before you, and even barney frank, all right -- is wrong, even barney frank before you, even barneynk, and i had to drag it out of him, but, yes, the spirit of what those two did, the civilian journalists did, he admires them, and i really had to drag it out of him, but once you get into it is the fault of the democrats or republicans, then, wham, it goes. >> and then is guilt by association. there are five points that the american people want out of washington. number one, first and foremost, accountability. they want people to say what they mean and mean what they say. number two, respect, which is why these people are canceling the town meetings are making their constituents even angrier. number three, results. we are tired of them talking. we want actual solutions. number four, the only one on this list where obama has a prayer, they want action, change, and number five, oversight. we want to make sure that if you are making mistakes like acorn did, people like bill o'reilly are holding them accountable. bill: all right, barack obama and his big speech at the u.n. and later, den

so says barney frank. the chairman of the hous financcommittee today waded into the frato get that legiation written and onto the house floor by novemr. as stephie dhue reports, eryone agrees an overhaul's needed but no one agrees ohow it should beone. >> reporter: right now tre are a handful of regators overseeinghe financial system. but none has the per to dismantle finaial institutions like a.i.g., bank of arica and tigroup, if they were about fail. house nancial services committee chrman barney frank says that needs to change. >> wwill be providing a mechanism for putting n-bank financial stitutions out of evybody's misery. >>eporter: the administration wants to give that authorityo the federal reserve. but the's no consensus that's the right way to go. while the fed had thpower to regulateortgages, it didn't do it, until itas too late. and many doubt giving the d more powerow would prevent a future cris. but treasury secretaryimothy geithner says someone needs be in charge. >> if you give that respons

barney frank is waiting to come on. that's his line. he said he turned to a reporter, and he said, you don't have a vote. i'm not negotiating with you. barney, i'm sorry, i stole your line. >> it's important enough to fight for. and it's your goal but you will not put whether or not it has to be. >> i will fight for it. and let me tell you one of the things i'm going to do, i will say to my colleagues that i work with, i will put it to them, if you don't vote for this thing, give up your health insurance. your health insurance is run by the public. it's a government-run plan. and if you don't think it's good enough for you then drop it and don't offer it. but if you're going to keep it, you better give other people a chance. the president alluded to that tonight. boy, i was happy, you know. i was glad because how can you say oh, this is a terrible thing and then keep the public option yourself? >> yeah. senator barbara boxer from california, always great to have you on the show. >> good to see you. >>> if tonight's official republican r

congressman barney frank is here in new york. he will be with the president on the steps of the federal hall for the address. chairman frank, good to have you with us. >> thank you. >> you say people are ush rush toog quickly to say financial reform,may not happen?n? >> yes, i know there's a -- it's a better story fits bad news. in fact, we are very much on track. it is true, earlier this year i said i thought we would get this done in october because i thought we would be adjourning for the year in october. we won't be adjourning now until december. as i just said, december is a new october. this will be done, the committee that i chair is going to begin hearings this week on particular legislative issues.. the schedule is for us to be voting on it in committee in several pieces. derivatives, an ability to have non-bank financial institutions be dissolved without a crisis or without having to pay everybody. a systemic risk regulator, forming agencies, a requirement to securitize 100% of loans but there's some risk potential. alre

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. >> suzanne: overhaing the tion's financial rule book it's something barney frank wants toeep on the front rner. the inflntial lawmaker says he wants a bill on the house floor by nember. >> paul: google's c.e. says get readfor a spending spree as the internet goliath ars up touy a company a month to expandts business. >> taking the stairsnot taking the elator. getting up and ming around. weake walks at lunchtime where we might just go ta restaurant and t down. >> suzanne: boosting emploe health a wellness, it's at the heart of an innovative pgram lower employer health care costs. >> paul:'m paul kangas. suzanne: and i'm suzanne pratt. susie ghar is on assignment. this is "nightlyusiness report" r wednesday, september 23. "nightly business rert" is made ssible by: this program was made possib by contribions to your pbs station fromiewers like you. thank you. 7//& >> suzanne: good eveng everyone. the federal serve is upbeat abouthe economy but policymakers todayept interest rates at htorically low levels again. at t close of its 2-day meeting, the fed said conomic activityas picked up"

