his chief rival in this connest was chief justice warren burger.although most scrawlers a great taft as an average president -- most scholars rate taft an average president, he haa -- his vision and leadership and planning the house for the beloved court are unparalleled. he was an unhappy chief executive, having been persuaded to run for president by theodore roosevelt, who launched a third- party candidacy against him in 1912. it allowed woodrow wilson to win the presidency. as the court's sole former president to have served on the bench, he is the only person ever to have engineered his own future appointment from the white house. biographers suggesttthat president taft promoted white to the chief opposition rather than juice because the white was only 48 in would probably serve long enough to preclude a future president from appointing taft as a chief justice. president warren harding fulfilled taft highest aspiration to become chief justice. chief justice taft began participating in every presidential decision to fill vacancies on this court.

and with us now is the panel's chair elizabeth warren. thank you for being with us. >> good to be here. >> woodruff: we heard secretary geithner say today he thinks the tarp program has worked remarkably well. tax payers are getting most of their money back. should that be the main measurement of its success? >> well, it should be one of the measurements. look, it's always part of the measurement that the initial action very well may have pulled us back from the brink of a depression. the big question is what are we going to do with the money now? tarp is winding down. there's three more months to figure out whether or not we actually have adequate stability in the financial institutions and what to do about moment mortgage foreclosure. we only have this limited period of time to adjust the programs to change the programs to try to deal with those problems. >> woodruff: let me ask you about the home mortgage foreclosures. you had a very animated exchange with the secretary over that question. >> we did. >> woodruff: he says the success as

. >> i am sure that the whole house will wish to join me in paying tribute to marine paul warren fromcommando royal marines, who died on monday, and to the member of 40 commando royal marines who died yesterday. we should constantly remember, and show our support for, the services and sacrifices made on our behalf by our armed forces and their families. this morning i had meetings with ministerial colleagues and others. in addition to my duties in this house, i shall have further such meetings later today. >> lisa nandy. >> the coal field communities regeneration program breathed new life into places like wigan after the devastation caused by the pit closures in the 1980's. michael clapham's review is very wellome, but the decision to freeze the funding will devastate our economy all over again. can he reassure my constituents that he is not simply seeking to close down the coal fields all over again? >> of course i can give the honorable lady that assurance. let me first of all congratulate her on her election to this house, and say how much we want to make sure, in spite of the diff

not one of them has ever run for political office like sandra day o'connor, earl warren, hugo black. general change, i am genuinely heartened by what you would bring to the court based on your experience working in all three branches of government and the skills you developed running a complex institution like the harvard law school and yes, the prospect that your being the fourth woman to serve on the nation's highest court. some pundits and some senators have suggested your lack of judicial experience is somehow a liability. could i not disagree more. while prior judicial experience can be valuable, the court should have a broader range of perspectives than just to be gleaned from the appellate branch. general kagan, you bring valuable nonjudicial experience and a freshness and perspective that is lacking on the current court. as has been said over and over again but i think it's worth repeating. in the history of the supreme court, more than one-third of the justices have had no prior judicial experience before being nominated and the nominee's lack of judicial experience has cert

warren did not trust us. one time, we offered to pay rent in the press room because we thought if we paid rent then we would actually be better off, but burger immediately said we will not allow you to pay rent because renters have rights. [laughter] i think john is exactly on point about the court that sat together for 11 years. they did get along very well. it was apparent in the court house itself. it is a very small place, and you do not spend very many months there, let alone very many years, without encountering justices around the building. they do not always stoop to eat in the cafeteria the way the rest of the hoi polloi up there do, but you do see them around the court building and they are very pleasant. and i think that are very pleasant with each other. sometimes, when you watch them on the bench, you begin to wonder how pleasant it is going to be when they get back behind the curtains and start talking about it, because they are at each other's -- not quite at each other's throats, but they're c

burger. -- chief justice warren burger. his visson and leadership in planning this study are unparalleled, but sadly he did not live to see his completion. he was an unhappy chief executive having been persuaded to run for president by theodore roosevelt who then lost a third- 1912. that allowed woodrow wilson to win the presidency. as the sole president to serve on the bench, taft is the only person ever to engineer his future appointment from the white house. several biographers suggest that president tapped suggested white to the bench instead of use because white was only 48 and would serve a longgenough to as a justice. president warren harding nominated president taft. once the ascended, chief justice taft began participating in every presidential decision to fill vacancies on this court.%+ he said, i look forward to having you on the bench with me. president harding was happy to place on the supreme court his brilliant friend from their days in the u.s. senate. harding's next choice was his second pick. the president

