coming up next is henry paulson in conversation with warren buffett, just this past week on his new book on the brink and after that is an after words we taped with joseph, national editor, kevin mer of the, but now here is henry paulson and warren buffett. >>> first full i want to thank you for coming and i should to clear off the bad that i am a friend of hank's and have been so for some years. i admire him before he took the job. i add my durham a lot more after the job he's done as the secretary of treasury. the name of the book is on the brink and that is exactly where we were in september and october 2008. at that time, our economy, our financial world went into cardiac arrest and we had four people in the operating room we were fortunate as a country to have in place. we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or anot

>> it reminds me of something that famous investor warren buffett likes to say.you have been paying poker for an hour and you don't know who the patsy at the table is, you're the patsy. i'm worried that we're going to be the patsy. if you have troops on the ground and an iraqi general wants to call an air strike against some personal enemies of his, the troops on the ground say no, we're not going to do it but if you don't have troops on the ground you are suddenly being used by that iraqi general for his own ideas. i worry that we're going to be in that position. tavis: i don't know if this makes you feel better or worse or more informed or less informed. it is something the american media has to take more seriously at least, from my perspective. thomas ricks' new book is available, "the gamble." good to have you on the program. >> thank you very much. tavis: good to see you. up next a man who has now scored the two biggest films in hollywood history, oscar-winning composor james horner. stay with us. james horner is one of the most prolific and successful compo

billionaire investor warren buffett agrees. the two men appeared together today at the omaha chamber of commerce annual meeting. >> suzanne: president obama is optimistic about completing one of his short-term goals: passing a bill designed to accelerate job creation. but the 362-page measure is still in draft form, and it includes only a few new provisions for creating jobs. namely, a $10 billion plan that exempts companies from paying the employer's share of social security payroll taxes for new workers hired this year. today, the president acknowledged that the legislation may not be ideal, but he says, it could be a good first step. >> we're seeing an increase in temporary workers, but they haven't yet taken on that full- time worker. and so providing some additional impetus to them, right as the economy is moving in a positive direction, i think can end up yielding some good results. >> suzanne: senate majority leader harry reid hopes to pass the bill by the end of the week, despite the slowdowns caused by snowstorms in th

and they survive in this environment when other people aren't. >> reporter: goldman investor warren buffett told bloomberg tv that he agrees. >> i'm very happy with the way goldman has performed. they have... the place is very well run. >> and with the way blankfein has performed, you're absolutely satisfied. >> oh, i don't think you could have had a better manager than lloyd blankfein. >> reporter: "but wait," says -- "not only did we provide tarp money and a guarantee, the government also bailed out a.i.g., which owed goldman sachs $12.9 billion." >> had the government not propped up a.i.g., goldman sachs would not have gotten that $12.9 billion. if goldman hadnt received the money indirectly through the a.i.g. bailout, goldman wouldnt have the year that it had. >> reporter: and what are the >> in its wisdom, the federal reserve has driven interest rates down to 10, 15, 30 basis points, so their cost of funding is zero. >> reporter: so you mean goldman sachs borrows money from the federal reserve at a tenth of a percent, a quarter of a percent, takes that money, invests in us treasury sec

henry paulsen open was interviewed by warren buffett. both agreed the government may turn a profit from the bailout. another reminder of just how tough the rob jacket is right now. the numbers show there were just under six unemployed people for every job opening and the problem may get worse before it gets better. a separate survey finds more small companies plan to cut workers rather than add them. add the camry to the list of toyotas experiencing brake problems. the automaker is recalling about 7300, 2010 camries because of a possible fluid leak that increases stopping distances. this came after toyota announced it's recalling half a million dollars hybrids and it's reviewing complaint busy steering problems with the controlae to determine if an investigation is warranted. >>> hopped was has experienced problems of its own, extending a global recall for faulty air bags. the recall covers more than 430,000 vehicles, most of them in the u.s. honda says it will replace the drivers side air bag because they can deploy with too much and pr

