vote for barney frank. and i've seen an amazing transformation now that i'm going to have the privilege either to represent the city of new bedford, barney in taylor -- tailor-made suits and i saw that transformation as well. but i've got some big shoes to fill down there. he's beloved in that area. as much as he's dealing with the intricacies of something like dodd-frank, many of the other things he's done representing sidious issues, he is by far the most popular elected official that the fishermen in the new bedford area and southeastern massachusetts area have ever seen. his loyalty to them is probably only eclipsed by their loyalty to him. and he understood, he knows so much about fish. i don't know if i'll ever catch up or ever have the opportunity. but it's amazing how complex that issue is as well. but i would say this. of all the things, all the actions he's taken in his time in public life, one of his most proudest actions would be, not just what people would think is working on dodd-frank, but i t

barney frank was the godfather of fannie mae and freddie mac in the u.s. congress, and the two of them -- mozilo in the private sector, frank in the public sector through fannie and freddie -- were the unholy alliance who allowed the people who with profited from countrywide to create loans that people could never repay. they just turned around and sold those loans to the federal government, and how was that made possible? it was made possible by barney frank through fannie and freddie in the names of altruistic social benefits. housing for everybody, and let's put poor people into mcmanagess that they can't afford. that's the world of atlas shrugged, the world we just barely survived in the financial crisis. >> host: donald luskin, what do you do for a living? >> guest: i'm an investment adviser for other investment advisers. >> host: what does that mean? >> guest: i give strategic ad vice on the stock market and commodities markets to other investment managers to serve customers. hedge fund managers, mutual fund managers, investment counselors, the like.

i prefer easier. >> reporter: barney frank, thank you very much. >> you're welcome. >> warner: barney frank may just stick around capitol hill a little longer. shortly after paul finished that interview, there were reports frank may be appointed to temporarily fill john kerry's seat if the senator is confirmed as secretary of state. >> ifill: again, the major developments of the day: a massive winter storm disrupted travel for tens of thousands of americans across the country and merchants hoped for strong after-christmas sales to rescue the holiday season, as early reports show sales their weakest since 2008. online we follow up on last >> ifill: george bush has been in a houston hospital since seasoned, he's been treated for a bronchitis like cough since november. online we follow up on last night's story about mammograms and ask for your views. kwame holman tells you how to tell us. >> holman: weigh in on the debate over how often women should get breast cancer screenings. there's a poll on our health page. there you also can review a range of professional opinions and find tuesday

barney frank has been one of the great congressmen for years in the united states congress. representing massachusetts since he was elected back in the early '80s. i want to talk to congressman frank tonight. thank you for joining us barney frank. >> thanks for the chance, chris. >> i think you have probably been thinking big about what you have been doing these incredible numbers of years, since the '80s, since the reagan era. can you feel in you or do you sense progress in this country or perhaps decline from the reagan era to the obama era? when you put them all in your head? >> certainly. look, i'll take one very close to me. the question of legal equality for people who are lesbian, gay, bisex you'll or transgender. that fight is about over. it's sort of odd to hear mitt romney complaining that president obama got an advantage because he was for same-sex marriage. not very long ago that was a wedge issue bob dole was using against bill clinton. i think we've made progress in some other areas. clearly be done and we have the deniers of global warming, but we're reducing

barney frank entered congress at the start of the reagan revolution. he's leaving it as it begins to crumble, some say. the man from massachusetts joins us tonight. >>> finally, consider yourself warned, barack obama is a socialist leading the country to communism. that's the latest from the sage of wasilla, sarah palin. that's what she's still saying. and this is "hardball," the place for politics. >>> political campaigns are always competing to figure out the best ways to use social media. as the romney campaign learned, not all publicity is good publicity. yahoo! announced its top search terms of the year, and three of the top ten came from the romney campaign. good news? not really. coming in at nine, etch-a-sketch. romney adviser eric fehrnstrom's famous prediction he would shift sharply to the middle in the general election and did. number eight, eastwooding. inspired by clint eastwood's bizarre convention performance. talking to that empty chair. number two yahoo! meme, binders full of women. that came out of the second debate as romney clumsily

