outside the courthouse, we meet dodd's victim. do you think michael dodd behaved inappropriately with you? >> improper. wrong. >> did he sexually abuse you? >> yes. >> yes? we watch as the girl is completely shunned by members of her own family who blame her for getting her mother in trouble. only her younger brother, too young to understand, comes over to give her a hug. after several days of following the harvey johnson investigation, we are called and told that something big is about to happen. >> first thing sunday morning we have been called to the house right next door to harvey's house. the arrest we're told is imminent. >> agents from aple and ice have gathered to wait. >> he's just left his house. he's walking this way. he's having breakfast at a restaurant just down the street which is the same place we saw him a couple of days ago. an undercover police officer rolls up. police are starting to close in. the police officer on the walkie talkie. >> suddenly, we are racing to see a raid two years in the making. but those da

senator dodd, thank you so much for being both of us. we appreciate you taking the time out of your afternoon. >>> next on the show, get ready to stop trading. i may be here in washington but jim is up in new york, thinking about how to trade on all the news from here and he has a few good ideas. >>> and take a look at this egg-sized diamond. we've got a picture. it was just found in south africa. we know mining -- >> does that seem that important to you? >> i mean egg size. it is a pretty incredible gem. looks like we're in for a bumpy ride. go ahead, ignore me. but in this turbulent market, you're going to need help... protecting some of your assets for retirement. an axa equitable annuity could give you... guaranteed income for life. i'd call them, but what do i know? i'm just the 800-pound gorilla in the room. don't worry. i'm here. want guaranteed income for life? axa equitable is redefining what you expect from annuities. ooh, peanuts. >>> welcome back to "street signs." rick santelli here. what a quarter it's been. if you don't re

chris dodd is in serious trouble in his re-election race. he's losing by at least ten points to at least four or five people, including the woman that runs the wrestling federation. why is dodd going down this? connecticut has a lot of financial companies -- i don't get this. this part of it eludes me. >> to his credit i actually think this is what he thinks is the right thing to do. this is not going to be a popular thing among his constituents. that's obvious. this is a philosophical, ideological view this is the right thing to do. >> you don't think he's just trying to look good? he's trying to look like he's going to put a leash on the people in his state. look at the rest of the -- >> i don't know why you think this looks better, for example, than what the house and barney frank is trying to do which i think o stens bli leaves a little bit of power and this idea there's people minding the store. whereas the one regulator i think is more controversial. >> an odd story. financial services industry in connecticut which has been hurt very b

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. >> that sounds like what chairman dodd wants. >> senator dodd and senator shelby have basically just recently talked about really something that if you pick up our republican alternative, it looks very similar. yes, we've talked about one regulator. now we would have separate charters within there. >> ok. so the different forms of banking. >> i mean, you would still recognize -- although they've said we're going to shut down the o.t.s. i think a thrift charter is not a bad thing. so i think that ought to be preserved. now you still have a choice between being a state or federal. but the regulators, it would be one single regulator, and they would establish single rule. >> should that regulator -- that single regulator be the federal reserve as a lot of democrats have proposed? >> no, the federal regulator should propose monetarily policy. the federal reserve is not a safety and soundness. they're not a prudential regulator. in fact, they do have a very important tax of monetarily policy, a stable currency. and really you shouldn't distract them by trying to make them in charge of eit

dodd is concerned about excessive fees putting people further into debt.umber one tonight, the first dose ever the swine flu vaccine may all be the nasal spray version and only a tiny portion will be available early in october. the nasal spring is only approved for healthy people between 2 and 49 years old. it is not recommended for high risk categories like pregnant women and children younger than 2. we've posted all of tonight's top five on myfoxdc.com. just click on web links. brian? >>> coming up next here at 11:00, life's short so have an affair. that's the message on this rolling billboard in the district. who's behind it and why. >>> as we go to break, could taylor swift's vma ambush be the inspiration for her next song? [ inaudible ] we're back. gecko: uh, you wanted to see me sir? boss: come on in, i had some other things you can tell people about geico - great claims service and a 97% customer satisfaction rate. show people really trust us. gecko: yeah right, that makes sense. boss: trust is key when talking about geico. you gotta feel it. why do

