head about why killing kids is great news ron paul and barney frank seem enough to get the feds out of the weed control hillary clinton taking sides against the american people we bust time magazine a negative neo con man see once again on those ron paul people plus a little gay news from the sergeant major of the marine corps don't ask nancy if he's a neo con and i won't tell anyone that you've been watching out on the versus the man. the f.b.i. is bragging about a recent coup mob boss james whitey bulger he was captured after sixteen years on the run near los angeles this case is interesting because it shows what happens when the full light of the federal government's law enforcement effort is focused on a truly dangerous criminal the rest came after a tip from a t.v.

it's an unusual effort by a plit wal odd couple, democrat barney frank and republican ron paul.an todd has been working this story. >> we know it's going to be tough for barney frank and ron paul to push this bill all the way through. he says it's done more harm than good. a bold new plan to end a major battle in the war on drugs. two prominent congressmen say it's time for the feds to stop regulating marijuana. democrat barney frank and republican presidential hopeful ron paul are pushing a bill that would let the states make their own laws on marijuana. the states could legalize, tax and regulate the use of pot, and the federal government would only crack down on smuggling across the national border or into states that don't legalize marijuana. >> we should not have federal laws that make the personal use of marijuana criminal, or even the growing of it. it should be criminal if a state wants to maintain its restrictions and the federal government should honor that state's laws. >> reporter: frank says there are two principal reasons he's behind this, to make sure the governme

barney frank went to congress to work in congress. he was a workhorse before the scandal and after the scandal. if anthony weiner wants to protect his seat next year, i think he can if the district is survives redistricting. but anthony wiener has never been a guy who wants to work, he wants to put in the long hours behind the scenes in congress. his reputation among his colleagues in new york, he's the guy that takes the credit for the work. he can't take the credit anymore. >> we see these eps change a person. when teddy kennedy got into scandalous trouble, it changed the way he approached his work and that could change the die namings for wiener. >> i think that's true. if anthony wiener is still a congressman hooex year, he's a different congressman than right now. >> thank you very much for joining me tonight, steve. >>> coming up, the preshow comedy before the anthony weiner news conference, andrew breitbart, the man who brought the pictures to the nation's attention started his own press conference using anthony wiener's microp

shame on barney frank and ron paul.pointment for american leadership. >> paul, you had a problem with this when you were 12. you went into rehab because of drinking and marijuana use. your own life is proof that laws don't stop the illegal trade in this. what do you make of that? >> i grew up watching cheech and chong smoking out. 90% of those in treatment don't quite make it. they are still addicts. i'm 36 today. 26 years of sobriety, but i'm fighting in the trenches. i'm a dad. i have three young kids at home. it's what kind of country i want my little ones to grow up in. look at california. we defeated marijuana legalization last go around. we have woken up to the medical fraud marijuana problem that's skirted around the nation. times are changing. it will be back to community and family values. >> tommy, what is the thing -- >> first of all, let me ask him a question. do you know who montel williams is? >> i'm very disappointed -- i'm sorry. >> do you know montel williams? he has m.s. it's a debilitating disease he

head about why killing kids is great news ron paul and barney frank seem enough to get the feds out of the weed control hillary clinton taking sides against the american people we bust time magazine a negative neo con man see once again on those ron paul people plus a little gay news from the sergeant major of the marine corps don't ask nancy if he's a neo con and i won't tell anyone that you've been watching out on the versus the man. the f.b.i. is bragging about a recent coup mob boss james whitey bulger he was captured after sixteen years on the run near los angeles this case is interesting because it shows what happens when the full light of the federal government's law enforcement effort is focused on a truly dangerous criminal the rest came after a tip from a t.v. broadcast campaign resulting in a viewer recognizing his long time girlfriend catherine gride did it results in a new. no in this case they definitely lured this eighty one year old man out of his apartment and arrested him without incident in addition to the millions of dollars spent on catching him the f.b.i. had a tw