very quick answerer, that barney frank. >> he's a mike mansfield.re seeing them mark up max baucus's bill, actually trying to get it ready for a floor vote. we still don't know when that is coming. a lot of skepticism. a lot of this revolves around one republican senator, olympia snowe from maine and whether democrats can convince her to sign on to this bill giving them 60 seats, what they need to break filibusters and bring it to the floor for a vote. a lot is being done for one person here. lots of republicans unhappy, including chuck grassley, ranking member of the finance committee who has said repeatedly that he thinks this bill is being rushed, that democrats are only interested in the white house and timetable of the white house as opposed to gives it right. >> the president will be giving his big speech tomorrow at the united nations. >> you have the biggest domestic policy fight certainly in the first year of the obama presidency, potentially the first four years of the obama presidency. addressing the world community tomorrow, we have seen

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and i was encouraged to see barney frank say they don't deserve another penny.n: they've gotten tens of millions and earmarked the stimulus the president signed, how much were they scheduled there because i read anywhere between $400 and $8.5 billion. >> barney frank's departure of acorn is important. when i was in office, i remember barney frank in 2006 was trying to get a piece of what was called the affordable housing fund and was trying to get a big chunk of that slush fund which would have been hundreds of millions which could have flowed into acorn and he's been one of acorn's strongest allies and for him to say to cut off the funding now suggests the american people have had it. sean: let me move on to another topic because you're viewed as one of the real up-and-coming conservative leaders in the house. let's step back a little bit. leading into the 2006, 2008 elections there were conservatives like me who felt the republican party had abandoned some of the conservative values, was that true? >> i think it was true. we didn't just lose our majority in 20

get set for barney frank, the wizard and kadafi. the quiz, moments away. bill: back ever the book segment tonight, the great american news quiz with those quiz kids steve doocy and martha maccallum. does were -- doocy playing -- if you want in on the action go to bill o'reilly.com. doocy has won two in a row. we are looking for miss martha to step it up. >> he is on a roll. bill: question number one, last week, barney frank talked about the acorn controversy right here on the factor. >> do you. >> bill, i'm sorry. >> the spirit of the two -- >> yes. >> i admire. >> thank you. i want to finish my sentence. i don't know why you have this congenital inability to let people talk on a complicated subject. i admire the impulse to stop corruption. bill: good. bill: it only took me eight questions to get that out. now, which senator did not vote to continue funding acorn after those undercover senators became public. did not -- they did not vote to continue. three wanted to continue. one did not. all right. so you are not confused. bill: maccallum breaked on top.

consumer financial product agency that would essentially oversee mortgages and credit cards and barney frank will be inside today, swlts the treasury secretary, timothy geithner and christina romer, the chair of the economic advisers. the president will be speaking shortly after noon today and we will be here for that. >> thank you very much, peter alexander. >>> president obama's big speech on the economy will take place at 12:10 eastern time and you can watch it here on msnbc. >>> in the meantime for perspective on this past year of financial turmoil and what is next for wall street i'm joined by jim who is a money and politics columnist for reuters. as peter lined out, he the president will talk about the things they have done right and what needs to be faced ahead but the conversation really is about regulation, how this happened and how do you change the game that is being played on wall street. >> the president and the white house came up with broad outlines of a financial reform plan but really hasn't moved very far through congress and there's some feeling now that the priority with

