Carl mumpower: i have not been a particularly connected political person. the driving force for me was my appointment to the civic center commission. i served as chair for four years or so. i had such an unpleasant experience with the arrogance, lack of balance, and negative leadership that it frustrated me enough that i thought i should consider it. it was just a concept in my mind until someone approached me. a number of folks shared my concern and cj: what is the answer to keeping what you term they sort of talked me into it over a period the mumbling majority from becoming so disenfranchised, they drop out of politics altoof time. my decision was not without great gether? trepidation. i was apprehensive, not sure if mumpower: that is why i this was something i really think it is important that wanted to do. i was real busy those of us speak to that in my practice--i a psymumbling majority to honor chologist --and my plate was them once we get elected and fairly full. not get corrupted and surrenonce i got into it and der to some of the temptastarted bumping into some of tions that exist in elective ofthe absurdities, i became fice--to please people, for exmore passionate about it than ample. i thought i would. i really the pressures are defiglad i ran. nitely there. some of the there were 17 candidr. carl mumpower people with very special indates. the two most conserterests are visible and articuvative candidates myself and joe dunn ; were among the top three that late. when you listen to their presentations, won. it has been a better experience than i it is easy to get seduced. a bumper sticker i had said "principles thought it would. better to the extent that i encounter a lot more well-intended, not politics, " and i try to keep reminding myself of that. i try to keep focused on that thoughtful, community-minded people. there are basically three groups to me: and remember what i trying to honor there are people who have community in- here. something i have noticed is that i terests, special interests, and selfish inter- rewarded from within on that, but not reests. special interests are fine as long as they warded much from without. i become a tarare trying to facilitate and educate. but get for a fair amount of criticism. i try to some people not only want educate and fa- stick with it, though, and so far, so good. instead of focusing on things i disagree cilitate, but control, and that is when it becomes a selfish interest. we have a fair share with other council members--and there are of those in asheville, but we also have many a lot of issues i do disagree--i trying to find things on the council that unite us and who value the community. work on those things. there is not a person on the council that i have not reached out cj: let's discuss your beginnings. to in trying to establish some initiative with mumpower: my father is from western them to keep us working together in some north carolina--the asheville area. my way. an alternative to look at what is not mother is british, and i was born in britain. working is to look at what does work. i traveled around quite a bit with the fam- someone said once that unity is important; ily and finally settled here in asheville in uniformity is less so. one of the ways to keep that unity is to keep the lines of comhigh school. i joined the service the week i got out munication open and emphasize the things of high school in 1970 and volunteered for we have in common. it is easy for a council vietnam right after that. i was there from to become polarized and divisive. in terms of things coming at us is the 1971-1972. i was in the air force. state budget crisis: our city manager did a cj: what type of collegiate schooling did you good job trying to hold the line. the league of municipalities recommended that the enter? localities meet with their local delegation mumpower: i a psychologist. i went all in raleigh. but we drafted our resolution before over--western carolina, university of georgia. i have two masters degrees and a that and started planning our trip to meet doctorate. i now a medical psycholo- our local delegation. i think we are ahead of the curve in that respect. gist in private practice. i feel very strongly that if the state is i got a master's degree in education from western and a master's in clinical so- spending money, they should be responcial work from university of georgia. my sible in raising their own revenue instead doctorate in clinical psychology came from of passing it on to us. based on our efforts, i think the people the union institute in cincinnati. in western north carolina know that this cj: what are some of the major issues confront- is a state problem, not a local problem, and it is only ours because they are passing it to ing asheville? us. if we just lose our local reimbursements, mumpower: one of the things that concerns me most is that as asheville grows i think asheville can avoid a tax increase. i we maintain balance between the new and can't think of any circumstance where i nontraditional and the traditional, histori- would support a tax increase that helps bail cal values and moras of our community. out state government at the expense of locj and that's one of the concerns i have is that cal citizens. 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First peoples bank, a member of the independent community bankers of america icba ; , which represents 5, 000 community banks nationwide, said that community banks remain a stable source of mortgage and small business loans even as the national mortgage market is being buffeted by talk of a credit crunch. "despite talk of a credit crunch, the truth is community banks are open for business, " said david w. skiles, president and ceo of first peoples bank. "community banking is a relationship-oriented business. first peoples bank is here for our community to not only get a mortgage loan, but get a mortgage loan that families can afford for the long-term. we won't put a family in a home they can't afford to keep." "wall street may be suffering but main street's community banks are in solid shape and open for business, " said camden fine, icba president and ceo. "community banks are the foundation of our nation's diversified financial system. a credit crunch like we're seeing now is exactly why the nation needs the community banking industry to ensure that credit remains consistently and widely available in good times and bad. today, consumers and communities can continue to rely on community banks for their financial needs. Creating a level playing field has always been the government's most important and noble role in business. so finally i'm here today fresh from the affirming experiences of katrina and rita to implore the government to fulfill it's role with the same focus and commitment and success that free radio fulfills on its own. thank you. applause. ; a. thierer: well, thank you, mark. i'm going to ask blair, paul and chris to come up and join us on the stage now. i'm going to just do a very brief intro for each of them. their full bios are in the packets. believe, they're all smart guys or i wouldn't have invited them to come here today. chris stern, down there on the very end, has spent the last ten years covering media and telecom policy in washington first as a reporter for publications such as the washington post and variety and now as an analyst for medley global advisors. he has extensive coverage covering the fcc and congress and a host of media policy issues and merger issues. and chris is just an all around great guy, except for the fact that he never used to quote me enough with the washington post! i've forgiven him for that. that's okay. paul gallant is senior vice president of the stanford washington research group where he advises institutional investors about legal and political developments affecting the media and telecom sectors. prior to joining the washington research group in 2003, most of you will remember paul when he served as legal advisor to fcc chairman michael powell. paul was instrumental in advancing the major media ownership reform effort of 2003. finally, we'll hear from blair levin, who joined legg mason in january of 2001 as a managing director as the firm's principal regulatory strategy analyst. previously blair, as all of you know, served as chief of staff to chairman reed hunt at the federal communications commission from 1993 through 1997. some of my very favorite memories of the pre-telecom act era are of meetings that blair put together at the fcc that were essentially shouting matches between chairman hundt and myself. he tried usually -blair levin, legg mason: oh, i have memories as well. a. thierer: yes. the good old days! he tried his best to be referee and peacemaker, but it just never seemed to work out. and i have to say that blair has become such a regular at these progress & freedom foundation ceo luncheons that we are now at risk of having to make him an adjunct scholar or senior fellow! i think this is probably his sixth or seventh at least. so, always nice to be joined by blair. so we're going to go down the row. and the way this works is that each of the analysts are going to ask mr. mays a question, and it will be a question. no rants! we've had rants. After everyone antes, each player is dealt five cards face down that they can look at.

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