carolyn maloney, let me just go to you.nke outlines it's not a good economy, he's worried about employment and unemployment, he's worried about europe, fiscal cliffs, he's worried about everything, but he didn't pull the qe-3 trigger. do you think he should have pulled the qe-3 trigger? >> i don't think he wanted to make any commitments before the june 19th federal board meeting so he didn't come out strongly in any direction. he kept all options on the table. but many of the people around him did pull the trigger for any stimulus that's needed or any support for a fragile economy. janet yellen, the vice chairman of the fed, most economists, zandy to nobel laureate krugman, to more involvement, particularly when you see the crisis in europe and downgrowth in china, 2% looks good. i think he's done a good job, mr. bernanke and hopefully he'll do everything he can to keep this economy moving and to support a fragile economy. >> i pose the same question to you. as carolyn put it, you got a shaky world economy, a fiscal cliff,

carolyn maloney stated the chairman issa called eric holder a liar. these things happen here. is it beyond the pale of reason or reasonable thinking here to factor in race or is it truly just about what we're seeing partisan politics on every level that will weep witness within washington? >> well, i think listen, the imagery i think feeds into the talk and the debate about race. but i think when you kind of really kind of narrow down and look at this, this is just brutal washington politics. it's happened before. it's going to happen again. i think it's unfortunate. i do not understand this from a political perspective what the republicans are thinking. you're going to suck up about a week of news and talk about something that no one can figure out exactly what it actually is, instead of talking about the economy or issues i imagine they want to talk about, you're going to be completely distracted into something that is political and ugly and just not i think where people want to be focused on. >> absolutely. again i can't bring up enough, you have a family who has lost a lov

congresswoman carolyn maloney, thank you for your time. i appreciate it very much. let's turn to jonathan alter. you were on the hill today, jonathan. you spent some time, you bet, you spent some time with nancy pelosi and her reaction, i thought, was very interesting. she said it doesn't serve our country, and it undermines the true purpose of contempt of congress. that's why i didn't arrest karl rove when i had the chance. what did she mean when she said that? >> well, you know, karl rove resisted a lot of efforts for him to testify on things like the firing of u.s. attorneys for political reasons during the bush administration, and they could have very easily voted with democratic control of the house, they could have held rove in contempt, and as speaker pelosi, leader pelosi indicated today at this lunch she had with a few reporters, there's actually a prison in the capitol, and they could have hauled rove into the prison for refusing to testify. and indeed, john boehner will have the power if the vote goes through next week, and there's every expectation they

carolyn maloney. >> hi, i'm congresswoman carolyn maloney from new york. god bless america, god bless the constitution, and god bless all of the presidents on both sides of the aisle that have made health care their top priority. thank you, president obama. it is a great day, it is a great day for americans. not for one party or the other or for an ideology, but for the 34 million americans who will have access to affordable, available health care. and it is a great win for our seniors who will no longer fall through the doughnut hole, and for women who will not be discriminated against by insurance policies that historically charge them more for their premiums than their male colleagues. and women will no longer be treated as a pre-existing condition, thereby denying coverage for pregnancy, for c-sections and the very important preventative measures in the bill that will help prevent cancers and diseases. it is a great victory for our country, which is joining that family of economically advantaged countries that are providing health care to their people,

our first contestant is new york representative carolyn maloney. differentiate that privilege. >> if it gets to the point where you can't even communicate in a-- in an agency or all of your documents have to come to the public, it will be difficult for people to really express themselves, and he drew the line there. >> jon: drawing line, a fine explanation, the president of the united states needs to protect his ability to get advice,. if that advice is something something incredibly stupid like why don't we let mexican drug smugglers smuggle guns into mexico and not track them for no reason whatsoever. is that different from how republicans justified bush. >> the president has to have advisers that know when they advise him they can speak frankly and speak in confidence. >> the court has long honored the president's need to keep advisers' advice confidential ( buzzer ). >> jon: it's the same. next jay carny. >> president obama has gone longer without asserting the privilege than any president in the large three decades. >> jon: excellent excuse! c

