this week wall street veteran william cohan's latest, "money and power," the follow up to his best-sellingook "house of cards" is an inside story of the rise and continued strength of investment bank goldman sachs. mr. cohan had access to several current and former high-level goldman employees including ceo lloyd blankfein, and he shares his discoveries with chief economics correspondent for the washington times, patrice hill. >> host: mr. cohan, thank you for coming for this interview. >> guest: thank you for having me. >> host: and this is a man who works and lives in new york, works on wall street and is very steeped in the world of wall street, knows what he's talking about. he's written a book "money and power: how goldman sachs came to rule the world." extremely well written and readable. extremely well researched with more than 100 interviews with the top chairmen and ceos, six of the top chairmen and -- living top chairmen and ceos of goldman sachs plus many, many of the sort of lower players but still important people in that world. um, and it's a very serious book. this is not yo

we are back with patrice hill and william cohan on "after words". >> host: goldman sachs without question remains one of the most powerful investment banks in the world they may also claim the title and one of those is jpmorgan which remains a powerhouse and i believe that was jpmorgan was the one bank the was singled out as not meeting a bailout perhaps, i believe was bernanke who said fed chairman bernanke that even goldman sachs would have gone down the drain without the bailout in the fall of 2008 and there was only one bank that probably could have survived on its own and i believe he was referring to jpmorgan. can you talk a little bit about that because we don't want to create the impression that goldman sachs is the only one with power and influence. >> guest: i think that you need to make a distinction, if i can it's a depository institution, it's a commercial bank with a large investment banking component to it, it is adding colin company -- bank holding company. before march of 2008, when the fed and the treasury decided to step in and save their stearns the government had neve

and william cohan on "money and power." get our schedule in your inbox. sign up for book tv alert. >> without significant spending cuts and changes in the way we spend the american people's money, there will be no increase in the debt limit. >> follow the debate on the debt ceiling as lawmakers continue to work on economic issues, on line at the c-span a video library where you get a search and watch and a share every event we have covered from 1987 until today. washington your way. "washington journal" continues. host: joining us is bill allison, editorial director of the solid foundation. de -- is here to talk to -- editorial director of the sunlight foundation. he is here to talk about how foreign governments lobby the u.s. guest: they lobby like any other special interest does, hiring washington firms, law firms, public relations firms, and then it these agents of there's -- agents of theirs go out and meet with members of congress, administration officials, put out position papers, most conferences, do all kinds of things that lobbyists and normally

cohan, back to you. >> stacy, thank you. >>> this is the second house explosion in our area this week. a home exploded in prince william county virginia on monday. the house in dumb frees was vacant but undergoing renovations. one person inside the home was hurt in the explosion. investigators have preliminarily determined a gas leak was to blame in that case. >>> pepco is looking into a man hole explosion in the meantime that happened last night in the heart of bethesda, maryland. the explosion was heard just after 10:00 on wisconsin avenue. they say it was a transformer explosion under ground that knocked out power to the area. no one was hurt. >>> new this morning, also from montgomery county, a man stabbed to death. this happened late last night at a townhouse on country ridge drive in germantown. investigators say an acquaintance of the victim is a suspect. they say he fled the townhome and called police from a nearby wal-mart. you can see him being put into a police car the shopping center. suspect has not been identified. >>> in the days after osama bin laden, the sent real question for the obama administration