out of treasury learned this in who it is d.o.e. informed treasury? >> it would've been around this time, march 10, when we were provided information on the terms and conditions of the loan. i am not specifically sure with individual transmitted documents to us, but it would've been here in early march. >> thank you. i recognize my colleague, ms. degette from colorado. >> thank you, mr. chairman. the chairman asked you if treasury was raster decision and you said you were given additional time. so i guess your answer would be no, you were rushed? >> we were not rushed. >> okay. the majority is highlighted his comments by mary miller, the assistant secretary for financial markets in an august 17 e-mail to omb, deputy jeffrey snyder regarding restructuring of the solyndra mode. if you can take a look at tab 12 in your notebook and look at that e-mail. in the e-mail, ms. miller writes, our legal counsel believes that the statute in the d.o.e. regulations both require the loan should not be subordinate to any of the loan or debt obligation. mr. grippo, gi

as well as treasury. now, the majority may argue the subcommittee will provide an opportunity to question and d.o.e. about its views on a later date. mr. chairman, i'm sure you intend to do that. that approach only serves to ensure that half the story told today. it makes this hearing appeared to me to be more about generating had lines been engaging us in thorough fact-finding. i hate to say that nicely with all due respect, but let's not do this investigation piecemeal. as do a whole investigation. let's get all the facts out there and figure out what to do. >> i think the ranking member and i think it's self-evident were going to have to d.o.e. folks up here. we agree with you completely, so we intend to have them appear as well as the people who signed the document so he can assure that will have this happen. with that, i recognize the chairman of the full committee, distinguished colleague from michigan, mr. upton. >> well, thank you, mr. chairman. eight months ago we asked secretary choose to turn o

as well as treasury. the majority may argue the subcommittee will provide an opportunity to question d.o.e. about its views on a later date and i'm sure you intend to do that. but that only serves to ensure half the story is told today. it makes this hearing appear to me to be more about generating headlines than engaging us in thorough fact finding. i hate to say that and i say it with all due respect but let's not do this investigation piecemeal. let's get all facts out there and that let's figure out what to do. >> thank you, ranking member. i think it is self evident we're going to have the d.o.e. folks up here. we agree with you completely and we intend to have them appear as well as the people who signed the dark commence -- designed the documents. with that, i recognize the chairman of the full committee. >> thank you. eight months ago we asked secretary chu to turn over all documents between the department of energy and department of treasury related to solyndra. we had to ask again lee september

the treasury has been a -- is going to continue to monitor according to the obama treasury, the pace of appreciation by china. it is a high priority for the treasury. really? that's good news. the trouble is that the facts don't support the statement. it's a high priority for the treasury. working through the g-20, the i.m.f. and through direct bilateral discussions to courage policies that will create greater exchange rate flexibility." close quote. the failure of administration after administration to do more than closely monitor rather than to take action is why congress must act to pass legislation to require action against foreign countries that are unfairly manipulating their currency. so the bill before us, senate bill 1619, the currency exchange rate oversight act, is a bipartisan bill combined several earlier manipulation bills. it clarifies that u.s. countervailing duty laws can address currency undervaluation, giving american companies and manufacturers stronger tools to fight back against these unfair trade practices. it would replace the weak and flawed currency provisio

treasuries. this is mainly a result of their policy to try to re-align their exchange rate at a more acceptable level in the international market. so it's normal for chinese authorities to be trying to sell holdings of u.s. treasuries and buy other things. the u.s. is still a major currency in the international markets, not only because of the ratings themselves, but also because of the use of the u.s. dollar both in investment and commercial transactions. at the same time one of the reasons why the yields are as low as they are right now is because there is not as much dollar debt outstanding as there used to be. it's not clear where investors would put their money. >> that was christian carrillo at social securities in tokyo. >>> china says direct investments from the eu in the nine months through september of this year have fallen from the same period in 2010. china's ministry of commerce spokesperson told reporters on wednesday that investments from january through september amounted to about

