timothy geithner. [applause]

i would send a copy of those letters to barack obama and timothy geithner. host: what are other countries in similar situations doing right now? guest: the chinese are pursuing, correctly, a very infrastructure oriented stimulus. there are a lot of unmet needs around the cuff -- country in the government sector, schools, things like this. that would have generated a lot more jobs than obama will generate. the chinese are focused that way, and they have not been shy about saying this is being spent for chinese jobs. us putting in that kind of language in our legislation, we are spending it on chinese jobs. they spent much more on infrastructure. in europe, a lot of governments didn't spend as much as we did, and the question what is going on here. when you consider how liberal europe is, and the kind of lessons learned from adventures like ours that we are about to embark on with gm, i would listen to them closely. host: long island, new york. caller: think you for joining us commune of the ability to be able to make clear so many complex topics. you had spok

admiral timothy keating discussnary's nuclear test and missile launches and the threats they may pose to the asian pacific region from the atlantic council of the united states, this is about an hour. >> this is terrific. more stars and bars in this room than we usually have. ladies and gentlemen, welcome to the atlantic council i'm fred kemp president and ceo and welcome to this evening's commander series with the commander of the united states pacific command admiral timothy keating. i know many of you have attended our commander series on a regular basis. let me just say a couple of words about what this series has been about. we have created with this and i must say it's one of the most popular things we have introduced a public platform for senior u.s. and global leaders to share their views with the washington audience. the programs become an authoritative opportunity for military leaders to shape the security debate in washington and beyond. since the beginning of this series, we've had the commanders of uconm, northcom and two of the most recent commanders in afghanistan. it's

tell me about your interactions with timothy geithner. how early in the process was he engaged in this process? >> i had no -- after the confirmation hearings or once he excused himself from the new york fed, i had no contact with mr. geithner. >> but he was involved before he was named and brought in as the treasury secretary, correct? >> he had been involved in the original t.a.r.p. money, yes. >> right. and tell me about mr. summers, the intersection and place of involvement that he had with the project. >> i personally had no involvement with mr. summers. mr. chairman, i would ask that mr. price's notes from december 2 1st of 2008 and mr. lewis's notes also be entered into the record. >> without objection. >> thank you. >> so ordered. >> tell me about the interaction you continued to have in -- with mr. bernanke and mr. geithner at this point? >> well, i've had very little conversation with -- in fact, i can't recall of a conversation i've had with mr. bernanke in terms of being one on one. i remember council called the federal reserv

for more or informational and timothy johnson, visit law.umn.edu. for information on jerry goldman, oyez.org. >>> the c-span's six bus is traveling the country visiting libraries, bookstores, festivals and authors. here are some of the people and places we visited. >> we are here at the lexington public library's branch with bob sloan. you often write short stories about life in appellation. tell about the true story that is accounted in the valley of the shadow. >> there was a feud in the county where i am from that occurred back in the 1880s and my grandfather -- my paternal grandfather, my dad's dad was born in 1877. the feud lasted about 1884 to 1887 depending on who you talk to. so i grew up hearing first hand accounts of some of this. my grandfather was friends with one of the principles of this thing. everybody knows about hatfield and mccoy and some of the other feuds. the round county viewed was absolutely the bloodiest and most significant of all of the east kentucky vendettas mountain view is. nobody knows about it. because when it was ov

great length in 2005, 26 and a talk about this in the book in relation to some of the initiatives timothy geithner was involved with and period of the credit derivatives market. the theory somehow in a market all of the actors have a self-interest in the way of long-term and the basic pressures are somehow leading to the system of the whole be giving rationally has not turned out to be true in the credit world. and you can see that in a very tangible way on the issue of settlement in the cbs base because if you had a perfect rational free-market, you have a situation where everything but say i have an incentive to make sure that i have huge backlogs of paper building up in my back office because guess what, that is irrational. maybe we are losing peepers and will have a limbo land. and of course the market group worked with efficiency. the problem was though that when innovation occurs in finance you never actually know which products are going to be successful and which are not and which ones are worth investing in infrastructure and which ones are not until several months after the prod

timothy johnson is a university of minnesota professor of law and political science.for more information on timothy johnson, visit law.umn.edu for jerry goldman, oyez.org. >> here's a look at some upcoming book fairs and festivals over the next few months. >> you've been watching book tv on c-span2. every weekend we bring you 48 hours of nonfiction books, public affairs, history, and biography saturday morning at 8:00 through monday at 8:00 am eastern. ..

