barney's a little scottish terrier, little tiny guy who i adore, and putin kind of dissedr him. [laughter] and i then, and then putin kindly invited us over -- and he was a gracious host, by the way -- he said, would you like to meet my dog? i said, sure, and out bounds coney. huge dog. and he says bigger, faster and stronger than barney. [laughter] yeah, he changed. >> he changed. you had a day that changed your presidency too. >> yes. >> you were in florida on the morning of september 11th, 2001, it took you a while to get backy to washington.ur >> it did.f >> can you tell us something about what it was like to beingt president of the united states that day?ha >> my role became clarified. st the priority of my administration changed from no child left behind or tax cuts or economic growth or dealing with the dot.com bust to protecting america. and when andy card said the second plane has hit the second tower, america's under attack, i was staring at young children.ar and my first reaction was angert and then my role became clear. the contrast between the evil of the attackers

i hope it will be. >> congressman barney frank, thank you for your time.ht now. i greatly appreciate your coming on the "news nation" today. >> you're welcome. >>> i want to take you back to capitol hill. charlie rangel is back in the hearing room. we're waiting to hear the final decision by this ethics panel. >> that refers to one party as much as the other. that being said i think the people of this country have an abiding sense of fairness and justice. while they want to see their institutions protected, they also want to see justice done. and i think that's a very important matter to most americans that i know. while it is easy to sit in judgment and criticize, it's a bit more difficult to actually find justice, and we've got to in this çcase, since this is a hearing on sanctions, it's very important that we find justice. and it's justice to the institution. it's justice to the people of the country, but it's justice to someone who has been accused and found guilty. that being said, i would like to ask council -- it's my understanding based on some te

you use here. >> barney frank is on balance a very good guy. he's a politician, though. he's a politician. may i note that about 24 hours after they failed to save lehman they managed somehow to find some reason to give a.i.g. $85 billion. >> rose: what was the difference? in their mind? >> well, that's a very good question. i would love to be henry paulson's psychoanalyst. there have been... supreme speculated. there's a long list of potential explanations. the only one that we're fairly confident has no real force is the one that they officially gave; namely, that they couldn't in fact, save the company. >> rose: in fact paulson has said now, according to a column by andrew ross sorkin that if he had the authority that is now in the financial reform bill he could have done it. >> well, it is now true that there's an official above-board comprehensive way to take over such institutions. but, in fact, there were 28 things that they could have done. lehman had already asked, for example, to be given status as a bank-holding company. they had ref

comes a big dog he said bigger faster stronger than barney. [laughter] he changed. >> host: you had a day that changed in your presidency the morning of september 11, 2001, it take awhile to get back to washington. can you tell us what it was like to be president of united states said day? >> guest: marvell became clarified. the party of my administration changed from tax cuts toward dealing with the.com bust lawyer knows of left behind and when they said the second tower has been an american is under attack i was staring at young children. my first reaction my role became clear. the contrast between the evil and the innocence it was clear my job was to protect. i put in their everything after that, the decisions i made many due to that attack that day. i tried to get home and urged not to come back. we flew around the country with two stops louisiana and the rest of 4:00 in the afternoon i said i am going home, we're very uncertain about other attacks by sure wasn't going to give a speech from a broker in nebraska i would not give the enemy t

as he says with a twinkle in his eye, bigger, faster, and stronger than barney. >> you had a day thathanged your presidency. the morning of september 11th 2001, it take you a while to get back to washington. can you tell us something about what it was like to be president of the united states that they? >> my role became clarified. the priority of my administration changed from a child left behind are tax cuts or economic growth in dealing with the dot com lost to protecting american. when this second plane hit the second tower we are staring at him children. my first reaction is anger. then my role became clear. the contrast between the evil and the attackers, children, made it clear my job was to protect the best record. i put in there that everything after that, the decisions i made , many of which were due to the attack the day. anyway, i tried to get down. frankly, urged not to come back. my instincts are to get back to washington. i flew around the country with two stops, louisiana and nebraska. i finally said i'm going home. this is services don't go. people a very uncertain ab