. >> joined by congressman barney frank of massachusetts. it is good to see you, congressman. good evening. >> thank you. >> you're coming -- the senate's coming back at 11:00 tomorrow morning. what are chances there will be something to vote on, do you think? >> i think there are very good chances there will be something to vote on. the question is whether it will be a bipartisan agreement or simply the senate democrats putting a vote and hoping republicans will vote for it. trying to get an agreement is difficult because that gives right wing of the republican party this big veto. a number of republican senators, not just those generally considered to be moderate, have said that they agree that it is important now to keep taxes from going up on most people and accept the reality that they will go up by the top 1 pshgs 2%, 250,000 in income and above. and it does look, to me, that there are enough votes if senator reid puts that on the floor for it to break the 60. but the republican probably going to filibuster it. >> even at 250,000, not 400 or 500, other numbers that have

barney frank entered congress at the start of the reagan revolution.e's leaving it as it begins to crumble, some say. the man from massachusetts joins us tonight. >>> finally, consider yourself warned, barack obama is a socialist leading the country to communism. that's the latest from the sage of wasilla, sarah palin. that's what she's still saying. and this is "hardball," the place for politics. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beach

thank you. >> coming up, the one and only barney frank is leaving washington. not before his "politics nation" exit interview. you'll want to hear what he's saying about the gop future. and a scandal is brewing around the revvie awards m all. all kinds of out rage. stay with us. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> >>> there's a growing controversy to tell you about tonight. and it has something to do with this. ♪ i am so in love with you >> that's right. all the out rage involves president obama singing. and chris christie is also involved. probably not what you're thinking, though. we'll fill you in ahead. stay wus. le thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purc

i think we made some progress in other areas including environmentally. >> barney frank talking in hisleep. >> hadn't even noticed that through the glare on the glasses. barney frank, a great congressman and a great guest, even with his eyes closed. >>> and who can forget this moment following the iowa caucuses. >> if you had told us one year ago we would come in third in iowa, we would have given anything for that. and you know something? you know something? not only are we going to new hampshire, tom harkin, we're going to south carolina and oklahoma and arizona and north dakota and new mexico. we're going to california and texas and new york. we're going to south dakota and oregon and washington and michigan, and then we're going to washington, d.c. to take back the white house! yeah! >> it was the scream that defined howard dean's ill-fated candidacy. intense to borderline manic. research conducted for a group called media cultured society shows it was his microphone because it only picked up his remarks for tv, not the crowd's boisterous cheering around him. a video camera picked

i'm joined tonight by congressman barney frank from massachusetts. congressman, great to have you with us tonight. >> thank you, ed. >> where should the emphasis be when it comes to cuts? boehner says he's got to have spending cuts. there's not enough spending cuts. where do you think the emphasis should be when it comes to spending cuts in an effort to get a deal? >> being that i've done a lot of work in banking i'll quote somebody who had a great relationship to banking. the bank robber willie sutton. they asked him why he robbed the banks at least reputedly and he said that's where the money is. if we're going to cut let's go where the money is. in the military budget, particularly in that part of the military budget unrelated to legitimate national security needs, unrelated to the need to protect people who really are in trouble. we are still fully stocked to wen a thermonuclear war with the soviet union long after there isn't one. we are still protecting germany, italy, england, and austria from staalin and his successors even though they are no

, soon to be former congressman barney frank from massachusetts they came and spoke.a photo on our facebook page. >> at facebook.com. >> we tweeted it at bpshow with me and mark levine and barney frank and david shuster. check that out this morning. richard engel was partying in turkey because he was freed after five harrowing days of captivity, the best foreign correspondent on the planet working for nbc, just incredible. does great, great reporting, fearless and shows up everywhere. he was in syria. let him tell what happened to him and his team. >> we were driving in syria about five days ago we were with some of the rebels. as we were moving down the road a group of gunman just jumped out of the trees and bushes. there were probably 15 gunmen wearing ski masks, heavily harmed. they dragged us out of the car. they put us in the container truck. >> can you imagine? really, really scary. he said there was no physical torture but psychological torture for sure. you wouldn't get me in a situation like that >> dan: i am telling you man >> bill: the closest i ever came w

