you know i haven't done enough reporting on phil gramm to say definitively clearly. folks like phil gramm and other people in washington played a significant role in and pushing this because the reason that that folks at the big banks were emboldened to do this is they knew that that the shackles have been taken off that there was little chance that there was going to be any kind of enforcement any kind of rule making and often you know as they say you know what was what the crime was was what was legal it was sort of an anything goes. and vironment right which brings us to the philosophy of the phil gramm was pursuing or pushing and not just him i mean in this whole thing as you point out you know from from carter forward and in and reagan put it on steroids and really nobody has challenges since then although i would submit that in some ways the obama administration is now starting to aggressively challenge it eric schneiderman today in. new york really going after some of these guys but but this neo liberal notion using the european word today we hear in america w

and obama campaigned against gramm-leach-blyly for six months.e didn't change a single major thing. >> should banks be able to trade for their own account? >> yes. >> you say voker is wrong? >> i say voker is wrong. >> should they be able to sponsor priority equity and hedge funds inside their own accounts? >> in their holding companies, not in the bank. >> that was the fire wall you always wanted. >> thank you very much. you bullish or bearish? >> in the long run america is going to work, it's going to overcome not only the disease but the absurd prescription of the doctor. >> senator phil gramm, we appreciate it very much. tomorrow i'd be jond by ed lazear. i'm larry kudlow. we'll see you tomorrow night. tdd# 1-800-345-2550 let's talk about fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidd

i remember one time i was in conference having a hard time from phil gramm and don nickles and all of my buddies over there, and tom was in his conference having a similar time and i stepped out in the hall to call him on the cell phone and i he answered it and stepped out in the hall and i said, we have problems here, and we have to get this done, and we will do it and we will do it now. we meet you on the floor. and he got it called up, and both of the conferences saying nay. now i'm not going to tell you what the bill was because you might say, yeah, you shouldn't have gotten that done [ laughter ] but that is called leadership when you are willing to step up. tom mentioned the 50-50 senate, and that one almost cost me my job. i negotiated a deal with tom that my conference thought was too good of a deal for tom, but i think that we did the right thing. we shared it. 50-50 in the committees and so forth. so you need to dodo more of tha and the american people will demand that we begin to make some change cans, and we find a way. so many of these things are not partisan. a national

>> gramm green -- graham greene. we all have characters inside our heads. it could be a writer or a figure from history. somehow, we feel they know a specter than our friends and family. tavis: for you, graham greene is that figure? he has haunted you? >> i was in a little hotel. i got into a car to look around. as soon as i did, in man flipped into the passenger seat to show me around. that was disconcerting. i was reading a biography of graham greene. he had the same experience at the same hotel. i remembered when i was a teenager the man responsible for my spiritual welfare for four years. i went on reading. i found out that in the 1970's he was planning to write a play on an obscure romantic 19th century printer. in the 1970's, i had decided to write a dissertation. it went on and on. something theory. when he was in his 30's, he had always had this terror of seeing his house burned down, which is a strange thing, growing up in suburban england. during the blitz, a german bomb did hit his house and reduce it to ash. when i was in my 30's, i was walking

thirty five a glass steagall until until just recently you know we had a stable economy until phil gramm pulled apart glass steagall in one thousand nine hundred ninety this puts it half way back together and just seems to be like a rat is an honest argument to be had for separating shareholder equity investment but i don't i think we're making again we're making a problem for a solution that was not the cause of the financial crisis it wasn't there we just leave data we have an economy now that is you know twenty five percent of our economy now is fire it's the financial services but that benefits it was only ten percent you know when reagan came into office thirty years ago at that time we had twenty six percent of our economy was manufacturing it's down to ten or eleven percent now our commies flipped completely upside down right but when you send word to reveal a lot of these banks just make anything of value we use the word the rivet and i think that word gets demonized but the reality is when you're an airline company that specializes in service and airlines you don't want to deal

