Page 178 - Chris Dodd News Today

winning author and new york times columnist gretchen morgenson discusses her latest book, titled "reckless endangerment." >> gretchen morgenson, in your book "reckless endangerment," next to the picture of james johnson you write of " a calculated political operative, johnson was the architect of the public-private home ownership dropped almost destroyed the economy in 2008." why so much on his shoulders? >> we have to go back in time. a crisis this large is not happen overnight. if yo...

>> gretchen morgenson, in your book "reckless endangerment," next to the picture of james johnson you write of " a calculated political operative, johnson was the architect of the public-private home ownership dropped almost destroyed the economy in 2008." why so much on his shoulders? >> we have to go back in time. a crisis this large is not happen overnight. if you really want to understand what happens, to create this mortgage bubble and the ensuing crisis, you have to go back to th...

public-private home ownership dropped almost destroyed the economy in 2008." why so much on his shoulders? >> we have to go back in time. a crisis this large is not happen overnight. if you really want to understand what happens, to create this mortgage bubble and the ensuing crisis, you have to go back to the early 1990s, when fannie mae and freddie mac were under pressure from congress because of prices. congress was concerned that maybe there were losses sitting in these mortgage pr...

im david gregory and this is "press pass" aur all-access pass. im joined by mark shriver, with a personal look at growing up in one of the countrys most famous political family. out with a new book "a good man." a biography of his beloved father, sargeant shriver. so much to talk about about your fathers imprint on the country, whether its the peace corps or his time in politics. i was honored to be asked to his funeral and pay respects to him and to be there at such a moving, spiritua...

instead of asking if a deal is appropriate for everyone involved and do in the gut check of wondering whether you would cringe -- and doing the gut check of wondering whether you would cringe if the details were laid out on the front page of the paper, they seem to view their ideas more narrowly. if you can argue it is profitable and not illegal, go for it. who cares if it is immoral or wrong or hurt people. i have an old new yorker cartoon that sums this up. in it are a group of execu...

tax and spending cuts. whoever is the next president, will they have to adopt something like that next year to solve this problem? >> i think so. that would be the wisest course politically. the problem is when you look at samson-bowles -- simspon-bowls, which came out with the same basic approach. you have to look at the long term. you have to look at social security. and on tax reform to, you have to broaden the base and lower the rates. that was the key and our commission to getting...

if theres a smaller available supply securities theyre willing to pay a higher price for securities, which is the inverse of the yield. so again, by purchasing securities can i bring it on the balance sheet, reducing available supply of treasuries, we affect the lowered the interest rate on longer-term treasuries and on gse securities as well. moreover, to the extent that the best no longer having available a treasuries and gse securities to hold an portfolios, the extent that they are...

Not negligencely -- >> kimberly: but now. >> bob: its very hard. >> eric: he has one more addiction you also have. you both have. >> bob: what is that? >> eric: liberalism. thank you. why do we hold people like steve jobs and mark zuckerberg and the guy from google, eric schmidt, why do we hold them on the pedestal yet bankers are evil and bad guys? >> greg: ideological. it is. if you are, its republican bad, and you know, the cool buys good. that is where it comes from. there is politics of env...

900 million people on facebook. >> greg: he makes something that everybody uses. he makes toilet paper for the ego. imagine if you own the right to toilet paper, youd be worth trillion dollars. it makes sense, so many people use it. look at accruing wealth the way you look at professional sports. we put great athletes on a pedestal. but we dont with people in business. hes professional athlete in business. he performed great feat. we should put them up on pedestal, not denigrate them f...

billion people use facebook. half a billion people. [ applause ] >> we have the widest and deepest capital in the world. >> no offense, i dont play well the others. >> who are you? >> billionaire playboy philanthropist. >> start us off with zuckerberg. $16 million. more power to you. 900 million people on facebook. >> greg: he makes something that everybody uses. he makes toilet paper for the ego. imagine if you own the right to toilet paper, youd be worth trillion dollars. it makes se...