senator dodd's office said senator dodd now supports an appropriate investigation, as they put it, of.o.r.n. they passed an amendment that pars them to getting federal funds, and the census bureau has dropped it's roll in the 2010 census. we have been reporting for some time about a.c.o.r.n. and its employees who have been convicted of voter registration fraud all over the country. now this broadcast has uncovered a tie-in between a.c.o.r.n. and a candidate for high office in new york. the case shows just how entwined a.c.o.r.n. and political campaigns, finances, and candidates have become. bill tucker has our report. >> reporter: a.c.o.r.n. has links with dozens of affiliated organizations across the united states, sharing office space, staff, and goals. last year, workers for the organization were investigated for alleged involvement in voter legislation fraud. the national policy center said it has other concerns. >> a.c.o.r.n. is under investigation in a number of states for allegations of voter registration fraud, but i think there's an even deeper scandal when it comes to their

dodd was next in line following senator ted kennedy who died last month. iowa democrat tom harkin will now likely lead the committee on health, education, labor, and pension. >>> the president discussed tonight's health care reform speech with congressional aides yesterday before giving another speech, this one to the nation's students. mr. obama's back to school address raised the conservatives and parents who called it political propaganda. but in the end, it was a presidential pep talk. the president urging students to work hard and stick with their education. >> every single one of you has something that you're good at. something to offer. and you have a responsibility to yourself to discover what that is. that's the opportunity and education can provide. >> some school districts refused to show the president's address. >>> this morning british commandos rescued a kidnapped "new york times" reporter from the taliban. steven farrell and his translator were being held in afghanistan. they dropped from helicopters on to the house where farrell was being h

running against senator christopher dodd. what's your key issue? >> if i get the nomination and get the run against dodd, and i know you considered the senate seat yourself, so i guess you can run vicariously through me. >> i didn't feel a calling, peter but i wish you all the best of luck. >> well, i would love to run against chris dodd. i think he's the ideal opponent for me and the poster boy for the financial crisis. he represents everything that's wrong with washington. and i think he would be a great matchup. he was completely complacent when everything was happening and i was out there warning people about the problems. i'd love to have a debate with him about why the country is in so much trouble and why the markets are the solution. not more government. >> will you promote stuff like -- are you going to run for a flat tax rate? or constitutional amendments on spending and borrowing or things of that nature? >> we're in a real crisis. we have to get the spending under control. i would love to cut taxes and go to a flat takts. i'd to abolish

yet chris dodd is running well behind. senator reid in nevada has had problems before.ne problem you have if you are a public official in nevada it has had such rapid population increase when you ran for the senate six years before, there is a lot of new people coming in that haven't heard of you. the democrats use that population increase very well in 2008. they registered a lot of new voters and they got the democratic voters out. they got increase and hispanic voter participation in nevada in 2008 and really went to down. harry reid is going behind. previous performance is a useful indicator. almanac gives you the presidential vote in each state and congressional district so you can see how it performed in the past. but it doesn't always project what is going to happen. so overall on the senate race, what we have seen is that, you know, prognosticators in december of 2008, january 2009 were saying based on the presidential november 2008 numbers the democrats are in pretty good shape. the republicans don't have much opportunity for gain. now we're seeing that with the

chris dodd and now tom harkin.everybody focusing so much on the finance committee as if you guys over on the senate health committee, it's like you're dog food? i mean, you know what i'm saying. i mean, everything -- you guys have come out with a great bill with a public option in the senate health committee. how do you -- what's the stall in the senate, in your opinion? >> as you know, ed, we've talked about this on this show before. four committees in congress have passed a good health insurance reform bill with a strong public option. house, energy and commerce committee, house ways and mean, health education labor pension committee in the senate which chairman dodd and chairman kennedy shared. this committee, this is the right blueprint. i think you're going to hear tonight president obama talking about most of the things we've done on that committee. the other committee is a bit more conservative and i think what's going to ultimately -- ultimately going to get to the president's desk is a strong public option