break the economy this is just one example of that to gamble and to hustle and for the record phil gramm the guy who pushed the commodities futures modernization act and bliley which blue glass steagall which is a whole nother hysteria both of which tremendously held one company enron his wife wendi in his work in the industry she was on the board of directors of enron so this is there's a long history to the bizarre corruption here phil gramm who was john mccain's economic adviser and and good buddies with ronald reagan free marketeers say hey anybody should be able to gamble on anything you know. but we historically haven't done that we've had markets that are transparent and that are regulated particular commodities markets how do we get back to that. well you know free marketeers also love to quote adam smith who thought this sort of thing was despicable so this isn't a market in any conceivable sense of the word in a market when the demand for a commodity goes down the price reacts accordingly this is something else altogether this is gambling it's gambling in secret it's gambling i

and gamble that money in wall street and and this was blown up in one thousand nine hundred by phil gramm and you know led right to in large part the crash of the the wall street crash and so paul volcker a good republican says why don't you do this and and and the robot and congress republicans as well bloated for this thing and now the banks want to. blow it up and it looks like the republicans want to go along with it i don't understand why i mean the problem i see with essentially no we're referring to banks not being able to make proprietary trades on their own behalf with other people's money so they're going with the reason that the i mean this is exactly what it was during the rule back in would basically it would disallow banks from being able to use that money to provide the reason we don't have a static economic pie in this country is if i invest something the person that i give that money to the person who i make that investment with is then for each use that money in other economic pursuits that then create more wealth in other areas of the economy so if you don't if you don'

chairman of the federal reserve, alan greenspan, the right-wing republican senator from texas, phil gramm, who once called wall street "a holy place," and later would become a high priest at the global banking giant, ubs, and the democratic secretary of the treasury, robert rubin, former co-chair of goldman sachs and tireless advocate of taking down glass-steagall. in the weeks before its repeal rubin left government to join, are you ready for this, citigroup's board, the very financial giant made possible by glass-steagall's elimination. and so it was -- the fix was in, the path was cleared all the way to the top. >> sandy called his friend the president last night and invited me to join in on the conversation and we had a good talk. so the president was in fact told last evening about what was going to happen. >> you got that, i'm sure. wall street was telling the president of the united states what was going to happen. within two years, glass-steagall was deader than a doornail. with the stroke of a pen, president, bill clinton, signed legislation that eliminated its protections and ga

there was the concert that took place at the pavilion, where phil gramm came in and brought in bob dylan and the grateful dead and the starship and 20 other acts and basically save the san francisco sports program in the schools and raised a whole lot of money. then there was the unity festival in 1975, when i was still living at the park, where the grateful dead and the starship played for free. an amazing time. my favorite weekend of the year is the first weekend of october. i would never miss it. that is because of hardly strictly blogger's. when i started going about five years ago, what i remembered was that it reminded me of a simpler san francisco, a simpler, gentler time, a friendly time, where there are no hassles. never seen a fight. i have been there for hours and hours and hours. i have never seen it came during -- never seen angry and pushing people. i was amazed at how big the bike lock up was, and this is a wonderful lesson for our city, and we need to cherish it. we really do. let's help people have better festivals and more festivals in the park. supervisor mar: sir? >>

a big night for ernie gramm. he went to dunbar high school. he will have as maryland jersey race to the rafts at the comcast center -- raised to the rafters. the terps want to get closer to the .500 mark. they are playing without pe'shon howard. it is a huge loss. >> we were starting to get it. it is disappointing. i feel for the team. i thought we were starting to be a lot better than everybody thought we were going to be and that we had a chance to win a lot of games. >> 9:00 p.m. tipoff tonight. >> thank you. no more king kenny bars from mars. -- candy bars. >> a couple behind bars. and have ained live close look at traffic tieups included an accident in anne arundel county. >> we have some rain showers to talk about and maybe some snow this weekend. >> it is a mess in anne arundel county. details are coming up. working in public relations is not for the faint of heart. i love what i do, i enjoy the work, but it's a very hectic pace. strayer university met my needs in terms of my family, my work-life balance. the fact that leading companies

