tv [untitled] CSPAN June 18, 2009 6:00am-6:30am EDT
to conduct terrorist activities on these people. they do increase terror. it does not appear that it is a coordinated effort that was similar to what we had in 2003. >> during your recent travels to china, would you say that was a key stop in your travels next to any commitments on military supplies from them? are they key to resolving both the conflict? what kind of commitments to to get from that trip? >> we are trying to visit all of the capital of nations will have
an interest in sudan. china has an interest and a large investment about $4 billion in oil. what we have been able to secure with the chinese is an understanding that we have similar goals in sudan. we both need security. both need stability. we come at it from a different side. the end result is the same. we have reached an agreement to share information, to work together, to integrate our activities on the humanitarian front. i am very happy that the ambassador and i have been able to develop a strong relationship. he was with the in one area and will be with us on the 23rd. >> no commitment on weapons or
leaking things that action that the government will be taking? >> we did not spend a lot of time discussing those issues. >> he described the discussions you had with the government's and how responsive they were if at all to the extent they are worried about the legal actions taken against them? >> our main efforts in negotiations and discussions and dialogue with the government were initially over the return of the ngo's. through like to have all of them returned. we have been happy to see that to a period of discussion, we now have three mgo's returning to sudan.
in terms of a visas and technical agreements, we are making operations more effective. we have seen the words that they have given us our deeds. that is what we have to help them accountable to doing. >> what about the expelled ngo's? none of the expelled once have returned. what is the status of that? >> of the 13 that were expelled, will not be allowed back into the country. you should notice that right now we are near 100% fun -- 100% capacity returned. we're providing the same food resources that we were prior to expulsion, 100%.
we are about 95% in one service and. -- some of this is being done through emergency matters. it is not sustainable. with the new ngo's going back in right now, we will be able to sustain these operations and get more capacity than we have had on the third and the fourth that were expelled. >> s been reported -- it has been reported that the level of pilots is greater than before. is that your observation from you have seen? what is the linkage if any between the expectation that sudan will increase its oil output to 1 million barrels a day by 2015?
>> the reason we are spending so much time on border demarcation and wealth sharing and grazing rights and how we will have that border, it is really not up to us. we are trying to create an environment where the north and the south can resolve these issues. you're exactly right. at the production increases and the value of the oil and the other commodities that are under the ground yet to be discovered -- as these issues and the value of these products goes up, the tensions can increase. we will hold trilateral talks to allow these government to work through these issues. we would like to get resolution in the near future. as you know the arbitration is coming up in july.
the timeline for these discussions is very short period the united states and the rest of the national committee is doing what we can to create an environment where these issues can be looked at and resolved in a way that is mutually beneficial to the north and the south. >> is this your observation that the level of violence has increased and is a related to resources? >> i will say that the level of violence is greater and we have seen an uptick in the violence in the south. it is very difficult at this time to treat it to the resources. it is very concerning to us. >> could you give us a sense of context about the meeting next
week? what are you hoping comes out of that? >> as far as i know, there have been meetings to coordinate dollar contribution and those kinds of things. as far as i know, this is probably the first meeting at this level and of this type. i am not aware of others in the past. it is probably appropriate that it is happening now, because we are now approaching the place where we need to get into the sprint mode. we need to get everybody together. it is appropriate this is happening now. that is what we are trying to develop. we are trying to get the team together and do that a final
search so we can get the national elections done within the cpa/ -- cpa. that process will be the same process we are using for the referendum that will allow the people of southern sudan to decide where they want -- whether they want to be a unified country or an independent country. >> kenya mark got anything that distinguishes this administration's approach to -- can you marked ou out anything t distinguishes this administration's approach to darfur? >> our mission is to save lives. the lives of many people are at
risk whether they are in darfur or the free areas. we want to make sure that this situation is stable. we are taking efforts to make sure that the humanitarian assistance is there and we are able to facilitate and help coordinate a ceasefire. we want to make sure there are political processes in place and in dark for and other places said the will of the people can be brought and they can have democratic principles and the mechanisms. that is what we are working on right now. we're using all methods to accomplish this, whether they be carrots and sticks. >> the that mean there is continuity with the last administration? >> what we are doing is making
sure that value is added to this situation. there are things that the last administration was doing that we are continuing and there are things that are new in terms of our approach. we want to get results. but we cannot tolerate is the continuing lack of human rights that we are seeing, the lack of conditions that we want those people to live in. we are taking a look at all of the elements of national power that we can bring to bear to get results, to change that situation, so the people in sudan have a brighter future, more stability, more security. >> this is a two-part question. your predecessor seems to focus more on the door for a problem. -- darfur problem.
