former senator chris dodd and barney frank discuss the 2008 financial crisis. leader, president obama announces the drawdown of troops in afghanistan. >> on the next washington journal, he look at the world climate change and energy issues in the 2014 elections. of guest is elana schor environment and energy news. then, james brown, director of the stem education coalition discusses the plan to train more science technology engineering and math teachers. later, our spotlight on magazines features paul barrett of bloomberg businessweek on why gm keeps swerving from apology to aggression in the recall crisis. washington journal is live every day at 7:00 eastern. >> house armed services macittee mik vice chair thornberry speaks about national security policy. congressman thornberry is considered by some to be the next likely chair of the armed services committee. at 10:30 a.m. eastern on c-span 2. >> if you go back and look at coolidge, he was a conservative hero. his tax rate was a gold standard tax rate that we saw, 25% was what he got the top rate down to. he f

former house financial services chairman barney frank and former senate inking committee chair chris dodd at 8:00 eastern here on c-span. coming up, michael waldman on the brenner -- brennan center .or justice been talking about the conservative political agenda. rivera on some of the middle east foreign-policy challenges facing the obama administration. join the conversation on facebook and twitter. ♪ host: good morning, everyone. the house is in session this week with legislation blowing to ensure the v.a. controversy. live coverage of the house here on c-span. the front page of wall street journal this month. the obama administration is set to announce new climate change proposal next week. cap and trade and renewable energy options. we will stick with the economy here this morning for the first part of today's washington journal. we want to hear from you. how is the job market for new college graduates?

it is andrea mitchell, who is a beingic journalist roasted by chris dodd. just seeing that right now, it looked like a very friendly, almost clubby washington event. jokes are told. that's what i saw. >> anything wrong with that? >> not really. i think the reference he was making was andrea mitchell and alan greenspan's wedding, which had just been held around then. look, they are a power couple. andrea mitchell is a great journalist and alan greenspan is one of the most powerful economic minds and economic forces in the last few decades. that is an interesting dynamic, where you have these crossover between friendship and professional life and social life and so forth. >> i think that chris dodd is emblematic of his is permitted -- is this permanent class. it describes the permanence of washington people. rated goodfe is inside the beltway. >> here are some of the exposure you had already. let's watch this. >> this town. >> you said we described the fee is overfed on cell flood -- on self love. wow, mark, all kinds of reactions to "this town." is duh. , th

former senators -- former senator chris dodd and former congressman barney frank. a brief preview of some of barney frank's remarks. >> we did something unpopular hat staved off disaster. here's the disadvantage politicians are at vis-a-vis economists. economists can invoke the counterfactual. they can talk ability why this was a good thing because they can talk about the counterfactual. what would have happened. politicians are not allowed to use the counterfactual. any elected official gets up and says, i understand you're upset but it would have -- i ceyed it from getting a lot worse. it's so frustrating, i had a slogan which jim siegel's brother printed up which i was dissuaded from using in 2010 that said, things would have sucked worse without me. the problem was, we got all the negative political vibes from the tarp and very little positive, that's why it was tough to get the bill through. >> you can see this entire event with former house financial services committee chairman barney frank and former chairman of the senate banking committee chris dodd at 8:0

i think what chris dodd is implemented in this book is the impermanent feudal class, which is a term that tom coburn uses. it is used to describe the impermanent of washington. a lot of elected officials go on to become lobbyists and consultants. frankly, life is pretty good inside the belt. >> let's watch this. >> "this town." >> mark leibovitch. >> "this town." >> d.c. is described as inflated by big-money. >> senator schumer -- a human ladle in the local self celebration buffet. wow, mark. all kinds of reaction. >> they are taking down the preening egos of this town. the washington post. >> i hear there is no index. we cannot find out what is going on in this work. >> this book was so widely anticipated in washington as a screaming indictment. >> washington has created a bootleg index. >> your colleague suggested the notion of the composition -- >> everyone is talking about the book. everybody thinks they are in it. >> why are people that you wrote about so happy about this book? >> beats me. what is interesting, a lot of what you are seeing there was done before we saw the book.

