and union bank. and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> and now "bbc world news." >> [chanting] >> big trouble, in national strike brings agrees to a standstill. if there is a financial rescue, it will be painful. cool, degrading, in maine, the secret -- cruel, degrading, inhumane, is a secret document about a terror suspect that has been blocked. >> there has been a lot of doubt -- damage throughout the process because the government has been involved and complicity in the abuse. >> opposition supporters said they will challenge the rest of the opposition candidate in sri lanka. welcome to "bbc world news." broadcast to our viewers around the globe, coming up later with a new offensive eminent, how ready of afghan troops to serve? our correspondent is in canada are -- kandahar. >> the quicker than afghan soldiers can be brought up and trained, the quicker that western forces to leave afghanistan. >> nassau

and union bank. >> union bank has put its global >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> i'm julia stiles. >> i'm kevin bacon. >> i'm kim cattrall. >> hi, i'm ken burns. >> i'm lili taylor. >> i'm henry louis gates, jr., and public broadcasting is my source for news about the world. >> for intelligent conversation. >> for election coverage you can count on. >> for conversations beyond the sound bites. >> a commitment to journalism. >> for deciding who to vote for. >> i'm kerry washington, and public broadcasting is my source for intelligent connections to my community. >> "bbc world news" was presented by kcet, los angeles.

and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now bbc world news. >> and deadly bombing in karachi. i explosion targets and hospital just as it was treating victims of another suicide blast. a public apology from the president of of toyota. more people charged in the parliamentary expenses. the archaeological site of the city of david becomes a front line in the middle east conflict. south africa's president is under scrutiny. he has a 20th child, this one out of wedlock. >> this will be a moral example. >> the first bomb in the pakistani city of karachi was enough to kill 12th. -- people. the second -- killed at least 22 people. this report includes the exclusive footage of films by the bbc service that was in the hospital at the time of the second blast. >> karachi under attack. this was the first of the blasts to hit pakistan's largest city. a bus carrying about 40 young men, they were on their way to a religious festival. >> the bus was full of people insi

and catherine t.and union bank. >> union bank has put its global financial strength to work for a wideange of companies. what can we do for you? >> and now "bbc world news." >>he health-care reform is in intensive care. can a summit improve its chances of survival? the american president hopes to recess its -- resuscitate his plan for universal coverage. republicans hope to cancel its light source. >> i hope he will scrap it and start over with a clean sheet of paper. this is not the republican position but a position of the american people. >> india and pakistan are talking again. it is the first official meeting since the mumbai terror attack. the opposition boycott the ceremony. we will go live to havana for an in-depth look into the daily life and grind of ordinary cubans. ♪ hello and welcome to bbc. president obama's desperate attempt to push through health- care reform as the pundits reaching. if they agree it is on life support. the televised meeting is supposed to breed new life into him getting crushed -- breathe new life into him getting congressional approval for it. there i

and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news." xxxxxxx >> president obama says a significant and hms sanctions is being prepared against iran if it continues its nuclear program -- significant regime of sanctions is being prepared against iran. toyota bows to pressure and recalls the hybrid petraeus to fix braking problems. very warm welcome." coming up later, fresfood, not junk food. the latest campaign to change american eating habits. and france for excess. the venice conable having to tighten purse strings after 900 years. -- same for access. -- fame for excess. the u.s. and allies are preparing what president obama cause a significant recensions to indicate how isolated it is. this is in response to iranian reports that the country have started in enriching uranium to higher grade. it has no civil nuclear power program that could use this type of material. mr. obama says the country has made its choice, although the door, as he put it

and katherine tmplet mac arthur foundation and union bank. union bank has put its strength to work for a wide range of companies. what can it do for you? >> i'm julia styles, lilly taylor. public broadcasting is my source for news about the world. >> for intelligent conference. >> election coverage you can found on. commitment to journalism and deciding who to vote for. >> public broadcast sg my source for intelligent connections to my community. >> bbc world news presented by

