let's go to washington arnold jump in please. if we had the choice between if we knew the difference between. dangerous speculation and valid investment we wouldn't be here today if human beings and regulators understood that we wouldn't be here today the regulators sauce credit default swaps they saw our mortgage securities and they said it was good i can show you quotes from ben bernanke saying how much better in two thousand and six risk management was in the financial sector because of these products so if you yes if you assume that regulators have godlike powers and absolutely give them total authority the problem is they don't and so there's there are two cases for simplicity and regulation one is that it's better for markets but the other is that it's better for regulators to just play within their game so to speak and so on consumer product safety regulation you just need some simple principles of not selling products in appropriately to people not fooling people and not and not selling them products that they had no chan

stick arnold, 9news now continues -- around, 9news now continues after the break. >>> early morning shooting in southeast washington is now a homicide. it happened just after 5:30 this morning on stevens road and stirling avenue. police say the victim is an adult male. his identity has not been released. authorities have not released a description of the suspect either but they say the gunman was driving a blue mercury with maryland tags. anybody with information should contact authorities. >>> president barack obama and vice president joe biden honored the top cops today. the president paid tribute to 34 officers at the white house for what he termed their quote quiet courage in the line of duty. >> for the men and women standing behind me, america's top cops, that day came. and when it did, they were ready. they didn't flinch. they didn't back off. there are people who are alive today only because of their courage. [ applause ] >> today marked the first joint appearance by president obama and vice president biden since the vice president pushed the issue of gay marriage into the forefront of the presidential camp

washington convention center. we'll also be covering it live on wusa9.com. >>> now, "entertainment tonight," the most-watched entertainment news magazine in the world. >> tom cruise, adam sandler, stallone and arnold>> i'm back. >> it's "e.t.'s" blockbuster summer movie preview. batman versus spider-man. snow white, prometheus, madea, and whitney houston's final performance. we'll tell you what to see this summer. kevin costner. ♪ when the angels came reaching out to the grieving families of america's fallen soldiers. >> everybody's heart broken. >> plus, his new civil war era mini-series "hatfield and mccoys." >> you get to put a beard -- you don't have to wear a tie. >> and -- ♪ hey mr. tambourine man meet the mystery musicians who really played on '60s hits.

washington moved his headquarters to west point. it was here that america's most famous traitor tried to betray his country. his name has become the symbol of treason. >> i think that was benedict arnoldrnold. >> that was benedict arnold. >> benedict arnold. >> benedict arnold. >> in 1780, he wanted to be the commander here. he'd been wounded grievously a couple years earlier. and he felt that he wasn't being treated properly. so his wife and he had conspired with the british to turn over west point for 30,000 pounds sterling. in today's money, that'd be several million dollars. so he sought this command. he gained this command. and then he tried to turn it over to the british, but it was foiled, and he escaped. and he became the most famous traitor in american history. >> arnold fled to safety with the british. after the war, the young country recognized it needed a military college. >> what our founding fathers realized -- with the size of our country, we need a strong military. we also needed a professional, military class of officers that were educated and trained in the art and science of war. >> in 1802, president jefferson made it official. the united states military academy wa

, you will automatically get them, and we will also put it on our "washington journal" home page on c-span.org. next, tennessee. arnold is a bit veteran. which war, arnold? caller: i was in the navy during the vietnam war, but i was never in combat. host: what do you want to talk about? caller: you were asking what can the government do former u, due for us, and then brought to mind john f. kennedy's famous ", asked not what your country can do for you, but a test where you can do for your country." i would like to try to do something before my country. my name is arnold joseph white, and i have a website where you can read and download for free of books that i wrote, and it is godislove.org and i use this "when the power of love overcomes, the world will know peace." there is another quote from john f. kennedy, and that was from his and all euro address in 1961, and this other -- inaugural address in 1961, and this other one goes "in a long history of the world only a few generations have been granted the role of defending freedom in its hour of maximum danger. i do not shrink from this responsibility, i welcome it."

washington journal home page so you can have some time to spend with it and we hope that will increase your understanding and to conversation in a different direction. next is a call from tennessee. arnold is a veteran of which war >> caller: i was in the navy during the vietnam war although i was never in combat or anything. >> host: if you have to contribute to the program? >> caller: you for asking the question what can the government do for you, do for us and that brought to mind john f. kennedy famous code ask not what your country can do for you but what you can do for your country. i would like to try to do something for my country right now. my name is arnold joseph white and i have a web site where you can read and download for free a book that i rode into the web site is god is love got word of. i open and close my book with this quote. it goes when the power of love overcomes power, the world will know peace. there is something in my book that has the power to do that and i would like to share this with you. there is another quote came from john f. kennedy. that was from his inaugural address in january back in 61 and this other quote from his address goes a long history of t