this week will street journal economics editor david wessel talks about his book "in fed we trust." in the book mr. wessel looks at the will played by federal chairman ben bernanke following the 2008 economic collapse. he discusses his book with allyson rivn current senior fellow at the brookings institution. >> host: hello. i am alice rivlin, and it is my pleasure to be talking to david wessel about his book, "in fed we trust" been bernanke's war of the great panic which actually has a second subtitled, not every book has to subtitles, david. how the federal reserve became the fourth bank of the branch of government. it's a fascinating book. >> guest: thank you. >> host: i loved it, and i think i should make that clear. at the outset, you take the readers step by step through the crisis of the last couple of years from the eyes of the chairman of the federal reserve bin bernanke, so the book lets you see what m.a.d.d. and his colleagues weret they missed, why they did what they did not, the internal tension and uncertainty of how they were learning along the way. you are a very goo

"after words" with david wessel and alice rivlin continues. >> host: back again david wessel. we are talking about your book "infil we trust ben bernanke's war on the great panic," and we were in mid panic when we took a break. it was a bad moment when whether by design or by accident history ben bernanke and tim geithner, still dennett the new york fed and hank paulson at the treasury let and lehman brothers fail, and the consequences were dire. and almost immediately they were faced with another giant. aig. now, aig isn't a bank. it isn't even an investment bank. it's an insurance company. and what was the fed doing bunning in insurance company? i used to have a fantasy back when i was at the fed if somebody from the staff had walked into my office and said i think we ought to buy a large failing insurance company -- [laughter] -- what what i have said? >> guest: i think there was quite a bit of that at the fed at that time. so, they're stearns and lehman brothers are kind of second cousins of the bank and said understood the business they were in. they really did not see ai

joining us to talk about that, andy serwer and david wessel. thanks for joining us. andy, your new book called "starting over." will the next decade be better? >> first of all, there's one school of thought that this past decade was so terrible the next one can't help but be better. i'm not buying that, necessarily. we're going to see some changes in some trends. we talk about that, that are going to make things better. it is not inevitable that things will improve. in terms of seeing so much neglect, deferral of responsibility, i think those things are going to turn around a little. >> david, looking ahead, is there another shoe to drop after the hits our economy has taken already or do you think we are looking at better times next decade? >> i feel like we must be living under a centipede the number of shoes that have dropped the last couple of years. i think andy's almost bound to be right. it was a terrible decade. and we ended up with many americans having less at the end of the decade than they had in the beginning. the history of america is that we usually --

dy woodruff takes a look wit vid wessel of "the wall stre journa. >> lehrer:ark shields and vid brooks offer their analysis. >> brown: and a look at o controls the internet the u.s. challges china on its censorship policies. >> couries that restrict fr access to information or violate the bic rights of internet users risk they will sels off from the progress of the xt century. >> lehr: that's all ahead... on tonight's newshour. major funding r the pbs newsho is provided by: pacific fe bankf america >>hevron. this is the power of human energy. toyota. >> andy the bill and melinda gates fodation. dedicated to t idea that all pele deserve the chance to live a healthyroductive life. and with the ongng support of the institutions and foundations. and... this program wasade possible by t corporation for public broadcaing. and by contributionso your pbs station om viewers like you. thank you. >> lehrer: the exodufrom haiti's shtered capital kept building today. aid ficials reported 200,000 haitians have fled porau- prince. the government talked of setng vast new tent cities. and an 84-year-ol

plus, on theundown, there's more from the wall seet journal's dad wessel on the economic year ahea al there, you can find out what stories the newour's foreign afirs beat will be watching in the neyear. and there's more on tharavind e clinics read a reporter's notebook andatch fred de sam zaro's online report about t partnership thatelped the hospits grow. all that and more is on r web site, newsur.pbs.org. jeff. >> brown: and that the newshour foronight. i'm ffrey brown. suarez: and i'm ray suarez "washington we" can be seen lar this evening on most pbs stions. we'll seyou on-line and ain here monday evening. ve a nice weekend. happy new year thk you and good night. major funding fothe pbs newshour is provided by: >>hevron. this is e power of human ergy. >> and by the billnd melinda gates undation. dedicad to the idea that all people deserve the chancto live a healthyroductive life. and with the ongoing supportf these institutns and foundation an.. this program w made possible byhe corporation for blic broadcasting. and by ctributions to your pbs station from viewers likyou. thk you.

