rose: welcome to the program. we begin this evening with a conversation with aaron david miller and steven cook about president obama s trip to israel. if you re going to reach a peace agreement with the israelis, part of their job description of an american mediator is not only to apply honey but to apply vinegar as well. it s part of the job description. but you ve got to pick your fights and the reality with obama is that he went after netanyahu on absolutety wrong issue. he demanded a comprehensive freeze, then the president backs down alienating both the israelis and the palestinians and the arabs. rose: we conclude with hank greenberg and the a.i.g. story and why he is suing the government on behalf of the stockholders after the government bailed out a.i.g. and paid back the money with interest. the fact had to come out what really happened. the so-called accounting scandal turned out toe virally nothing. the corporate governance of the united states changed af
republican secretaries state. here in new york, steven cook of the council on foreign relations. i m pleased to have both of them back on this program. let me begin with you steven what s the hope of this trip? well, the hope is at least officially for the president to reset his relationship with the israeli leader and the israeli people. as you pointed out. there s been some difficulty in the relationship between the leaders. there s been rhetoric the way in which the president has approached the u.s. relationship with israel. of course beyond this rhetoric israeli leaders from the israeli ambassador to the united states to the now former minister of the defense ahead barack said this president and this administration has done more to insure israel s qualitative military edge, intel cooperation has strengthened. there s been a lot of good cooperation meeting the iranian challenge but on that public level there has been difficulty obviously there s syria, iran, and the whit
republican secretaries state. here in new york, steven cook of the council on foreign relations. i m pleased to have both of them back on this program. let me begin with you steven what s the hope of this trip? well, the hope is at least officially for the president to reset his relationship with the israeli leader and the israeli people. as you pointed out. there s been some difficulty in the relationship between the leaders. there s been rhetoric the way in which the president has approached the u.s. relationship with israel. of course beyond this rhetoric israeli leaders from the israeli ambassador to the united states to the now former minister of the defense ahead barack said this president and this administration has done more to insure israel s qualitative military edge, intel cooperation has strengthened. there s been a lot of good cooperation meeting the iranian challenge but on that public level there has been difficulty obviously there s syria, iran, and the whit
manage our reform takes risks. or tell them this is a better judgment and must has a negative externalities . and you are trying to contain the negative effects that the firm will have on others. that is what the dodd frank tries to do. to take the example of too big to fail, and going back to the question you posed, does the legislation provide the framework or you can deal with the situation like that? it does. the entire logic of that title to the of the resolution provisions, it is as follows, if there is a firm whose insolvency is going to have consequences for the financial stability of the united states the federal reserve, the secretary of the treasury, and the president, so, it is a very collaborative accountable process. and it has an entire mechanism allowing for a variety of different approaches to the firm. using both liquidity measures and other measures. to try to contain the problem. so it does not have the collateral effects that we saw in the example of
did not gain any benefits. reporter: the ethics committee has a different view. she does concede she personally called treasury secretary hank paul son but said it was to insist on a meeting with minority bankers. the ethics committee charges when the meeting was held the officers of only one bank came, one united the one in which her family had an interest and $350,000 in stock. that of course is not the way miss waters remembers that. here you go listen. the question at this point should not be why i called secretary paul son, but why i had to. the question at this point should be why a trade association representing over one hundred minority banks could not get a meeting at the height of the crisis. reporter: according to the ethics committee only the members of that bank came and one united s officers sought $50 million in aid for their bank at that meeting. they eventually received $12 million which the ethics committee kept the waters family