i'm still barney, i'm not a congressman. >> so just barney from the block. let's talk about this provision, and if you can explain it in sort of lay terms, what does it do now, why is it important and why do the banks want to get rid of it? >> we had an amendment offered by senator lincoln from arkansas -- i must say originally, i thought it went a little too far, but we worked on it in conference in public with a lot of discussion of it. and it essentially says that banks -- it already limits what banks can do with derivatives and other risky financial instruments with their own money. there is some leeway, though. what this says is if the banks want to do these particularly risky transactions with derivative, they have to set up a separate subsidiary. remember, banks get deposit insurance. we did, i think effectively say that an institution that fails will not be bailed out and kept alive, it will be liquidated, but you do have deposit insurance. there's a claim that we have to honor to protect depositors, not shareholders, not executives, but the deposit

barney frank. thank you, larry. a slamdunk. >> no. >> but 57% of our up scientific poll said no, not want to see a hire gasoline tax but 43% that said yes. who knows? >> how much? 57%? >> 57%, i'm gonna take that as a win. >> 57% of this audience, you're in big trouble. >> touche. touche. >> thanks, guys. >>> 24 minutes left in the trading session. >> i wish we could leave them micced up like that the rest of the day. >> i love arguing with barney frank, i really do he is terrific. arm a lot of fun to watch. >>> down 45 on the dow industrials. wall street pro ken fisher talks markets and why political gridlock in washington, oddly enough, may actually be good for stocks. we will explain, plus a few stock picks ready to share for you as well. stay tuned. why do i take metamucil everyday? because it helps me skip the bad stuff. i'm good. that's what i like to call, the meta effect. 4-in-1 multi-health metamucil now clinically proven to help you feel less hungry between meals. experience the meta effect with our new mu

barney frank eventually wore me down. the point where i think that 51 votes should control everything in the united states senate. and barney kept saying, we kept saying all this stuff about tradition and how it works in the senate and cool things off. and barney would just say it's democracy. he just kept saying 51 is democracy. what's wrong with democracy. and i ran out of answers for that. >> well, right now, we have to choose twheen ongoing paralysis, driven by the deep partisanship. people run on the argument that i'll pearl liez the other side and they do it under the existing senate rules. if we accept that, then we're going to accept deep dysfunction. because we simply won't address the high cost of interest rate for student loans or the high cost of college. we won't address the need to have a rebuild america act. in fact, here's the thing. we say we're fighting for middle class america, but if you're in charge eight years and you allow powerful special interest to prevent you from ever getting a final vote on yo

they are trying to figure out how to get rid of barney in the choir. it's a funny episode.couldn't bring it in. your case, you could sing. >> very different, yeah. >> how does that -- i could ask this question of any artist. i remember talking to prince about this how on his love songs, he uses his upper register on his love songs. >> yeah. >> it works best with him. how does your sound influence the music that you write or the music that you -- does that make sense? >> totally. yes. it's a very musical question. i chose, when i started singing other people's music, i just wanted to use my chest voice, the head voice, the really high voice. i don't use that, except for just, like at the end of a song, on a show, to go crazy. mostly, it's that power, that big -- i take it to that level. also a low voice. it's that range that i always work in when i write and perform. it's just -- there's a couple different -- i kind of get out of my comfort zone. one is do it again. it was -- i wrote it with jerry wanda of the fuji's and angela hunt, who was a grammy award winning song write

i haven't seen barney in a while. >> he bit some people, yeah.as crazy about barney though. >> very few weren't, however. >> mr. president, thank you, sir. >> greta, thank you. >> and you have been hearing president bush 43's favorite stories about his father. but up next. i will tell you about one of my favorite moments of president bush 41. you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. test test test hey! guess what day it is?? >>hump day! hummmp daaay! it's hump day! >>yeah! >>hey mike! mike mike mike mike mike! >>mike mike mike mike mike. hey! he knows! hey! guess what day it is! hey! camel! guess what day it is! >>it's not even wednesday. let it go, phil. if you're a camel, you put up with this all the time. it's what you do. (sigh) if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. ok..