andy serwer, david wessel. >>> up next on "the wall street journal report," host aextraord. i'll talk to mark mobius. >>> it's a dog's life. snoop dogg. lessons in perseverance and success from the wrapper and music mogul. as we take a break, take a look at how the stock market ended the week. could switching to geio 15% or more on car insurance? host: does charlie daniels play a mean fiddle? ♪ fiddle music charlie:hat's how you do it son. vo: geico. 15 minutes could save you 15% or more on car insurance. >>> investor mark mobius is the father of emerging markets. he's executive chairman of templeton assets. what he says and how he says it is closely watched by investors. i've spoke with him recently about what he likes now, what he's avoiding, and how about that run in emerging markets. here's where he's putting his money today. >> from the longer term perspective we're still quite bullish on both china and india. >> are there areas you like more than others? give me a sense of the real opportunities around the world right now? >> it's interesting. i just came back from sau

. >> in fed we trust, from wall street economic senator david e wessel will discuss his book with the first director of the congressional budget office. afterwards, part of this weekend's booktv on c-span2. >> up next, mitv for an in dept our interview. >> on the back flap of the book's pretty will authors often have endorsements a the additio culture of corruption and here is the back flap endorsed

"in fed we trust," from david wessel, on ben bernanke. will discuss his book with alice rivlin part of this weekend's book tv on c-span2. >> this c-span video library is a digital archive of c-span programming from barack obama to ronald reagan and everyone in between. now available to you. it is fast and free. try it out at cspanvideo.org. >> "washington journal" continues. host: we will introduce you to our final guest, dr. atul gawande, a surgeon, and has been involved in the policy on health care for a decade and have now. he has written a number of books, and his latest book is called "the checklist manifesto." will talk to him about all that this morning. during the clinton years, he served as a senior health policy adviser during the campaign and in the white house from 1992 to 1993, and you can reach him on a fairly regular basis in "the new yorker." when did you make the decision that in addition to practicing, you would also be involved in health care policy? guest: i tried to avoid being a doctor for awhile. the son of two indi

. >> "wall street journal" economics editor david wessell on fed chairman ben bernanke and the role he played after the economic collapse of 2008. he'll discuss his book in fed we trust, with alice rivland, resee chairman and first director of the budget office. >> anthony pitch, author of seven books, including "the born of burning of washington" has a few book out "they have killed papa dead, the road to ford's theater, abraha abraham lincolns murder." >> i spent nine years researching. i have he tons of new information. the big of the thing i found was lincoln was going from the old senate chamber in the capital, having witnessed the inauguration of his vice-president. he went to the rotunda, a man burst from the crowd a few feet behind him and the commissioner of public buildings seized him. the man insisted on his right to be there and the man seizing him said maybe as a new congressman, i don't know, release him. lincoln was inaugurated unaware of this. six weeks later, lingual on was shot. this man seized him, wrote to a relative, i found the letter, and said, that was the face