chief justice warren marshall decided to make that the theme of the room.t of william more ain was donated. -- william marbury was done at it. so they are wrong but full literally of this dining room. >> marbury v. maaison is probably the most famous court -- as this court ever decided. judicial review is implicit in the constitutional document, but john marshall made it explicit in that great case. >> in all the supreme court's that says as much to a justice about what it is like to be a justice, because marbury is the embodiment of judicial review. there is no quotation in all of the history of supreme court writing that justice is more prefer to repeat than the phrase which says, "it is emphatically the power and the duty of the judiciary to say what the what is." is from john marshall in that case. >> he really was the first person to take the opportunity to establish the court and a prominent position as one of the three coequal branches of government. the chief justice precise at all oral arguments and at the conference were at the vote on and decide

warren hiding slashed$,6 govert spending almost in half and slashed taxes.e result was the roaring '20s when unemployment got down to 1.5%. my question is, how well as the national press done its job in terms of educating the american public, in terms of the efficacy of the two different approaches, the libertarian approach that warren harding used versus the keynesian approach of fdr. ? guest: most of the press have a keyneeian view of the world where they cannot understand how you can generate growth with government spending or some kind of fiscal stimulus. they are far less understanding of dealing with business cycles and the influence of monetary policy. that needs to be part of the discussion for th. i spent time looking at what the fed is doing and the impact of monetary policy on our economy. they have enormous challenges getting that policy correct. as we went through the financial crisis, they navigated through uncharted waters in terms of dealing with the crisis. now, theyyhave a great deal of risk going forward. they have to get the policy right

elizabeth warren says, i quote, the fdls prospects are far from certain. the sblf also raises questions whether in light of capital purchase programs' poor performance in improving credit access, any infusion could jump-start small business lending. this bill allows another $3 million in spending that will be added to the government's credit card. c.b.o. tells us that the bank lending portion will ultimately cost the taxpayers $3.4 billion when market risk is taken into account. we had record bank failures including four that were tarp recipients. when those tarp recipients failed, the timps' investment of $26.6 billion was essentially wiped out. more than 100 banks that have received tarp funds so far have missed their dividend payments. these missed dividend payments will cost the taxpayers almost $200 million. so it turns out that many of these banks that received tarp funds were far from healthy. do we really think there will be no more bank failures or missed dividends payments out of this new tarp program? we know there will be. the c.b.o. says there

from elizabeth warren, the prospects are far from certain. the sblf also raises questions in light of the capital purchase programs poor performance in improving credit access, any capital infusion for the program can successfully jump-start small business lending. everybody but the democrats understand this is a tarp program. why did we want sig tarp to be oversight? because this is a tarplike program. just today released they helped bring a new lawsuit today for $1.9 billion with the failure of colonial bank. colonial bank received $553 million in tarp funds. to say that you're going to go out and put $33 billion into the marketplace and not suffer any losses at a time when we have over 100 banks that have already missed one dividend payment. that we have had one bank that's missed six, and that several billion dollars have already been lost from some of these banks that are -- that were defaulted and were closed after the taxpayers had put money in there. i go back to, you say, well, it doesn't cost the taxpayers any money. i keep asking t

we will hear from the ceo and from berkshire hathaway ceo, warren buffett.ne of moody's largest shareholders. this is two hours 20 minutes. >> we are going to been the second session of our hearings and decisions made based on those decisions made during the financial crisis. we are joined at the witness table by mr. warren buffett, the chairman and ceo of berkshire hathaway and the chairman and ceo of moody's corporation. i would like to start, thank you for being here. i would like to start by doing what is customary for all witnesses. how would like to ask you to stand and be sworn. please raise your right hand. do you solemnly swear under penalty of perjury that the testimony you are about to provide will be the truth, the whole truth, and nothing but the truth, to the best of your knowledge? >> i do. >> we will begin by offering both of you the opportunity to make an opening statement of no more than five minutes. >> i have no statement. >> good. that will cut five minutes. we will take your opening statement and go right to questions. >> thank you. goo

the warren court was an activist court in that respect. in that respect, this is a very activist court. how willing is it to upset legislative determinations? this is an incredibly activist court. there is no umpire judging balls and strikes. it takes a lot of time and energy. once you achieve a legislated end, that ought to be achieved until someone else gets a decision the other way. we have to replay the game. >> it is an increase in polarizing congress -- an increasingly polarized congress. >> that is reflected in the country. as a general observation, i think it is fair to say that, our two political parties today are more ideologically opposed than at any time in history of the republic, except for two times. i can only think of two times when they were more opposed ideologically. one was in the 19 -- one was in the 17 nineties. the other was the decade before the civil war. -- one was in the 1790's. the other was the decade before the civil war. it is very dibble to legislate. it is very polarized -- very difficult to legislate. it

