attorney carter phillips represented fox television stations. patrick trueman filed a friend- of-the-court brief for focus on the family and family research county -- council. >> from the u.s. second circuit court of appeals decision this week, we now hold that the fcc's policy on indecency violates the first amendment, because it is unconstitutionally vague, creating a chilling effect that goes far beyond the fleeting expletives at issue here. carter phillips, you were the lawyer for fox television station. what is the net effect of this decision on in decency? >> i think it takes the law, essentially, back to pacifica, where the supreme court said -- the carline decision -- what it basically says is you should be looking for that shock treatment, repeat statements, as a basis on which to enforced indecency. the second circuit would not have the authority to overrule what the supreme court has said. from that point forward, what the second circuit says is that what the commission has done is so vague and incomprehensible that it is not a basis

we will talk with carter phillips and patrick trueman, who filed the brief on behalf of the american research uncil. and now, remarks from karen mills, the head of the small business administration. she spoke -- spoke last week. we will show you as much as we can of this before the house at 2:00 p.m. eastern. >> i particularly want to thank chairman bernanke and the whole staff of the fed for the partnership that we have built that you just heard described. several months ago the fed approach to the sba about holding 40 roundtable. i guess john has been busy traveling. all around the country with small businesses and lenders. we were very happy to be part of this. if we were able to attend. we were able to help organize. we were able to hold conference calls with bankers and bank examiners in the field to explain what all of you know, which is how the sba products work, and how they can help in this particular situation and help provide the loan guarantees that we provide, which do not go against some of the ballot sheets. that was a very important piece of information and understand