be tough for barney frank and ron paul to push the bill through. to begin the process and attack a prohibition on marijuana that he says has done more harm than good. >> reporter: a bold new plan to end a major battle in the war on drugs. two prominent congressmen say it's time for the fed to stop regulating marijuana. democrat barney frank and republican ron paul are pushing states to make their own laws on marijuanas. the states could legalize, tax and police the use of pot. is this a legalization? >> we should not have federal laws that make the use of marijuana criminal or the growing of it. it should be criminal if a state wants to maintain its restrictions and the federal government should honor that state's laws. >> reporter: frank says there are two reasons he's behind it, to make sure the government doesn't intrude on federal choice and stop wasting federal resources on enforcement of anti-marijuana law that he says hasn't been effective. the economics also connell into the debate. according to a study published six years ago, cash-strapped

barney frank is going to be joining us, jack, this hour. he makes the case that it's a strong case the u.s. right now is spending between afghanistan and iraq about $150 billion a year. $150 billion a year, think about over ten years how much that would cost. and think about how much that money could be used either here or paying down the debt. that's a lot of money. >> and isn't osama bin laden dead? oh, yeah, i think that's probably -- >> he is definitely dead. >>> i want to continue this story, president obama moving, as jack said, closer and closer on the decision of the pace of troop withdrawal from afghanistan. facing a lot of second guessing about the mission and about america's huge financial aid package to afghanistan. cnn has uncovered new evidence that millions and millions of u.s. taxpayer dollars, maybe billions of dollars have not been spent wisely at all. here's cnn's nick peyton walsh. >> reporter: a generous state-of-the-art gift, a power plant magnificent in design and in cost, $300 million before anyone had even switched

barney frank is still in the house. bill clinton is getting awards.essional page. >> sean: when republican scandals come up they bail out. i can't think of one who stayed, can you? >> rightfully so. we just had one in new york, no shirt on. >> sean: there's of those photos too. >> did he use congressional phonelines? there's evidence to suggest that he did. appropriate action should be tan. when you see nancy pelosi starting to speak out, you know he's in trouble. >> sean: there was a moment there, he's breaking up, he seems sincere. he has to be humiliated and embarrassed. i feel sorry for his family. >> then don't be a sexual predator. i don't feel sorry for him. >> sean: then i think of his family and the victims. and they are not victims, one woman is 40, some in their 20s. they are not victims. >> it doesn't matter regardless of the age. if it is not consensual, it wasn't something they solicited. how dare he sit there and send these photos. good use of our taxpayer dollars? [ talking over each other ] >> sean: while have the interview tomorrow n

the legislation is authored by democrat barney frank, republican ron paul and oakland's congressman barbara lee is a co-sponsor. she said in part, i believe it's time to turn the page on this failed drug war. of course last year voters in california rejected a measure to legalize recreational marijuana use. though medical marijuana is legal in california and 15 other states. reporting live in oakland, christie smith, "today in the bay." >> this morning two former cops and a private investigator will be in court to answer charges of stealing drugs and selling them back on the streets. former san ramon officer lewis lombardi is expected to enter a plea facing charges of selling drugs to police informants and stealing from evidence lockers. police say the alleged crimes happened when lombardi worked on the narcotics enforcement team headed by norman welsh. welsh and christopher butler also face drug charges. >> giants fan bryan stow is now in serious condition this morning, doctors announced yesterday they upgraded his condition from critical. stow was critically injured when someone beat him

the authors and sponsors a diverse group including democrat barney frank, republican ron paul and oakland congresswoman barbara lee. this would be the first bill to repeal laws criminalizing not only possession but use and sales of marijuana. lee saying it's time to turn the page from this failed drug war. a spokesperson for the marijuana policy project are saying each state would basically be free to make up its own marijuana policy and be responsible for enforcing it. last year 53% of california voters rejected legalizing recreational pot use, medical use is now legal in 16 states. this is going to be introduced at 11:00 this morning. reporting live, christie smith, today in the east bay. >> thank you. 4:33 now. today in new york president obama will meet with troops home from afghanistan. this comes after his announcement winding down the war there by bringing home a third of our troops by next summer. today in the bay's tracie potts in washington with reaction to the drawdown. >> reporter: with the american economy in mind president obama says the war in afghanistan is coming to an en

