i would simply observed that the other high-profile cases were lehman brothers, bear stearns and aig none of whom were commercial banks or did any commercial banking business as far as i know. i personally don't think that they played much of a role-play will brole-playwith the first pt looked at it more carefully. as far as what we found in our research in the 30s which was the initiation of glass-steagall before i started looking into this, i thought that history was that there was and stability that washed over from the investment banking side of because of those days they had already but we found no evidence of that. they got into trouble in the late 20s and early 30s, but it was the international side. germany, chile, a number of other countries and that put them on the day they got money from the reconstruction finance corporation. maybe i was just naÏve going into the. there was no spillover and that was kind of an urban myth that hopefully we can work to bestow. they've tried to too often make a point that one instrument being regulated than another. anytime there was a big p

director hines you're going to has something special for the students the wartime diaries from the stearns regiment and imperial edict decreed that all the day's relevant events must be recorded rebecca and christoph have found an entry from november first one thousand and fourteen the day that bank will stare and die but they can't make out the archaic handwriting. yeah i'd take practice. this experienced historian helps out. and every planes dropped bombs on the column last two wounded one of them borrowing the driver. rebecca has an idea. that was the first sentence from the regimental diary for his last day. but who was henry stinko stan we can find out something about his service and how he died so we're working in reverse. now the students have a week left to write the speech that they're set to give a thankless daryn's grave in flanders. a few days later they're on the bus to belgium polishing the speech which will be given at a memorial ceremony at the german military cemetery in long amok. rebecca is taking part in the peace and commemoration project on her own time her history te

>> lehman brothers, bear stearns. >> i think you're question is a very good one which is should we make bailing the law of the land? yeah. -- should we make failing the law of the land? yeah. we should make failing the law of the land? make them, especially the executives, putting their money first, before we put in any money. and i think that will begin to change behavior. i think -- i know this is the last question. paul voelker this morning -- i promised somebody i would comment on this, so i'll tie it back to your question, paul voelker this morning advocated for more supervision, and i couldn't agree more. it was nice to wake up this morning to that level of support. so what i'm advocating. and interestingly enough, he depressed advocate for the federal restore be the supervisors and to have the federal reserve to have more supervision powers and that's right. they need to be stripped. they have enough monetary policy, and i think as people we need to make this happen. >> thank you. [applause] >> thank you. i'm sorry. >> i'm sorry. >> i didn't say that was the last question. >> i'm

my heart stearns third. day within. couldn't seem to me. or are. you know me. there are references in later life has to prostitutes in paris in vienna in italy and federal fund in the same tone i had a wonderful night he was absolutely wonderful and gorgeous and then waking up with something of a moral hangover a way he thinks oh goodness i shouldn't do this and thought long sentence he said he did i know lot of the power of love but not its happiness i think he couldn't enjoy the situation without feeling regrets or you. yeah. yeah. there's much to be found inside kosky that's heroic and there's much in the accomplishment of such and such a artistic feat that would seem to be the work of the hero but i don't find in tchaikovsky a personally heroic person and i don't i certainly don't think of him as a russian hero his music is new. either of the west nor russia but a of humanity. home was there. was. the. clown who is it. is you. him address which has documented a large number of vicious attacks and aggressive harassment of l g b t r lesbian gay bisexual and t

stearns. i select. the issues if we think about some of these from you can we start this is the point here is not. will it look at it as a comprehensive package and when you have an expected family planning program it should be able to address both the concerns of side effects and the potential side effects that might come from the planning programs when properly integrated with the health service the louvre system will be able to address all of those there is a difference between that and making the point that indeed in many african countries we still struggle we call health systems that are not able to meet the needs of the people and when you think about those poor health needs the question is does family planning programs exist to break those existing problem is this really helping to make a difference in helping women be able to achieve what the thrust and the desire have all so i would make the point that it is mother family planning program responsibility primarily to ensure that we have effectiv

type of risk crazy risk in the spring of two thousand and eight the seventy five year old firm bear stearns one under bankruptcy it was a shock to many that this well established firm would take such a deep and devastating dive and it had many of us me included at the time to see if to see wondering what it might mean was there more to come and there was. and it was lehmann brothers which became the financial straw which broke the economy's back for more years or to slash. what over six hundred billion dollars in assets and a little over six hundred billion dollars in debt lehman brothers had to file bankruptcy making it the largest bankruptcy filing and u.s. history and the first week of september lehman brothers management made unsuccessful overtures to many potential partners as a result their stock plunged by seventy seven percent the company would continue to see this trend to as its hedge fund clients started pulling out and it short term creditors began cutting credit lines by the end of the second week in september and brothers was left with only one billion dollars in cash leaving