and union bank. ♪ >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> and now "bbc world news." >> i'm jonathan charles. suicide bombers killed of the 16 people in the afghan capital, including several foreigners. tension in thailand, the supreme court is deciding if the former prime minister should lose part of his fortune. and president obama has to decide whether to try to put his health care reform through congress after failing to win bipartisan support. hello, another attack, another day exposes at a precarious state of security inside the afghan capital of kabul. a suicide bombing attack on a series of hotels and an exchange of gunfire. have least 16 people have been foreign national and an italian. >> once again, the early morning quiet of ako2 kabul morning violently interrupted. armed police on the street battle in taliban gunmaen in one of the most secure areas of the most secure city in the country. it was 6:30 a.m. in kabu

and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news." >> c. don's president could face face genocidees -- sudan charges. more problems for toyota. they admit they were aware of the faulty accelerator is a year ago. three schoolchildren among eight people killed by a taliban bomb in northwest pakistan. very warm welcome to "bbc world news," broadcast to our viewers on pbs in america, also around the globe. my name is mike embley. coming up later for you -- the growing global health challenge of dementia. haoles village elders in india avoid the diseas -- how these village elders in india avoid the disease. a record $104 million auction. hello to you. he is already the first head of state to be indicted for war crimes in serbia. now international criminal court has revived the possibility that president bashir will face genocide charges over the killings and max -- mass expulsions in darfur. the decision has not gone down well in khartoum. from the

and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news." >> this is gmt on "bbc world news." they reopen possibility of genode charges against sudanese president omar al- bashir. his already wanted for crimes against humanity. with a genocide charge make it grow more likely? three u.s. military personnel are among 10 people killed in an attack in northwest pakistan near a girls' school. another step in iran's space program adding to the worries of the country's nuclear intentions. cooperation from the alleged christmas day bomber -- was the obama administration right? michael jackson's doctor could be charged. it could reveal much more about what we know about the singer's life style. >> hello and welcome. the old judges at the international criminal court have opened up the possibility that the sudanese president omar al-bashir could face genocide charges. the reason is technical, but the result is political. he is the first sitting head of state t

and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news." >> deadly bombings in karachi. an explosion targets the hospital just as it was treating victims of an earlier suicide last. a public apology from toyota's under. three. mp's and a lord face charges of parliamentary expensive. very warm welcome to "bbc world news," broadcast to our viewers on pbs in america, also around the globe. my name is mike embley. coming up later for you -- the archaeological site of the ancient city of david becomes of frontline in the middle east conflict. and south africa's president under street. he is already a polygamist. now jacob zuma has a 20 a child, this one out of wedlock. >> one expect the leader of the nation would be all moral example. unfortunately, that is not the case. hello to you. the first bomb in the packets danny city of karachi was enough to kill 13 pilgrims, and the second was a deadly calculation to explode right outside the hospital treating v

macarthur foundation, and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> and now "bbc world news." >>> grilled before congress, toyota's president says sari for the technical problems -- says sari for the technical problems that prompted the recall of millions of vehicles. >> toyota will work vigorously to restore the trust of our customers, thank you. >> a rare statement for a cuban leader, raul castro regrets the death of a political dissident. three google executives are violate -- are convicted in italy for violating privacy laws. welcome to "bbc world news," broadcast on pbs in america. coming up later, the bbc's correspondent cents a day with the air force. and copper sale had of it -- and controversial head of the protestant church is caught drunk driving and resigns. >>> hello. 24 hours ago, congress heard tearful testimony from the head of toyota in the u.s. today, we heard from the man whose name is on every vehicle produced by the carmaker. it he made a lengthy public apology for the mechanic

and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> and now "bbc world news." >> four hours of battle and the afghan capital. taliban attack -- taliban -- taliban attack still 16 foreigners. >> you can see all the windows are completely blown now. >> confiscated -- thailand's supreme court sees as more than $1 billion from former prime minister thaksin shinawatra. clashes in the west brand -- west bank over protests concerning religious sites. welcome to "bbc world news," broadcast to our viewers on pbs in america, also around the globe. coming up later for you -- the british security forces are accused of misleading parliament about the torture of guantanamo bay suspects. and friends at the reunited in cuba. but what chance for warmer relations with the u.s.? we will hear from our man in havana. the indian government says up to nine of its citizens, including government officials, have been killed in a series of militant suicide attacks on a guest house in the afghan capital of kabul. at least 16 people wer