he kind looks a little bit underdressed. >> i hope barney frank was watching our debate. ere is he wearing a tie. barney, it's okay. all good. >> does the tie make the man? look at paul steinhauser. look at you. no tie. >> no tie. i'm not running for president so doesn't matter to me. >> although i'd vote for you, paul. >> reporter: thank you. >>> a reminder for the political news go to our website cnnpolitics.com. >>> a loss in the stanley cup finals turns violent. overturning cars and looting downtown stores. take you live to van cure re with you is a thousands of e-mails from sarah palin. at least one really stands out because of its signature. she signed it "from god." we will talk about that in a few minutes. i'm good about washing my face. but sometimes i wonder... what's left behind? [ female announcer ] new purifying facial cleanser from neutrogena naturals. removes 99% of dirt and toxins without dyes, parabens, or harsh sulfates. so skin feels pure and healthy. [ female announcer ] new from neutrogena naturals. >>> checking top stories across the country. >>> ariz

host: massachusetts congressman barney frank is written about. why?st: well, he has been a supporter of fannie and freddie almost until the very end when they had failed or were about to fail. he was a big supporter of housing projects and so it's not surprising that he would have been a huge supporter. but what we discovered was interesting in that this was an example of how shrewd fannie mae was about how it rewarded its friends in congress. mr. frank, of course sits and has sat on the committees that oversee fannie mae and freddie mac. and financial services, we found in 1991, for example, fannie mae hired mr. frank then who had just graduated from business school, and mr. frank spoke to the company about higher him and of course the company was very, very happy to, you know, accommodate the congressman in that case. and it just was a very interesting illustration on how this company operated. >> then you write at the close of 2010, barney frank had this to say. >> i think blaming phan fand freddie mac -- blaming fannie and freddie are a mistake. w

guest: barney frank is a fascinating member of congress. great leader. he has been representing his constituents in massachusetts very well. since he was out in since he is in an openly gay member of congress. he was, and he came through that very well. obviously to be awarded the chairmanship of the financial- services committee many years later. colleagues all he was a great leader in strong debater. he came through his the challenges he had. for many americans the idea of coming out is still a challenge. when i came out to my family, it was you will never be able to be involved in politics. now i work to make sure no family ever says that to their son or daughter again. the coming-out process is unique for everyone, whether it's congress, whether it's an athlete, whether it's an entertainer everybody goes through it differently. caller: gay and lesbians from then compared to now is a lot better, and just the other thing i wanted to say is that everyone's attitude towards like, gay politics -- aside from gay marriage but like, i want to say with other

financial crisis an eighty billion dollar loan scheme known as st elmo which was so obscure that even barney frank had no idea it existed when he required the fed to turn over its lending data and the dodd frank bill so it turns out that the fed was making loans extremely cheap loans of as little as point zero one percent. when at the fed's main bank window they were charging point five percent but most of these loans went to credit suisse forty five billion dollars and the bank which is now being bailed out on the backs of the greeks but the fact is that these banks who are now occupying greece would not even be alive if it were not for the rearming in the re you know the region giving of ammunition of weapons to these banks by the u.s. taxpayer who is backing the fed ultimately that's right the money comes from the u.s. taxpayer yeah that's right so the u.s. taxpayer by the way fifteen million unemployed they can't i see that america go to hospitals they don't but the price of medicines are so high they're substituting like penicillin substituting with cheddar cheese you go for a blood transfusi

