Teddy

" You're a moron it's all minority your life should have a -- eloquent on drug Jones-Drew drama Nouvel is world headquarters builder and good morning I'm not a lot of jobs all the -- is for them. And good morning to atop their back in the studio after. Long long long long layoff but if tiger by a long way off. Came up midweek last week while I was an emergency little interruption."

" Sure the vacation plans but other than that -- not approach. The time away that Steve side grabbed from -- know there's some items in or -- That two week. Where that hell is -- where could he possibly being nowhere. -- Absolutely can't -- by the way every day at this time we do the Boston business report with the Boston Globe Steve sire. In today's edition of the Boston business report is being brought to buy the I'm strong advisory group and we go right to Steve says demonic stand. Hello Steve. Desire there Leo he's not apparently getting the monitor coming out for somebody's on on their coach he was going hello hello -- stated stated. They are and we go how is that. I think we got to ask you this Dave. Now Steve. Well it's do. After playing games we wanna talk about let's talk business is -- without Steve's son okay it could only feel. As I -- avenue thank you stay on top the good business. I was so glad I got up and back there yeah -- is no we have a new studios everything's not tell quite always used to. Yeah it's good to be back. No they don't think well thank the law known to those who don't I figure about the birth dug around and talked about god and all those doctors can concentrate on their other patients. I am a happy guy healthy happy and healthy. Let's talk about the banks this okay so there -- Healthy and reading them a little repair a -- India globe today about banks trying to prop hood and the taxpayer is getting some money bag that might not have been expected tell us what's."

" Making money and -- taxpayer making money your your. Actually yeah yeah yeah dumping billions of dollars into them about a year ago there. Banks -- among the really big one there speak what given the fact that given the money back so far. And or billion dollar profit so we -- these guys eat thanks how many. If this -- ten big ones. The whole slew of smaller oneself eight out of ten big ones."

" And what percentage well how much are we spent like 700 billion or something."

" Yeah is that now but this is that it don't want to repay. I don't know I think it's in the eighty billion -- something like that."

" I was saying about the total because what we're doing we're doing here is we're looking piecemeal or saying a few banks have paid back their money. And all those banks paying it back we have it turned a profit but that doesn't mean the whole program has turned a profit right."

" Well no it doesn't but -- eight I don't think there is to have to do with the big can big banks stepped back when Hank Paulson was still -- Treasury Secretary. We basically told you gonna find this piece of paper that was. And god father moment and -- inside and then subsequently -- little. Smaller banks that got. Pieces of the deal and those are. But different categories and all the big banks that. We can say that we've done very well overall also are particularly in the big ones. Got most of feedback number one that's almost -- but not quite his JPMorgan Chase and the category that they're so big. Problems that are still out there which could turn in this whole sort of the profit loss story. Upside down is thanks for. And Citigroup. Which are. You know doing better than they were certainly a year ago but I think they have a lot of unanswered questions and about to give back the money had -- cabinet position at all."

" Why are these companies that have paid the money back choir they turn around so quickly in doing so well it."

" Are you take a lot of them it didn't happen as severe. A problem in terms of what they owned on the -- cheap -- toxic thing is that we're going not yet but clearly the most successful ones in terms of are giving them money and getting getting money basket and making a profit are. The big -- is more for Goldman Sachs more than anybody else but also Morgan Stanley and so many other banks including State Street near impossibility. The Big -- that gave them money back Peter. There are banks would certainly have problems but nothing on the scale of toxic assets that -- the considerable work it was."

" Do some of their motivation I assume has to be too like he did. Limits on executive compensation the quicker they get away from the nanny state the moral. -- of programmers they're available they're able to to pay their help."

" Absolutely the government could just tell -- to know what to do all kinds of things but executive compensation was. You -- you know subject number one in that category so. There is more anxious to get out from underneath that and it's -- that Citibank where -- position. Who once more could start stabilizing we'll get to be able to do to get the money back can they get good argument that we don't need anymore. In particular money -- lives."

" It's still no indication how are. -- from the retrospect I don't -- risen about but it doesn't sound decision just seeing this as an indication that the economy. Is starting to you know enjoy a strong rebound."