later on c-span 2, warren buffett testifies before the financial crisis inquiry. he will talk about the reliability of credit rating agencies. live coverage begins at 8:30 eastern. attorney general are colder confirmed -- attorney-general eric holder confirmed there has been criminal activity in the oil spill. this is about 10 minutes. >> the president reiterated that the primary task is to stop the leak and help the people in the region get back on their feet and continue to their normal lives. as we have said all along, we must also ensure that anyone found responsible for the oil spill is held accountable. that means enforcing the appropriate settled and, if warranted, criminal authorities to the full extent of law. we saw oil for more -- miles and miles. this is all we know has already affected plant and animal life along the coast and has impacted the lives and livelihood of all too many in this region. this disaster is nothing less than a tragedy. there is one thing that i will not let be forgotten in this incident. this must not be forgotten. in addition to

warren hiding slashed$,6 govert spending almost in half and slashed taxes.e result was the roaring '20s when unemployment got down to 1.5%. my question is, how well as the national press done its job in terms of educating the american public, in terms of the efficacy of the two different approaches, the libertarian approach that warren harding used versus the keynesian approach of fdr. ? guest: most of the press have a keyneeian view of the world where they cannot understand how you can generate growth with government spending or some kind of fiscal stimulus. they are far less understanding of dealing with business cycles and the influence of monetary policy. that needs to be part of the discussion for th. i spent time looking at what the fed is doing and the impact of monetary policy on our economy. they have enormous challenges getting that policy correct. as we went through the financial crisis, they naviiated through uncharted waters in terms of dealing with the crisis. now, theyyhave a great deal of risk going forward. they have to get the policy right

naval lieutenants, one who became president jack kennedy and another who became chief justice earl warren but this 300,000 people, jim, who aren't famous, whose families go there for a connection , for consolation, and we find out that at least 211 graves are misidentified, misplaced, wrong headstones. this is not rocket science. i mean, this is-- these people are entitled to it. we owe them the respect and to me, it is truly an outrage, and it makes me sad and angry simultaneously. >> mark use the word "blasphemy." it is sacred. there are very few things that happen in this town-- but the remains of these marines, soldiers, everyone , they are sacred, so to mess up on that is really to trample on something that's very important. but this , as well as b.p., as well as a lot of things we've seen in this town-- in the country for a long time-- is about execution. and we have a very high regard for vision. i write, we do all this. vision's important. but actually executing properly, getting the proper computer system there, even after millions have been spent, executing in the gulf, execute

what about this was something general mcchrystal did that was so bad to warren being relieved from office stocks -- to warrant being relieved from office? >> i honestly, when i first read it i was nearly sick. it made me sick literally and figuratively. i was stunned. secondly, general mcchrystal is responsible for his people. he has every bit as much responsibility for what was in that and what his people said as the individuals who said it. the accountability that goes along with the that, general mcchrystal understands that completely and it is reflected by the fact that he offered his resignation. the essence of this, it was clear that a challenged and in its totality and challenges civilian control which is a fundamental principle for us that is not challenge will. that is why the action was taken. crus are you worried about the fallout from the mcchrystal controversy that military-media relations which is already kind of tenuous to begin with will deteriorated? officers will not want to engage. what do you tell the kind of mindset about the need to engage the press? is depressed to

in financial news, the editorial of "the wall street journal" takes a look at warren buffett and the ratings cartel. how i moody's investor can reduce the odds of another credit meltdown. the financial inquiry commission is going to be having a hearing in new york today to look at the role of credit ratings. mr. buffett is going to be testifying there. we will have live coverage starting at 8:30 eastern time this morning on c-span 2. mr. buffett, when he testifies later on this afternoon we will content -- continue the coverage on c-span 2 as well as c-span radio. next phone call, a plymouth, massachusetts. go ahead. caller: it is truly said that americans have turned to this position of wanting their hands held. they need to put their hands together and get to work and do something. both parties are equally guilty of various, sundry things. we must do something. in defense of c-span, the people calling in to criticize c-span of being a balanced, please. c-span is a wonderful treasure. the problem with c-span is the people calling in. it has turned into a fight between federal hillbi

bring on, a lot of people thought republicans, the reality was that it was bringing democrats, mark warren and jim web had something they wanted off of revenue sharing or sharing the federal loyalties of the states or opening up the florida coast. revenue sharing is still on the table. florida coast is out. so harry reid has a whole mix of things innfront of him to mix together. and we are seeing, and the news from yesterday, a way that he is trying to put that together. but, and that is to hitch climate and oil spill. but the possibilities, the different revenue cards that he has to put together as he tries to cobble together 60 votes. he's got oil spill liability, the $75 million cap on economic damages. and ems reform, revenue sharing, some sort of renewable energy to be used by a certain date. and the biggie is price on carbon and some price regulat n regulation. there are big ones and the oil spill bill. and there is a scaled down energy bill, sometimes called the scala. and a lot of times called energy only. so one school of thought said all there will be is oil spill legislation. th

