. >>> here is tim carney with the daily rent rant. >> hello pl.are getting bigger when the rest of the economy is still struggling. the 2010 law that was supposed to restrain the big banks was called the dodd-frank bill named off its sponsors senator chris dod and congressman barney frank. guess what? top staffers for dod and frank are now consultant at lobbying firms working for the biggest banks. you see, after congress passes any bill, it's up to the officials in the executive branch to implement the law by writing detailed regulations. dodd-frank gave huge lead way to agencies with be sec, treasury department and federal reserve on just how to write the new financial regulations that the bill prescribed. so the big banks and financial consultant did exactly what you would expect them to do. hired out the congressional officials who wrote the bill. for instance, amy friend was a general council ever the senate banking committee during bailouts and dodd-frank. senator dodd thanked her repeatedly from the senate floor for her work on the bill. in

in tim carney's opinion, the story was being behind.h the handling of every story. >> hear the story about the weird didn'test in poland dumped by her boyfriend and took the revenge by pulling out all his teeth. might have read it in the "l.a. times," "new york daily news," "new york post," fox news, "huffington post." a reason it sounded too good to be true. a polish television station says it was a hoax. ouch. >>> this one's weird but true. the houston chronicle fired reporter sarah tress letter after the rival houston press revealed that she works on the side as a stripper. oh, and she writes a blog, diary of an angry stripper. she has filed a discrimination complaint against the chronicle and hired gloria allred. >> i don't believe that i should have been terminated because of a claim that i did not disclose on my employment application that i worked as an exotic dancer. there was no question on the form that covered my dancing. >> cot chronicle just have been red-faced over her outside employment? >>> as the new york rangers were t

someone like jamie dimon to step forward, say the same things simon johnson says, say the same thing tim carneys bank is too big, i'm getting embarrassed. i'm start to go drink vodka and i have to explain to my wife, let's go back to the good old days when you had requirements. probably fantasy land, but he would be the guy for the job. >> that's the real point. it's not that jamie dimon or jp morgan were a bumplg nch of boneheads, i wish more people would speak like that, "we made a mistake." these risks they're taking, the positions they're putting on, so the answer is, it worked for 70 years. let's bring it back. >> gambling over here, banking over here. >> we have to go. nice to see you. hang on a sec. you know what, i was going to go to commercial to see what's going on, but then we get the two-minute warning from the president saying he's coming in two minutes. i'm not going to go to commercial. >> jamie dimon on the fed board reminds us that the federal reserve is there to preserve the safety and soundness of banks, which is a good thing, except some people think when we have regulators,

you know, tim carney hit it on the head in "the washington examiner" last october when he wrote this -- he said, quote, nearly every republican voted against president obama's stimulus in 2009 arguing that the deficit was too high, the government shouldn't be in the game of picking winners and losers and that washington doesn't create jobs. but the e.d.a. adds to the deficit, picks winners and losers and purports to create jobs. if republicans vote to continue the e.d.a., they flaunt their hypocrisy to critics. i have to agree. i appreciate that the appropriations bills are making incremental improvements in the status quo. but these are times that demand much, much more than that. when members vote for these appropriations bills, they become responsible for the spending in them and for the waste in them and i for one do not intend to explain to my constituents that a culinary theater was worthy of $2 million of their hard-earned taxes. this spend something simply gran with little if any accountability this ought to be the poster child for waste in government. i appreciate the fact t

carney say we're not going do is again. you say, well, mr. president efficient debt limit expires, you kind of are. they have a little power over this. tim geithner, the treasury secretary said yesterday essentially the speaker's threat is largely hollow because we have some tools and if the debt limit expires in late november or december, we can-- we can-- we have some tools in treasure tow extend things out. this may come after new year's and maybe it won't come down to a debt limit showdown. the speaker says he don't have to wait until the last minute. we can talk about this now. we can be responsible. yes, the republica wanto have the discussion now. that doesn't mean the. president is going to take the speaker's bait and debate it over the summer and fall and tie it to spending cuts. i don't think so. >> woodruff: let's talk about the substance of this. what the speaker is asking for, only spending cut to match the increase in the debt ceiling. when you talk today, as i did to deficit hawks, people who care about the debt and deficit, said to do that is realistically difficult. you stay away from defense, you have to go to programs