Berlinale and the reaction from the me too campaign. [please stand by] sarah i am sarah kelly. Welcome to the program. Disappointment has been his appointment has been welcomed with a standing ovation and parliament. Cyril ramaphosa was sworn in today as the new president of south africa. His predecessor resigned 24 hours earlier after being ordered to stand down earlier. From a post a will set out his Cyril Ramaphosa will set out his plans. He has said tackling corruption will be his top priority. I declare the honorable Cyril Ramaphosa duly elected president of the republic of south africa. Reporter it was the moment the nation had been waiting for. The new leader promising a break from the past. The issues that you have raised, issues that have to do with corruption, issues of how we can issue out our state owned enterprises, are issues that are on our screen. I will work hard not to disappear disappoint the evil of south africa. Thank you very much. Reporter and on the streets, the
Over bear stearns. That was hard enough to get it done. I agreed with them. It was no way that the withution procedure intervention that we had in there. Ss the government will come and take it over. It would not have flown. I want to add this. Sometimes we make a mistake. It is driven by the perceptions of voter sentiment. The tarps a Great Success but hated. Media, itians, the makes me nuts. The voters are no picnic either. I used to say that when i was in office. Born had a quote. Oh barney had a quote. The stitches are not so hot. The constituents are not so hot. You have this ideological tremendous intervention. You step in and to get rid of the board of directors and you fire people and you take the shareholders money. It was a hard enough job for me as chairman. I would never want to put it to a vote of the action by the fed being so active. It wouldve failed in committee. Said youmously have never want a serious crisis to go to waste was dubbed i believe kristi waste. Doubly kr
Take you. Thank you so much for coming today. I would also like to thank National Press club staff, centerng our journalism for organizing event. You can find more information ut the National Close press club on our website. Thank you. We are adjourned. [applause] on this weekends newsmakers, iowa senator chuck wesley is our guest. He talks about some of the issues rating facing congress. He is the Top Republican on the Judiciary Committee and one of the conferees working on a Budget Proposal for 2014. Here is a reef look at the interview. Brief look at the interview. I do not believe will be easy for us to make an agreement between the republicans and the democrats. Because the democrats want to increase taxes they want to if theres going to be in agreement, it would have to be are agreement if we willing to give something up on sequestration, but only if there is a longterm agreement on medicare and Social Security. Can that happen . I am very pessimistic. But i know republicans are
Better than the minority of their own party. I have serious reservations about that characterization. I think a lot of people went to the floor on that monday and voted no because they thought the leadership have the votes to pass the bill. They couldnt gather gavel back in. I think that was true of both sides. Not so much on your side. Nobody ever casts political votes on your side. On this one judd wait a second. Its about politicians and politics and i know that may upset some people because we are only supposed to these talking about finances. You are two months before an election. This is a freebie on the incumbent party. Its a free shot on goal without a goalie in the goal box in the Democratic Party is in the majority voted. It was not unpopular afterthefact. It was unpopular when it was implemented. It was unpopular. You cant put lipstick on that. The majority of our party voted for something of the incumbent president of the other party that would help solve a problem in the m
Concerns. So ill be up testifying in front of the Senate Banking committee again on tuesday. I do that before both the House Financial Services committee and the Senate Banking committee, required to do it at least every six months. Typically its been a bit more frequent than that. [laughter] but i always value that opportunity and look forward to it again next week. Its always just because republicans on the House Financial Services just really like to see you and talk to you because they really enjoy your company. Which i try to help them enjoy my company. On those questions of both oversight from the committees and pushback responses from industry, what are maybe one or two examples of things that you have responded to and changed based on that oversight, that feedback . I think specifically about the review process with banks there was concern at first that there were enforcement attorneys coming to these things, they were more adversarial than they necessarily should have been. Yo