i haven't seen barney in a while. >> he bit some people, yeah.razy about barney though. >> very few weren't, however. >> mr. president, thank you, sir. >> greta, thank you. >> and you have been hearing president bush 43's favorite stories about his father. but up next. i will tell you about one of my favorite moments of president bush 41. what you're doing now, janice. blogging. your blog is just pictures of you in the mirror. it's called a fashion blog, todd. well, i've been helping people save money with progressive's discounts. flo, can you get janice a job? [ laughs ] you should've stuck to softball! i was so much better at softball than janice, dad. where's your wife, todd? vacation. discounts like homeowners', multi-policy -- i got a discount on this ham. i've got the meat sweats. this is good ham, diane. paperless discounts -- give it a rest, flo. all: yeah, flo, give it a rest. you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job. because boil

the person who is a particularly good listener is barney frank.ember testifying on issues global marketplace in the post-asian financial crisis, and barney frank really wanted to understand the issue. barney frank, i'm afraid, is sort of the minority, it's been my experience. there is more posturing than real listening. i think we need more real listening to get practical solutions to these issues. >> and we missed the chance -- barney frank, i mean, eight years ago, he suggested a grand barter between the two parties, which is if the democrats can agree to free trade, then the republicans could agree to better social security protection, that seemed so naive and far off in the distance now. >> it's a long way away, but i think we need a conversation where you hearken back to times like that. there were actually times where we could have a conversation by getting things done. >> where do you see republican leadership then? who will republican leaders that can speak to zpems find a common ground, who are they? >> i would speculate as to who those p

. >> then there are times when the interview stops completely to bid farewell to costars like barney hunt. >> come on we're friends. >> okay honey, i'll see you okay. >> bye. see you b. bye. >> she remembered my name. what an honor. >> it's written our your back. >> my name is bob. turn me around and let's talk. >> hello call me bob. >> reporter: there's one sure thing about a robin williams interview. at some point before it's over he'll have something new to say about his hometown of san francisco. >> you find people in san francisco are cooler about meeting celebrities than people in other cities. >> yeah i see them get excited. for years it's like, oh it's the furry boy please. when i was walking down in castro and i used to live near kessler and 19th i was walking down the neighborhood, they saw me walk by and say, there goes the neighborhood. depends on who it is. for me no. they've seen me for too long. but when other friends come they're like, oh. they're not going to go up. they'll be san francisco cool like. i've enjoyed your movie. some of them. a lot of them. but you know

frank, and it's not because barney frank is a beloved liberal, but he used to run the committee, right? it's subject specific. the other one whose name keeps turning out about working the fight behind the scenes, sherry brown, the senator from ohio. it's because brown is about to be the top ranking democrat on the banking committee in the senate. it's a fight about a specific thing. it's not just liberals blowing off steam. the beltway wants the left and right to be mirror images of each other. what is the lefty version of the t tea party. they want the center to be correct and the eupblgs to be crazy and impractical in just the same way. but it's almost never what is going on, and that's not what is going on here. this moment happened accidentally on the show last night. we do it from 9:00 to 10:00 eastern, and then we are on again midnight to 1:00 a.m., and we came back midnight eastern time after the house narrowly averted shutting down the government with hours to spare, and in the midnight show we hd a congressman on from capitol hill. as you can see, he is not in a boy band, this

now it seems like the only one sticking by him are laura, his dog barney, and joe lieberman. now -- (laughter) >> stephen: this is ironic considering mr. bush has always valued loyalty above all else. for four years we as a nation followed the president. we questioned nothing. aluminum tube, saddam's link to 9/11, bush's claim that he really read the stranger. recently, however, recently people have expressed doubts. and these doubts have even infected the administration. take a look at what the president said last sunday on "60 minutes". >> there's a perception in some corners of the country that are you stubborn. >> oh, yeah, well -- >> agree with that, people say that. >> do i agree that i'm stubborn or do i agree that people think i'm stubborn. >> people think you do, what do you think. >> i think i'm a flexible, open minded person. i really do. >> stephen: flexible and open minded? if we wanted that, we would have elected al gore. the fact is -- (cheers and applause) >> stephen: if there is one one thing the american people respect, it is strength. as henrik ibsen a true

the former chair of the house financial services committee, barney frank, released a statement this week calling this inserted provision a, quote, substantive mistake, a terrible violation of the procedure that should be followed on this complex and important subject, and a frightening precedent that provides a road map for further attacks on our protection against financial instability. he continues, ironically it was a similar unrelated rider put without debate into a larger bill that played a major role allowing the irresponsible unregulated derivative transactions to contribute to the crisis. he he's referring to the crisis of 2008. he's warning us, he's imploring us don't make the same mistake twice. our national economy cannot take this risk. madam speaker, i ask unanimous consent to insert this article from the "wall street journal" from december 10, 2014, entitled, quote, barney frank criticized plan rollback of his namesake financial law, end quote, into the record. the speaker pro tempore: without objection. ms. slaughter: thank you. for these reasons and several others, democr