" Well not a strong read an article if we're doing a lot better we talked quite good this while you're away. That does it has its -- all of the bad times happy -- hearing that. The worst of the -- I think everybody out there it is indicating it is -- to green that. Pieces of evidence out there that the worst times are all -- and perhaps that the recession technically it is already over. That doesn't mean that is going to be and it. Last recovery in the financial area as a big institutions. We just talked about banks here but -- Other issues as well and we can say that they are considered group -- problem but it doesn't take into account. Fannie Mae and Freddie Mac AIG which could become ultimately. Up big big problem that we need. A confusing and uncertain situation there and that's even take into account of course -- of our company."

" So there's still plenty of trouble in the financial structure but the cuteness. -- of those problems. Has subsided."

" Yeah yeah Steve -- to -- in the worst of the capsule worst of it just a year ago and it is very unclear. Don't the leading financial institutions so that the country and in fact the world where the position -- literally function so. I -- I don't think -- anything like that anymore."

" Curious though what though what the lessons will be of this story as we look at it and see the money is turning come back in and there were turning a profit on some of these loans. To the financial companies does it does it do we look back and say that it was a mistake not to give money they'll Lehman Brothers that they should have been saved. Org or do we keep it going some other direction with conclusions."

" I think we would rather it is very interesting proposition and people look back now when they sang -- well the Fed doing what the treasury do. And a lot. It almost -- of the big mistake -- stated that it doesn't let Lehman. There's going to let that you know it just sent the entire financial system quaking in that is true. But -- the context of what was going on what we're listening to what that particular period of time. You'll Bear Stearns was already off the charts a lot of other things wobbling in the and that. Question people were saying what you are we gonna go. Don't bail everybody out I think there wasn't political wolf for a very good reason for that at the time. And you know all of a -- goes under and do that. And tried very hard. Very hard to get somebody to buy Lehman Brothers of the bottom they were dealing with -- the time and thought they had a deal it didn't work out. Actually this central Baghdad and doubt. -- World saw the impact of what happened when we went under. All -- you'd you'd turn the page very quickly and now. AIG which is much larger and potentially more dangerous situation comes up at that point you gotta step in and say -- Right well we have to do that so. Eight people can say well there's a big mistake not to say it would save Lehman and that we would've been better off everybody -- got everybody -- bite out. -- actually that's really true and that you know people. Top with you know government writing checks at that point and done it was. Ultimately unnecessary to. Shocked the market showed them that you know that something could stay out -- show. The government taxpayers the world at large that there is real. People were making up the practice that we don't step but it duty station that there's grave in the consequences."

" All right C -- thank you very much good story good BS here and put on his it is -- always smart I don't know why you dispute then restart that it really is a good story what's also interesting -- ST you know what -- what is the lesson learned in the brunt of the Lehman situation. There's another series of lessons that -- BM Laura and I hope at least in the corporate world. And that is to not relegate the risk officer. Too you know so into the backgrounds in the background to system back -- NCAA that guys just have to say Clinton no I have. Hey it is amazing how we got into this situation how would -- How I you know how I guess really how -- Fundamental. Things we're just dismissed. Just ask if BR edge it's beyond my comprehension and -- just like training and culture are. All those things are very important strong leader -- and I must evaluate and that to me is the definitive story of this whole mess lies served a box office. Because it was such a well round and profitable. Insurance. Company. And then let's let this relatively small but immensely profitable goof ball little division over there and some in London a London office. Go crazy on derivatives and -- said that blob apply aren't there all masters of the universe Tom -- captions and so nicely in the way he writes about these fools of these frauds. And they have literally taken corporate titans and giants fabulously successful commercial enterprises as an -- in the left amend or correct can ruin. Did is that some some drug addicts and drug addled fool could not have just destroyed companies the way this division. Destroyed AHA all --"

" The nature of the human experience right well there's certain patterns way we behave as human beings. That are very predictable and we see it all the time in politics and we're talking about the succession as Ted Kennedy. And end the we -- what role Kennedys will play in that succession. And that we have these natural instincts that are self destructive everybody is. Automatically shifting their focus over to Kennedys they're the last people we should be interest in our instinct should be that's it was controlled by the Kennedys for fifteen plus years. Give us the outbreak showed that should be in everything we know about the history of our country."

" I disagree with fuel on on on one part of this and it should be in this my first instinct and I think I would hope everyone's first instinct is to see. And is is really just feels. As possible not rich in the mud and the and the financial -- rich in terms of the number of people. The with a really an ambitious menu you sit there and you enjoyed reading the menu because they're gonna be a lot of good choice is GF select a socialite that -- about this what about that I don't want this to be one or two people that's lie."