. >>> massachusetts congressman barney frank joins me now. congressman frank, nancy pelosi referring to the vitriol that came before moscone. is that an appropriate comparison? >> well, i wasn't there. so i couldn't say exactly. i would not make the comparison myself. i don't think -- one thing they did is personalize it. there is a very personal dispute there. dan white who murdered harvey milkin and george michone had been on the board of supervisors of san francisco city council, had quit and then wanted to come back and they were blocking him from doing it. so it wasn't a generalized homophobia that. that may have accounted for him getting a light sentence for the cold blooded murder of two people, obviously premeditated. but i -- you had that very specific grievance from a man who thought he had been denied what he wanted. >> you're trying to focus on financial regulation reform. it is any different trying to get something done now compared to in past years? i mean is it any more or less partisan behind closed doors? we see what's happen

ben frank -- barney frank, ben stein, john king, host of "state of the union."back with more, right after the beak. ahas two ingredients to block and relieve the pain. doesn't your whole body deserve excedrin strength relief? excedrin. what ache? when you're sick, you go to the doctor for answers. and when you hear scary rumors about health insurance reform being a big government takeover... doctors have the answer again. according to the american medical association, "the health reform plans being debated in congress ensure that health care decisions will be made by you and your doctor--no one else." you choose your own doctor, make your own decisions and you can't be dropped if you get sick, or denied coverage for a pre-existing condition. that's a long way from a government takeover. and what about the claims that health reform will cut medicare benefits? "false" says the non-partisan factcheck.org... health reform maintains and even expands benefits for seniors and focuses on preventing illness before it strikes. our health care is too important for scare ta

ben frank -- barney frank, ben stein, john king, host of "state of the union." back with more, right after the break. canopy performance towels are designed to dry a third faster than ordinary towels. so they spend less time in the dryer and more time where you really want them. canopy home furnishings. available at walmart. save money. live better. walmart. i've seen first hand how america's dependence on foreign oil threatens our national security. billions in oil profits finding their way to the terrorists we're fighting against. that's why washington needs to pass clean energy legislation. it will create good jobs, cut carbon pollution, and stop sending our dollars overseas to be used against us. call your senators, tell them to pass the clean energy bill. it's not just a question of american energy, it's a question of american power. >> larry: war got mentioned tonight in that speech, and that's where anderson cooper is, the site of war, in helmand province in afghanistan. what's up tonight, anderson? >> we have breaking news out of afghanistan tonight. a "

we'll talk to house financial services chairman barney frank and talk about the president's key speech on health care tonight. all of that today on "street signs." >>> first breaking news. >> reports from the 12 fed districts say economic activity stabilized in july and august. majority of districts report flat retail sales. most regions report some improvement in residential real estate market. chicago, richmond, boston, san francisco had an uptick in home sales in the last six weeks. commercial real estate demand for space remained weak and nonresidential construction activity continued to decline. loan demand, weak. credit standards tight in many districts. labor market conditions weak in all districts. wage pressures minimal in all districts. consumer spending remains soft. cash for clunkers program, however, did help boost traffic and sales in the majority of districts. the same ability, however, of that pace of new car sales is questioned by industry contacts in richmond, atlanta, minneapolis and san francisco. turning to the manufacturing sector now, manufacturers cautiously opt

barney frank was on our air this morning and said this will get done. he's confident it can happen this calendar year. but it is known that senator chris dodd, who, of course, has got his hands full with health care reform as well, is not so certain we're going to get it this year. what are you hearing? >> my impression is exactly as you said, bill.. the house may be able to act t this year. the house is always capable of acting more quickly than they want to than the senate. the senate isn't likely to move on this in a serious way until 2010. which will put it in the election season. the good news is senator dodd has a very tough fight for re-election, which gives him a great incentive to get this accomplished so he can go back to his voters and say look what i just did. >> the federal reserve can do that. when it comes to trading over the counter derivatives, they can pose capital requirements everywhere that leads to the incentives that make banks not too big to fail, make them not trade over the counter.r. it can get done. >> the president did say y