the man tonight is ernie gramm. begin with college basketball. an honor for a former maryland standout. is number 5 jersey will be raised to the rafters. well deserved. he was a sensational high school player in the baltimore area. crunch time for the terps. they have six conference games left. they have to play without pe'shon howard who tore his a cl. this is a big blow. tipoff tonight at 9:00 p.m. the amazing story of jeremy lin continues. the knicks beat the sacramento kings. he did not score 20 points or more. get rid of him. boo! he is overrated. he did finish with 13 assists. pass me the ball and i think you're the best point guard in the league. here's the lob. the knicks have won seven straight. president obama says he watches number 17 every night. it is election season. >> thank you appeared at 39 degrees on tv hill. the usns comfort is relocating. >> residents living without heat are hoping to say they can get warm. >> new group gets the green flag for the baltimore grand prix. how they plan to avoid last year's financial potholes. th

ernie gramm had is jersey race to the rafters last night. happened before maryland played boston college. he had to love this game. last night, terrell stoglin and the terrapins won. late in the first half, check this out. get the span. that caps another run. terps by 14 at the half. my 244 stoglin -- game-high 24. maryland wins and they will play virginia on saturday. joe flacco and his agent are heading to the bargaining table with the ravens. joe flacco should be paid among the top five quarterbacks in the nfl, according to his agent. 49-24 county the playoffs. he could make as much as $70 million for five years -- 49-24 counting the playoffs. way to go, joe. he and his wife are expecting their first baby in june. spring training begins for the orioles this weekend. first workout is set for sunday. gary carter lost his battle with brain cancer yesterday. is way too young -- that is way too young. he was inducted into the hall of wee the same year in the maeddt murray went in. >> was a nice guy -- he was a nice guy. >> 39 degrees on tv hil

keep in mind with the civil war men who were running america are the gramm warriors who have destroyed the south. the president is ulysses s. grant and william tecumseh sherman and also phil sheridan all of these names are familiar. and these are the men who were running things. 1871, they unleashed the greatest war machine in american history. looking at this tribe that was sitting there holding up everything. 1871 these guys said, one of the reasons the comanches were still there as i point* out is the civil war took the attention away from the planes. 1871 that attention was no longer focused on the war or reconstructions but now look to see what we will do about the comanche problem. quanah parker was 21 years old the leader of the most remote and most hostile bands in the panhandle by low becker amarillo texas. they were an amazing bunch. they kept away from the white man contracted very few of the disease is. 15,000 horses, they traded with men who operated out of new mexico. you see them in movies as a rough bunch. so grant and sherman decide they have been death so they center

vanished from our economy is a wreck as a result of the lack of regulation it was brought about by phil gramm when his wife wendy was on the board enron and he was pushing through the grammys blyleven to blow up class stiegel to deregulate the banks and the commodities futures modernization act to deregulate commodities so that enron could make a fortune on and it crashed our economy seven trillion dollars has vanished all the federal government let fannie mae and freddie mac. steal it had nothing to do with that and they are. and with that bill that was another good example of why government agencies like freddie freddie and fannie should never should have been privatized anyhow it's time for a quick fire let's get to our last question here quickly now the title is icons of childhood entertainment in america under attack by conservatives first it was the moffats muppets that sponge bob square pants and now dr seuss take a listen to what lou dobbs had to say about the newest dr seuss film the lorax. the movie set to be released nationwide next month is about a woodland creature who speaks for