" I was inside if I really do anything wanna step on -- Let me just say you got your analogy in the direction if you have had -- for the last 35 days and arrow. And you're going into open that menu what are you doing -- praying that there is not -- on -- menu you don't want that choice to be among some why waste it. And order it and that's how we feel about the Kennedys. Being on the ballast they're essentially entire gamut -- I don't know not at all that there's some people it's all loaded. Situation it's not -- democracy is supposed to be about a bunch of people getting in in the best ideas winning right. And we know it doesn't work that way we know they're you know people tend to vote in an Irish ever more for an Irish guy and Sally neighbor if we know -- all kinds of ways it gets tilted and it becomes undemocratic. Certain people you prefer not to have -- races because it would -- and unfairly -- anybody locking in in an emotional moment trying to capitalize on the Kennedy name to me should not anything -- of the process that would be wonderful you know. -- Because I think he's fully capable of making a complete fool of himself. And if there's anybody who would make and the voters of Massachusetts realize. Then the name by itself doesn't bring all that much -- I think Joe -- a guy for the job Victoria Kennedy being NRA's I think the state of Massachusetts would be horrified I don't think this is a state in this moment of time that's going to embrace. The idea that because a woman. Was married to Ted Kennedy for seventeen years that somehow qualifies her for the Senate seat and I don't think anyone -- issues."

" It's gonna -- these challenges is that she has lived even though we talked about the leash. And the salvation -- police she kept on the senator in the selfish and she was to dissent about. I think she has been in the shadow of the senator I don't think very many people including myself know much about her I know she's an attorney had told us was our first -- until she's very bright -- in in in seeing her over these last several days you'd have to say she conducted herself with a great deal of composure imagine the marketplace and not a great deal of don't Levy that's her slogan -- don't -- the English accent just like I reined -- said. I can marine in the rest of congress I don't and a boxer and all the about -- she's -- before we take calls and just remind people that the -- business report with Steve's -- at today's -- was brought to -- the -- strong advisory group."

" I can't -- and some Quebec and Montreal yeah and I am with the spirit of the lives and Tom Whitman."

" But that we've thought about it they're beautiful buildings in the shuttle's front and asked. We have done a great person and instant. I -- the fact of the."

" hit that. -- go to the -- and I hear it. But -- and -- and if they have every right and yeah so anyway. I think how we doing mainly they get it and it didn't. Me and then from old I don't it was and out of and eat it up by equipment is that -- I -- I -- question -- Why -- the people that through a public vote but it and the big. And that -- that I've never voted by him a whole lot of good he is basically this. You know -- that -- credit they've let him. Let him my sister live at the -- And see. Now another thing coming."

" thank you very much for all."

" That's a good five we don't want you do diminish it by adding. More waters of the creek as it worked. Six point discover why you left at 6172666. C sixty -- and."

" Yes I know I think Canada. -- and that is so IG then Obama because they can't candidate need."

" You mean very mean spirited and Nikki good morning."

" Know yeah see I can't Mickey Mouse and how -- sued his legs were. Out of town."

" I -- song we can't let sickened people bashing can at least you know two people really noticed struck by should oh Bentley -- have made. Any committed to but the Chappaquiddick and I am gonna. I like seeing that the people that value to humanity constantly. And do something to. Eat lunch. And be right you -- want them."

" Now -- I'm glad to make the point you know because we can."

" Graphic instant up. How about the illegal immigration."

" Educated well. --"

" Yeah. I mean we let the guys who."

" When I say we out of the society is we shouldn't. Doing that we should be much country Morris I think that surely there has been such overkill it's in his sermons and go. And old. -- only positive -- UK and Bobby Kennedy wanted to -- the tragic. Begins -- know just like -- your driver. -- your eyes and say dad. Four. And I don't Martha's brother mason. Society a better place I believe god this is not acceptable. EI United States my."

" Six AB WRKO it is Monday morning we're happy about that -- were back together with -- finally back from a badly they actually read generous toward his veterans vote from way back in action a full weekend Todd and I know. Asked looking for what it's how much. -- did not know if Todd and I look forward to ask the veterans. He realized I was talking he got the impression we're back on the air so he thought he'd take part that's all went to his game so boys off a couple of I'm -- it is just. I heard about a few months of the next Ed McMahon. Is looking for is -- that's I was --"

" He got us and he is Johnny. So got an interest in interest in time in Massachusetts politics all last week -- talked about it. You say ad -- but I think it was a healthy indirect interest in conversation. And reflection about it for the Canada life and times of Senator Ted Kennedy but now the that they headlines of today tell us solve tell us what we knew instinctively anyway. Life goes share. Lot of people wish Ted Kennedy was still in the Senate still alive still well still -- still being all the things send to us for so many years but he is not is -- done and life goes on each newspaper today talks about. Yeah we've it is is Vicki will -- step forward will Joe Kennedy stepped forward who else is gonna be considered there are other people determined to run there are some people who want to wait to see how the field shapes up chemical."

