>> thank you. [chuckle has got bret's job. thank you for being with us tonight. and owe rile there. around the clock. be with us. this is a fox news alert. another bloodbath on wall street. the dow closing down 520 points losing everything that was made back yesterday and more. hello, everyone. 5:00 on the east coast and this is "the five." i'm kimberly guilfoyle. along with bob beckel, dana perino, judge andrew napolitano, and greg gutfeld. we'll have more on the market madness in a moment. here is what we're covering tonight. unrest in london, spreading across the country. violent riots continue. we have the latest. plus, just days before the ames straw poll, tim pawlenty and mitt romney release new addadds slamming president -- as

slamming president obama. we preview the big showdown in iowa. "the five" starts right now. ♪ ♪ >> kimberly: another day and freefall in the stock market. the announcement that the fed will keep the interest rates low hasn't done anything to quell fears. dana you were press secretary in the 2008 financial meltdown. anything you think the white house can do now to stop the bleeding? >> dana: a couple of things. one is when you see a stock market fall like this, if some ways people think you can hold on and ride through it. the problem is for a lot of folks out there, their 401(k)s and pensions are tied up in this. so when you are at the white house, one thing you are thinking about is forget the bankers. okay? think about moms and dads in oklahoma, wyoming. pick your midwestern, you know, state. short of new plan or new policy, i don't know what they

could actually do. they need to come out with something fresh. they don't have it right now. all day long i kept thinking since the slide on monday and then the rebound yesterday who would bob beckel blame today? i got an answer. i got an answer. earlier on, on cavuto's show i saw john stossel talk about the reason the stocks went down there is concerns about the french today. so blame the french. >> bob: you know what i'd tell everybody to do, don't look at the 401(k)s. i'm not. don't panic. sell. i'm kidding! the stock market was oversold as it was. i'm not suggesting this is not a result of a bad economy, but this has come down more than -- it really was inflated market getting up to 12,000.

i think that frankly, the market needed to get draw back a little bit. i still hope it doesn't doesn't draw back more than this. i my kid's college fund here and i'm worried about it. >> dana: you're not alone. >> the reason it's easy market is easy credit. people getting credit that don't deserve it. the reason there is easy credit is because the federal reserve is giving cash away it's printing. to that extent, i agree with you, but it's inflated because the bureaucrats in the federal reserve devalued the value of our dollar. and given us artificial sense of prosperity. if you do have a 401(k), i agree. don't look at it. wait a couple of months. this is a marathon not a sprint. >> bob: what a great libertarian position. you've always hated the federal reserve, haven't you? >> it's not a matter of hating the federal reserve but believing in the ability in

the free market, not bureaucrats to plan the economy. >> kimberly: an interesting quote from the director of the economic competitiveness out of the university of central florida. he said the fed statement today is akin to telling a child the boog give man is indeed in the closet. but you will live the light on through mid-2013. i'm not sure if i should be frightened or comforted by the federal open market committee statement. what do you think? >> i agree with the statement. i am terrified by the fact that ben bernanke is going to continue to print money, and funnel it through banks. at low interest rates. which will give people credit who don't deserve it and prosperity which will burst. it's empossible. >> bob: only 85% of the economy is used now. we could print all the money we need. but i got to go alone. it's ridiculous. i said from the beginning, go

along with what dick cheney said. deficits don't matter. great. we haven't heard from him. [ laughter ] >> greg: i waited until you ran out of steam. >> bob beckel on dick cheney. new one. >> kimberly: i like that. what do you think obama should do? how does he fix it? the buck stops with him and the buck fell today. >> greg: obama should go immediately on tv and forcefully say very calmly but forcefully say 519. it could be worse. it could be 520. 530. be happy it's only 519. i think they could rally -- is it 5 to now? i thought it was 519. they could rally around that kind of leadership. here is the thing. i'm a guy like everybody else who doesn't understand what the fed does. generally when i think of the fed, i think of a guy in a hat a gun. i don't know what they do. when they explain the stock market they have to do it in simple ways.