i have seen him put a note on and say to timothy geithner, is our program helping this person? he is fighting the bubble in a way that i have not seen and i do not know with president bush but because of coming in as he did, he is trying very hard to stay in touch with people and what people are thinking. that is one concrete way that he is doing it. >> i think in terms of the agenda, as the president is fond of saying, he does not have a choice. he cannot tell the economy to wait until he has fixed health care and cannot tell health care to wait till he has fix the economy. he cannot tell financial reform to wait until he has fix these things. these are problems that demand solutions now. i think the strategy is going to prove to be extremely successful. the same thing with global problems. we have two wars going on its. they cannot be told to wait. in the first year of the clinton administration, we spent an enormous amount of time debating what order in which to attack different problems. long meetings about welfare. for health care, nafta before this. we spend more time fig

some of the mistakes is the president's decision to leave the reordering of the financial world to timothy geithner and larry summers. they played a major role in bringing on the disaster in the first place. you say it is not too late to

think of timothy mcveigh. as senator gramm, on this committee, said recently, "the idea that we cannot find a place to house 250 detainee's within the united states is not rational. we have spent billions of dollars on these facilities. we can do that. prolonged detention, military commissions, both of which are being discussed. i expect that the attorney general, president obama, will face the commitment to value and the dedication to security that you have shown so far. i trust that you will work with us define the rights illusions -- to find the right solutions to these problems. last week's tragic events at the holocaust museum, together with other recent incidents made all too clear that the violence motivated by hatred brains a serious problem. across the political spectrum, we have once again introduced a bill to take important steps against hate based violence. it is crafted so that only those who engage in rural violence would be prosecuted. i know you have supported this. i know that the president ha

later, admiral timothy keating will speak.his topics include north korea's most recent nuclear and missile testing. we will have live coverage at 5:30 p.m. eastern here on c- span. now to an event from earlier today that the -- from the american enterprise institute on u.s. and india relations. i want to welcome you here this morning, u.s. and india relations in the obama era. this program was conceptualize to examine relations at a very important crossroads. both countries have freshly elected or reelected governments. president obama took office just over five months ago, and the prime minister was elected by a wide margin last month. the world's oldest and world's largest democracies have many interests to the security and economic areas. the strategic partnership will require close attention by both parties to remain strong. to look at these issues today, i want to give a warm welcome to the ambassador who is here with us this morning. following their ambassador's remarks, a discussion on economic cooperation. we will conc

later, we hear from treasury secretary timothy geithner. on "washington journal" tomorrow, we will discuss the supplemental spending bill with jane hamsher. dr. bernadine healy in on at 9:00 a.m.. unexpected encounters. "washington journal" on c-span, every day, 7:00 a.m. eastern. a couple of live events to tell you about on our companion network, c-span3, tomorrow. a subcommittee holds a meeting on insurance industry oversight at 10:00 a.m. eastern. they will look at policies that might threaten the financial system. later, the senate policy committee. this is at 2:30 p.m. eastern. >> july 4 weekend, discover an unfamiliar sight of our nation's first president -- an unfamiliar ligh of side of our nation's first president. >> the senate energy committee continues marking up a bill this week. they spoke about the legislation monday to the energy association. this is one hour. senator lisa murkowski. >> good afternoon. i am barry, an executive director, and it is my pleasure to welcome you. it is our pleasure to have senator lisa murkowski. t

