and renowned attorney alex sanchez joining us out of new york. what about it gloria? >> well, legally speaking, she is the parent of the older two children and that is a matter of law and if she fought for custody, she would have the legal edge and so she has leverage in settlement negotiations. >> what about it, raymond? >> that's why she keeps getting more money. she's got leverage. there's a presumption in california because of her biological parenthood. >> alex sanchez, what about the fact that she has repeatedly relinquished rights. is she in any position to really put up a fight now? >> i think she is because michael jackson has died. circumstances have changed drastically and now that he's died she has a claim and i think it's a legitimate claim and she should go forward with that claim. ♪ >>> rowe waived her parental rights in 2001 telling a los angeles court, quote, they are his children. all part of an $8.5 million settlement in which the pop star got full custody. >> a dramatic twist in the fight for michael jackson's kids. "the new york post" is reporting

alex sanchez, president of the florida bankers association, was on the hill to raise his concerns to congress and the fdic. both join me now to discuss it. gentlemen, good to have you on the program. >> maria, good to be with you. looks like -- >> great to be with you. >> you've done your job on the market. i hope we did our job in washington. >> i hope did you too.o. i want to hear all about it. what was your sense of the hearing today?y? >> it was a good hearing. it was a good -- this was the first day, opening shot. so time will tell. i think we're going to get regulatory restructuring. i think we're going to get regulatory reform. in six months i'll tell you if on balance if was a good thing or bad thing, but i think we're going to get reform. >> i want to ask you about the consumer protection agency in a minute. but earlier today i was on the phone with roger ferguson, the former vice chairman of the federal reserve, and he voiced some concerns that as part of the financial reform we have not seen an insurance charter. he also felt that some of the agencies should merge, like th