terrible shot back of the gramm as close as they can't illinois loses 67-62 they are 16-10 losing seven university playing better. on the road defending national champions cleveland melvin university of lies and for the big finish. halftime but now rolling in the second half shabazz napier looking for andre drummond. a lot of that tonight. 80-54. newly ranked irish shooting for seven and a row against rutgers university junior jack cooley of glen abarca south 22 points and 18 rebounds pulling away in the second half and sophomore alex dragavich from glen brook no. in my skim off the bench. on the professional side chicago bulls practiced without derrick rose and richard hamilton unlikely that will play against boston tomorrow night luol deng did have all-star coach virtue of victory over sacramento kings tom thibodeau and staff getting to coach eastern conference all stars. you can bet has not spent one second thinking about any of that >> it is a long home stand all- star break coming up stay focused easy to get distracted thinking about other things when you have to go step by step th

that crime lab has the largest living quarters and databases in the region if gramm out of that property to belong to the family of cars all pit this is the wall that investigators have been digging at. shermantine refers to this as her thoughts valera. this entire matter is a part of a shermantine group. according to shermantine, is a radio tower has a well underneath and there are both in there as well. he says there are more remains at that location that where there currently digging. >>pam: yesterday we told you about a list of missing persons that could be in that well. a warehouse and was reported missing back in 1986 and the deal marks was last seen in 1988, both from stockton. kron4 has learned that private investigators have compiled their own list of possible victims which includes these two women. it has not been confirmed that these women are a part of the investigation. alejandra cerball takes a closer look at how investigators came up with their list. stubhub of >> private investigators say they have compiled fissile list of possible victims. soft they say 30 people were re

she was preparing to go to the gramm grammys, a pregrammy party she was supposed to be at the same hotel grammy party was being held. her body was found at 3:43 this afternoon and pronounced dead at 3:55. that's according to beverly hills police. that's at the beverly hilton hotel. we are looking at live pictures at the hotel this evening. still being held. we are waiting to possibly hear from clive davis this evening. clive davis was the person who discovered whitney houston. piers morgan is standing by in los angeles. as well as paul down on the street at the staples center getting reaction to the tragic news. paul? >> don, you and i were here a while ago. >> quite an ironic thing. what do you do with the grammy show. >> as you know, we had a long-term association with whitney. whitney was a multigrammy winner and appeared on the show a number of times and personally we had done a number of shows with her. very saddened and we don't top the rush to anything that wouldn't be respectful. our plan at this point is we asked jennifer hudson to come and really at this moment, we will talk ab

we have seen just this weekend with statements by senator mccain and gramm that we should be supporting the syrian opposition, and i expect this debate to continue. i do not expect it to affect the strategic rocket was of the obama administration. because i think underneath this rhetoric coming debate the administration understands very well that none of the conditions that would be needed to make intervention of meaningful option are --in place./ i think there is a fundamental understanding that without the appropriate context defined in terms of those conditions intervention is off the table. however, where does this leave the regime? -- administration. you will excuse the confusion. and we refer to democracies as administrations. a slip of the tongue. it leaves the administration in the position of continuing to argue the same kind of economic and political pressures that have failed to produce an effect on the strategic calculus define that the casualty that we should stick with into the foreseeable future. this, i am afraid to say, is not the position that i think any administratio

what they got confused was that i was for a plan that phil gramm that said if a employer provided health insurance, that they would have to offer a medical savings account that were now called health savings account program. and they simply got it wrong. i don't think you'll find anywhere else i advocated. in 1994 during the campaign, you'll find that i made the whole point that i was against government mandated health care. i ran against harris wofford, the author of hillary care. one reporter misunderstood what one bill was about. >> the romney campaign is clearly worried about you and put in a conference call today including the minnesota governor tim pawlenty trying to peel away your tea party support by raising your support of earmarks in congress. governor pawlenty said id "the he wants minnesota conservatives to believe he's as conservative as they are but he's not." you responded. let's listen. >> i understand that governor romney is having a little fun time attacking me on earmarks. and i just want to say that for the record, as you know, governor romney was an advocate of earma