treasury secretary timothy geithner will speak.e president today will make comments on the economy and tax policies with future spending obligations. that is live at 1:00 p.m. eastern from the white house on c-span2. then once again this also will be on c-span3 at 2:30 p.m. this afternoon. kathleen sebelius will testify about her department's budget. that is live at about 2:30 p.m. eastern on c-span3. >> elizabeth warren is recognized for as much time as she may consume. >> thank you, chairwoman maloney, representatives. i appreciate the invitation to be here today on behalf of the congressional oversight panel and to be as helpful to you as i can. i should start by saying i am not scripted. since i do not have a preapproved script, you should take my comments as my comments alone and not necessarily reflecting those of the panel. i will do my best to regret -- to represent their reports, but otherwise, you are hearing from me. what is the congressional oversight panel? we are the smallest of the oversight unit here, particularly c

and we try people of all people, think of oklahoma city bombing, timothy mcvay and senator gramm on this committee said recently, quote, the idea that we cannot find a place to securely house 250 detainees in the united states is not rational. we spend billions of dollars on high security facilities. we can do that. and key questions remain for military commissions that are being discussed by the administration. and carry with them the use of abuse. and i ask that you address these commissions the same of law and values. and the same that you and the president have shown so far. another era, we have to come together is a sadly resurgent problem of hate crimes. last week's tragic events at the holocaust museum, is that violence motivated by hatred remains a serious problem, and world consequences. senator kennedy and bipartisans across the political spectrum, once again introduced a bill to take a stand in our enforcement of hate violence. it's to do in the first amendment, and only those who engage in brutal acts of violence will be culpable. and it's time to act, and i know you have sup

later, admiral timothy keating, speaking at the atlantic council, talking about north korea's most recent missile testing. we will have live coverage at 5:30 eastern, here on c-span. >> file-sharing has wreaked havoc on our business. >> tonight, digital music, the internet, and copyright policy with the chairman of universal public -- universal music publishing group. >> we want companies to take more responsibility for providing music. >> he is the chairman of universal music publishing group, tonight at 8:00 p.m., on "the communicators." >> next, a look at 30 years of close-up television on c-span. we will hear from current and former associates of the show, including joe garrity. the guests will take questions from students and teachers of the close-up academy. this is one hour. >> hi, i am from western the sake >> i am your host and here we are in the newseum. we bring students face to face with current events, the workings of government, and the press. this week, we will look at 30 years of close-up television programming on c-span. our audience consists of students and teachers from

treasury secretary timothy geithner is expected to push all firms to lowmore closely tie employment performanceo stock rather than cash. good morning, this is joe on our in the pimm line. caller: good morning. i would have to switch the question around -- how are the banks and the insurance companies handling the administration? the politicians had no choice. they were put into this position, otherwise financially we would have disintegrated. i believe when i went to college the rate was like 23%-26%, and with the way the fees are now you can get a better deal borrowing money off barney the loan shark on the corner. they have to do something about this. it is not just the banks. it is also the health insurance thing. the question yesterday was the health insurance and some guy was happy about paying $800 per month for health insurance. they are making a lot of money. there are people getting rich off this. i would have to give for grade -- i would give obama a c, and bush before him a c, pretty much because there were put into a no-win situation. if they did nothing we would be in a big mess ri

cautionary piece from our perspective in new york we have very good mental health parity mottos, timothy's law has been a great bill, we were unable to get family health plus medicaid programs as part of the benefit. as a cautionary peace, i agree with the commissioner, we have to have somebody on the inside in the sense that i think they are going to take a lot of advocacy on our part to make sure that mental health does become part of the broader discussion about mental health benefit packages, because i think it makes us very concerned, we really need to not say that this is a done deal and we have a lot of advocacy to make this happen. i have seen our issues in new york. >> if i could briefly respond en, the first step as been made, which is there is broad agreement and recognition on everybody's part that addressing the issues of the mentally ill has got to be part of the package. there is no longer an assumption that mental health is somehow over there. it is a trite phrase that the devil is in the details. when we get health care reform this year, you can't give up the fight. you ha