. >> catch warren buffett on cnbc monday morning answering your questions. meantime, let's see where the big money is flowing this morning. shares of coca-cola, climbing towards positive territory after a number of block trades. each more than 300,000 shares changing hands. in a dngiven day coke was alrea over 13 million shares traded. you were a buyer of this name yesterday. what do you think is behind the move today? >> a combination of berkshire, a combination of your great documentary you did on coke. and i think this pullback gave us all an opportunity to re-evaluate and look at coke after that big acquisition of the botler yesterday. i like coke going forward and think there's a great opportunity. >> don't go anyway. your last trades for february on the way after this break.

remember what warren buffett always said, when everyone else is fearful, get greedy. >> when they've the survey, people would say, yes. >> people say yes. >> now that they've been through it, they say no. >> i'm saying that doesn't surprise -- >> if you want to be positive, you say this was a good learning experience. >> there you go. we learned a lot. >> enough of the doggone learning experience for me. >> now 133 points here. another leg down. looks like we're at the low of the session. forget dow 10000, forget 9900. now we're at 9867. >> triple digit gains, triple digit losses right now. we'll tell you how to get ready for the action with the trader triple play. >> here are the biggest percentage dow losers beginning with general electric and moving through jpmorgan chase. boeing, merck and chevron. anncr vo: with the new geico glovebox app... anncr vo: ...you can get help with a flat tire... anncr vo: ...find a nearby tow truck or gas station... anncr vo: ...call emergency services... anncr vo: ...collect accident information. anncr vo: or just watch some fun videos. anncr vo: it

we will have henry paulson talking to warren buffett on the economic collapse.s on how the atomicçó bomb change the presidency and the role of the u.s. in the world. all day monday, books on american president's persts. for the complete schedule, go to book tv.org. >> your calls and headlines are coming up as we discussed congressional efforts on jobs and health care.

and those in the new technologies, you have heard of be widely, the company that warren buffett invested in them the largest foreign investor echidnas a maker of electric car. it is a hybrid initially into this country, this year. but that's a new technology. the head of that company said something very interesting. he said, we can't possibly compete with ford and a lot of the big western companies who have had 100 shares of experience with the gasoline driven cars. however, with the electric car, we are all in the same starting point. it's not only with electric car, they are looking at robotics and biotechnology, and telecommunications and nanotechnology. all of the new technology, where everybody is at the same starting point. they are not going to compete with the west has all this experience. very, very start. so while it may be 20 or 25 years for china quote, catches up to if it ever does come in many, many areas china is going to excel. and something else that you must know, and that is that today, and this seems to be, you probably know, many of you, but it is a surprise to every

authors include henry paulson talking to warren buffett.er and a store and on health the atomic bomb changed the presidency and the one role of the u.s. and in the world. it will be reoffered sunday night and all day monday. books on american presidents. for the complete schedule go to booktv.org. "washington journal" is next. we'll take your calls. coming up, an update on the senate's job bills with ian swanson.

secretary henry paulson talks about his new memoir, "on the brink" with berkshire hathaway ceo warren buffett. in the book secretary paulson discusses the actions he took in response to the 2008 economic collapse. this event was part of the greater omaha chamber of commerce's 2010 annual meeting. >> hank, first of all i want to thank you for coming to honor us. i should declare right off the bat that i'm a friend of hank's, have been so for some years. i admired him before he took the job. i admire him a lot more after the job he has done as secretary of the treasury. the name of this book is "on the brink," and that's exactly where we were in september and october of 2008. at that time, our economy, our financial world went into cardiac arrest. and we had four people in the operating room that we were very fortunate as a country to have in place. we had hank. we have ben bernanke. we have tim geithner, and we had sheila bair, the head of the fdic. and i know a lot people in finance. i know a lot of people in business. i know a lot of people in government. and i can't think of four that would

caller: their entire work, bill gates, warren buffett, the whole bunch, to where you get to be millionairesess? host: a look at the story from "the guardian." u.s. raises stakes in iran is sending ships and missiles. tensions between the u.s. and iran-dramatically but the disclosure in disclosure barack obama is deploying a missile shield to protect allies in the gulf from attack by tehran. the u.s. is dispatching patriot defensive missiles to four countries -- catarrh, a united arab emirates, bahrain and kuwait, keeping ships in the gulf capable of shooting down iranian missiles. washington is also helping saudi arabia to develop a force to protect its oil installations. american officials said the move is aimed at deterring an attack by iran at and reassuring gulf states a fearful iran might react to sanctions by striking at u.s. allies in the region. washington is also seeking to discourage israel from a strike against iran by demonstrating that the u.s. is prepared to contain any threat. couple more calls on the budget. lincoln, nebraska, sean on our independence line. caller: good morn