this is what inspired her bread remember 'oh beautiful for spacious skies, for amber waves of gramm'sfour purple mountains' majesty -- she saw that here. you are fortunate to have such beauty all around you. [applause] another verse -- she said, "oh -- forul for europe's heroes proved and strife.. do we have and the veterans in the run? raise your hand. [applause] thank you. thank you. thank you. thank you for your service. thank you. the beauty of america is not just sell land. the beauty of america is the people. there is one more versa want to mention -- oh beautiful for patriot and dream that sees beyond the years. the idea is that people who founded this country, the founding fathers, drafted concepts that were not just for their time, were not temporary, but were endorsing. what makes us the nation we are is not just our dna. we have the same dna as the other human beings on the planet. what makes this the richest nation and the world and the most powerful and the shining city on the hill, the exceptional land is the values, the principles that are -- or part of our founding doc

julia, before you go, that chipotle ad that apparently aired last night during the gramm grammys, here'sfor people wlo missed it, like me. ♪ >> got a lot of buzz on twitter. kind of looks like a zynga game to me. what was your reaction? >> well, it got a huge buzz on twitter. some people love it. some people hate it. some people are trying to figure out what the message was. i think it was visually arresting. and the fact that it got people talking really means that it worked. that old adage all publicity is good publicity. then this did the trick. a two-minute long ad. this is chipotle distancing itself from mcdonald's, which it was spunoff of. this is saying we're not another ordinary fast food chain. we're really about -- >> julia. >> like free range animals. >> julia, when i saw it, i knew one thing, those pigs were going to die. >> but they had a good life before they died, herb. >> of course they did. >> they're in a better place. they're in a better place now, my stomach. >> and they were yummy. thank you, julia. >> i have to say, brian, i don't know where you've been for the past

strongly encourages women to view and listen to the ultrasound and forces women to take the son know gramm, this is some extreme stuff in 2012. >> yeah, and the only purpose of it is to humiliate. now the pennsylvania version is, in fact, state-sponsored rape. the fbi defines rain as penetration, however slight, nonconsensually, without consent. a woman who doesn't consent to it has just been raped by a state law that requires the doctor to perform this transvaginal procedure. it is completely outrageous. you know, down in alabama, they have -- they introduced a law like this but the individual who introduce it had suddenly said, well, i will take the transvaginal part of it out and give the woman the choice, he actually used that word, the choice,s as to whether this mandatory procedure should be ex-terp a.m. or internal. that's not a choice. it is humiliation of women and it is absolutely outrageous whether it's internal or external. >> the politics of this snow what is baffling if they are trying to win because when you look at 2008, president obama, then-candidate obama, receives 56% o

growth on the entitlement or mandatory side of the spending in response to your question from senator gramm is the mandatory for the system but you gave the simple answer colin no. i will tell you to be honest, having just engaged in the budget committee of the president's budget that was submitted yesterday it not only adds another 11 or $12 trillion to our debt taking it up to over $25 trillion but it takes a pass on any tough decisions that have to be made on the biggest part of the budget and the fastest-growing part of the budget and that is the entitlement side to beat actually grows under the numbers from 64% of the total budget now this would be medicare, medicaid, social security on the debt to gross from 64% now to the largest part of the budget to 78% during the window of the president's budget, and get there is no mention of social security, no reforms, and on medicare, the only reform i can see on the beneficiary side happens after the next term of whoever is president and that is on a slight means testing changes, so my concern is what you have outlined today, and i quote you

maybe what senator gramm is saying is he represents a party that says even the you continue the tax cuts the taxes go up. i do not think that is where the public is. if that is the issue then we will vote on it. we as the republican party say there are two things we have to do. we have to cut spending or spend more on afghanistan. we have to do more to prepare for a war with the soviet union. again, we are going to be voting on that. we are about to pass a bill and they are going to help us pass a bill that will continue the and the plymouth benefits for a while, so i think that is much too bleak a prediction but also, it depends on a few things. there is a myth that the voters -- it is just big money. look what happened. i am more supportive. that was defeated by the voters, by people who were told, i think someone in an exaggerated way that this legislature was going to threaten them. and they killed it. so i think senator lindsey graham is much too pessimistic. the other thing it may not go until january. we will see what happens in the november elections. the republicans voted to imp

