>> what is the the hillary clinton -- tim geithner and i did those one on my ipad but, new book is justice minister will go back santry read a couple of assessment of lot to me one of them was the moviegoer. that was by my bet right now >> i in the executive board director for the simon & schuster imprint so i oversee and design the imprint and there are all different types. >> host: you do the covers of books? what goes into a cover of the book? >> usually from the editor we find out what the of book is about. it is a manuscript. and you get a flavor of what the voice of the author is. and from that we have the discussion and the author do they have a preconceived notion is of what they're looking for? it is so is good to hear that from. you get a sense of of a six. and then what that would be facing. >> host: started with senator web i heard my country calling. how did this develop? >> this is straightforward it is a story of his and his father's years and and we knew with these photographs to give it the illustrative space install logic feel. >> what went into your five partnerships? th

autobiographyan's as well as tim geithner's right now. it is clear especially with geithner that the fed did not do enough to regulate. the federal reserve, one of their responsibilities, not just monetary policy or money supply, is regulation of the banks. and they did a very poor job. talk aboutant to canada and australia and some of these other countries that did not have a problem and why. because the regulators allow the -- they knew they were happening. timothy talks about it in his book. they knew it was going on and they allowed her to take place. you talk to the canadian authorities. they said, are you kidding? that is against the prudent man rule of banking. and so, it's inexcusable. it's inexcusable. the other thing is, greenspan did make, this whole idea -- whenever there is a crisis of injecting liquidity. you usually go overboard and injecting liquidity. and the number, the emerging-market crises in the bubble and the dot com bursting, all of those caused the fed to lower rates. along and that is when greenspan woke up so mor

. >> no, no, tim geithner, larry summers said we can't prosecute the bankers because of systemic risk. they said this publicly. they are wrong. the way you heal the markets and get investor confidence back is to show people that we have rules. let me give you an example. we're talking for years now about getting private investors back in the mortgage market. why would any rational investor put money at risk if the attorney general can show up and take money from you? there is no reason to do it. let's bring in arthur to join this conversation. he's a professor of law at george washington university. i know you've been listening in on this conversation. what do you say to what chris said and what dick said earlier today? >> first of all, there are two groups of people whose opinions you have to change. one is the senior executives. senior executives have to be held responsible. if senior executives are not held responsible, why would their successors act differently? the other group you have to change is large institutional investors, pension fund, mutual funds. i think what the govern

>> what is the the hillary clinton -- tim geithner and i did those one on my ipad but, new book is justice minister will go back santry read a couple of assessment of lot to me one of them was the moviegoer. that was by my bet right now

or at least stress test that measure up to the ones or formal treasury secretary tim geithner insistedn. do not minimize the potential impact of putin turning off the gas pump switch. it's one thing to be cold because of a lack of natural gas heat. you can put on a sweater, mom. it's another thing to have to shut down plants that use natural gas and given how it's the fuel for much of international industrial europe these days, a shutdown will be likely. it would have to -- it would either have to come to the peace table and say to russia, you have the ukraine, that in our president's eyes seems to have a parallel to the appeasement of germany or it would put through sanctions that would mean let's just say it, war. you have any other answers? i know i don't. but i doubt we get an actual east/west military collision. we more likely get a diplomatic resolution. it's just that right now it seems almost unthinkable until more economic damage is inflicted on both sides for the peace table to work. the tragic game changing plane crash had another impact that i didn't think of until i read a

. >> pour tim geithner. he just got compared to vladimir putin.[laughter] putin should be compared to bernie made off for somebody like that. who do you punish? clicks ok, i think we will go to the audience. clicks the audience will bring us back. a microphone because this is being broadcast. .lease identify yourself we will take three at a time. .et's start at the back maybe here, and maybe here, and then -- yes. >> thank you. i'm from jpmorgan chase. we have several meetings coming before the baltic summit and the nato summit. all of those could have good conversations on russia. what do you expect out of those meetings? >> ok, good. and maybe here. is, when we had a war, people usually don't believe their own government. elaborate onou can feel about their own values, whether moral values, or values against another country [indiscernible] where you have to say foreign policy is usually obligatory. >> thank you. >> i'm derek mitchell and i write the mitchell report. i want to push a little bit on something dr. gaddy said at the outset. essential

