and let me warn you, political will will never be

but many didn't warn us. so why? alan blinder was vice chairman -- vice chairman of the fed in the 1990s. >> i think the fair answer is nobody thought this might happen. things can go wrong. but the number of things that have gone wrong and the ferocity with which they have gone wrong, i think, was beyond the imagination of almost everyone. >> reporter: or as standford's caroline put it. >> it is easy to say this individual housing and mortgage business is risky but it was very difficult, for even a very good economist to say i understand how all of these different investments when they all start collapsing together, even just a little bit, are going to aggregate up and roll on to one another it is like understanding how all the dominos are going to hit one another. it is a much tougher problem. >> reporter: and how you can ever know that ised finance professor. >> disasters can happen at any time. in fact, what makes them disasters is we're not expecting. if we were expecting them, they wouldn't turn into disasters.

24 days of grueling debate, republicans had done everything they could to stop the bill, and they warned it's not over. minority leader mitch mcconnell: >> i guarantee you that people who voted for this bill are going to get an earful when they finally get home for the first time since thanksgiving.

there were warnings. think -- it is t job of the federal serve to be on top of financl danger, to be skeptical abt speculative activityn the system, to both warn and to t. and it's chacteristic in advance of crisis that that is very diffilt to do, but it is their responsibility, and whe i agree with alice tt action a very, very large scale was warranted and carried out,n the wake of the cris i also think it's a mistakeo personalize this too muc ben bernanke plad a useful role, but so did t congress in extendg insurance on bank deposits. soid the president, in putting the exchange stabilition fund to work behind the commercial-paperarket. in many ways, this was aeam effort, and itould not be right to do what "timemagazine did today and sentially attribute it to the extraordinary pors of a single invidual. >> lehrer: alice rivlin also just said that he was thright man athe right time to go foard -- in other words, to meet the cris head-on. you dot see it that way at all. >> well, as i say, ihink ben bernank

officials failed to act on a warning from abdulmutallab's own father. >> had this critical information was shared, it could have been compiled with other intelligence and a fuller, clearer picture of the suspect would have emerged. the warning signs would have triggered red flags and the suspect would have never been allowed to board that plane for america. >> an al-qaeda offshore shoot group claims it was behind the airliner plots- nd had provided the home-made bomb that failed to explode. abc news obtained this photo of the bomb, reportedly a packet of the chemical petn, sewn into his underpants. today's "washington post" cited federal sources saying there was enough explosive in the packet to blow a hole in the side of the airplane, if it had gone off. there were also reports today of extensive internet postings by abdul mutallab. his facebook profile shows him dressed in a pink polo shirt and lists 287 people as "friends". but his postings on the islamic forum website painted a picture of a conflicted, lonely man. in january of 2005, after a time at a british boarding school, he wr

warning that the british enterprise would diminish? >> if we don't get the u.n. in this speech and we don't make a serious effort, the first instance of regime change -- >> that would be assuming that the prime minister continued to support for the policy. people often cite the analogy of vietnam'. he did not go to vietnam, but he supported the americans. >> if you forgive me, it is not a wholly -- it was a bad period for u.k. - u.s. relations. the fact that he smoked a pipe in the u.s. office was offensive to some. the thing about anglo-american relationships, it is not characterized by its stability. it is characterized by volatility, an extraordinary ups and downs. >>xdçó i was not talking to -- >> it was interesting. >> it is an extremely interesting question. but i am interested in the a fallacy -- in the question of a policy. the prize and actually sending forces -- >> i could see the prime minister blair, given what he had seen in 1998, given where he was coming from, would have ever done a harold wilson if i can put it liket ha

does that mean he's going to get his miranda warnings and the only kind of information we want to get from him is if he volunteers if? he's not a citizen of this country. he is a terrorist. i don't think he deserves the full range of criminal protections of our criminal justice system as embodied in the constitution of the united states. >> larry: you miss being in the hunt? >> i miss working with the extraordinary group of men and women who helped me build the department, and frankly i miss not knowing. you asked me some questions. i wish i could provide you more specific information if it was possible to do so without violating confidences. i still stay in tough with a lot of good people who continue to work hard and keep america safe. >> larry: we'll keep constantly in touch with you. >> thank you very much. >> larry: happy holidays. >> same to you. >> larry: governor tom ridge, the first u.s. secretary of homeland security. >>> will tighter airport security make flying safer? go to cnn.com/larryking and answer it. we'll be right back. it from me, but this malibu, it offers better