is that your main focus right now? there has been a lot of criticism that not enough is being done. to you think that is a misplaced concern? >> we have realized in the trip that i made that this is a situation where we cannot look at things in series. we will have to work it as hard as we can. that is why we are working hard to resolve the disk -- the tensions between being chad and the sudan. lia put my full support -- behind -- i have put michael support behind the meetings. we are trying to do the prisoner
exchanges. we are working very hard on southern sudan. there are things that must be done. there is development work and other aspects that we must focus on. the things we have talked about in the three areas, in addition there are things we need to work on in the area. our approach is very comprehensive. our approach is integrated. it is one where we do multiple things at the same time just because of our time line is short and the challenges are great that we do not have the luxury to focus on wondering and switched to the other. we must work on all of these things at the same time in an integrated way for all parties are part of the solution, where the international community comes together in a unified way to bring about the results that
we all seek. >> thank you very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> in a few moments, president obama announced his proposed changes to the financial regulatory system. after that, secretary clinton meets with the israeli foreign minister. the president signs a bill extending certain benefits to same-sex partners to federal employees. >> on "washington journal" this morning, they will discuss the situation in iran. we will hear reaction to president obama's plan for regulating financial markets from two members of the house financial services committee.
both are rip -- one as a republican and the other is a tenet -- democrat. this program is live on program c-span every day at 7:00 a.m. eastern. the senate health committee continues work on health care legislation this morning. live coverage is on c-span3 at 10 eastern. >> people to not want to think of roosevelt's policy as a passion. president theodore roosevelt was on a mission to save the west. >> now is people are talking about environmentalism and green movement, roosevelt is becoming the key figure to understand that he was the only politician of his day that understood
biology and birds migratory pattern and mating habits of deer and elk and antelope and actually did something. sunday on "q&a" douglas brinkley talked about the wilderness warrior. president obama has announced a number of changes to the financial regulatory system. the the plan would dismantle large financial companies and for the first time into was regulations on certain types of transactions. this is 20 minutes.
>> i administration has an extraordinary response to a historic economic crisis. we have taken action to repair our economy and working hard to build a new foundation for sustained economic growth. this will not be easy. this recession is not the result of one failure but many. many of the toughest challenges we face are the product of a cascade of mistakes and missed opportunities which took place of the course of decades. that is why we are seeking to build an energy economy that creates new jobs and lessen our dependence on foreign oil. system that instilled in each generation certain ideas of innovation.
the american medical association, we want to reform our health-care system so we can remain healthy and competitive. this new foundation also requires strong, vibrant financial markets. transparent, fairly administered rules of the road that protect american consumers and our economy and the devastating breakdown that we have witnessed in recent years. it is an indisputable fact that one of the most significant contributors to our economic downturn was an unraveling of major financial institutions and the lack of adequate regulatory structures to prevent abuse and access. a culture of irresponsibility took root from wall street to washington to main street. regulatory regimes drafted in the wake of a 20th-century economic crisis, the great depression, which overwhelmed by the speed, scope, and
sophistication of the 21st century global economy. in recent years, financial innovators seeking an edge in the marketplace produced a huge variety of new and complex financial instruments. these products such as asset to spread risks but ended up concentrating risks. loans were sold to banks which packaged them into securities. investors bought these into the risks to which they were exposed. lasted. pile of sand. as the appetite for these products group, lenders lowered standards to attract new borrowers. many americans bought home without being adequately responsibilities.
executives compensation were awarded with a recklessness rather than responsibility. individuals but of the entire system. the actions of many firms escaped regulation. few inside or outside of these happening. regulators lack the authority to take action. regulators lacked the accountability for their inaction. in absence of oversight engendered systematic and systemic abuse. instead of reducing risk, the markets magnified risks. firms alike. there was too much debt and not enough capital in the system.
