chris dodd is a senator from connecticut and he was the chairman of the senate committee on banking, housing and 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. you know them well from 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 overhauled the credit card industry. they also worked on and passed the housing and economic recovery act which created the federal housing financing agency. it provided the authority for government backstop but beyond that, they are also incredibly accomplished rate legislators. congressman frank worked on for housing, equal treatment and antidiscrimination issues. senator dodd was the author of the family medical leave act and work on a number of children's issues and latin america. it is really exciting for us to have you here today. and having worked with you on all of t

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

rules that business with it with chris dodd heading up the how do you live in that is still be actively challenging the system well it's interesting max the inside hollywood there's actually different you know hollywood is not just one machine in fact robert redford who's a mentor of mine in sundance labs. is an incredible proper thorpe through that he's never been invited to this not for the oscar on his last film this year and he's never actually been invited into that into the the academy in that way. to me you know when we were talking one day about sundance is very much an independent film nonprofit that supports independent truth telling and i think sometimes people mistake that so you know i don't feel like i am in line with the m.p.a. or that i'm not in fact what i think is going to have to happen is i'm probably going to have to come up against them with this with this maid with a project with robert mablethorpe of course a lot of them. which is as you mention genitalia he's. really outsized that image is an outsized. genitalia and i often thought that if he was a white guy he

rules that business with it with chris dodd heading up the m.p.a. how do you live in that is still be actively challenging the system well it's interesting max the inside hollywood there's actually different you know hollywood is not just one machine and in fact robert redford who's a mentor of mine and sundance labs. is an incredible program that i brought mablethorpe through that he's never been invited to he was snubbed for the oscar on his last film this year and he's never actually been invited into that into the the academy in that way and and he mentioned that to me actually were you know when we were talking one day about sundance is very much an independent film haven and a nonprofit. it's independent truth telling and i think sometimes people mistake that so you know i don't feel like i am in line with the m.p.a. or that i'm somehow connected to them in fact what i think is going to have to happen is i'm probably going to have to come up against them with this with this maybe with a project with robert mablethorpe of course a lot of the im

and how that led to a bubble that the democrats fiercely defended in particular barney frank and chris dodd>> you remember what happened to barney here. so you are rejecting that argument. >> i think it's fair to argue about what happened under president bush's presidenciy. but that doesn't mean then you can excuse what happened in -- from 2008 on which arguably more consequences. >> do you agree with krauthammer that the president wants american power to recede. do you agree? >> i think that that -- he wants that because he thinks that is the best thing for america. i think his intentions are that america polling back and not being so involved in the world will ultimately that's what i think president obama thinks. >> he purposefully wants to us decline? changing decline. want to be involved as much in the world decline, but we have been involved. he went into -- talking about going to iraq. he sent troops in there once again for training purposes. we went into libya. we had a surge in afghanistan. >> let me ask medium workers is declined, correct? >> under him. >> yes. >> that's declined,

and how that led to a bubble that the democrats fiercely defended in particular barney frank and chris doddber what happened to barney here. so you are rejecting that argument. >> i think it's fair to argue about what happened under president bush's presidenciy. but that doesn't mean then you can excuse what happened in -- from 2008 on which arguably more consequences. >> do you agree with krauthammer that the president wants american power to recede. do you agree? >> i think that that -- he wants that because he thinks that is the best thing for america. i think his intentions are that america polling back and not being so involved in the world will ultimately that's what i think president obama thinks. >> he purposefully wants to us decline? changing decline. want to be involved as much in the world decline, but we have been involved. he went into -- talking about going to iraq. he sent troops in there once again for training purposes. we went into libya. we had a surge in afghanistan. >> let me ask medium workers is declined, correct? >> under him. >> yes. >> that's declined, yes? >> jus

we will kick off with your friends to recap some issues there with greg fleming and for chris dodd tohave we made. phil donaldson, the 24ing sec exchange commissions chair and richard breedan and have a food fight on whether or not it's tougher at wall street. is the scrutiny tougher there? >> jeff, is it something that ceos are concerned about? are they worried about the activist investor? is it something that strikes fear in the board room today? >> it's one of their top fears. it's difficult. i have been doing this stuff a long time. hopefully, it doesn't show. but the fear used to be when i started out, you did have a lot of crony board and entrenchment issues. for the most part, that's gone. you actually do have boards that are really attentive to the outside. we have some, most of the places are pretty well governed and trying to make investments for theening loer term is hard. some retailers, i mean, there is no surprise why mickey drexler felt he had to take j. crew public or michael dell. we have been talking to michael dell a lot lately about some of the things he's doing. i