. >> from wall street journal economics editor david wessel on ben bernanke and the economic collapse of 2008. he will discuss his book with the first director of the congressional budget office. afterwards bleaker still part of this weekend's booktv on c-span2. now available, abraham lincoln, great american historians on our sixteenth president. a great read for any history buff. it is a unique contemporary perspective on abraham lincoln from journalists and writers from lincoln's early years to his life in the white house and is relevance today. abraham lincoln in hard cover at your favorite bookseller and in digital audio to listen to any time where digital audio download are sold. learn more at c-span.org/lincolnbook. >> next a conversation on corporate lobbying, from a former capitol hill staffer who works as a washington lobbyist. this event from american university is 1 hour and 10 minutes. >> welcome to dave 3 at american university. our first speaker today is mr. murphy. she is from the successful lobbying firm madigan and jones and is new to that organization. she will talk

in fed we trust, from wall street journal economics editor, david wessel, and fed chairman ben bernanke and the role he -- the role he played after the economic collapse in 2008. he will discuss his book with the former federal vice chair and first director of the congressional budget office. >> now available, c-span's book "abraham lincoln: great american historians on the 16th president." from lincoln's early years to his life in the white house and his relevance today. abraham lincoln in hard cover at your favorite bookseller, and now in digital audiopc, availabe where digital audio downloads are sold. >> president barack obama plans to announce more government spending to create tens of thousands of green jobs. this morning, the labor department reported an unemployment rate virtually unchanged at 10%. we will show you what we can when the president -- the briefing with the president is under way scheduled at 3:00 p.m. >> i forgot the week ahead, so we will e-mail letter around at the conclusion of today's activities. yes, ma'am? >> you report a bus night that robert gates will stay

eastern on c-span. >> david wessel will discuss his book, "in fed we trust." "book tv" on c-span2. >> sunday, 1 "newsmakers," a recent report that the irs is not effectively answering phone calls from taxpayers. >> only 71% of the people who call will get through to a real person. why such a low percentage? >> first of all, with every irs program, weather service enforcement, i believe we can always get better. the report that you are talking about talks about declining service rivals these last two years as compared with the years before. to put that in broad context, i tried to make sure that we run very good service channels. when i say channels, i mean phone service, web service, service over the internet, out walk-in service, the paper that goes back and forth between the irs and taxpayers. our phone service has decreased the past couple years. the demand has really exploded. on average, we get about 65 million calls every year. two years ago, when we sent out economic stimulus checks, we had 150 million calls. last year, we had about 100 million calls. e

i will point out that david wessel will be interviewed by alice rivlin talking about the fed. that will be on book tv this week and did you can watch it all live online at a booktv.org. enjoy your weekend. thanks for being with us. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] . >> just after 10:00 a.m. we plan to bring you a discussion on afghanistan's election. we will record that program at the u.s. institute of peace and show it to you later. negotiations are underway on a health-care bill on capitol hill. if the house and senate proposed a different ways to increase access to health insurance. the alliance for health reform will hold a discussion of the insurance exchanges. we will have live coverage on c- span. hillary clinton will be commemorating the 50th anniversary of the un agreement on global reproductive health policy. 180 nations agreed to reduce infant mortality. see her comments today on c- span2. >> [unintelligible] it offered an explanation for something that had been baffling westerners in pa

finally come in "the wall street journal," it david wessel writes about the lessons of medicare part finally, from a local perspective, this goes back to the discussion about access. "the miami herald" as a story about "the jackson halts dialysis of poor patients." they cannot afford it anymore. guest: the striking thing to me is that we are becoming aware of these kinds of situations. it has been a common at -- it is fascinating to me that it that is finally a front-page piece of news, because the point at which we have been turning people away from care, struggling to figure out how to get coverage for people when they have dialysis, cancer troubles, has been an underlying current in our experience for a while. host: the chief executive of the jackson held system -- health system is quoted as saying that the decision was not taken lightly. but they can get the treatment in the emergency room. guest: a way that happens is that when you have a kidney failure, you can function for all while, and then after a week or two, you become so sick that you were at death's door, you go to the

finally come in "the wall street journal," it david wessel writes about the lessons of medicare partd. finally, from a local perspective, this goes back to the discussion about access. "the miami herald" as a story about "the jackson halts dialysis of poor patients." they cannot afford it anymore. guest: the striking thing to me is that we are becoming aware of these kinds of situations. it has been a common at -- it is fascinating to me that it that is finally a front-page piece of news, because the point at which we have been turning people away from care, struggling to figure out how to get coverage for people when they have dialysis, cancer troubles curren our experience for a while. host: the chief executive of the jackson held system -- health system is quoted as saying that the decision was not taken lightly. but they can get the treatment in the emergency room. guest: a way that happens is that when you have a kidney failure, you can function for all while, and then after a week or two, you become so sick that you were at death's door, you go to the emergency room and get eme