still to come my two cents more on barney frank's next career move. it is a shocker.t? scott martin will tell us whether santa will bring a bull or a bear a what 2013 has in store for us. ♪ . melissa: "fox business alert" for you now. tflix is facing scrutiny over a facebook post by its ceo. listen to this. securities & exchange commission recommending action be brought against ceo reed hastings. he posted hisonline video, viewing exceeded one billion hours for the first time ever in june. information how the company was performing. the sec says that information should have been disclosed in a regulatory filing or news release. shares of netflix rose more than 6% on the day ofhe post and another 13 points on the next trading day. in response to the sec notice hastings used facebook again toall the probe a fascinating social media story. wow! taunting them. and while the dow and s&p ended the week in the green, wall street seems pretty split how the market will perform in 2013. some analysts predicting gains as much as 14%. others a loss as much as 2%. scott martin, ch

still to come my two cents more on barney frank's next career move. it is a shocker.tle christmas for the stock market? scott martin will tell us whether santa will bring a bull or a bear and what 2013 has in store for us. ♪ . twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducinthe ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10larges chooseshares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. readnd consider it carefully before investing. risk includes possible loss of principal. readnd consider it carefully [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. melissa: "fox business alert" for you

still to come my two cents more on barney frank's next career move. it is a shocker.le christmas for the stock market? scott martin will tell us whether santa will bng a bull or a bear and what 2013 has in store for us. ♪ . the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital e cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. melissa: "fox business alert" for you now. netflix is facing scrutiny over a facebook post by its ceo. listen to this. securities & exchange commission recommending action be broht against ceo reed hastings. he posted his online video, viewin exceeded one billion hours for the first time ever in june.

still to come my two cents more on barney frank's next career move. it is a shocker.ttle christmas for the stock market? scott martin will tell us whether santa will bring a bull or a bear and what 2013 has in store for us. ♪ . i look up to a lot of the older heads, you know, the innovators, the heads of the art movements of the past. they kept it really edgy, and, like, lot of the latin american muralists and the latin american artists, their styles are very unique and new to their time, you know, somewhat controversial, but that's who i look up to mainly. personally, i'm very excited about going to college. it's something new, nd it's something different than what i'm used to. i'mefinitely going to be a little out of my element, but that's what makes it so exciting is that, you know, it's something fresh. well, there's so many opportunities that i think i could miss out on if i didn't go, you know. getting into college takes planning and vision. you know, it's just like when i take a brick wall and turn it into a canvas for my art. painting's helped me realize i've

caller: it will be barney frank that i will miss the most.he are still more to be done on be donerule and alan west i will miss the least. host: what comes to barney frank, is it his efforts on banking? caller: it is mainly his efforts in banking. i think democrats are losing a very important resource in there. i understand the democrats are not in power in the compress -- in the congress and must be boring for him. i wish to be governor of massachusetts would appoint him as the interim senator. host: do you think banking legislation has had an impact? caller:no, because the republicans have blocked the dodd-frank rule. i think that will need to be implemented. we're not really safeguarded from another meltdown until it does. host: from twitter -- he was nominated by the president last week as his choice for secretary of state. he faces a formal hearing process. this is from spring hill, fla., republican line. caller: the people i would miss a have already been mentioned. the least of all would be alan west. i think the tea party was a good m

widow victoria might have interest in this, as well as speculation about the outgoing congressman barney frankat he would have -- be interested in this. politico in a new article today quotes frank as saying he is tired. but is the governor there tipped his hand to victoria kennedy or barney frank as an option? >> he hasn't. he has to make up his mind. he said he expects to appoint an interim who will not run for the seat. i think he's under pressure from democrats both in the national party and the u.s. senate, even in the white house that maybe that's not the best option. they have to have somebody in there to run and be able to hold this seat and try to avoid a divisive primary. it's not a good situation. we've had this picture before with scott brown who does very well in special elections. he's the republican who stunned the world in 2010 and grabbed a seat. he lost it in the tough election this time around but in a special election, a low voter turnout, he'll be strong and we're not seeing much from the national democrats yet and i think they got a real problem here. >> frank, talk about

