we welcome chris dodd, former democratic senator from connecticut and former chairman of the senate bankingommittee and a co-author of the dodd frank act. thank you for joining us. i'm curious as to whether you think another crisis is in the offing anytime soon? senator dodd: there are always dangers of that. the next crisis is more likely to be about student loan, debt. national level, state and local levels as well. e obligations that are growing. that is the danger. i don't see immediate danger. for aial services sector, lot of the reasons, the actions we took in 2008 and 2010, first with legislation that stabilized financial institutions and provided a vehicle, through providing equity to large financial banks rather than buying toxic assets, allowing for stability took her. a year and a half later -- stability to occur. a year and a half later we passed dodd-frank. that is an issue that will loom large -- debt is an issue that will loom large. vonnie: do you see any threat with deregulation? senator dodd: the dodd frank bill is basically intact. -- the banking senate committee today pa

we'll talk to former senator chris dodd at 8:15 eastern time. f the dodd-frank financial reform bill and the documentary "crisis on wall street: the week that shook the world" is 10:00 tonight on cnbc. >>> also coming up in the next hour on "squawk box," our guest host is former yum brands ceo david novak. and we'll talk about round two of tax reform with mick mulvaney then former secretary of state john kerry will join us to talk about his new memoir as we head to break, a look at premarket winners and losers in the dow. leading the way is chevron your muscles look good, but we should be seeing more range of motion. i'm fine. okay, well let's see you get up from the couch. i'm sorry, what? grandpa come. at cognizant, we're uniting doctors, insurers and patients on a collaborative care platform, making it easier to do what's best for everyone's health, every step of the way. you may need more physical therapy. ugh...am i covered for that? yep. look. grandpa catch! grandpa duck! woah! ha! there you go grandpa. keep doing that. get ready, because w

we mentioned you will be joined by your colleague on this chris dodd. sen. santorum: he is taking kids to school and unfortunately got into a car accident. i understand he is fine and his children are fine. he could not make it here this morning. he didn't leave much slack to deal with a car accident. host: thank you for joining us. i want to start with brett kavanaugh. we have a hearing set for thursday with christine blasey ford. if you were in the senate, what would you say about how to conduct that hearing? grassleyorum: chairman has done a good job. he said what we want to hear from these witnesses, this witness and other witnesses, given the most recent accusations. whether it meets the standard of what the senate would see as a critical -- credible witness in a story that is to be told, that is number one. they will listen to the testimony. number two it will be conducted in a way that is appropriate. if you look at how they dealt with witnesses on these factual aarings, sort of semi-courtroom context, they bring in counsel, someone who is absurd -- e

we mentioned you will be joined by your colleague on this chris dodd. sen.torum: he is taking kids to school and unfortunately got into a car accident. i understand he is fine and his children are fine. he could not make it here this morning. he didn't leave much slack to deal with a car accident. host: thank you for joining us. i want to start with brett kavanaugh. we have a hearing set for thursday with christine blasey ford. if you were in the senate, what would you say about how to conduct that hearing? grassleyorum: chairman has done a good job. he said what we want to hear from these witnesses, this witness and other witnesses, given the most recent accusations. whether it meets the standard of what the senate would see as a critical -- credible witness in a story that is to be told, that is number one. they will listen to the testimony. number two it will be conducted in a way that is appropriate. if you look at how they dealt with witnesses on these factual aarings, sort of semi-courtroom context, they bring in counsel, someone who is absurd -- exper

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we speak to former senator chris dodd. julie: 90 minutes into the trading day.ks. hanging onto gains but off the highs of the session, considerably. consumer staples

chris dodd. joe biden.nk it's going to be mcclinto hillary clinton's time. >> today on her website she made it official. >> i'm not just starting a campaign i'm beginning a conversation. >> after six years as a senator people poll she's got the skills to be president. >> i'm in to to win it with your help. >> she had a lot of experience, her president the popular president, she had all of the money, backers and big names. it looked like a pretty sure bet. >> senator barack obama threw his crowd into the ring today in springfield, illinois. >> one thing you can say about illinois senator barack obama is there's never been another presidential candidate like him. with a foreign sounding name that sounds like osama with a middle name hussein. half black half green. >> barack obama stepped on the national sustaining and wowed them with his elkwens. >> there's not a liberal or conservative america there's the united states of america. there's not a black america and a white america a lataviino america, an asian

that was the democratic head of the senate banking committee chris dodd wrapping up effort questioningailout plan. on equities. take a look at the dow. down 700 points, 9644. down, well down through that 10,000 level we first came up through in 1999. >> it comes on the heels of a global stampede out of equities that point to western europe where the dow jones dropped 600 index and the biggest one-day drop since 1987. in london, nearly a four-year low. germany dropping. banks as topple led by the infection has spread around the world from europe to russia to brazil. caroline: wow, it makes you feel old. a decade later, many are left wondering could we survive another financial crisis? we will bring in jennifer. where were you when that was happening? >> that was a pretty awful time. we were really looking at a situation where folks that the economy was going to collapse, but that didn't really happen. what happened? >> absolutely. at the time, there were a lot of fears about how we would survive. it is interesting to look at it 10 years later, one decade ago, what changed? and what chan

