took away the tick rule, the short sale rule to accommodate computer players so momentum begets momentum and short sellers can lay all over stocks and now they have tried to address this with a couple of band-aids and nothing is working. and they don t even talk about it and they don t want to talk about it. neil: you might have a future in this business, by the way? guest: you think? neil: thank you for your calming perspective, one of the legends on the street. he is an institution. as we are on the brink we will be all over tomorrow morning with our special on the brink, with ron paul and michele bachmann and moody s chief economist, the guy many have
authorities, we were able to cobble together enough to prevent the system from collapsing and avoid disaster. you know, you mentioned the president in the state of the union. he also said, we hate them like you hate a root ka nanl. and i said this to tim geithner, the treasury secretary. that means henry paulson, ben bernanke, were the dentists. how does that make you feel, the thing that everybody hates is the thing you had to do. let me tell you, i felt like i was having a root canal. without anesthesia. i was a dentist having a root canal without anesthesia at the same time. but there s a scene in the book my book, on the brink, and this was a day or two before we were going to need to step in and rescue citigroup. and what really hit me was that i was forever going to be associated with these bailouts and it would be the treasury
book on the brink. ironically from your i d logic perspective, you didn t think you were going to be the architect. christine, you said it better than i have. in the president s state of the union address captured the mood of the country when he said republicans hate these, democrats hate them, and let me tell you, i hated them. but they were much better than the alternative. and you know what? they worked because we needed working with imperfect tools and authorities, we were able to cobble together enough to prevent the system from collapsing and avoid disaster. you know, you mentioned the president in the state of the union. he said we hate them like you hate a root canal. i said this to tim guide never. i said that means henry paulson,
tim geithner, and ben bernanke are the dentists. let me tell you. i felt like i was having a root canal. without anesthesia. i was a dentist having a root canal without anesthesia at the same time. but there s a saying in the book on my book on the brink, and this was a day or two before we were going to need to step in and rescue citigroup. and what really hit me was that i was forever going to be associated with these bailouts, and it would be the secretary treasure that did all these interventions. i said that will be the good news. the bad news will be if we can t cobble something that works for citigroup and if it goes down i ll be the secretary treasurer that pre sides over night great recession. back with david gergen and
and reduce the risk of prostate surgery. only your health care provider can tell if your symptoms. are from bph and not a more serious condition. like prostate cancer. do not donate blood until 6 months after stopping avodart. tell your doctor if you have liver disease. rarely sexual side effects, swelling or tenderness. of the breasts can occur. avodart is for men only. women should not take or handle avodart. due to risk of a specific birth defect. today s the day to talk to your doctor. about your urinary symptoms and find out. if avodart is right for you. treasury henry paulson, guess why governor sarah palin rubbed him the wrong way when they talked. you get that inside story right now because moments ago, secretary paulson went on the record. he takes you on the front lines of the financial crisis and talks about his brand-new book, on the brink. when the president called and said, will you be the next