you have heard of the company that warren buffett invested in, the largest foreign investor and they are going to introduce the electric car, a hybrid initially into this country this year. but that is a new technology. the head of that company said something very interesting. he said, we can't possibly compete with ford and a lot of the big western companies who have had 100 years of experience with the gasoline driven cars. however, with the electric car we are all at the same starting.. it is not only with the electric car. they are looking at robotics, biotechnology, telecommunications and nanotechnology, all of the new technologies where free buddies at the same starting.. it is very smart. so, it may be 20 or 25 years before china catches up with the u.s. if it ever does. in many areas, china is going to xl. something else that you must know, and that is that today, and this seems to be, you probably know if many of you but it has surprised everybody else, china's economy is now 70% private, 70% private. private sector economy. that is what china is all about, in the private se

authors include former treasury secretary henry paulson talking about warren buffett. afterwards is hiss torial gary wills on how the atomic bomb changed the presidency and the u.s. and the world. it reairs sunday at 9:00 eastern and pacific. and all day monday, books on american presidents. h.w. brands on f.d.r. jabari on president obama. for the complete schedule go to booktv.org. >> last week the obama administration sent the first homeland security report to the u.s. congress. here is about the administration's next efforts to redefine its homeland security mission. daniel kaniewski working for president bush from 2005-2008 and on the table is homeland security report, what does it look at? guest: first it's an important document, i applaud this administration and that it meets the congress attempt. i feel it provides a road map for the future for the department of homeland security. in reality homeland security is broader. and i feel this document will lay the future. host: what are the topics in this report? guest: there are no surprises, this is not controversia

i may not agree to a tax cut for warren buffett.ou may be calling for an across-the-board tax cut for the banking industry right now. i may not agree to that. so i think that we've got to look at what specific proposals you're putting forward, and this is the last point i will make -- if you're calling for just across-the-board tax cuts, and then saying that we're going to somehow balance our budget, i'm going to want to take a look if your math and see how that works -- at your math and see how that works, because the issue of deficits and debt is another area where there has been a tendency for some inconsistent statements. how's that? all right. >> paul ryan from wisconsin. >> thank you for agreeing to accept our invitation here. it is a real pleasure and honor to have you with this year to date. >> good to see you. is this your crew right here, but we? >> this is my daughter liza, my son charlie, and sam, and this is my wife joanna. >> hey, guys. >> say hi, everybody. [laughter] has served as a ranking member of the budget commi

authors include former treasury secretary henry paulson talking with warren buffett on the 2008 economic. on "afterwords", historian and pulitzer prize winner garry wills on how the atomic bomb changed the presidency and the role of the u.s. in the world. "afterwords" reairs sunday night at 9:00 p.m. eastern and pacific. and all day monday, books on american presidents. h.w. brands on f.d.r., jabari asim on president obama and our culture, and craig shirley on ronald reagan. for the complete schedule, go to booktv.org. >> now the discussion on seventh liberty -- on sick literacy with richard brake. from "washington journal," this is about 30 minutes. but many folks are, and we can learn something today. guest: thank you for having his back. host: you put out a new report on civic literacy. what is the update on what people mill about six? guest: unfortunately, they're not doing well. we have made an assessment as to how well current college students know about their government and foreign affairs and economics. they're not doing very well. they don't know we have three branches of govern

coming up next is henry paulson and conversation with warren buffett on his new book on the brink then after that is the afterwards that we taped new joseph's being interviewed on the book a dark-- bright nights but first here is henry paulson and warren buffett. >> first of all, i want to thank you for coming. i should declare write-off backed i am a friend of thanks and have been so for some years. i did meyer him before he took the job and i admire him all lot more after the job he has done as secretary of treasury. the name of the book is called on the brink and that is where we were september october 2008 but at that time, our e economy, our financial world went into cardiac arrest. we had four people in the operating room we were very fortunate as a country to have in place, hank, ben bernanke kumbaya tim geithner and sheila bair the head of the fdic. i know a lot of people and finance and business and government. i cannot think of for that would have done a better job. but to look back of our country's financial system throes of during that period. some of you were in a party i