i will go out on a limb and say most homosexual men don't want to be pat down by barney frank. bad example. >> having said this though, i have to say i am one of the few -- i don't think i can separate. if i was a tsa person and i was looking at the people going through, i would be one of the guys that is moving around to see i get matched up with a person. i do that when i am buying salad. i don't want the guy that talks to me, so i always try to -- i always move in the line and i end up with the guy who can chop the bacon really quick. i would do that at the tsa. i would say, here comes charro. >> you are so getting your salad spit on by the talking guy at cafe metro. >> you are assuming that every fourth tourist is somebody you would want to touch. >> that's an excellent point. no one at j.f.k. looks like they do in a taiwanese animation. none of them do. >> i would like to frisk myself. i would think that would be interesting. i have nef tried it. >> my arms are normally short. i want to talk to you. you are the businessman here as pointed out by your pinstriped shirt jacke

that people on the extreme left of the party in the house, people like henry waxman and i believe barneyfrank also today coming out for steny hoyer. so this is not breaking down along the lines of blue dogs for hoyer, which some people thought it might and liberals for jim clyburn, is it? >> no, not at all. that reflects what the rank and file members have told us, there's a desperate want for a guy like steny hoyer to be in the leadership because it balances out the house democratic leadership team. understand that a lot of the folks who were all about nancy pelosi coming back were the progressives and the liberals. she's a hero to them for what she can do with cap and trade and health care and financial regulatory reform. but they also understand that heading into what will be a contentious election year in 2012, if the face of the party is pelosi and clyburn, two more of the left of center folks and steny hoyer is kicked to the curb, that might not resonate well with a lot of swing voters in places like ohio, like pennsylvania, like virginia. those are the type of places where a lot o

joining us now, democratic congressman barney frank. thanks for joining us. >> you're welcome. >> today is a good news day. you know, the calculation of about 1.4 million jobs saved because of the bailout of general motors and the collateral industries in the auto sector. is this an example that you can now use to say, look, our theory of government intervention works and when the tea party screams about cut, cut, cut, you can stand up and say, wait a minute. here's proof that these things make sense. >> yes. you have a good argument by warren buffett. it's not a paradigm that it's something you want to do all the time. this was an emergency response but what it shows is the intersection and the interaction of the public and private sectors. people who think it is a war of public versus private are wrong. there are roles for both. the best proof was ford which was not itself facing bankruptcy which was not going to be asking for any of the money was a strong advocate for voting the money for general motors and chrysler which was the sup

the daniels duca kis party. >> simon has done the windows and barneys and they're on the theme of food fashion. >> food and fashion, you see, because here's food, here's fashion. people think they're mutually exclusive. we decided to bring them together, finally. >> are we talking spam dresses? >> pastrami skirts. the chefs are depicted in the window, hurling food at each other. >> thank you all for coming. next time, bring the food and the fashion. all right. >> "larry king live" starts right now. >>> thanks, larry. thanks for watching everyone.

people like barney frank are now in the minority position. there is going to have to play not only defense, but actual offense. they cannot just sit back and find ways to stop republicans. the best case will be an offense, because it is clear what they want to do. mitch mcconnell said that the single most important thing is to make sure president obama will be a one-time president we have a similar sentiments expressed on the other side of the capital. they have to be prepared to fight back. >> what about harry reid? >> he just squeaked by, and i still think he may have a challenge. i don't know if it is from truck schumer are not, but he still has a challenge. the house is not like the senate. the minority doesn't really have power. the only power the minority has in the house is to pound the table. republicans have always been good at, and democrats try to govern and not counted they better start pounding. >> no, no pre i don't think pounding the table is what americans want. they voted against nancy pelosi and obama because they felt that

several top democratic chairmen including names like barney frank, ed marky and waxman designed -- signed a letter saying they're going to support hoyer for minority whip. last week, jim clyburn announced he's running from minority whip. that will raise eyebrows. while she's remained silent, pelosi backed the late congressman john murtha of pennsylvania when democrats took over the house and she became speaker. higher stayed in the race and won that contest but there have been questions over who exactly nancy pelosi would like to see in that number two spot. the bottom line, though, we talked with with folks and higher's plea believes strongly that they have the votes and they think they will be able to for steny higher. >> outside of this leadership race, maryland lost the top spot on the democratic congressional campaign committee. what are chris van holland's plans for the future? >> that is a mystery. the past two cycles, he's been running the dcc, the democratic congressional campaign committee, travelling the country back and forth and raising money for all sorts of candidates, maki

