we did two important things in dodd-frank to address this. by eliminating the hiding places from regulation and ending too big to fail. first we gave the fsoc, the financial stability oversite council the authority to require federal supervision of nonbank financial companies that pose systemic risk and required the fed to impose heightened regulatory requirements on these companies, as well as any bank holding company. with at least $50 billion in assets. these changes also leveled the playing field between nonbanks and banks. secondly, if a company does fail, in spite of the heightened requirements in supervision, we also provided an orderly liquidation authority entitle inn title ii of dodd-frank, so that regulators would not be faced with the horrible choice between either bailing a company out, at taxpayers' expense, which we did with aig, or letting it fail to the great detriment of the broader financial system. designation of nonbank companies is a two-step process. the entities must first be identified as nonbank entities and must be

>> go ahead. >> will you vote to repeal dodd-frank? >> we've tried to look at dodd-frank and realize which portions need to be modified, changed, improved upon, reform if will you and do so in a bipartisan manner. your opening comment with regards to the jobs bill was case in point. it wasn't a republican initiative. it became the senate the house. i was in the conference committee, i saw how that went through and anyone who believes that bill is perfect the way that it is and should not be reformed, i think it would be remiss in understanding how the legislative process works and was it good for the marketplace. >> what part would you repeal? >> as much of the part doing damage to the economy you talk about the volcker rule. i don't know where anyone made the comment that pro pry tree trading was -- i've not heard any expert come to the panel and say the fact we don't have more consumer protection is we have a lack of '08. these are all things out there that said how can we add to to a bill and they threw it in to a 123 page bill to t

ken. >> frank i want to show you frank ogawa plaza right now. there are hundreds of people there but as you said with that march making its way through downtown, our expectation is that once that crowd aayes here we will have significantly more people here at frank ogawa plaza -- crowd arrives here, we will have significantly more people here. flash bangs were set off as occupy protesters faced off on broadway. that was between 14th and 15th street. it was at about 11:45. several people were arrested. in some cases it was unclear what prompted the arrest. other protesters were seen aggravating police officers. that ended at about 2:00 as police returned in force and arrested those who refused to move. now i mentioned some of those objects thrown at police during that process. it was also paint thrown. i can show you right here on my sleeve that is what was on that officer you saw in the video there. i was told that there were protesters throwing eggs filled with that yellow paint. didn't see that with our own eyes. now again we are here at frank

that included portions of dodd/frank. anyone who believes that 2,300-page bill that was rushed through and the derivative sections added literally at 3:00 in the morning, because i was on the conference committee, su sau it go through, believes that bill is perfect and should not be reformed i think it would be remiss in understanding how the legislative process works and what is good for the marketplace. >> would you vote to repeal it, though? >> i would repeal parts of it that are doing damage to the economy and incurring uncertainty in the marketplace, parts of it also that have nothing do with what brought us this situation. you talked about the volcker rule. i don't know where anyone made the argument that proprietary trading was the cause of '08. i don't have an expert that said the lack of registration of hedge funds was a cause of '08. the i have not heard any expert come to the panel and said the fact we don't have more consumer protection through another agency was the reason we went through '08. these were all

there is no assign yaigs for sfis in the dodd-frank bill. we're leaving those kind of threats and identification up to the fcoc, and i agree that the crisis that we had a few years ago, the j.p. morgan situation, certainly got to be avoided but we got to make sure that any additional regulation for our financial institutions, including both banks and non-banks will not stifle the growth of our economy and the creation of american jobs. that is the most important thing before us today. we have got to create jobs. we have to get this economy better. we got to also make sure that the forces that generate the capital that, disburse the capital, that lend and keep this economy going is not put in a straight jacket. i say that as a proud sponsor of dodd-frank and also as one who understands we got to make sure that the abuses don't happen, but all i am simply saying is it has got to pass that delicate balance test foremost economic growth, not be stifled. now, we're making great progress here. jobless rate is coming down, all of this, so all i am