>> barney frank said it was like my bar mitzvah. [laughter] you know, i made this decision, which i think was the right decision, even in retrospect, to go out and lay out this framework for the next stage of our strategy at a pretty early time when we did not have all of the details. people were filling the vacuum with ideas and expectations for what we should do which we were not going to do, and i needed to suck the hope out of the air about some of the stuff they wanted us to do and have a device to try to force an end to the debate internally. you can debate things forever because it all sucks if you let people argue forever you will never decide. i made a choice to go early with the general framework, not enough details. a lot of things were scary. this dress test, the device we used was something people never heard of before. it was alarming because most people living with the hope that the government would come in and go buy from these banks a bunch of these bad assets as a way to keep them alive. i know it sounds inexplicab

. >> reporter: the house passed it to eliminate it with 27 democrat and barney frank co-sponsoring thee. the president would appoint 15 people who would limit increases in medicare spending to one percent faster than economic grow and the law reviews the decision by congress and courts. two republican senators wrote in the wall street journal that ipab is an administrative agency whose actions could not be checked by and that shreds the separation of powers that is fundmental to the constitution. the goldwater institute is asking the door to look. >> they can ration care and levy taxes and set price controls. >> the supreme court of the united states needs to defend its branch of government and say it is not proper on this measure to have only one branch of government making decision. >> reporter: it could only be changed bo a three- fifths majority vote in the senate and rationing is not defined. >> if they set a price of a life saving surgery so low that the doctor would not perform it. would that be rationing care? >> reporter: that's why it is called a death panel. and none of the

he worked for merrill lynch and smith barney. >> he joins us live with year end financial advice to keepn mind. thank you for joining us. to keep it simple, you have three things we could all do with our money. let's start with taxes. what do you suggest? >> the best thank you to do to save money is try to save on your taxes. the best thing you can do, if you are lucky enough to get a bonus this year, defer some of that income until next year. it will reduce your taxable income dollar for dollar. tax deductions will help as well. also, make sure you have your health insurance situation taken care of. the affordable care act has steep penalties. if you have a flexible spending account, make sure you know the policy so you don't lose that money. look, it's the giving season. think about donating to charity especially if you get terrible gifts. instead of holding them and regifting them, get a tax deduction. >> someone's trash is another person's treasure. april 15th will be here before we know it. what about investments? >> this is very important. everybody's ecstatic the dow finished over

. >> my mom used to tell me like -- we would put barney on the tv and i would memorize the dances beforepeak. >> reporter: finally at age six, he took his first ballet class and suddenly something clicked. >> that was the first time they saw me like focused, and the first time they saw me like really like wanting to do something and really paying attention. >> reporter: once ballet unlocked him, his teachers and classmates began to notice a difference, too. >> in recess i wouldn't go outside and i would go inside and put on music and dance but they understood that that's what was my development mental trigger. you can live a perfectly normal life if you have the righty chess, the right sport, the right guidelines and the right therapies. >> reporter: philip is now 20 and one of the principal dancers at la ballet trock dare row monty carlo all male ballet company. i caught up with him before a dress rehearsal for his role as janine in a in the ballet night idea and the fisherman. the artistic director says he knew philip was naturally talented from the moment he met him, and when he i was

now, if that were me i would be barney five. i'm 200,000 miles from home. my spaceship blew up. feeling optimistic. what went through your mind? >> a lot of people said, you didn't understand the situation. >> reporter: another crisis. carbon dioxide levels were getting dangerously high. ground control fixed that by instructing the crew to build a make-shift rig they called the mailbox, to purge the deadly gas from the craft and keep oxygen levels safe. the crew were running low on water and food. >> you lost 14 pounds? >> i didn't realize i'd lost 14 pounds. i guess i -- i was all charged up. >> reporter: they were sick freezing and tired, but safe for now. mission control's next chance was to get the broken-down craft out of the lunar landing course and back on a return to earth's trajectory. engineers in houston figured the crew could do this by executing two made from the limping command module. powering that up after the long cold sleep was one of mission control's greatest achievements. light controllers generated the necessary procedures to do this in three days. somethin