. >> and lehman brothers and bear stearns? . >> that is of a request one - - a very good one.to make them the executive and i think that will begin to change and i think i know this is the last question but so to go back to your question and then to advocate for more supposition and i could not agree more. and interestingly enough and to have those powers that is right. but that is enough of monetary policy and then we can make it happen. [applause] . >> i'm sorry we are out of time. we can do more questions during the signing. thank you very much. we have your book behind the register please form a signing line and fold up your chair. thank you. [inaudible conversations]

lynch is now owned by bank of america or paine webber dean witter smith barney lehman brothers bear stearns all these shops have been bought up by a few majors and so they gave and you have a deed democratization of wealth and number of people who own stock shrinks and need to have this plutocracy running the show and but i don't think they're going to suffer any extended period of losses you know there will simply kowtow and leverage the central banks to give them what they want which would be another fifteen to twenty trillion dollars of free moving you know there is a quote here that there isn't an industry that doesn't have something wrong with that everything's been hit ford pitt senior portfolio manager ken for she told bloomberg that there is one sector that barely moved as barely moved the last five years and wall you know apple and amazon a been down like thirty percent from their all time highs a month ago while it was having seven percent down day six percent down days and up and then down gold has been fluctuating between twelve twenty and twelve twenty five. this whole time so

. >> and lehman brothers and bear stearns? . >> that is of a request one - - a very good one.to make them the executive and i think that will begin to change and i think i know this is the last question but so to go back to your question and then to advocate for more supposition and i could not agree more. and interestingly enough and to have those powers that is right. but that is enough of monetary policy and then we can make it happen. [applause] . >> i'm sorry we are out of time. we can do more questions during the signing. thank you very much. we have your book behind the register please form a signing line and fold up your chair. thank you. [inaudible conversations] . >> with the andrew johnson like president somebody who has impeachment swirling around him, and somebody not able to heal a racial divide in the country. >> there is a real animosity between the president that as early as john adams he is the person who is petitioning toward the sedition act. that tries to prevent criticism james freeman writes about citigroup in the history of government bailouts taking pa

becca stearn is here towi help t that process.'ve got a great looking dog available for adoption here, kenny. >> thank you for having us. >> keen hnn has sort of a big h on him. what do we think the mix is? >> we're probably calling him an american bulldog mix. >> he's very excited to be here. >> he is very excited. trying to visually identify a breed can be very accurate. but if you live in a complex or your landlord requires it, it can be good to have on the paperwork. >> you said a little bit of motion issue on the way ove here. >> he got a little bit of motion sick initia sickness. id choose to climb into my lap during the ride, which was fun for him. he's a little heavy. at least he kept me warm. >> do you know how much kenny ways weighs? >> around 80 pounds. >> he's got a great disposition. he'll make a great f pet someone over the holidays. >> heill. >> our adoption process does not change. on friday you can name your own adoptiones >> if you have a little extra money to spend and you feel likr making a bet donation, that w

last, you could argue you had bear stearns and lehman brothers and allow a cleansing process where everybodywent bust and that's the biggest penalty and then you would start fresh. to answer the question if i remember them if frank dodd we need to strip the power away from the federal reserve. we are paying a lot of taxpayer money for that. second question, credit exams which is another way of asking has anything changed in the ensuing years. the fact that david solomon became the ceo of goldman sachs is all that by the end of the american people need to know. i have plenty of recordings to remind me if i had to forget. why is it misrepresented when the books make it clear they would disagree as to how many livelies are in the book but ths at least one. i would say the fact that they have the power to stop that from happening and they didn't stop it from happening tells you everything that you need to know about the credibility of those exams if you will. and the third question asked >> your question is a good one should we make it a law of the land clicks yes. make them especially executive

. >> i have stearns no change at all. i mean, i'm driving my car and i'm going bumping down the road. where did the money go? >> reporter: the state transportation commission has already approved 9,200 projects across the state funded by sb-1 money. that will stay funded because of what voters did yesterday. matt keller, abc 7 news. >>> matt, thank you. our website a great tool to find every single race that matters to you. we have every local county covered, plus all the state offices and proposition. it is very easy to use. abc7news.com. in fact, if you look at some of this on our website on the right-hand side, you'll see 2018 midterm election results for california and the bay area. again, you can see it all there online at just a click of a button. now let's check our weather. hi, mike. >> hi, jessica. hi, everybody. never more than 7 minutes away. half moon bay, 39 degrees. 45, redwood city and foster city. san mateo, 48. belmont, san bruno and also san carlos in the 50s. look at that. 41, palo alto and san ramon. s