and warren buffett of housing bubble -- i was wrong on it, too. warren buffett said moody's does not deserve special blame for not seeing the housing market collapse. his berkshire hathaway owns a stake in the firm. at&t and limits on web data, what it means for internet usage in the future and pricing, also on their front pages this morning. below that, on publishing, the future of the book as vanity press goes digital. this is telling us, much as blogs been in and to news business, youtube, television, now a powerful new nation of books threatening the industry. george, independent line. your biggest concern war were repaired caller: the morning, susan. good morning all intelligence c- span watchers. the last caller took all the wind out of my sale. i just agree with her 100%. a big farmer, oil, wall street, insurance companies have bought the best government taken by a -- big pharma. next on my list is top six is nuclear proliferation, especially with iran and north korea appeared north korea it is going to be really a problem. host: all right,

warren. so this is obviously something that congress is looking at.gain, we will see where it ends up. host: your assessment, you mentioned the senate house conferees have been working this past week on the financial regulatory reform. give us your assessment on what they have accomplished this week and preview what we might expect to see. guest: well, the scope of the entire reg reform sbill a little beyond my purview but what i will tell you is that one of the things that has been hotly debated is this interchange in spike fee issue. that's scheduled to come up during the conference on tuesday and it's something that has been hotly debated. there have been lobbyists swarming the hill and even appeals by folks such as bob johnson and russell simmons weighing in on this debate. you might be surprised that they would. so i think that hopefully by early next week we might at least have some beginnings of answers around some of the sticking points. host: we want to remind our viewers and listeners that c-span has been covering the conference meetings all

chief justice warren burger decided he wanted to make that the theme of the room, and so the court had donated a portrait of the famous litigant in the case of marbury vs. madison back in 18 03. chief justice burger said, "we need to get a companion portrait for that'," said they literally are on the wall. >> that was probably the most famous case this court ever decided. the idea of judicial review. john marshall made it explicit in the case of marbury vs. madison. >> there is no one case that says as much to a justice about what it is like to be a justice, because marbury vs. madison is the embodiment of judicial reviee. there is no quotation in all of the history of supreme court writing that justices more prefer to repeat then the phrase which says "it is emphatically the power and the duty of the judiciary to say what the lot is." that quote from john marshall in marbury vs. madison. >> we call him "the great chief." he was really the first person who took the job seriously. he established the court's position as one of the three coequal branches of the government. i get to initia

frank: that he says it includes aligs beth warren. i don't believe the bill refers to aliz beth -- elizabeth warren. . mr. bachus: 90% of the total consolidated assets. now, mr. chairman, or, mr. speaker, i'd ask the chairman, maybe he can give us this figure or review my figures, but the largest corporation in america, bank of america, which would qualify under this program has total assets of $2,340 ,000,000,000. that means that the fdic could borrow $2 trillion. i would ask this, what do they borrow it from? more importantly, if they borrow $2 trillion to allow bank of america to go into this process, if they're not paid back, who pays it? and the answer is, the taxpayers. the speaker pro tempore: the gentleman's time s expired. all time h expired. without objection, the previous question is ordered. the question is on the motion. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the motion is is agreed to and without objection the motion to reconsider is laid on the table. mr. bachus: mr. sp

secretary geithner and even elizabeth warren say the banks are paying us back. but all they are paying back is the tarp money and they are not even paying all of that back. even if they pay back all $700 billion, that could not possibly be enough. in fact, there are 12 treasury programs to bolster wall street banks that have cost taxpayers $727 billion, about half of that is what is being paid back by tarp. plus, there are 24 additional programs at the federal reserve that assist private banks, and those costs -- are you sitting down? $1,738,000,000,000. so the total of these federally orchestrated bailouts is $2.4 trillion, not $700 billion, $2.4 trillion and rising. the number is staggering. it's huge. wall street has no intention of paying back $2.4 trillion to the american people and no one is holding them accountable, not this congress, and not the administration. now, what has wall street done for main street? nothing. all they're doing right now is consolidating their power as the bill that comes to us later in the week will do. meanwhile, wall street big

illustrating fit perfectly in here -- it's a story most americans never hearr, the great work that warrenhas done and it underscores the responsibility of every progressive organization -- the great work that acorn has done. to go to our next speaker and and comeback to my -pgood friind of feet doesn't -pmind. john is the founder of crops and lyres column of the most influential logs. -- the founder of crooks and liars. he just co-authored a compelling new book titled "ooer the clip -- how the election of barack obama drove the american right in saying." i mentioned -- drove the >> hi everybody. it's great to be here with this great panel. we put together a quick video to set town of what is going on. thh video almost finished to the end. with eight pastor, sseve anderson in arizona who is praying for obama to die. is this america's future now? theefever swamp is bubbling up into congress. when you see members of congress talking like that, you are driving to the store and there is steve king -- he's in congress, he is a radio talk- show vaudevillian act. i am honored to of co-written a b