almost two years after the passage of dodd-frank giving the cftc and the sec joint jurisdiction over the swap markets, they have still not agreed on the desfinition of a swap, yet somehow finalize rules based upon swap activities, defining and govern earning swap dealers. if market prarticipants don't know which activities fall under the swap, how can expect to know whether these are subject to the patchwork of registration, recordkeeping, clearing and trading rules, and if market participants do not know if their activities will cause them to be classified as a swap dealer or a major swap participant, how can they be expected to know when to submit comments? this is just one example that i'm bringing out here of how dodd-frank in its implementation have created unnecessary uncertainty in our markets. as the american economy continues to struggle with high unemployment, sluggish growth and the fallout from the ongoing european crisis, the last thing i believe we need are self-inflicted wounds. this includes those inflicted by congress, regulators and most recently poorly conceived tr

in writing and passing the dodd-frank two years ago, i believe we created a sound framework. i state i believe we created a sound framework that would allow us to stay ahead of the curve with the systemic important institutions basically to make sure that we regulate them and also that we do a lot of the enforcement that needs to be done. it's not just regulating them, but how are we going to enforce them and what action will actually be taken to make sure we don't develop additional crisis and that we solve the problems. this framework will allow the regulators to work with the market to participate in creating efficient and secure regulatory structures. at the same time it will allow the market to continue to operate in a free manner that will not be dictated by the needs and deems of the regulators. finally a firm does not run into trouble. the market has the confidence that the mistakes of a few will not impact it the actions of many others. and that's only if the action is taken and it's brought before us to make sure that it doesn't affect a lot of the consumers or indi

frank, say hello to marty. hi ! hello. sit down, frank. jess ss you sad him a ton of money on his car. he's good, but i'll let him tell you. well, i'll tell you, you made a pretty big impression on old jess. he's a nice man. did he tell you about my shop ? yes, he did. have you had much experience working with vans and trucks ? at an automobile factory. at did you do there ? well, actually all sorts of things. frank, could you give me just a little bit more of an example ? may i take a look at that ? yeah, i guess so. thank you. do you mind ? you're going to have to excuse me. we tried. can i talk to you for a moment ? sure. i'm sorry yo interview didn't go well. i froze up just like i knew i would. - i guess i let all of you down. - you didn't let us down. you let yourself down. but you know what ? i know how you ft. i doubt it. no, really. when my husband and i got divorced, i had to find work fast and i was terrible at job interviews. the day i came into crossroads cafe, i was so nervous that i almost got sick. - yes, but you got the jo

frank, say hello to marty. hi ! hello. sit down, frank. jess ss you saved him a ton of money on his car. he's good, but i'll let him tell you. well, i'll tell you, you made a pretty big impression on old jess. he's a nice man. did he tell you about my shop ? yes, he did. have you had much experien working with vans and trucks ? at an automobile factory. at did you do ther? well, actually all sorts of things. frank, could you give me just a little bit more of an example ? may i take a look at that ? yeah, i guess so. thank you. do you mind ? you're going to have to excuse me. we tried. can i talk to you for a moment ? sure. i'm sorry yo interview didn't go well. i froze up just like i knew i would. - i guess i let all of you down. - you didn't let us down. you let yourself down. but you know what ? i know how you ft. i doubt it. no, really. when my husband and i got divorced, i had to find work fast and i was terrible at job interviews. the day i came into crossroads cafe, i was so nervous that i almost got sick. - yes, but you got the job.

frank's cousin, buddy elias and his wife, gerdy, helped write the book "ann frank's family" after finding letters, drawings, postcards, and poems written by ann. i want to welcome both of you to our show this morning, buddy and gerdy. nice to have you on. tell me, buddy, i want to start with you. how did you stumble upon these letters and poems, and where were they found? >> well, they were found by my wife, actually. she wanted to clean up in the attic. in our attic there are lots of suitcases and closets from my grandmother and mother, and gerdy went up to clean up, and she got nosey, and she opened a trunk or a closet. come on, tell us about it. how did you find it? >> what did you think then when you found all of this? >> it was amazing. i could not -- i couldn't believe it because there were so many letters and photographs and more than 6,000, can you imagine, and i had to read all this archive. it was amazing. i had to do -- had to read and work with it for two and a half years. >> what do you think all of this says? i mean, is there something, gerdy, that really stood out to you th

who are victims of rape they'd be unable to have abortions after twenty weeks frank frank has his way the proposed law is even more restrictive than abortion laws in his own state of arizona but guess what it gets worse d.c. only has one representative in both houses congresswoman eleanor holmes norton and she is unable to participate in full house votes so considering the fact that legislators are usually allowed to testify on bills that affect their constituents you'd expect that holmes norton would be allowed to testify any objections mr chairman. representative from d.c. eleanor holmes norton has asked to speak at that hearing since it is a hearing only about her city the answer from house republicans is no here you have a bill that affects only by district and says you women will not be subject to the constitutional mandate of roe versus wade you alone can have an abortion only until twenty weeks by the way don't talk to us about how this is a violation of the fourteenth amendment as well not only are we going to try to impose that on you but we don't want to hear from the only v

