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Host is great to see you tonight. We have got a lot to talk about today and not much time to do so so lets get right into it. You have a wonderful new book out called fracture. Congratulations to you. I read it over the weekend and is just a fantastic read, a wonderful read. I think its a mustread for anybody who loves history and politics who cares about Race Relations in america and maybe who just wants to know who the next president is going to be. Tell us what caused you to write it and what motivated you and what did you hope to accomplish . Guest first of all thanks for having me. I appr...

Taking what bush did host a blueprint. Guest so, i think there is a lot of things they can do. For candidates, transition operation is something you want on the side. Host separate. Guest they need to coordinate time to time like clay johnson, for example, dealt with karl rove and karen hughes to say well, i will meet you to tell you what im doing. Because you dont want conflicts between those because the worst is when political people think here they are working hard for nothing, eating big macs and the dollar menu. The transition people have got all the lists of the positions and they will a...

Not to vote for state senator, theyre making the state laws, do not skip state and local elections and do not skip midterms, thats one of the way it is powerful have been able to override the majority in the country. So we have a higher stop at 12 50 but thank you for coming. [applause] thanks again to our panel and thanks again everybody if you are coming, we need you to exit the room and come back in. Im sorry but we do have to empty the room before the next panel. Thank you. [inaudible conversations] this coverage continues now with an author panel on the middle class. Hi, everyone, im goin...

Are importing co. Importing companies but why dont you start by telling us a little bit about why you wrote the book and why they are so important to the populace. Guest i started covering it in 2004 in the wake of this accounting scandals each company had a big scandal and at the time i was shocked to find out that Companies Like this existed. What is the governmentsponsored enterprise and what the governmentsponsored enterprise did was created in the wake of the depression by roosevelt in order to help the Home Ownership and the idea was if you have this institution that could buy up the loa...

System that it will go bad for the same reason it went bad before. The companies will develop clout, they will push the right galatians and weakening of their oversight and slowly but surely we will end up right back where we were before. I think thats a risk. Its right there. Im just not sure i can come up with anything better. Theres risk of having a big bank be that major source of financing for american mortgage. Theres a risk without without having the government in the Mortgage Market at all that it would be such a radical shock to our economy and that is a fragile economy right now. Peo...