staff email to treasury staff (8/16/11) gfx))) -- page 20 offpdf"the title xvii statute anddthe doe regulations both require that the guaranteed loan shall not pther debt obligation" the or - bet a quarter that the doe lawyers have someekind of restructuring they have done and whatever they are considering doing doos not viooate these requirements. can't wait o hear it."eeanuel says "leading republicans conclude ittis much bigger than that. you haveeon cabinet level agency, treasury, saying another agency, energy, broke the law, and the taapayers are left on the hook.on capitol hill, mike emmnuel, fox news. right thing whhn she hit a cat - with her mini van... but things wwet from bad to worseewhen she put the cat in the ddshboard and got stuck!it took three hours for a mechanic to free the feline. the womannis noo considering adopting theecat. 3 3 3 3 3 sex in the sky. the person they were trying to impress......and why they won't be facing ann charges i feel really disgustee aboou it. 3 this bulletin board started...s the comments from ne ttacher... that may get her p3 the lines w

office of treasury. certain criteria that has to be met, and funds in these institutions have to be used for certain purposes and the community needs before they are classified as a community development financial institution and to be eligible for federal funding that help support these activities. finally, publicly-owned banks. this would be a bank that provides all the same services as a private bank, but is owned by a public entity. just in terms of the scale of all these things, 237 commercial banks in california with assets of $1.8 billion at present. 431, almost double the number of commercial banks that are credit unions, but they are much smaller in scale. 209 $9 million in assets. community development financial institutions. we could not find a centralized list of all of them. what we did fine from the u.s. office of treasury, 17 were awarded treasury funds since the mid-1990s when the federal act was set up to a provide funding. on publicly-owned banks, there is only one in the country, bank

treasury secretary tim geithner was very close to wall street. and they were the ones who in two thousand and two actually showed the previous greek government how to hide their actual debt in order to get into the euro and have a bonanza in terms of your euro membership for greece and the greek economy. and they were the ones who pulled the plug on some of the group came into office just applying the dollar was under threat. the rating agencies downgraded the debt standard and poor's on the day that the european. union heads of state agreed in principle to a greek bailout they downgraded greece three notches which is unprecedented for sovereign debt. down to a level of junk and that meant that all pension funds around the world had to dump greek government sovereign debt immediately. by the rules and regulations and that triggered the crisis into a whole not just as a crisis was nearing a solution. but rating agency. people who are conservative bankers who never think in terms of conspiracy told me. in europe that this if there ever was doubt be

i will say the treasury have two -- the treasury has two distinct roles. as a consultant and as a lender. as a consultant, the statute requires the secretary of energy to consult with the department of treasury on the terms and conditions of loan guarantees. we provide input on that basis. when the department of energy decides to make a 100% federally guaranteed loans -- they make a 100% federally guaranteed loan and it is the federal financing bank that issues the loan to the private sector entity. we have a role as a consultant and a role as land -- in lending, which is operational. >> i understand your colleague does not have an opening statement? >> saturday, a discussion on the world of young adults in the wall street protests. our guest is the co-founder of president of our time. lenny curry talks about the role of his stay in the 2012 presidential process. and we have the ceo of the organization for international investment. after that, 20 years after anita hill's testimony for the confirmation of clarence thomas, we will bring you a forum looking b

treasury secretary tim geithner who's very close to wall street. and they were the ones who in two thousand and two actually showed the previous greek government how to hide their actual debt in order to get into the euro and have a bonanza in terms of your membership for greece and the greek economy. and they were the ones who pulled the plug on greece under the pump and came into office just at the time the dollar was under threat. the rating agencies downgraded the debt standard and poor's on the day that the european. union heads of state agreed to a print in principle to a greek bailout they downgraded greece three notches which is unprecedented for sovereign debt downgrade down to a level of junk and that meant that all pension funds around the world had to dump greek government sovereign debt immediately by you know by rules and regulations and that triggered the crisis into a whole new dimension so just as the crisis was nearing a solution. the rating agency stepped in people who are conservative bankers who never think in terms of conspira

the secretary of the treasury tim geithner, when mr. geithner vis sited a fiber optics plant in north carolina today. >> reporter: our poll shows that 85% of americans think the economy is getting worse or will stay the same. that is a deep lack of confidence that i asked the treasury secretary about today. is the economy getting worse? >> it's still very tough out there. i think people are very frustrated and still hurting a lot. >> reporter: but is it getting worse? >> the economy as a whole, the economy is just not growing fast enough. >> are you convinced we've hit rock bottom. could there be a second recession? >> the strength of the economy right now depends over whel overwhelmingly on two things: how successful europe is in resolving the financial crisis and what people do in washington. again if congress does not act on these proposals on the president's jobs act then taxes go up for all americans, most americans, they go up for most businesses. growth will be weaker. more americans will be out of work longer. >> reporter: but w