complacency. we all know the result. the sudden decline in available credit and the deterioration of intervention of the federal government to stabilize the financial markets and prevent a wider collapse, and most importantly, the terrible pain in the lives of ordinary americans. much of their life savings. families devastated by job loss. small businesses forced to shut their doors. millions of americans have worked hard and behaved responsibly have seen the light streams eroded by the irresponsibility of others and by the failure of their government to provide adequate oversight. our entire economy has been undermined by that failure. now? we did not choose how this
crisis began, but we do have a choice in the legacy this crisis leaves behind. sweeping overhaul of the financial regulatory system. a transformation on a scale not seen since the reforms that followed the great depression. these proposals reflectchairman dodd and frank along with senator shelby and rep backus will be meeting with me throughout this process. they met with me earlier this year to jump-start the discussion of reform. i have met with regulators this morning. leaders, academic experts, and the broader public. careful balance.
i have always been a strong believer in power of the free market. it has been and will remain the engine of america's progress, the source of prosperity that is unrivaled in history. i believe the jobs of best created not by government but by businesses and entrepreneurs who are willing to take a risk on a good idea. we want to restore market in which we reward hard work, responsibility, and innovation, not recklessness and greed. is in the system, and to those awarded.
we say to put in place rules promote innovation while discouraging abuse. we seek to create a framework in which markets can function freely and fairly without the business cycles suddenly bring the risk of financial collapse. we want a system that works for businesses and consumers. there are those who say that we do not go far enough. over again. i think that would be a mistake. instead we crafted reforms that pinpointed the structural weaknesses that allow for this crisis and to make sure these problems are dealt with so that we are preventing crises in the future. there are those who say we are going too far. the absence of a working good regime over the system as a whole lead us to mir
catastrophe. we should not forget that. we do not want to stifle innovation. i am convinced by setting out clear rules of the road and ensuring transparency and fair dealing, we will promote a more vibrant market. this principle is at the heart of the changes we are proposing. that we list them for you. we are proposing a set of reforms to require regulators to look not only at the safety and soundness of individual institutions but also at the stability of the financial system as a whole. one of the reasons this crisis took place is that while many agencies and regulators are responsible for overseeing individual financial firms and subsidiaries, and no one was responsible for protecting the whole system from the kinds of risks the tide these firms to regulators were charged with seeing the trees but not the forest.
some of the banks were chosen to be regulated like other entities. one firm threatened the viability of others. there was no system in place prepared for this outcome no one was charged with preventing it. we were facing one of the largest financial crises in history and those responsible for oversight were caught off guard and not have the authority needed to address the problem. it is time for that to change. i am proposing that the federal reserve be granted new authority and accountability for regulating bank holding companies and other large firms to propose a large risk to the entire economy. we will also raise the standard
to which these firms are held. if you can pose a greater risk, you have a great responsibility. we will require these firms to reach stronger capital and liquidity requirements so they are more resilience and less likely to fail. even as replace the authority to regulate these large firms in the hands of the federal reserve for accountability, we will create an oversight council to bring together regulators from across markets to coordinate and share information, to identify gaps, and tackle issues that did not fit neatly into an organizational chart. we will bring everyone together to take a broader view and a longer view to solve problems in oversight before they can become a crisis. as part of this effort, we are proposing the creation of a revolutionary of 44 large interconnected financial firms. if a bank fails, we have a
process through the fdic that protect depositors and maintains confidence in the banking system. this was created in the great depression when the failure of one bank threatened wider turmoil. it works. we do not have a system in place to contain the failure of a place like aig or the largest most interconnected financial firms in our country. companies employing tens of thousands of people and holding trillions of dollars in assets took place in emergency meetings during the night. that is why we had to rely on taxpayer dollars.
we should not be forced to choose between allowing a company to fall into a rapid and chaotic dissolution or to support a company with taxpayer money. that is an unacceptable choice. there is too much at stake. we are going to change it. second, we are proposing a new and powerful agency charged with one job, looking out for ordinary consumers. this is essential. this crisis was not a result of decisions made by the mightiest of financial firms. it was a result of decisions made by ordinary americans to open credit cards, take out home loans and other financial obligations. we know there were many good account loans they knew they could not afford it, but there were also millions of americans whose side contracts they did not always understand offered by lenders. people sign up for mortgages and student loans and credit rd
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