>> i think he was adequately warned. and the policies are at that level to notify athletes of the potential risks of positive tests in taking supplements. >> who notifies the athletes? >> the league and hopefully the union. >> what were the facts of the mark mcgwire case? >> i think it came out publicly that he used andro. i do not know he received any sanction of his use for it -- use of it. it was a scheduled three controlled substance. >> he declined to testify before a congressional committee due to self-incrimination, correct? >> that is exactly right. >> do you think congress has the authority to legislate and overruled the court of appeals opinion in the eighth circuit and enforce those laws? >> i think so. >> i will yield to senator hatch. i will observe the time limits. >> it is an interesting hearing like everything else. law enforcement can only do so much. the laws are certainly clear that these are -- these kinds of products are illegal. we wrote them carefully so they would be. it basically comes down to we

going to do to make sure more information, particularly with that kind of information that sends warning signals out, gets to the people that can act on it. whether you're in the battlefield in iraq or afghanistan or a screener at the airport, you need actionable nfg. i'm not sure all this information was in the hands of tsa at the time. >> larry: should the president have spoken sooner? >> well, i think those decisions -- i'm going to leave that to the white house. i think he had secretary napolitano out there speaking, and i think she clarified that one -- the statement she made yesterday. i understood what she was talking about. i don't think any right thinking person actually believed that secretary napolitano thought the system worked. obviously, it was flawed. i think what she was referring to was that after the incident occurred, there are certain procedures and protocols to put in place. that worked smooutly. when you have somebody on the counterterrorism watch list who has bought a one-way ticket and paid cash and his father, his father shows up at the counselor's office, a repu

. >> the people were warned not to come out but they've overcome their fear. people feel they can do something. and they don't want to give up what they've started. >> reporter: in tehran the revolutionary guards much-feared militia were filmed patroling on waves of motorbikes and eye witnesses said they used electrical truncnon and stun guns to break up the crowds. the state media covering this pro-government march appeared short on detail on the day's events. >> meanwhile a number of anti-government protestors attempted to hijack the occasion to hold rallies in tehran. their efforts were foiled by the presence of security forces which were deployed in several parts of the capitol. >> reporter: there was no sign today of leading opposition figure hussein moussai but he issued a statement yesterday. they are asking us to forget about the election results, he said. but even if you silence all the universities, what are you going to do about the society itself. >> suarez: hundreds o >> lehrer: hundreds of students also marched through somalia's capital today. th

forecasters also warned flights would be delayed or canceled from chicago to denver. hundreds of police officers turned out in tacoma, washington today for a memorial service honoring four of their fallen. they were shot and killed last month at a coffee shop. later, police in seattle killed the suspected gunman. today, a procession of hundreds of police cars moved from an air force base down streets lined by somber crowds. the memorial service was held in the tacoma dome. the u.s. government will pay american indian tribes $3.4 billion to settle a suit over royalties. the deal ends a 13-year lawsuit brought by the tribes. they claimed the interior department cheated them out of billions of dollars in oil, gas and timber revenue dating back to 1887. the proposed settlement must be approved by congress and a federal judge. wall street had a down day, over a new case of jitters about the global economy. the dow jones industrial average lost 104 points to close just below 10286. the nasdaq fell 16 points to close a fraction under 2173. those are some of the day's headlin

the port said the pakistan were warned last month that unless ty do more, the u.s. is ready to step up attac by drone airaft and resume ecial operations raids in pakistani rritory. >> lehre there is skepticism, as well as support, fromoth democrats anrepublicans in congre. we hear from two skeics now following r newshour intervws the last several days with administration ofcials advancing e president's program. mike pence, republican o indiana is aember of the foreign affaircommittee and hos the third spot in the house g.o. leadership. james mcgovern, decrat of masshusetts, has been a critic of the mcchrystal, n the president's an, from the beginning. congressmamcgovern, you remain opposedo sending 30,000 troops to afghanistan? >> i do. i think it's a mtake. i'm not quite re what the missn is. our enemy is al qaed they're in pakistan not afghanisn. we're ld that maybe there's 100 members al qaeda in afghistan. do wneed that many troops to after 100 members of al qaeda? you mentiod earlier on your show that secretary tes meetg with president karzai and president karz

