ornstein international policy analyst at friends of the earth janet karen welcome to show things so you guys are proposing something called a robin hood tax so what exactly is that janet you have a robin hood tax otherwise known as a financial transactions tax or financial speculation tax but the tiny tiny tax on each day of swaps stocks futures other forms of derivative financial instruments that's making it a little bit less lucrative to make those kinds of trades but raising a huge amount of money get us a tiny tiny tax so it hits the high frequency trades a lot but not general trades that you and i would be doing you mention those high frequency traders that some huge percentage of trades right now are done by robots and we solve the kind of dangerous effects of that back in two thousand and ten when there was that flash crash in one day. so aside from curbing bad behavior like that and this is what i talked about in the intro of the speculation i mean how much money are we talking about that could be raised. to help. make those re investments that we n

karen cooper on the right to free representation, sunday at 9:00 on "afterwards." on c-span 2, but tv. >> "washington journal" continues. host: homeland security secretary janetitano will be testifying and immigration reform in just a little while before the senate judiciary committee. we will bring that hearing to you live, scheduled to start at 9:30 eastern time, but before that we would like to take your calls on what you hear from the budget what you would like to hear from the homeland security secretary. for democrats, 202-585-3880. for republicans, 202-585-3881. for independents, 202-585-3882. , thery on fox news republican senators skeptical of new immigration legislation and of the obama administration policy record on border security are getting a chance to question homeland security secretary janet napolitano. she will appear today before the senate judiciary committee on a third hearing for a bipartisan bill to strengthen security and create a path to citizenship for the 11 -- 11 million people who are here illegally. her appearance was canceled last friday because of the boston marathon bombing. her appearance comes after a daylong hearing yester