barney frank is out there, too, by the way. >> he issued a press release from retirement today. >> verytant element. >> you talk about motive, passion and spontaneity, elizabeth warren has that on this issue. >> that's right. >> and that makes her a pretty potent opponent for republicans to have on this. and boy, talk about tightwire, no net, funding the government a shutdown. >> everybody will be watching the rest of this week. and almost like she's the good knight versus the bad knight, ted cruz, when it comes to talking across the capitol to the other body and telling them what they should be doing. this is like ted cruz caucuses with the red hots. >> elizabeth warren picks her spots. this is something she knows inside out. this is something she helped pass in the bill. >> -- that's how you become a great senator, from my experience. >> and a presidential candidate. >> pick the stuff you know. >> how about being a great senator. can't we just celebrate somebody who is doing their job like elizabeth warren, in a key moment? >> and the interesting thing is this has spooked a lot of dem

passeded a bipartisan bill two years ago to eliminate, with 27 democratic votes and even liberal barney frank. the reason so many oppose it is the president would appoint 15 people who would lend increases in medicare spending to 1% faster than economic growth. and the law limits review of its decisions by congress and the courts. two republican physicians, senator tom coburn wrote in the wall street journal that it's an administrative agency whose actions can cannot be checked. this set up shreds to separation of powers that is fundamental to the u.s. constitution. that's why they're asking the supreme court to review the matter. >> there's no other constraint on what the board can do. it can ration care. it can levy taxes. it can set price controls. >> reporter: supreme court of the united states needs to defend its branch of government and say wait a minute, it's not proper on something of this measure to have only one branch of government making the decisions. the law can only be challengeded by a three-fifths majority vote in the senate, and though it's prohibited from rationing ca

senator sherrod brown says it is a giveaway to wall street and retired congressman barney frank, the financial reform law is named after him. he calls the bill, a stealth attack. democrats have the power to stop this plan from moving forward. senator warren and others should use that power. join me now, democrat from i will and i will msnbc's joy this reid. thank you for being here. >> congresswoman, this is an attempt to gut financial reform written by lobbyists behind closed doors and slipped in at the last minute. what is your reaction? >> this is one of the most audacious moves by the financial services industry to absolutely gut the controls that we put on so they would not be able to brumt our country again. almost bring us to bankruptcy. these people have now voted to repe repeal, to actually repeal. this is the name of it. prohibition against federal government bailout of swap entities. >> that's the name of it. >> that's the name of the provision -- >> a question. will you vote for it? >> i am absolutely a no vote on this. taxpayers once again should come to the rescue of ma

i worked for solomon smith barney and then lehman brothers until they collapsed in 2009 and that is whentarted my own business. >> i think when she was laid off she realized she had to do something different. >> i am lisa's sister. my sister was a cake decorator for 20 years. i saw her in her business. she walked through some of the day to day activities with me. she could see some basics. >> as someone who analyzes businesses i'm like this is a business that people want. i spent the year and built my website and i took online classes. i love that she is in the same business as i am. it made us closer even though we don't work together every day. now i ask for her advice. i did not have high overhead when i started. i took out no debt and bought equipment as cash would allow. for the first several years it was me doing everything. but i have now a baker, we have an intern, a local culinary school. some of the things, she wanted to have her purses replicated in cake for a fall prelaunch party she had. we were named by martha stewart as the top 63 wedding cake pros in the country. a lot of