>> police have just cleared out frank ogawa plaza. there were some altercation few moments ago between police and protestors. what we have now as you can see behind me is a line of oakland police officers in the riot gear holding a perimeter around frank ogawa plaza. we spoke to some folks here just before this happened. what they told us was after the protest permit expired at 7:00 p.m. l police allowed folk about an hour half to clear out but there were still roughly 400 people left in the plaza at 8:30. police gave the disburse order and began to move in. draw perimeter around the plaza and as you can see here they are trying as best they can in you can seeding in making sure nobody enters the plaza. they created quite a perimeter around the plaza in front of oakland city hall and making sure that nobody passes between those buildings to get between broadway and frank ogawa plaza which is one of the areas where the protestors were marching before is broadway. right now you have the police helicopter newspaper the sky. you have doze

>> exactly frank.going to use that road there near the kaiser convention center as you know, oakland there. across that way and then most likely get on 14th street and head down to broadway. >> and what do you figure here, when you look at this crowd. i mean we've seen some tight shots where it looks like several hundred. then when the photographer pans out it looks like this is a really large crowd. >> we have heard police estimating, they were planning to have their chopper up because they wanted to see how many people were in the crowd. they wanted to have argus their chopper up but it's not up yet. they were estimates 3,000 people. and more people keep joining this commute -- this march. >> looks like sal from what i gather there there are police that are blocking off the intersections to allow them to continue on down international? >> right, there's a police escort in front and also around this protest frank. >> okay, we will keep following this again. it appears their destination 14th and broadw

when he was talking about repealing dodd/frank this was in part a primary play.lation kind of guy. >> seeing other pivots, mary, also on the issue of immigration coming out, a version of the d.r.e.a.m. act. what else do you expect? >> i expect him to laser focus on the economy. i just want to make this point. i'm not avoiding immigration. but the only way the obama campaign can run against romney is distort his position for the republican position. there is no -- nor has there ever been any republican position that's been no regulation. we are for regulations and always have been. common sense means clear and uniform and predictably enforced. what dodd/frank does, it gives the authority to gauze the express of the regulators which always results in regulatory capture. madoff was regulated. we know what the volcker rule is and agree with the concept that no taxpayer backed -- >> all the years i was there trying to bring the cases every time i went before the house financial services committee they wanted me to preempt me so we could not bring it. it was kowtow. wh

>> frank? oh. there are some very good bits about frank. but no, it's -- im, there was a survey in 2010 by a faction which found only 10% of children would phone frank, would look to frank. this is the sort of thing that's coming through. and i've had personally very negative vibes about frank from all sorts of people. >> very good. we will come and ask you further questions on education. michael ellis, a quick supplementary. >> just if i could ask, miss hitchens, i think you referred to the self-indulgence in the use of drugs. would you suggest, would you support the premise that actually it's not only those who are being self-indulgence who par-take in the use of drugs? do you accept that many people, certainly when they start out using drugs, are feeling unwanted and depressed and lonely and inadequate, and when they get into the first use of drugs, and that they need help, and that they are in effect victims too? and that sizable efforts need to be made towards rehabilitation rather than just punishment? >> personally, no. i think that

according to a recent report regulators met only one third of the dodd-frank rule making deadlines. while there is no question that the rule writing process mandated by dodd-frank makes it very difficult to meet some of the deadlines, the regulators share culpability here. for example, all the cftc and serk have proposed numerous new rules from did he active tifz, they have still, still not proposed rules that clarify the definition of a swap. let me repeat that. almost two years after the passage of dodd-frank giving the cftc and the sec joint jurisdiction on the swap markets, they have still not agreed on the definition of a swap yet somehow they finalized rules based among swap activities defining and governing swap dealers and major swap participants. if market participants don't know which of their activities will fall under the swap definition, how can they be expected to know whether these activities will be subject to the patchwork of registration, record keeping, clearing and trading rules? if market participants do not know if their activities will cause them to be classif