that's one story told by former senate banking committee chairman chris dodd during a discussion on the dodd-frank law. he's joined by the bill's other namesake, former house financial services committee chair barney frank. the office of the comptroller of the currency and boston university host the event. it's just over an hour. we don't really have to deal with them anymore. and i also want to thank barney frank for getting with the spirit of the program. he knew that we were going to have an abraham lincoln look-alike contest so he grew a beard and we're delightful for that. amy friend is -- take no offense, but i think if you read robert kyser's book "an act of congress," she and jim siegel are as much responsible for that statute as are messrs. dodd and frank. amy is senior deputy comptroller of the currency and chief counsel. and this is her second session at the o.c.c. you could say that she's o.c.c. through and through with a brief stop off at the promentoly grew group. if you read that book you'll have great admiration for somebody who acted in congress in the good old days whe

. >> over on c-span tonight former senator chris dodd and former congressman barney frank discuss the 2010 finance reform law that bears their names at an event marking the 150th anniversary of the national banking system. former banking chairman chris dodd talks with his committee's investigations into the mortgage market ahead of the 2008 crisis. >> well, i can tell you i became chairman of the banking committee, the senate is not a meritocracy. out to outlive it help your friends get defeated to help you move up in the fiction that i sat on the senate banking committee for 30 years and went paul sarbanes decided to retire in january of 2007 i became the chairman of the committee. i've been on the committee for a long time. i begin issues of thanks. the first within the first week of february of 2007. on the subprime lending. hank paulson can attest that they want to come and test only about china. he did want to talk about the subprime issues i said come talk about china. i knew my colleagues would not spent a lot of time on china. as he got into the subject matter of the mortgage,

on c-span tonight former senator chris dodd and army frank will discuss the 20th financial regulatory reform law that bears their name. they are at an event marking the 150th anniversary of the national ranking system. former financial services chairman frank talked about the successes of t.a.r.p. as was the political costs as well and will have that for you tonight at 8 p.m. on c-span. earlier on c-span coming up this afternoon in about two and half hours, president obama will be speaking on troop levels in afghanistan. the ap reporting that the president will seek to keep 9800 u.s. troops in afghanistan after the war formally ends later this year, and then will withdraw most of those forces by 2016, according to senior administration aides. the president will speak at 2:45 p.m. and we will have that live on c-span at that time. meanwhile, on c-span2, waiting for the start of the event looking at net neutrality about to get underway. live coverage. >> [inaudible conversations] >> well, good afternoon, everybody. my name is will marshall, i'm president of aggressive policy institute a

senate that our founding fathers envisioned, nor is it the senate that my former colleague, senator chris dodd, described in his 2010 farewell speech. let me quote just a small portion. senator dodd reminded us that the senate was designed to be different not just for the sake of variety, but because the framers believed that the senate could and should be the venue in which statesmen would lift america up to meet its unique challenges. unfortunately, the senate will never be able to play that unique role in american government, in american history until the majority leader shows greater respect for the constituents we represent and for this institution. as i said, this debate is not about procedural niceties. it's not about the prerogatives of a senator because they think they're so important. when republicans offer amendments to pending legislation, we're trying to give our constituents the voice that they are guaranteed by the constitution of the united states of america. when the majority leader refuses to let us vote on amendments and refuses to let us have a real discussion about america

the of the nothing that's what chris dodd and other kids in my opinion. you're looking at but in listening to richard burton it father of chris who was killed in the rampage he's been very vocal against lawmaker at the nra following san it hoped it would it she says he couldn't prevent the shooting and santa barbara will come back to the ceremony going on there later in this broadcast to keep you posted on the good developments. the meantime the stand behind the attack plan that rampage for months. this on what we now but the killer alley in the investigation to what happened. the fallout from the shooting promises from one legislator to do something about gun reform and there are new details about what the 22 year-old gunman put in the 137 page manifesto. >> : the manifesto of a rogers said his family friends minutes before the shooting he wrote about plans to kill a six year-old stepbrother. because his friend chow would become more popular with girls than him. he also said he would step his strange stepmother mother. it did not happen but not clear why.