. >> and barney frank has now turned against acorn. >> when barney frank turns on you, katie bar the we'll be reading politico.com today. appreciate it. >> let's talk really quickly about gillibrand, new york state. she was appointeded instead of caroline kennedy. and some polls, even in new york state, don't look great for it up against pataki. i would guess you'd really want the guy who made her a senator to get out. >> she does want a stronger top of the ticket particularly if republicans do have a strong candidate. this is the obama presidency in the balance. they need to keep seats in places like new york because they're going to lose them in redder areas. >> mika, i never thought of george pataki as a really vibrant, excited guy, but let me tell you something. we had him on our radio show yesterday. >> oh, yeah? >> two days ago. >> i remember that. i wasn't on it. >> boy, he was on his toes. >> cool. >> he sounded better than i've ever heard him sound. he was talking about one, two, and i just sat back, and i said this guy sounds like he's running. and he said, well, i'm up to

we will have barney frank on street signs. >>> nearly 20% of the eligible homeowners have been offered help by the mortgage relief program. new figures show that more than 541,000 offers have been sent out. >>> starbuck's chief official officer sites performance at some stores. >>> and it's still too early to consider tightening monetary policy. >>> good morning and welcome to "the call." i'm in today for trish regan. we are 90 minutes into the trading day and stocks have been drifting higher. we're going to be talking about whether inflation is something to be concerned about. melissa? >>> i'm melissa francis, live in vienna. saudi arabia's oil minister just came out to talk. i'll tell you what he said. >>> i'm larry kudlow. president obama trying to regain the upper hand on health care reform. delivers a major speech tonight. we'll debate whether he can get any meaningful legislation passed. this is "the call." we are cnbc. >>> at this hour, stocks are higher. they're being led by industrials. general electric is the recipient of positive comments for the second day in a row. commodi

you say, quote, nancy pelosi, john conyers, barney frank and other democrats continue to protect acorndo you have any evidence of that? >> i point to the six or seven amendments to eliminate funding to acorn that have been blocked by them. i point my finger directly to nancy pelosi for the systemic deacon instruction of democracy and shutting down a process so a member of congress can't even offer an amendment to get a load on cutting funding acorn. that is protecting them. barney franks brought out two or three authorizations, that is the total $8.5 billion that acorn could qualify for. he has systematically protected acorn. i think -- john conyers, as well. at one point he was for congressional hearings. there soe there won't be congressional hearings over acorn. jerry nadler the chairman of the judiciary, let me see evidence he'll consider hearings on acorn. i don't think how much evidence he needs to see. so is nancy pelosi. >> gregg: john conyers several months ago called for hearings on congress and then suddenly he called them off. why? >> he said that the powers that be had dec

i certainly hope barney frank being the chairman of the committee, will so. he's brilliant, spectacular legislator and lawyer. i have absolute confidence if he spoke pokes at this he'll get to the bottom of it. there are many on capitol hill who are beating their chests so loudly you know it's just a coverup. neglect and failure they sat and did nothing as they clearly should have known we were building a system that was house of cards. they enjoyed it, prospered from it. there was a relationship between them and wall street. barney frank is not one of those. he will ask the right questions and i hope he does. the. >> was the regulatory regime in place strong enough? i'm thinking particularly of the new york fed, which was headed by tim geithner of the s.e.c. where do you see the floor having been? >> the regulatory system was structurally flawed, but that's not why this happened. after the last roun of scandals and we said, aha, we've solved the problem. now we have another set of scandals. there are enough laws, regulations on the books for smart, aggressiv

with the personal history that barney frank has that i would be casting stones.>> but he certainly never -- he certainly never -- >> okay. >> should i finish this sentence? >> no. >> shouldn't i? >> no. robby, i need my purse. >> pretty god on that. >> that was good. >> okay. >> maybe rush limbaugh will make jokes about barney frank. >>> 7:30 on the east coast. time for a quick look at today's top stories. according to this morning's "wall street journal", the pentagon is telling the top commander in afghanistan to delay -- >> you don't even know what barney frank almost got in trouble with. >> i have been reminded. >> did he get censored? >> okay. here is the deal. >> out of his apartment. >> this is kind of an important story. if you all could turn yoer attention to me, i would appreciate it. >> go ahead. i'm sorry. >> defense officials say they need more time to review the u.s.-led war there, it comes amid signs that the obama administration is re-evaluating its strategy against the taliban. >>> in what "the new york times" calls a major reversal of fortune, r