macarthur foundation and union bank. y- >> union bank has put its financial strength to work for a wide range of companies. what condition we do for you? >> we are a nation of explorers. we seek new ways of living, of thinking and of expressing ourselves. we take risks. we learn from experience. and we keep moving forward. that's why we encourage and celebrate the explorers in all of us. >> and now bbc world news. >> at what cost to u.s.-chinese relations? >> this week it's president obama risking the wrath of china. the dau lee llama visits the white house. what next for the bumpy relation between china and the white house. >> while some young creeks have protested others are heading for the life raft. >> i think most people our age are very much considering -- >> and mick lange low on show in london -- meek lange lowe's show in london -- michelango's show in london. >> this week barack obama inflicted more damage on the already strained relations with china as he hosted the dali lama. while rejecting a chinese call to

macarthur foundation and union bank. >> union bank has put its global financial strength to work for a wide range of companies, from what can we do for you? >> we are a nation of explorers. we seek new ways of living, of thinking, and of expressing ourselves. we take risks. we learn from experience, and we keep moving forward. that's why we encourage and celebrate the explorer in all of us. >> and now, "bbc news night." >> doing god's work, if you might. this week as the u.k. holds an inquiry into the global banking sector the chairman of goldman sachs admits his bank should have been more transparent in dealing with the enormous crash of the euro. selling out the law on assisted suicide. if you act with compassion to help someone die, you'll be likely to face the court. these investigations into a british bomb defector since banned in iraq, now thailand looking for the purchases. >> hello. one of the bosses of goldman sachs admitted this week the role played by his bank in hiding some of the massive public debt. perfectly legal at the time, although not now. and he conceded with beh

macarthur foundation and union bank.

and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> and now "bbc world news." >> across -- across party summit to rescue barack obama isealth care plan and without progress. coming fears that the italian military is plotting another coup. and the first official meeting between india and pakistan since the terror attacks on mumbai. they have promised to keep talking. very warm welcome to "bbc world news," broadcast to our viewers on pbs in america, also around the globe. my name is mike embley. coming up later for you -- israel's ambassador is summoned to explain why three suspects of the dubai hams killing were carrying australian passports. and training doctors is pain great dividends for cuba. -- paying a great dividends for cuba. hello to you. president obama has been hosting at a televised gathering of 41 politicians from opposing parties, hoping to break the deadlock over his health care reform, now stalled in the u.s. congress. there were protesters outside and strong feelings inside. republicans think

and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news." >> joined the battle lines at home. the u.s. starts the process of lifting the ban on openly gay people in the military. a promise to visit the dalai lama kicks off a war of words between china and washington. michael jackson's doctor is expected to be charged with the singers involuntary manslaughter. very warm welcome to "bbc world news," broadcast to our viewers on pbs in america, also around the globe. my name is mike embley. coming up later for you -- austere times in athens. the greek prime minister goes on national tv to order severe pay cuts to tackle the deficit. and how fish farms are thring in the face of flagging stocks in gaza. hello to you. is a politically charged issue and won many thousands of people have been told to simply keep quiet about. up until now, all gay members of the u.s. military has been told to hold their sexuality on penalty of dismissal. it is an effective ban

they will be coming to the community banks and credit unions. community banks and credit unions as far as i know have made fewer or no subprime loans. they are financially sound. you are different than the banks that have made this plethora of subprime loans that are in financial difficulty. and yet, you are burdened by what may be excessive response to this crisis with the regulatory changes. you are different. why shouldn't you be treated different? if you aren't, i'm afraid that this recovery is going to be stifled. because you will not be able to make a loans that you know would be good loans to the people you know could repay them, that would create jobs that will bring us out of this recession. if you are different, why shouldn't you be treated different? >> i think we should be treated differently. i think that there should be a two-tier system of sorts that favors community banks. i think in unity banks do not create the problems of wall street, and we would be in favor of relief and we would be in favor of a change in the ad as far as ca