the "new york post" where let me show this to you. they describe it as crazy stocks. like a hooker's drawers, up, down. >> bob: i get it! [ laughter ] >> greg: somebody like me who doesn't understand the stock market or the economy, they're putting it out there in plain, simple language. it's like a roller coaster, but no, they compared it to a hooker. >> bob: millions of sus been educated now. now we relate. >> kimberly: that is a cliff note's version. >> greg: exact. it will all you need to know right here. but you're right, don't read any statements. i read none of them because i don't have any. >> bob: a serious thing that could be done. if you bring the congress back. the tea party congress. but if you bring the congress back and do two things that obama asked for. extent the payroll tax deduction for another year and secondly put together infrastructure bank which won't cost a lot of money. that makes sense.

but the republicans won't do it. >> how about the republicans believing, lot don't but a lot do. the $2.4 trillion you let me borrow last week? i'm not going to borrow it. we'll live within our means. tighten our belts. you'll see the stock market soar overnight. >> bob: the free market did a good job for us in the great depression. wasn't it the free market that got us in mortgage-backed securities and the free market that said let it go out there and rage? i'm suggesting that the free market is stacked. that is why there is the biggest disparity between rich people and everybody else. you probably agree, greg. >> they were saying to give out cheap and lousy mortgages to people that can't afford them, because public policy that everybody should own a home and give mortgages to the government. we'll take care of it. >> you cannot blame big businesses or banks on fannie or freddie. >> sure you can. >> they had a gun to their head.

they said if you didn't give the mortgages out, you were a bad person. you might be a racist. >> bob: greg, they were not the ones that fuddaled these things together and sold them as security. that was big banks. >> did you give advice in the carter administration? >> bob: i certainly did, judge. where is this going? >> the community reinvestment act of 1977 one of jimmy carter's proudest moment forced the banks to lend money to uncredit worthy -- people. >> judge, the guys, let me take the front page of this and say what i think of the bankers. >> kimberly: here we go. >> greg: say it! >> bob: the guy stacks these things and make security and sold them upstream. just the worst. they should be perp walked, all of them. >> dana: that is something they tried to address in congress at the dodd-frank bill that some think is causing problems. now, however, we can talk about the stock market all we want. what will matter in the 2012 election is not so much the stock market, jobs. in the "wall street journal" today, reporting that 4.5 unemployed people for every one job available. that is the president's

biggest problem. not the stock market. >> kimberly: i want to ask you something because you're familiar with how it works and dealing with the crisis management at times like this, difficult choices must be made. what would be your advice right now to president obama, just through your years spent, you know, with bush and dealing with a similar meltdown crisis like this >> dana: they're different people. there were plenty of crisis, we dealt with a lot of them. as i said, you are dealt a hand. what president bush would say and we've got to play it. we have to do something. sometimes the best thing you can do is something. that would be what the markets are looking for. they don't want congress to come back. if congress comes back, what in the world would they possibly do? one thing today, press secretary jay carney said, of course president obama is going on vacation and the american people don't begrudge him spending time with his family. that could be true but it's undercut when the european leaders canceled vacation and came back. >> bob: you don't think the average american would like their payroll taxes cut? >> i'm for that. >> bob: that's what i said. bring congress back to do

that. >> spending cuts. payroll tax. >> greg: they're good in tax cut in crisis. if it's good if crisis, good all the time. >> bob: never in favor of your taxes cut. we have to get out of here. >> kimberly: extend the bush tax cut, good thing. but coming up, police apt the government ramp up efforts to take back control of london. rioters still taking to the streets. we have the very latest next on "the five." also, don't forget send us an e-mail. we love to hear from you. thefive@foxnews.com. stay with us. ♪ ♪