>> you beat senator gramm to the punch line. honestly i want to clear up some things. first of all i didn't council israel not to attack. we had a conversation with them about time, the issue of time canada will require a much larger conversation but on the issue of irrationality, look, i agree that iran is a regime that is dangerously misguided and look at its decatur it protects itself and lowercase its neighbors and interferes it threatens its neighbors and disregards its own citizens so none of that is acceptable to us. our way of thinking and our way of the rationale it does fit the pattern of thinking in a 30 year history of conduct so my view of this is we can't afford to underestimate our potential adversaries by writing them off as irrational. that is kind of the position of the phrase, and i personally don't mistake iran's rhetoric for a lack of reason. i think the issue here for us all is we have to decide what global pressure including the use of force if and when necessary can turn that regime away from its nuclear ambitions, its nuclear weapons and vision

. >> senator gramm to expand thank you mr. chairman. there is much being said about a fair share people need to pay their fair share when it comes to taxes. what is the fair share? can you put a number on it? >> i think rather than putting in number on it let's look at the in critical data. >> my question is let's put in number on it. >> i think the number that the president has in the budget -- and again, the president prefers to do the tax reform. the tax reform takes time, so having the bush tax cuts x higher -- >> the president prefers to do something that is -- why doesn't the president lead? you have people on this committee that have led, and the of their brains beat of and i admire them all on the gang of six. i don't buy the idea the president can't lead. why didn't the president have a reform? >> the president has specific proposals to answer your question in which we to could operate from the 35% back to 35% which was the level that existed the 1990's. >> should be higher than 39.6? >> i think that the 1.5 trillion which was

senator gramm, a democrat, put together an florida legislation that of all things requires the six toe taught, starting in first grade and we were in the essex literacy we forced the states who were going to have the full year in seventh grade and it has a bible you in ten years or so for a bill will be in the top five of six understandings and we know whether states john lamborn because how can you make intelligent decisions of what is going on a 40% of the people in your state don't know the bridges of government or the separation of powers or 73% of the fourth graders on the test can't pick the constitution all of these documents? anyway, that is the whole the real for me. when i work with kids and teachers and given an opportunity to look at this government which will hold its false is the greatest government had on the face of your petraeus mekouar with your book used in the next education? it talks about political rules of the road for potential candidates. speed it takes basic issues. edmund burke, do you represent your district or do what you want to do? there are many issues

gramm and mr. royce have joined us today. they're not members of the subcommittee.bers of the full committee. i ask unanimous consent that the members of the financial services that the non-members can join us today. so good morning. this is our second hearing on the collapse of mf global. the purposes of these hearings is really to try to find out exactly what happened, why a very old company ended up in bankruptcy. creditors and shareholders and, unfortunately, customers lost money. we may have additional hearings. we continue this investigation. one of the things we hope to accomplish from these series of hearings and from the investigation that we have been conducting is to publish a report to give a time line and some findings of how these customers lost their money, how a company that was allowed to kind of slip through the regulatory groups with them not being knowledgeable about some of the problems going on there, we will here from some people today who were inside the organization. we will hear today from people who were outside of the organization, rating

and also, in 1999, republican senator phil gramm of texas got these people in trouble in the first place. host: the caller brings up the fact federal money helped freddiefannie mae and mac and should make it easier for everybody involved. guest: the caller makes a great point. we're talking about refinancing, mostly talking about people who are current on their current loans, paying high rates. now, what we do if we refinance them at lower rates, the prevailing rates? well, you put money in their pocket. at first of all, they go out and spend it. that would be very good for the economy. it would be like a little stimulus plan. that would create jobs, and also probably helped the housing market. because people would be less likely to foreclose. if they don't default on their lawns and face foreclosure. if they are less likely to default, that would help fannie mae and freddie mac because they are the insurers, they are the guarantors of the mortgages. they are on the hook, ultimately. in fact, it would be better for them to push refinancing, which is one of the ironies of the story is tha