. >> credit union razz tax favored. the banks would complain.ff that congress has. >> only time for the witness to finish. members are going to ask complicated questions with 10 or so seks, don't expect a lost back and forth. we'll get more questions after 2:00. thank you. the district i represent has 1500-2000 factories. the institute for supply management is up now for the six or seventh month in a row. as i talk to my manufacturers, it's the same choke point. the president said the new report makes a powerful case they can't get capital in order to make the new product. we have a choke point in credit. it is the super super crisis. these are existingboroers. these are people with very low debt to equity ratio. what is the answer? what would i tell them? beside that's we invited them to come out to our district and perhaps help the banks out. part of the issue is more than one regulator. next time police ask who the regulator is. i'd like to hear from you. i'll be happy to talk about it. we understand that if a baroer is not able to manage the

money and injected it to the capital of the banks, but as a matter of the federal government we have prohibited, the federal government's prohibited credit unions from raising alternative capital in the private market and not taxpayer money. we're begging the banks to make loans, particularly of under $250,000. the credit unions are begging for the right to make loans of under $250,000 and not count it against their limit on business lending. they're telling me that they could make another $10 billion in small business loans and create 100,000 jobs and no cost to the federal treasury at all and with high capital standards and even higher capital standards if we help them raise alternative capital. should we be relying more on credit unions, giving them the tools to get us out of this recession, than the this one thing would get us out. >> as you know, credit unions are tax favored because they have certain restrictions on the activities and the banks would complain that if they're allowed to do everything banks can do why are they tax favorites? that's the tradeoff that congress has. >> the gentleman's time has expired and there's only time for

i think with a small community bank in massachusetts and in washington d.c. i'm with a credit unioni use my car. move your money is designed as a set of tools to look at and look for alternatives within your community. i think everyone should make up their own mind. you should look at the details of what banks are charging you and for what, and i think you might be shocked in many cases that the big banks are not offering a good deal on deposits or loans. host: turning to the situation in europe, the headline in the "wall street journal" has a chart that shows that france and germany are exposed to about $436.1 billion in outstanding debt. that is in spain. the prime minister of spain this morning spoke and said he sees as being a returning to growth in the first half of 2010. we covered about speech before our viewers to know. will be airing that at a later date. go to c-span.org for the airing of that, but what do you make of the prime minister's comments? guest: i think, spain is the issue. a lot of the concern is about spain. if there is a more general spread a a, a more general

iceland whose economy you'll recall ravaged by a banking crisis is hoping to get a lift by joining the european union. it moved closer to that goal after the european commission voted to open talks on iceland's membership in the eu. but there will be strings attached as we hear from this report from deutschesvehla. iceland will have to settle its disputes with other eu companies. >>island's landscapes could be one day part of the european union, after the eu commission's stefan fewland had talks. >> iceland with the long democratic traditions clearly fails the criteria and therefore cannot open negotiations with the european union. >> iceland has a functioning market economy, but it's applied for eu membership last year after being hit by the global financial crisis. the country's banking system collapsed despite efforts to stave off the meltdown. there's also an ongoing dispute with britain and the netherlands who say iceland does the almost 4 billion euros in savsavings. the government remains largely opposed. >> that report from deutschewell. that takes us to britain, where the royal bank of scotl

banks don't have a lot of capital. they're not well provisioned against a further major shock. we thought we were in the recovery phase. if this scenario plays out with the trade unions in the streets and gasoline shortages and that impacts banks in europe, that impacts our banks and impacts our recovery. >> there are two issues here. i'll jump on simon's one issue. that's the banks. european banks are much more vulnerable than american banks. they're not only exposed in their own home markets as we were in terms of exotic instruments but they're overexposed in eastern europe. they own 80% of eastern you're opponent banks which are faltering. >> brown: that's still.... >> right. on the issues exchange rate i think it's long overdue. the euro was overvalued. there is nothing substantial happening in europe to warrant this kind of an exchange rate against the dollar except for weaknesss in this system. i think that the market is catching on that the european recovery will be longer and more stalled out than ours perhaps. >> brown: all right. we have to leave it there. thanks very much. >> thank you. >> ifill: again, the other major developments of the day. nato and afg