. >> that is congressman darrell issa, committee chairman, and member carolyn maloney of new york, a democrat. for those of you wondering what this business about eric holder is about, a sting operation wher -- fast and furious was a stg operation whe guncoul be traced to mexican drug cartels. a couple dozen weapons in all. at -- a couple thousand weapons in all. atf lost track of them and they were possibly involved in the murder of a border agent. republicans say that the attorney general have been withholding documents central to the investigation. this week, the white house in about executive privilege. why hasn't the attorney general given the committee everything they ask for, colby? >> the executive privilege issue is one we've seen, over and over again with administration's, republicans and democrats. it is probably legitimate to invoke executive privilege if the documents give a whit what the prosecution is a criminal case. i tend to favor more disclosure and less secrecy. >> if you invoke executive privilege, it sticks to the president, doesn't it the committee have overrea

. >> that is congressman darrell issa, committee chairman, and member carolyn maloney of new york democrat. for ththose of you wondering what the bubusiness with eric hold is all about, it starts with astin 40's, sting operation -- fast and d furious, a sting operation where atf puputt weapons in the hands of drug smugglers so they could be traced to ththe cartels. a couple thousand weapons in l. atf lt track of the firearms, many of which interest crimes including the murder of a border patrol agent. republicanans on the committee is said that the attorney general has been withholding documents esntial to the investigation. this week, the whihite house invoked executive privilege. why hasn't holder given the commitittee everything ask for? >> he has given over 7000 documents. this is executivive publisher isis one have seen, over and over agn with administrati's republicans and democrats. it is probably a legitimate to invoke executitive privilege if thee documents give away w what prosecution is trying to do in a criminal case. i don'n't know what they are trying to get access to. i tend

. >> that is congressman darrell issa, committee chairman, and member carolyn maloney of new york, democrat. for those of you wondering what this business with eric holder is all about, it starts with fast and furious, a sting operation where atf put weapons into the hands of suspected gun smugglers so that those weapons could be traced to mexican drug cartels. well, atf lost track of the firearms, many of which had been traced to crimes, including possibly the murder of a border patrol agent. republicans on the committee it say that the attorney general has been withholding documents central to the investigation, and this week, the white house invoke executive privilege. why hasn't older given the committee everything and ask for? >> he has given over 7000 documents. now the executive privilege issue is one that we've seen, over and over again with the administration's and congress, republicans and democrats. it is legitimate to invoke executive privilege if the documents to what the prosecution is trying to do in a criminal case. i don't know what they are trying to get access to paid i t

specifically, i want to commend congresswoman carolyn maloney who serves on this subcommittee and serves with me on the financial services committee. we don't often see eye to eye on matters of public policy, but in this instance, we collaborated and worked together to take the legislation i introduced to improve it. caroline has a number of concerns about fraud and a number of investor protection ideas. we worked very diligently, very diligently to craft a very balanced bill that we're able to pass not just out of committee but on the house floor. before it came to a vote on the house floor, president obama put forward a statement of administrative policy that he endorsed and signed the bill. well, unfortunately, due to a few senators that misinterpreted the spirit and promise of crowd funding, the senate inserted imperfect provisions that jeopardized the vitality of equity based funding and complicated sec rule making. as the sec considers comments crowd funding, the crowd funding tielt of the jobs act it's clear that the 11th hour changes have unnecessarily made sections of the job ac

legislation we passed, there were 400 votes that i authored here in the house with the help of carolyn maloney was a different construct, so -- so does this discretion, professor bradford, place at risk the viability of crowd funding to actually take place in the real world? does that -- you know, even if the s.e.c. acts counter to the bipartisan support of this provision and the idea and even the president of the same party of the majority of the s.e.c. commissioners. >> well, as i said, for these small offerings cost is an extremely important consideration. the more regulation the s.e.c. adds, the stronger that regulation, the greater the cost of, number one, understanding what the requirements are and, number two, complying with that regulation, and at some point, if the statute itself hasn't already reached that point, we reach a point where the regulatory costs makes use of the crowd funding exemption infeasible. >> so what are the areas of greatest concern for you, professor bradford in how the law is actually written dealing with crowd funding? what are the number one through -- what ar

to press him on things like the size of the loss and risk management, including representative carolyn maloney. listen how she pressed him how changes in risk measures s as chief investment officer may have caused these greater loss. >> were the risk limit rules raised while the loss making position was on the books? >> no, they sometimes limit triggers and as you prefer the focus in details, some things you were told about when the limits were hit, they did that whey were supposed to do. >> did they raise them? >> they do get raised sometimes, yes. >> why? why were they raised again? >> i don't know if they were raised. sometimes they do get raised. >> so you don't know whether they got raised or not? >> they might have been. i don't recall it. >> other than that, pretty much what dimon said the last time. apologized for the loss and to lawmakers for taking up their time. he said their time and his would be better spent focusing on really critical issues at this time included the problems in the euro zone. back to you. >> stick with us. how did dimon do? let us bring in ben white for walt pol

