>> ibm, does it still have legs. >> it is a good company but fat and complacent as it was when dennis covered it. >> that's it for forbes on fox. keep right here. continues with carbin' in. this is what we are getting now. costly invasive pat downs. lawmakers passing legislation to change that. allows private companies to take over airport security. welcome to carbin'. wage rogers and johnathon . tracey burn and johnn layfield. and the christian dorsey. and welcome to all of you. yawn thon, i will start with you. we will -- it make us safer with private companies. >> tsa made travel less safe

and less expensive and. >> it is i don't know. catching the knifes and guns and weapons. and of course, they have spent massive amounts of money. 20 million on the puffer system to detect explosives. we as taxpayers pay for it. 2.50 perleg surcharge. it will rise to 15. public reports say private companies can do it less expensive. >> wayne, you agree it is better for the taxpayer if we let privatization. >> it is not a question of safety or not. we privatize prisons in this country and safety was not a question. it is not a question of safety. they all theto put it out for bid and let private companies bid on it. and the other thing is have

states involved as opposed to the federal government. the federal government can't do anything right. we than. >> yist cran, you think we feel safer as a nation . do you think at this point private companies should come in. >> of course not. we have private security in the nation's airports prior to september 11th and we see what happened there. and the argue that companies are going to do a better job is silly and the other issue is cost of effectiveness. we peist programs in 19 airports and it cost on average 3-9 dollars to have private security screeners than public ones and and so if it is not cheaper and safer why would you do it? >> if you want to harken back to 9/11. part of the reason was a governmental agency didn't talk to each other and didn't have any idea that terrorist is boarding the plane so whose

fault is that there? you take it private highest bidder wins and the airports will brag the safer security and that is good for the economy. >> john. there are airports that have privatized security. san francisco is one of those airports and you are a frequent traveler and what do you say? >> i got over five million miles accumulatod american airlines alone. i know about airport security. i go through it every single week. christian is talking about 330,000 people signed nup the program. but whether it is private or government. i agree with wayne completely. it needs to be open to bid. there is no reason that taxpayers should pay for i paid $983 to get down here from dallas from bermuda. i should pay for cuter and

problems that i am causing the country and not the taxpayers. whether that is private or government it should be funded by the people instead of the taxpayer. >> the argument is that competitive bidding is what john was talking about. competitive bidding creates a market out there and that would help president taxpayer get off of the hook basically for what they are spending now? >> i said that, competitive bids are like everything. every kind of contract where the government agency is involved. but the thing is, christian, with all due respect, we privatized some prison in the count reap and it has been successful and done in a cheaper price. i don't knoww how you can argue with that? >> and so should we privatize the f.b.i. and sy? this is a matter of the national security. not only securing our national assets like our air space but

our people. >> i think. i think. >> why are awe suming they will not do a yob. they would do a better job. >> what is the evidence they are going to do a better job. >> what evidence are they not, christian? >> going back to pre9/11 the airlines were responsible for the security and that's what people are afraid of and that's anndable fear out there. >> just saying. and cheryl, let's go to the evidence. the evidence is that the tsa with christian's view point to us more safe is not doing. cent percent failurerate is not successful. it is disheartening about the success of keeping us safe and we are slaking down granny getting patted down and the real threat militant islam grows stronger not only in iran but world wide. that is the threat with the military and f.b.i. .

proper roles was government to address. and john, do you feel safer than you did 10 yearrs ago as a frequent air traveler. >> yes, i don't care if i take off my shoes or body surf buck naked. i don't care. i don't want to be patted down any more than the next guy. i want to know that the guy next to me white, brown or black and any religion is safe. we don't have the best security and the taxpayers. and why don't we have bomb detection machines for all baggage. charge the airline passengers, to them and instead of the taxpayers. we'll never get it done as long as it is a government agency and not as long as it is open to bids. >> johnathon, you don't agree with that? >> i don't. what i fear an environmentt god forbid terrorist militant

islam blowws up a movie theater. then we have tsa at a movie theater. growing government. i don't think that homeland security if john want to go naked go for it. but the enemies will find another way to attack. >> johnathon, you do not have a legal right to fly. it is not life, liberty and i have a legal right to be safe. it comes with security and so be it. don't fly . get in a car with ran paul and drive. >> another reason to privatize it. >> wayne, the issue of technology. we are far more advanced than we were in 2000 and 2001. shouldn't that be considered in the debate? >> it should be. it is already part of it. and it will continue to upgrade that. i want to see everybody on the show naked though. because i want to see, yeah, if they are going to fly

naked. i want see what the ratings will do then. >> i don't i want to see that. >> i think you have the technology to do it right now quite frankly and the technology angle is an important one. private companies are coming up with amazing technology to make the system quicker and simpler and because of burrcratic nonsense they can't get in the tsa. why not throw it out and give us the best and quickest way to get on to the planes safely. >> coming up. there is stem occupying banks. even though they are shelling out for housing. wait until you hear this idea to fix it. do nothing . [ male announcer ] the inspiring story

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>> two weeks, two plan to rescue housing. latest for 25 billion. that's how much banks are shelling out in a record

settlement over claims of closulose abuses. it comes after the plan letting responsible borrowers refinance the mortgages. best plan of all is do nothing. why is that, john. >> nothing worked so far. i am not saying there was not flaud activity mainlyy because of the loan officers become car sales men. you have 26 billion going to the banks and 80 percent mortgage. and refinancing. that sounds like a lot. it is only nine percent total of homeowners that are under water. this is not going to help on a significant level. millions are stupid? i disagree with it. americans made bad choices but assume it was the banks. it is wrong. manage going on since the great depression.