♪ ♪ ♪ ♪ >> bob: welcome back to "the five." police in london ramping up the effort to contain the deadly riots. we're headed in the fifth night. earlier today, prime minister cameron addressed the issue. listen to this. >> we will do whatever is

necessary to restore law and order on to our streets. every contingency is being looked at. nothing is off the table. the police are already authorized to use -- [ inaudible ] we agree with kobera , while they're not currently needed we now have in place contingency plan for water cannon to be available on 24 hours' notice. >> bob: i tell you what else is off the table the discussion about the republicans splitting the party but the producers decided to can that. go up here to riots in london. the -- dana, what do you think? why? did you think that this thing is beyond just a bunch of hooligans doing this and it really is people that are being hurt by the cuts in the budget? >> dana: well, i would like to see somebody actually make a case and lay out for me what exactly are the cuts that they are complaining about. this all started because of a shooting in which a, man,

father of four who was also a crackco dane dealer who had a gun, illegal firearm, he did not fire it. this all started, it was like maybe it was kindling and someone threw a match on the fire. this is lawlessness. i'm kind of surprised that david cameron, he said this is new sound. didn't we do it yesterday? did the exact same thing. >> greg: this is not a stand. the will to prevent this isn't there. they are letting the city go. they think the longer they wait, it will die down. but the question to you, what if you are right? what if you are right that cutting expenditures leads to violence? what is the answer to that question? does it mean you never ever cut? that you hold society hostage by fear of hooliganism? what if you are correct? you might be right. how do you respond to that? >> bob: i'm always right. >> greg: how do you respond to that?

>> bob: i will respond to that. let's let the judge talk. he's ready to jump in here. >> andrew: it's a great question. it means if the government doesn't give money away as blair and brown administration did for 13 years they were in power and when the money stops coming in, should we fear the riots and should the riots induce giving more money away? >> bob: no, i think you could cut money in defense and cut money. >> dana: what defense? they have no more defense. the entire royal navy could fit inside the stadium. >> bob: you're very excited. >> dana: i am. this one gets to me. >> bob: i agree these are hooligans doing this. when you were a prosecutor, you would have prosecuted them, too, but there are people in the country where the flame has gone over to them who suffered unfairly the cuts by this, by the -- >> greg: bob, it goes back to the question. if you believe that, how do you respond? >> bob: cut in other places. >> kimberly: bob, what -- >> greg: then those people will riot. that's the theory. >> kimberly: people have a theory and belief of

entitlement, they should have it handed to them. they cannot allow it to continue. they have to have a firm hand with this. otherwise you will see this practice continue. they're getting away with it. that's why -- >> andrew: i share gregy's anger. this is a culture of entitlement that has been perpetuated by the british government for decades. as margaret thatcher said, the problem with socialism, sooner or later you run out of other people's money. the government run out of other people's money. what are they supposed to do? >> greg: how close did we get to the line in wisconsin when you saw people pushing and shoving over that mess? are we just a couple of years away? >> dana: even the looters themselves are saying it's not about the cut. i think we should listen t to the sound byte that we have. >> what made you angry? >> i'm out of money. this is our pay back. the police aren't doing anything.

it's lack of freedom. do whatever you want today. >> what have you been doing tonight? >> doing what i want. >> greg: that was gwyneth paltrow, actually. >> bob: let's talk quickly here about the tweets that are going around among rioters. they're trying to cut that down. i note we're happy about the twiter, tweeter, whatever you call it. >> kimberly: you can tell you're on it. >> bob: i don't tweet and i don't twit. but the point is that social media, we're all happy about it in the arab spring, right? all excited about it. now we want to shut it down because it happens to be a democratic country. >> andrew: i agree with you, the government has no power to shut down twit ore the internet no matter how people are using it because freedom of speech is natural right. >> bob: i love you. >> greg: but you should use it to find them. >> andrew: why? >> greg: why not? if they are burning down buildings and you know where they are going to be through a social network, stop them. it's their stupidity to go on there and brag about what they're doing you should go

