[applause] [inaudible conversations] Timothy Geithner talks about dealing with the 2007 2008 financial crisis as president of the Federal Reserve bank of new york and later as president obamas treasury secretary. This is about an hour. [applause] i had a Pretty Simple question to start. Why did he write a book . Andrew sullivan said in the book as much as you hate to explain you very much want to be understood. Is that true . Why did i write the book . Good question. I never thought i would. I have a hard time sitting still and it takes a fair amount of patience to do it. I wanted to give people a sense of what it was like to have a chance to look at these choices we faced through our eyes. They were pretty bad choices. I think its still hard for people to understand why this was necessary, why it was sensible. And i thought that was worth a shot and i wanted to give our successors because you know we are going to face financial crises in the future, very devastating. I wanted to give
Not been completely accurate, especially in terms of what we and i did. I thought i would give them our perspective. Currently, for people to understand there were different policies, a different policy options, disagreements. If we want to prevent this crisis from happening again, i felt the public itself needed to engage more on financial reform to take an interest in it, educate themselves better for it i try hard to make the book the festival. I have policy recommendations. Where did it all start for you. . Where is your birth town . Kansas. There is a symmetry with my personality. When did you know you would be an independent person . I think i have always been. I grew up in southeast kansas. Independence is a small town. People always had to be a bit scrappy. The roads have improved a little bit since i have moved away. It is somewhat reflective of where i grew up. My parents were depressionera kids. They were very poor. They had a lot of strength. It is probably a personality tr
This week on q a, sheila bair discusses her book, titled, bull by the horns fighting to save main street from wall street and wall street from itself. Sheila bair, former federal Deposit Insurance Corporation chairman, why did you write a book . It is an important time in history. There had been others who had not been completely accurate, especially in terms of what we and i did. I thought i would give them our perspective. Currently, for people to understand there were different policies, a different policy options, disagreements. If we want to prevent this crisis from happening again, i felt the public itself needed to engage more on financial reform to take an interest in it, educate themselves better for it i try hard to make the book the festival. I have policy recommendations. Where did it all start for you . Where is your birth town . Kansas. There is a symmetry with my personality. When did you know you would be an independent person . I think i have always been. I grew up in
Especially in terms of what we and i did. I thought i would give them our perspective. Currently, for people to understand there were different policies, a different policy options, disagreements. If we want to prevent this crisis from happening again, i felt the public itself needed to engage more on financial reform to take an interest in it, educate themselves better for it i try hard to make the book the festival. I have policy recommendations. Where did it all start for you . Where is your birth town . Kansas. There is a symmetry with my personality. When did you know you would be an independent person . I think i have always been. I grew up in southeast kansas. Independence is a small town. People always had to be a bit scrappy. The roads have improved a little bit since i have moved away. It is somewhat reflective of where i grew up. My parents were depressionera kids. They were very poor. They had a lot of strength. It is probably a personality trait i have had throughout my li
And it is compelling. So, i also want to underscore that while investigators are gathering additional evidence on the ground, our understanding of what has already happened in syria is grounded in facts, informed by conscience and guided by common sense. Uncertainty about the possible military action against the Syrian Government is helping lift Oil Prices Near a fivemonth high. And also, some new numbers on the massive california rim wildfire that continues to burn out of control. Crews now have 20 of the fire contained. Thats the good news. But its still fanning out across the mountains in multiple directions, and the forecast calls for strong winds over the next couple of days, so that has some people anxious as well. In the meantime, im going to send it over to kayla with corporate headlines. Kayla . Hey, andrew, its a big morning for earnings, a lot of company news. Bill ackman has sold his stake in jcpenney after his campaign to overhaul the retailer failed. He sold approximately