barack obama put frank van der sloot on an enemy's list. he was targeted for retribution. >> you say i'm an honest businessman. what happened to your business in lieu of that? what happened? >> when first saw the list, i thought, this is scary. within hours of that then all kinds of things started to appear on the internet suggesting all kinds of accusations against me, rewriting history about all kinds of things the i was supposedly guilty of. >> did it impact your business directly? >> it did right away. the first day phone calls started coming in. we lost a couple hundred customers. >> as soon as president obama put him on this enemies list his business suffered. that's the scandal here. the president targets a private citizen and the private citizen's entire livelihood threatened. flashing red lights. that whole line, the private citizen's livelihood is being affected, his private life is being pried into. that's what he told us months ago. months before president was conceivably involved, before that blog post appeared on the internets

franks, mr. franks votes aye. mr. lobesack votes no. mr. schuster votes aye. miss tsongas votes no. mr. conaway, votes aye. miss pingree votes no. mr. lanborn votes eye. mr. kissle votes aye. mr. witman votes aye. mr. hein drik votes no. mr. hunter votes aye. mr. owens votes aye. dr. fleming, dr. fleming votes aye. mr. garamendi. mr. garamendi. mr. kofman votes aye. mr. critz, mr. critz votes no. mr. rooney votes aye. mr. ryan votes no. mr. plats votes aye. mr. rubbersberger votes no. mr. ridgel votes aye. mr. johnson votes no. mr. gibson votes aye. miss sutton votes no. mrs. hartzler, votes aye. miss hannah boo is a votes no. dr. heck votes aye. miss hokele votes no. mr. schilling votes no. mr. runnion, votes aye. mr. scott, mr. scott votes aye. mr. griffin. mr. griffin. mr. griffin votes aye. mr. palazzo votes aye. mr. west votes eye. mrs. roby. mrs. roby votes eye. mr. brooks votes eye. mr. young votes aye. mr. garamendi. >> clerk will report the tally zbllt 36 aye votes, 25 no votes. >> the amendment is agreed to. if there are no further amendments the chair recognizes the gentl

barney frank was clear about that too. the gay community was not holding its money up.s not about money. it was unplanned. the vice president, you know, spoke from the heart, and the president kind of followed that. but the -- >> well, wait a second. one point actually mary didn't include, this was going to be on the platform, a platform for gay marriage at the democratic convention. the president had to do it before then. didn't he? >> i said months and months ago that i thought that this election would not take place without the president having come out strongly in support of same-sex marriage and mitt romney, strongly reinforcing his opposition, and let's talk about sort of as the president's journey, as maggie talked about, the movement of the last several years, the president's journey is much more closely followed the american people. mitt romney has devolved, you know, in 1994 when he was running against ted kennedy, he was going to be better on gay rights than ted kennedy. now he's against everything. >> has he gone -- >> that's not true actually. he's always -

i believe that frank was sort of shotgun approach. are we going to come back and take some of the pellets out of the bullets and go back to a rifle approach? make sure the rules are specific to the larger institutions and take some of those back off the smaller institutions and nonbank lending folks? >> so the fsoc regularly discusses existing upcoming regulations that are part of dodd/frank and i expect it will continue to do so. consistency across the agencies as they develop their rule making process and that help ensure that any rules that are -- regulations that are promulgated are dealt with appropriately. >> they're not going to make them more streamlined or more appropriate to just the bigger folks who are -- the problem areas and alleviate the smaller folks? >> fsoc itself is only -- not a regulatory agency and most of the -- >> certainly could provide some guidance, could it not? >> its members, many of its members are regulatory entities and they do discuss the -- their upcoming regulations with other council members. i don