later on today, admiral timothy teaching speaking at the atlantic council. this will include north korea's most recent missile testing. live coverage of that will be at 5:30 eastern, here on c-span. now all look at some of this morning's washington journal. >> faiz shakir is the editor of a local newspaper. we're talking about congress wrapping up and the influence of media on politics. there's a front-page story in the on the roll call pokey about the gop and their plans of the fourth of july recess. how effective are parties at getting their message through to the public, particularly through july 4 recess? guest: it requires gas -- grassroots work. people need to amplify your message. if your focus on a d.c. message, advertising in "roll- call" or "the washington post," many of these groups are hoping their messages are bombarding both the lawmakers and their staffs and constituents, getting across the message. they are effective when they started in that fashion. host: it is a down time for politics in general. what are you looking at as the recess devel

later, admiral timothy keating will speak at the atlantic council, the topics include north korea's most recent nuclear and missile testing. live coverage of that at 5:30 p.m. eastern or hear on c-span. also earlier today, at the supreme court released its opinion in the case involving a promotional for new haven firefighters was rejected because very few minorities would receive promotions. white firefighters alleged that a bidding the exam at unfairly denies them promotion. the supreme court side -- sided with the firefighters in the 5-4 decision, overturning a lower- court decision. tonight you can hear a portion of the oral arguments before the second circuit court of appeals. that argument took place in december of 2007. we will have that tonight at 8 eastern here on c-span and on line. you can see transcripts and read about reaction coming to the supreme court decision. hillary clinton to address the situation and honduras, iran and iraq at today state department meeting. she said the ouster of the president of honduras over the weekend is a coup, and expressed confidence in the ab

please join me in welcoming the 75th treasury secretary of the united states, the honorable timothy geithner. [applause] >> let's get right down to it. you have an up and laying out the new regulatory framework of the united states. >> we have -- we had a system that proved too fragile that undermine the great strength of this country. we had a financial system that was the best of the work -- in the world at taking the savings of the people around the world and channeling them to the best ideas. our system is still good at that, but it was too unstable and fragile. it did a bad job at basic protection of consumers and investors. that is something that we have to change. >> we were going to do a chart of all of the regulatory agencies that exist. there were too many to put on a two-page chart. >> it was a spectacle. >> the system that you are going to lay out is a bit of a compromise. if you are not getting rid of too much. you are putting in a new college of regulators. how is that going to work? >> we are trying to get at the things that were at the core of the problem in this process. the

cautionary piece from our perspective in new york where we have a very good mental health parity law, the timothy's bill but what happened is we were unable to get a family health plus and child health plus as part of that benefit but as a cautionary peace, i did agree with the commissioner we have to have somebody on the inside

[applause] >> coming up in 15 minutes, remarks from admiral timothy keating. he is expected to talk about north korea's missile testing. that is live at 5:30 p.m. eastern. earlier today, the supreme court released its opinion which involves the promotion exam for new haven fire fighters which was rejected because very few minorities would receive promotions. the world abandoning the exam and really would not give them promotions. this overruled a lower court ruling. tonight, at 8:00 p.m. eastern you can hear a portion of the oral argument from the case before the second circuit court of appeals that took place in 2007. that is tonight at 8:00 p.m. eastern here on c-span. now, a discussion on congress, the white house, and the influence of media on politics. is from this morning's "washington journal." here is the associate editor of real clear politics. we're here to talk about congress wrapping up in the influence of media on politics. there is a front-page story this morning in roll-call about the gop in their plants over the recess. they planned to blast aw

. >> and treasury secretary timothy geithner was on capitol hill talking about the budgets for the treasury department and the irs. also at the meeting was the ira's chairman. this is the appropriations subcommittee. this is about 90 minutes. >> thank you for joining us this morning. we know the irs chairman is also here and prepared to testify. i'm going to waive the remainder of my opening statement in the interest of time. >> secretary geithner, i am very pleased to welcome you to this hearing. i think you for your service to our nation. -- i thank you for your service to our nation great u.s. only responsibilities that is difficult to know where to begin. you are responsible for reinvigorating bank lending to consumers and small businesses, stabilizing the housing markets, overseeing the automobile industry and encouraging sustainable economic growth. most importantly, you must try to protect american taxpayers and their investments and promote the long-term financial security of the united states during a time of unprecedented debt. the current financial crisis is rooted in a tangled w

