that's why it's titled "how washington failed america." shington failed america, first, by allowing this crisis to develop. we had very wrong-headed policies over the previous decade or so that regulatory policies that allowed this situation to develop. and then once the crisis hit, the crisis was terribly mishandled by the treasury. treasury shouldn't be in charge of crisis management in the financial system because it is a highly political agency, and they're not skilled at it. one reason we kept the crisis under control in the 1980s is that the federal reserve, an independent agency, and the fdic, an independent agency, apolitical, handled the crisis, and we didn't have a lot of involvement from treasury. cheryl: you know, one of the things that we heard from hank paulson, basically -- because he, himself, of course wrote a book after he was there under the bush administration -- paulson himself said that he was surprised by the financial crisis that hit back in 2008. i mean, why would he be surprised when we had, in particular, home val

fdic and author of the book "senseless panic" how washington failed america, william isaac, nice to seeow. >> great to be with you. >> clayton: we heard of dodd frank as an effort to protect us from having to worry about bailouts again. did it work? >> i think that dodd-frank was basically an efforts by members of the congress who voted for tarp to protect themselves in the election. i don't think it was a serious effort at reform. it heaped 2500 pages of new statutory provisions and probably 10 or 20,000 new pages of regulations on top of the community banks. and it's going to lead to more concentration, in the banking system, and more and more of our banking systems going to be in fewer and fewer hands and it's going to really hurt the community banking sector which is where the small business loans are made, not all of them, but most of them. i don't think dodd-frank is effective at all. i think it's overkill. and entirely unnecessary. >> clayton: and one of the things it was meant to prevent was picking winners and losers, right? hey, you know, this large bank, bank of america, well

ralph reed in his religious political machine and while politicians in washington including president obama continue america's failed war on drugs many are calling for medical marijuana to be legalized one of the strongest proponents of medical marijuana is actress comedian and presidential candidate roseanne barr with her later in the show and remember the terminator movies how an evil computer program takes over the world well that happening right now on wall street why is the government allowing machines to do most of the trading at the big banks and isn't it time we shut them down. you need to know this thousands of religious voters across the nation are receiving surveys in the mail that aren't really surveys or push polls push polls are things that are designed disguised as surveys but actually intended to leave specific information or decision from asian stuck in the minds of voters for example the first issues summary from which questions two and three derive in this particular voters' survey says that venezuela's controversial president hugo chavez calls president obama comrade obama and says that he's to t

valiant to rebuild america's moral standing and break from the policies of his predecessor the failure to respond is a direct result of a broken politics in washington and the failed policies of george w. bush four years after change occupied the white house america is still at war twenty three million citizens are unemployed and most of the national security policies cemented by george w. bush continue unabated or have been expanding the coded fixation of what were illicit abuses under bush imprisonment without trial spying without warrants we've now replaced imprisonment and torture largely with assassination which is actually not a moral improvement under obama's leadership guantanamo bay remains open the patriot act has been renewed warrantless wiretapping extended but cia black sites have closed targeted killings have been justified drone strikes publicly acknowledged military commissions codified however enhanced interrogation like waterboarding has been banned critics say obama has not only double down on bush's policies he's also raised the stakes signing the national defense authorization act made him the first us president to assert the right to assassin

failure to respond is a direct result of a broken politics in washington and the failed policies of george w. bush. [cheers and applause] america better than these last eight years. we are a better country than this. [cheers and applause] this country's more decent than one where a woman in ohio on the brink of retirement finds herself one illness away from a lifetime of hard work. we're a better country than one where a man in indiana has to pack up the equipment that he's worked on for 20 years and watch as it's shipped off to china, and then chokes up when he explains how he felt like a failure when he went home to tell his family the news. we are better than letting families slide into poverty. [cheers and applause] that sits on its hands while a major american city drowns before our eyes. tonight i say to the people of america, to democrats and republicans and independents across this great land, enough! this moment -- [cheers and applause] this moment -- [cheers and applause] this election is our chance to keep in the 21st century the american promise alive, because next week in minnesota the same party that brought you t

failure to respond is a direct result of a broken politics in washington and the failed policies of george w. bush. [ cheers and applause ] america, we are better than these last eight years. we are a better country than this. >> in 2008 he was a senator preaching hope and change to a huge crowd of adoring fans who looked at him as a man who could walk on water, ushering in camelot 2.0. now four years later on the eve of the dnc in charlotte, enthusiasm has faded and the youthful senator has graying hair, but he's still full of fight. a story calls him the competitor in chief. sub text, he's still got fire in the belly about campaigning, but will it make the difference? in the guest spot today, msnbc political analyst bloomberg view columnist, jonathan alter, thank you for being here. >> thanks for having me, guys. >> it is fair to compare the '08 dnc and the 2012 dnc, 2008 obama, 2012 obama, is it fair? >> all's fair in love and politics. sure, it's fair. that convention he had a big expectations bar to get over because he was already a phenomenon going into that convention. they had to make sure that things with the clintons we