well, barney frank, i can't believe these words are spilling out of my mouth, but i agree. mr. frank, how about you and your colleagues focus on you and your colleagues? the surrounding political corruption. it is something that all republicans and democrats, white and black have in common. focus on corruption. i don't really care about the color of your skin. i don't care if you are ran iguana. i want to look at the content of -- can somebody please reread martin luther king's speech? i think he said that. i think he did. let's take a look. what could we focus on? we could do the race thing, or we could start looking at charlie rangel. how does somebody who spends most of his public life in public service amass such wealth that he can forget about $2.4 million to declare it on his income tax? the guy has so much money laying around. am i racist for asking this question? am i a racist -- democrats, for the love of god, it's charlie rangel! when are you going to step up and say how do you do a full investigation into a mortgage scandal on chris dodd when you don't even subpoena t

i think the new models of chevrolet should have barney frank as a hood ornament. rney right out front. >> where did you come up with this? this is the problem being on with an actor. you don't know when there is lines and a reality. barney frank did more to save the financial institutions of this country than any other single human being next to barack obama who is and will be the greatest economic president since roosevelt. >> has it ever occurred to you that these guys are just out and out con men who are seeking power? >> no. it hasn't. the people seeking power the con men were in the last administration republicans on capitol hill who said they wanted small government and what did they do? they ended one big government. >> you know what? i agree with you. i don't have a problem with that both their houses. do not try to tell somebody from california that what's going on now in washington is by any stretch of the imagination reasonable. >> facts are. in the facts are if we went back six months ago, we were all scared. we all thought this economy. sean: unemploym

congressman barney frank on whose committee he sits. mr. frank he said about opposing the consumer protection agency. number one, ouch, getting smacked down by barney frank hurts particularly as a freshman congressman. number two with guys like this who needs republicans, right? joining us now is a man who was just named to be the head of the nation's largest federation of unions the afl-cio. thanks for joining us here tonight. congratulations. >> thank you. thanks for having me on. appreciate it very much. >> in washington right now it's not just republicans versus democrats but a battle of liberals versus conservatives within the democratic party on important policy issues. how does labor factor into that today? >> we're going to try to keep them honest and make them live up to their promises about health care, try to make them reregulate the financial economy and give us a consumer protection agency that isn't a hobby as it is right now to four other agencies but actually protects consumers. i talked to a woman in atlanta. she was making

barney frank is not one of those.will ask the right questions and i hope he does. >> was the regulatory regime in place strong enough? i'm thinking particularly of the new york fed, which was headed by tim geithner of the s.e.c. where do you see the floor having been? over the last few years? >> here's my answer to that. the regulatory system was structurally flawed, but that's not why this happened. after the last round of scandals and we said, aha, we've solved the problem. now we have another set of scandals. there are enough laws, yuf yenough regulations on the books for smart legislators and prosecutors to make all the cases. what was missing was judgment. you can't legislate judgment, regulate judgment. either the people who are the regulators will walk into a bank and say, your leverage is too great. we're going to take actions to pull it back. or this type of investment is flawed. or they won't. you can't pass a law that says you must use sound judgment. bubbles have been there through history, through overreg

that is my good friend, barney frank. >> once again, we are listening as the president addresses the situation on wall street. the price of bailing out the economy and where we stand right now after the economic collapse one year ago that drove us into the recession. we go live to briane with more. >> one year ago the bank that so many thought was unsinkable collapsed. lehman brothers went belly up, marking a key moment in the financial meltdown. >> they have not canged anything fundamentally. until they do, the risk of another financial panic in the future is still very high. >> in an effort to keep that from happening, president obama is expected to lay out a message for reform. >> people are feeling anxious. we had to take a series of steps, in circumstances obviously not of my choosing, and i think it is fair to say that people started feeling sticker shock. >> obama will once again press congress for more banking regulations. this comes at the same time a new course of americans are still worried about the economy. amidst continuing concerns, many people in our area believe that

