let s say citibank collapsed, the federal government wouldn t bail them out. under the law first of all, the law the federal reserve reviews to give money to aig, for example, we ve abolished that law, section 1503 of the federal reserve. if the federal officials think that the bank s debts are so voluminous, the bank is dissolved. the federal government may decide to pay some of the debts. by law, whatever it pays out has to be record by an assessment of the financial institution. it s exactly what hank pahlsson told us in 2008 he didn t have the authority to do. with lehman brothers or aig he had to pay none of the debts or all the debts.
operation enduring freedom. operation let s just tell the truth. we ll have the latest on the nuclear situation in japan. a lot of japan to get to. japan news. also, congressman barney frank will be on the set, republican senator john barrasso and senator robert menendez as well as al sharpton. is barnicle here somewhere? i walked into the studio and he was slumped over the desk. after the break, an exclusive first look at politico s top stories of the morning. just when you thought your bracket still had a chance. they have no chance. notre dame runs into big trouble in a late game. first, let s go to bill karins. seriously? seriously. just hide. dude! dude! we want spring. kill the groundhog.
this has been one of the most repressive regimes. if you look at the situation on the ground there, so many parallels to egypt. yes. and now even syria is starting to explode. and add yemen to that list. there s beenslaughter in the streets of yes, ma s of yemen. i m sure we ll be there. she ll have to write another book and talk about the killing in yemen. i m serious. let s talk about what this really is about. i don t like the veil of our troops are not being sent in. our troops are not on the ground. i think it s inevitable we will be on the ground in libya in some way, even if it s just intelligence and special operations forces th. that s good. that s good. that will be our third we re running out of names,
accepting the nobel peace prize in 2009, a controversial decision at the time. considering the united states was engaged in two wars. the libya offensive now puts u.s. armed conflicts with a muslim nation at three. we have andrea mitchell still with us in washington. and joining us now, we have the president of the national action network, reverend al sharpton. thanks very much, reverend al, for joining us. good morning. look at this comment that tavis smily posted on twitter. he said this is the problem with prematurely giving the nobel peace prize to a war president. let s pray for peace. i think that the issue back then was his strategy in afghanistan actually ramping up. the issue now libya. at the same time, what s he supposed to do? well, i think that if you listen to the clip of what the president said, when he was accepting the nobel prize, he said that you can t just call