Laura garcia. It is going to get hot again. We can enjoy the weekend with the cooler weather next week as we head back to work and maybe have airconditioning at work. You will feel hotter temperatures once again. Heres a look at the way we start out in san jose. If youre on your way out the door, low 60s. It will be a cloudy and our temperatures stay mild. Upper 70s in the south bay. Low 80s for warmer spots inland. In San Francisco, staying in the 60s. Well talk about what else is going on coming up. Mike, youre tracking the concern for the pay bridge commute. I am. Looking at the bay bridge. Backup in the toll plaza. Phraoerting lights turned on at 5 30 or just after that. Fastrak lanes are providing some benefit over the cash lanes. H. O. V. There we go. We have some computers in carpool. Thats what you need to get out of the backup. Thats the only place with the backup. I am concerned about this just off the bay bridge. As you approach the harrison exit, we see a little bit of slow
President ial hopefuls are here, to prove they have what it takes to defeat the president. Mayor Pete Buttigieg says the party needs new ideas. But he wins if we look like defenders of the system. He wins if we look like more of the same. Reporter others like Kristen Gillibrand took it further. Our president is a coward. Reporter senator Kamala Harris energized democrats with this. We need to begin impeachment proceedings, and we need a new commander in chief. And we will make everyone who runs for federal office post their tax returns online. Reporter political analysts say it is still unclear which democrat will rise above the rest. While conventional wisdom might dictate that Kamala Harris sort is of in the lead here, as a hometown representative. The field seems pretty wide open. And i think awful candidates here are really making all of the candidates here are really making an appeal to the base to swing the primary. We are in the middle of the nba finals and candidate Eric Swalwe
Its got to be much more subtle than that. It got to be about helping each side see where there might be limited areas where they could work together. Im not the great believer in the grand bargain. Now sit down and have a discussion about every in. It is unlikely to be good but they will be some areas where people have quite significant differences and nonetheless have it limited junior level of communication which delivers from a practical benefit to both sides. We will obviously return in some detail of course and the next session. The secretary has made it very clear [inaudible] there is a general concern that we seem to lack a strategy on the full spectrum response with their business is taking them on when it comes to do social media before we even get into iraq with the iraq ema to make significant programs and indeed perhaps a more direct relationship with the kurds in trying to combat. The putting all that aside can you tell us what you would hope to achieve from participation
Can be accomplished [ inaudible ]. Why dont you go ahead and take it. So let me first say, i think you touch upon an important observation about too big to fail which so much relies on the discretionary decisions of government and government decision makers, whether it is the d. O. J. Or the s. E. C. There is nothing about too big to fail economists. It is by political decisions and of course when eric holder goes before congress and said that somebody is too big to jail, that reinforces that perception. And on the data point, so again i would start with data can be suggestive as best and during the crisis we saw suggestive data that the funding advantage for the largest institutions had expanded and yes that has contracted but in my opinion you would expect that to contract post crisis. I think you could compare the funding cost today versus precrisis over time. People forget before the crisis, say in 2006, the largest banks paid more to borrow than the smallest banks. It was complete
Or can we fix it . And if so how in particular . Youre about to hear how from our expert panel. Let me introduce them in the order in which theyll speak, as we proceed through the panel well be working our way through the various titles of dodd frank frank. First will be my colleague peter wallacen. He co directs aeis program on financial studies, was co chair of the pew Financial Task force and served on the Financial Crisis Inquiry Commission where he wrote a very enlightening and highly controversial dissent. Previously peter was White House Council to president reagan. General council of the treasury department. Financial crisis was spawned by the financial crisis spawned dodd frank, do you understand what spawned the financial crisis . Buy peters book hidden in plain sight in case you havent yet. Our second speaker senior director of Global Government Affairs strategy and Public Policy of bloomberg, where he covers policy issues in europe, asia and the u. S. Equity, fixed income,