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CSPAN Key Capitol Hill Hearings May 4, 2015

Forgive me for turning this into a lightning round. But general clark we talked , about systemic financial risk. I wish we had five minutes to devote to this. Were basically out of time, but you talked about a book you wrote that discuss this and maybe you can give us the kind of elevator version of it. Gen. Clark dont wait for the next war. We create an awful lot of debt in the Financial System and we havent addresses the systemic issue. Still hundreds of trillions of dollars of derivatives based on Interest Rate and if you ask the inside banking crowd, when are we going really raise Interest Rates . When are we going to get away from quantitative easing . The answer is never. And its only a matter of time before some smart young Hedge Fund Guy says, you know what . This debt is not sustainable and will spread like wildfire through the Financial Community and well be back in some trouble again. We have to take our Financial Resources and invest in real projects. We need petrochemical

CSPAN Key Capitol Hill Hearings May 5, 2015

Cards these are just basic problems with designing an h. R. System. Im happy that our military out there and the pentagon are finally addressing this problem and weve identified for years. Host how are they addressing it . Guest they are bringing in experts from the pentagon than i briefed my staff that designed personnel systems and designed systems to protect our money. This is our money going directly to the afghans. We also are conditioning and im very happy that general campbell and others who are working on this are conditioning money going to the afghans based upon them actually following our lead and following our requirements. This is something we have talked about. I have been hardshipping on that for three years. The g. A. O. And others have, too. But we finally got a team out there who is taking it very seriously. And we have a willing partner on the Afghan Government who wants to fix the problem. Guest he has been sworn in for special Inspector General. More than 30 years

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