better warning systems. while a scientific consensus says man is responsible for global warming, michaels, like senator inhofe, says money is the prime motivator. >> you write a proposal, you tie it to climate change, you've got a good chance. >> you know, nothing could be further from the truth. in fact, i'm a good example of that. because when i first spoke out about this in 1981, i ended up losing my funding. >> dr. james hansen doesn't believe scientists are simply chasing funding. hansen with nasa's gottard institute for space studies was one of the first to bring climate change into the consciousness. hansen was nearly alone back then. but today he's brought the vast majority of the scientific community to his side. we are changing our climate, he says, and are risking a different planet. he rejects nearly all of the skeptics' points. from moderate estimates -- >> we're talking about several meters of sea level rise if west antarctica begins to go unstable. >> -- to computer modeling. >> that's another

he warned him not to let slip that the rabbi and his wife had already been murdered. >> as the terroristsed for the indian government to call, the holtzbergs 2-year-old son wandered among the bodies, including those of his mother and father. the little boy's nanny, who had hidden inside the house overnight later snatched him and escaped. after much delay, 400 commandos had arrived from delhi to take over the operation. they began to engage the terrorists. on the 18th floor of the oberoi hotel they cornered two gunmen who by now had murdered 35 people at the hotel. >> the next time professor wasi called fahadulla was still hiding in the bathroom. [ gun fire ] >> it was 10:00 p.m., 24 hours into the attack and the call from the indian government to nariman house had still not come. again brother wasi turned to his superiors. >> for an hour the gunman hesitated. finally brother wasi's patience ran out. >> friday dawned, 36 hours into the attack. brother wasi told the gunmen at nariman house it was time to die. >> nine hours after the jewish hostages were murdered, the commandos finally attac

warned in 2004 of an epidemic in mortgage fraud. here's what the bottom line is: the bottom line is that there are -- the key responsibility of the fed is to maintain the safety and soundness of our financial institutions and they failed. they failed. and as a result of the greed and speculation on wall street, which the fed should have been observing, which the fed should have acted against, which the fed should have warned the american people and the congress about, they did nothing, and our financial system went over the edge. and then, mr. president, after not doing their jobs as a watchdog, not fulfilling their obligation to protect safety and soundness of our financial system, then the financial collapse occurred. and what happened? what the fed did is provide not only -- not only the -- that congress put $700-plus billions of dollars into the bailout, the fed provided several trillion dollars -- trillion dollars of zero interest loans to large financial institutions. and, mr. president, when i asked chairman bernanke which fi

said it was warning to the military: your famies are now targets.death, beltran leyva wa among the most powerful mexico's drug lord- the self- proclaimed "boss of sses". he had conlidated his position through utal warfare with other drug runners, and withhe mexican governnt. mexico's attornegeneral said beltran-leyva's ath might now ad to a powestruggle. >> ( translat ): and this will for sure force them to restructe. it's not unlikely th there will be violence witn the cartel until t new head is defined. >> reporte which can only mean moreisery for a country where drug-related violence s killed 15,000 people over theast three years. it was once rgely confined to e region near the u.s. borde -tijna, juarez, nuevo laredo-- but hanow spread nationwide. as the killingscalates, president calder has sent 45,000 troops intoeveral mexican states to reste order. and s. officials are working concert with mexican authories to runown the traffickers th south and north of the border. attorney general ec holder spoke in octob after raids in thu.s. netted 300 sus

. >> warne president obama mod closer today to making od on his promise to close the prison at antanamo bay, cuba he ordered the federal government tacquire an underused statprison in rurathompson, illinois. the pl is to transfer up to 100 guantanamo terror suspts to the thompsocorrectional center 150 miles west chicago along the miissippi rir. illinois was officially notifiedn a letter from the secretaries of statedefense and homeland security us the attoey general and director of national telligence. after a briefing at thwhite house, governor paquinn and senar dick durbin told reporters why they enthusiastically back the move. >> this is a great opportuty. our ate unemployment numbers, the most recent es, were 11%. in some parts of the state like northwesterillinois, even higher. people are desperate f good jobs. this jobs we're talkg about here are some of the best . over 3,000 n employees in this area, half of them om local people. >> warner:ut the senate's top republican mch mcconnell said the plan wod make illinois a target fo terrorists. >> gitmo-norths something the american pe