of those like kareem abdul-jabbar, those like timothy duncan, those like sydney port yea, those like -- sydney portier and of course colin powell, the former secretary of state, a caribbean american. certainly the honorable cheryly chiss am who ran as an african-american woman for president of the united states of america. bold, unashamed of their roots and history, ready to make a difference, that is the character of caribbean americans and those who live in the caribbean. let me also thank john conyers who i worked with as we visited haiti and went to see many of those who have been incarcerated because of the, if you will, the inconsistency of leadership in haiti. we are delighted to see the president leading out but we visited many who were political prisoners and worked with the then bush administration to try to secure their freedom. i went to -- i want to continue to express my appreciation to chairman conyers for the work that he has continuously done working in haiti when we traveled there together. so there are many aspects of the caribbean that we can celebrate. i'm here t

think of oklahoma city bomber timothy mcveigh, shake omar and others to planned the 1993 world trade center bombings. senator graham said recently, " the idea we cannot find a place to securely house 250-plus detainees within the united states is not rational." we have spent billions of dollars on high-security facilities. we can do that. our key facilities are being discussed by the administration, carrying with them the risk of abuse. i suspect that you and president obama will face these issues with the same commitment to our constitution, laws, and values, and the same jet it -- in the same dedication that you have shown so far. i trust you will find a resolution to these problems. another area where we have to come together is the sadly resurgent problem of hate crimes. last week's tragedy at the holocaust museum together with other incidents have made to clear that violence of bias and hatred remains a serious problem with the tragic real-world consequences. senator kennedy and i, together with a strong bipartisan group of co-sponsors across the political spectrum, once again i

pacific commander, admiral timothy keating, he will talk about this and other issues of maritime security. introductions are now under way. this event is live, hosted by the atlantic council of the united states. >> i know many of you have attended our commander series on a regular basis. let me say a couple worried about what this is about. this is been one of the most popular things we have introduced. a public platform for senior u.s. and global meant rigid military leaders to share their views and concerns. it is to should the security debate in washington and beyond. since the beginning of this series, we have the commanders of the vice chair of the joint chiefs of staff, the chief of staff of the army, and two of the most recent commanders in afghanistan. it is the flagship program for the atlantic council. i want to thank saab, a.b., and the board member of the atlantic canceled for their support of this series. i am also delighted with the turnout today which says a lot as well about the popularity of this. admiral, i have to mention one thing. some people ask me, why is the atlan

timothy e. keating speaking at the atlantic council. the topics include north korea's most recent missile testing. live coverage at 5:30 p.m. eastern on c-span. earlier today the supreme court released its opinion in the connecticut firefighters case. it involved a promotion exam for firefighters that was rejected because very few minorities would receive promotions under it. a group of white firefighters wanted the exam abandoned. supreme court sided with the white firefighters, overturning a lower-court ruling that had been endorsed by the supreme court nominee sotomayor. tonight at 8 eastern, you can hear a portion of the oral argument from the case that took place in december of 2007. >> from a conference on u.s. indian relations, defense and security issues including india and pakistan nuclear programs. it runs one hour 5 minutes. >> good morning. thank you for coming to the american enterprise institute and welcome to our program on the future of indian relations. i am gary schmidt, a resident scholar sure -- scholar here and i ru

i would assume would be timothy geithner? >> those are joe price's notes? >> yes. >> i would have to assume with you because they are his notes. >> based on your recollection of what was going on and based on the notes we see from the cfo that was there, fire board of directors if you do it, was that your understanding? >> the -- that was is probably a reference to the conversation i mentioned that i had with secretary paulson. but, again, those are his notes. >> based on your personal recollection, is that your understanding that the board of

and treasury secretary timothy geithner and the irs commissioner today before a senate appropriations subcommittee talking about their 2010 budget. at 2:30, health and human services secretary kathleen sebelius. you can also find them online at c-span.org. >> how is c-span funded? >> private donations? >> taxpayers? >> i do not really know. >> from public television? >> donations. >> i do not know where the money comes from? >> contributions from donors? >> 30 years ago, america's cable companies created c-span as a public service, a private business initiatives. no government mandate, no government money.