markey: now on barney frank, barney frank is at the same time the smartest member and the witnessiest member of the united states congress -- wittiest member. he has a nuclear power plant for a brain. there is nothing that he cannot recall when he needs it here in this legislative process. now, over his career, he is usually right, but too soon for many people to be able to accept. that is how far ahead he was on so many of the issues which we worked on here in the house of representatives. his political philosophy, if you want to negotiate, he wants peace. he would love to negotiate you -- with you. he knows that he will outnishte you, but -- outnegotiate you. but if you want political war, he will give you that, too. the truth will ultimately prevail. when he was in the state legislature when i served with him, when we had monumental battles on whether or not to reinstitute the death penalty in massachusetts, whether or not we were going to have a black senate seat in massachusetts, it was barney frank who led the efforts to sustain the veto that would make sure that our state would

barney frank of massachusetts, in what i hope is not his last interview on "squawk on the street."n, good morning. >> good morning. last member of congress, but not last. >> let's talk about what's happening today, before we move on to broader topics. if in fact mcconnell and reid can put something together, are you convinced house republicans are ready to receive it? >> yes, john boehner has honestly acknowledged that he was not able to get his alternative on the floor. and there has been this policy that they wouldn't bring up a bill when the republicans were in power unless it had enough votes to pass among the republicans. but speaker boehner has, i think, quite appropriately said he's not going to abide by that. he is committed, as i've read and heard, to bring anything the senate passes through the floor. if that has, the senate was able to pass something, what would probably happen then, it would clearly pass the house, perhaps with a minority of the republican votes. the issues that were holding back some democrats has been resolved, the reduction and cost of social securit

. >> barney frank. last time congressman frank and i interviewed together, it got interesting. he's coming back on. good man. >> >> the best i know, he's going to want to be on squawk box. he's done nothing since he took over that job. we look forward to hearing from the blackberry coo this morning? >> if free exchange is free to. ♪ but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. made a retirement plan, they considered all her assets, even those held elsewhere, giving her

. >> barney frank and burton from the house, jon kyl, kay bailey hutchison, lieberman and nelson joinf the house and senate hanging up the congressional careers. 2012 also marked a milestone in implementation of president obama's healthcare law. in the 5-4 decision in june, the u.s. supreme court ruled a major crux of obamacare, the individual mandate is indeed constitutional. >> happy and pleased to put the supreme court ahead of partisanship. >> against the federal government that claimed map dated was violate of freedom. >> the republicans won't let up so what ever to repeal the terrible law. >> justices heard arguments from both sides and record-setting three-day hearing in march. at the time, it was unclear which way they were leaning. >> do you not have a heavy burden of justification to show authorization under the constitution? >> purchase insurance in this case. something nellis the next case. if the government can do this, what else can it not do? >> there are several outstanning suits channeling the law, meaning obama care will be a hot button issue in 2013. they are locked

this sounds like what barney frank said in 2003, 2004, 2005. >> bob: the alarmists around the table areere. only 11% of the student loans are over 90 days late. >> eric: higher than any other time. >> bob: in the middle of a recession. coming off a recession rather. to have jesse waters go out with floozzys and says that represents college -- >> eric: the government demands no collateral no, credit -- >> bob: so what? >> eric: how about this one? the parents, the parents plus program. a parent can take out a loan for the kid's student debt but the kid graduates from college. he is not on the hook for the loan. if he walks away he keeps he his job and no loan. >> brian: they are hoping they walk away and the government has to pay for everything. staggered to find out 20 million kids go to school and 12 million borrow money to go to school. the question is as senator corker brought up, should we pile debt on the students? well meaning kids that want to go to school. >> bob: should we let them go to barber school? >> brian: two things. i would like to see pressure and accountability when i