[applause] and following gen jean stearns s never a good idea. anybody that's been in elected life always needs a fault in production. [laughter] anyway, thank you all. i join you in welcoming us to the greatest city in the world miami dade florida. [applause] we've spent a lot of time together over the years that i wanted to get into a little bit of your book. i was telling you before i think this is probably one of the most honest memoirs i've read of anyone in public life and so i think i would like to start off with what compelled you right now to write the story about your life, your difficulties, your ups and downs. what was it about this moment you want to focus on. >> i want to thank everybody. i'm honored to be here. i used to come here so many times through the years and normally try to find the time just can't do it today. even in the campaign and i want to thank kirk for his service to the country. he served in singapore as the ambassador and did an outstanding job and became equally famous in singapore. a great statement of independe

[applause] and following gen jean stearns s never a good idea. anybody that's been in elected life always needs a fault in production. [laughter] anyway, thank you all. i join you in welcoming us to the greatest city in the world miami dade florida. [applause] we've spent a lot of time together over the years that i wanted to get into a little bit of your book. i was telling you before i think this is probably one of the most honest memoirs i've read of anyone in public life and so i think i would like to start off with what compelled you right now to write the story about your life, your difficulties, your ups and downs. what was it about this moment you want to focus on. >> i want to thank everybody. i'm honored to be here. i used to come here so many times through the years and normally try to find the time just can't do it today. even in the campaign and i want to thank kirk for his service to the country. he served in singapore as the ambassador and did an outstanding job and became equally famous in singapore. a great statement of independe

. >> how about stearns?reporting on the run off for the last senate seat that is still outstanding. it's mississippi where the current republican senator is now saying i'm sorry nor, well -- you'll hear it. then we'll get a preview of the 2020 presidential election. really? which democrats could be trying to get in on the action. it's too early for this. plus a look at what it takes to become speaker of the house and why technically -- listen now -- the next speaker of the house doesn't even have to be elected to the house at all. george woke up in pain. but he has plans today. hey dad. so he took aleve. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. mike and jen doyle? yeah. time for medicare, huh. i have no idea how we're going to get through this. follow me. choosing a plan can be super-complicated. but it doesn't have to be. unitedhealthcare can guide you through the confusion,

and epstein gave unknown information to investigators regarding two executives with bear stearns thatled in 2008. acosta said he felt pressured by epstein's powerful legal team including alan dershowitz and when starr. the herald believes that acosta had a good working relationship with epstein's legal team to lesson jail time. ten years later, epstein may yet find himself back in a federal courtroom. martha? >> martha: thanks very much. trace gallagher in los angeles. here's charles heard from the washington and juan williams. gentlemen, welcome to both of you. we all remember this story. the details of it were incredible. you know, he had all of these places around the world and these underage girls that were brought in and his friends, high powered, big names, many of them. it was just -- when you heard he got 13 months, it was a little hard to imagine that all of those charges could boil down to that. now you read this piece, very good reporting by the "miami herald" and you look at this and the me too moment that has followed really wasn't understood way in full swing, i guess yo

with the key allies particularly of france britain germany and the united states of america and this stearnsturkey is now hoping after a lost hope that it will be able to fight to get hold of the remains of. the next step would be to convince crucial our allies particularly the united states of america that is about time to put more pressure but we're talking about two countries beset by. turkey and u.s. beset by many differences over key regional players and it remains to be seen as we're going to see in this report whether or not trump would be able to set aside their differences. it's been more than a month since he was killed but the. case has turned into a political crisis threatening to further strain relations between saudi arabia and turkey. which is keeping up the pressure on the saudis to prosecute those who carried out the murder and find out who ordered it shared crucial evidence with the united states in an attempt to rally international support. turkey hopes a meeting between president donald trump and russia. will pave the way for more cooperation mr trump's house on this case

during the financial crisis or leading up to it where you started to see a lot of operations like bear stearnsd blame and start to crack and show fishers. david: this is a softening of the housing market. not necessarily doom and gloom. >> it doesn't compare to 2008 at all. the housing market in this country for whatever could be millennialthat could be people pushing it off. >> bella kneels. >> there's a lot of different reasons. i wouldn't go out of my homebuilders, but i'd be very confident they'd rather than being a momentum curator, buying a house in united states of america is a good investment for some and he needs to live in one rather than rent it. >> no one else we always blame them for everything, but housing debt amongst the older population is still really high and that's a concern. the other concern going forward as california and the number of homes destroyed there. that could be a boom for the construction market in housing numbers going forward, too. maybe that's something they could play on the upside. >> when i referenced millennia else, i meant that they are not out buying

