i would say what you know about burnie and they would say, what do you know about burnie? >> someone higher up killed the story. we're the only line of defense. >> hearing was fearful for his life. >> carrying a gun is not a normal dad thing to do. >> this conversation never took place. >> one man with you to this pile of dung and stuck her nose in it and you could not figure out. tavis: i heard you say something the other day, simple but poignant. unfortunately, this is a true story. >> that is how i feel. we could have stopped and in 2000 at the time of the first admission. it should not have been allowed to go to 65 billion. tavis: why was allowed to go to $65 billion? >> the csec was captive to the industry and there were looking the other way. that is the problem with government. industry would like to capture the regulators and that is what happened here. tavis: tell me about what the sec was not doing, what they were not paying attention to that allowed this thing to burgeon? >> they were not looking at the big fraud on wall street by the big banks and the big broke

. ♪ >> on "newsmakers" burnie will talk about the budget, the job creation, and campaign 2012. c-span. but >> this weekend on american history tv on c-span3, david spurrier will show historic documents. leon panetta but working in the republican whip administration of richard nixon. and on the 50th anniversary of bay of pigs ", and author of books at cuban and u.s. relations in the 1950's, and the eisenhower and kennedy in administrations. go to c-span.org/history for more. >> and next, speeches. president obama burgess congress to put aside partisan affiliations to make progress. this is about 10 minutes. >> at the most dynamic businesses in the world call this,. even in difficult times, but there is not a country on earth that would trade places with us. it does not mean that we do not face tough economic challenges. many americans are hurting badly right now. putting these men and women back to work and better wages for everybody has to be our top priority. the response from washington has been partisanship and gridlock that undermines public confidence and hinders our effor