. >> "in fed we trust," from david wessel fed chairman ben bernanke and the role that he played in 2008. "afterwords, ' -- afterwords, '-- afterwords," this weekend of book tv. >> there is limited time left to enter c-span's studentcam project. enter before midnight, january 20. winning entries will be shown on c-span. do not wait another minute. the 02 studentcam.org for more information. >> now a discussion on long-term health care services. . >> good morning. welcome to this health affairs briefing on our new january 2010 issue, advancing long-term services and support. this is a very special day. this is a very special day. we are very excited about this issue, which is the first full issue of the journal that has ever been devoted to this particular topic of long-term services. the we are extremely grateful to the foundation which provided us with the funding to execute it. key provisions in key provisions pertaining to this area of long-term services and supports, the largest one being the provisions of the community living provisions or supports act. we will hear later today from

. >> "in fed we trust" from david wessel on fed chairman ben bernanke. he'll discuss his book with the former federal reserve vice chair and first director of the congressional budget office. part of book tv. >> jeffrey lacker president of the richmond federal reserve bank says that the recession has ended. he also talks about financial regulations legislation making its way through congress. this eept is hosted by the maryland bank ergs association and is 45 minutes. >> dr. lacker was involved that determined not only the fed funds rate but decisions that affected interest rates in general, foreign exchange rates, employment and the general level of prices of goods and services. many of you were at this event last year and heard dr. lacker as he started in this role. we are certainly looking forward to hearing what he has to say about 2010 and he has agreed to take questions. so if questions come to mind during his presentation, write them down and he will try to answer them for you. dr. lacker. [applause] >> it's a great pleasure to be here with you ag

from "wall street journal" david wessel on ben bernanke and the role he played in the economic collapse he's discussion with alice, the congress no, ma'am budget office. this weekend on c-span two. >> i'm always concerned about the potential unforeseen consequences, unintended consequences. regulations of any kind act as a tax. and when you tax or regulate something, you tend to get less of it. you tend to diminish it. >> this weekend on the communicators, republican robert mcdowell on efforts to create a national broadband plan, net neutrality, and the wireless industry. saturday on c-span. >> now available c-span's book, abram ha lincoln, great americans historians on our 16th president. from 56 scholars, journalist, and writers from his early years, to his life in the white house, and his relevance to today. now in digital audio to listen to any time. available where digital audio downloads are store. >> now a look at u.s. social safety net services. yet scholars from the world bank, brookings institution, talked about a new book on how to improve the work force and federal poverty p

. >> in fed we trust, from "wall street journal" economic editor, david wessel on fed chairman ben bernanke and the role he played after the economic collapse of 2008. he'll discuss his book with former federal reserve vice chair and first director of the congressional budget office. afterwards, part of this weekend's book tv on c-span2. afghanistanaries logar province is located south of the capital city of kabul. freelance journalist david ax was embedded with the army in october and november. he followed u.s. troops, as they worked to extend services to the farmers of the area and connect them with the afghan government. >> it's a district, which means like a subdivision of a of pro inches. i think there's about, i don't know, 100,000 people in baraki barack. it's a farmer community, so 80%, 90% of the folks there either grow wheat or corn or raise animals, goats and sheep and cows. traditionally, baraki brach grows the food that the people eat. the troops there in fact represent reinforcements, because a year ago, there were 100 americans in logar province. now there are 1,000. big impr