. >>> on this detain 1982 barney clark became the first person to get a permanent artificial heart.rs performed that surgery at the university of utah in salt lake city. clark's wife said he didn't expect to live very long but wanted to do his part for science. previous devices last ad few days. clark survived 112 days. but the invention helped keep dozens of other patients alive. >>> i think we have a new record on the dow. do we? 115th record. wow. good job, dow. >>> good job dow, not good job this because hey america before you head out to the stores, you might want to take a look at this other number. it's your visa bill. actually it's all our visa bills and hit a big old $18 trillion. that's a milestone that's now become a mill stone. that's what we owe as a country. and the interest payments on it alone are killing this country. it is our debt. we ain't paying it back. we're just piling it up pushing still more spending, more strategic initiatives, more money for things we can't afford with money we don't have. this isn't ferguson, this my

sending out statements from barney frank saying it's incorrect, sending out elizabeth warren's speechs not actively whipping against it. >> luke, just a reminder to people, this is not an actual budget. you've told us what's in it. what is missing from this? >> reporter: what is missing from this? well, you can say what's missing is funding for department of homeland security all the way throughout the fiscal year, september 15th. but this has been the closest the government has gotten in years because you've had 11 of the 12 appropriations committee basically have all their work wrapped up into this bill. now, i would say what's missing is a lot of the wish lists from both sides. health care bill is still funded, so republicans would say, that's being defunded and missing. democrats would say there's no jobs bill in here. there's no plan for infrastructure. so, the big overarching ideas seem to have gone to the wayside. they're not within the bill. i have to tell you, in terms of my six years here in covering these guys, this is the most comprehensive spending bill they've been able

in other words you know also as congressman barney raised maybe we need to look at some kinds of adjustment in the jones act. it's very tough, i understand but there will be adjustments. but on balance the economy will be better off. i think the short-term in defined as we probably can handle what's going on right now. it's a more longer-term problem but i also think that probably immediate we should look very closely at the eagle ford problem in texas. >> let me just add that the reason u.s. is exporting gasoline from the gulf coast is that we have a surplus of just, domestic demand for gas has been declining as likely continue to go down as automobiles become more efficient. and in a sense what refiners are doing is exporting the surplus product so that they can more efficiently fill the demand for other products in the u.s. market that are more valuable. so the export of gasoline may actually be helping keep overall product prices for use consumers down. >> thank you mr. chairman. i yield back. >> at this time i recognize the gentleman from texas mr. barthold for five minutes. >> thank y

. >> it's a barney cam. >> and sonny and bo are really big and popular. >> a ribbon was used on each of the animals. but the children love them. >> and this is caroline kennedy's pony, macka reasony. >> there they are. >> and behind bo is a four-foot statue made out of 40,000 pipe cleaners. maybe they should have made bo out of pipe cleaners. >> they are are called bobots. >> and this is our last slide. >> and this represents what the white house is all about at christmas. these military people represent our military. they were at the end of the evening and long evening standing in front of the fireplace, enjoying the decorations. but all the visitors that come to the white house at some point have a moment like this, where they can enjoy the decorations and enjoy what is the white house home. >> beautiful. well, going to thank all of you. we ran longer than we planned. [applause] >> but we had a lot of information today. thank you all so much. and we are going to open the floor for a couple of questions and then let everybody run, if you have any questions. and afterwards, colleen i

. >> one of the things that we wanted to do is go to this idea of barneys. >> pair him with the creativeand this year's holiday windows are nothing short of one holly jolly feast for the eyes. >> we looked at holiday motives like forest creatures. >> iconic imagery with an urban twist. >> we tried to shake that off a little bit. >> we have a square with a spray can. >> this year fantasy world comes with a new edition. >> there are performances throughout the holiday season. they have scored it like a movie. >> they are the a cappella group that won the sing off, and they have been a youtube sensation. >> they have been able to activate the windows with performances. ♪ [ music ] ♪ >> you know what, i'm a director and i tend to wave my hand and things tend to happen. ♪ [ music ] ♪. >> the lucky tourists were treated to the spectacle. you can see more at barneys.com. ♪ [ music ] ♪ >> get more entertainment on the insider tonight at 7:00. i'm kelsey knight, back to you catherine. >> later, protests in the streets of san francisco over what demonstrators say is police brutality. of shaving st

well, i was going to say, if you're in new york city, barney's wins the trophy this year. in, it's amazing. >> from your family history in this business, this is really the history of those windows, the history of retail. glass and light are what enable these massive beautiful displays. you know, one of the things we flare retailers all the time is that you need to create a sense of wonder. is that just whistling past the graveyard? is it all about economics? >> amazon is all about wonder. >> amazon's wonder, but people love to bring the kids and all three generations of the family to see the windows for the wonder, and that's what ultimately wins for the holidays. that simulates sales for the new year. >> do you realize only and you i even have a clue what the sears roebuck catalogue is? >> do you know there are books in which you can read about things that happened before you were born. did you know that? >> had sears been better managed, sears.com would be what amazon is today. >> that's true. ok, let's go to tom. >> all right,, number three, november 12. just so you kn