frank. >> there are some very good bits about frank. but no, i mean, there was a survey in 2010 which found that only 10% of children would phone frank. would look to frank. this is the sort of thing coming through. and i've had personally very negative vibes about frank. >> very good. we'll come and ask you further questions on education. michael ellis a quick supplementary. >> you referred to the self inactual against in the use of drugs. would you support the premise that actually it's not only those who are being self indulgent who partake in the use of drugs. do you accept many people when they start out using drugs are feeling unwanted and depressed and lonely and inadequate and when they get into the first use of drug, and they need help and they are in effect victims, too, and that sizable efforts need to be made towards rehabilitation rather than punishment. >> personally no. i think that taking drugs is a wrong thing to do. i think there is a good reason there being a law against it. if people do it should be funnished accordi

he said, tell frank i said hi.w, these agents spend so much time with them in court and elsewhere. they got to know them. i think that's important that you know your enemy not just keep them, you know, at the 30,000 foot distance. >> other questions? >> the yes man over here. -- the gentleman over here. the details do you know if it's true that he was 140 times. its did true, how can he survive such a treatment. >> i think the official number is 183. >> 183. it happened over a period ofm$ month, which if you do the math. i don't think the public is aware of what does that mean? like if you're lying down and they pour water on you like four times in one session. is that four water boards or is that one? i think the bottom line is, is that we haven't scene in the book about ksm is ticking off his fingers about water boarding them because he know it's going to stop at the certain point. that's a good thing, they were applying the technique so carefully that somebody like ksm could know they could only take it to a cer

dodd-frank has a lot of very positive aspects to it. i think improvement of capital ratios, capital planning, resolution planning, lick we digs authority, improvements in government and risk management. those are all positive aspects. i think the financial system is much better off for many of those. but you did a great job in your testimony laying out some of those. frf the standpoint of mr. frost, real solution. even though we're not in a lot of the businesses, senator, i think it's a

now, dodd-frank does give us the mechanism to do that. it's whether we have the will going forward. now we have even larger institutions accumulating greater risk and concentration, so the will part will be even more difficult to come forward. what the proposal i put forward says is let's take these high-risk activities and let's move them out into the market and let the market be the judge there. and the part that was meant to be protected by the safety net, the payment system, the settlement system, the intermediation process, let's allow that to continue to be protected. but we take these others where the subsidy has allowed the leverage to move up and take that away, then dodd-frank becomes even more, i think, powerful in the sense of resolving institutions that in fact fail with the next crisis. and i think that's where we have an opportunity to strengthen our hand going forward. and i want to comment on the fact that if you -- people say if you take this away, we won't be as competitive, but in the '80s and '90s before the repeal of glass-steigel, the united states had the mos

as dodd-frank recognized. they did not appropriately regulate the activities of aig financial products. insurance law and insurance regulators would not have permitted the activities to occur in the same manner within a regulated insurance company. if fsoc names only certain insurance companies it will be picking winners and losers in the insurance industry. some believe naming metlife and other insurance companies would give us a competitive advantage over the smaller rivals. we are indeed, too big to fail. and if we got in financial trouble, the federal funds would be used to rescue the firm. at the other end are those who believe they would be placed in a competitive disadvantage. they would reduce returns on equity for shareholders and impose higher prices on customers. they would have to deal with two levels of regulation compared with one for the rest of the industry. i've been forced to stand on the sideline including all the regulators returned the capitol to shareholders while bank rules prevented us

sponsors senator chris dod and congressman barney frank. top staffers for dod and frank are now consultant at lobbying firms working for the biggest banks. you see, after congress passes any bill, it's up to the officials in the executive branch to implement the law by writing detailed regulations. dodd-frank gave huge lead way to agencies with be sec, treasury department and federal reserve on just how to write the new financial regulations that the bill prescribed. so the big banks and financial consultant did exactly what you would expect them to do. hired out the congressional officials who wrote the bill. for instance, amy friend was a general council ever the senate banking committee during bailouts and dodd-frank. senator dodd thanked her repeatedly from the senate floor for her work on the bill. in january 2011 she left capitol hill for a financial group a politically connected consulting firm for big banks and other financial companies. when they hired amy friend they noted her work on dod franks and explained she would work for th