interests like big oil and big banks and health insurance companies have had on the legislative process. now with this decision, already- powerful corporations and unions will be able to further open their bank accounts, further drowning out the voices of everyday americans in the political process. >> i can't imagine a greater threat to independent decision making by this body than corporations implicitly or explicitly being able to say, if you don't follow my line, i'll single-handedly put enough resources into this contest to defeat you. >> moyers: but republicans who for the most part were pleased with court's decision took issue with the democrats' dire warnings. >> he who has the most money does not always win. indeed, many times he who has the most money spends it stupidly and ends up helping the other side. just because someone has the right to speak does not mean that he or she will speak intelligently or effectively. >> it is obvious that many individuals, especially on the democratic side, disagree with the supreme court's decision. but all of these points lead in one direction, toward the government deciding who can speak, who can't speak,

helping the credit unions and small banks to get more loans, making sure there is a tax credit for smallbusinesses. those are the kind of solutions that matter. and just as dr. sue jay told us this morning about moses bring the israelites to the promised land. moses was never allowed to enter the promised land. that was up to joshua. every elected leader in this room is part of the joshua generation. president barack obama said, he was leading the joshua generation. what that means is it is our responsibility to move forward to this struggle to the promised land. now, there will be obstacles in the way. joshua did not have it easy. he had the walls of jericho in front of him. god told him what we have to remember ourselves, if you want to bring those walls down you need to speak in one voice. one voice together, all in unison to break down those walls. that is exactly what joshua did. the walls came tumbling down. that is what we, as elected leaders and community leaders and activists, we will come t ogether through these struggles and brew will be victorious. we will make a difference f

suggestion that the small business administration could do a better job of commercial lending than banks and credit unionsi am not leav. totally informed. the reason why our banks are not lending is not that they do not want to. it is a combination, as mr. smith and mr. turnbull have testified -- a combination of post-cyclical regulation. it is a combination of that with illiquidity in loan portfolios triggered by the fact that there is no secondary market, particularly for commercial loans. , and reserve requirements that lead to a lack of collateral to back up their loan portfolios. with respect to the last issue, i would like to ask mr. turnbull why he agrees that a loan guarantee is a key to unlocking these illiquid portfolios. >> mr. minnick, some comments were made about the community banking system, whether they are the cause of this problem. i submit that in our market area we have good community banks and that community banks. that community banks were part of the problem. now, community banks are in the same soup because of this illiquidity. a large percentage of their loan portfolios are in rea

that guidance came after western union posted a drop in quarterly profits from a year ago and matched expectations. regional bank p.n.c. was the second most active stock on the big board, dropping by almost 2%. the bank will sell $3 billion worth of stock and issue new debt to pay back tarp. tomorrow, consumer stocks with earnings from clorox, kellogg, and sara lee. and that's tonight's "market focus". >> susie: yahoo is selling its online help wanted site hot jobs to rival monster worldwide. the price tag, $225 million in cash. the deal is yahoo's latest move to dump assets that aren't doing well and focus on its web properties and advertising business. as part of the deal, monster.com will give yahoo job listings and other material on employment. monster hopes to take control of hot jobs by this fall. >> tom: tonight's "street critique" guest says look for winning stocks in a choppy market. she's hillary kramer, at ang capital research. welcome to the program. stocks took a hit in january. any sense that there's a change in momentum? >> there's volatility, that's what we'll continue to see. as long as we have

be addressed by president obama in his state of the union address tonight but he is also expected to talk about reforms for the regulation of the bankingystem and no country was left more exposed to the failure of the banking system than the united kingdom. president obama has called for retail banks to be prevented from getting involved in large-scale proprietary trading. what is the government not supporting the president's proposal enthusiastically and working to bring these about? >> we are working closely internationally including one with president obama. they have different structures and different problems in the banking system which they are seeking to address and we are seeking problems in our banking system but it is important to work together internationally to be sure we can deal with the problems that have so affected all of our economies. >> it is important to work together internationally but the prime minister says he did not envy the divide in future between retail and corporate deposit taking and investment trading conducted at the international level. that is the prime minister's position which is different from the