john king served to not call it softer than barney frank's backside i. because it can people are asking me when am i going to explain the details of my health care plan and i've got three works for you so am i. doing. think you notice that the end there they even cut his mike so just how much racism is too much racism for republican leadership conference and why the thin skin when it comes to self appreciating humor here to offer some more insight into this issue is tommy christopher media correspondent white house reporter at media eight dot com tony welcome and some thanks for having me do you think that the people in the room you know i watched the whole thing i'm assuming you did too and this is those little clips i don't think it actually represented all that well the first part seemed actually kind of funny in a general way and then the last part when he started picking on the republicans all of sudden regret quieter and quieter and it was strange the way the tide turned it was that it was weird but do you think that the racial jokes at the beginni

a bill troin dused today by democrat barney frank would allow states to decide whether growing, sellingusing marijuana should be legal. and the role would be limited to enforcing interstate smuggling laws, the first bill to repeal the ban on both possession and sale of marijuana at the federal level. among co-sponsors is barbara lee, who says the 40-year-old war on drugs has failed. >> and still coming up, the capture of whitey bulger. what the fbi found when it searched his apartment today. >> the obama administration dips into the nation's oil reserves. will it drive down gas prices? or is the president playing politics? >> and michael finney dives into a hot tub dispute in which a bay area coupupupupupupp >>> fbi agents removed 60 weapons and $800,000 in cash from the home of mob boss james "whitey" bulger today, arrested last night in santa monday karks after more than 16 years on the lamb. he and his girlfriend had been living in plain sight in the same apartment for more than 15 years. >> neighborhood why it's very good for them to blend n there are a lot of elderly folks and peop

barney frank has never served in the military. we need to turn to the people who have, the people who know what we need and how much of it we need. and the people who are willing to look belligerent -- belligerently in the sky and screen -- host: looking at what is going on in the meetings today. back to "politico." seeing how these meetings between president obama and minority leader mcconnell may go down. our question to you is, should defense spending be on the table? if you are a republican who favors defense cutting -- among gop leaders, david rogers of politico reports, mitch mcconnell has the most insistent that the president play a larger role in talks going on right now. looking at "the washington post" story, this is one other top pieces about the gop opening the door to defense cuts. it goes on to talk about how defense spending could actually go down. at the end of the piece, it says -- jim in redding, pennsylvania, a democratic caller. good morning. caller: i was just wondering why we have -- host: yes, sir? caller: w

and barney frank who didn't leave after after sex scandals i think that he probably should resign but that's not anthony weiner's thing to do that's not what he did he take a person he is taking into account what had a person he is this is what he should say he said yes i sent those pictures it's not illegal and guess what i'm going to be sending more so you better get used to it i'm staying around i'm owning this well that's that's at least the first half of that is what he should this day want obviously and it's a case then all of the cover it's this is just like just like watergate and just like clinton for that matter the cover up is worse than the crime i've thought long and hard about this and i'm against premature resignation i think this and i think by the way that the republican party is making a huge mistake i don't know why as you said this is a bipartisan problem this happens to everyone everyone but it happens every party speaker and i think. it happens every party and i think there's no question that the republicans should just be quiet let the guy self-destruct he's doi

was and only 45% of the respondents said they were happy with the current crop of candidates. >> barney franknt crop of candidates. he is a democrat, of course. he has fashion advice for mitt romney. in an interview with cnn's wolf blitzer frank seemed to be concerned about the casual look romney is sporting lately. >> he spends so much of his money he no longer can afford a tie. he has never been seen in a tie for several months. i will put up a collection to buy ties for mr. romney. i would like to see if we can get him a tie to put around his neck. he is going around without any tie. he looks a little bit underdressed. >> the nicest thing he said about him. nicest thing he said about him. >> i do like that look on a guy, though. the nice crisp shirt on and you have -- >> he carries it well and well-built guy but a guy tied to the business and political world he has not been seen with a tie or a jacket. >> if i were mitt, i'd take him up on it and see what tie barney frank would pick for him. >> he said the only consistent political policy he has is his own personal ambition. >> take a look

