go? you know, kiran, he always agreed of going to harvard since he was a little boy. he did apply, but sadly, he was not accepted. i asked kenneth, are you zmrounted with that. he said, no, i m still proud of myself because i m the first person in my family to go to college. we also talk about why he had not gotten in. he said that s because he was competing against kids who were 4.2 gpas, although he was an honor student, he really didn t become an honor student until his junior and senior year. his freshman and sophomore year he was more of a c student. that s because he was in foster care and his life really didn t stabilize until he got to the shelter in ask skid row. ironically, that s where he actually started to become a great student. and he says he hasn t given up his dream to go to harvard. that s the problem with the gpa grading system. it tracks kids for four years and doesn t track the changes.
that s supposed to protect us. right. to cover the question, they say mr. president, don t kill the golden goose. why is this so much concern if this is regulated or if some of these measures are in place that it will hurt wall street? well, one thing, even mayor bloomberg has said he s worried about going too far on this stuff because you don t want to kill the growth. the financials have been a big driver of the global economy. but they ve also been a big driver of the almost demise of the global economy right? right. so there have to be better rules of road, according to the obama administration. and they seem to have their wind to their back right now. republicans have come out and said, we re not going to support this. but on this too big to fail thing, chris dodd says, yes, it s too big to fail. robert rice says no it doesn t. elliott spitz, no, it doesn t. who s right? i don t know who s right.
what we re talking about is, derivatives in this light really don t have any social utility. in other words, there s no usefulness in our society in the capital structure. they really are just bets as opposed to, let s say, you re buying oil futures because you re in airline and you need to hedge your exposure to rises or falls in the price of gas, right? so that s different. the concern i have about this bill is it still does not deal with this too big to fail notion. what they ve done is say, okay, you know what too big to fail is? it s where we are right now. that doesn t seem reasonable. these companies sorry big and so interconnected even if we see what they re doing on variation exchanges, it doesn t mean we can t have a bubble. even though we re finding some way to wind them down, why are you letting them get so big in the first place? and i fear that s something that will plague the system. you feel the too big to fail asset doesn t go that far, jill? absolutely. in my fear
make it to a lifeboat. have any of the people who came back safely are are reunited with their families, do any of them know whether they may have made it to the lifeboat? i ve been canning the coast guard if they ve been able to account for all the lifeboats and everything on that rig. they say they don t have that answer yet. when they re out there searching, they re searching not only for life rafts, but they re searching for individuals that might be in the water. and they keep saying that probability still exists, and they re going to keep that search going as long as that probability is out there. what about the blowout. that s what they re calling is the cause of this. what is that? that s when you have oil and gas under pressure underground that erupts upward. this doesn t happen very often, especially at this magnitude of these operation. these operations have equipment that are supposed to prevent explosions above the ground in this event. apparently, if this is the cas
make tequila may also have surprising health benefits. mexican researchers say the ingredient from the agave plant was effective in testing diabetes and from rats, they say drinking tequila doesn t give you the same benefits. there s always a but. it it made me feel better, for a minute. and then an hour later a hangover. if you ve got arthritis. hey, coming up in the most news in the morning, the president calls for big changes on wall street pushing the financial bill. our christine romans is here. will it make a difference for your money? will it prevent us from having to bail out big tax dollars and your tax dollars being at risk? that s the big question. the president, after calling them fat-cat bankers not too