. >> thank you, elizabeth warren. it is my hope that secretary timothy geithner will assist the panel in addressing a number of significant questions, inccuding the contemplation of the application of additional tarp funds to new programs, or the application of additional tarp funds to existing programs? will they be applied to any financial or non-financial institutions such as aig, gm, chrysler, or anc? will the investors received dividends in cash? what is the exit strategy with respect to these institutions as well as the other tarp recipients? has tarp enshrined into our law of the concept of too big to fail? have established an implicit guarantee for the benefit of our largest financial and non- financial instiiutions? will the pending legislation ratify and codify the existing standdrds? we will treasury yet again allocate additional funds to goldman sachs, citigroup, bank of america, and a group of other significant firms if they notified treasury today that they were experiencing a severe liquidity and solven

host: 1 more of view on the issue, warren, ohio caller: [unintelligible] why is president obama not willing to send ships from other countries to help them? we need all the resources we can get. they have not acceetee help to stop this. host: you are breaking up but thank you for the calls and all of the calls in this segment. in a moment, we will talk to the first director of national intelligence and a former assistant secretary of state, john negroponti. we want to talk with the president of the national association of public affairs network. welcome to cspan. guest: thank you for having made. host: what do you do? guest: this is a nonprofit that was formed to develop best practices for state networks across the country and to provide guidance and advice to grass-roots groups that are looking to create a state pubbic affairs network in their state. host: how many states have dedicated public affairs that works? guest: there are about 20 now. they range from alaska to flore , conn to washington. host: talk about why your organization is in washington this week. guest: the state public aff

warren buffet, the chairman and c.e.o. and mr. raymond mcdaniel the chairman and c.e.o. of moody's corporation. thank you for being here. i'd like to start by doing what is customary for all witnesses in all proceedings. i'd like to ask you fwotesdz stand and be sworn. please raise your right hand. do you solemnly swear under penalty of perjury that the testimony you are about to provide will be the truth, e whole truth, and nothing but the truth, to the best of your knowledge? >> i do. >> we will begin by offering both of you the opportunity to make an opening statement of no more than five minutes. >> i have no statement. >> good. that will cut five minutes. we will take your opening statement and go right to questions. >> thank you. good morning. my name is ray mcdaniel. i am the chairman and ceo of moody's corporation. moody's appreciates the importanwork this commission is undertaking and on behalf of my colleagues, i welcome the opportunity to contribute our views for the role of crit rating agencies. over the past seven years, we have witnessed the events that man

the financial crisis commission hears from warren buffett. >> this weekend, martha nussbaum has writtend to more than 20 but asman liberal education. join our discussion with your phone calls, e-mails. >> oh, my god, this president will be impeached. woodward said, we can never use that word around this news room lest anyone think that we have some kind of agenda. the all of that moment stays with me. >> watch woodward and bernstein from earlier this year and hear what others have said about the break-in and cover-up. the c-span library is free and available on line. >> on monday, israeli commandos killed nine people aboard a ship headed to the causes strep drawing -- to the gaza strip. this drew condemnation from around the world. here is the comments from benjamin netanyahu. >> good evening. the state of israel is confronting an international hypocrisy. this is not the first time. two years ago, we acted against -- hamas shot at us and hid behind the citizens. we wanted to prevent a the pain to the innocent populations. who is accused of war crimes, not hamas but israel. regretfully,

. >> my name is warren greenberg, george washington university, formerly with the ftc. do we not see a contradiction here? on one hand we have the department of justice, the spokesperson for the department of justice, saying that the competitive authorities are supposed to effectuate competition, try to instill more competition in the marketplace. on the other part -- on the other hand, we have the department of hhs saying it sure what to look out for premium increases. if we have effective competition, while we're looking out for cost increases, premium increases? i thought competition was supposed to take care of that? >> i can start on that, if you want. the assistant attorney general spoke yesterday about exemptions. one of the issues that she explored was the way which it can work with regulators. i thing that is what you're saying. you're saying a melding. i do not think this is unusual in any way. i think it is working hand-in hand, knowing there is regulation going on, and knowing that we will work with them on that. >> i do not think he two are mutually exclusi