after them. >> bob: how do you know on tweeter or twiter they are burning down a building? >> kimberly: i news for you, this is why you should stay off social media, they can follow you and find you and track you and get your information. they're doing this. finding out who is sending the messages. that's why they tried to stop them. they're not allowed. the judge is right. >> bob: do you think i can get as many good looking women to follow you as men follow you on your twit? >> kimberly: i challenge you. you can try. >> andrew: there is a bipartisan government in great britain. not only the conservative, but the liberals. a guy you like, nick clegg, the vice -- >> bob: number two man. >> andrew: right. what advice would you give them? >> bob: go back to look at the blueprint of the budget you cut and take more out of the upper class. >> dana: there is nothing left to take. >> bob: i said, i made a distinction. i'm with you. >> greg: without threat of

punishment, you have nothing. >> bob: tell me what you just said. >> greg: armed society -- >> bob: i got to tease. let me say one thing, people ask about this. i think we have the best producers in the business. [ laughter ] they really are. the show is great, right? all right. coming up, critical warning about the next possible financial crisis and your student loans are said to be the problem. "the five" continues next. ♪ ♪ let me tell you about a very important phone call i made.

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we have problems in philadelphia where the mayor lectured people on their clothing and on his own ordered those under 18 to go home is that constitutional? we may have a problem in new york city where the police department wants to follow people on their blackberries to know with whom they are communicating and meeting up. >> kimberly: here are the questions, whether it's publicly indecent, are they showing any body part or showing area of their butttocks, et cetera. then you have an argument to tell them to pick them up. if you are in a private school, absolutely. you are subjected to the rules whether they have uniforms, et cetera. but this is an area people say this is what i want to wear. or expression. >> one of the things he says, judge, is it's about jobs. if the complaint is we don't have enough money or government programs, you don't have enough jobs.

>> andrew: he says cover your butt. >> cover it. >> this nonsense must stop. if you want to act like an idiot move. move out of the city. we don't want you here anymore. take it down especially in the summer. pull your pants up and buy a belt. no one wants to sea your underwear or the crack of your butt. nobody. >> kimberly: i love. that applauding for. that >> andrew: i agree with that on the bully pulpit. saying the right thing for the right people but force of opinion. he can't use the police to force you to pull up your pants or wear a belt. >> kimberly: he can't do that. that is where you cross the line. unless specific complaint, goes in and tells the police about it. the message is correct. be responsible and get a job. present yourself in a way that is not offensive to other people. >> andrew: should the government tell people what clothes to wear?

what is wrong with a hoodie in 90-degree heat? it's crazy but they have the right to do it. >> greg: two issues. one is a hoodie and it covers what you look like so you can't be identified if you commit a crime. the other is what obscene. nobody want to see somebody else's butt. >> bob: i wouldn't be so quick to say that. >> greg: i told you this a million times, pull up your pants. >> andrew: have you said that? >> greg: many times. >> kimberly: bob has a belt on. >> greg: finally for after weeks of persuasion. >> andrew: can you weigh in on the nypd? >> bob: i a belt on because i'm going away for two days. don't break your hearts now. i'll be back on monday. you can't get away from me. the new york city police department wants to monitor facebook and tweeter or twitter? >> kimberly: twiter. >> bob: that is as close to unconstitutional as you can

get. that is your personal conversation. >> greg: to monitor facebook or twiter you join the group. you become a friend of somebody on facebook. >> bob: so the cops are our friends on facebook? >> greg: exactly. >> bob: to hell with that. >> andrew: what greg is saying is true. from your point of view. tell me if i have this right on twiter. they know what they are doing. can they force their way to your group without a search warrant? >> kimberly: no. >> andrew: can they ask you to join a group and tell them who you are an reject them when f they want to join? >> bob: if they do it without your approval -- daps however, if it's terrorism and we're trying to prevent an attack and they are organizing on twiter and facebook i bet that you might change your mind. >> andrew: i wouldn't change my mind. daps i know, that's why i turned to bob.