. >> tonight, congress woman carolyn maloney on the republican witch hunt and jonathan alter with the >> republicans are still scrambling after the president's immigration move. >> the biggest problem i have with it is he ignores the constitution of the congress a

. >> i want to play something that carolyn maloney said in yesterday's proceedings. >> it shouldn't bechhunt against the attorney general of our country in an election year. >> is this an issue that simply is red meat to the base, to folks like yourself that john boehner had to throw to you guys because you wanted it to desperately? >> no, it's sad and disappointing we got to this. remember, luke, just think, just close your eyes and think about this. our federal government, department of justice, the alcohol, tobacco and firearms, purposely, on purpose, gave the drug cartels nearly 2,000 weapons. the bulk of which are ak-47s. we have a dead u.s. border patrol agent, 300 dead mexicans, you have a program that according to the to your knowledge general was fundamentally flawed. we have an april or february 4th, 2011 letter is e7b9 sent to congress that had he had to pull back because it was false and misleading. you have all the makings that congress should as a duty and responsibility dive into. you can't just simply ignore this. this is not a partisan game, and the white house and dep

. >> that was congresswoman carolyn maloney earlier today.rat on the committee and will join us live. plus, was mitt romney pressured by conservatives to make it clear that will tea party favorite marco rubio is being vetted after all? we'll play what the governor said in a new interview. ♪ ♪ ♪ ♪ you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose increases. patients may experience loss of appetite or weight. patients who weigh less than 110 pounds may experience more side effects. people at risk for stomach ulcers who take certain other medicines should talk to their doctor because serious stomach pro

. >> tonight, congress woman carolyn maloney on the republican witch hunt and jonathan alter with therepublicans are still

. >> reporter: but new york's carolyn maloney and other house democrats, charged republicans are merelya political witch hunt. >> this is not about discovering the truth. this is about politics. this has become an obsessive political vendetta pursuing a political agenda in a season of unusually ugly politics. >> reporter: in the end, more than half of the democrats walked out in protest, refusing to vote on the measures. the criminal contempt resolution approved today sends the matter to the u.s. attorney for the district of columbia who, under the law actually, reports to holder. the civil contempt finding allows the house to take holder to court to get what it wants. shortly after the votes, the attorney general spoke in new orleans and voiced regret that it's come to this. >> today's vote may make for good political theater in the minds of some, but it is at base both a crass effort and a grave disservice to the american people. they expect and they deserve far more. >> reporter: but the house is unlikely to see more documents soon, because president obama invoked executive privilege

bill: there is carolyn maloney, republicans might argue that this is what the hearing is all about to again. bret baier is with me now, host of special report. chuck grassley came out with a strong statement and asked three pointed questions to the white house. here is one of them. how can the president assert executive privilege if there is no white house involvement? where does this go? how does it unwind? >> i think bill those are great questions, and to congresswoman maloney's point about reform, you know this has been 18 months back and forth about trying to get these documents, and they know -- congressman issa knows specifically what documents they are looking for in fast and furious. it's after february, it was this back and forth about a letter that the doj sent up that they had to pull back. not to get too much into the weeds, but this committee knows exactly what they are looking for. at any point the administration and the tk-rbgts oj, attorney general eric holder said you know what we can assert executive privilege, the white house could have got even involved long long a

i want to acknowledge carolyn maloney. [applause] thank you. you for the great work you have done. i want to thank all of you who have helped to make this event possible. most of all, i want to thank the guy behind me here. president clinton and i had a chance to talk of a dinner before we came up. -- over dinner before we came out. we talked about a lot of things. we talked about basketball. we talked about our daughters. we agreed you cannot be daughters -- beat daughters. [applause] sons out there, we love you too. we both agree we have improved or gene pool because we married outstanding women. [applause] but, whenever the topic, whatever the subject, what i was reminded of when i was talking to president clinton is just how incredibly passionate he is about this country. and the people in it. you do not talk to bill without hearing at least 30 stories about extraordinary americans who are involved in clean energy or starting a whole new project to teach kids math or figuring out how to build some new energy-efficient building. you name it.