the daniels duca kis party. >> simon has done the windows and barneys and they're on the theme of foodhion. >> food and fashion, you see, because here's food, here's fashion. people think they're mutually exclusive. we decided to bring them

it's unknown if barney was the intended target. >> a a fatal crash on the kennedy expressway in the predawn hours. a 21-year-old woman crashed into a guard rail at 4:00 am. her car kept rolling and hit another car before smashing into a wall. the force of the impact threw her out of the car many rescuers did have trouble locating her body, but it was eventually recovered. there is no word on how she lost control in the deadly incident. >> a dozen children and two adults involved in a rollover crash on the eisenhower expressway. early afternoon wreck brought 10 ambulances to the scene. nine people were taken to the hospital. a woman is facing charges of child endangerment in connection with the crash because at least one of the children was not properly restrained. >> there is a new restaurant on the randolph street corridor putting a modern twist of on vietnamese food. >> our critic is there to check it out. it's great. i eat anything that i want. key lime pie, pineapple upside down cake, raspberry cheesecake... ...yeah, every night its something different. oh yeah yeah...she always keeps t

. >> barney holiday, i know, and ran into my leg and then i had like a horse, charlie horse in my thighatever and i knocked him back and i thought i heard the whistle. and kind of like stayed there for a second and got in myself and i looked up. and i looked and he throws the ball for a touchdown and that was -- being taken out by my own team mate. >> albert, big albert, said sometimes he wishes he was still in tennessee and wizards over the raptors last night and are at boston tonight. light go back to you. >> and i think the fans wish he was still in tennessee as well and that is a different story, i guess. >>> you have the news edge. the news is all on www.myfoxdc.com. back here at 10. the news edge at 11. hope you will be, too. we love you, albert.

people like barney frank are now in the minority position. there is going to have to play not only defense, but actual offense. they cannot just sit back and find ways to stop republicans. the best case will be an offense, because it is clear what they want to do. mitch mcconnell said that the single most important thing is to make sure president obama will be a one-time president we have a similar sentiments expressed on the other side of the capital. they have to be prepared to fight back. >> what about harry reid? >> he just squeaked by, and i still think he may have a challenge. i don't know if it is from truck schumer are not, but he still has a challenge. the house is not like the senate. the minority doesn't really have power. the only power the minority has in the house is to pound the table. republicans have always been good at, and democrats try to govern and not counted they better start pounding. >> no, no pre i don't think pounding the table is what americans want. they voted against nancy pelosi and obama because they felt that

>> barney. >> barney and you. >> yeah.hat's good. >> i'm number one with schnauzer s. we asked people to send e-mails and i promise to do ask two. christopher from washington, d.c. asks, as a marine who worked with president bush for over three years with marine one, i would like to know what your final message to the military would be. >> well, to the marines, semper fi. to the chopper crew, i now know what a traffic jam feels like. but to the military it's, i admire you and i appreciate your service to our country and so do most americans. >> that's good. last from crystal river, florida, writes during your eight years in the white house, which person were you the most excited to meet? >> i'm met a lot of exciting people. it would be a group of people. i really think it's when i flew to baghdad, when i wore that jacket. you know, i was flying into a war zone and we liberated 25 million people. i walked out from behind a curtain and the troops there had no idea i was there. and the response was very emotional. emotional f

they're very bigoted president of the group peter le barbour said most traveling men wouldn't want to barney frank to pat them down and neither would be fair to assign ellen de generous to pat down female travelers come on are those the only two favors gay people the barber could think of first homophobic press release his news release went on to say that the t.s.a. as a federal agency is barred from discriminating on the basis of sexual orientation thanks to a pro homosexual executive order signed by president clinton in one thousand nine hundred ninety eight as if that was wrong where do i begin with this apparently a barber and his organization think tank or think that all gay men and women can't control themselves and they're around so many of the same sex how many times a day are you hit on by a gay person because from the looks of la barbara i'm going to bet not that often he also claims the gay t.s.a. workers might grope the flying public while a yes that's what they're doing is they're groping people because that's what they're being told to do but it kind of sounds like somebody has