and let me warn you, political will will never be stronger. is is o chance. if we miss this one, it could take years before we get a new and bter one, if we ever dd. reporter:.n. climate leers are seeking a obal ledge to cut emiions worldwide5 to 40% by 2020. they called o the conferees not to be put of. >>he time for formal statements isver. the time forrestating well-knwn positionsis past. reporter: president obama has cald for a 17% reducon in u.s. emissions by 2020, from 2005 lels. and an 83% cut by 2050. china and india also talk of cutting carbondioxide emission rates by 25 to 45%. >> it's hot in here. >> rorter: climate activists such as these stents outside the coerence also were trying o raise awareness. a woman from fiji chely handed in a pition signed by 10 mlion people asking gotiators to help countries like hers. >> we need a deal thatis air to the poest peop and nations, nations that have had litt or nothing to do with the issue, b that will affectedhe most. >> repoer: in washington the environmentalrotection agency formay declared greenhouse ga

the nation weather service sued blizzd warnings from texas up to minnesota. state police warned of danrous conditions, and urged driverto rry water and flashlights. >> if you're on a ad and you see red lights, treat like a school zone-- puthe cell phone down, put your coffee downboth hands on the wheelfocus. >> sreenivasan: in kansas,inds gusted to nely 40 miles an ho and visibility was nely zero. one interstate was cpletely covered by ice but it wasn't justoads that were frozen-- inebraska, icles clung onto power lines and weighed down trees which dropped branches isome unlily places. >> all of a dden, i heard this big bang and this is what happene >> sreenivasan: there werelso air delays all across e midwest, but se people made thbest of it. >> i never spent theight in the aiort, so i think i'll enjoy it. >> sreenivasannearly 100 flightin minneapolis were cancelled and dozens of flhts were deled. officials the were preparing for the worst. we'rlooking at total acculations now through friday, 15 to 20 inch rang there. >>reenivasanand farther south,eavy rain

the national weather service issued blizzard warnings from texas up to minnesota. state police warned of dangerous conditions, and urged drivers to carry water and flashlights. >> if you're on a road and you see red lights, treat it like a school zone-- put the cell phone down, put your coffee down, both hands on the wheel, focus. >> sreenivasan: in kansas, winds gusted to nearly 40 miles an hour and visibility was nearly zero. one interstate was completely covered by ice. but it wasn't just roads that were frozen-- in nebraska, icicles clung onto power lines, and weighed down trees which dropped branches in some unlikely places. >> all of a sudden, i heard this big bang. and this is what happened. >> sreenivasan: there were also air delays all across the midwest, but some people made the best of it. >> i never spent the night in the airport, so i think i'll enjoy it. >> sreenivasan: nearly 100 flights in minneapolis were cancelled and dozens of flights were delayed. officials there were preparing for the worst. we're looking at total accumulations now through frid

obama called the leaders of american banking to the white house today and laid on a challenge and a warning. newshour correspondent kwame holman begins our coverage. >> holman: the face-to-face at the white house lasted well over an hour, longer than expected. nine major bank executives attended, with three others conferenced in. >> i've just finished a candid and productive meeting with the ceos of 12 of our nation's largest financial institutions. >> holman: the president pointed out, many of the banks faced bleak prospects just a year ago and might not have survived without government help. >> when many of these institutions were on the verge of collapse, a predicament largely of their own making, oftentimes because they failed to manage risk properly, we took difficult and, frankly, unpopular steps to pull them back from the brink, my main message in today's meeting was very simple, that america's banks received extraordinary assistance from america's taxpayers to rebuild their industry and now that they're back on their feet, we expect an extraordinary commitment from them to help rebu

fda has distributed warning letters to those to distribute anabolic steroids and it has the capacity to issue more letters and take more formal actions as appropriate. effectively addresses the problem of designer drugs that are formulated to prevent the -- tour -- to circumvent the scheduling process. they will typically be new, within the new -- the meanings of the provisions, that requires the approval of new drug applications are the submission of new dietary ingredient notifications. as is also been mentioned, recent reports suggest that there are some products on the market whose labeling does not declare the presence of anabolic steroids that are detected and laboratory test. they might be surreptitiously added to what might otherwise be lawful product. they are clearly illegal under multiple provisions of existing laws. the food and drug act, for example, prohibits the addition of the deleterious subject -- substance. it requires a label disclosure of ingredients as dr pepper can said. what is on the ball must be on the label. as with the provisions of the law relating to new