you can go back the last 20 years, world economy in the united states, bear stearns on wall street, wppushed aside. we have to see how this plays out. i think at the end of the day looking at the stocks of renault and nissan today and mitsubishi, his latest alliance partner, it may mean that his alliance that he spent the last 20 years building could unravel. i know that we have statements out of japan suggesting they'd like to maintain close ties with france, but do renault and nissan stay together therefore afterwards is a big question mark today. >> the shares are taking a pounding. i guess the bigger they are the harder they fall. no more true than this case. john, thank you. >>> well, it might not be a small, small world for much longer. disney is betting big on a massive expansion in which theme parks and resorts, all the details next here on cnn newsroom. ninety-sixe are over hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the was

i think a great way to kind of test how to let them fail would have been march 2008 letting bear stearnso, 17th largest -- >> exactly. >> by the way we shouldn't let this segment go without pointing out that maxine waters family benefitted in part by the bailout because her husband had been seated on the board of a bank that received 12 million dollars. she had to face an ethics committee. they cleared her of any ill will in that regard, but again, sometimes politicians have a personal stake in these bailouts. >> and i think -- >> exactly right. >> sorry. >> no, i'm just wondering why we haven't allowed banks to fail, large or small. why does government need to get involved at all? why do they need to get involved with this sector? why do they need to get involved with the internet? the free market does a pretty good job of weeding out the winners from the losers. >> it does. >> people actually went there in a crisis instead of fleeing from it. >> remember 2009 came right after a whole new series of regulations, banking regulations were put into effect. so those regulations didn't stop t

stearns. i select. the issues if we talk about some of the sub let me start this is the point here is not. will it look at it as a comprehensive package and when you have an expected family planning program it should be able to address both the concerns of side effects and the potential by the firms that might come from the planning programs when properly integrated within the health service the liberal system will be able to address all of those there is a difference between that and making the point that indeed in many african countries we still struggle with whole health systems that are not able to meet the needs of the people and when you think about those for health the question is does family planning programs exacerbate those existing problems is this really helping to make a difference in helping women be able to achieve what the prosperous and the desire have zero so i would make the point that it is mother from the planning program responsibility primarily to ensure that we have effective hea

in stark contrast, other large financial institutions like aig and bear stearns as well as auto manufacturers, were deemed too big to fail. and that was a determination was made by the government and consequently received multibillion dollars of bailouts at the extense of u.s. taxpayers including my iowans. i was and remain highly critical of the government's using troubled assets relief program to pick winners and losers. these actions created substantial uncertainty in our financial markets. the market didn't know when or where the federal government would intervene next. according to many reports, our bankruptcy system wasn't equipped to handle the resolution of a large financial institution like leh man, in fact, certain bankruptcy provisions may have made things worse for the overall economy. the failure of the bankruptcy system has also been cited as a justification for bailouts. in the aftermath of the financial crisis, congress enacted dodd/frank. it created an agency driven process similar to the ftic's existing bank resolution process. in addition, the dodd/frank act called for an e

our panel in, nick confessore with the "new york times," and scott galloway, a professor at nyu's stearns school of business and founder and ceo of the business intelligence service, l2. nick, first of all, stunning reporting. congratulations. for you, what is your biggest takeaway in all of this reporting. what should we be focused on? >> this story, a team effort by five reporters for months and months, is the story of a company that built a machine and didn't quite understand, couldn't control, and tried to hide the problems with, because it was making them so much money. i agree with sheryl sandberg and what she said there. it is very hard for a private company to insert itself, take the place of the public square, and then try to have rules around that in a profit-making enterprise. >> nobody said it was easy, but that is their job. >> but that is what they have done. and that is the crux of the problem. the same thing that makes facebook so profitable and makes it so much money, the fact that they know everything about me and you and what we like, what we respond to, what we share i

bear stearns, lehman brothers, where some of holding the ceo in selecting these guys.eally that independent. so it is, it is a lot of, how can i put it, it is not what it is cracked up to be, neil. neil: all right, my friend. charlie gasparino, we'll see how that goes. a fed minutes coming out very soon, charles payne, next two hours, those minutes, interest rates and everything else. charles? charles: thank you very much, neil, as you see from the market, it is on pins and needles. good afternoon, i'm charles payne. this is "making money." federal reserve will weigh in. they always have the two-day meetings. we're waiting for insight into what their plans are. conventional wisdom holds that they will not hike rates, but there is a lot of anxiety what happens from here. remember in september when they did raise rates, chairman powell said the economy was strong. now, here is edward. >> fed fund rates remains unchanged at 2.25%. fomc statement says they're setting up for a december rate hike, they are expected gradual increases will be consistent with economic expansion