representative barney frank voted against it, saying it is a bad precedent to put congress in that position >> buehrer can go to wjla.com to see president carter's remarks. the future of the nation's health-care took center stage tonight. hundreds upon hundreds college students voiced their frustration at two separate events, one at howard university. >> we have many d.c. residents saying they want health care reform. they want to know their medical costs will be controlled and that they will have covere if they change jobs. the question becomes if any of the coverage on the table with the delivers that. >> the controversy over health care [unintelligible] >> i am not insurable. >> she is now without a job and health insurance expires this month. >> which basically means i will end up losing my home, i will lose the ability to care for my daughter. >> the concerned d.c. delegate eleanor holmes addressed the town hall meeting tonight. she said compromise is the only chance at making reform a reality. >> we cannot let t bill go down this time. >> speaking to the afl-cio labor union, president

needed is loose monetary policy by the fed and i call it the moral hazard of senator dodd and barney frank who helped get us into this mess, i find it ironic the two chief cheer leaders who increased regulation are the two people that helped us drive this bus off the cliff. >> i don't see them pulling back, by the way, making loans to people that can't afford it. not documents loans -- it's like when in doubt, blame the bankers. okay. the bankers deserve some blame here. what about the rating agencies? what about fannie mae? what about freddie mac? what about the federal housing administration which is going broke because it's making no down payment loan? why don't they go after that stuff? >> all of these things i agree with you on, larry. i have a question for you. i would have imagined you would be supportive of the dodd legislation in that it actually does extensively reduce regulation. >> no. no, no. i want competition. >> how does it reduce regulation? >> i want competition among regulators. you know what? it's bad enough we got to do this. i say let them compete with each other. >>

representatives such as barney frank announced a proposal requiring credit card users adhere to the recently passed credit-card accountability responsibility and disclosure act three months earlier. this would keep credit-card companies from changing their terms and boosting interest rates before the act takes effect. >> at the time it was passed, we would go along with that only if we did not see a pattern of abuse. >> if the new proposal passes, the reform act would take place in december instead of february 2010. some children and infant products from tylenol being recalled. there is a possible contamination of one of the ingredients. the products were made between april and june of 2008. there is no word if anyone got sick from the medication. for a full list of recalled products visit our web sites by clicking on health at wbaltv.com. scientists say they have developed an experimental vaccine that make prevent people from contracting hiv. this is a stepping stone to create a final product. our reporter has that story. >> it could be the long-awaited breakthrough in the war against hiv a

if you like the review, on friday barney frank said he will back ron paul's investigation. federal reserve and how they spend. it is not what obama is doing. david: i'm thinking of the trillion dollar programs. the stimulus was close to a trillion. medical close to a trolling. global warming. this is on a scale that we have not seen before. >> and it does surpass bush's spending. and unfortunately bush did spend a lot of money and i like what steve has said. the government has been spending like drunken sailors and when have you said that but the issue is -- sailors spend their own money. >> that was my punch line. but you are right. we have fallen through the looking glass. what i like is how the president is saying he's spending to create or save 3.5 million jobs. i think we hired 25,000 government workers recently just to track the statistic. so, the debt to g.d.p. is 360% with social security and medicare unfunded liabilities. we are in a serious danger zone. david: in the bush era domestic spending went up about 40%. we have about doubled that in six months. >> i don't

bbbbbbbbbbbbbbbbbbb >>> barney frank says to reporters that, of course the t.a.r.p.700 billion financial rescue plan. so controversial. barney frank saying it will be extended using the word "of course" as if it is a fate a come accomplish. fdic insuring up to $250,000. it was supposed to be temporary. that will be extended. michelle, we're about an hour away from the fed's decision and the central bank is expected to leave interest rates unchanged. let's talk about the best etf plays in this environment. "the etf trend following beretbook," great news how to use etfs to enhans your portfolio. before we get to the three ways to play the weak dollar, low-rate environment and oil, you say one of the things people need to do is take -- use the 200-day moving average as a guide. >> the idea is following trends. the last ten years you've basically didn't make any money but if you picked certain areas that you could identify trends with you do very well, areas like technology in the '90s, oil last year. a 200-day average, very simple and easy to attain. and with etfs and a

