i got a call from pamela, this is the fourth invitation you've gotten from governor harriman to comeow that was a big deal. i really didn't, honest to god i didn't. he said, joe, you've got to go. you've got to go. it just doesn't look -- i'll go with you. i'll never forget going into his home in georgetown and sitting and he was sitting in a armchair -- excuse me, a winged chair and i was on a couch next to the chair nearest edward and teddy next to me and henry kissinger was across from me and paul warrenky, both arms control experts and i was this 30-year-old kid and harriman had a way of including everyone in the conversation. they were talking about a complicated arms control agreement, and this discussion was going on and all of a sudden harriman looked at me and said, joe, what do the young people think about this? [laughter] >> i didn't know what the hell to say, john. i was squared to death. i didn't want to make a fool of me. here i was a united states senator. so i reached over and picked an object up off the coffee table. and i was nervous and i was flipping it back and f

rcle of powerful capitalist and harriman said that is not true. so he decided to convince khrushchev this was not true when biting him to me to a bunch of rich american capitalists and it was funny because they're all start telling khrushchev we have no power. what we say does not go. if we ask for something congress immediately boats against it which was pure baloney. and your father recognize that and said to them my gue that means i am talking to the poor relations of america? they all laughed. the funny thing to me is they thought i guess sincerely they did not have much power and the capitalists were not lobbyior greater armaments whh khrushchev believed but when they came out with a disarmament plan, the stock mark plunge particularly thatompanies that created armaments which seem to prove his point*. than one year later when eisenhower was leaving the white house, he made his famous speech on tv about the military industrial complex and how it was unprecedented in american life and how this coination of generals and military contractors had

, he h said your father had said that america was run by amall circle of powerful capitalist and harriman said that is not true. so he decided for some reason tried to convince khrushchev this is not true to invite him to meet rich american and capitalist iis bunny because they all started to tell khrushchev we have no power. at we say does noto. if we ask for something that congress immediately boats against it which of course, was pure balon. you're father recognize that and said, i guess that means i am talking to theoor relations of america and they laughed part of a funny thing to be, was that i guess they sincerely thought they did not have much power and the capilist were not lobbying for greater armaments which khrushchev believe but the day khrushchev camout with a disarmament plan, the stock market plunge particularly the companies that created armames which seem to prove to 5.. than one year later when eisenhower was leaving the white house, hee his famous speech on tv about the military industrial complex and how was unprecedented in american life and how this company shoul o

quoting some brown brothers, harriman research. could be bullish on the yen versus a dollar. remember several years ago there was the u.s. homeland investment act, where domestic companies would repay foreign earnings at a better tax rate? the japanese have passed their own version of this. the japanese press is all over this thinking it could be something big and it might be a real boost for the yen. something to pay attention to early heads up. also early heads up, 28 billion seven-year options have been going pretty well. the story of the day and it's been somewhat the story lately, equities seem to find strength. but today they're giving up a little bigger. that's pushing yields and treasuries back down closer to unchanged levels. mark and melissa, back to you. >> all right, thanks so much. big moves in fannie mae and freddie mac. the stock one of the most clicked on cnbc.com. what's causing all the interest? joining us now to discuss joe, chief directive strategist with sink or swim. there are a couple of different theories we found on fannie mae and freddie mac. interes