tim geithner agreed. the white house signed off. i presented it to the chinese when i was there that first trip. they responded to it, and that meant we put together teams from our government and theirs, to talk about everything from sanitary hygiene standards for food and produce or safety of toys, to environmental, clean energy, joint projects, to student exchanges. we put it all out there to build a much more comprehend receive connection between our two governments -- comprehensive connection between our two government is homes would not last for just one president but be part of building a framework into the future. and we had intense meetings throughout the year, then we would have an annual strategic and economic dialogue, rotating between washington and beijing. i spent a lot of time with my counterpart. and the foreign minister, and we had a lot of in-department discussion. so fast forward to the night that i'm home here in washington, and the phone rings, and i'm told that the blind dissident has escaped from house arrest

tim geithner agreed and presented it on that first trip. they responded to it. i'm not that we put together teams from our government and dares to talk about everything unsanitary hygiene standards for food and produce for safe your choice to environmental, clean energy, joint projects to student exchanges. we put it all out there to build a much more comprehensive connection between our two governments that i hoped would not just last for one president, but be part of building a framework into the future. we had intense meetings throughout the year. that would have an annual strategic and economic dialogue rotated between washington and beijing. i spent a lot of time with my counterparts, the counselor david rohde and foreign minister jan cici and lots of in-depth discussion. so fast forward to tonight i am home here in washing 10 and the phone rang and i am told by dissident has escaped from house arrest and he is trying to make it to the u.s. embassy in beijing for safety and refuge and also to be given emergency medical treatment for the foot that the answer

himself was a character but when you think about some of the people he worked with in washington -- tim geithner are and hank paulson before and ken feinberg but then jim muhlstein helped them out with the turnaround and sarah dahlgren at the new york fed. what has happened to some of these people? >> they have all gone on and survive the crisis themselves hlsteine on to -- jim mu is back on wall street. they had to deal with bob benmosche at his toughest moments when he was seen showing off his beautiful home in croatia to reporters a month after he was on the job. he caused them tremendous heartburn and pain. they saw in him the best opportunity for taxpayers to recover their investment. they recovered the 182 the lien dollars plus about $20 billion more. at the same time, as successful as he was in terms of that job, you also have to look at the larger picture. if you ask americans today should aig have received a bailout, i bet you 100% that the majority would say absolutely not. if they were presented with the same question if they should be saved in the future, they would say no. there is

tim geithner told us that for the presidential election, this will all be dealt with as part of corporatencentive -- conference of tax reform. when congress was reelected, obama was really to come at two years later, no conference of tax reform. -- comprehensive tax form. i think companies are looking at what they have to do to be competitive globally. >> eric is wearing his canadian cufflinks. see this mean we will canada get more involved with american companies? make more enticing orders for them to come across the border? >> and not sure canada needs to do that. we've already enticed americans to shift their income into america. ira member a couple of years ago we gave a speech in toronto about the corporate tax reform we have done. send several companies e-mails to me afterwards telling me how they shifted income from the united states and the canada. now with inversions, you're getting a totally new story, which is you was company's decide to buy up a canadian company, and effectively move the headquarters into canada. thereby making it a canadian company, and basically undoing this

presume.o >> pour tim geithner. he just got compared to vladimir putin.[laughter] >> vladimir putin should be compared to bernie madoff or somebody like that. who do you punish? clicks ok, i think we will go to the audience. the audience will bring us back. >> wait for a microphone because this is being broadcast. please identify yourself. we will take three at a time. let's start at the front and work back. and maybe here and then yes. >> thank you. from jp morgan chase. we have several meetings coming up before the baltic summit and the nato summit. all of those could have good conversations on russia. what do you expect out of those meetings? >> thank you. here in the second row. >> for the panelists, my had aon is when he would war people usually don't believe action.n government here in the united states or over here other countries. you can elaborate on how people feel their own values, their moral values or the way they are against other countries whether they invasion own claim for free democracy or whether it is good, in can you a really statemen