first up, treasury secretary timothy geithner and the i.r.s. commissioner today before the subcommittee talking about their 2010 budget, 10:30 eastern. in the afternoon at it it:30, health and human services secretary kathleen sebelius on her department's budget. both of those theargs on c-span3. you can also find them online at c-span.org. >> how is c-span funded? >> private donations. >> i don't really know. >> from public television. >> donations. >> i don't know where the money comes from. >> federally? >> from donors. >> how is c-span funded? 30 years ago america's cable companies created c-span as a public service. a private business initiative. no government mandate. no government money. >> there's still time get your copy of c-span's "2009 congressional directory." district maps, how to contact committees and caucuses. it's $16.95 online at c-span.org/products or call 1-877-on-c-span. >> "washington journal" continues. host: we want to welcome dan blumenthal with the american enterprise institute. a couple of weeks ago you had this in t

it was co-chaired by timothy geithner and national economic counsel director lawrence summers and includes directors from a broad range of officers throughout the executive branch. the task force and co-chairs report up to the president. from the beginning oaf this process, the president gave the auto task force two clear directions. the first was to refrain from intervening in the day to day management of these companies our role has been to act as a potential investor of taxpayer resources and as such we have not become involved in specific business decisions like where to open a new plant or which dealers to close. this is the job of management. and while we have been engaged in dialogue and discussion about their approach, we do not substitute our judgment about specific decisions for theirs. second, the president was clear that he wanted us to behave in a commercial manner. that is to be sure that all stakeholders are treated fairly and received neither more nor less than they would have simply because the government was involved. because the investments were made by both the prior an

yesterday treasury secretary timothy th geithner and directof the economic council, laurence summers, published an editorial in "the washington post", laying out the broad outlines of their proposals for regulatory reform. i share their views on how we arrived at this moment. and i share the broader goals that they discuss and look forward to working with the administration on comprehensive and timely regulatory reform. however, i want to speak today about one area where i disagree, and that is how to address systematic risk. but let me step back for a moment. mr. president, the magnitude of the events of the past two years strains comprehension. i believe what we've seen over the last couple of years is the equivalent in economic terms of the 100 year flood. millions of families and retirees have lost their financial security. millions of people are out of work. each day we read about more layoffs, more losses, more bankruptcies and too many days more bank failures. we call this a financial crisis. but for the american people it is a very personal crisis of lost homes, derailed caree

pacific commander timothy keating on north korea's missile launches and the threats they may pose to the region. that is live at 5:30 p.m. eastern also on c-span. >> file sharing has just read havoc on our business. >> how is c-span funded? >> publicly funded. >> donations may be? i have no idea. >> government? >> c-span gets its funding through taxes. >> sort of a public money think. >> maybe, i don't. >> how is c-span funded? 30 years ago america's cable companies created c-span as a public service, a private business initiative. no government mandate. no government money. >> and now a house hearing on executive pay practices and how they may have contributed to the current state of the financial markets. the house financial services committee hears from obama administration officials about their proposal to regulate executive pay publicly traded companies. barney frank chairs the committee. this is just under four hours. >> the hearing will come to order. i am told that the ranking republican is on his way, so we will begin. we're going to have 30 minutes of opening statements by

pitts: during a speak last week at a beijing university in china, timothy geithner was laughed at when he ensured that the chinese government can continue with their loans with u.s. at the same time federal reserve chairman ben bernanke was here on capitol hill calling for fiscal restraint. every dollar spent by the government is taken from the people in taxes or borrowed against future generations. our nation's fiscal responsibility is so lacking that a developing nation snickers at the mention of sound investment in our debt. traveling the world begs creditor nations allowing us to continue our spending binge is not the kind of international engagement we should make. it will turn around because of our people, not because of out-of-control government spending and borrowing. i yield back. the speaker pro tempore: for what purpose does the gentleman from oregon rise? mr. defazio: to address the house for one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. defazio: republicans gave us a medicare prescription drug benefit -- complete with doughnut hole ba