. >> warne and i'm mgaret warner. on the newshour tight, the president outlid stepped-up security measures for air passengers. >> ifill: how dithe bomber get thugh security? and whacan be done to prevent another attack? we'll sort it out. >> warner: th, authorities in iran arreed key opposition figures aftereekend protests at killed at least eight. >> ifill: a different anglen the health cardebate. ray suarez h the story from southf the u.s. border. >> thousands of america that can't afforthe health care ey need, are headi abroad to search foit, i'll have report from meco. >> ance end of the yar conversation abt the financialcollapse with >> warner: d an end-of-the- year conrsation about the financl collapse with writers andrewoss sorkin and john csidy. >> seems to be alive and well and frankly there hasn'been much reform out of washington. >>that's all ahead on night's cbs newshour. maor funding for the pbs newshour is provided by: >> what the world needs now is energy. the energy tget the economy mming again. the en

to the generals, admirals are warning. what is the message? that no warning is necessary.but there is a warning that should be there, and that is they spread misinformation to keep you addicted to their products. the product was once tobacco and the fumes were being sent into the lungs of americans, and now we have a second product, which sends up a different kind of fume, but one which is completely on healthy, -- completely not help, not only for the citizens of our country but for the coal -- for the entire country for the world. they're out trying to take a very exploitable set of scientific data and use them in a way that is trying to distract away from the central set of actions which need to be taken to create a clean jobs revolution in our country. tobacco, imported oil, which threatens the national security, and our economy, and in the bargain reduces dramatically to greenhouse gases that we send up into the atmosphere, reducing the threat of global warming and climate change. that is what their agenda is all about. that is what this fight is about. we did not exp

awarding ben bernanke man of the year is something like a warning and -- all warning -- all warding and arsonists for helping to put out a fire that they just put a match to. the federal reserve has a mandate of book price stability and maximum employment. we just had the largest by of unemployment since world war ii under ben bernanke's ages. -- aegis. it is worth examining the abuse that contributed to that calamity and whether ben bernanke has learned something from it. allen ginsburg came to the committee and said that he got it wrong, -- alan greenspan came to the committee and said that he got wrong. it is worth the senate committee asking bernanke, did you get it wrong? why do you think you got it wrong? what have you learned from this calamity? how have your views change? it is not does not to say, as bernanke said, that a lot of regulators got it wrong. we are not appointing a lot regulators to be the head of the fed. it is not sufficient to say that a lot of the crisis was not under his purview. he was the head of the federal reserve and we expect the federal reserve to be in

messages, including tornado and flood warnings, amber alerts. and it is in memory of c.j. martin, a 2-year-old boy, who was killed in a tornado in southwest indiana in 2005. his mother, kathryn, helped pass a state law by requiring the manufactured housing industry to install weather radios in all new manufactured homes. manufactured housing in this country has replaced a lot of substandard housing and it provides very affordable housing. it is clean and it provides an extraordinarily good home. despite rapid advances in tornado warning technologies, residents of manufactured housing communities often do not have adequate access to proper shelter. many residents of homes -- whether it is a basement or interior room. that is why congress passed the tornado shelters act which was signed into law in 2003. that bipartisan bill authorized communities using community development block grant moneys to construct or improve tornado shelters located in manufactured parks. unfortunately, this program is not used often enough. h.r. 320 represents the final

consumers must have properly maintained alarms to warn them about the presence of dangerous c.o.4 is an american national standards institute or a.n.s.i. standard that requires input from medical experts, approval bodies, government agencies like the cpsc, the national fire protection association, users and manufacturers in order to create a robust standard of performance. first published in 1992, ul-2034 has gone through several revisions, each based on years of field test data intended to progressively strengthen the standard. kidde supports the standard because it tests the design for electrical safety, mechanical robustness and the accuracy of c.o. production over time and in different environmental conditions. u.l. 2034 is continually reviewed by a standards nick call panel to keep pace with technology advances and past lessons learned. this process has lead to the creation of c.o.-sensing technology that's more advanced, stable and reliable than past generations. to date, 23 states have enacted laws requiring alarms in residential dwellings and while most mandate the alarm

a spokesman for president obama warned against steps that preempt negotiations.thailand has closed down a refugee camp of more than 4,000 ethnic hmong, and begun forcibly deporting them back to laos. government troops accompanied every truckload of deportees today. the thai government said they are illegal immigrants and not political refugees. human rights groups said they fear the hmong will be persecuted in laos. the u.s. state department asked thailand to stop the action. there was good news today for u.s. retailers. new data from master card showed holiday spending was up more than 3.5% over last year. and wall street gained today as well. the dow jones industrial average was up nearly 27 points to close at 10,547. the nasdaq rose five points to close at 2291. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. but for now, back to margaret. >> warner: now, we turn to the confrontation in iran. the regime struck at its opposition again today on the heels of ye