someone who's working for minimum wage will continue to pay more of their taxes percentagewise than warren buffett. or one of the multibillionaires on wall street. they will pay more percentage of their income than one of these very, very rich people. in this legislation we had a provision to extend the first-time home buyers tax credit so that people who already qualified can buy a home. rejected. they even rejected a provision we had in this legislation so that someone that is called away to fight in afganistan or iraq, we had a provision in this to allow them to make up the difference of what the military pay is and the pay on their job so they won't lose their job as they've done and put tremendous burden on the spouses left at home. so yesterday one thing my friends on the other side of the aisle should be very proud of is they protected corporate interest. they did that big time. they're betting on our country to fail, mr. president. that's a sad commentary. we're going to continue, the bill's on the floor now is to create jobs. small business jobs creation. we worked hard to get tha

and it prudently regulates the inherently dangerous derivatives that warren buffett, and i call, weapons of financial mass destruction for the ability to bring down entire economies when bets go bad. should a major firm still find itself on the verge of collapse, this bill insulates the rest of the economy and keeps taxpayers off the hook, off the hook for any future bailouts. mr. speaker, tremendous amount of irresponsibility in washington and on wall street went into the crisis from which we are still struggling to recover. that crisis, of course, started in december, 2007. actually, it started long before that, as i said, in the late 1990's. middle-class family -- families who worked hard paid the price. but there is a consequence even worse -- a failure to learn. we know what greed and neglect can do. no one can plead ignorance. let's show, mr. speaker, ladies and gentlemen of this house, that we learned something from the crisis. let's keep it were happening again. -- let's keep it from happening again. let me tell you what i hear from my constituents. they want us to stop it from h

strongly about it -- the role and importance of money, and named in particular foreign secretary warren christopher who, i understand, was the senior lawyer of the most prominent law firm in california who is a major client -- and this is the hearts of my criticism -- who is a major client was the government of wasa -- who's major client the government of china during the first clinton administration. host: thank you. are we headed toward a double- dip recession? caller: unless they removed barriers to employment. the government feels they can impose prevailing wages -- you can't get any city of pittsburgh government contract unless you pay prevailing wage. what makes a politician think he can set wage rates when it should be a free market? if i am in millionaire and i look at the environment and the rules to hiring people, if there are too many barriers, i will take my money where there are less barriers. they should drop the quotas, prevailing wage. unions, what did they have as a bargaining chip? 500 people decide they don't want to work for me? i will find somebody else. what do the

. >> thank you, elizabeth warren. it is my hope that secretary timothy geithner will assist the panel in addressing a number of significant questions, including the contemplation of the application of additional tarp funds to new programs, or the application of additional tarp funds to existing programs? will they be applied to any financial or non-financial institutions such as aig, gm, chrysler, or anc? will the investors received dividends in cash? what is the exit strategy with respect to these institutions as well as the other tarp recipients? has tarp enshrined into our law of the concept of too big to fail? have established an implicit guarantee for the benefit of our largest financial and non- financial instiiutions? will the pending legislation ratify and codify the existing standdrds? we will treasury yet again allocate additional funds to goldman sachs, citigroup, bank of america, and a group of other significant firms if they notified treasury today that they were experiencing a severe liquidity and solven

mayor shapiro, elizabeth warren, and sheila bair are all strong supporters of this bill. there are a number of important things in the bill. a fiduciary requirement for municipal advisers said the we do not give the kind of problems we have all seen. all those are very important. i am prepared to make compromises. for those who worry about is getting too far, the conservative party prime minister of canada said over the weekend that with this bill america takes the lead in financial regulation and the rest of the world will follow. on the tarp, what it says is this. i prefer the original way. what cbo is saying is this, money repaid to the tarp goes into the treasury and to have made a profit on the big part. what the cbo is saying is that if you spend the remaining on allocated tarp money, you will lose some of it. you will not get it all back. cbo is a wondrous institution. i am often puzzled by it. i do know that my colleagues have a tendency to love it when it agrees with us and not so much when it does not. that is where we are. given the importance of this bill, i h

later, warren buffett testifies before the financial crisis inquiry commission.ll talk about the reliability of credit rating agencies. live coverage begins at 8:30 p.m. eastern. >> new british prime minister david cameron those questions from members of parliament in his first prime minister's questions. it is live from the british house of commons wednesday on 10:00 a.m. eastern on c-span. >> this weekend, noted feminist author martha: nussbaum written or and treated to more than 20 books on liberal education. to join our 3 our discussion. >> we have new c-span books for you. each has a unique, a contemporary perspective and something new to use about lincoln, the nation's highest court, and the lives of america's president. to order, it could to c- span.org/books. each one is also a great gift idea for father's day. >> president obama introduced the co-chairman of an independent commission that will investigate the bp oil spill. he is a former democratic senator from florida william reilly that the environmental protection agency. from the white house rose gar