dodd: madam president, i ask unanimous consent that the senate proceed to the immediate consideration of s. res. 264 submitted earlier today. the presiding officer: the clerk will report. the clerk: senate resolution, 264 -- the presiding officer: the clerk will please take your conversations outside. the senate will be in order for the senator from connecticut. the clerk will report. the clerk: senate resolution 264 designating the caucus room of the russell senate office building as the kennedy caucus room. whereas during the last century few rooms have borne witness to as much history as the caucus room of the russell senate office building. whereas during the last century few families have played as integral a role in the history of the united states as has the kennedy family. whereas the senate mourns the passing of senator edward moore kennedy, one of the most accomplished, effective and beloved senators of all time. whereas senator edward moore kennedy played a role in every major national debate during the last 50 years -- serving as a constant champion of the disadvantaged an

including not only barney, but also senators chris dodd and richard shelby. and barney is already working with his counterpart, shelden bachus.. we intend to pass regulatory reform through congress. taken together, we're proposing the most ambitious overhaul of the financial regulatory system since the great depression. i want to emphasize these reforms are rooted in a simple principle. we ought to set clear rules of the road that promote transparency and accountability. that's how we'll make certain that markets foster responsibility, not recklessness. that's how we'll make certain that markets reward those who compete honestly and vigorously within the system instead of those who are trying to gain the system.. so let me outline specifically what we're talking about. first, we're proposing new rules to protect consumers and a new consumer financial protection agency to enforce those rules. [ applause ] >> this crisis was not just a result of decisions made by the mightiest of financial firms. it was also the result of decisions made by ordinary americans to

christopher dodd. she is hoping to pin down the incumbent who, she says, has lost his way with our trust. she will be running as a republican. linda, good to have you. >> neil, it is good to be with you. neil: why are you doing this? >> well, i tell you, neil, i cannot sit on the sidelines anymore. i have been watching what is going on in washington, and i have been very fortunate to have a successful business career, and i want the rest of my career to be devoted to public service, and this is an opportune way to be representing the people of connecticut, to be a strong, clear, and incumbered voice. i am not a politician. i am a businesswoman. i build a company from a small family entrepreneurial business to a publicly traded company on the new york stock exchange, and that is a skill, and it is an expertise that i think washington can use. neil: linda, they pull out stuff from people's past, and yours is pretty easy to get to. there is footage of you in the ring, scantily clad wrestlers. they are goi

. >> what about senator kennedy's old committee which senator dodd was running. have they finished their work? is the public option in that piece of legislation? >> well, senator dodd and the liberals on that committee are for the public option. they still have to marry their proposal with whatever comes out of the finance committee before it goes to the senate floor, but i believe if the co-opes come out of the finance committee, that is likely to be the vehicle that goes to the floor. then the question that's going to be, does senator snowe have the votes to go to that triggered public option? it appears clear there's no way that a straight public option in health care legislation is going to pass the full senate. as max baucus said in the committee hearing today, i know how to count. >> great stuff. we appreciate it very much. now let's talk about this. we have republican whip senator jon kyl. he voted to reject the public option. an internet ad said the democratic plan would hit americans with a slew of new taxes. before we get to senator kyl, let's take a lo

because chris dodd is working closely with the ranking member on banking. >> what are going to be the major things coming out of the president's speech on monday? you said one thing was to stress the idea that it's still very important, that we need to not lose momentum on it, even though we have other issues that are on the table. what else do you think the president is hoping to achieve? >> i would also expect him to make the argument for not pulling out, not withdrawing federal intervention too quickly. you know, with the easing -- the creativity that the fed has shown, one of the reasons why the president reappointed ben bernanke to another term, some people are asking, when are you going to pull back, when is the government going to withdraw from its active role in the u.s. economy? and i think the obama administration's view is, not just yet. we've got to see more action and more proof that the economy really is back. perhaps see unemployment come down. you've still got a lot of the stimulus yet to kick in. they're not ready to call off the effort to revive this economy. >> all