administration or any government agency could do a better job of commercial lending than banks or credit unionsdo not want to. it is a combination, as mr. smith and mr. turnbull have testified -- a combination of post-cyclical regulation. it is a combination of that with illiquidity in loan portfolios triggered by the fact that there is no secondary market, particularly for commercial loans. , and reserve requirements that lead to a lack of collateral to back up their loan portfolios. with respect to the last issue, i would like to ask mr. turnbull why he agrees that a loan guarantee is a key to unlocking these illiquid portfolios. >> mr. minnick, some comments were made about the community banking system, whether they are the cause of this problem. i submit that in our market area we have good community banks and that community banks. that community banks were part of the problem. now, community banks are in the same soup because of this illiquidity. a large percentage of their loan portfolios are in real estate. they have no place to take those. because of that illiquid position, they are cap

we're trying to increase that credit, helping the credit union and the small bank to makes more -- toake more loans. tax credits for small businesses. those of the types of solutions that matter. and just as the doctor told us about moses, bringing the is rely to the promise line, moses was never allowed to enter the promised land. that was up to joshua. every elected leader in this room as part of that joshua generation. president barack obama said that he was leading that joshua generation. it means that it is our responsibility to move forward through the struggle to the promised land. there will be obstacles in the way. joshua had the walls of jericho in front of him, but we have to remember, if you want to bring those waltham, unique to speak in one voice. one voice together, all in unison, to bring down those walls. and that is what joshua did. the walls came tumbling down. and that is what we as community leaders and activists, if we come together in the struggle, we will be victorious, we will overcome, and we will make a difference for every family in new york. god bless you.

we're trying to increase that credit, helping the credit union and the small bank to makes more -- tomake more loans. tax credits for small businesses. those of the types of solutions that matter. and just as the doctor told us about moses, bringing the is rely to the promise line, moses was never allowed to enter the promised land. that was up to joshua. every elected leader in this room as part of that joshua generation. president barack obama said that he was leading that joshua generation. it means that it is our responsibility to move forward through the struggle to the promised land. there will be obstacles in the way. joshua had the walls of jericho in front of him, but we have to remember, if you want to bring those waltham, unique to speak in one voice. one voice together, all in unison, to bring down those walls. and that is what joshua did. the walls came tumbling down. and that is what we as community leaders and activists, if we come together in the struggle, we will be victorious, we will overcome, and we will make a difference for every family in new york. god bless you

it would also help responsible institutions like community banks and credit card -- credit unions by the senate to follow the house's lead in including a strong consumer rights agency and financial reform. thank you and i yield back. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> mr. speaker, i rise to address the house for one minute and to ask unanimous consent to revise and extend. the speaker pro tempore: without objection, the gentleman from texas is recognized for one minute to address the house. mr. olson: mr. speaker, i rise today to discuss nasa funding. the president's proposed budget would end the constellation program and shift funds to private companies. effectively killing united states human space flight. this shift to the private sector is not a taxpayer savings. the federal government has already spent $9 billion on nasa's constellation program. the new budget proposes to spend an additional $2.5 billion to kill the constellation and billions more will be spent on un-- private sector entities. so we're wasting $11.5 billi

banks are not lending. i want to the credit union, and they said they will give you a loan but most of the banks are not loaningf these things in the mail about this finance companies will give you all you want but at these astronomical rates. host: let's go to lee on the independent line from cincinnati, ohio. caller: i just wanted to agree with the caller who said there is a scam. it seems like the only people who can get loans right now is if you already have money -- that's all i got to say. thank you appeared host: -- that's all i got to say. thank you. host: jerry on the independent line. caller: good morning to you. basically two little stories. actually my wife and i bought our house through a credit union, and back in september -- you know, it is one of the arm loans and it was going to go up 2%. i called the loan officer who gave us the loan and asked her what we could do and she said to do a loan mod. i said, how? she said, well, give me your phone number, and she faxed me a one-page form with her information on it. we signed it, faxed back to them and about three days later it was done. so, the loan