barney listen to guys like barney frank who don't have a dog in the o fight but a lotf of talent and try to make the decision thatng t you think is othe right thing to do. thank you very much, mr. president. illinoi i >> the senator from illinois ismr. dbin: h recognized. is >> how much time is remaining? two minutes 15 seconds. 13 estimate any time remaining on the other side? mr. president >> zero. the >> of senator tester returns to t o the floor and wants to speak i'm before the vote, i'm going to to ask for unanimous consent thatt to each we each have two minutes for that purpose perhaps i want to make the record of matter herer o because i want to have a chance euplt to close. -- let me try to get down on the to basics here. .. out one of these cards to pay for something? if you're my age you don't do it as often as younger people. i was in the carry out this morning and a young woman who was a police officer put up a pack of chewing gum for $1.20 and put up her debit card. the average amount for a debit card is 44 cents for each transaction. how much money do you think the own

barney frank, david vitter, and president bill clinton, he still has a voice despite his dalliance in the oval office. so the talk back question today -- should congressman weiner resign? facebook/carolcostello. i'll read your comments in a bit. >>> after the quick break, we'll bring you up to speed on the rest of the news today. stay with us. i'm good about washing my face. but sometimes i wonder... what's left behind? [ female announcer ] new purifying facial cleanser from neutrogena naturals. removes 99% of dirt and toxins without dyes, parabens, or harsh sulfates. so skin feels pure and healthy. [ female announcer ] new from neutrogena naturals. and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >>> anthony weiner plans to resign. he's come under pressure over the sexting scandal. >>> he

the bill was introduced by democrat barney frank of massachusetts and ron paul. four democrats are cosponsors including barbara lee of california. authors and backers of the bill say criminal prosecution for marijuana users, buyers and sellers is a waste of law enforcement resources and an intrusion of personal freedoms. >> this is going to end a huge part of the drug war. and leading to violence on both sides of our border with mexico. >> reporter: the bill would have to go through the judiciary committee. and the governor says he will not even consider it. >>> now today's action may open the dialogue about marijuana. but it's not likely this talk will turn into action. the bill has no chance of passing the republican controlled house. >>> the united nations reported today that cocaine use was down worldwide but that americans remained the biggest users. the u.n.'s office on drugs and crime released its annual world drugs report and found that marijuana is the most widely used illegal substance and that the global production of opium dropped steeply last year. t

democrat barney frank and republican ron paul.king the story for us. >> reporter: a bold, new plan to end a major battle in the war on drugs. two prominent congressman say it's time for the feds to stop regulating marijuana. democrat barney frank and republican presidential hopeful ron paul are pushing a bill to let the states make their own laws on marijuana. the states could legalize, tax and regulate the use of pot and the federal government would only crack down on smuggling across the nation aal border. is this a legalization bill? >> we should not have federal laws to make the use, personal use of marijuana criminal or even the growing of it. it should be criminal if a state wants to maintain its restrictions and the federal government should honor that state's laws. >> reporter: frank says there are two principle reasons he's behind this. to make sure that the government doesn't intrude on freedom of choice and to stop wasting federal resources own enforcement of anti-marijuana law that he says hasn't been effective. in thi

coming up in the next hour, barney frank, the democratic congressman from massachusetts, he's joining, brooke, and i want you to wait because when he starts talking about his former governor, the former governor of massachusetts, mitt romney, you're going to be surprised. i'll leave it like that. at what he says. barney frank is always, always outspoken, but wait until you hear what he says about arguably the front runner right now in the republican presidential nomination. that's coming up in just a little while in "the situation room." got all the day's news, as well. >> that was a good tease, wolf. i will keep watching. you've piqued my interest. we'll see you in eight minutes, sir. >>> by this time tomorrow, casey anthony's defense will open its case. and we are getting word that a surprise witness may take the stand. >>> also, did you see the look anthony gave to her mother after cindy anthony mouthed the words "i love you?" sunny hostin is on the case. you've got to see this video. that is next. an accident doesn't have to slow you down. introducing better car replacement, avail

