Page 20 - Patrick Cunningham News Today

move that could cripple irans economy but consumers in the united states could pay a big price if this goes forward. we have full team coverage with leland vitter in the middle east but first, we start with stu varney on the economic war that is breaking out, and the tensions are rising between europe and iran when it comes to irans oil exports. that has a direct effect on us. explain stu. >> this battle at the moment is being fought at the financial level, rapid fire developments and ...

at 6:00 p.m. eastern here on c-span. >> about 2020 the least half of all energy that may be used as both afloat and assure will come from nonfoose ilfuel sources. >> the first to use nuclear power for transportation, navy secretary ray mabus on the reasons for a new energy standard for the fleet. >> we are too dependent on eith pour tensionly or actually volatile places on earth to get our energy. were you is september to be supply shocks and even if weve got enough were susceptible to...

Soon we will go through the contempt procedure, which we dont like doing, but we obviously do feel that with the i. g. seeing 80,000 documents and us seeing 6,000 documents, almost half of which have nothing to do directly with fast and furious as an operation, that we feel we are not getting the level of cooperation we should get. >> why not -- why not is each one before congress and forget the documents, put everyone under oath and say did you do it and keep going up the chain of command and y...

Soon we will go through the contempt procedure, which we dont like doing, but we obviously do feel that with the i. g. seeing 80,000 documents and us seeing 6,000 documents, almost half of which have nothing to do directly with fast and furious as an operation, that we feel we are not getting the level of cooperation we should get. >> why not -- why not is each one before congress and forget the documents, put everyone under oath and say did you do it and keep going up the chain of command and y...

thought his excuse was far-fetched. why are you in his corner now? >> well, he called me right after that, actually right after i spoke to you. we had a little talk. and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. im not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didnt want to do it with you. >> for one thing ...

far-fetched. why are you in his corner now? >> well, he called me right after that, actually right after i spoke to you. we had a little talk. and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. im not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didnt want to do it with you. >> for one thing i dont think so at all ...

and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. im not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didnt want to do it with you. >> for one thing i dont think so at all because we were very friendly and continue to be. for one thing he was leading and he figured why should i jeopardize a possible lead, and i ca...

and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. im not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didnt want to do it with you. >> for one thing i dont think so at all because we were very friendly and continue to be. for one thing he was leading and he figured why should i jeopardize a possible lead, and i ca...

>> mr. parmalee, you stated that the 10-k was the first time you learned of the off-balance-sheet come is that a correct statement? >> yes, sir. we did not have advanced notice. >> did you know about the off-balance itms? >> i learned about the off-balance sheet i.t. ends later on. the team was aware. i didnt learn about those until probably the october time frame. >> mr. cantor, did your company nobody off the balance sheets ar...

collateral. i think this is a better way to do it. >> we have established, you have the ability to lend directly to domestic subsidiaries. you told my colleague in december you had needed the attention with the authority to bailout european banks. do you still stand by that? >> in that conversation, i was asked and i said, we have done the swaps. they had been done before the conversation. the question was, were we going to do additional things? were we going to make loans to the imf? ...