banks. go to bankrate.com, moneyrate.com, try to figure out credit unions, places you can go where they have free checking and read the fine print. >> hopefully, you've helped jessica. we have many more questions to get to, whether you'd be liable, for example, for a family member's debt if you're an authorized user on their card. and later, we'll also talk about must-have gadgets for your kitchen all for about $100 or less. [ male announcer ] where are people with moderate to severe rheumatoid arthritis going? they're discovering the first self-injectable ra medicine you take just once a month. it's simponi™, and taken with methotrexate, it helps relieve the pain, stiffness, and swelling of ra with one dose a month. visit 4simponi.com to see if you qualify for a full year of cost support. simponi™ can lower your ability to fight infections, including tuberculosis. serious and sometimes fatal events can occur, such as infections, cancer in children and adults, heart failure, nervous system disorders, liver or blood problems, and allergic reactions. before starting simponi™, your doctor shoul

among them, the various organing of the european union and the united kingdom, the bank of england.ng a template for reporting of information of the large internationally active financial firms. now, this is of course not an easy undertaking for any one nation much less for the world as a whole. but it is something which the financial stability board has taken on as a task. there have been some preliminary discussions on how to organize the work of seeing if we can come to an agreement on a template for reporting of the largest, most active, globally active, financial institutions. it is far too early to report progress there, senator but i can say that theç effort has bn launched. down a legislative path which we hope will incorporate this systemic collection of information. i have brought legislation in a want to thank dr. mendell and others for their help. this will have to be an effort that goes beyond to understand this. it is important we begin here. there is the issue of sovereign behavior. the greek government is now in a very serious crisis which is rattlingÑi the markets.

. >> but total you would say it's the same pretty much as you could get if you want to a bank or to a credit unionfinancing sources to? yes. >> within 25 basis points usually. >> if we could just talk about the good for them and i'm wanted a picture of what's going on. with the dealers, you're still financing about the same proportion of dealers that you didn't precrisis in 2007? >> similar. and now we've added chrysler to that equation and we're similar penetration similar puzzle minus. >> plus or minus you would say it's about the same. that's one your time he did not good at? >> correct. >> that's the one you held steady. how about the rates? the rates that you charge, the interest rates on these loan? >> i think the rates that we charge to the dealers are, i want to say competitive, but the reality is i don't think many of these dealers have a lot of alternatives, and so i would say relative to what i recalled the general credit worthiness of the dealer community, they're actually pretty attractive. >> can you give me an idea of what the rates are generally that dealers are paying? >> it varie

the european union must stand behind those governments, and just as important, the eu and the european central bank must stand behind the euro currency, which has now plunged from $1.50 to $1.37 and is still freefalling. i believe they'll act responsibly but the eu and the eif raise taxes to balance their budget it could spell euro disaster. but then, again, is it so far-fetched to say that they're not following the same big spend and borrow policies as europe? you know, moody's says the u.s. government debt could be downgraded in future years and a whole slate of tax site proposals beginning with bank tax and multicorporate tax hikes and a failure to end tacks. all of this stuff, they will not extend the bush tax cuts. all these things are penalizing exactly the people who are most likely to invest in economic growth and recovery, and that, too, is an ongoing cause of the 700-point stock market. cisco's john chambers is very optimistic. we'll play his later. business investment is rapidly recovering. chain store sales picked up more than 3% from a year ago. those are all very positive signs. of co

to address the issue of information among them the various organs of the european unions and the united kingdom, the bank of england. the g20 itself has issued a couple of recommendations that are particularly salient to this question on developing a template for reporting of information of the large internationally active financial firms. now this is of course not an easy undertaking for any one nation, much less for the world as a whole. but it is something which the financial stability board has taken on as a task here there have been some preliminary discussions on how to organize the work of trying to see if we can come to agreement on a template for reporting of the largest most act as globally active financial institutions. it's far too early to report progress there, senator, i can't say that the effort has been lodged. >> well, thank you governor. as you know we're proceeding down and i think appropriately so legislative that which we hope will incorporate the systemic collection of information. i've got legislation in and in fact i want to err mendelowitz and professor liechty for their profess

