timothy geithner, of course you are a baker. and i said no, actually i'm not.and he said the you are in banking and i said no, i'm not. and i said never in investment banking. but that perception was a initial description of my past and probably because of what we were doing. it became overwhelmingly accepting. and so perceptions matter a lot and they were very hard to break. >> another policy question, some of the fiercest criticism has come about with the help that was offered and one critic wrote that with every turn on housing, the evidence turns to timothy geithner, whatever puts the pressure on them rather than helping ordinary people. >> i know that it is a common perception, but it's deeply confused at rests upon a unrealistic sense of what our choices were and what our options were. and we had a democratic president really at the peak of his political power with the majorities in both houses and i think some of the best housing talent in the country working for him. and all the right incentives, understanding this. and it was getting worse still. and h

and former treasury secretary timothy. geithner talks about his book, stress test that begins at 8:30 p.m. eastern on c-span two. here is a look at some of the programs you will find christmas day on the c-span network. holiday festivities start at 10:00 eastern on c-span with the lighting of the national christmas tree, followed by the white house christmas decorations with first lady michelle obama and the lighting of the capitol christmas tree. just after 12:30 p.m., celebrity activists talk about their causes. then at 8:00, samuel alito and former governor jeb bush on the bill of rights and the founding fathers. on c-span2 at 10 a.m. eastern, venture into the art of good writing with deep thinker s --teve pinker. pamela paul talked about their reading habits. on american history tv on c-span3 at 8:00 eastern, the fall of the berlin wall with outage of president george bush and bob dole. with speeches from john kennedy ronald reagan. at noon, fashion experts on first lady fashion choices and how they represented the styles of th

you had lunch with timothy geithner. was that the first time you had lunch with him?it was the only time i had lunch with him. they met with me when they signed the deal that gave them 92% ownership of aig. the question was, how are we going to sell all the shares? if they had had lunch with me or saw me at the end of 2012, that would have been more meaningful. >> why? >> they should have said, what we put the people of aig through was horrific. and i want you to say on my behalf that we appreciate their hard work and that it is incredible what they have accomplished. and to not only pay us back, not only give us a $23 billion profit -- $22.7 billion, but you've kept all these americans employed or you kept them as effective citizens of our country. and we thank you for that. >> they never said that. >> they never said that. >> it almost sounds like you were looking for an apology. >> i think people should recognize they did a great job. they did a great job under the worst of conditions. >> today, aig is a slimmed-down version of itself, and profitable. but does it s

with this is lee sachs who worked with timothy geithner and previously served in the treasury departmente clinton. is there a point to be made about the revolving door between washington and wall street? >> we always have to pay attention to the so-called revolving door, but i think -- >> but why? because of the risk of regulatory -- >> there is always that risk, but one of the most important things when you are making policy, whether it is regulatory policy were others, you need to have a diverse set of views around the table. you need to have people who have finance backgrounds. you need to have academics. you need to have people who have served in government. >> the issue now, is it wall street-heavy? >> it is hard to see. if you see who is sitting around the table, you have talked about the committee of regulators that was formed through the , if younk's legislation look at who is around that table now -- and they're all excellent, but they all have either academic backgrounds or government backgrounds. for the most part. actually, the thing that is missing today is someone with fina

and timothy geithner talks about his book stress test. that begins at a 30 p.m. eastern on c-span two. >> here's a look at some of the programs you will find christmas .ay on the c-span networks holiday festivities start at 10 on c-span with the lighting of the national christmas tree. that is followed by the white house christmas decorations with first lady michelle obama. lighting of the capitol christmas tree. just after 12:00 p.m., celebrity activist talk about the causes. and it :00, samuel alito and former for the government to push on the bill rights and the founding fathers. on c-span2 at and a clock a.m. eastern, venture into the art of good writing with steven think of. 1230, see the feminist side of a superhero as we search for the secret history of wonder woman. p.m., authors and others talk about the reading habits. on american history tv on c-span3 at it :00 a.m. eastern, the follow the berlin wall with c-span footage of president george bush and bob dole with speeches from president's kennedy and ronald reagan. theoon, fashion aspects on first lady

treasury secretary, timothy geithner. spent a lot of trying to capture some of these profits from the companies. this is a list of 340 companies that have all negotiated these deals, according to the outside group. they negotiate deals with accounting firms and all of the big accounting firms are trying to sing the praises of setting up shop in luxembourg. they put out a statement. this is what they said. they said the global effective andrate has averaged 34% 35% in the most recent years according to a spokesperson. they wanted to figure out what went wrong and what the role was in all of this. >> in some ways, he has to carry on and not talk about it in public. to what extent is this overshadowed? same theory. and he is claiming that he has been reviewed. they're going to have to investigate and come up with conclusions. the question is if the conclusions will have more are less authority because he is president of the commission. think he is out of the clear yet. that is not what a lannett -- not what a lot of analysts