is state -- like barney frank is going to walk in a v.a. hospital. or they cut theirs.ch is better? combination of the. two cut their salaries. you can rise up and make that happen. it was veterans day yesterday. in new york, the soldiers were here. the veterans had a parade. i'm always interested to see new yorkers. especially those on central park south. react to military. but it's funny because even those who don't like the military, we're just so -- whatever. they are the first ones to stand on the roof with signs saying help, help, help. our troops are amazing. they are fighting wars overseas in spite of what we're doing in washington. they are fighting those wars and they're fighting them h hon -- mhonorablhonorably. but not much credit is given to them for what they do in our basic lives. every single day, most of us don't realize. you will now. take a look. ♪ ♪ >> we can thank our u.s. military for a lot more than fighting our wars, keeping us safe and defending our freedom. since this country was born, member of the armed forces helped build and maintain our in

came charging across the lawn with a twinkle in his eye vladimir said bigger, stronger, faster than barney. bush says he later told the story to the canadian prime minister who later replied, quote, you are lucky he only showed you his dog. the breaking news we have been covering in the show. the verdict in the trial of the man accused of bombing two american embassies during the clinton administration. we'll talk about how it all could effect the administration plans going forward with the fox all stars next. >> bret: just moments ago ahmed ghailani, the first guantanamo detainee to face a civilian trial in federal court in new york was acquitted of most of the charges. in fact, cleared of 284 other counts. he was found guilty wednesday, today, of conspiracy to destroy buildings and u.s. property and tied to the attacks and destruction on two u.s. embassies in after africa in 19. the fact that he was acquitted of 284 counts, the terrorism charges is a major setback for the obama administration as it tries to move forward with plans to try the 9/11 terrorism suspects and detapeees being he

fannie and freddie, barney frank, they have twice as many foreclosed homes as they did this time lastca, we have an historic choice in front of us. do we open our eyes or do we keep burying our heads in the sound? do we end the book called america or turn the panel and begin a new chapter? i told you, 40 day and 40 night challenge. please take this. we can't be the people who are angry. we can't be those people. we got that covered. we have to be the people saying thank goodness you're here. we have to count on faith, hope and charity from each other. from each other. we don't need a billionaire to activate it. we activate it in ourselves. ú?xxÑñ?

and now big endorsements for hour like henry waxman, barney frank and on the other hand the cbc, congressional black caucus coming out for clyburn. he's the highest ranking member in the house. what kind of a battle is there? >> i think there is a chance they reach a deal where hour will be the whip and clyburn will be the number three and then at the end, whether it's chris van holland of maryland or john larsen of connecticut, when the music stops there will be only so many chairs and somebody will be sitting without a leadership post. but you think they'll reach a deal where they avoid this type of battle. but if they do. you've sign it. cbc and waxman, everybody is on different camps. and some are saying the republicans are in denial. they feel like the president doesn't get it yet and some conservative democrats are saying that. >> pelosi has not endorsed either man? >> no. i think she's stayed neutral. and the race would be decided next week and they would come back in the lame duck and vote and she would stay out of it. and some of her constituents have backed hour so i don't think she

did you see my interview with barney frank when i called him a coward?> well -- >> bill: because he had direct oversight of fannie and freddie. >> it's like saying how's come you didn't see sheisters like madoff ahead of time. >> bill: that's different though. he is a private guy and wall street is dealing in the public sector. here is my problem. >> okay. >> bill: americans are losing confidence in their government. we saw that with president obama in the last election. >> i hope they don't lose confidence in their government. can i see why they there is skepticism. the only government we have got. >> bill: you say in your book that you had to bail out the companies. and then president obama picks up your theme and says almost the same words "i had to continue spending because we would have got ton a depression." so you and president obama simpatico. the problem is that there is $5 trillion added to the debt in the last three years from 2007 to 2010. >> all i can tell you is when i left office, the debt g.d.p. ratio was lower than president 42, presiden