>> andrew: let them get a search warrant. >> kimberly: it's do gent circumstances if they -- exdo gent circumstances. they have the right. we have this around a lot with 9/11 you'd say go in and get them and prevent them. >> andrew: have you participated in these things where 25 people in front of the fox building are dancing in unison? that's what this is. >> kimberly: flash mobs. >> andrew: that is the word. >> greg: i don't see what the big deal is. we live in a culture that everybody is broadcasting their plans. suddenly everybody talks about privacy. c'mon! >> bob: are you related to mussolini? you're like bull connors. judge where are riots and one of the greatest cities in the world burning as we speak? london. where are there more security cameras than anywhere nellis the world? london. single rioter -- >> kimberly: big brother is everywhere. >> greg: they wear hoods because of camera. >> andrew: wearing hoods or

not. coming up, pawlenty and romney go on the attack in the newest campaign ad, targeting the same person. i wonder who that is? we play them both next and bob beckel will analyze and gregy will disagree on "the five." ♪ ♪ gn getting an amazing discount on a hotel

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♪ >> dana: the race for the g.o.p. nomination heating up. with two days to go before the iowa straw poll, presidential candidate tim pawlenty is pull nothing punchs. look at his latest campaign ad. >> the leaders at a certain point rise to the occasion. leaders will lead. >> 18,000 jobs last month. well below.

>> unemployment rate. >> there are always bumps. shovel ready not as shovel ready as we thought. the stock market has come roaring back. >> is there a risk that the united states could lose the triple-a credit rating, yes or no? >> no risk to that. >> are you fired up? >> dana: the ads almost write themselves. listen to another one, because mitt romney has something out tonight as well in advance of the iowa straw poll this weekend. >> because only a more civil and honest public discourse can help us face up to the challenges of our nation. ♪ ♪

>> dana: i would imagine a lot of people in iowa would prefer to go to state fair tonight instead because they don't want to be too depressed. what dough you think of those? >> bob: prozac sales will go through the roof watching these guys. interesting about both of the young munchkins is that they do not have one thing they put on about what they'd do about it. take it on obama and obama has a difficult time. i agree with that. wait a second. i want to hear one of the republicans, just one of them come up with an idea that is actually going to get jobs. as opposed to romney who broke jobs -- >> greg: they're not obama. that's the only idea they need. >> andrew: in the business of managing. if you want to go on the offensive would you not council ads like that? >> bob: i managed a 49-state loss. i wouldn't ask me. i understand why they are doing it and pitching to the

yahoos out there in iowa. they hate obama. don't miss that, that the sales will plummet across america. daps is it on the network. >> bob: watch fox and get a good night's sleep. >> kimberly: bob, we are going to give you positive pills. how about that? >> bob: i'm very positive. except people like pawlenty and romney. >> kimberly: it's realistic and they have a right to run the campaign and the ad. and respond to attacks that were put out against them. obviously, president obama is concerned about romney. he is concerned about michele bachmann. >> greg: the phrase kill romney. it wasn't romney. >> bob: who did? >> andrew: a phrase that incendiary, kill romney. >> dana: i don't think president obama would sanction it. even if you are a unnamed democratic operative, it matters. i want to ask about another possible candidate out today flirting with running for president.

>> greg: he has a great mustache. that's why i vote for him. ambassador john boll top is considering throwing himself in the race. what i like about boll top is he is the truly anti-obama. i wouldn't call him charming, but i would call him substantial. that is the opposite of obama who is charming and insubstantial. >> dana: the quote says, "today in my view, no republican candidate persuasively argued that the economic prosperity is intertwined with strong national security posture. if no one else is prepared to make the case, i will." >> andrew: he was on with me and i said you ready to take on the republicans in the primary between now and february? he said no but i'm ready to take on the president. >> bob: i spent time with bolton and i like him very much. but he wants to go past jail and to the general election. he said the other day ten stories off the u.s.