when phil gramm took that firewall down, that's when we began to have our problems with the banking systeme enacted glass-steagall again, that would at least help solve some of the banking problems. it is not all just corruption. these are deliberate attempts by certain individuals to make the rich richer and the poor poorer. that is not class warfare. that's an actual fact. host: go ahead, gideon rose. guest: there's a certain amount of truth to that. i'm not the world's greatest expert on financial reforms and which should be done and how much glass-steagall's loss contributed to the policies. i am not entirely sure. it is certainly true that we need policies directed towards the overall economy. let's just say that the democrats bear their share of the blame, as well. there are very kind -- there are various entitlements that are very costly. long-term debt is an issue for economic competitiveness, as well to and what we really need is to make sure or finding a way of making sure that government policy is not captured by various types of special interests, or really sub-national interes

lindsey gramm was really did not show up in january. you may have won the republican nomination. [laughter] [translating to chinese] formality is still my forte. [laughter] [translating to chinese] >> this is a great start. i hope we can match the extraordinary hospitality that the vice president has shown me in my four day visit to china last. >> [translating to chinese] >> the highlight of that treats was the time spent in conversation together. i look forward to continuing the conversations we started over the next four days you are here. [translating to chinese] >> >> the vice president has already participated in three meetings. we have a very ambitious agenda in the coming days as well. [translating to chinese] i have discussed the united states and china have much to do together. our relationship was literally going to help shape the 20 per century. [translating to chinese] >> we are not only the world's two largest economies, we are both powers. every day our nations and the livelihood of our citizens grow more connected. [translating to chinese] >> the present and i came

black mailable because they are in their closet about the sexual orientation like senator lindsey grammam wondering how many people in congress are compromise that way come and have you ever been invited to go to the bohemian grove? guest: i have never been invited to the bohemian grove. as i understand, it is a group of wealthy, powerful people in california, and i don't knopw w more than that. i have no comment to make about any individual and have no knowledge of any individual. there are obviously some gay men and lesbians in the congress that had not made that public. i would say this, when you look at those in politics that have responded come increasingly if you are a democrat, and i think this is pretty much the case, if you are a democrat is have in politics the past couple of decades, you pay no penalty for being honest about your sexuality. there were four o are four of us serving right now. the problem is on the republican side. the republican party iss the problem. the gay and lesbian population is under represented there. the way it works out is there are republicans who p

there is an op-ed in the "wall street journal" this morning by phil gramm and mike salon that if we hadowed the same policies as reagan, that we would have about 17 million more americans working today and that our gdp per family would be about $23,000 higher. so the basic question, we recognize the constitution says the government has certainly basic responsibilities. we have to provide for national security. some people feel like we need to provide for basic research funding. but then everything else is really sort of on the table. so my question is fairly simple. i'd like you to give me the an bridged reader's digest response if you can, who is the better allocator of capital to the greater public good? is it the private sector or the federal government? >> well, as i was saying earlier, there are some areas where the federal government is really the only provider. it's very hard to get the private sector to provide just -- but for innovative industries and those sorts of things, i think it's agreed that the private sector is better and china is an example of a country which has a co

gather every single thing that you have ever said in a chat room, posted on flicker, put on the instead grammphotos sharing sites. but they are not -- they are very careful about this report what information they provide to employers. they only provide information that is allowed under the law to be considered in hiring decisions. >> so if you go in and putting your name you will see your telephone number and then make an estimate how good your credit is. if people pay a little more a month, they can get things you posted on the social networks and elsewhere and they make no pretense of following the credit reporting law. you've got everything wrong about me and you can think about it if they say her credit is bad and good and i might get a loan, the in fact would ban on their ads that say researchers, don't you want to see what is on all of the dating and other sites they say they go on to this side of who to hire and credit cards to offer people, and when an individual says this violates the credit reporting act because usually if you make the credit assessment about someone you have to tel