coming up next is henry paulson in conversation with warren buffett, just this past week on his new book on the brink and after that is an after words we taped with pneil joseph, national editor, kevin mer of the, but now here is henry paulson and warren buffett. >>> first full i want to thank you for coming and i should to clear off the bad that i am a friend of hank's and have been so for some years. i admire him before he took the job. i add my durham a lot more after the job he's done as the secretary of treasury. the name of the book is on the brink and that is exactly where we were in september and october 2008. at that time, our economy, our financial world went into cardiac arrest and we had four people in the operating room we were fortunate as a country to have in place. we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect o

authors include henry paulson talking with warren buffett on the 2008 economic collapse. w3gary willsan hollen. it was touch and go whether he could be here are not. maryland was plowed. we are here together and i want to thank him for his partnership and his very hard work and in valuable contributions to this legislation. as you know, last month, the supreme court shattered nearly 100 years of u.s. law designed to curb the influence of corporations in our election process. today, we are beginning to pick up the pieces. truth beç told,t( we have been bracing for an unfavorable decision ever since the court decided to rehear the citizens united case earlier this fall. then8 court rulings surpassed or worst fears. with the stroke of the pen, the court decided to overrule a decade-w3long banç on expendits and silenced the voice of millions ofi] americans. at a time when americans areç o worried about special interest ñrhaving too much influence in washington, the court çinexplicably open the floodgas to much greater special interest influence that we have ever seen before. the decis

afford and, of course, tax cuts across the board which means more tax breaks for bill gates and warren buffett and the managers at a.i.g. which just took $100 million worth of bonuses. we now see the compared to what, and i hope we continue to see the compared to what, we will see who has a plan that creates economic growth for the american people. i yield back. the speaker pro tempore: for what purpose does the gentleman from california rise? mr. lungren: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. lungren: my friends on the other side keeps beating up on democrats. i think bill gates is a democrat and i think the other gentleman you mentioned is. mr. speaker, it's amazing on this floor how we have convoluted the thought process. you see, we have a pay-go system on the democratic side that says you have to pay for tax cuts. what is that assumption? that is every time you have a tax cut that's a tax expenditure, that's the other language they use. the premise is every dollar

henry paulson talking with warren buffett of the 2008 economic collapse. on "after words" gary wills on how the atomic bomb changed the presidency and the role of the u.s. and the world. it read errors sunday night at 9:00 p.m. eastern and pacific. hw brand and fdr, president obama and a culture -- for the complete schedule go to book tv.org. >> his film, "hillary: the movie" was the focus of a recent supreme court decision. documentary producer and head of citizens united sunday night on "q&a." >> the only collection of american presidential portraits painted by one artist -- renowned painter chaaz fagan on display at the university in indiana. paintings, photographs, prints, and audio recordings, sponsored by c-span and the white house historical association. if he can't get to west lafayette, see the entire collection on-line. >> "washington journal" continues. host: joining us from stereos -- -- syracuse, new york, now washington, d.c., representative maffei. if you could tell us a little bit about your district economically? guest: my district has bee

warren buffett, he pays the payroll tax on the first $109,000 he makes, and then for the other $10 billionhat?"[laughter.] yes, that's right. that's the way it works. so what we've said is, well, don't we -- doesn't it make sense to maybe have that payroll tax cut off at a higher level, or have people -- maybe you hold people harmless till they make $250,000 a year, but between $250,000 and a million or something, they start paying payroll tax again -- just to make sure that the fund overall is solvent. so that would just be one example. that's not the only way of fixing it, but if you made a slight adjustment like that, then social security would be there well into the future and it would be fine. all right? [applause.] okay. it's a woman's turn. anybody -- i'm going to go back here. nobody's got -- these folks haven't had a chance here. hold on one second -- i'm going to let you use my mic. you'll give it back, right? [laughter.] okay. >> my name is peggy -- and i'm a native nevadan, grew up in boulder city. [applause.] there's a few of us here -- known this great guy, harry, all my life