by the way, am i a racist to ask that question about chris dodd, who's white? it's ridiculous. there is no credibility in any of this stuff. if a harvard professor was arrested are and the president said he didn't have all the facts, can we ask more questions here? no, no, no. we've got bigger sphish to fry. we got steroids in baseball, we got to investigate that. the nfl patriots cheating standard, we ought to spend more time looking at trees and sports scanning dahls! why -- sports scandals. why is it? it's racism, i tell you. instead of looking for the race-based reason of why joe wilson might shout ow "you lie!" because it would be crazy in this world today to think that any democrat, republican or poll 'tis might lie -- politician might lie? let's look at what the politicians are actually doing. it's not supposed to be about what sound bite you can work to your advantage to save a dying healthcare bill. it's supposed to be about the truth. let me tell you something. the truth is just never discussed anymore. i saw some videotape on fox & friends earlier today, and it was t

senator kennedy and senator dodd asked us to write the language for that. i would have great difficulty voting for it without the public option. i would have great difficulty voting for it if we're going to mandate people getting insurance. we have got to help people pay for insurance. any one of those i would have great difficulty if they were not in the bill supporting it. i don't know what it's going to look like yet, but i do think we're going to have a good bill, with a solid, strong public option that ends up on the president's desk and i look forward to being on the right side of history in voting for this bill. i know people that went through the medicare debate. some republican who is had buyer's remorse after they voted no some years later. i think some republicans are going to think, you know, i don't want to be on the wrong side of history. i'm going to vote for it in the end even with the public option. not yet in the finance committee, but it will happen in november and december. >> senator sherrod brown of ohio. thanks for your perspective to

senator dodd had the opportunity to return of a number of his committees. amount of work ahead of him, he has decided to stay as chairman of the banking committee. senator harkin has decided to give up the chairmanship of the ag committee and take on the health committee. he is both qualified to do this. he has worked for many years on the health and human services as part of the appropriations committee. it is a perfect fit. trace: that is the senate majority leader harry reid. we have been anticipating this for a while. we thought that christopher dodd would take over the position of the house committee chair that ted kennedy was in charge of. he has decided not to. now, the gentleman to the right of every reid, tom harkin, will now take over. he could immediately take control of that. it could be very crucial in this health care debate. he built his investors out of billions of dollars and now we are getting a look at what bernie madoff did with all that money. it is all about to be sold off. how you can get a little bit of what bernie had. ♪ >> mr. big

what has senator dodd -- what are his plans? >> we expect him to become the chairman of that committee. he has not indicated his preference at this point. he could remain chairman of the banking committee if he wants, but he has the seniority to take over that committee. he was very close to senator kennedy, and this week senator reid tipped where senator dodd was leading when -- where he was leaning when he thought he would become chairman. we don't expect that to happen until after congress returns. >> it has. i think a lot of people see that moment as an opportunity to reassess this effort in a broad sense. it was distilled down to a lot of flash points over the recess. none of them were central issues to this effort, but i think people will have an opportunity to reconsider the magnitude of this effort. also, the way senator kennedy went about things, which over the course of the career earned him the respect of many of his colleagues, including a lot of republicans. >> one of the flash points was the mention of the worst

the folks in that room, nancy pelosi, steny hoyer, chris dodd, harry reid, max baucus, you're going to have to count on them heck of a different cloud than max baucus had in the senate finance committee. nancy pelosi hasn't buncheddgedt for the public option. our side can count on one man. we find that out last night. tom harkin is the ted kennedy on this deal. he is every bit as tough as ted kennedy was. here's what he told us on the program last night. >> i believe that when we merge these two bills we will have a public option in there that we will take to the floor of the senate and we're going to pass it. we will have a bill on the president's desk before christmas and it will have a public option. >> notice where all the conservatives are right now. where's obama? where's obama? he's got to save it. wait. hold on. i believe the conference committee is when the president's really going to step in. that's when we'll find out if the president is willing to go to the firewall for the people to put him in office or to the corporati corporations. 65% of the american people want a publi

senator dodd, chris dodd, had seniority but decided to stay as chair as senate banking.ulture. these changes as we talk about what is coming up what will be be the if big story in the next 24. go right to anne kornblut, "washington post" reporter. no question it is going to be health care. >> has to be. i know we are kind of a one-trick pony here today. certainly health care, much of the president's speech will be, the focus to the reaction to the speech, as you said in your sellingments. any of the republicans reacted, preacted, as we say in the news business to the speech, putting them out ahead of time. whetherthy will shift their opinion after hearing what he has to say and recalcitrant democrats, liberals and moderates, any change their feelings after what he says. hear what he has to say and tomorrow, late tonight, we will be talking about how everyone else responded. >> clearly there will be some public reaction, some overnight polling, we will have all of that ann, thank you very much. a late night and busy night. i'm andrea mitchell. my colleague, contessa brewe