but in the past few year, barney lost more than 1/3rd of her membership. >> the economy, rent, the overhead of running the gym, it's very expensive. >> reporter: in december, the co-ed gold's gym is taking over. many members are not happy. >> if i'm going to wear my old clothes i don't want to be having a guy watch me. >> reporter: the new owners will bring in state-of-the-art equipment, promise to honor existing members' contracts, and, of course, bring in male members. a woman's only gym isn't just about being shy near men. in some cultures, working out with the opposite sex is forbidden. >> yes. we have a big muslim group that come, ladies that come. and so need to be with women only. and i'm very proud that we can, you know, give that to them. i'm just heartsick that this is happening. i really am. >> reporter: the women's only club was particularly comforting for vivian jordan. >> my older daughter died two years ago. and those women saw me through a really rough period in my life. >> reporter: female bonding will have to move to the one remaining kathy's health club in san ramon. in p

came charging across the lawn with a twinkle in his eye vladimir said bigger, stronger, faster than barneyold the story to the canadian prime minister who later replied, quote, you are lucky he only showed you his dog. the breaking news we have been covering in the show. the verdict in the trial of the man accused of bombing two american embassies during the clinton administration. we'll talk about how it all could effect the administration plans going forward with the fox all stars next. swing ov those r. took some foolish risks as a teenager. but i was still taking a foolish risk with my cholesterol. anyone with high cholesterol may be at increased risk of heart attack. diet and exercise weren't enough for me. i stopped kidding myself. i've been eating healthier, exercising more... and now i'm also taking lipitor. if you've been kidding yourself about high cholesterol...stop. along with diet, lipitor has been shown to lower bad cholesterol 39% to 60%. lipitor is fda approved to reduce the risk of heart attack and stroke in paents who have heart disease or risk factors for heart disease.

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he had the endorsements of henry waxman, barney frank, ed markey, powerful committee chairmen, powerful of nancy pelosi f steny hoyer is racking up the old members of the democratic party progressives, blue dogs, as well as he has been up here 30 years, looks good for him so far. >> james clyburn would be coming to the position with the backing of the congressional black caucus. that is not insignificant? >> no means at all that is over around 40 folks, who knows they all break for him. that being said it illustrates a clear division in the democratic party a lot of party leaders do not want in the front and center. what does it illustrate? essentially have an african-american going against a modern conservative, democratic conservative leaning democrat, a division that they don't want front and center because it shows disunity within the caucus. look, democrats routinely are often blasted by the gop for not being organized, for sort of winging it on a lot of things and certainly don't want that out there in front of everybody. i will say that the interesting thing going forward though,

barney frank intervened because there was a manufacturing plant in his district in massachusetts that they were going to close and barney frank suggested that would be an unwise decision especially considering the gm ac -- as far as i know that manufacturing plant is still open. we talk about the state of the american auto industry but it is not quite that simple. honda dealerships, toyota dealerships around the country are owned by americans as well and one report from a honda dealer who was upset about the money given to gm was used to subsidize the purchase of gm cars and basically he was finding the american government was subsidizing his competitor and thereby harming his own dealership which was his edition and his employees. it was really just because the uaw wanted them to do it. one of the things assert about this is among the secured creditors who've got least in chrysler work taken to the supreme court. the indiana firemen and teachers union and so the problem they had was they were not as politically powerful as the uaw who got $0.55 on the dollar and teachers got $0.09 on

see the barney colored purple?wfall not just today, but through the weekend into the central rockies. if you happen to be from steam boat springs, we have seen heavy snowfall. take a look at this shot. we have incredible powder up there. it's going to continue for us in time. it's going to be the beginning of a great season for many of the folks. if you have to travel through it, it's going to be a headache for you. as we fast forward into wednesday and thursday, we are expecting another storm to develop, sweeping across the great lakes, to the northeast. it could be heavy, buffalo, cleveland, look out. it could be a rough time. t.j., back to you. >> reynolds, appreciate you. i had to write auburn off, right? >> thank heavens. >> he is a huge auburn fan, but um unfortunately, their stories have not been about the success on the field. it's been about the front running quarterback off the field. you probably heard about this by now, but accused of a pay for play scheme. maybe his father or representative tried to ge