warren buffett on the economic collapse. prize winner garry wills on the atomic bomb and how it changed the world. all day monday, books on american presidents. fdr, president obama and our culture, and rob -- and ronald reagan. for the complete schedule, go to booktv.org. american presidents, life portraits. see the entire collection on- line at c-span's web site. >> leaders of the 27 nation european union met in brussels for an economic summit. at the top of the agenda was the debt crisis in grease. the half hour closing news conference from the study -- from the summit. >> as i was saying, i am pleased to meet with you again. since the 19th of december, which was the day i was appointed, we have held our first european council. i decided to convenient -- to convene it so that we could have the opportunity to discuss economic strategy. the heads of state and government were of the opinion that we really must look into the medium and long term. we should focus increasingly on concerning economic growth. it is extremely impo

henry paulson talks to warren buffett on the economic collapse.n how the atomic bomb changed the presidency and will the u.s. in the world. it read prayers -- every airs on sunday night. -- it rears on sunday night. . re-airs on sunday night. >> and now, admiral thad allen discusses the activities of the coast guard in haiti relief efforts and he discusses the fiscal year 2011 budget request. from the national press club, this last about an hour. -- this lasts about an hour. >> good afternoon, everyone. we are the world's leading professional organization for journalists and are committed to our profession's future by providing informative programming and fostering a free press worldwide. for more information about the press club, visit our website. on behalf of our members worldwide, i would like to welcome our speaker and our guest at today's event as well as their c-span and public radio audience. i will ask as many questions from the audience as time permits. i would like to introduce our head table guests and ask them to stand briefly when th

çauthors include henry paulson talking with warren buffett on the 2008 economic collapse. 10:00 and all day on monday. books on american presidents. president obama and our culture. for the complete sculpture, go to booktv.org. updated and released just in time for presidents' day. "who's buried in grant's tomb: a tour of presidential gravesites ." it is a comprehensive guide to the resting places of the president's. richard smith on the concept behind the book. >> it is a wonderful way to humanize and personalize the past, to take events and movements that otherwise might seem impossibly remote. there's something universal about the fact we will all be on our deathbed. we all face growing old. i]we'll have to wrestle with questions of immortality and mortality. those are some of the themes that run through all of this. but it's also frankly and entertaining book. there are lots of stories and anecdotes designed to shoot denies all of these people. >> available now at your favorite book seller or ordered directly from the publisher. >> utah governor gary herbert, from soli

one area of reform is to say perhaps bill gates and warren buffett should pay more than 25% of medicareidize less. but those parts really blow up. where the senior pays 25% and taxpayer pay 75%. on social security, the program is self sustaining and it -- only until about 2015. starting in 2015 the payroll tax will not be enough to cover all costs. that is when we have to start taking money out of the general fund. 10,000 seniors a day joining social security and over time there will be not enough and payroll taxes to pay the benefits and that is why we need to start looking at reforms." host: paul from fairhaven, massachusetts. on the democrats' line. go ahead. guest: when you start talking about deficits, you never been in -- mention about how bush blew a surplus before going to deficit spending and we have two unpaid it wars, medicare that was shoved down our throat in a three-hour hearing from speaker dennis hastert which you never hear about their i want to go back -- i want to move ahead and go forward. you always talk about tax cuts for the rich. they had the tax cuts. we can't a

authors include henry paulson talking about warren buffett. afterwards, gary wills on how the atomic bomb changed the presidency and the role of the u.s. in the world. this airs saturday at 10:00 p.m. eastern. for the complete schedule, go to booktv.org. >> now hearing on the economy and what it means for the federal budget. kent shares the budget committee. he co-sponsored a proposal to create a bipartisan commission. that measure was voted down last week. this hearing is 2 1/2 hours. >> the hearing will come to order. first, i appreciate very much witnesses being here with conditions as they are, and i appreciate colleagues who are here and who are on their way. i especially want to thank senator sessions for being here to represent the republican side of the aisle. senator gramm hopes to be here soon, but airports are closed, so people hoare having a difficult time getting back. i do not know if the votes scheduled this afternoon are going to come. for those of you who have a hearing scheduled tomorrow, we're going to make a decision soon,

