congressman michael grimm he introduced a bill that would repeal the whistleblower protection part of doc frank and his plan would reduce rewards for rewarding on fraud but also force employees to report any possible crimes to their supervisors first before notifying the f.c.c. think we all know what happens when your reports of the in your supervisors they ignore it they tell you to ignore it or in the worst case scenario they punish you for reporting it so consumer groups say this is just an attempt to silence whistleblowers and congressman grimm has three other g.o.p. lawmakers helping push the repeal of this bill and a nice little tidbit as think progress noted today grimm is a favorite of big banks when it comes to campaign cash according to the sunlight foundation graham raised two hundred twenty two thousand and three hundred fifty dollars in the financial sector which amounted to twenty four percent of the total money that he raised for his campaign and the bank friendly g.o.p. lawmakers have turned to yet another trusted friend to help them attack whistleblowers that would be fox news.

extension fiasco but how about all that stuff that they haven't take for example if you elements of doc frank the other day we mention the for the second time regulations on derivatives are being postponed to the point where it's going to be two years after legislation was passed and yet none of those new rules will take effect so let's get more about it here or let's hear more about it or discuss it with me is lauren lyster the host of the capital account on our t.v. lauren thanks for coming back on we started reading we having this discussion earlier this week and some on fox news on the program with you too but we kind of ran out of time and i feel like this is a really important element to get into because suddenly when the when the entire economy was crashing this were derivatives popped up that nobody knew what it was and they were i guess you could say pigeonholed as one of the main problems and then still two years later you know derivatives regulations true but this is what i think is the really interesting thing about this ok so this regulation has been delayed and kind of at the cr