. >> ros did they propose that or did dodd p knees? >> well, dodd i think has proposed something regur. >> rose: a couil of regulators i think he calls it well, he' got a councilof regulators... i thinkt may be a significant difference. the treasury wod be the chairman. and e treasury would he a staff. that tt's one way you can do it. th treasury would put the... put the treasuren that position b the treasury has n tradition, no staf, no expertise, professional background, no traditions in the area of banking supervision. and then i tnk, you know, you ask... the federal reserves a naral place. i mean, i assumed when i was chairman of the federal reserve th i had some rponsibility for erseeing the wholeystem. whether i had any explicit authority or n. beuse the federal reserve h a special ro. it's the only instition that, first of all, isindependent and has continuity, it's ofessional, it's involved in regulation and it's got money, which body else has, you know, to go running to congress wn there's anmergency. >> ros that's why it can

i want to invite my friend and tea party express family member, debra dodd back up to the page. >> common america, we are the tea party express! >> this needs to stop. reduce the size of intrucive government. stop the out of control spending and stop this madness. >> i want to introduce my team. u.s.a.! u.s.a.! u.s.a.! >> thank you all very much u.s.a.! u.s.a.! >> thank you for your support. >> from the great state of tennessee, please welcome, representative march saw wine berg. >> i am thrilled you are here. i don't know sf there has ever been a larger conservative gathering in this city but to all 1.5 million that have travelled here, congratulations. you have redefined grid lock in washington, d.c. i am thiled to see you all and especially excited about those tennesseeans here. i have spoken to you and you told me you felt caused to be here today. you told me you worry that america will soon cease to be what she has been. you are worried that our sxengs al purpose will be buried by thoughtless debt. you have been called to serve liberty and to defend the futures of our children and gr

and chris dodd who had widelien expected to take that chairmanship said he will remain on the financemittee as well. >>> all right. steve jobs is back at apple. he took the stage at apple's latest project launch about an hour ago. it has been almost a year since jobs appeared at one of these events, he took a six-month medical leave in january and in the spring, acknowledged that he had a liver transplant. today the reluce sive ceo thanked supporters and then announced an update for i tunes and a new price of $199 for the smallest itouch. >>> beatles fans were hoping for a big announcement from apple but that didn't happen today, hoping they were going to see beatles tunes on i tunes. fans will be okay because "beatles rock band" is in stores now, one of the most anticipated and highly touted music video games ever, the game cost $60, available for xbox 360, play station 3 and wii. julie boorstin joins me from cnbc's l.a. bureau. good to see you. who cares? what is the big deal about the beatles on "rock band"? >> this video game industry has had a hard time so far this year. overall,

. >> rose:id they propose that or did dodd pronees? >> well, dodd i think has proposed something gular. >> rose: aouncil of regulators i thinhe callsit. >> well,e's got council of regulators... i thk it may be a significa differenc th treasurwould be the chairman. d the treasury wou have a staff. th that's one wayou can do it. the treasury wld put the... put the treasure in that positi but the treasury has no tradition, no aff, no expertise, professional background, no traditions in t area of banking supervision. and then think, you know, you ask... the federal resve is a natural pce... i mean, i assumed when i was chairman of the federal reservthat i had so responsibility for overseeing the whole system. whether i had any explicit authority not. because the federal reserve has a specialrole. it's the onl initution that, first of all, independent and has continuit it's professional, it's involve in regulation and it' got money, whh nobody else has, you kn, to go running to congress when there's an emergen. >> rose: that'why it can do t

