Boomers retire end this inefficient system that privileges waste and playoffs is going to become more expensive. I often said if you start from the premise of thinking Financial Regulation is about stability or safety and soundness. One of the things that struck me, a commonality and insurance, it was all kind of hidden, it works on issues a lot. Really out rage you about what is on budget, it seems to be contingent liabilities, what let me ask you, it is it the corruption is worse when theres an element of budgetary secrecy . I would say so. I would say there is and the extent to which they are hidden is extraordinary. It seems like i remember when everybody kept telling me things like money failed, but these are going to be great profit but i am sure it is true. In the case of fannie and freddie one of the problems was they werent keeping on his books. Tom cox is the new senator from arkansas. The vote, he was the only member of the arkansas delegation, a very in the cycle guy, a reu
More. Rose dan pfeiffer for the hour next. Fundee for charlie rose is provided by the following rose funding for charlie rose has been provided by rose additional funding provided by and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose dan pfeiffer was Senior Advisor to the president until his resignation became effective last week. Before that he served as the president S Communications director. Former deputy chief of staff operations called his depar ture the end of an era. He is the last of a select group which stayed with the president from the beginning of the campaign for the white house. Announcing his resignation president o billiona said hes been smart steady tireless and true to the values we started with. He is a good man and a friend and im going to miss having him just down the hall from me. Early this week i talked to dan pfeiffer about
We actually went to a little Catholic School for 2. 5 years. And his father got another job working for union oil. Was africa after that . It was very controversial. There are people that were very upset. Obama won in a landslide. But everywhere in the world, there is some controversy about any politician. So there are some questions about it. But not everyone understands. What was his lifelike in jakarta . Guest he is perfectly immersed. Imagine a sixyearold child being immersed in the culture. Sort of a lower middle class action. The exotic smells of jakarta. His father riding a motorbike to his job. His mother was there as well. That was his wife, life, he adapted. He had to adapt. But he did the best he could. Host why did he leave jakarta in 1971 . Guest his mother couldnt afford to send them there. Those 3. 5 years, he is in indonesia, immersed in the language. The mother is waking up at 4 00 a. M. To teach him with english schoolbooks to supplement his learning. It is very diffi
I shall be cooking dishes for michelle obama. We will get to that after the devotional. Thank you all for being here. Its wonderful to see so many friends old and new. Its like a Family Reunion a little bit in here so thank you so much and im excited to share this book with you but i wanted knowledge my wonderful wife michelle. [applause] we have been married for precisely 82 days now so you see the glow on my face. Anyhow thank you all so much for being here. When i first started working for barack obama had no idea whos going to be sending him at devotional every morning and become his spiritual advisor. I was a young kid from nashville teen in tennessee a preachers kid working on the 2008 campaign. I didnt know him all that well so i did outreach around the country in so many others including many folks in this room that i see. Just privately and alone i would pray for that young senator that he would wake up every day and have a perfect join his student student a i just felt this n
End by october. Was that the reason for the selloff . We dont know. Were going to talk about that. Nasdaq the biggest laggard by for because of the rout among the biotech stocks. Gilead sciences getting aot congress wanting to know about the pricing of one of their drugs. That sent investors scurrying out of biotech drugs. Steve liesman will join us shortly. An hour from now the president host egg tech bosses at the white house. This amid growing concerns about government surveillance. Among the ceos expected is Mark Zuckerberg. Well take you live to the white house and well speak to knows in attendance. And more developments in teslas fight to sell cars directly to consumers. Arizona, its one of the three states out there that currently outlaws selling cars without using a dealer, a middle man. But one state congressman in arizona is defying the car dealer lobby and pushing a bill to reverse that ban. That lawmaker will join us exclusively coming up on the closing bell. Perhaps arizon