if you talk to someone like warren buffett, he is an investor who very much understands that.psychology drives that. the economy is going to do what it is going to do, and you can think about a line that goes up and down. the line is driven by optimism and pessimism, and so, while he may find a slowdown as a result of these issues: on in europe, what determines this is sentiment. how do people feel? how do consumers feel? does it scare them enough that they stop spending? how does it affect companies? there may be a slow death because of these problems in europe, but how scared to people get? -- there may be a slowdown. people got scared. a lot of jobs were eliminated because of that. economies work the same way. economies as a whole, if people get very frightened, that would just amplify the problem, so it becomes important to assess up that fear aspect. i think he is right to say that sentiment played a role in that, and that is the part that is more difficult to control. the president of any nation is going to be able to do with that person is going to be able to do in term

henry paulson talking to warren buffett. role of the u.s. in the world. it read airs sunday night at 9:00 p.m. eastern and pacific, and all day monday, books on american presidents. fdr, president obama and our culture, creag shirley on ronald reagan. for the complete schedule go to book tv.org. >> his film "hillary: the movie," it was the focusçw> "washington journal" continues. host: here is robin wright on the screen. she is with the institute of peace as a foreign policy analyst. she has reported from more than 140 countries for six continents for papers like "the washington post," and others and author of several books on foreign policy and we will focus on iran. guest: always nice to be here. host: we saw interesting video of president ahmadinejad, the anniversary of the islamic revolution. help us understand the size of the crowds. how did they do that in iran? çguest: on this part

authors include henry paulson talking with warren buffett on the 2008 economic collapse.ter words gary wills on how the atomic bomb changed the presidency. after words airs sunday night at nine eastern and all day monday. books on american presidents. h.w. brand on f.d.r. our culture. for the complete schedule go to booktv.org. >> his film "hillary the movie" was the focus of a recent supreme court decision on campaign finance. david bossy sunday night on c-span's q&a. >> the only collection on american presidential portraits painted by one artist. >> news reports today indicate a number of military officers may be disciplined in the wake of the fort hood shootings. the leaders of the review of that incident testified recently before the senate arms services committee on at those events leading up to the attack and the immediate aftermath, as well as how military bases could prevent future violence. this hearing is just under two-and-a-half hours. [inaudible conversations] >> consider the findings and recommendations of the independent panel appointed by the secretary of

authors include former treasury secretary henry paulson talking with warren buffett on the 2008 economicollapse. on afterwards, gary wills on how the atomic bomb changed the presidency and the role of the u.s. in the world. afterwards, all day monday, books on american presidents, h.w. brands on president obama and our culture. craig cheryly on ronald reagan. for the complete schedule, go to booktv.org. it's the only collection of american presidential portraits painted by one artist. american presidents, life portraits by renowned painter and sculpture now on display through february 21. the exhibit looks at the lives of the 43 men who have held the office, through paintings, photographs, prints and audio recordings. sponsored by c-span and the white house historical association and if you can't get to west lafayette, see the entire collection online at c-span's website, americanpresidents.org. >> earlier today, first lady michelle obama spoke at the official start of the nationwide campaign to prevent childhood obesity. the first lady has been meeting with cabinet officials, health exp

it includes henry paulson talking to warren buffett on the 2008 economic clappings. onÑi "afterwards," gary wills o how the atomic bomb changed the presidency and the role of the u.s. and the world. "afterwards" retears. and all day sunday books on presidents. f.d.r., obama and ronald reagan. for the complete schedule go to booktv.org. >> his film, "hillary the movie" was the focus of a recent supreme court hearing on campaign finance. head of citizens united david bossie sunday night on c-span's mr. cuellar:. >> british foreign secretary david milliband spoke yesterday about the release of u.s. intelligence information concerning the alleged torture of a british resident alien. the british government asked them to publish the details of benjamin mohammed who was captured in 2002 in pakistan as a terror suspect and later held at guantanamo bay. he was released with all charges against him dropped last year. this runs about 45 minutes. >> with your permission, mr. speaker, i'd like to make the case on mr. binyam mohammed following. mr. speaker, the court of appeals ru