we are consulting closely with chris dodd in the senate, on the frank in the house, in their colleagues on both sides of the ofle on the broad outlines reforms. the president's work is beginning to develop detailed recommendations. we will work closely with the world's leading economies in preparation for the key 20 summit in london on april 2. the success of this plan, the success of our plan is going to require an unprecedented level of cooperation here and around the world. bair, johne, sheila i wantand john rich -- to thank them for helping shape this plan and want to thank them for their commitment to making it work. this program is going to require a substantial and sustained commitment of public resources. congress has already authorized financial resources for this effort and we are going to use those resources as carefully and effectively as possible. we will consult closely with the congress as we move forward. we will work together to make sure that we have the resources and authority to make this work. later this week, i will be traveling to meet with the g7 , wence minister

we are consulting with chairman chris dodd in the senate, chairman barney frank in the house on the broad outline of reforms. the we will start working close live with the world's leading communes set of broader reforms to the international national system in preparation for the g-20 summit in london on april 2nd. the excels of this plan, the success of our financial stability plan will require an unprecedented level of cooperation here in the united states and around the world. federal reserve chairman ben bernanke, fdic chair sheila bear, john rich, the head of the office of supervision, i want to thank them for helping shape this plan and thank them for their commitment to making it work. this program is going to require a substantial and sustained commitment of public resources. congress has already authorized substantial resources for the effort and we are use this resources as carefully and effectively as possible. we'll consul closely with the congress and working to to make sure have the resources and authority to make this work. late are this week i'll be meeting with the g-20 fi

the democratic head of the senate banking committee chris dodd wrapping up after questioning the headfederal reserve. the bailout plan for the banks is being discussed today. >> big losses on equities. look at the dow jones industrial, down 700 points. the 10,000hrough level that we first came up through in 1999. of a global stampede out of equities particularly in western europe. the stoxx 600 had its worst one-day drop since 1987. and the ftse 100 dropping and the german back also dropping. -- and the german dac also dropping. >> the infection has spread around the world. momentsere were some that some of us will never forget. highlights of our coverage of the collapse of lehman brothers in 2008. joining us now is john d -- john gieve. john, thank you for joining us this morning and for helping to look back. the most important thing i guess is what did we learn then that we can use to make our lives better, safer, and more successful now? well, we learned massive thanks. the banks needed much more capital and equity. -- regulators needed to understand them better. at that point, the

were very lucky in terms of some of the people in leadership positions there like barney frank and chris dodd and, i had a president that was really, really encouraging us to work on a bipartisan basis. there is a lot of things that worked, but a crisis can bring out the best. so again, you're not going to get me to say we couldn't do it today. because if we couldn't do it, it would be just catastrophic. i cannot imagine what would have happened to our country if we hadn't got the tarp. andrew s.: can i get either of you to say it? timothy: i think it is good to point out the core of the financial system, i mean the basic defenses of capital and leverage restrictions and liquidity funding is dramatically more conservative than in 2007. that will buy us a margin of safety for some time. you want to make sure we preserve those safeties and they don't erode over time and fall behind the curve of innovation, but those are much more strongly applied. we do have tools we didn't have in 2007 for dealing with a complicated, failing institution. but you know, congress also took away and limited some t

we were very lucky with people in leadership positions like chris dodd and chuck break. .- chuck gray get i had a president that was encouraging working on a bipartisan basis. there are a lot of things that were. -- worked. a crisis can bring out the best. again, you're not going to get me to say we could not do it today. if we could not do it it would be catastrophic. i cannot imagine what would have happened to our country. tim: i think it is good to point out that the core of the financial system and the basic defenses of capital and quiddity funding is really dramatically more conservative than it was in 2007. that will bias a margin of safety for some time. you want to make sure you preserve those and not let them rode over time through changes of regulation and falling behind the curve of innovation. those are much more broadly implied. we did have some tools we did not have in 2007 for dealing with the complicated and the titian. congress also took away and limited some of the tools that were essential in this crisis and will be essential and future crisis. what the consequence

were very lucky in terms of some of the people in leadership positions there like barney frank and chris dodd and, i had a president that was really , really encouraging us to work on a bipartisan basis. there is a lot of things that worked, but a crisis can bring out the best. so again, you're not going to get me to say we couldn't do it today. because if we couldn't do it, it would be just catastrophic. i cannot imagine what would have happened to our country if we hadn't got the tarp. andrew s.: can i get either of you to say it? timothy: i think it is good to point out the core of the financial system, i mean the basic defenses of capital and leverage restrictions and liquidity funding is dramatically more conservative than in 2007. that will buy us a margin of safety for some time. you want to make sure we preserve those safeties and they don't erode over time and fall behind the curve of innovation, but those are much more strongly applied. we do have tools we didn't have in 2007 for dealing with a complicated, failing institution . but you know, congress also took away and limited some

were very lucky in terms of some of people that when leadership positions like arnie frank and chris dodd, and we had, i had a president that was really, really encouraging us to work on a bipartisan basis so there's a lot of things that worked. but the crisis can bring out the best. so again, you are not going to get me to say we couldn't do it today because if we couldn't do it, it would just be catastrophic if i can't imagine what would happen to our country if we have not gotten the t.a.r.p. >> can i get either of you to sit? >> it's good to point out that the core of the financial system, i mean the basic defenses of the capital and restriction of liquidity funding these really dramatically more conservative than it was in 2007. that will buy us a margin of safety for some time, and you want to make sure you preserve those offenses and don't let them erode over time the changes in regulation or just falling behind the curve of innovation but those are much more broadly applied. we do have some tools we did have in 2007 for dealing with a failing competent institution. but the congres

we mentioned you will be joined by your colleague on this chris dodd