seven states with blizzard warnings posted.ou might be asking yourself, what's going on in the air space? are planes flying? are they grounded? no. 3,000 planes still in the sky at this hour. and for this hour of the night, that's a pretty high number. i'm thinking some planes probably got a little bit delayed, tsa lines were a little bit long today as all of the extra security, going into probably place. i have a 6:30 flight tomorrow morning. i can imagine what my line is going to be like already. that's the snow from minnesota back into kansas. that's the entire area with the blizzard warning. so flying might be your best bet tonight considering what visibility is like in here, basically zero. winds are 40 miles per hour. heavy snow coming down. and it's not going to get better until at least morning. and for the most part, i wouldn't say travel would be at least until the noon hour tomorrow as at least you'll be able to see something. the sun may come out a little bit for you and you may get roadways clearing out there. >> c

but what i don't understand is why there weren't any groups even though they plainly had warning of it because they were like schiller was saying we're in some great exposure here. and yet nothing was done to protect against that. and they weren't in the same positions in the people on the wall street who made -- >> well, i mean, the norm shift. the appetite of work shifts. think of the hyman minsky our tolerance of risk is cyclicalal and as we get farther in a boom which start to convince ourselves which essentially what happened collectively that risks that unacceptable but acceptable but desirable. and there's so much money involved that you have to go further out on the risk curve just to get a little more spread. now, some people are smarter than the market. that's always going to be the case. but in the main, we all fell for it. and let's remember that, you know, alan greenspan said back in 1996, i'm a little concerned that the market is being governed by excitement and that's nice but he didn't back that up with an increase in the interest rate and moreover, there was exuberance

in 2010, that the two minute warning in football is right now for the 2010 election.t will give them lots of time to raise money and prepare for what could be a difficult political environment. we have obama. once he clicks into the campaign mode, that will get voters to the polls. that is much easier said than done pretty using a popular president to motivate voters to get them to go vote and they don't feel like it will be a tough job. that will take every ounce of ability these guys have to be able to increase the turnout. i was involved in an ohio campaign this pasture, a casino campaign, our entire goal was to try to increase the turnout among the two dozen 8 obama voters. it was extraordinarily tough to do. we spent tons and tons of money trying to do that. it only inched up a little bette bit. will you indulge me? how much time we have left? 45 minutes? great. it probably won't take a break you up into campaign teams now under unexercised. -- into a campaign exercise. this middle group and the one over here, form of three or four groups. here is your job -- we

his fathers with given warnings, what went wrong? >> they didn't talk to each o other. and the same problems that happened on 9/11, this is deja vu all over again. here it is. and look, one incident alone, this wasn't a father. this was a father who was one of the top citizens in the country. when he has the courage to come forward to the american embasse, and say, i'm worried about my son. forget the other information. forget the rest. that alone should have gotten attention. >> larry: thank you, governor, happy new year and good seeing you again. former governor of new jersey. the ci arks denies that the agencies tonight share information about the terror suspect but people are asking d the cia drop the ball? we will talk about it when we return. >> larry: joins you us know is a former cia official who was the division chief, the director of operations in europe, author of the book "on the brink, an insiders account how the white house compromised intelligence" and also is larry johnson direct of the counterterrorism a former cia analyst and co-founder of berg associa

and it essentially warned us to shut the system down, but it gave was that warning much later the nature of due to human error. as a result, as of about two days ago i have put together an oversight team. and remember, this was a contractor for us. i have asked the cio's of the faa itself along with the omb, representatives from the department of defense and the dot, all with a couple of outside experts to take a look at the system and i want answers on two grounds, number one, the short-term, what happened? how did we allow this to happen? and number two, how what do we do to make sure it never happens again? the second phase of this report will be taking a good look at the network architecture. we are building a completely new infrastructure on this and i want to be sure that we have a robust architecture that is protected, that is redundant and will never allow this to happen again. >> we are working with the faa, air force, and others on the issue of air space for unmanned aircraft. as you know, a a uav's or uas' are a significant part of our future. i believe there is in august 2010