argument is this was never a good idea in the first place, that even ben bernanke at the time and that barneyrank at that time wasn't thrilled with this particular provision, which came in late n the dodd-frank conversation. but perhaps the hue and cry may be more painful for wall street. not month ago, that is what's happening. the story here is that the democratic caucus is pulling itself apart. >> don't oversell the republican congress and its ability to rip itself apart as well. you've got a lot of conservative republicans very upset with how this played out, and really, if they don't see a real effort by the republican leadership to go after the immigration actions bit president in february, they are going to be hot and they're going to make john boehner's life much more difficult. but you're right. what we saw the tensions in the democratic party, the new wrinkle here, nancy pelosi reasserted herself. >> i know who you're not mentioning. what did hillary clinton learn last night? >> she learned last night that wall street is still a big issue. her ties to wall street will be front and c

in fact, barney frank, the author of the dodd-frank legislation, spoke in favor of this when he was the ranking member in the last congress. unfortunately, there was no activity on the bill in the last congress and over the last two years both the securities and exchange commission and the cfpc have worked with us with ms. moore and i on these rules. they have done a pretty good job in that regard, but there's more to be done because their rules left out the folks that use the centralized treasury units as a specific business model. just last month they did -- the cftc published a no action letter that ms. moore referred to, but a no action letter means it's still part of the law, we are not going to enforce the law. what we need to do is fix the law. it's really common sense. this bill that ms. moore introduced fixes the law for that centralized treasury unit way of doing business. it makes sense, it does not add any risk to the system, and it allows these companies that are all over america to manage their risk in a smarter way without being charged two or three times as more -- two o

recent, just repeatedly cleared for transfer, but congress decided in its own judgment that it would barney transfers. >> political reasons are what a lot of attorneys for these detainees cite as the reason they're clients are still held. you ever written that your client was in the wrong place at the wrong time. according to the summary of evidence, he was arrested with other men in a guest house that was used by a senior al-qaeda operative. how does he explain that? >> he was a member of an islamic organization studying islam, doing community service. he had run out of money, he had gone to northeast pakistan and then ended up in this guest house where he was staying for cheap, looking to get into a university. it so happened that a bad guy had stayed at that place, so there was a raid and like 86% of all the men in guantanamo, he was picked up on a ransom. the united states paid money to a lot of people who needed money for information rewarding people who was different. he was not pakistani, he was picked up from the guest house. >> a senate report on c.i.a. interrogation tactics is due

. >> the interesting thing is, of course, that barney's is going into the loehmann's site which speakscoming downtown. is that going to be stiff competition? >> for me i welcome that competition. it makes us sharper, keeps us on our toes and we will not be going the path of all the other offbrand retailers. >> good luck with the remaining few days to shop. the co-owner and executive vice president of century 21. >> a pleasure. >> five minutes until "squawk alley" takes to the air. let's find out what's on deck with jon fortt. >> we're going to have the latest afall sis on the fallout from the sony hack. what will sony do on now that pressure is on from the president. former c fo on hacking and whats next in payment technology. apple watch around the corner. coming up early next year. do people want it even though they don't know that much about it? we'll find out coming up in "squawk alley." goodnight. goodnight. for those kept awake by pain... the night is anything but good. introducing new aleve pm. the first to combine a safe sleep aid. plus the 12 hour strength of aleve. for pain r

let me quote from a statement that barney frank a former congressman as you know who is the frank weerred to in the title released a statement today and said, quote, the provision inserted into the appropriations bill is a substantive mistake. a terrible violation of the procedure that should be followed on this complex and important subject. and a frightening precedent that provides a road map for further attacks on our protection against financial instability, said frank. ironically, and this is the most important part. ironically, it was a similar unrelated writer that put into the debate -- i misspoke there. a similar unrelated rider put without debate into a larger bill that played the major role in allowing the irresponsible, unregulated derivative transactions to contribute to the crisis in the first place. why in the name of common sense would we be willing to risk that yet again? the damage done, it's taken years to try to get over and lots of people will never recover from the loss of their homes or jobs. this is still congressman frank, a question about responsibility can