we put out a second proposal. >> i know how this all came down with regard to dodd frank. normally during a thoughtful and deliberative piece of legislation i think the fed would be responsive to what that legislation is. i'm not sure whether we are talking about the same thing. i know there was concern by the industry, various industries when there was talk about the fed being able to designate nonbank financial institutions. so there was specific amendment adopted into the law. what it said was engaged in financial activities as defined under existing law section 4 k of the bank holding act. now the fed has gone beyond that because here in dodd frank it describes predominantly engage in financial activities is described as section 102 a 6 to mean a company that derives 1 or 2% from activities financial in nature. in section 102 b further provides that the board of governors shall establish by regulation if a company is predominantly engaged in those sections as described in action a-6. it seems as though it is laying out pretty clearly in the statute that financial activ

i spent a week trying to get people like barney frank and ru russ feingold.ave a serious debate, argument about foreign policy, national security, which i think is very important. should not be put aside simply on behalf of all the economic issues, entitlement reform, obama care and everything else. i think the ajc poll shows romney doing better among jewish voters than mccain. obama beat mccain in the era of hope and change. 3 1/2 years ago. 72-28 among jewish voters if you allocate undecideds, in the ajc poll it looks like 68-32, 69-31 split among jews this time. if romney can do much better among the country as he looks like he will do among jewish voters he will beat president obama which i think will be a good thing for the country. >> barney. you will have extra time. >> thank you. let me acknowledge the -- the rueful compliment that bill paid me, regretting that i wasn't dumb enough to challenge the p it is only, my refusal to run against the president that would endanger the chances of the public policy i want being accepted. i guess that is just one

gibson, title i of dodd-frank defines a non-bank financial company as a company that is predominantly engaged in financial activities. however, there has been some confusion over what it means to be engaged in financial activity. doesn't this confusion need to be resolved before fsoc can start designating non-bank financial companies for supervision by the federal reserve. >> the federal reserve has a proposed rule out for comment that would define the phrase in the dodd-frank act activities that are financial in nature which defines the set of non-bank financial companies that are possible to be designated. we issued a proposed rule in february of 2011. we received a lot of comment on that proposed rule. in response to the comments we issued a supplemental proposed rule in april of this year that clarifies certain aspects of that definition, but the fsoc has noted that they don't believe that they have to wait until the federal reserve's rule is final to designate the companies. >> so how do the federal -- how did the fed determine which activities are financial? >> so what we have d

franks. no. mr. franks votes no. mr. conway votes no. mr. lamborn votes aye. mr. whirtman? mr. whitman votes no. mr. hinrich votes aye. mr. hunter votes no. mr. owens votes aye. dr. fleming votes no. aramendi votes aye. mr. critz votes aye. mr. rooney votes no. mr. ryan votes aye. mr. plats. mr. igell votes no. mr. sutton? votes ay pe mr. hanabusa votes no. ms. spear votes aye. mr. runyon votes no. mr. scott votes no. mr. griffin votes no. mr. latos votes no. mr. jones. mr. jones? mr. platts votes no. >> how has mr. longavin reported? >> aye. >> the nos are 350, the ayes are 26. >> so the amendment is not agreed to. >> number 177 shall now resume those proceedings. the question now occurs on the amendment offered by mr. kissel. the clerk will call the role. >> chairman mckeon? >> no. >> mr. smith? mr. smith votes no. mr. reyes votes no. ms. sanchez? mr. sanchez votes no. mr. jones. mr. mcintyre. fwlchlt mcintyre votes aye. i'm sorry. m. mcintyre is recorded as present. mr. forbes votes aye. mr. andrews? >> mr. andrews votes aye. mr. davis votes no. mr. wilson votes aye. mr. lar

it's not enough for mitt romney to say that the bill was wrong, that frank/dodd, dodd/frank was wrongcause that sounds like all these rich guys on wall street are going to have their way, and they're going to do what goldman did, which was really a $100 billion investment and they lost $2 billion. edward, your pal mitt romney has to come up with a position that makes some sense that doesn't sound like he's catering to all his wall street buddies. how does he do that, edward? >> i think obama if he wants to get reelected, he is going to have to grow this economy more than he has. and vilifying the banks, vilifying successful risk takers, loading -- threatening successful risk takers with significantly higher taxes, there is no way that is going to produce the kind of growth that will be required to get him reelected. so he can go down this path, but jpmorgan is a red herring. it doesn't solve the problem. he won't get the growth and he won't get elected if he doesn't get the growth. >> i'm sorry, i'm down to 30, 40 seconds. romney's got to have a position, because then people are going