the installation team had suppressed a warning system, so had they been put on with a warning system on it would have tripped itself off and 15 seconds we but have none instantly, but that didn't happen. it was allowed to go on line and put back the data into the by think it's important for everyone to understand safety was never compromised. what we lost was the ability to have our system automated, the ability to process flight information on an automated basis is what we lost. so the system worked. it identified it had a problem. it identified the data coming was erroneous and essentially it warned us to shut the system down. but it gave that warning much later than it should have done to the human error. so as a result of that, i have as of about two days ago put together an oversight team. i have asked -- remember this was a contractor for us, so i have asked the cio's of the faa itself and the traffic organization along with feed omb, representatives of the department of defense and the d.o.t. all along with a couple of outside experts to take a look at this system and i want a

were his father's warnings about his radicalized behavior weeks ago ignored by authorities witnesses will tell us what they saw onboard and passengers prevented what might have been a disaster. >> when we were about to land -- >> we smelled a bunch of smoke -- >> we saw fumes and there was a flame fire coming out. >> larry: all next on a very special edition of "larry king live." drew griffin was right. we are in los angeles. good evening. there are major developments regarding the attempted terror attack on a commercial airline yesterday and major questions tonight surrounding the near disaster. here to walk us through this incredible turn of events is martin savage who is at the detroit metropolitan airport and bundled up on a cold night in michigan. martin, i know when a story breaks like this, so many things can happen, you are wrong sometimes and right sometimes. let's go back to the beginning. what do we know know? what happened? >> reporter: here is what i think. many people don't realize how dramatically their lives in the air as the flying public are going to change as a res

warned about her charm before she came to washington, president roosevelt had determined not to be vamped by her. that was one of his favorite words. he arranged to have her sit at some distance from hand during conferences and took great pleasure to teases wife eleanor who win she first met madame in a hospital in new york, had told him how vulnerable and sweet she seemed. later eleanor changed her mind. she talked a very well about democracy, eleanor would say, but she does not know how to live it. this may be a good place to fill you in on the other members of the family family, mainly siblings. the two eldest were girls one had a head for business and a passion for money. and the family beauty was an idealist who married the george washington of china. when he died a few years later, he became a communist. after that was the eldest brother, a brilliant economist and then too younger brothers but they did not figure heavily in the chinese power structure. of the most famous was me laying which was china's face to the world during the middle of the 20th century but she was as well known

jim: two-minute warning in philadelphia.imes the little things in life feel like our biggest enemies. [dripping] [shower running] they can be damaged... they can be stolen. happily, there's the american express charge card. if something you recently bought with the card breaks, it can be repaired... replaced... or your account can be credited. you'll even get membership rewards points with each purchase... and peace of mind when you travel. can your card say that? jim: two minutes left. each team with two time-outs and each team with 2 on the board. third down and for the broncos. phil: i think they're just faking the blitz. they'll play it safe. jim: almost got to orton. now running for it and he is stopped short. coming up to make the play, tracy white, but there is a flag back near the goal line. referee: holding, offense number 78. half the distance to the goal. still third down. jim: are you going to take the penalty? you would force him to punt here from the 17. phil: no, he's going to reassess this. referee: correctio

the causal factor was a stall warning. fundamental improper response to a very basic warning that the crew had been well trained for and did not follow the procedures. but thank you. thank you. ha >> thank you. i appreciate it. i want to do a couple of comments on issues. in alaska, the flights are not contracted out. we appreciate that. we think they do a great job. our concern is that there are vacancies occurring. training is not occurring to replace those people. i'm starting to hear the folks are concerned that they are letting it peter out to they can have an excuse to contract out. that concerns me. as someone who has to fly a lot, most recently, there was an 8 seater coming out. there is a volcanic ash. we were circling multiple times. the fog was so thick. the stations were doing what they were doing. the rich getting as the right information. we were concerned about fuel. we did end up cutting through the fog visually based on the recommendations. the person that was with me from washington, d.c. have never been

that tail is used as a warning signal for all other animals as well.at beaver knows something alarms it, it will slap its tail and warn the deer and the other animals take off. >> larry: it helps the other animals. >> it does. if you ever saw a cute little beaver, they're as cute as they've ever could be. in a beaver home, they're just a neat, neat creature, larry. if you ever see baby beavers and a mom, it's incredible. baby beavers. the worst bite i ever had was by a beaver. look at the back foot. hold on a minute. look at the back foot. it's like a duck's foot. i meant show show you this, larry. is that amazing or what? >> larry: yeah, it is. >> look at that back foot. isn't that amazing. >> larry: here comes the screamer. >> what is this thing? >> that's actually a good question. >> where's it from? >> they're from argentina. >> i've never seen one of these. >> larry: i haven't either. >> that is a big question about them, what exactly is this bird. this bird looks kind of like a vulture. has the long legs like a stork, but they're most closely rel