and banks are suffering. and same top. government funding is pulled back. does that convince us that housing is not coming back? this is a legal question and not about housing. the banks apparently violated the lending laws and as a result of which are making a legal settlement otherwise they will go to court and it is going to be a big trial and they could lose more. that is nothing to do with the housing business per se. but it has to do with going down the line all lending has to be legal and got to be guided in a certain way. i don't think that is going tac the housing one way or another. >> christian, you are an economist and what does it mean for the economy and what if the government stops getting free market takes it from here.

what happens nen do you think? >> housing is the biggest market and it is a huge drag on the economy right now. with the settlement, yesterday. if it is a conclusion of a sprint it was a sell out. and first step in a mara thon, then maybe okay. i want to go back to wayne's point for a minute. this is an insurance about securities fraud and mail fraud and tax fraud. those are serious, serious issues and the allegations that banks have systematically defrauded americans with a huge market such as housing is a huge issue and result in 10 million under water households to the tune of 800 billion. >> that's all it s. bunch of allege that a bunch of attorney generals are running on can because they want to come down on the banks. you are paying people up. and you have no proof of this. this is politically drin from top to bottom.

all you will do is hand out. it is a stimulus that congress didn't have to approve. you will handle out that money. in order to garner votes. people will continue to sit on their hands because nothing is working as long as the government is involved. >> tracey didn't does have much of an opinion but you do in >> it is it government involvement that is causing the problem and fueling the housing boom. this is not like the only thing government has done whether making homes affordable and fha secure. it is hundreds of billions. i forgot the ongoing bailout of fred yefanny. that is not talked about. we have done everything to help house done nothing to improve the market. look at commercial real estate. simon and boston property. markets are doing well and those are the ones in which

the government doesn't have a starring role. >> that is a separate type of business. but on the residential side. you want to keep people in the homes and they will vote for you once again. but if you let the foreclosure happen and get the government out, you get back to the true housing bottom and true prices and a true market, wayne. >> as i said that is a separate question and this particular settlement with the banks. the problem is, big banks already. four banks that were involved in the settlement and command over 54 percent of the banking assets of the united states. you have to break up the banks number one. you have 800 community banks that doesn't necessarily commit to this. if you get rid of that and have a competitive barchinging system you will have a competitive market for mortgages and house don't

allow maxin waters and congress to stand up and let the fha off of the hook and let the agencies off of the hook. >> wouldn't it be nice, christian. >> you have to hold them responsible. >> we have record low mortgagerates that it is tough to take advantage of. >> only way you will fix housing to get the assets valued appropriately. no one want to talk about. wholesale wipe downs much. >> that's it. >> no, johnathon to get back to a system where people who committed mail and tax and securities and bank fraud are allowed to do whatever they want is not the answer. >> we need to go. i will say they spent 25 billion dollars. but anyway, coming up, anybody. facebook, mark bucker berg a sexist in one big investor thinks so. is that what going public will

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fish oil brand. learn more at naturemade.com >> coming up it is it a battle of the sexings. facebook faces off with investors for not having female board members .

within days ran's making an important announce iran will never yield to western pressure. and pentagon top general meeting with egypt rulers over the american aid worker thars

held this. there is protest in the streets. senator herman cain -- mccain is leading the effort. and we'll hear from him . straw poll results will be released and followed by speaker sarah palin. ron paul is hoping for a birst big win . virginia governor and alen west, all of that coming up in the top of the hour. stay with us. facebook facing pressure to change its look before it goes public. insisting that mark zuckerberg add woman to the all male board room. >> you sit there because you deserve it. and you have the merit and qualified to do so. it has nothing to do with the fact that you have a skirt on all day. cheryl, i wouldn't want to be

handed anything as a woman. we worked too hard to prove how smart we are. don't hand it to the woman unless she deserves it. >> wayne, you think a public company should be pressured like this? >> it is a free market. buy the stock or sell the stock. it doesn't matter. they happen to be an institutional investor and institutional service. iss have certain rules. if they want to political size something or make a statement of whether you have a woman or don't have a woman they can do whatever they want to and they don't have to buy the stock. no one is compoling them to buy the stock. zuckerberg can appoint who ever the hell he want to and say to them go fly a kite. >> cheryl stamburg is the one that is running the company. she's's woman. does she have to put it on the

board to make it fair? >> no. she is one of the best. facebook proves that. it is shameful to me that tech companies. it is like tech geeks put up a sign and said no chicks allowed. i am for shareholder value. but the only people who are qualified are white males to be on the board, i have to disagree with that. this is the year 20111. i am not for forcing women in but opening up opportunities that are not there on silicon valley. >> we are presume thag he discriminating to begin with. >> yeah. >> but christian, at the same time do you think that the board if they made that move would it be a good public relations move? >> it would. 60 percent of the facebook users are women. it makes sense to have female representation on the woored

and suggest that there are no qualified woman is a farce. >> no one said that. >> this is a private choice. why does he have to do this? >> he doesn't have to do anything. >> okay. >> but you as an investor has the right to tell them. and this is a powerful, powerful name. an investment. >> yeah, if they to wayne's point make a choice to buy the seller's stock. we need a woman on the board is an insult to business women and female business women. it likensy woman to a barn yard animal where they all think alike. and like -- it is terrible. let someone's race or gender, that is least important thing. get meg whitman. >> and robinson a private decision among the private shareholders. it is year 2011. they are qualified and being

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last year federal program came out to issue phones to low income people. we can't keep the lights on in some states and people are getting phones. the whole thing is abuse on your dime. >> wayne. >> corning glass makings this stuff that goes in the cell phone. it is a long-term hold and came down sharply this last year. buy it. >> john layfield. >> walmart greeters phased out. it is still a great company. >> i