warren christopher in the clinton administration took five trips in the first 16 months. hill record with two trips to israel, they write in the fed page hill of the clinton led a toward travel pace with the exception of one place, israel could make the fewest trips and spent the least amount of time as any secretary of state in more than three decades. georgia, russia -- russell is a republican caller about helen thomas and whether she should resign from the white house press corps. go ahead, russell. good morning. we will go to somerville, georgia, and this is brad on our independent line. caller: to cut to the chase, the whole hot-button issue of israel is a religious argument. i would like to see a debate on c-span, a discussion of the issue. you see the right wing conservative portion of our political government -- but it is the religious right. despite what you believe or -- in the end, only one regulator and that is jesus christ, the only one really knows. host: fairfax, virginia, joshua on the democratic line. caller: now, i don't think helen thomas should resign.

he says her lack of judicial experience is not an issue, citing earl warren, hugo black as justices who did not have that experience. the hearings will be it live on c-span radio, c-span3 television, and c-span.org. in its last winning -- last meeting until the fall on the last of justice john paul stevens and martin ginsburg, the husband of justice with bitter ginsberg, has died -- the husband of justice with greater ginsburg, has died. ginsburg, has died. - analysts say that much higher spending reflects produce electricity and other utilities. those are some the latest headlines on c-span radio. >> "washington journal" continues. host: now we want to hear your views on the passing of senator robert byrd, the longest serving member of congress ever. first elected to the senate in 1954. born in 1917. his mother died in the flu pandemic of 1918, and his aunt took him to west virginia and he became robert byrd. in 1946, first elected to the west virginia state legislature, to the u.s. senate in 1954, and was there for the next 56 years. we want to get your views on the passing of senator

host: wendy sherman who has worked for two secretaries of state, warren christopher and madeleine albright, a graduate of boston university, earned her master's at the university of maryland. good morning, donna. caller: i like to say a couple of things. i think the country is a mess. the whole world. we talk about plutonium, nuclear-weapons. it is aamess. it is a shame that the country has come to all this. i would like to know, is there anything [inaudible] can do about it? to be honest, i don't think there is. host: thank you. his comment in this twitter, might be tied together. -- his, and this comment from twitter might be tied together. guest: welcome i don't quite agree with the twitter comment. i do think that obama came with experience, as a state legislator and senator. being a legislator means you're close to the people and understand what their day-to-day lives are. people who work in state government probably have a very acute sense of people's day-to- day lives and the needs of families. i think he was close to the ground, and that is important when you are president. you can

on c-span2, warren buffett testifies before the financial crisis inquiry commission. live coverage at 8:30 a.m. eastern. >> we've got three new c-span books for you. abraham lincoln, the supreme court, and whose it is buried in grant's tomb." -- and who is buried in grant's tomb? to order, the two c-span.org -- go to c-span.org/books. >> this weekend bp announced the failure of their top kill effort to stanch the flow of crude oil into the gulf of mexico. the radio program of inside new orleans" has spent much of the last few weeks discussing the rules be -- spill. here's a portion of monday's show hosted by eric asher. >> welcome back. for those of you watching around the nation on c-span, i don't have to introduce you to our next guest. he is a true louisiana hero. a hero cents katrina, and has proved to be a hero and trying to you say his parish. he joins us on the station across the nation on c-span. how are you? >> we are on our way over to the barrier island/burn meeting that the administration is putting on to decide whether they will let he appealed the barrie

now, way back in the 50's, warren had been governor of california, but i think - i think he had significantourtroom experience before that as well. again, she is, kagan has never once until solicitor general had never argueed a case at the appellate level. to talk about your question on poles, i wasn't saying whether the polls should or should not influence i was talking about where they would or would not influence the senators. senators tend to follow the polls that a political reality. the question was would she get confirmed and i was explaining the political situation. it was an, is. host: served as press secretary for bob livingston that presented the north new orleans area. this next call comes from william in new orleans. caller: good morning. very interesting to me that there's been a great deal of l talk about diversity in the nomination to the supreme court and yet when one looks at mrs. kay fwan. so list or the i think it's very interesting that we find the this kind of feminism in the courtroom but wheres the diversity. there's the ivy league background. deep within the tentacl

warren buffett in the head of the moody's credit agency. william hague discusses the cause a stir. >> in the that the efforts to sit here the u.s. less mexico border. who, brian o'neill represented a fisherman in the exxon valdez oil spill. this week, what book tv on primetime with the managing director on the back room deals. piper on her experience with the american the closest imperative. booktv prime time. >> noted feminist author and legal scholar modern nussbaum, chicago law professor has contributed to more than 20 books on liberal education, ethics, sx system, in liberal justice. former budget administration attorney john ashcroft discuss the legal history surrounding the rights of terror suspects a day at a heritage foundation forum. a court ruled last month that detainees held at the air base in afghanistan do not have the right to appear in federal court. it said the possible challenge to a 2008 supreme court ruling that did extend the right of habeas corpus to guantanamo detainees. this is one hour and 15 minutes. >> it is a ver