allow trent franks to use d.c.test site for his radical, anticipate-woman agenda and we will not stand for any more extreme anti- choice attacks on the district or on the rights of women here and across the nation. >> reporter: there is a major effort under way to tell frampgz' constituents back home how interested he seems to be in district affairs. last week, many d.c. residents decided they would take all their local problems to him. even called him mayor. all of this to prompt media coverage in arizona. >> i'm he a d.c. resident. i'm here to ask mayor franks about the cockroach and rat problem up in petworth. >> reporter: will this latest tactic work? the mayor getting arrested last year didn't do much good. neither did this outburst by norton. >> it is time that the district of columbia told congress to go straight to hell. >> reporter: still, no one seems ready to give up the fight for local control. >> i said we're going to fight from where they live. >> quite the controversy. remember, d.c. has had a balanc

fed has proposed a rule to define financial activity through the definitions and purpose of dodd/frank. it appears that a few additional lists of financial activities that are different from what dodd frank had intended and from those activities defined under the bank holding companies are now included. in other words, dodd frank clearly says that the fed has the authority to define the criteria for falling into this category but it doesn't give the fed the option to redefine terms that are already set forth in dodd frank. so i guess my opening question is, why do you think the fed has this authority to go beyond what dodd frank is explicitly setting forth as far as defining of terms? >> i'm not aware of any ways that the proposed rule is going beyond or trying to redefine terms. i think that the proposed rule which has been reproposed is responding to comments we received in response to the first proposal that there were some suggested changes. and in order to incorporate those, we put out a second proposal. >> i know how this all came down with regard to dodd frank. normally during a

and 25 years ago today barney frank made history. he'll tell us what it was like to be america's first openly gay member of congress. and in the rewrite, newt gingrich pretends there's nothing ray cyst about the lies of donald trump. while he's at it, he lies about his true feelings. started running when he was six and he didn't stop for three days and nights as he escaped life as a child soldier. twenty years later, he was still running, he just had a different thing driving him. every step of the way. ♪ visa. supporting athletes and the olympic games for 25 years. join our global cheer. trouble with a car insurance claim. [ voice of dennis ] switch to allstate. their claim service is so good, now it's guaranteed. [ normal voice ] so i can trust 'em. unlike randy. are you in good hands? >>> a new poll shows mitt romney gaining ground with women voters. is the republican strategy of 50 shades of mitt actually work sng karen finney and judith gray join us next. and in the rewrite tonight, the lies newt gingrich uses to diffuse the lie

i saw your interview with barney frank.e rules in place thanks to the reform that they've put in place that now makes firms like jpmorgan, make sure that they have the captain so taxpayers aren't on the hook. >> nothing was done illegally and the shareholders took the hit. that's the free market. romney should explain more about the free market rather than say we need more government programs to protect this from happening. >> i talked about something else. he needs a plan. his plan is repeal what obama did. i don't any anyone thinks that's enough. >> and in light of this -- >> but it was designed to be, to stop too big to fail, too big to work, the big dodd-frank bill. >> this is a problem of him getting out of the primaries and having a primary message focused on conservatives just being against everything obama was for. he hasn't really put forward a -- you know -- >> the reason this works for bp b is that h obama it let's him make that. romney is for taking all the protection away. >> the social security system, medicar

a conversation with three-time tony winner frank langella. he has a new memoir about his life in show business, called "dropped names." with some of the biggest names in show business. i am glad you joined us. a conversation with actor frank langella starts now. >> every community has an m. l.k. boulevard, where wal-mart stands with your community. make every day better. >> and by contributions to your pbs station from viewers like you. thank you. ♪ tavis: always pleased to have frank langella on the program. he was here in 2009 for his oscar-nominated roll in "frost/nixon." he has a memoir of the people he's met and worked with. the book is called "dropped names." famous men and women as i knew them. >> travis, great to see you. tavis: when you were here last, you were doing media rounds for "frost/nixon." wyou weryou were here. when our guests leave, we give them a mug. it has our show logo. frank langella leaves here. we gave that and some parting gifts. he goes to his hotel room. a bungalow you were staying at. you go and take our mug wit