and make this time, your time. >>> well, is it soon to be secretary barney frank?nterest inned running the housing and urban development. he told a biographer he would like to top off his career there. but he was quick to say he's not planning to leave capitol hill any time soon. >>> it's a no from joe. joe kennedy that is. the former congressman and son of bobby kennedy says he won't seek his uncle ted's massachusetts senate seat. he wants to continue working at citizens energy that provides discount oil to low income families and that company receives much of its oil from venezuela. >>> 34% of african-american children raised in two parent households what can be done to strengthen the foundation? we are all in this together, right? hill harper is the author of "the conversation." he joins us now with his new book out today. before we talk about the book and i know it's a big part of the conversation that is happening even with the president's personal responsibility with african-american, i got to ask you about this backlash on the speech. you went to harvard and

. >> reporter: democrat barney frank refused to support the measure. saying, quote, i think it's a bad precedent to put us in charge of deciding whether people act like jerks. but then, there's fellow south carolina republican, bob englis, who was sitting in front of wilson when he called out. >> we need to send a signal, that, no. it wasn't right. we don't want anti-heroes out there. >> reporter: jonathan karl, abc news, capitol hill. >>> vice president joe biden will meet with prime minister nouri al maliki, and other officials in baghdad today. the vice president arrived yesterday on a three-day mission. talks are focused on security, elections, syria and the u.s. troop withdrawal. also yesterday, insurgents fired mortar shells at the city's green zone. two civilians were killed. bumrbiden was not in any danger. >>> a pakistani man involved in the raid in new york city, denies he has any terrorist connections. officials confirm that naji, who was visiting from his home in colorado, was under surveillance for ties in colorado. >> of course, i have no

and barney frank decided enough is enough or at least that the acorn organization shunting getting moreernment grants. quote, i do not believe that acorn's response has been adequate for something receiving public funding. good for him. >> mary. >> this is a miss for president sarkozy, he has for french gdt and the rest the world to put happiness in the gdp. forget about financial success as we normally measure as a measurement of progress, instead, he says, we should look at happiness, a general happiness of the population, ap now, this is kind of frightening to me because mr. sarkozy's happiness might not be my happiness and his government becomes the arbiter of happiness i think we're all in trouble. >> all right, joe. >> energy secretary steven shue was taking to a journal reporter with climate change and said the american public just like your teenage kids aren't acting in the way they should act and the american public has to really understand it in their core, how important this issue is. and now, this sounds like a miss, but it's actually a hit. if in the new spirit of maturity,

i think you'll see barney frank and christopher dodd go after financial reform. chris: stop taking money from them? >> i don't think they're going to stop taking money from them. chris: that's the question. >> they will get a little bit of populist rage behind them and maybe helpful given all the other debates going on. chris: i love the sound of that. when we come back, the big question, what's the biggest threat right now? is it higher unemployment to come or inflation? good question. we'll be right back. chris: welcome back. for the big question of the week, the biggest threat for the country, higher unemployment or inflation? trish. >> unemployment in the here and now, inflation down the road. because at some point we're going to have to make countries like china which are buying all of our treasury bonds happy. that means a higher interest rate. chris: when is inflation the number one concern of the country? >> a few years out. chris: -- >> inflation is a republican problem. unemployment is a big problem for barack obama. he's not going to be worried about i