treasury secretary tim geithner who's very close to wall street. and they were the ones who in two thousand and two. we showed the previous greek government how to hide their actual debt in order to get into the euro and have a bonanza in terms of your membership for greece and the greek economy. and they were the ones who pulled the plug on greece under the when papandrea came into office just at the time the dollar was under threat. the rating agencies downgraded the debt standard and poor's on the day that the european. union heads of state agreed to a print in principle to a greek bailout they downgraded greece three notches which is unprecedented for sovereign debt downgrade down to a level of junk and that meant that all pension funds around the world had to dump greek government sovereign debt immediately by you know by the rules and regulations and that triggered the crisis into a whole new dimension so just as the crisis was nearing a solution. the rating agency stepped in people who are conservative bankers who never think in terms of con

treasury secretary tim geithner who's very close to wall street. and they were the ones who in two thousand and two actually showed the previous greek government how to hide their actual debt in order to get into the euro and have a bonanza in terms of your membership for greece and the greek economy. and they were the ones who pulled the plug on greece under the when it came into office just at the time the dollar was under threat. the rating agencies downgraded the debt standard and poor's on the day that the european. union heads of state agreed to a pretty in principle to a greek bailout they downgraded greece three notches which is unprecedented for sovereign debt downgrade down to a level of junk and that meant that all pension funds around the world had to dump greek government sovereign debt immediately by you know by rules and regulations and that triggered the crisis into a whole new dimension so just as the crisis was nearing a solution. the rating agency stepped in people who are conservative bankers who never think in terms of conspira

the secretary of the treasury tim geithner, when mr. geithner visited a fiber optics plant in north carolina today. norah? >> reporter: our poll shows that 85% of americans think the economy is getting worse or will stay the same. that is a deep lack of confidence that i asked the treasury secretary about today. is the economy getting worse? >> it's still very tough out there. i think people are very frustrated and still hurting a lot. >> reporter: but is it getting worse? >> the economy as a whole, the economy is just not growing fast enough. >> reporter: are you convinced we've hit rock bottom? could there be a second recession? >> i think the strength of the economy right now depends overwhelmingly on two things: how successful europe is in resolving the financial crisis and what people do in washington. again if congress does not act on these proposals on the president's jobs act then taxes go up for all americans, most americans, they go up for most businesses. growth will be weaker. more americans will be out of work longer. >> re

treasury secretary tim geithner was very close to wall street. and they were the ones who in two thousand and two actually showed the previous greek government how to hide their actual death in order to get into the euro and have a bonanza in terms of your euro membership for greece and the greek economy. and they were the ones who pulled the plug on greece under the looking at office just at the time the dollar was under threat. the rating agencies downgraded the debt standard and poor's on the day that the european. union heads of state agreed in principle to the greek bailout they downgraded greece three notches which is unprecedented for a sovereign. down to a level of junk and that meant that all pension funds around the world had to dump greek government sovereign debt immediately by you know by rules and regulations and that triggered the crisis into a whole new dimension so just as a crisis was nearing a solution. but rating agency stepped in people who are conservative bankers who never think in terms of conspiracy told me. in europe tha

>> this e-mail from the office of management and budget and department of treasury. >> treasury is on the e-mail. >> we did contribute to it but we were not responsible for send of this or monitoring of portfolio. >> are you concerned there are others out there like solyndra? >> no, i'm not at this time. i don't have any information that would lead me to have additional concerns. >> mr. chairman. i ask if i additional questions could submit those for the record? >> yes. you may submit those for the record. gentleman from virginia, mr. griffeth is now recognized. >> thank you, mr. chairman. mr. burner, you sent an e-mail to frances and susan and i believe that is susan richardson and friends ses, i apologize, can't pronounce her last name. is that correct? >> that's correct, sir. >> can you pronounce her last name for me so i can get it right. if you can't, okay, i understand. >> i could try but -- >> apologize to frances formally. nowachko. >> all right. and you wrote that to both of them on febuary 10th. you got a message back from frances on that same day that says there has been a

staff email to treasury staff (8/16/11) gfx))) -- page 20 offpdf"the title xvii statute anddthe doe regulations both require that the guaranteed loan shall not pther debt obligation" the or - bet a quarter that the doe lawyers have someekind of restructuring they have done and whatever they are considering doing doos not viooate these requirements. can't wait o hear it."eeanuel says "leading republicans conclude ittis much bigger than that. you haveeon cabinet level agency, treasury, saying another agency, energy, broke the law, and the taapayers are left on the hook.on capitol hill, mike emmnuel, fox news. right thing whhn she hit a cat - with her mini van... but things wwet from bad to worseewhen she put the cat in the ddshboard and got stuck!it took three hours for a mechanic to free the feline. the womannis noo considering adopting theecat. 3 3 3 3 3 sex in the sky. the person they were trying to impress......and why they won't be facing ann charges i feel really disgustee aboou it. 3 this bulletin board started...s the comments from ne ttacher... that may get her p3 >> male ann

treasury secretary tim geithner who's very close to wall street. and they were the ones who in two thousand and two actually showed the previous greek government how to hide their actual debt in order to get into the euro and have a bonanza in terms of your membership for greece and the greek economy. and they were the ones who pulled the plug on greece under the pump and came into office just at the time the dollar was under threat. the rating agencies downgraded the debt standard and poor's on the day that the european. union heads of state agreed to a print in principle to a greek bailout they downgraded greece three notches which is unprecedented for sovereign debt downgrade down to a level of junk and that meant that all pension funds around the world had to dump greek government sovereign debt immediately by you know by the rules and regulations and that triggered the crisis into a whole new dimension so just as the crisis was nearing a solution. the rating agency stepped in people who are conservative bankers who never think in terms of cons

the treasury gives a application to the primary supervisor. the primary supervisor looks at application. >> and the primary supervisor is -- >> the federal reserve or the fdic. they provide an assessment of the application to a committee of supervisors. we wanted to have checks and balances so that they were being too tough or too soft that there would be a second glance. about allow for a pretty careful review. were they had confirmation from their banks and they were able to reflect that in their process. i do not know where we could have appealed to someone besides me a judgment by the supervisor. i do not think he would want to be in a position where you would have to do with the judgment of an individual supervisor but a committee of their peers to make sure that they were not being too tough or too soft in evaluating the merits of an application. i agree with and share your frustration and if they apply to only one-third of the money and it took us this long to put these safeguards in, but once we started to get assessments, we moved ver

some treasury officials, mike, were also asked to testify. what do they say about the legal aspects of this? >> they said their veteran workers for the department of treasury have been there many years. they said they've never seen a government loan the way the department of energy handled solyndra, this $534 million loan for a green energy company. they also said they'd never seen the idea of putting private investors ahead of federal taxpayers. here's a sample of the exchange from earlier today. >> to your knowledge, do you believe today that the department of energy should have sought department of justice approval? >> yeah. i've said that i believe that they -- that it would have been wise for them to seek department of justice approval. >> so there you have it. a veteran department of treasury employee saying they should have gone to the lawyers over at the department of justice before they went ahead with this idea of putting private investors ahead of the taxpayers. trace? >> trace: mike emanuel live for us on capitol hill. mike, thank

the fence should be under the treasury that's a proposal but then a senate yes and which is part that's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that then if the senate says nationalize the fed put it under the treasury actively making it transparent within the government's ability to do so but is that a good idea oh absolutely i mean it's a it's whether we should have a fed is the secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection of it if he said to the fed look we're just going to put you into the treasury department you report to him geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many horrible things look if they say back to why that's not a good idea well i think the there jed i mind trick is we need an independent fed owned by the banks to make the correct policy for the elected government right but greenspan kind of blew that conce

we have the same leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fed should be under the treasury that's a proposal by dennis to senate yes and which is part it's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury effectively making it transparent within the government's ability to do so but is that a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you into the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many horr

we have the some leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fed should be under the treasury that's a proposal by dennis the senate yes and which is part it's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury effectively making it transparent within the government's ability to do so but it's not a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you into the treasury department a year report to them geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many ho

treasury market to rise that's the problem everyone in congress is effectively a day trader they've made positions against their own country they're hardly leveraged and insider trading for congressman by the way is legal a lot of people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes this. bankers fret yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well the use of the word rig is interesting you know a lot of these hedge fund managers are sailors out there in greenwich connecticut

we have the same leftist realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right the fed should be on the treasury that's a proposal by dennis to senate yes and which is part it's pretty much the exact idea of audit the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but it is not a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you on to the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many horrib

treasury department is still the largest shareholder in ai g. with this seventy seven percent stake in the insurance giant and reportedly is likely to put off its second sale of shares of the company because of an unfavorable market condition now meanwhile despite the market volatility american companies are beating wall street's profit estimates for the eleventh straight quarter meanwhile hiring of workers is expected to a slowdown this month in the u.s. as a jobs crisis continues we see outrage over this kind of disparity and the occupy wall street protests on behalf of the ninety nine percent today we'll hear from who's become kind of an ambassador for the one percent that's got to capital account. as i mentioned we see the first casualty of the eurozone debt crisis with the bankruptcy of an f. global and as a result we are starting today show with a reality check because there is a good lesson in that old adage here don't believe everything you hear. sometimes english people don't agree with you all the time for the most global we tell you w

we have the some leftist realizing that the fed has got to be brought under the treasury or and in from the right ron paul is like of all issues the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. fence should be under the treasury that's a proposal by tennessee senate yes and which is part it's pretty much the exact idea of audit the fed or what ron paul has been talking about what about this idea that then if the senate says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but it is not a good idea oh absolutely i mean it's a it's whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection of it if he said to the fed look we're just going to put you on to the treasury department you reports it's him geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many hor

treasury market to rise that's the problem everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as. ankara's fret yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well these are the we're grigg is interesting when a lot of these hedge fund managers are sailors out there in greenwich connecticut as well is

we have the same leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right the fed should be under the treasury that's a proposal by dennis kucinich yes and which is part that's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury effectively making it transparent within the government's ability to do so but it is not a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you on to the treasury department you report to him geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many horri

treasury market to rise that's a problem and everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as the. fred yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is the time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well the use of the word rigged is interesting you know a lot of these hedge fund managers are sailors out there and greenwich connecticut as

treasuries and then actively was trying to pass laws that would hurt the american economy but he passed laws where he was voting against raising the debt ceiling so that would cause his portfolio of a double short against america in the u.s. treasury market to rise that's the problem when everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal a lot of people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as the. anchor's fred yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of m

treasury market to rise that's the problem everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as. ankara's fret yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well the use of the word grigg is interesting when a lot of these hedge fund managers are sailors out there and greenwich connecticut as well is

treasury market to rise that's the problem everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as. anchor's fret yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well the use of the word grigg is interesting i mean a lot of these hedge fund managers are sailors out there in greenwich connecticut as well i

we have the same leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fed should be under the treasury that's a proposal by dennis kucinich yes and which is part it's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but is that a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you into the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many horri

treasury securities with $1.14 trillion. but it would strengthen our economic relation if china put more of those dollars to work in higher return investments that create jobs in the united states. of course, we'll need to maintain an environment open to investment from all countries. we need to make sure that the process for investing here is clear, open, and fair. when i was treasury secretary, we streamlined the process to ensure that the rules for investing here would be as clear and fair as possible. but five years have passed. so the administration should update its examples and guidelines for successful review, drawing on experience from the first few years of the new law. we should publish more and clearer illustrative examples of investments that passed or failed the new review process, hoping to demystify the process and further clarify how it works. and since china's state-owned enterprises want to invest here, weed in a process to divide principles. like the santiago principles. discussion of such principles is u

we have the some leftist realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fence should be under the treasury that's a proposal by dennis kucinich yes and which is part it's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that then it's just senate says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but is that a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objects of them and if he said to the fed look we're just going to put you into the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing to

idea of german taxpayers and french players and finnish taxpayers all paying into this centralized treasury of it every year will give money to the poor countries does not seem very likely and of course that's one of the points that soros makes that he had of laying out his plan is that there has to be the political will in order to do that but i mean if we were to break it down it piece by piece it might be unlikely but would that be a really good thing for the eurozone if they if they had one centralized treasury. i think it needs something like that to work i mean you could be envisioning a scenario in which the euro stays together and you just can't accuse trudging along growth it's very mediocre and they continue to have these problems where countries aren't very competitive but to actually envision the euro becoming a economic block with a single currency that actually grows robustly at any point in the future something radical along the lines of the sheer treasury seems like it's going to be necessary you know there have been rumors of course and i believe you and i was talking about

we have the same leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fence should be under the treasury that's a proposal by dennis to senate yes and which is part it's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but is that a good idea oh absolutely i mean it's so as to whether we should have a fed is the secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you on to the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many

