thank you, barney frank.t, tomorrow is not just what we learn from the mueller report, but what the democrats decide do with the information. will they? you are watching "hardball." tch" it comes to the investigation into this president? do you really believe attorney general barr read a nearly 400-page report in one day? and that his 4-page summary is the whole truth? i'm tom steyer, and i'm organizing an effort to to release the full mueller report now and let the american people decide. if you think we have a right to read the report for ourselves, you can call the attorney general at this number. our tax dollars paid for the report. don't let him cover up the truth. (door bell rings) it's ohey. this is amazing. with moderate to severe ulcerative colitis, are you okay? even when i was there, i never knew when my symptoms would keep us apart. so i talked to my doctor about humira. i learned humira can help get, and keep uc under control when other medications haven't worked well enough. and it helps people

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financials, taxes, and much more is jeb hance yarlensarling, cha financial services committee and barney frankm massachusetts who also serviced as financial services committee chairman both are now cnbc contributors welcome to both of you barney, i thought i'd start with you. the title for this hearing coming up -- holding megabanks accountable ten years later -- what do you think about that is that something that you would be in favor of if you were sitting on the committee >> well, i'm not sure what the exact focus is my own sense is that we should be looking at how things have been working since then. i think we have made great progress in holding them accountable. and in fact, changing some of the practices that had caused us a problem. so, i would not myself be focusing to a great extent on the errors that they had made. i would like to look at how things are going i think the general sense is that the regulatory framework we established has been a pretty stable one and a pretty solid one. you know, i know there are people on the right who think we have overregulated, but they also tell u

. >> warren works with congressman barney frank who steers the reforms through the house. >> she fully the political constraints and the need to work around them rather than simply stamp your foot and hold your breath. >> she was doing a campaign. inside of washington and beyond. >> she takes her pitch to the public in the face of opposition. >> what i heard the president saying on the consumer financial protection agency is it's not going down. >> in the process, charms john stewart on "the daily show." >> either we fix this going forward or the game is over. >> when you say it like that, when you look at me like that, i know your husband is backstage, i still want to make out with you. >> this new massive super government bureaucracy would have unprecedented authority. >> i think she started to see she's really going to be a lightning rod. part of the education of elizabeth warren, she started to understand a lightning rod is not necessarily a bad thing. i will own it. i will own that lightning. let it hit me. >> after an intense political fight, what's known as the dodd-frank act na

that was then congressman barney frank going toe to toe with jamie dimon on capitol hill in an explosivering more than ten years ago. remember this, at the time the country was still reeling from the financial crisis and congress hauled in eight of wall street's biggest bank ceos to explain how they spent billions of taxpayers' money. now seven are being called back before the house financial services committee. while the market is doing extremely well, the country is enduring a financial crisis of a different kind. the growing economic disparity between the folks at the very top and everyone else. i want to bring in my panel, bill cohen, the author of "why wall street matters" a book that defends wall street and big banks. he's worked for j.p.morgan. my friend scott galloway from the nyu school of business and founder a business intelligence firm. bret stephens and meghan murphy back with you. bret, i want to start with you. here's what i see, maxine waters no doubt will go after the ceo end zone today. b but we take the last ten years, what did they do? they made huge mistakes. i will

i seem to remember when barney frank was saying, everybody should have a home, make it easy to get an't have before, portfolio in community banks which were making loans, so, yeah, not that it wasn't objective but misguided in terms of executed. that doesn't execute banks for doing stupid things. the irony is refinance activity. we really didn't do much to expand and fell back and a lot of - people lost their homes and there was a very generous capital treatment for banks to do this but regulatory incentives to do this activity which had been corrected now but that was all very much part of it. >> and in terms of post 2008 looking back, the congress overreact. banks were hiring compliance officers. >> yeah. maybe in a different way n terms of a lot of bureaucracy and cost which is on the regional banks and smaller banks than it has big banks, that's where we need to target activity, there's a lot of, thousands of pages of rule-making and guidance, fundamentally change the system, no, it was expensive administratively but it didn't fundamentally change. >> hurt lending small business,

mean, we have -- we set up these debates about the tax plan and whether it was good or bad we had barney franksuming, look, the first quarter slowed to 1% i'm going to pull that bite, that sound bite for next time he's on. but saying, look, we're already down to 1%, so all the benefit from tax reform has already worn off. so, that was the consensus, that that's where we were how did we get to 3.2% and what does this say about this entire year are we in a permanently higher growth rate environment right now? >> right. >> and if it was -- even if it was 2.75%, that's 50% higher than where we were and where we said we could be, really, with, you know, not enough people coming here for the workforce and productivity not increasing. supposedly, we can't do this are we doing it? >> there are two components. one is the gdp report. over 50% comes from exports and from inventories, all right? the highest percentage since, what, 2013 or so -- >> so that's the sugar high people are saying that that accounts for. >> right, but the consumer is doing pretty well. he's in pretty good -- he and she are in pre