then we had timothy geithner, author of "stress test: relections on financial crises." >> coming up next, leon panetta talks about his courier in public service ranging from his years in california to his most recent post as secretary of defense. this is about an hour and 15 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good evening. thank you for coming. i am the deputy director of politics and prose and i would like to begin by thanking you. we are in the throes of another dynamic season of events together. please check out our website for more information. we also host events in our bookstore on connecticut avenue and almost every night of the year we offer classes and book clubs. please stop by and visit us. tonight we have the honor of speaking to leon panetta who has a long and storied her as a public servant. in 1976 he was elected to the u.s. congress where he represented california's 16th congressional district. he acted as the instructor of the united states office of management and budget and as a chief of staff from 1994 to 1997 he

when timothy geithner was still treasury secretary and, i think, -- brt has been and we have discussedsome ofle to bring in the money trapped outside the country right now. in a one-time transaction potentially using that to pay for infrastructure improvement. i think that there is some openness to that. the current house ways and means butittee chairman put out overall conceptually he also agrees in lower lip -- lower rates," polls, and the minimum tax oblique that ensures that folks are not gaming the system but also allows you to be based inve with folks other countries operating on a territorial basis. so, there is definitely a deal to be done. there are two big hurdles we will have to get over. the first is a classic problem, which is that people are in favor of tax reform in the abstract, but sometimes more concerned with tax reform in the specifics. if we are going to accomplish revenue neutral tax reform the substantially lowers the world for rate, then we have to go some deductions that people are very comfortable with. there will be some winners and losers in the short-term,

timothy geithner looks at stress tests reflections all financial crises. booktv all this week in prime time starting at 8:30 p.m. eastern on c-span2. >> here's a look at some of the programs you will find christmas day on the c-span networks. [applause] >> good morning again. i'm a senior fellow at the center for east asia policy studies and iota like to welcome you again on behalf of a ball of the all of the institutes represented this morning but i welcome now a few words of introduction from the collaborators first the chairman of the board of the foundation for advanced studies. >> good morning everybody. colleagues, ladies and gentlemen i am delighted that the trailer will conference and the united states would convene a hearing at washington, d.c. for the second time. at the end trouble collaboration among the institution and the international studies at the university at of the foundation for the advanced studies successfully took place last april attracting a large audience and encouraging highly interactive sessions. the trilateral conference has

timothy geithner talks about his book, "trespass -- stress test." that's tomorrow in c-span2. here's a look at the programs you will find christmas day on the c-span networks. holiday festivities start at 10:00 eastern with he lighting of the national christmas tree. followed by the white house was with decorations, with first house -- first lady michelle obama. and the lighting of the capital is the street. edited by, supreme court -- at bush samuel alito and jeb on the bill of rights and founding fathers. at c-span2 on 10:00, the art of good writing with stephen finger. and see the feminist side of a superhero as jill lepore searches the secret history of one woman. at 7:00, authors talk about the reading habits. on american history tv on c-span3 at 8:00 eastern, the fall of the berlin wall with c-span footage of president george bush and bob dole. with speeches from president john kennedy and ronald reagan. experts onshion first ladies fashion choices, and how they represented the styles of the times which they lived. news anchorrmer nbc tom brokaw on his more than 50 years

and former treasury secretary, timothy geithner, talks about his book, "stress test." it all begins at 8:30 p.m. eastern on c-span2. >> now, dr. jonathan woodson, assistant secretary of defense for health affairs, outlines the complexities and challenges of caring for the nation's military personnel. he spoke during a brookings institution discussion on how to improve the military health system. alice rivlin, former omb director, and former undersecretary of defense robert hale also took part in this event. it's just over two hours. >> good morning, everyone. welcome to brookings. merry christmas, happy hanukkah, happy holidays, i'm mike o'hanlon. we are privileged today to have an all-star cast on the important subject of military health care reform. we are going to hear from assistant secretary of defense for health affairs, dr. jonathan woodson, first. he is responsible for the $50 billion plus enterprise that takes care of almost ten million people, including dod active duty personnel, their families, retirees. took care of more than 50,000 wounded on the battlefie

. >> timothy geithner talks about dealing with a 2007-2000 financial crisis as president of the federalreserve bank of new york. this is about one hour. >> i have a pretty simple question to start. why did you write your book? as much as you hat had to explao u very much want to bewhy did o understood. is that true? >> i agree talk to comply to write the book, good question. i never thought it would. because i have a hard time >> sitting still and it takes a fair amount of patience to do it. but i wanted to give people a sense of what it was like to have a chance to look at these choices we face through our g eyes. hav because they were pretty bad choices. i think it's still hard fork people to understand why this was necessary, why it was sensible, why it was better than the alternative. i thought that was worth a shot. i wanted to give our successors, nativeand it w because you know, we're going to face financial crisis in the future and their devastating. i wanted to give our successors a better framework for making these choices, and a better understanding of the mix of things we di