i tell the story about me introducing him to barney and he kind of dissed him., big lab, mounting across the grounds and says, bigger, stronger and faster than barney. it was a complicated relationship. >> brian: did you misjudge him? >> early on you looked -- >> steve: you looked in his heart? >> i looked in his eyes and saw his soul. the i asked him about a cross he had blessed in jerusalem that his mother gave him. >> steve: he was surprised? >> yeah. because he's anticipating strict policy discussion. i'm trying to figure out who the guy is. and i read this piece of information given to me by our intelligence community, c.i.a., and he started to tell the story about his mother, the cross that was blessed and he tells the story about him hanging that cross and they say to the workmen, find that cross. so his whole countenance began to change as he described the workman's hands opening with the cross. when i asked the question, do you trust him, i'm thinking about this guy, how he described that story to me. i said i looked in his eyes and saw his soul. >> bri

and the classic when i introduced him to barney at camp david, barney is tiny. and i met with putin, and he kindly invited us over. said, would you like to meet my dog. i said, sure. and out bounced coney, a huge dog, and he said, bigger, faster , stronger than barney. [laughter] >> yeah, he changed. >> you have a day that changed your presidency, too. your were in florida, the morning of september 11, 2001. took you a while to get back to washington. can you tell us something about what it was like to be president of the united states that day? >> my role became clarified. the priority of my administration changed from "no child left behind" or dealing with the dot-com bust to protecting america. and when i was told america was under attack, i was staring at young children, and my first reaction was anger, and my role became clear, the contrast between evil of the attackers and the innocence of our citizens from the youngest children, my job was to protect. i put in there that everything after that, the decisions i made, many of which are due to the attack that

san francisco niners quarterback troy smith barney yesterday he went for his third straight when theup defeating the niners 21-0. it is the second win ever for a the buccaneers. first time since the '70s that they have been shut out at home. the raiders, they didn't do much better for them the steelers moved the ball easily breaking up 35 points. the steelers defeated the raiders' 35-3. oakland falls to 5 and 5. we will take our break, quick look outside another live look this morning this time from our golden gate kerman it was right as you make your way into work. scattered showers expected throughout the morning and afternoon is still a chilly start. more in a minute. and we're back, 538 m trans american building here's a look from our rich camera live up with their holiday lights, it will be a chilly start this morning and obviously a wet one louisa is following that good morning. >> good morning james, a bit weather in termthe better in tef what weather the weather is not going anywhere just get to mark to be another wet day. as we had mid-week, it looks like we will dry up and

. >> this guy -- my kids at 3 were sitting in front of the television watching barney. the first movement. >> this is the fourth movement of beethoven's fifth. >> you think at 3, he's going to take on the first movement. no! this kid, yes, is taking on the hard stuff. >> he's on cue. >> yes, he is. >> look at this. he goes soft and then, boom and goes soft, and he's in. >> here's the thing. he's still 3. there are few 3-year-old moments here. for example at some point in the movement, the house hold allergies kick in and he's all about his nose, all about his nostrils and the treasures within. >> i don't know. i think jonathan is moving on to great things. >> look. >> oh, there you go, he did wipe his nose. there he goes. >> all about the nostrils here. mom, the allergies, the dust mights too much for me, right? >> dust mites, explosion, falcons/ravens. >> all of that last night. i go to bed a little early, thinking the falcons are going to take it on the chin, right and then we get this amazing comeback. you get this play from joe flacco that puts the ravens on top, an

is not as far as cutting defense spending as his dad congressman ron paul who was on the show we barneyto slash defense spending. >> ron paul has es essentially stopped the waters edge and no u.s. military involvement overseas and rand paul says some military involvement is justified and going after afghanistan after 9/11 justified and it is succeeding or time to come out when you have huge deficit spending and you can't say, we remaking progress, it is time for the conversation. so a global projection of the might that is going to dominate the conversation, and another conversation that is going to dominate washington is where can you find cuts, cuts in spending? and secretary gates knew it was coming and he got out already saying that he knew they had to do some cuts and the president commission doubled what gates wants to cut, and some republicans say no way, but that is the fight in washington. you can't, if we have a big conversation and everybody has to give, that includes the pentagon. >> but it is easy, wolf, to say, let's do 10% across the board, and that is the easy way to do

just by reading the president's words about cleaning up after his dog barney. >> there i was, the former with a plastic bag on my hand, picking up that which i had been dodging for the past eight years. >> well, only a couple of days