barney frank says. it today the 8th, by the way? he said it today, the 8th of june. i quote -- and he's speak of the tester-corker-hagan-crapo-bennet amendment, this amendment of i quote. "this is a good, balanced, compromised approach. i support it, and i hope it will pass." the author of this bill from the house thinks this is a good policy change to make dodd-frank better. i yield the floor, mr. president. bthe presiding officer: the senator from delaware is recognized. mr. carper: mr. president, good to be with you again. spent most of the morning with you and now part of afternoon. this is -- this is -- this is -- this is really a difficult issue for a number of us in the senate because we have friends on both sides of this issue. and it's also a difficult issue for a lot of people because we don't want to be unmindful of the concerns raised legitimately by merchants for a number of years about debit charges that they have had to pay and we don't want to be unmindful of the concerns of banks, be th

years of finding someone from one of the coasts, whether tip o'neill or ted kennedy or pelosi or barney frank or you know, bella abzug. usually an ethnic person from the coast is a good target, a liberal. then pound them in everywhere in the country. looks like it will be weiner. >> you see how the national senate campaign. >> the nrcc. >> nrcc they are attacking 16 democrats say they are willing to return funds they received from weiner in the 2010 election. >> of course they will forgive him when he gives the money back. he was forced to give money back to weiner. right, dana? you admit doing something wrong when you give the money back. i want you to comment, too. this is in the rules of the house. one of the overreaching statements that captures what you said under a codified way. in the first sentence of the house ethics manual, which you get as a new member of congress, it says, "members, officers and employees should conduct themselves in a manner that reflects credibly on the house." this is the kind of language i believe going back it even mccarthy for a different reason, they got hi

barney frank has never served in the military. we need to turn to the people who have, the people who know what we need and how much of it we need. and the people who are willing to look belligerent -- belligerently in the sky and screen -- host: looking at what is going on in the meetings today. back to "politic" seeing how these meetings between president obama and minority leader mcconnell may go down. our question to you is, should defense spending be on the table? if you are a republican who favors defense cutting -- among gop leaders, david rogers of politico reports, mitch mcconnell has the most insistent that the president play a larger ro in talks going on right now. looking at "the washington post" story, this is one other top pieces about the gop opening the door to defense cuts. it goes on to talk about how defense spending could actually go down. at the end of the piece, it says -- jim in redding, pennsylvania, a democratic caller. good morning caller: i was just wondering why we have -- host: yes, sir? caller: why we

but the point was it was democrats and barney frank and chris dodd. i haven't finished explaining. >> how can you blame the democrats for an eight-year regime which does nothing about it? >> push this politically or rather financially suicidal loans on the banks, literally allowing unemployment benefits to be used as collateral. those mortgages then get bundled into mortgage-backed securities by the big banks. they're spread throughout the economy. when the housing market tanks, that collapses, the entire economy. it is a fact -- >> why didn't your team do something about it? >> they did. greg man cue, the white house economic adviser, there is a long record, this is a boring subject. >> no, i like it. >> their eyes glaze over when you talk about mortgages. but i'll tell you, the republicans were screaming from the rooftop and i -- >> it is not a boring subject. it is the single biggest crisis facing america. >> and we are at least talking about what it is really about as opposed to what i make fun of democrats in the book for, you ask a democrat what

. >> and it's taken barney frank about 30 years of being in congress to be able to amass $1 million,. >> but even talking about the people who built their wealth before coming to congress, if they're invested in the stock market, that's great. that's the equivalent of having a ceo invested in its own company. you want the people to be incentivize to bring the economy back -- >> except we're talking about an economy with a stock market that's going up but people aren't getting jobs. >> that's true. that's a very fair point. >> hang on. one thing you do need to think about. never mind how much money they've got. what about the benefits that they enjoy while they're in congress? that, perhaps, is more important -- the pension benefits, the sickness benefits, the medical benefits. it's those things that perhaps means they can't understand the difficulties of ordinary working americans. >> and that is probably very true. i want to talk about protests against austerity measures in greece. this week, they turned violent. there are fears of a possible greek default, taking its toll in the u.

