process that we expect to be effect i, yet to involve minimal burden for the vast majority of banks. this committee s efforts in developing and passing hh-4173 will promote the uniform application of sound principles across large financial firms as well as those supervised by the federal reserve. in this way, hr 7141 could aid them in developing compensation practices that are more effectively balanced. we appreciate the committee s efforts in this area and thank you for the opportunity to testify on this important topic. i would be happy to answer any questions. . gm, gmac, chrysler, chrysler financial, and a.i.g.. if one of those exceptional assistance recipients has repaid all of what they owe the tax payer, they re automatically removed from my jurisdiction. as a result, bank of america and citigroup arnold subject to my 2010 compensation determinations. it is but statute, a very limited role. i am also responsible under the statute for those five companies for determini
we ve got to go. erin, you re back at 2:00 on street signs . i m back monday morning at 9:00. the call is next. i ll see you monday, too, mark. welcome to the call in for melissa francis and trish regan. stocks high or strong retail sales and we ll discuss what it means for the economy as well as your stock investments. big day on the day. i m larry kudlow, and we ll continue our exclusive coverage of our national wealth in america survey. steve liesman looks at the upcoming holiday shopping season. who s buying and who s not? kent feinberg to set executive payrolls for t.a.r.p. recipients. we ll have it for you as soon as it is released. this is the call on cnbc. larry is absolutely reveling today because we had a whole bunch of positive economic data helping to push stocks higher at the moment. november retail sales rising a better than expected-1.3% in the month of november, strength in building material and garden supply and clothing not so hot, but we
my crystal ball, i see, i see, i see mark ingraham winning the heisman tomorrow night. he s so, with that hip injury. and i look into my crystal ball and i see our great producer, alex coursin, getting married tomorrow. if it s way too early, what time is it? it s morning joe. alex witt taking it away. we re adding another to the list. a lingerie model becomes the latest to claim she shared a bed with tiger woods. the more we drank, the more, i guess, flirtatious we got. so it just, it kind of led from friendly conversations in a nightclub back into his hotel. more of her exclusive comments on the today show straight ahead. and new tawdry text messages from yet another alleged mistress. having trouble keeping track? and the golf star s efforts to keep nude photos off the internet. bitter blast, subzero temperatures adding insult to injury throughout much of the country this morning. and for some areas, even more snow is on the way. we re live with that.
well, here it is, eight, nine months later we spent a great deal of the stimulus money, and instead of creating 3.5 million new jobs, we have lost three million jobs. that s a 6 1/2 million job swing. yesterday dr. christina roemer, the chairman of the president s council of economic advisors, said that the economic stimulus package, $1 trillion, remember we are $1.4 trillion in the hole this year, but the stimulus package of $1 trillion wasn t going to work anymore for the next several months and we should expect the economy to continue to drift downward with unemployment reaching 10%. . the reason i bring this up, 49 of 50 states have lost jobs while we try to create jobs. we re throwing money at this situation as rapidly as possible. the innovate is the government is getting its nose into every aspect of our economy, moving to a socialist type of economy and the economy continues to drift downward. why is that? because we re take manager and more money and spending it th