if you were to take this curtain down, i could see war in norfolk -- i could see warren buffett starting host: commissioner praeger? guest: actually, the mccarran- ferguson pre-emption for insurance companies has -- may already be a thing of the past. it has been voted on in one chamber of congress already. but the mccarran-ferguson act exemption for insurance companies was really more about sharing data and the concern that companies were colluding on price setting and price-fixing. first of all, we do not think that is happening. and if it is, we currently have the authority to regulate against those things. but the issue of selling across state lines, as i said earlier, is more the issue of having a company go to a state with the fewest consumer protections and get their product licensed there and then come to my state and compete unfairly because my state companies have to abide by state laws, which are going to be more consumer protecting them a policy that is approved in a state with fewer protections. it is a race to the bottom. we saw what happened when financial service companie

regarding your point, professor stiglitz, that warren buffett had an arm's length transaction with goldmansachs. why don't you think the american people had that same arm's length transaction? was it just missteps by those in the executive branch? >> you might say missteps. they were very much taken in to the view that they wanted at that point to give money to the banks. because they thought it was imperative that the banks be given money so that they could return to the usual role that they had had. but they were captured in an intellectual sense by the banking system. it was a very big mistake. >> do you see improvement with federal officials at the moment in this area? >> if i look at the legislation proposals that are being discussed very recently, i see a very marked change. but if you looked at the bailouts that occurred in january and february and, you know, beginning of this year, they were as bad as those that occurred earlier. ... >> i have seen a learning curve. i think the initial transaction, the initial bailout transaction was made at a moment of sheer panic, and it reflects

my hope is that people like warren buffett and perhaps bill gates will stand up and say, well, the accordletting us do this, i'm not going to support -- the court is letting us do this, i'm not going to support that with the corporations on a part of. i do not think the treasury should be used. it ought to be voluntary money, money from labor unions voluntarily, and money from individuals voluntarily. small contributions is what we support. and we would like to multiplied that. the legislation introduced in both houses calls for $100 contributions only, matched by $400 public funds if, in fact, the dollar is from their state. it comes from outside their state, they can only keep the $100. what that does is give the power to the constituents and the people with in the state to fund the elections as opposed to having spectral interest funding. -- special-interest funding. >> i want to be clear and i'm not sure where this misperception grew from one we talked about myths we still very strong about advocacy and lobbying. my point that i have been trying to make is that, in some ways, regardle

authors including henry paulson talking with warren buffett on the economic collapse.n "afterwords," talking about how the atomic bomb changed the presidency and the ror%÷ of the u.s. in theÑi world. it reairs sunday night. all daymond, books on american presidents. craig shirley on ronald reagan. for the complete schedule go to booktv.org. the consumer product safety commission recalled a half million drop-side cribs, following the deaths of three infants trapped between the mattress and the panel. they looked at the need for additional mandatory safety rules. they talked to several people including the parent of a child who died in a crib accident. >> our hearing is titled assessing the need for better oversight on crib safety. members will be recognized for opening statements, i'll begin. today we are hear -- today we are here to answer a painful and difficult question. are we doing enough to protect infants and toddler in their crib. most experts say the best place forÑi a baby to sleep is in a crib. babies sleeping on their back on a firm mattress in a crib is les

authors including henry paulson talking with warren buffett on the 2008 economic collapse.rds," gary wills on how the atomic bomb changed the presidency and the role of the u.s. and the world. "afterwords" reairs sunday night. all daymond, books on american presidents. craig shirley on ronald reagan. for the complete schedule go to book tv.org. >> it's the only collection of american presidential portraits painted by one artist. american presidents life portraits now on display at purdue university in west lafayette, indiana, through february 21. the exhibit looks at the thrivets 43 men who held the office through paintings, photographs, prints and audio recordings. sponsored by c-span and the white house historical association. if you can't get to west lafayette, see the entire collection on line at americanpresidents.org. >> last week, palestinian and israeli journalists gathered for the first time in jerusalem to discuss the israeli-palestinian conflict with the knesset. speakers include the israel deputy foreign minister and the speaker of the knesset. following their r