. >> senator dodd, aye? >> aye. >> senator murray? >> no. >> senator reid? >> no by proxy. >> sirte casey? >> no. >> senator merkley? >> no. >> senator byrd? deegan no. >> no. >> voted 12 allies, 11 nays. -- 12 ayes, 11 nays. and >> we're a team. >> for a while it was you and bernie samberg and now is you and me. >> you see senator coburn docking -- joking about this being called on requiring members of congress to be on the public plan, failed in the house. this is one of the few non-party votes in the committee. does this have any chance when it goes to market? >> it is certainly one of those positions that makes people very uncomfortable it, and i think that is the way it was intended. also, like many of tom coburn's of minutes, she is making a powerful point, which is to not pass anything you would not want to participate in yourself. so many of the problems of health care because they're done in the third person, without really thinking about the practical implications. >> we will presumably steeped this session in the coming weeks or weeks as congress

in the help committee in the senate, they had hearing that is went on for hours and hours and chris dodd chaired it, they accepted 161 republican amendments at the end of the day, more than half the amendments were from the republican side and still not a single republican senator would vote for the bill. we need their help. we'd like to have it. >> are we talking about large scale reform achievable this year? >> yes, i believe it is. we've got to understand that just taking small steps at this point won't stop the obvious increase in health care premiums, which are making it very difficult for individuals and families to pay for health insurance and a lot of businesses are dropping health insurance. we also have to understand the insurance industry is fighting this tooth and nail. they understand real health insurance reform is going to make sure they can't be denied coverage for pre-existing conditions, there won't be caps on the amount of money spent in a lifetime, the health insurance companies won't abandon you when you need them the most. those are the kinds of reforms americans de

the secretary of health and human services was briefing reporters as chuck dodd sneezed into his hand. it brought a quick reprimand who informed todd he should sneeze into his elbow. wear all learning that. it's something she says we should all know by now. >>> the rain did not hold back. thousands turned out to see how president obama plans to fix health care in the united states. he pitched it to the young adults since they have to play for the plan. he called it a defining struggle for this generation. >> young people it's about what kind of country you want to be. we are the only nation on earth that leaves millions of people without health insurance. >> president obama says he knows the fight will be a difficult one but said a coalition of hospitals, doctors, nurses and drugmakers support the effort. he once again called for a public insurance option which most congressional republicans and some democrats oppose. >>> we want to know what you think, so drop into abc2news.com and leave us a message. tell us how you feel the president did yesterday. you can friend us on facebook, tw

what has senator dodd -- what are his plans? >> we expect him to become the chairman of that committee. he has not indicated his preference at this point. he could remain chairman of the banking committee if he wants, but he has the seniority to take over that committee. he was very close to senator kennedy, and this week senator reid tipped where senator dodd was leading when -- where he was leaning when he thought he would become chairman. we don't expect that to happen until after congress returns. >> it has. i think a lot of people see that moment as an opportunity to reassess this effort in a broad sense. it was distilled down to a lot of flash points over the recess. none of them were central issues to this effort, but i think people will have an opportunity to reconsider the magnitude of this effort. also, the way senator kennedy went about things, which over the course of the career earned him the respect of many of his colleagues, including a lot of republicans. >> one of the flash points was the mention of the worst

i think you'll see barney frank and christopher dodd go after financial reform. chris: stop taking money from them? >> i don't think they're going to stop taking money from them. chris: that's the question. >> they will get a little bit of populist rage behind them and maybe helpful given all the other debates going on. chris: i love the sound of that. when we come back, the big question, what's the biggest threat right now? is it higher unemployment to come or inflation? good question. we'll be right back. chris: welcome back. for the big question of the week, the biggest threat for the country, higher unemployment or inflation? trish. >> unemployment in the here and now, inflation down the road. because at some point we're going to have to make countries like china which are buying all of our treasury bonds happy. that means a higher interest rate. chris: when is inflation the number one concern of the country? >> a few years out. chris: -- >> inflation is a republican problem. unemployment is a big problem for barack obama. he's not going to be worried about i