chris dodd is head of the motion picture association of america.ou and your family want to spend your time. >> reporter: those options include more ways to watch movies outside theaters with services like netflix and amazon prime and technology that can play context straight from mobile devices to giant flat screen tvs. some studio owners say it's time to coordinate cut down the time movies are exclusively in theaters from its current average of four months to just three weekends and then charge people to see them at home perhaps based on the size of the screen. but theater owners have resisted closing the window that movies are in the theater. >> movies that are designed for the big screen need to be seen on the big screen first. >> there are two things that drive people to the cinema. i mean one is the content. movies have to be good. the other is the experience. >> to keep drawing people to the theaters, that experience is what's changing the most from technology with digital film to comfort like new seating and high end food and drinks. >> one

it is really my pleasure and privilege to be joined by senator chris dodd and representative barney frank. they are well known to his audience for many reasons but particularly as the architects of the sweeping financial reform bill that bears their name -- the dodd-frank consumer protection act or dodd-frank. today, we have dodd-frank on dodd-frank. it is a real treat. having worked so closely with both of them and enacting this legislation which is truly historic. senator from a connecticut and he was the chairman of the senate committee on housing and a ring affairs -- urban affairs all through the years of the crisis and through the passage of dodd-frank. barney frank is a former congressman from massachusetts and the former chairman of the house financial services committee. fromnow them well dodd-frank but also as the chairman of the banking committees in the house financial services committee. they were responsible for the tarp. for the credit card act which open-heart -- overhauled the credit card industry. passedso worked on and the housing and economic recovery act which created

president, i have to go over and talk about trade with chris dodd and his group. angela merkel looked at me like what in the hell is he talking about? [laughter] so there is no question that you've got the right guy with the right influence. look, i'm going to skip the introductions because i'm supposed to go back and have lunch, a working lunch with chancellor merkel, but it's -- i want you to know that it's not for lack of interest, and we wish i could stay longer after i speak. ladies and gentlemen, last summer i was, i was in, going from india to japan, and i stopped in singapore. to meet with what people refer to as the henry kissinger of the far east, a fellow a lot of you know of, one of the wisest heads that most foreign policy experts know. and almost every world leader has sought his opinion. and i pet him, he was -- i met him, he was kind enough to meet me in his home because he's written and spoken a great deal about the future of india, china, russia and the united states. and i sat with him. he's 90 some years old now, and i sat with him in his home.

president, i have to go over and talk about trade with chris dodd and his group. angela merkel looked at me like what is he talking about? [laughter] so there is no question that we've got the right guy with the red influence. look, i'm going escaped introductions because i am supposed to go back and have lunch -- a working lunch with chancellor merkel. but i want you to know that it is not for lack of interest and i wish i could stay longer after a speak. ladies and gentlemen, last summer i was going from india to japan and i stopped in singapore to me with people they referred to the henry kissinger of the far east. a fellow a lot of enormously kwong you, the wife has had the most foreign policy expert to know. almost every world leader had thought his opinion. i met in -- he was kind enough to meet in a film because he has been spoken a great deal about the great future of india, china, russia and the united states. i sat with him. he is 97 years old now. you somewhat trail, but he still has an incredibly crisp and sharp mind. in the middle of our discussion it

chris dodd is joined by barney frank. here's a brief look. >> we did something unpopular that staved off disaster. here's the disadvantage politicians are at vis-a-vis economists. economists can write articles and do analyses in which they invoke the counterfactual. they can talk about why this was a good thing because they can talk about the counterfactual, what would have happened. politicians are not allowed to use the counterfactual. any elected official goes up there and says, look, i understand you're upset but it would have -- i saved it from getting it a lot worse. it was so frustrating. i had a slogan which jim segal's brother printed up which i was disswayed from using in 2010. it said things would have sucked worse without me. [laughter] that was my political -- but the problem was we got all of the negative political vibes from the tarp and very little public. that's why it was still very tough to get the bill through. >> and just a brief portion of their recent discussion on the 2008 financial crisis. be with

. >> again, all of that discussion with barney frank and chris dodd tonight at eight eastern over onn. >> if you go back and look at coolidge, he was a conservative hero, and then his tax rate was a gold standard tax rate that we saw in the video, 25% was what he got the top rate down to. and he fought like crazy. it started, remember, with wilson in the '70s, so that was an epic battle and when you go look at what all the social socialites said about coolidge, you want to remember that they were probably also from families that endorsed other policies, especially alice stewart roosevelt, t.r. was a active, bully pulpit presidency, and here was coolidge, prissy and cold and not giving out favors. so she said he looked as though he'd been weaned on a pickle. coolidge's silence was cultural. he was from new england. farmers don't talk a lot or wave their arms about because a cow might kick them, you know, if you've lived -- and it was temperamental, of temperament. he was a shy person. but it also had a political purpose. he knew that if he didn't talk a lot, people would stop talking.