we have carolyn maloney, representative from new york's 14th.uest: take a look at some of the most affluent districts in the nation are obviously held by democratic members, somebody was not always in favor of cutting taxes specifically for well-off americans. at the same time, you do have americans to recognize good tax policy. chuck schumer is always nervous about raising taxes too much on financial industries, capital gains, because he knows it will have a major impact on new york city. it will be interesting to see how the members come out and what they decide to do when so many of the constituents will be adversely affected. host: there is an argument on twitter, as well as our callers, that the wealthiest americans should contribute more. they do have the money and resources. in this tough time with the debt looming, should they -- guest: suck it up? they are paying the most% of taxes. obviously americans feel they should pay that much, but the question is, at what point should you raise taxes so much were you have the adverse affect where

we have carolyn maloney, a representative from new york's 14th come henry waxman for the 40th. >> guest: it's interesting because we take a look of the most fluid district in the nation held by the democratic members from somebody that sometimes isn't always in favor of cutting taxes for the well-off americans. but, you know, at the same time you have democrats that recognize the good tax policy, for example senator chuck schumer is always nervous about raising taxes too much. the financial industry's on capital gains because it will have a major impact on new york city. it's went be very interesting to see how the members come out and what they decide to do when some of the constituents are going to be so adversely affected. >> host: there is the argument some people as expressed on tour as well as the callers that the wealthiest americans should contribute more. the reason why they are asked to do more is because they do have the money and the resources, and this time would be the debt looming. should they just -- >> guest: it's one of those things where the wealthy, as i said, they a

[applause] >> i am congresswomen carolyn maloney. god bless america act, god bless the constitution, and god bless those on both sides of the aisle who have made health care their top priority. thank you, president obama. it is a great day for americans, not for one party or another or for an ideology but for the 34 million americans who will have access to affordable, available health care. it is a great win for the seniors who will no longer fall through the doughnut hole and four women who will not be discriminated against by insurance policies that historically charged them more for their premiums than their male colleagues. and women will no longer be treated as a pre-existing condition. thereby denying coverage for our pregnancies, sections, and the very important preventive measures in the bill that will help prevent cancer and diseases. it is a great victory for our country which is joining that economically advantaged countries that are providing health care to their people, all their people. and time to go back to work, cre

specifically, i want to commend congresswoman carolyn maloney, who serves on the subcommittee who servesnd also serves with me on the financial services committee. we often don't see eye to eye on matters of public policy, but in this instance, we collaborate and work together to take the legislation that i introduced to improve it. now, carolyn had a number of concerns about fraud and a number of investor protection ideas. a very balanced bill that we were able to pass, not just on the committee, but on house floor. and before it came to a vote on the house floor, president obama put forward an administrative policy that he endorsed and would sign the bill. due to a new senators who misinterpreted the spirit and promise, the senate inserted imperfect, we will discolor imperfect provisions. they jeopardize the vitality of equity-based funded and sec rulemaking. the sec considers comments regarding company, the crown funding title of the j.o.b.s. act, it is clear that the 11th hour changes have unnecessarily made sections of the j.o.b.s. act and ambiguous and inconsistent. today's hearing

there is a carolyn maloney running around maryland. almost every american or many of us have had that inconvenient situation happen to us. in their report they say 5.5 billion total attacks are blocked, were blocked in 2011. so not only do we have to look at ways to continue to block this but we need to continue to look at ways to protect our capital markets and our industries, both public and private, the information that we have. i look forward to hearing from the, from the witnesses today and i yield back. thank you. >> thank you the gentlelady yields back. the gentleman from arizona for two minutes. >> thank you, mr. chairman. i will actually try to be fairly quick. what i'm hoping to actually hear from the panel and should i be worried that there is another one of you running around maryland? >> there is. the fbi is looking for them. >> it is a combination of a handful of things. first off right now the way we allocate liability. are we creating incentives or disincentives for some folks within, shall we say, the financial food ch

there is a carolyn maloney running around in maryland. many of us at that inconvenient situation happened to us. and their report they say 5.5 billion total attacks are blocked in 2011, so not only do we have to look ways -- look at ways to continue to block this, but to protect our capital markets and our industries about both public and private, the information we have. i look forward to hearing from the witnesses, and i yield back. thank you. >> thank you. i will try to be fairly quick. what i am hoping to hear from the panel, and should i be worried there is another one of you running around in maryland? >> there is. the fbi is looking for th em. >> the way we allocate liability -- are we treat incentives or disincentives within people in the financial food chain and best and others to not invest? it is a side to start. i would like to hear and understand how you coordinate talent, technology, data, information about best practices. number three, i'd want you to either assuage meet or agree with me -- i am one of the members of congre