Lawrence Officer discusses his op-ed, "Let Risk Taking Financial Institutions Fail," which lays out the argument that the Congressional plan to intervene in financial markets was ill conceived and not needed. The op-ed makes the case that owners of mortgage-backed securities are the only ones who risk damage & banks greatly affected by holding that debt should file for bankruptcy.

Chairman Rep. John Tierney (D-MA) presides over an Oversight & Government Reform Subcmte. on National Security and Foreign Affairss hearing on the consequesences of taking action against Iran. Retired Army Col. Lawrence Wilkerson, former CIA National Intelligence Officer Paul Pillar and other former officials testify before the committee.

A panel of former White House staffers from the Advance Office, speak at the Robert Dole Institute of Politics, University of Kansas in Lawrence. They discuss setting up presidential events for the press, including campaign events. Their discussion also includes a behind-the-scenes look at the Reagan Funeral.