see you at 920 time, barney & company -- varney & company, fbn. martha: a startling revelation in the wake of a plot to send bombs on a fedex and ups jet. we remember these startling images a couple of weeks ago. we're finding out the government has known for years, even decades in some cases that terrorists could sneak bombs on cargo planes. they were expressing a concern about this. but they failed to close some glaring security holes under pressure from shipping companies who were fearful of exorbitant security costs and delivery delays. as a result of that. greg palkot has been looking into this, live from london. what are you hearing about all of this pressure from the shipping industry when it comes to protecting our cargo? >> reporter: yeah, martha, following that foiled mail bomb plot, there is new attention being paid to what the government has done and what it has not done to stop terror packages coming to the united states, specifically the explosive devices from yemen were shipped by fedex and ups and they were only snagged in the airp

barney frank suggested that would be an unwise decision. that is especially considering that gmac follows under his jurisdiction. as far as i know, that plant is still open. we talk about saving the industry, but it is not that simple. honda and toyota dealerships around the company -- country are owned by americans as well. one honda dealer was upset about the money the government gave to gm being used to subsidize the purchase of gm cars. he was finding the american government was subsidizing his competitor and harming his own dealership. the uaw wanted them to do it. one thing that is absurd about this is that among the secured creditors who got fleeced in chrysler were the indiana firemen and teachers retirement union. the problem they had is that they were not as politically powerful as the uaw. the uaw got 55 cents on the dollar. the firemen and teachers to 29 cents on the dollar. i wrote an op-ed where i said this is the kind of thing that hugo chavez would do. i got an outraged emailed from a lawyer in new york and said it is an ins

the government got nearly $12 billion of that, and last night congressman barney frank weighed in on's working out. the bank piece of the t.a.r.p. we got more money back than we advanced to them because we wrote into the bill requirements that there be some payback, but at a time when unemployment is high, good news is a hard sell. >> "parker spitzer" every night 8:00 p.m. eastern here on cnn. >> veterans of the u.s. military now locked in a daily battle to survive. today we will show you how one program reached out to our homeless vets and reminded them that they're not in this fight alone. choose one of three premium seafood-and-steak combinations... all under $20. get succulent lobster... paired with our eight-ounce wood-grilled sirloin... tender snow crab legs and sirloin... or new chardonnay grilled shrimp and sirloin... all with salad and unlimited cheddar bay biscuits. three new surf and turf combinations... all under $20. only for a limited time, and only at red lobster. you don't love me anymore do you billy? what? i didn't buy this cereal to sweet talk your taste buds it's

speculation that the democrats were in the minority and barney frank might be open to leaving the house. what are your thoughts about not only his possibly moving on into another position but what challenge this poses to the democrats since maxine waters has some ethics issues within and presumably in line to be the ranking member. >> i do not think he is going anyplace anytime soon. dick may not agrree. -- agree. members of congress of hate voting on financial issues. they do not understand it, they do not know anything about these issues than they do not want to vote on this again. i do not care of their democrats or republicans, they may challenge the regulations, you may have some votes on overriding the regulations but i cannot imagine they will revisit that bill. that is the last thing they want to spend their time on. >> it gets back to jimmy buffett. you have to learn from the wrong things you've done. we see a pattern going back to several congress is. haste makes waste. we do not need to do their rigorous work. >> before he goes off to some summit meeting. >> if you take tarp,

i'm thinking is not just want -- ron paul, but of all people, barney frank, who think we can cut thedefense budget in half if no longer accept the responsibility of defending the you -- the eu, who are never reluctant to tell us how much smarter and richer they are then we are. i spent 25 years as an auditor in the department of defense, and i can tell you that mr. frank's number is right on. we spend at least half of our defense budget maintaining the resources necessary to keep our promises to nato. if we are no longer responsible for risking nuclear war for the sake of france, germany, and poland, we could reduce our defense budget considerably. guest: i think we are likely to hear more about that in the coming years. why is the u.s. still so heavily invested in the security framework of europe when they are no longer the central threat to the united states? we are seeing an end of the post-cold war era. we are seeing institutions built in the aftermath of world war ii stretched to potentially their breaking point. there is an effort to produce a nato-strategic framework to addres