" Question is a simple one William be thrilled if the seventeen year wife of Ted Kennedy the woman who reigned him in. Who was his leash and for the first time in his life brought him around so leading a normal adult life apparently is she somebody would vote for for the US senate. And Joe Kennedy. The -- son of of Bobby Kennedy who spent ten years in congress and is now the spent his time being best friends with the -- president of Venezuela."

" These are the people in the -- wasn't the eighth congressional district but by the way just did the introduction yeah description. But Joe Kennedy do you think think the people -- the as congressional district and dancers."

" I don't think they've ever thought about."

" They're congressman Bob all they had Andy all of the war enough people become irresponsible as vanity on the got a huge -- that the book multiple candidate all the veterans first Shannon. Yeah right the one with the name recognition wins -- they -- few names Kennedy and everybody should change their name if they're gonna run for public office. Let it just be built Kennedy and Bobby Kennedy against. -- don't know. Still Kennedy awards -- they hold off a I mean it's ridiculous there -- no worry nobody in their right mind should consider broad or for anyone named Kennedy if they're part of that family they should just not be considered do you think there's no qualification hundred -- just enough already they had so little themselves out any idea that's peripheral people that Vicki Kennedy would be considering gag capitalizing on. -- on the week of TV coverage and hurt coming out party that though funeral or represented and try to turn that into a political career well it's not it's not unusual do you see this I don't know they'd have to say it's totally inappropriate but it's not unique to Massachusetts it's not a Massachusetts disease you've seen it happen. With blog should -- the disease is the Kennedys that that family is a much bigger thing than anyone in the rest of the country have us. Right now we have every every state I think has a political family that's may be dominant prop before but none of them rush Hannity and -- this is the number one. Biggest virus of a political family that exist in the country right into let me take a question just turn -- to -- degree of -- And if in fact a Kennedy is on the ballot do you think he's the Massachusetts voters would turn against that person be -- this Camelot you have solar I think you think you think the age I. To an end with nearly death and -- I want Joe Kennedy to come into the race you wanna me yes so he can be rejected out of hand -- I'm -- your cold callous SOB five cents just is almost as about a -- it's almost as if you revel in I revel in somebody's our country running the -- rarely does. What you think you'd be miserable haven't Joe -- lose I think -- fantastic okay thank you for clarifying 617. 2666. -- they see Mike in the near NW RKO Tompkins --"

" I installment. Hello them I think it's gone -- this country I mean yeah -- bigot is just end up to me isn't there. Based fit that -- these are good minorities -- on the ball but getting back to this public service but it generally they talk specifically. We challenged one guy like fully litigated by Wright the gift of fear or got -- late great everybody gets securities it gets defeated. In light in character assassinations against people that got Colbert tells strong. No you don't help yourself talked earlier Irish kept the people who create -- you know you don't want with that democratic -- Iraq. And you can't get over the that -- can -- this apply Catholics all tumbled more like guys whose approach is. Yeah like a couple white -- ideal on. You're gonna judge -- liked it generally was going up people that I thought to a polite."

" I'm sure they have partners -- you got a good point oh no no why. And as a blocker is when you try yet not keyed neither you know might NBC or Mike's right on you -- the last flew up Republican. Governors were pro choice including Mitt Romney and I see lives and I usually -- and you're now. He can. -- is even affecting the now -- horiuchi jays we have all flawed choice so however they wanted to describe -- this standards standard all practically all along the only Democrat in the place so one of the few senate are you kidding me what we do an innocent unborn children and out and get an idea and right now."

" And while usually you -- Miguel club -- picture or video lions club usually you'll probably get -- do you live by. Beat pitcher out of the Democratic Party try outrage Jolie embarked lecture on the board should probably get away from the Democratic Party if you are troop pull -- book."

" Okay thank you thank you general -- we appreciate the call 617. A -- as the best we've ever had is that you're right that's about this lately. -- copper and boss in Europe and WRKO."

" Or -- I don't we -- They might get cut L forty and up then Mary -- technique did not -- drowning. Governor don't -- about -- we interviewed a couple with the current yeah totally took part she died of suffocation and that would be up. You know that's true."