let me quote from a statement that barney frank, a former congressman as you know who is the frank we referred to in the title, released a statement today and said, quote, the provision inserted into the appropriations bill is a substantive mistake. a terrible violation of the procedure that should be followed on this complex and important subject. and a frightening precedent that provides a road map for further attacks on our protection against financial instability, said frank. ironically, and this is the most important part. ironically, it was a similar unrelated rider that put into the debate a larger bill -- i misspoke there. a similar unrelated rider put without debate into a larger bill that played the major role in allowing the irresponsible, unregulated derivative transactions to contribute to the crisis in the first place. why in the name of common sense would we be willing to risk that yet again? the damage done, it's taken years to try to get over and lots of people will never recover from the loss of their homes or jobs. how to regulate derivatives -- this is still congre

>> barney frank said it was like my bar mitzvah.[laughter] you know, i made this decision, which i think was the right decision, even in retrospect, to go out and lay out this framework for the next stage of our strategy at a pretty early time when we did not have all of the details. people were filling the vacuum with ideas and expectations for what we should do which we were not going to do, and i needed to suck the hope out of the air about some of the stuff they wanted us to do and have a device to try to force an end to the debate internally. you can debate things forever because it all sucks if you let people argue forever you will never decide. i made a choice to go early with the general framework, not enough details. a lot of things were scary. this dress test, the device we used was something people never heard of before. it was alarming because most people living with the hope that the government would come in and go buy from these banks a bunch of these bad assets as a way to keep them alive. i know it sounds inexplicabl

barney frank calls it a terrible violation.als who say look, trying to extend credit to a farmer in the midwest is very difficult when you've got to put this into a new entity. >> this was the most arcane battle ever. lost in the arcane notion is that last year at this time, can you imagine we would have been thrilled you got a budget bill done by democrats and republicans? i want to say it's a real positive. am i worried about the banks? i don't know. bank balance sheets are really good. this is guaranteeing these derivatives by deposits. it's a gratuitous thing. if you want to go after the banks, you split them into, get rid of glass stiegel. >> not to mention bank of america, citigroup. >> cracking down on leverage transactions. >> when that guy was talking about junk he wasn't referring to scrap heap, was he? >> the analyst quoted saying, "i would crawl on broken glass dragging my exposed to get this deal." >> it's another kesha reference. >> and that was toys "r" us which will never happen. that company coming public. >> i

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said, which she doesn't, i would agree, but the phony attacks on wall street while she's elevating barney to run, i want let a thousand flowers bloom, i want de blasio, jerry brown, and webb is apparently running, bernie sanders, whereas on the republican side for the first time ever, i would really like if we didn't have a bunch of crazy candidates. if you haven't been a governor or senator, preferably a governor, please do not run as president. i love carly fiorina, but she can't run. same for ben carson. we can't have congressmen, no wasting tine. it's down to romney, ted cruz, chris christie or scott walker. that's it, republicans. >> it's going to be a long campaign season. that's why i'm so glad you are here. ann coulter. thanks a lot for joining us. >> good to see you. >>> if you didn't get a good sleep last night, you might be able to blame your genes. we have that story next. >>> then, are you afraid to punish your children because of how they might retaliate against you online? that is actually happening. our apparently panel is here to tell you about it. stay tuned. patented so

the facts of the case are the last time this tria bill was on the floor, chairman -- then-chairman barney frank asked for and received a closed rule. hen he did the same thing in 2007. and republicans have also, under these processes, done the same thing except in 2005 and 2007 they were done on suspension, meaning that we had about 10 minutes to talk about the effort. today what we've tried to do is to have a full debate in the rules committee. the gentleman, mr. hastings, among others, were allowed time, as much time as anybody wanted to discuss the ideas, fully vet the views of not only ranking member and the gentlewoman from new york but also the gentleman, mr. hensarling, to explain to the rules committee that most members are not aware of all the arguments. the real need to make sure that tria was done well, it was better to do it well and certainly putting in a closed rule, we can get through things in these remaining days good legislation, 411 vote piece of legislation. you heard chairman neugebauer from lubbock, texas, really, the argument tect of this legislation and the person