meeting, but outline a proposal that he talked about in the state of the union to increase small business lending through community banks he talks about. iurqp)d from small businesses across the country that want to expand, that needçó a loan to make payroll. we want to ensure that for those that want to add jobs, for those that want to start a small business, that they have the capital to do so. ñr>> following up on the commission, can you understand, though, the skepticism of people who look at this budget and say there really isn't a lot of specific cutting going on here, we're going to rely on this blue ribbon panel down the road, and don't you think the average american is going to say you're kicking the can down the road here? >> no, no, chip -- chip, i think if you look at what the budget does over the next several years in going back down to a percent of gdp, you'll understand that these are not decisions that are not being made. secondly -- >> but you are relying very heavily on what this panel would do in order to bring deficits back. >> no, i don't think it's relying very heavily, but i think it's -- is there

union. my hope would be we can all agree on a mechanism to get community banks who are lending to small businessesse that is something i keep on hearing is one of the biggest problems small businesses have out there. i think it is realistic for us to get a package moving quickly that may not include all the things i think need to be done, and it may be that the first package build some trust and confidence that democrats on capitol hill can work together, and we move on to the next aspect of the package and so forth. it may take a series of incremental steps, but the one thing in clear about is that we have an economy that is growing now, a huge boost in productivity. that is the good news. the bad news is companies still have not taken the final step in putting people on the payroll full-time. we are seeing an increase in temporary workers, but they have not yet taken on that full-time worker. so, providing for the additional impetus to them right as the economy is moving in a positive direction i think will yield up good results. >> when can we see you again? >> tune in to booktv for a three-day

among them, the various workings of the european union and united kingdom, the bank of england. -- bgehe g-20 have after some questions salient to this. they have developed a template for reporting information of the large internationally-active firms. this is not an easy undertaking for any one nation, much less for the world as a whole. it is something that the financial stability board has taken on as a task. there have been some preliminary discussions of trying to seek if we can't come to agreement on a $#' $d$)á)á this. it is important we begin here. there is the issue of sovereign behavior. the greek government is now in a very serious crisis which is rattlingÑi the markets. there is some indication thatçó derivatives and credit defaults swaps have come into it. apparently, there are reports that investment banking firms have helped them legally avoid a situation. the long and short of it is that we also have to include sovereign entities in terms of data collection. >> one of the lessons that the international community drew from some of the -- some of the sovereign debt crises

and i find it interesting that when the president in his state of the union speech said we're going to impose a tax on the banks he's talking about banks that either never took tarp money or banks that have paid it back. the tax does not apply to fannie mae, freddie mac. they haven't paid back the money. it does not apply to a.i.g. it does not apply to general motors. none of them have paid the money back. so if you're going to have a tax, impose it on those who haven't paid the money back. don't put it on those who either never needed the money or didn't take it, but in any event who have paid it back. third, let's rescind unobligated stimulus money. the stimulus has already proven by most accounts to be a failure in terms of creating jobs where the money has been spent, and that's even using the administration's own standards to measure its success. so let's use the money that has not yet been spent or obligated to pay down the debt. again, remember, most of that money has to be borrowed, and therefore let's just not spend it in the first place, thus reducing the future debt that's included in the president's

banks and continue to work with the other new lenders. >> do you think that if we were to raise the level for credit unions from their present 12.5% and raisenistration about small businesses being the answer to the growth in our economy. we need to have some money where the mouth is. put the money with the sba. get the money into the pockets of small businesses so we can grow those businesses, create jobs, and turn the economy around. >> instead of giving the $30 billion to banks, we should instead give it to the sba? >> correct, with a direct lending program. >> i see. is that your assessment, t o o? >> to understand the problem, you need to understand where the banks came from. before the crash, they were not doing a lot of business loans anyway. before the crash, they were focused on mortgage loans. it is easy to send an appraiser to a property, find out what the value is, and make a loan decision. it is more difficult to have the time and resources to evaluate someone's product potential. if i show a bank by business plan, they do not have the people qualified to review them. they are not set up for it. they do not feel comfortable wit