and today, senator chris dodd, chair of the banking committee, and elizabeth warren, and the "huffington post." >> until we change the rules, we are not safe. >>> plus, connecticut police find the body in a basement of the yale building. is it a missing graduate student? >>> and will joe wilson be censored. speaking of outbursts -- >> and beyonce has one of the best videos of all-time! one of the best videos of all-time! >> kanye west with an interruption. the "morning meeting" starts right now. >>> a good monday to you. it was a monday morning one year ago that we were breaking the news of the collapse of lehman brothers. lehman brothers is like the ugly opening that showed you just how bad it was. today president obama heading back to wall street where it all began. air force one to land in new york in about two hours. he has a big speech midday. and the president will head and go to the federal hall. will the government do what they need to do with too big to fail or not? and then back to the white house later in the afternoon for the president for health care and the rest of it. and

senator chris dodd proposing his own bank regulation reform. it differs from the president's. we'll tell you all about it and discuss whether it's feasible or not. this is "the call." we are cnbc. >>> all right. first up, another multibillion acquisition to report today. dell saying it will acquire computer services maker perot systems for $3.9 billion. that comes to a cool $30 a share. perot systems soaring on the news. where is this thing? it's trading up -- yeah. trading up beautifully. up 11 points if i have that right. anyway, cnbc's silicon valley bureau chief has the ins and outs as always. >> a pleasant good monday morning to you. not as pleasant and good as it is for, say, perot shareholders. when dell released earnings last quarter just about all of us keyed in on the company's cash position, swelling to about $12 billion knowing full well dell was in an acquisition mood. this was not necessarily the deal on anybody's radar screen. acquiring perot systems for the 3$3.9 billion in cash. that's a 68% premium to perot's friday close. dell using a chunk of its own change

my counter part in the senate, chris dodd, is a very smart man. he just passed up being chairman of the health to stay in banking. people don't understand, that's a sign that chris is determined on his side to get this thing done. and, yeah, we will get the -- it one last point. there has been a delay. i said to somebody who reminded me i said it. our problem was that 2008 wouldn't end. originally i hoped that we could hope doing this new regulation starting in march or april.l. we were busy until june dealing with the things you mentioned. we are now -- we believe it's under control and all our energies now are under regulation. >> are you the person doing everything? i mean, one thing we keep hearing are these issues are complicated, it's tough.h. very few people in the industry under rif tives and what went wrong and how to deal with that. you may be the only person in washington who really some people say is capable of drafting a reform bill. is it really all you? >> no. by the way, warren buffett, i've asked warren to come in and he spoke wit

do you think senator dodd is going to go along with you now?ey see the you are san quentin is i or too they see republicans against democrats in this? >> i hope they see the urgency and i hope they see that acorn has been the -- has had millions and millions of taxpayer's dollars. we need to see how that. brian: 53 million. >> just millions and millions. and i believe that they are basically a political leone leaning of the democratic party. where they are corrupt and using taxpayers' money whether you are democrat or republican, you ought to be for this investigation. steve: it's interesting what you just said that they are the political wing of the democratic party. you go back a couple of years and when they were just accused of voter fraud, you know, nobody really got too excited yeah, that's just a political thing. brian: only the democracy. steve: that's just the republicans they are complaining. steve: now that they added the element of child prostitution and money laundering, people have actually gotten some attention except as gretchen

chris dodd on the countrywide thing, barney frank mail prostitution, fannie mae scandals and nobody is looking into it and william jefferson bribes and duke cunningham and other g.o.p.ers, our government is preparing for a potential crisis that we have been hearing about now a lot, the swine flu. let me show you something, gave me an idea, come with me for a second. bring up the maps, this is the map are looking at in the bowels of the white house and the president and says, okay here's the situation, casualty, it will be, rising and critical and will be real trouble. and they'll show you how that disease spreads. all over with the swine flu and hunter, start it from the beginning now, the swine flu, start from the beginning, i want to do -- not do the swine flu, from the very beginning, please. take the program to the very beginning. restart it. okay. here it is. don't think the swine flu. because the swine flu, what they want to do, is they want kwaurn tea you, if you are sick they'll put you into your house and stop it from spreading and let's say this is corruption. starts in washi

