opinion had originally thought we would have seven or eight separate bills and chris dodd says, do you know what it's like to pass a bill in the senate? i have to get 60 votes. i think i can get that once. eight times? no way. they'll be holding me up, they'll find this and that. theout thing -- the other thing was the financial system was more complicated (in the '30s there were no collateralized loan and debt obligations. part of the problem is there was too little interconnection. then we added things like consumer bureau that was not inherent to this but could have been useful, so no, i don't think you could have made it any smaller. >> hunt: you write that the powerful financial interests, they power was exaggerated as demonstrated by dodd frank, but are you worried dodd frank will be diluted slowly? >> here's the deal, the norm is for the public not to pay attention and when they don't pay attention powerful economic interests have their way. what happened in the financial crisis -- kind of what rahm emanuel talked about, you don't let an opportunity pass that a crisis presents,

former senator chris dodd, olympia snowe and john mccain. and we asked them how he managed to do it. >> he dedicated his life to the institution and there by being able become one of the most effective members of the united states senn at. i might add probably greatest antagonist i ever had on the floor of the senate. >> schieffer: yet you were friends. >> we had some of the great bouts, yet i remember one time we had a huge fight that two freshmen had begun we drove them from the floor and afterwards walking off the floor he put his arm around me. we did a good thing didn't we, john? he enjoyed the combat but he didn't personalize the combat. that is really one of the reasons why i think so many, on both sides of the aisle had not just respect but after awhile affection. >> he was a legislative man he used his skills as a negotiator. he appreciated the traditions of the senate and also got to know his colleagues, their preferences and dislikes. understood that adversary today would be ally tomorrow. >> schieffer: he was one of your closest

. >> ted kennedy and i worked closely together, so did i work closely with chris dodd and a number ofwilling to come across to the center right to make good legislation with me. but we also, one of the most important bill that's been passed in history was the hatch waxman act. henry was liberal as could be but was willing to sit with me and that created the modern drug world that literally has saved trillions of dollars to the american consumers. we can do a better job than what we're doing. i have to say this has been such a partisson administration, if you're going to be partisan, you're not going to be very effective. >> overall would you say there's no solutions until there's a change in the administration? >> if the court comes down the way i think it should then we're going to have to make the changes and i would like nothing better than to have that responsibility. there's a number of us already working on it to see what we can do. we're going to do that whether the court comes down or not because i think there will bea change in '16. if the republicans keep the senate i think

irene noa, wife of the late senator daniel inouye of hawaii, senator chris dodd of connecticut, ms. catherine states -- stevens, wife of the late senator ted stevens of alaska, senator bob graham of florida, senator paul kirk of massachusetts, ladies and gentlemen. welcome back to the senate. [applause] please be seated. i would like to ask members of the house of representatives with us today, including the massachusetts delegation to stand as a group and be acknowledged. [applause] thank you all for being here. please seated, and i also want to acknowledge the government leaders from the commonwealth and from the city of boston that joined us today, the lieutenant governor, attorney general healy, state treasurer goldberg, state president stan rosenberg state speaker of the house, and the mayor of boston, marty walsh. [applause] and especially pleased to see so many future senators in our midst, and there are 50 students here today as their badges show from every state in the nation and they will or being here, and, of course -- of course, our thanks to the kennedy family who made

i thought we would have seven or eight separate bills and chris dodd says to me, pal, do you know whatis like to pass bills in the senate? 60 votes six times? they will hold me up. the other thing was the financial system had become more confident. there was no such thing as credit default swaps in the 1930's. part of the problem was there was too little interconnection. we added a few things. i don't think it could have been any farther -- smaller. al: you write that the powerful financial interest as illustrated by dodd-frank, but do you worry that it will be diluted slowly? representative frank: yes, i was. here is the deal. the norm is for the public to not pay attention. when the public is not paying attention, powerful economic interests have their way. what happen in the financial crisis, it is what romney talked about, but the opportunity pass by that the crisis presents, the public got engaged. it makes a big impact. when the public gets involved, votes will kick money. that is what happened here. we got the bill passed. the fear was that as things went forward, people would f

spoke to chris dodd one of his close friends, said this day means a great deal to him.h. we will keep a close eye on arrivals at today's event. >>> another developing story, time running out on the iranian nuclear talks. learned a meeting between diplomats from u.s. britain, france china has ended. secretary of state will meet with his own delegation. deadline for a deal tomorrow. i don't know if we have her, but let's go to tehran the tehran bureau chief joins me. ali, thank you. marie harf says the ball is in iranian's court. >> reporter: they made all reasonable efforts to reach accord, and showed political will to get the deal done. now it is up to america and the p 5 plus one. they have generally been supportive about talks reaching agreement, but today iranian negotiators, local media reports iran is under pressure to accept current terms, even though the other side keeps shifting the goalpost. they say it is a tactic by the west to blame iran for not cooperating if the deal falls through. media speculated the saudi attack in yemen was designed to provoke iran int

chris dodd all sorts of people.t do you think, if there was one topic you think is going to be on the tips of everybody's tongue it is what jeff? >> we began yesterday afternoon but it was a major deviedivide. the positive attitude was from the business community. but you know richard. there's a good sense of enthusiasm. we had senator mccain, senator murphy, there's where a sense of dispair and it was remarkably different. in fact at one point he got mad at me. truly mad at me over the conference theme. the theme was the return of the american century and he asked me, what are you talking about? what rock have you been sleeping under? they laugh but they're quite euphoric. of course we challenge some of the statistics and things but the growth numbers are well ahead of where we thought the economy would be right now and this whole theme was a yale derived term. it was henry that founded time magazine had a cover story called the american century from the mid to last century to the middle of 1900s. >> do you get any