it looks to me like barney frank in the house is quite committed to pushing a bill through the congress. it's not so clear that the senate can get its act together. it seems to be the same storyline for almost every topic you talk about. one thing i think will be quite interesting is president obama is going to wall street on monday, and i would be surprised if he stands before a banner that says mission accomplished. he wants to take credit, though, for things being a little better, and i suspect that if he is listening to tim geithner, he will do a little lecturing of congress and in addition to fixing the health care system, don't forget the financial fire prevention proposal either. >>> more with our panel about the state of the recovery and more of the major players on wall street. stay with us. >> simply, our health care problem is our deficit problem. nothing else even comes close. nothing else. >>> president obama laying out his agenda on health care reform to a joint session of congress this week. we're back with more discussion on the lessons and the outlook from one year of f

chris dodd on the countrywide thing, barney frank mail prostitution, fannie mae scandals and nobody is looking into it and william jefferson bribes and duke cunningham and other g.o.p.ers, our government is preparing for a potential crisis that we have been hearing about now a lot, the swine flu. let me show you something, gave me an idea, come with me for a second. bring up the maps, this is the map are looking at in the bowels of the white house and the president and says, okay here's the situation, casualty, it will be, rising and critical and will be real trouble. and they'll show you how that disease spreads. all over with the swine flu and hunter, start it from the beginning now, the swine flu, start from the beginning, i want to do -- not do the swine flu, from the very beginning, please. take the program to the very beginning. restart it. okay. here it is. don't think the swine flu. because the swine flu, what they want to do, is they want kwaurn tea you, if you are sick they'll put you into your house and stop it from spreading and let's say this is corruption. starts in washi

alisyn: barney frank wants to investigate everybody.orn and the filmmakers who exposed what acorn was doing. steve: keep in mind had they not done that investigation and taped that stuff in baltimore and across the country, acorn would still be doing what they were doing. brian: by the way, more tapes coming out on big government.com. probably see them here. 10 minutes after the hour. of the senate finance committee will be back debating the health care bill and will be happening this morning. hundreds of amendments to go over. joining us now from washington is caroline shively. caroline, what part of the bill is causing so much disagreement on capitol hill? >> the biggest fight so far, brian, is where to squeeze the money out to pay for it the baucus bill costs 900 billion over five years. 500 billion is pulled out of medicare. democrats say it's done through eliminating waste. republicans said you can't cut that much money out and not hurt seniors. the committee is back at it again this morning from 2.5 hours from now. they have hundr

. >> reporter: in fact, house financial services chair barney frank is so angry he's talking about moving up the rules' start date from february to december. the 5,000 companies that issue cards say that's too soon. >> this is a monumental change and we must make sure we get this right. >> reporter: the banks are also under mounting pressure. discover's credit card losses were up 8% in august. bank of america 10%. citigroup, 2 is%. but that's not generating a lot of sympathy these days from consumers or congress. jim axelrod, cbs news, new york. >> reporter: the afghan immigrant accused of plotting a terror attack here in new york pleaded not guilty today. a federal judge ordered najibullah zazi held without bail. the prosecutor said zazi was part of an international conspiracy and had at least three accomplices, but their names and whereabouts have not been revealed. coming up next on the "cbs evening news," private guards turn the u.s.'m be any kabul into animal house. government investigators were warned years ago. why didn't they stop it? mom was diagnosed with moderate alzheimer's. i

. >> reporter: democrat barney frank refused to support the measure, saying, quote, i think it's a bad presence dent to put us in charge of deciding whether people act like jerks. but then there's fellow south carolina republican bob inglis, who was sitting in front of wilson when he yelled out. today, he was one of the few republicans to vote to condemn his behavior. >> we need to send a cigna that, no, it wasn't right. we don't want anti-heroes out there. >> reporter: the entire episode has made the house even more polarized than before. it's been a boone to congress wilson's fund-raising. republicans say he's raised nearly $2 million in the six days since his outburst, and charlie, his opponent has pulled in about $1.5 million during that time. >> jon karl on capitol hill, thanks to you. >>> and the polarization in the house of representatives, which jon mention d, is reflected far beyond capitol hill. political discontent is part of the fabric of this country. but at town halls, public rallies, president obama has been called much more than a liar. here's dan harris. >>> reporter: