd off the stage. they tried to drag mitt romney in. boo'd. they said they were going to get back to the economy -- cheers. and it was -- at other moment this is happened. what does this tell you about where we are in terms of media, the impact of media bias now over the years and people's -- awareness of it? and the willingness to call them out in person on it? >> yeah. sure. well, it's the conservative

the issue, corzine had with financial companies like lehman and bear stearns wasn't so much the risky bets, it was how little collateral, cash on hand, that they had to support those bets. so even a small mistake could bring down an entire firm. i believe the street term is "overleveraged." >> i think people need to understand where leverage is. >> extra leverage beyond reasonable bounds is what has gotten us into this problem. >> the more transparency, the more controls on liquidity, the more controls with regard to excessive leverage that build up in the system is the kind of regulatory scheme we need. i support it. >> jon: that is jon corzine gnchts. (laughter) in april of last year clamoring for regulation to prevent wall street firms from doing this. >> m.f. global was leveraged at a race of 40-1. that means for every dollar of equity it had, it held nearly ny $40 of debt. >> to put in perspective, lehman brothers had leverage of about 30 or 33-1. >> jon: mother (bleep)er! (laughter) (cheers and applause) let me just get this straight. (laughter) politician jon corzine saw lehman

. >>> and number two, david stearn and the players rep bill hunter haven't been able to agree on having to divide four billion. tell that to the unemployed those without insurance. can there be a bigger turkey? >> that's the best week of my life. >> yes there can. caddy steve williams dumped by tiger woods and won his first tournament with adam scott but come on after winning 13 majors, with tiger he ran his mouth, using racial comments to get his point across. the irony, it was last november just after thanksgiving that tiger had the -- that incident with his -- two years ago. >> not good. >> there is a longer list but we didn't have time. >> plenty of turkeys in the sports world and news world. >> that may weather sucker punch was bad. >> .the turkey in the oven by at least one . ,,,,,,,,,,,,,,,,,,,,,, to an early thanksgiving meal today. the zoo set up elaborate ta . >>> treated to an early thanksgiving meal today. the zoo set up the table for the 15 animals. they have bad manners though. the -- they clawed their way through fruit salad, green beans and a turkey made of monkey food w

why they're getting a stearn ward from regulators. >>> and the president got hackelled on the road andear the issues. >>> and the decorations are expensive and look at the most expensive tree in the world. this tree made in tokyo out of pure gold, and worth 2 million.  >> president obama mitting the road calling for a new -- hit hitting the road and calling for new tax cuts following the supercommittee's failed negotiations. and meanwhile, gop presidential hopefuls get ready to debate. he's more from washington with craig bosswell. >> reporter: president obama touches down in new hampshire, a state he has not visited in two years. >> hello, new hampshire. >> reporter: interrupted by shouting from a group frustrated with the economy, he calls for an extension to extend pearl taxcuts and said if gop lawmakers try to block them, the middle class workers will pay the price. >> voted no on my jobs bill and tax cuts. in the spirit of thanksgiving, we're going to give them another chance. >> reporter: in washington, there is plenty of finger pointing between democratting and republicans afte

here's a moment with the head of the inquiry, congressman cliff stearns asking him if there are other solyndras around. >> guarantee in national trouble, yes or no. >> as i said it's very hard to predict what will happen. >> just say no an. let me ask you this. are any of them in high risk? >> there are different -- >> you're not answering the question. mr. secretary -- >> high risk, you know, mr. allison is going to come back and tell us which ones are in high risk and which ones could go under. are any of these loans going to go bankrupt in yes or no. your opinion. >> and that's pretty much how the morning went. the committee has e-mails that indicate the department of energy knew solyndra was in deep trouble and continues to fund the company anyway. that itself is not a smoking gun. dr. chu pointed out when his agency discovered it was in deep trouble, it had a choice, allow them to go bankrupt immediately or lend some money in hopes of saking it. they decided to give it more money. what will be a smoking gun is if the house can directly tie the decision to fund solyndra and that n

bear stearns was the first domino to fall and the bank that got bailed out, some people think it showsnk we -- meaning u.s. and europe, should let greece fail and we should deal with the repercussions. greece will become italy will become spain like bear stearns became lehman brothers, fannie mae, freddie mac and we saw how that spiralled out of control. most people think bailing out greece is the right and necessary thing to do. there are influential and credible people who think they should be allowed to fail. >> it's a potential nightmare. i know you will have more coming up on your show tonight. i want to alert our north american viewers. in addition to this, erin has a special guest, the miracle on the hudson captain, captain sullenburger. we have the video coming up this hour. you will speak with with sully at 7:00 p.m. eastern. erin burnett "outfront." thank you. >>> in the presidential race in the united states republican herman cain's denial of sexual harassment is a bit more detailed today. more confusing to some at the same time. stand by to hear another large portion of his

cliff stearns saying energy secretary steven chu should go. just think he has failed the test and in my personal opinion i agree with dan carroll's e-mail at this point he should probably be replaced by the president. dan carol is the former obama campaign adviser suggested chu be replaced back in february. former, or cliff stearns is the florida republican who is a member of the energy and commerce committee. sir, welcome back here to "america's newsroom.". strong words coming out of hearing yesterday. why fire chu? >> bill, if anybody listened to the hearing you realize has solyndra fell into bankruptcy, secretary chu failed to sound the alarm. basically most of the questions we asked him he was unaware or would look into it. and when you look at what happened with the subordination where he actually went to an outside law firm here in washington to get an opinion and that law firm initially told him it was not legal for him to subordinate taxpayers to $535 billion. so that two hedge fund could get paid, he somehow, --. bill: 535 million, no

of the world practically that's right they pick that they inherited that when they took over bear stearns that's correct now max with this in mind i'm looking at this next headline from the china money report thief in china scolds women for having nothing of value to steal so women in china woke up and found an intruder in our apartment in the middle of the night but rather than run away the guy stayed there and the thief launched into a tirade cast sizing the woman for having nothing of value to steal he criticized her for more than ten minutes telling her she needs to get educated work harder and accumulate some kind of wealth before she gets old the man went on i am but a simple thief yet i have more than you so i thought this could possibly be jamie dying when he read that there was all this silver going to try and he was like a cat burglar around looking for some silver to meet a snake in short physicians well i think something a lot of the translation actually because the woman who was actually sleeping on a mattress filled with u.s. dollars and as the thief pointed out there's no v

might as well figure out a better way to deal with it as a program director and free press that josh stearns want to thank you so much for weighing in on everything you've written us. also had here on r t it's time for some chinese take out american style u.s. lawmakers are putting on their boxing gloves and taking swings this time in the form of economic theory mongering coming up we'll take a look at the real motives behind this great tension. with the loans back you raised all the way to about with that nothing people are suggesting she's told her you'll see. she said. r t is the state run english speaking russian channel it's kind of like. russia today has an extremely confrontational stance when it comes to us. well it's now official the super committee the team of six democrats and six republicans charged with cutting one point two trillion dollars from the budget is a super failure president obama announced just a short time ago that the committee did not reach an agreement and he said he will veto any attempts to eliminate the automatic spending cuts that go into effect as a result o

affected they have other stearns makes it even more difficult. we hope that they're able to come together as a family and we are here to offer whatever we can in terms of facilities and support. >>pam: the flags in town were flying at half staff today. joshua will carrel was a 2010 graduate at san ramon valley high school where he was on the football team. >>gabe: it is almost holiday shopping time i have a way to get gift cards for less, i am gabe slate in that is coming up in my tech report. ♪ ♪ [ female announcer ] we know you've got a lot on your plate at thanksgiving. which is why safeway has everything you need to get it all done. right now, get a safeway frozen turkey up to 12 lbs, for just $5 each. cook your thanksgiving turkey perfectly with our free chef assistant app. it's foolproof. safeway. ingredients for life. >>reporter: here at the solano county superior courthouse in fairfield, henry albert smith the man accused of killing the police officer jim capoot made his first court appearance. his case was postponed until next week to al

who work for a who's who of people on wall street involved in a boom errors in the boss from bear stearns to goldman sachs i'm sure those bolts do we really trust them to figure out how to you know implement these best practices in cost cutting measures in a way that's fair and. i think we've seen the house work out before now i think that that's a really good question but i don't want to for you then since this is a government created town created by donald rumsfeld are we paying these people or my taxpayer dollars are taxpayer dollars going towards their salaries anyway. it's an advisory panel which means they don't cool down a salary they do have a staff that is paid they do have a secretary and a couple of people that keep their records and you know sort of mundane pay liaisons with the with the american public but they themselves you know they're they're already getting six seven eight eight figure salaries from wherever their day job is. the big thing here is why they still exist listen to the panel about how to chew your charter and run so certain two thousand want to extend we kne

tipoff to the new season they had let a few of these drop dead dates come and go but commissioner stearnslly did want to lose those christmas day games and now apparently he wong, the new deal will mean less cash for the role players i think it's still new enough that not even stern has the details down pat. >> we are optimistic that it will all come to pass is that the nba season will begin on december 25th christmas day with a triple header. but i won't give you the details. >> assuming everybody signs on this is a tentative schedule of events to have training camps opening on friday december 9th and a free agent signing beginning that same day, i am guessing there will be a preseason game or two and then away we go on christmas day with that commissioners triple header which includes the balls into lakers. a 66 game regular- season, much better than they had in 1999 after the last walk out. loyola crack open the newly renovated gen taylor ran against florida and they have been waiting awhile for this. loyola wins its first of the year, 54- 40. the alumni put a cap on their totally symm