now to our guest host, frank keating. the former governor of oklahoma. tting crushed by dodd-frank new regulations. had a pass that expense to the consumers? dodd-frank applies to everybody. fossil three -- applies to everybody. think about dodd-frank right now. i don't question the fact that some of it was well-intentioned and some of it may only be good. of final rules and the average bank has 35 employees. and 95%the communities of our members have less than $1 billion in assets. their operating revenue goes to compliance. can you imagine here in new york where you have a restaurant were 15 to 20% had to satisfy the new york health department. >> where are the mergers? my history 101 says that when these shocks occur people consolidate to adjust to the cost of regulation. >> they are taking place right now. >> give us one. >> since the fall of 2008, we have lost one day per week, five days per week at community banks since then. we have lost 1500 community banks. you add that together and that is not good for flyover america or small-town america or me

frank keating will join us as well.lahoma.vernor we will talk to frank keating about republican politics. we will talk to him about the banking business, which really has regulatory challenges in washington, as well, with dodd-frank. to the midtermok elections. it is not as big as scotland, to be honest. but the midterm elections are in seven weeks here. asnothing was as big scotland. the ramifications of scotland are still going to be felt for quite some time. but we will be watching the midterms. tom keene joining us from new york. the french prime minister makes his first official visit to germany today. the eu needs to resolve political differences and improve the economy. quickly, please. hans nichols joins us now from berlin. the big question is who is going to blink first. clearela merkel has been that they will not be spending any more money in germany to boost demand to juice the economy. parliament and said they will not change their 35 hour workweek. they're going to miss the budget deficit. it is a standoff.

american bankers association, ceo, former oklahoma governor frank keating on the threat to banks and what is the big fear, governor? >> precisely what you said. i think it is, good to have laws say we should be very concerned. it is important that all the regulators and all the banks and the federal government recognize that a nation-state attack on the financial services industry of the united states or utilities or whatever it may be is serious business. the thugocacy groups and criminal elements that is totally different deal. banks pay anyone who losing money, in cyberattack banks pay. the target breach, retailers, apparently they gave access in effect keys to the kingdom to the heating and air-conditioning people which is just crazy. i think any of us who served uncle sam the recognize the big fear is nation-state and we have bill in congress -- neil: they have more money, weapons behind them to make -- >> latest technology. they can develop themselves. can steal it or borrow it. neil: starts with paying kids really good at this stuff and -- >> yeah. i'm just saying, for us as a