democrat barney frank of massachusetts and republican ron paul of texas have authored legislation thatould relieve the fear of federal prosecution in states that allow marijuana. enforcement would be limited to cross-border on interstate smuggling. it will be the first bill of its kind since the plant was outlawed. congresswoman barbara lee of oakland co-sponsored the legislation that will be introduced tomorrow. >>> a bay area woman has been recognized on the national stage. >> it's a dream come true. >> what this oakland mother did more than 40 years ago to change a community in need. >>> and today we had a significant cooldown here in the bay area. now the areas that will have additional meltdowns for your thursday as eyewitness news continues right here on cbs 5. ,, ♪ let's go out to the dmv ♪ it's ok that we're number four hundred and three ♪ ♪ we'll find ourselves a comfy seat ♪ ♪ and watch some shows and stuff ♪ ♪ ♪ let's follow that lady with the laptop ♪ [ male announcer ] now you can watch hit tv shows on your laptop with u-verse online and on your smartphone with u-verse mob

the author barney frank and ron paul co-sponsors including oakland's barbara lee, they say it would limit the federal government's enforcement to smuggling growing and use. lee has been saying it's time to turn the page on this failed drug war. last year californians rejected a measure that would have legalized recreational pot use. medical use is legal here and in 15 other states. >> thank you very much. it's 5:03 now. he's popping up all over youtube. you see it here, a man dressed in women's underwear and high heels all while flying the friendly skies. we're hearing from an airline passenger who says it's unfair for u.s. airways to let the cross dressing man fly while arresting another man for allegedly refusing to pull up his saggy pants. the woman took the picture after complaining about the man. she said nothing was done and the man wearing women's underwear, boarded the flight. she shared the photo when she heard about the arrest of deshon marman. >> so hypocritical for the airline to allow this man who is obviously exposing so much flesh, you know, deshon marman looked like he was

when we interviewed barney frank for this book, we asked him, you know, why would you take them aside as a company all these years when you could have been really helping the regulator to its job? and he said, i felt like they were becoming an adversarial relationship there. we said that's what it supposed to be. we're not supposed to be friends and colleagues here. they are supposed to be overseeing. go ahead. >> if i were to summarize the book in a sentence -- that doesn't mean you don't have to read it [laughter] it would really be how fannie and freddie type to financial industry to capture the regulator. in the industry learned that lesson. it was fannie and freddie is a perfect example, you had to direct her of their regulator in 2002 right away paper of the future systemic risks posed by fannie and freddie in the white house asked for his resignation within 24 hours of that. you had the regulator after an accounting scandal that it didn't do because frankly my mind there is a capture examiner who was in charge. but in the aftermath of that accounting scandal, the regulators sta

. >> traying to strengthen the reg lines fanny and freddie and barney frank and the democrats wants that i worked for fannie, i know, i was there i thought it was the right party at the right time. i was wrong. republicans were right on house policy. all right. richard, let's talking about obama, okay, because now, you know, mark has a fascinating theory about how all those tax cuts somehow weren't at fault the last ten years, here's what we know. for example, we lost 1.1 million jobs in that last ten years, 1.1 million jobs. how could president obama be having this conversation? i mean, shouldn't he say, look, i'm not interested in your wacky theories about how we should do more tax cuts for corporation, which you know the president is having a discussion over. i'm not interesteded in your wacky theories about spending cuts in the middle of a terrible economic situation. why is he enter taping those thoughts? >> well, for a start, the federal deficit is unsustainable. so someone's got to deal with this at some point and i've got start a conversation now, but you're right in the short te