other people at the treasury department and staff lawyers of the office of general counsel and treasury. >> when you get outside of treasury, clearly as you were dealing with the department of energy about the concerns expressed on february 10th and you actually cited a number of statutes that i am sure your legal counsel had given the statute to cite but he specifically cited some statutes and then went further to discuss your concerns that a subordination putting the taxpayers in the back of the line didn't even muster that's when you said you should consult the department of justice. islamic we were not making a judgment on what they were doing because we didn't really know what they were doing. >> you were hearing this from omb they may be supporting the taxpayer and then use cited some statute that said you can't do basically you don't have the legal authority that's why you need to consult the department of justice and i think in your e-mail reading from your february 10th e-mail unless other authorities exist, the statute rests with the doj and the authority to accept the comprom

we have the same leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right the fed should be under the treasury that's a proposal by dennis to senate yes and which is part it's pretty much the exact idea of audit the fed or what ron paul has been talking about what about this idea that dennis just said it says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but it is not a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you on to the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too m

treasury market to rise that's the problem everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next have imax wall street sees no exit from financial woes as. anchor's fret yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well the use of the word grigg is interesting when a lot of these hedge fund managers are sailors out there in greenwich connecticut as well is he

we have the some leftist realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fence should be under the treasury that's a proposal by dennis to senate yes and which is part it's pretty much the exact idea of audit the fed or what ron paul has been talking about what about this idea that dennis tenet says nationalize the fed put it under the treasury effectively making it transparent within the government's ability to do so but is that a good idea oh absolutely i mean it's so as to whether we should have a fed is the secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objects of them and if he said to the fed look we're just going to put you into the treasury department in your report to tim geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too many

current regime and so something like what george soros says you know kind of permanent centralized treasury transfers between the rich countries to the poor ones those kinds of things would probably be necessary of course the problem is not obvious at all that there is the political will to do anything like this. on paper the sort of plan sounds pretty intriguing but in reality the idea of german taxpayers and french taxpayers and finnish taxpayers all paying into this centralized treasury of it every year will give money to the poor countries does not seem very likely and of course that's one of the points that soros makes that the ad of laying out his plan is that there has to be the political will in order to do that but i mean if we were to break it down piece by piece it might be unlikely but would that be a really good thing for the eurozone if they if they had one centralized treasury. i think it needs something like that to work i mean you could envision a scenario in which the euro stays together and you just can't accuse trudging along growth it's very mediocre and they continue t

treasury market to rise that's a problem and everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal a lot of people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next have imax wall street sees no exit from financial woes as. ankara's fred yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is the time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble well the use of the word rig is interesting i mean a lot of these hedge fund managers are sailors out there in greenwich connecticu

we have the same leftists realizing that the fed has got to be brought under the treasury or and then from the right ron paul is like abolish the fed i mean either one is a move in the right direction so maybe we're getting some consensus right. the fence should be under the treasury that's a proposal by dennis to senate yes and which is part it's pretty much the exact idea of lot of the fed or what ron paul has been talking about what about this idea that dennis to senate says nationalize the fed put it under the treasury affectively making it transparent within the government's ability to do so but it is not a good idea oh absolutely i mean it's so as to whether we should have a fed is a secondary question but certainly if we have one then it should be under the treasury which is nominally under the elected government right so what would be the objection them and if he said to the fed look we're just going to put you on to the treasury department in your report to him geithner now ben bernanke and we're going to put a guy in tim geithner's office to make sure he knows not doing too

did not defer to my treasury department. >> thank you, not him. first of all, any time we talk about hezbollah fundraising, first thing important to flag is by far the most significant donor to hezbollah is iran. all other forms of countries powell and a very thin. that's not to say we should tackle all sources of fundraising, but it is chief financial of hezbollah and survives on iranian support. that said, as he pointed out and as hezbollah to raise financial support from the western hemisphere's phone from fundraisers and venezuela. and i think we need to take a broad approach to addressing a cute one of the most important things to do on a systemic level is a noted in the testimony's ensure all these countries have terrorist financing, regulatory regimes, law-enforcement something work closely with countries in the region on, pay merely through financial task force and regional affiliates of the task force. if important countries like argentina, for example, an act money-laundering laws. >> t. believe in these three countries, have they done e

treasury market to rise that's the problem everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as. ankara's fret yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of money they wanted i'm not sure people really have come to terms with the fact that what we had was a financial bubble whoa the use of the word rig is interesting when a lot of these hedge fund managers are sailors out there in greenwich connecticut as well is he