. >> barney frank and burton from the house, jon kyl, kay bailey hutchison, lieberman and nelson jointhe house and senate hanging up the congressional careers. 2012 also marked a milestone in implementation of president obama's healthcare law. in the 5-4 decision in june, the u.s. supreme court ruled a major crux of obamacare, the individual mandate is indeed constitutional. >> happy and pleased to put the supreme court ahead of partisanship. >> against the federal government that claimed map dated was violate of freedom. >> the republicans won't let up so what ever to repeal the terrible law. >> justices heard arguments from both sides and record-setting three-day hearing in march. at the time, it was unclear which way they were leaning. >> do you not have a heavy burden of justification to show authorization under the constitution? >> purchase insurance in this case. something nellis the next case. if the government can do this, what else can it not do? >> there are several outstanning suits channeling the law, meaning obama care will be a hot button issue in 2013. they are locked i

joining me now is congressman barney frank, democrat from massachusetts and former chairman of the financial services committee. chairman frank, thanks for joining me today. >> let me ask you, will this time be different? do republicans understand we have to change our gun laws now? >> i'm not sure they do. but the democrats do and it is different. i've been in support for tougher gun laws for some time. but i've got to explain to my liberal fans that we haven't always had the vote. there are parts of the country where, unfortunately, the support wasn't there. newtown has changed that. the majority of people who wanted unrestricted gun ownership and ammunition ownership cared so strongly about that that they had more points than one group of people through a high priority issue. now it's a high-priority issue. and a large number of democrats say we're going to do the right thing. and the fact is now they'll have the courage of their convictions. some republicans will also agree to that. i believe you're going to see early in the next congress, a few legislative successes. >> but the nra will

chris dodd and barney frank.o you think that this process ever stops unless we do something differently in washington, d.c.? unless taxpayers get involved and are willing to own the responsibility of accountability. host: republican caller, england, tony. good afternoon to you. caller: i have a comment and a question. my comment, in all of the discussions surrounding the budgetary problems. what is the target number we're looking for in terms of lowering spending or increase lending? what is the five-year, 10 year, 15 year outlook on the deficit? how much money will be put towards lowering the deficit? guest: a great question. people need to understand that in washington, d.c., we do budgets differently than you do back home. we have something called a baseline budget which is not about spending more next year than last year. we go by the cut from the growing baseline that constantly ratchets up the budget. for all of this hysteria about the sequester, this year we have a $1.30 trillion deficit in total cuts belo

then he had to step aside when another up and comer named barney frank got all the support.n 1982 race for lieutenant governor of massachusetts. the job wasn't much, but at least it was something. but the odds were long. there were a lot of ambitious democrats in massachusetts. and they all had the same idea. kerry had trouble qualifying for the ballot. he was an afterthought at the state convention. if he lost the primary, he'd probably be done for good. somehow he pulled out that race with less than 30% of the vote in the primary. all that got him was the lieutenant governors office which has snuffed out a few promising careers before. but there was an unexpected senate opening. without that twist, he might be in

barney frank every chance you give him he'll talk loudly why it's the correct thing to do.e a chance that the republicans will give him that one? >> it depends on what happens between now and the first of the year. if you go over the cliff and all the tax cuts expire and sequestration takes affect, that gives the president the ability to reorganize the defense budget in a way that tracks what he wants to do with the military spending, which is to slow the growth or even to freeze the growth in real terms. if they cut a deal beforehand and then push off the sequester then i think it throws it back in congress' court and they'll keep doing what they want to do with defense spending, as you know and everybody knows house republicans want a lot of defense spending. so they're going to try to spend a lot of money there. >> eliot: indeed, they do, a lot of jobs and loft republican districts depend upon it. it's understandable. dan, equalizing the tax rate for capital gains why didn't the white house make a push on that one and say okay, you don't want to raise marginal rates acro

as barney frank frank did one time.on't do it when someone sincere his tried to answer my question. >> 15 years ago there was a crying need for a network that focused more on conservative issues. fox has done that. msnbc has now come along and tried to provide -- not because it saw the need for an ideological balance but it saw the balance sheet. >> getting their butt kicked but there's a big difference between fox and msnbc. >> what do you think it is. >> do you know. >> i don't know. >> we actually do hard news here from 9:00 in the morning until 5:00 in the afternoon. eight hours. and msnbc doesn't do one hour of hard news. it's all, let push the liberal democratic agenda from signon to sign off. >> i don't think anyone is going to be confusioned as to the ideological belief of most of the people who appear on fox. >> i think that's grossly unfair to the hard news reporters. okay? if you look at our bureau system and the people we have reporting, the network is more traditional. i think that's a fairer term -- than t