warren buffett, he pays the payroll tax on the first $109,000 he makes, and then for the other $10 billiont?"[laughter.] yes, that's right. that's the way it works. so what we've said is, well, don't we -- doesn't it make sense to maybe have that payroll tax cut off at a higher level, or have people -- maybe you hold people harmless till they make $250,000 a year, but between $250,000 and a million or something, they start paying payroll tax again -- just to make sure that the fund overall is solvent. so that would just be one example. that's not the only way of fixing it, but if you made a slight adjustment like that, then social security would be there well into the future and it would be fine. all right? [applause.] okay. it's a woman's turn. anybody -- i'm going to go back here. nobody's got -- these folks haven't had a chance here. hold on one second -- i'm going to let you use my mic. you'll give it back, right? [laughter.] okay. >> my name is peggy -- and i'm a native nevadan, grew up in boulder city. [applause.] there's a few of us here -- known this great guy, harry, all my life.

henry paulson talking with warren buffett on the 2008 economic collapse. and gary wills on how the atomic bomb changed the presidency and the role of the u.s. in the world. "afterwords" airs sunday. then craig shirley on ronald reagan. for the complete schedule, go to c-span.org. >> a discussion on the global energy outlook. part of the world energeconomic forum. ithis will be about an hour. >> good morning, everybody. i want to welcome you to the session on the global energy a lot. our topic this morning is energy security subject -- a subject that has great confidence and changes as circumstances change. this is a subject we will explore this morning. at the same time, it exists within the context in the context will talk about is the impact of the turbulence in the global economy and what that means for energy, security, and what it means in terms of the energy outlook and how it has been changed, what has been changed by what has happened over the last two years. to address these questions, we have a very distinguished panel. tony hayward, the chief ex

others inform treasury secretary henry paulson talking with warren buffett on the 2008 economic collapse. afterwards, historian and pulitzer prize winner gary wills on how the atomic bomb change the presidency and the role of the u.s. in the world. all day monday, books on american presidents. fdr, as seen on president obama and our culture on ronald reagan. for the complete schedule go to booktv.org. . it is a little under two hours. >> meeting come to order. mahatghghandi, every worthwhile accomplishment has stages drudgery and triumph. in beginning struggle and victory. the effort to add comprehensive health care reform has certainly seen its struggle and even its of drudgery. as we look back at progress we've made and look ahead at the short distance we yet to go, i remain confident we will soon move to the stages of triumph and victory. we're on the brink of a accomplishing real health care reform. we're on the brink of reform that will help millions of americans to afford care coverage. we're on the brink of reform that will improve the quality and efficiency of health care deliver

henry paulson talks with warren buffett on the 2008 economic collapse.e past week, we in washington, d.c. have been experiencing an unusual amount of snow. rather than doing briefings, all of us have been at home shoveling and doing things to survive snowmageddon. we have intrepid members of the state department press corps with us. we have been able to try to continue business under arduous circumstances relative to washington, d.c. we are back in business. i am pleased to see many familiar faces back in the briefing room. we are at one month beyond the heavy earthquake and we thought it was a wonderful opportunity, having ambassador ken merton to bring him down and give you a sense from the ground view of what is happening in haiti. what -- how he has been able to cope and begin to recover from the devastating earthquake of a moment -- a month ago. haiti is experiencing a 3 day period of national mourning. we stand with haiti as it goes through this difficult time but we thought it would be a wonderful opportunity to have our ambassador who has been le

warren buffett, he pays a payroll tax on the first $109,000 he makes and then for the other $10 billionhe doesn't pay payroll tax. somebody said what? yeah, that's right. that's the way it works. so what we said is, well, don't we -- doesn't it make sense to maybe have that payroll tax cut off at a higher level? or have people -- maybe you hold people harmless until they make $250,000 a year, but between $250,000 and $1 million or something, they start paying payroll tax again. just to make sure that the fund overall is solvent. so that would just be one example. that's not the only way of fixing it. but if you made a slight adjustment like that, then social security would be there well into the future. and it would be fine. all right? [applause] okay. it's a woman's turn. you know, i'm gonna go back here. nobody -- these folks haven't had a chance here. i'm gonna let you use my mic. you'll give it back, right? >> my name is peggy and i am a native ne veda n. grew up in boulder city. few of us here. known this great guy harry all my life. and my question, which is near and dear to my he