. >> >> i want to talk about miss warren, who's in charge at the top. that gentleman got a name. i just want to keep it in context. if you notice, when she has a hearing and miss blair, who's in charge of the fdic, they degrade them like they're useless, and they're the only ones that can save this country. i mean, fdic covers our savings, correct? they got to go back and separate the bank system. my brother-in-law used to work for lehman brothers, and they made a lot of money years ago. but i don't know if they did this bull -- host. . whoa. let's move on to dallas, texas. good morning. good morning, sir. caller: thanks for taking my call. host: good morning. caller: my call goes to the situation with fannie and freddie, who used to be one of the cornerstones of many, many mutual funds and were one of the rocks that helped the new york stock exchange in place for many, many years. now they're derided for this morning crisis. my comment goes to the conservatorship of the government since they've taken over. it seems they've done almost everything in their power to run both of the

warren, ohio. gene, republican line. caller: thank you for taking my call. the reason why i'm calling this morning, saying that the richies are trying to get power. i hate to go into the old double standard, but if they are going to print about that, they need to talk about all of the democratic very, very wealthy people who have been in power for many years and continue to do that. and the democratic money of george soros that floats into all of these candidates. i am 65 years old. i would be more than willing to cut back on my entitlements. i'm still working and i intend to work until i'm 70 if the good lord is willing -- as long as the government cuts back on everything. i have nothing against working hard red i live a very frugal life. i love this country. and whether a person is a man or a woman means nothing. let us sit back and listen to what people have to say and get our country on the right track and do it together. host: she hopes to work until she is 70. she is right on top it with our final guest, from aarp. talking about older worker unemployme

.%- you can go right down the list, warren buffett and others who have said the stimulus package has worked. and my concern, quite frankly is that we've got to do more before this -- before we get gleetly out of this ethe woods on this economy. look at the job you were ins. look at the deficit numbers. and i want to make one final statement here, because mr. boccieri brought it up about pppeficits. you grow your way out of deficits. if you don't have people working, you're not going to reduce the deficit. you can't cut your way out of some of this stuff. you've got to grow your way. what we have is a pro-growth agenda. . investing in infrastructure and energy, get people working again. if we want to see the deficits go down, we have to get people back to work. and that's what this whole agendd has been about and it's working. you look at what president bush left us with and look at where we are at now, as jobs go up, %% the deficit projections go down. i yield to my friend. mr. murphy: the fact that facts don't lie, here it is. this chart isn't rigid but telling it like it is. you ar

clause of the 14th amendment and remember how many objections were raised to the activist liberal warren court for doing that. i was a prosecutor at the time, and > > >'66, and now we have the five conservatives

dicks: i had the great honor of serving in the other body for eight years as an assistant to senator warren magnusson. during that time, senator byrd became the whip in the senate and i can remember how he would -- he was faithfully writing notes every couple of days to senator magnusson, i put this in the record for you. he was absolutely committed to the united states senate. he was a forceful advocate. i can -- i served as chairman obey has in many conferences with senator byrd. when there was something he wanted, or oftentimes, protect the workers of west virginia, on coal mining issues, the congress responded because he was such a forceful advocate and one of the things i respected most about senator byrd was his knowledge of the history of the senate he history of the congress and his devotion to that history. and he would oftentimes talk about historic events and tie them in to current days. i thought, some people may have criticized him on spending issues, but he used to say, and i always used to quote him on this, if the congress can't give up the power of the purse because the pow

someone who's working for minimum wage will continue o pay more of their taxes percentagewise than warren buffett. or one of the multibillionaires on wall street. they will pay more percentage of their income than one of these very, very rich people. in this legislation we had a provision to extend the first-time home buyers tax credit so that people who already qualified can buy a home. rejected. they even rejected a provision we had in this legislation so that someone that is called away to fight in afganistan or iraq, we had a provision in this to allow them to make up the difference of what the military pay is and the pay on their job so they won't lose their job as they've done and put tremendous burden on the spouses left at home. so yesterday one thing my friends on the other side of the aisle should be very proud of is they protected corporate interest. they did that big time. they're betting on our country to fail, mr. president. that's a sad commentary. we're going to continue, the bill's on the floor now is to create jobs. small business jobs creation. we worked hard to get tha