. >> you were not able to give london and a warning that this issue is likely to blow up but some time >> i do not know whether london of the west got a full copy of the report. i think we sent them the parts of the report that affected british responsibility. you would have to ask other people whether they saw the full report. when the issue of although gray became one republic, that was a surprise and shock to me. >> and i ask for more on the civil-military relationship? you have given an indication that there was very little prospect of an extra american forces being brought in. we have also heard from military officers and non-military officers a sense of surprise in the shift in strategy in november, 2004. -- november, -- september, 2003. as they were getting on top of things, all the sudden the united states when often a different direction. we also heard that sir hillary thought they were making progress with the cpa in the south in terms of what he was doing. this sudden change in strategy made his work less interesting, shall we say, than before. did you get a sense of the aff

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warned in 2004, of an epidemic in mortgage fraud. and here's what the bottom line is, the bottom line is -- is that -- that -- there are key responsibility of the fed is to maintain the safety and soundness of our financial institutions, and -- they failed. and they failed. and as a result of the greed and speculation on wall street, which the fed should have been observing, which the fed should have acted against, which the fed should have warned the american people and the congress about, they did nothing and our financial system went over the edge. then, mr. president, after not doing their jobs as a watchdog, not fulfilling their obligations to protect the safety and soundness of the financial system, then the financial collapse occurred. what happened? what the fed did is provide not only, not only the congress put 700-plus billions of dollars in the bailout, but the fed provided several trillion dollars, trillion dollars of zero interest loans to large financial institutions. and mr. president, when i asked chairman bernanke, w

because the sec has admitted extreme culpability in missing the warning signs of the madoff scam and others, and because the irs essentially endorsed madoff in 2004 by naming his firm as a non-bank custodian of ira's and other tax-deferred retirement accounts, we believe that congress has a duty to ensure it did equal sipc relief be provided to all victims, not just some victims as is currently the case. the concepts outlined in the maffei/ellison amendment would be wonderful if it were expanded to include all indirect investors. unfortunately it only addresses erisa plan victims. it excludes thousands of other indirect victims, including those in self funded retirement plans such as ira's. i ask you again -- where is the justice and that kind of an approach? we see no moral basis for congress to amend sipa to provide customer status to a relatively small, special interest group of indirect investors e nrisa plans and exclude all other indirect investors. we indirect investors lost our savings in the same fraudulent ponzi scheme, suffered the same financial devastation and erisa plan

his father was giving warnings. what went wrong? >> they didn't talk to each other. they didn't put these pieces of information together. didn't come up at the director of national intelligence. just as yogi berra says deja vu all over again. here it is. and, look, one incident alone, this wasn't any father. this was a father that is one of the topsyth citizens in his country and a very prominent businessman. when he has the courage to come forward to the american embassy and say, look, i'm worried about my son. he's in with terrorists. all that. that should have risen right to the top. i mean, forget all the other pieces of information. and the president said -- some we don't even know about, but forget all the rest. that alone should have gotten attention. >> larry: thank you, governor. happy new year. good seeing you again. >> nice to see you again, larry. >> larry: governor thomas kean, former governor of new jersey. >>> the cia denies allegations that the agency didn't properly share information about the terror suspect, but many people are asking did the cia dr

asked if i had read the seagrave's book, and then warned me, not to believe everything he said. having come to this conclusion on my own, i was disgustingly proud of myself. parley research aside, what i hope to do in this book was find out who madame chiang kai-shek know it as an angel by some and a dragon lady by others, really was. the historical information was fairly easy to dig out. but the motivations behind her accomplishments and her mistakes was not. the only guide i found to madame's personal life is in the archives of wellesley college, which she attended for four years, and i attended for only two. these are letters between the young woman, known before her marriage as mailing soon, since the chinese traditionally put their last names first as i'm sure you know. and her best friend, a girl named emma mills, whom she met at wellesley and continue to have an on and off relationship with for the rest of their lives. i'd heard about one of him as relatives, a writer named thomas belong, early on in my research i invited him to lunch, during which i told him about my pro