Page 23 - Chris Dodd News Today

Airlines, what have you. Theres two things that happen. Once a commission interests itself in a particular area, puts a sign out that says open for business, which is basically what we did when we did the open Internet Order, right . What happens . Firms realize, oh, i dont get to make money looking at customers and making investments, i make money by going to the regulators and getting them to favor me and disfavor others. The phrase economists use for this is rent seeking. And thats what it do...

To come in and the authority to say, we didnt have when lehman went down, to come in and guarantee liabilities or inject capital as part of an orderly resolution process. It doesnt tell you how long the orderly resolution process should last. And i i dont believe the public would be as angry if the crisis if the economy hadnt turned way down and if they werent suffering. They wouldnt be as angry if banks were propped up, failed banks in their current form. Which is what david got in to with the ...

That the leadership of china at the time. We have someone who really does get this, understand and has dedicated a good part of his public life to it. For those reasons we are deeply honored that he is here with us today. I point out to people that both of us plus the senate roughly the same time. One of us got involved in the enterprise is where cost overruns outrageous personal behaviors are precise egos. I in turn went to hollywood. [laughter] would you give a warm welcome to the president of...

But the marriage is obviously going very well indeed. Spina bifida roast, in 1997. What did you see in that clip you may comment on . Nothing. It is Andrea Mitchell who was a terrific journalist. You cannot emphasize that enough. It looked just seeing that right now it looked like a friendly washington event. Jokes are told. Looks like a lot of comedy. Anything wrong with that . No, not really. I think the reference he was making was to Andrea Mitchell and Alan Greenspans wedding that had been h...

History. Here are a couple of important things. Most of it seems to be about the tariff. The 16th amendment came into being. There was the oil decision in 1911 and more states admitted to the union. Tafts role, how long was stroke . That she had a 15 may 15 they went on a cruise, and they said, there is something wrong with ms. Taft. Realized she had a seizure. President ,ked at the seeing hisuch pain wife have a seizure. She had some temporary , and it came back shekly that was her voice. Lost ...

Cspan, created by americas Cable Companies 35 years ago and brought to you as a Public Service by your local cable or satellite provider. . L wt cspans newest book, sundays at eight a collection of interviews with some of the nations top storytellers. Half of the reason i did this book is martha because when she arrived in berlin with the family, she was in love with what she referred to as the nazi revolution. She was enthralled by the nazis which really struck me as a completely surprising th...

Do it, but i think well get our arms around it and it will work, but we cant rely on regulation alone and thats why you need moral hazard and no institution can be too big to fail. Thats why its just essential that we end too big to fail. I think weve gone a long way to doing that. I think the biggest way to do it is making sure the biggest, most systemically important institutions have significant capital charges and that the regulators have the tools to make sure we dont prop them up in the cu...

To me than to try to have all of you be part of it. Esther davis, i appreciate you showing the way. Thank you. We will now recognize the gentlelady from the district of columbia. Chairman, i must say i welcome this hearing on innovation and the Postal Service and particularly welcome private businesses who worked with the Postal Service. Wondered about the identity of the perpetual identity crisis we keep the Postal Service in. It is a little bit private or maybe mostly private chain to the fede...

Or lack thereof, do you think the people who were responsible for these decisions that led to this crisis have been held accountable . Wow. I know that is a question on the publics mind. I will Say Something that may not resonate with a lot of public. If you except my explanation of the crisis, the excesses have been building for years, that a giant credit bubble burst, that a definition of a bubble is something that the market never fully understands until it burst, and my explanation that ever...

Consolation. Bless as well the men and women who serve our nation this day in our armed forces. May they and their families be assured of our deep gratitude for their service. O god, you have blessed every person with the full measure of your grace and given us the bounty of your spirit, lead us this day in the ways of peace. We pray for peace in our hearts , that we will be freed from selfishness or envy, that we will replace any enmity with goodwill and hatred with charity so we might lead liv...