>> dana: but we have chance to praise you. >> bob: impossible. >> dana: you predicted and i tucked in behind the wisconsin results. tell us what happened. if you don't mind. summarize it quickly. >> bob: you made the point, too. i congratulate you, too. i said there were six races for republicans being challenged. to have seat removed from the wisconsin senate. republicans. and i thought two would be won and the other four i wasn't sure of. we had some chance of getting three. two was right. the other four held on. which too bad but we won. and now we have the governor right in our sights. daps except let me tell you -- jerusalem i thought it was a -- >> andrew: i thought it was a victim toyry for governor. >> greg: imagine how huge the story have been if the dems won? >> kimberly: absolutely. >> dana: this would not be on the front page. hooker wouldn't be on the front page. >> kimberly: that's what

happens when you have the majority. >> andrew: the governor is crowing and media says the democrats won. >> dana: policies stay in place. don't forget to tune in to fox news channel tomorrow night for g.o.p. presidential debate live from iowa. coming up on "the five," new blood test to determine the sex of a baby at seven weeks that's raising ethical questions. the five of us will tell you our thoughts next. ♪ ♪

♪ ♪ ♪ ♪ >> greg: welcome back to "the five." so, new york city schools chancellor dennis walcott told all middle and high school principals they have no choice in teaching sex ed. his reason, "an uneven system does not serve our students well." so once again inequality means the boat gets lower with everybody. my beat with sex ed isn't huge but there is one thing experts never admit. how hay lairous it is. in fifth grade it was the funniest hour of my life. a priest taught it. watching him discuss sex ed was like watching beckel

dance. [ laughter ] that is awkward, people. you know what? it hasn't changed. my nephew recently saw a play on stds in which doesn'ts clumsily pretended to be teens. his recrew, it was painful. like when the teacher tried to put a condom on a faucet. we're told how vital sex ed is but i never met a student who said thanks to sex ed my life is awesome, mainly because i'm not allowed near students but that is not the story here. but perhaps the reason students laugh in sex ed, they realize it's a private matter. having a creepy middle aged dude like me showing how to put a condom on a banana turns you off sex forever. at least with bah a that -- bananas. kimberly, you were good at sex ed? >> kimberly: this is a true story. i had it in high school, too, but all girls private catholic school, interesting. by the time i got to college and they had it it was a required course.

>> andrew: government school and mandate? >> kimberly: uc davis and 150 of us in the class and i got the highest grade. i got applause in the class. i don't know why that is. >> bob: you knew more about sex. >> kimberly: truthful. >> greg: should it be mandated? >> bob: of course. now you could be a substitute teacher now in the new york city school system. as a serious side to this, that is among hispanics and blacks in the city of new york, the number of unwed mothers has gone up and up and up. it may be that you don't necessarily need it for the white boys and girls but i think it does matter -- >> kimberly: everybody needs it, bob. >> bob: well, yeah. >> greg: i think kids don't take it seriously and they find it stupid. >> kimberly: they learn from their friends. daps they watch viagra commercials at four years old. >> andrew: isn't it the responsibility of the parents? the school can't teach basic math. it's going to teach sex ed? >> bob: a lot of kids don't

have parents, judge. >> greg: many teachers are too busy trying to pick up the students. >> kimberly: that's why you keep them off facebook. >> dana: this is again why i a dog. >> greg: what if they mandated sex ed for dogs? >> bob: a subject more seriously -- >> kimberly: we are taking it seriously. i am. i tell you why. i taught sex ed, okay? >> bob: i would have been in that class. >> kimberly: i bet. you would have been held after class for many reasons. seriously, in the city of new york, the number of reported cases of, yes, hispanic and african-american youth is on the rise for hiv. so that is what this is in response to. that's why bloomberg is jumping in and saying yes, there is curriculum within new york, okay, in the public school system that have it as part of this. but not everybody teaches it because it didn't mandatory. jerusalem there is th >> andrew: there is the problem. ideology of teacher's union and they say if something goes

wrong have an abortion. not interested in life just interested in getting through the curriculum that the government wants. >> bob: that is -- i love you, judge, but that is crazy. >> greg: i sense a segue. you brought up abortion. move to the next story. a new test that could tell the fetal sex at seven weeks, which would help i guess in diagnosing like sex-related disease or gender-related diseases but people worry it would be controversial step to select the sex of the baby and aborting the baby if you don't like the sex. simz right. >> greg: is that a legitimate concern? >> kimberly: of course. look in other countries, look at the preference for female babies in china. this is something that is real. you have people that are having late-term abortions because they find out what the sex of their child is. so for me, look, they are going to find this out early between 5 to 7 weeks, 95% accuracy, 20 weeks it goes up to 99. people will be doing this and finding out. especially for family