>> chairman dodd, ranking member shalle, members of the committee. i appreciate the opportunity to appear before the committee today to testify on behalf of the securities and exchange commission. my name is john walsh, and i'm the acting rector of the office of compliance inspections and examinations at the sec. first, let me say without qualification that we all sincerely regret that we did not detect the madoff rod. as i believe i speak you're for everyone in the examination program, we view the madoff case as a terribly unfortunate example of what happens when we fail in our mission. the type of fraud perpetrated by mr. madoff is the kind of misconduct we spend our days trying to uncover. that is why we feel the way we do. and that is why we are working soiligently to address the problems that contributed to the senator. let me assure you. we have not been sitting idly by awaiting the inspector general's report. indeed, from the time that we first learned of madoff's fraud, we have been working hard to revamp the way that we operate. since being

chris dodd is going to be asking that. how did you miss this?a: the truly amazing thing is that no heads have rolled at the sec over this. it is the biggest fraud of all time. we talked to people who lost their life savings if that happened as a private organization, they would get fired. >> the first female enforcement director at the sec -- she resigned bridge she did not fire, but she resigned amidst all this. it will be interesting to see how the sec goes forward with this. this was under christopher cox. he is the former sec chairman who said, i am leaving when president bush does. he did. at the same time -- martha: the bush and administration did not fire him. >> this report is very damaging to the sec. do you fire people? at this point, all we're hearing out of washington is, we're going to make sure that this does not happen again that is what chris dodd is supposedly going to be asking this afternoon. trace: the fear of h1n1 sweeping the nation shutting down schools, crippling campuses, putting people on high alert some doctors see a s

the pelosi-dodd bill does not do that.otes. bill: the bipartisan effort is still there, trying to get some republicans, but who knows at the moment. anthony wiener, a congressman from new york, he is looking for bipartisanship, too. here is how he classified it. >> to some degree, the senate, the president, have been like children looking for a unicorn. we would like it if it exists, and it would be nice if one came here, but bipartisanship on health care reform is the political equivalent of that. bill: have you found any unicorns? >> a person saying something like that does not want a bipartisan bill, and he wants a partisan bill. i think he is among the larger number of democrats that won a canadian-style health care program. we want to reserve force for the american people, not one size fits all. bill: thank you. megyn: some high-profile supporters of the president's agenda winning the race card fly, so are you a racist if you do not support the president's health-care overhaul? rasmussen reports on how many americans

she'll try to take on chris dodd.she wants to take on if she does end up being a senator for connecticut? we'll talk to her in just a minute. if you've had a heart attack caused by a completely blocked artery, another heart attack could be lurking waiting to strike. a heart attack caused by a clot, one that could be fatal. but plavix helps save lives. plavix taken with other heart medicines, goes beyond what other heart medicines do alone, to provide greater protection against heart attack or stroke and even death by helping to keep blood platelets from sticking together and forming clots. ask your doctor about plavix, protection that helps save lives. if you have a stomach ulcer or other condition that causes bleeding you should not use plavix. taking plavix alone or with some other medicines including aspirin may increase bleeding risk, tell your doctor before planning surgery or taking aspirin or other medicines with plavix, especially if you've had a stroke. some medicines that are used to treat heartburn or stoma

dodd: i want to rise briefly and share some thoughts about our colleague. i want to commend john kerry and jeff bingaman for their comments in capturing the good qualities of the senator from massachutts as well. and this is a robust hall with -- known for a lot of noise. it seems quieter today because teddy's not here. so we gath -- so we gather today 0 to share a few thoughts. i'm going to ask consent that remarks i made at the memorial service at the john f. kennedy library in boston be included in the record. the presiding officer: without objection. mr. dd: i was honored to be asked by mrs. kennedy, vicky kennedy, to share some thoughts that evening and was proud to do so, along with many others. i want to commend my colleague from rhode island, patrick kennedy, for his comments at his father's funeral, and his son edward kennedy as well, who made, what i thought were excellent comments about their father at his funeral service. just a few thoughts this morning. when we try to consider how to pay tribute to our colleagues, we often try to come up with