picture discussion islamophobia in america also as the eurozone nations continue to collapse under failed us therapy economic policies republican leaders in washington are saying hey let's try that appeared. why are republicans still stuck on austerity that and more into nights big picture rubble and republicans tried to destroy the obama presidency with fast and furious and they failed so the president obama is reelected how republicans try to sabotage a second term i'll tell you that and i still eat it. today we have a special bigger picture discussion on islamophobia in the united states in two thousand and ten there were one hundred sixty anti muslim hate crimes in america and between twenty one in two thousand and eleven twenty seven two thousand and eleven the rate of growth of anti muslim hate groups tripled and since july nineteenth of this year the beginning of the muslim holy month of ramadan there have been ten reported anti muslim hate crimes ranging from graffiti on muslim graves to a mosque in joplin missouri being burned to the ground these sobering statistics make one thing very clear islamophobia has unfortunately become an epidemic

but the failure to respond is a direct result of a broken politics in washington and the failed policies of george w. bush. america are better than these last eight years. we are a better country than this. this country is more decent than one where a woman in ohio, on the brink of retirement, finds herself one illness away from disaster after a lifetime of hard work. we're a better country than where a man in indiana has to pack up the equipment he worked on in 20 years and watch as it's shipped off to china, and then chokes up how he felt like a failure when he went home to tell his family the news. we are more compassionate than a government that lets veterans sleep on our streets and families slide into poverty; that sits on its hands while a major american city drowns before our eyes. tonight, i say to the american people, to democrats and republicans and independents across this great land - enough! this moment, this moment, this election, is our chance to keep , in the 21st century, the american promise alive. because next week, in minnesota, the same party that brought you two terms of george bush and dick

failure to response is a direct result of liberal and politics in washington that the failed policies of george w. bush. [applause] americathan this. >> that speech part of the video library. you can check it out with the last convention speeches. that was four years ago. the karen, what will we hear this week? >> barack obama was saying, let's go out and make history. he was also selling himself as an agent that could fix what was wrong with washington. we also saw that in the three presidents that were elected before him. they all were claiming, i can bridge the gap, bridge the partisanship. the partisanship is worse than it has ever been. what we are hearing now is that washington is broken. the american voter are going to have to pick a side and break this high. one side or the other is right. it is a different kind of message this time around. whether we hear it this week, i assume we will. we are still trying to hear where he is going to sort of take this forward from here. >> we are going to go down to the floor with our colleague and a guest. >> lots of people on the floor right now out in the media folks with cam

filmed america mocking the prophet muhammad as violent protests reach across the globe for almost a week. while washington asked what happened to the arab spring its diplomatic efforts have so far failed to salvage the years of work building bridges with the arab world. plus spain and portugal again to hit with and house stary demonstrations the populations there demanded and interference from brussels this as one point five million new barcelona calling for head alone is independence from spain. two am in moscow i match reza good to have you with us here on r t our top story anger and protests tore across the global muslim community this week in a fierce outpouring against a film made in the states that ridicules islam centered in a region still reeling from more than a year of unrest it's become one of the bloodiest episodes since the dawn of the arab spring. western diplomatic missions in businesses have been targeted by mobs of protesters incensed by what's seen as a direct attack on the prophet mohammed washington has ordered most of its diplomatic staff out of tunisia and sudan after attacks there led to casualties protests have erupted in dozens of countries across the world wi

america a mocking the prophet muhammad as violent protests across the globe. violence has left at least a dozen dead. while washington ask what happened to the arab spring diplomatic efforts have so far failed to solve it building bridges with islamic states. spain and portugal once again hit with demonstrations as the populations to brussels interference. millions barcelona calling for independence from spain. sports is next with union stay with us. thanks for joining us this is sports today let's have a look at what's making your headlines this hour. on home ice surrogate gone char become the first n.h.l. all stars to return to russia as the n.h.l. officially locks itself odd. hours some grow for you venters and italy legend alessandro dealt piero touches down in sydney to begin his stint as the country's highest paid footballer. trick hero it's been a weekend trim ember for sure line in the. car as he wins three major global aids in the same. list to call for the russian premier league football have ensured they will end the weekend second in the table the army man taking care of a londoner in sunday's opening fixture it wasn't until after the break the hosts on the net the japanese dang