planning. i worry about it being abused. >> bob: you say in china they try not to have girl children. they want boys. that's what worries me. i think it lead to more abortions and i think it will be a question of choice whether you want a boy or a girl. i don't like the idea of told what tests you can have or not have, i agree with that. but on the other hand if i was convinced it was really to get sex-related diseases i would say it make sense. my guess is that people will abuse it. >> greg: they're having -- some companies have couples sign a form to say they're using it purely for disease analysis and not for choosing the child. do you believe it actually is going to work, judge? >> andrew: no. it wouldn't be enforceable. i believe abortion is murder and always wrong. the problem is the lawfulness of abortion not the technology that lets you find out the gender of the fetus. such an agreement could never be enforced. >> kimberly: there are certain gender-related issues. muscular dystrophy disease that certain boys can have,

that is very small, low indense of that. i guess what i'm saying there is a lot of potential for to be abused and lead to -- >> bob: but just think if this was around when i was a baby, fetus and my parents said they wanted a girl, you would haven't me. >> kimberly: is there a beckel test yet? >> greg: after around beckel you have to take a test. seven tests. transmitted through the air. >> kimberly: head of the class. >> greg: i to move on. dana, anything? daps i'm gla -- >> dana: i'm really glad i a dog. >> greg: coming um, now that bernie madoff is in jail, he only needs an orange jump suit. where are his old expensive clothes now? you won't believe the answer. next on "the five." ♪ ♪

♪ ♪ ♪ ♪ >> kimberly: welcome back to "the five" there have been rumors that alec bald world cup is considering running for -- alec baldwin is considering running for new york city.

he may enroll in masters program to educate himself to be ready to lead our fearless city is anyone very, very frightped about that? greg? >> greg: i feel bad for him. because alec baldwin is a fantastic actor, one of the funniest character actors alive. but he has an insecurity about his intelligence. he thinks that no one will respect him unless he pontificates his silly politics and he keeps toying with the idea of becoming mayor because it makes him feel important and smart. he has to realize he has a charming life, a great talent and a great career. >> andrew: the democrats in this town would never let him get the nomination. beck, what do you think? >> bob: so you take this lip gloss stuff and -- i see am serious. >> kimberly: called a wand. >> bob: alec baldwin? i could give a -- >> you wouldn't support him. >> bob: let him be an actor.

>> kimberly: do we have a picture that's cute and charming we made. look at this. see now, compare this. >> bob: i haven't seen it in 40 years. >> kimberly: all photoshopped but compare it to michele bachmann on the cover of "newsweek." democrat and her. >> dana: speaking about this today you realize that the military used to be your path to politics now it seems to be hollywood. i think that is a little disturbing. >> kimberly: or investment banking. what else is disturbing is madoff and his pants. where in the world are madoff's pants, greg? >> greg: not in my apartment, kimberly. i'll tell you that. >> bob: you can find them on ebay -- >> kimberly: search warrant. basically, this is the bet. they had a big auction. auction all this stuff off. fancy designer duds. someone went to buy all of his pants. hey, where are they? a guy thought it would be a great investment idea.

got the pants and is making out of each pant four exclusive limited edition ipad cover. you can see a picture of that there. >> andrew: who would want to buy that? >> kimberly: this guy, the tech entrepreneur did it. he is going to basically sell them for like $500 apiece. would you buy it? >> bob: john needs a life. i withoutn't buy bernie madoff -- only thing i'd buy a ticket to madoff observation extended 75 more years in jail. >> kimberly: people bought it. they love it. >> bob: they would buy anything. might even buy mine -- no, they wouldn't. >> dana: in england, the merchant bankers are buying this thing. those are the people that buy this stuff. freddie that is the racist thing i've seen you say. [ overtalk ] >> kimberly: 20 seconds. we'll chip in and give one to bob. anyway, these are selling like