" That's my recollection there was a pocket and I. And back of the car and she was when they found her -- it is our call her mouth was turned up towards that pocket of air and the -- had dissipated because you know she ran out because it was she was down there for so long."

" That why wouldn't let Howard -- cheap way to bring it come back before slowly died. We can't know -- it was an accident. -- for eight -- Of -- it -- But in jail a -- step up like."

" All it was certainly. Not a good and the fact that regardless of what happened in the legal thing. The fact that he allowed that to sit there as. Unspoken to his own failings. Not directly attacked. I think is is a great tragedy of his life that he -- have the courage to come clean what he did after that. Was -- the people of Massachusetts and manipulate the court system manipulate the process so he he got off the hook. And then call on the people of Massachusetts in two. Telling him that he shouldn't stand power. Rather than coming clean with what happened he told a story. The story. Doesn't mention anything about any wrongdoing on his part he was just a victim meet happening drive off for bridge after taking off -- wrong turn. He happened to have an accident he happened to be incoherent and walks buy houses -- lights on and telephones. To go back and get his minions at the party and they. Happened to drive him back to the into the ferry and he dove in and just happened swimmer rosters have taken -- no question about arousal ridiculous story not found this."

" Or implausible in any way shape or form and have found his conduct. Indefensible I think he himself used the word indefensible but he never in your opinion of the way you described that he never really -- rose to the occasion. To do the full. -- can. Confessional. That the circumstances. Probably market. Now he may have struck cassette he may have been confused he may have been dazed and disoriented and as you -- gone by homes with lights on and try to swim across a place that has strong currents and I who knows none of us -- this nobody ever knows. But I don't think even the biggest Ted Kennedy's supporters. But but the the but the the scenario that was laid out and that this was just kind of geez sorry about that bubble bubble but this is this if he did he'd. He does a lot of responsibility for what happened indeed it is the lion's share of the responsibility for what happened and part of the responsibility -- this. Is that failure to. -- With everybody else as to what his behavior was that."

" Did -- for me the grossest part of it is because I remember and I lived in Lexington stars in a liberal area and I was with off you know in this environment of Ted Kennedy supporters. And I remember how caught up they were in the emotion of him asking the people of Massachusetts what should I do putting his poor pathetic. Future Russia in their hands it was a beautiful public relations ploy yet but it was a vital. Moment in the life -- in terms of his honor. And his integrity and in in the treachery -- he was commanding and sustain -- Massachusetts so for me. The Mary -- compact. It's about how he. His political career came first. It was more important to him -- Continued -- power. Then to have his own integrity tend to be honest with people Massachusetts and be honest with the legal system and I have a problem with that that permeates through the years. And permeates through watching a week of tributes like we saw last week."

" Well you you obviously were not alone in having a problem with that huge chunks of the country and huge showings in Massachusetts have a problem with that. To this day even though -- is in the closing years but it -- called on the -- years. I think he worked. Triple overtime to make amends in many many ways you can't make amends to the compact family can't make amends to -- yourself what your parents or anybody else who suffer the loss -- of their daughter and friend. But he he he. There was something going on and Ted Kennedy's life these past 101215. Years almost the frenzy of a guy who know we have allowed to in -- up."

" EI was just reading about Joe Kennedy and than Jo -- the second who is considering a run for the CS Tennessee -- and 35 years ago when he was a a young guy you strive and achieve -- on the cape and he flipped the chief and crippled woman. And I was just reading that over those 35 years that he of limited means he has she's only worth apparently few million dollars at least based on his assets and and he only makes a few 100000 dollars a year so I was delighted to see it over the past 35 years he has donated to the woman who he crippled. 50000. Dollars which now comes out sued over a thousand dollars a year and so we get to see that. Then the legacy that the torch being handed down means more. Then you might have 5617266. Exceeds 60 Robin Boston good morning here NWR can we please stop there with Tom and --"

" Good morning guys. I'd just done a quick but only -- you -- think now that the aspect of it and they're that the the oracle went -- but in the chain here we go up. We have elected. -- a little -- the page. And -- public involved in that liked you have a strong hold this job."

" All right -- what's your answer that question does the whole of the Kennedys remain and that's what we're we're looking to find out because you know I think these people should not leave -- considered Republican office at -- it's. Thank you for that -- only one -- one word from the guy. Yes -- no said no I think you could come -- to come up."