representative barney frank, david dryer and dan burton from the house, joe lieberman, olympia snow andben nelson will join 21 members of the house and five other members of the senate in hanging up their congressional careers. 2012 also marked a milestone in implementation of president obama's health care law. in a 5-4 decision back in june, the u.s. supreme court ruled the major crux of obama care the individual mandate is indeed criminal constitutional. >> happy and pleased. >> the decision was the result of lawsuits brought by 26 state attorneys general against the federal government who claimed mandated participation was violation of american's freedom. >> republicans won't let up whatsoever in our determination to repeal this terrible law. >> the justices heard arguments from both sides in a record setting three-day hearing back in march. at the time it was unclear which way the justices were leaning as both conservative and liberal justices seemed to question its validity. >> do you not have a heavy burden of justification to show authorization under the constitution? >> purchase

you know, barney frank told me he eats pot brownies and sir richard branson said he'd eat pot browniecops going to leave users alone, and just go for the dealers? are they really going to pursue this? >> at this point, it looks like everyone's going to take a break and step back and see where things go. it's going to be legal to possess. going forward, it's not likely they are going to do after dealers, but they don't want people flouting the law. they want to put these processes into place and they will tax it all at 25%, by the way, and they believe in the first couple of year, they'll make as much as $5 million a year. a pretty big piece of the budget. >> it certainly is. the problem is though, this is all states rights versus the federal government. but it's still a federal crime, so what's the federal government going to do? could they shut it all down? >> this is the $64 billion question. what is the federal government going to do. the only thing they've said is they're reviewing the laws, they're going to sit back and see how they are implemented and see where they can go from

barney frank told me he eats pot brownies and he said off camera to me he'd eat pot brownies.be i have to try them. are cops going to leave users alone and go after the dealers? are they going to pursue this at this point? >> reporter: at this point everybody is taking a break and steps back and see where it goes. it's legal to possess. it's not a high profile crime. going forward it's not likely to go after dealers, but they don't want people flaunting the law. they want to put all the processes into place so they will tax it all at 25% by the way. they believe that in the first couple of years they'll make as much as $500 million a year to the state budget. it's a pretty big piece of the budget. >> it certainly is. the problem is, of course, this is a whole state's rights versus the federal government. you have colorado and washington saying we're going ahead with pot being a-okay, but it's a federal crime. what is the federal government going to do? could they shut it all down? >> reporter: this is the $64 billion question, what is the federal government going to do? the on

. >> next, representative barney frank will be here.says we need more criminal prosecution of financial misdeeds. in fact he wrote a letter to eric holder. he is your guest. by the way, everybody on a flight from newark to cleveland watching, have a great flight. thanks for tweeting the picture after cocktail. charge it to her. back right after there. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express [ maby december 22nd break from the holiday stress. for christmas delivery. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected sig

. >> i only do it when they filibuster or when they lie as barney frank did that one time. is sincerely trying to answer my question. it's not like it used to be. >> 15 years ago there was a n d crying need for a network that focused on conservative issues. fox has done that. msnbc has now come along and tried to provide not because it saw the need for an ideological balance but sort of a balance sheet. >> they are getting their butts kicked. there's a big difference between fox news and msnbc. do you know what the difference is? >> tell me. >> you don't know what it is? >> i am asking you. >> you don't know? >> we do hard news from 9 in the morning until 5 in the afternoon. 8 hours of hard news. msnbc doesn't do one hour of hard news. it's all let's push the liberal democratic agenda from sign on to sign off. this is a news agency here. >> i don't think any one is going to be confused as to the most of the people who appear on fox. >> i think that's grossly unfair to the hard news reporters. if you look at the bureau system and the people reporting the network is more trad