Marcus Britton Meyer News Today

>> thank you, madam secretary. i want to thank you and president obama with the many efforts he had invested to bring this to this moment. my friend, senator mitchell, thank you for your consistent effort for you and your staffs efforts to bring a lasting and durable peace to our region. president, as i said yesterday in our meeting at the white house with the president of the united states, the president of egypt, the king of jordan, i see in you its partner for peace. together we can...

you. >> so you can stop it eventually. >> as long as they have collateral. >> the same is not true for lehman brothers. >> they did not have collateral in terms of financial assets. was tied into financial operations. they didnt have a separate business that provided additional value. >> last question briefly, what would be different now? with the new authorities of the fed how would it have played out if you had the authority you have now? >> remember bear stearns was acquired by j. p...

between derivatives transactions themselves and the infrastructure for trading clearing, settlement of those instruments. .. add to the transparency of the process. and the safety through margins and market to market. in your view, was the trading in -- of derivatives over-the- counter as opposed to exchange trip -- exchange trading in derivatives a problem that posed some risk because of the lack of transparency? because of the existing of counterparty risk in the over- the-counter ar...