i would be broken if i was hauled before congressman henry waxman. have you ever seen henry waxman? this guy looks like a combination of the original phantom of the opera with mortimer snared. waxman grill greenspan, got him to admit that all that self-interest stuff, all that virtue of celtuce the stuff of that individual self-interest, self regulation staff to and really work very well. and greenspan said, yeah, i guess it didn't work so well. he basically recanted. so when i met him i said, did you really recants? i mean, i kind of saw it on you to. he said to my no, not at all. you complete -- that is completely taken out of context. no, it's not. a year had passed. so i have my copy. my favorite ayn rand nonfiction book is capitalism, the unknown ideal which has two chapters written by alan greenspan, one of which is called gold and political freedom. i have a first edition copy of that. i brought it with me. i said, do you still stand by this? should i be asking you to sign this? ♪ every word. i stand by every word ayn rand ever said and every word i ever said. it has all stood

thank goodness for tom davis, a republican from virginia and henry waxman, democrat from california, will help these hearings, or they never would of been held accountable, including the owners who denied it, and the commission appeared the mark mcgwire had biceps' bigger than my thighs. would that give you pause just looking at that? >> i have no idea what your eyes look like. [laughter] one of the things -- one in -- i have no idea what your thighs look like. one of the things you do not do is lie in front of congress. i do not care if he was doing steroids or whatever else. >> is that not what the lewinsky scandal was all about? baseball is only a game. i would correct all of this in the record books, put asterisks on all the records and keep them out of the whole thing. >> last word. thank you. see you next week. >> for a transcript of this broadcast, log onto insidewashington.tv.

well, go to youtube because that is what he said to henry waxman. some of the lessons you can learn from atlas shrugged is if you don't want to end it being a broken man, how the little integrity. stick by your guns. now, one of the secrets of alice shura pop enduring popularity fade is also a profoundly. the. it's the best of times in the worst of times. the heroes in it are absolutely inspiring. you can read that book and not identify with characters like dagny taggert francisco takagi at and a very, very inspiring book and i am here to tell you that our world, as weak as it stands is absolutely populated by those kinds of heroes. like all heroes, some humans are tragic areas, like some of the heroes in atlas shrugged in fact. so let's look at some of the heroes. henry reardon come to steel tycoon who invented a revolutionary metal, had it taken away from him by the government was blackmailing him. ring any bells? how about bill gates, exactly, everything. college dropout, created a revolutionary type elegy to transform all of our lives, extended,

now run against henry waxman on thursday. >> welcome to california. [laughter] >> watching california commission has been, has been really really amazing for someone who focuses on insider congressional baseball. if only because of this really brave new world. it is the largest laboratory of reform in the country and redistricting right now, and redistricting california's like trying to partition a melting pot. you have given her hats the most complex redistricting job in america to a group of people who were selected in part by -- sending in their resume. and the result has been a 14 member citizen commission that is earned plenty of criticism from the outside for, for example, picking a mapping firm that republicans argued had ties before two democratic perspectives. but i give the commission and watching their meetings even if it is like watching paint dry, higher marks than most people would have guessed they would give them early on in the process because watching them work together as a group of 14 and very tedious, tedious meetings to come up w

now run against henry waxman on thursday. >> welcome to california. [laughter] >> watching california commission has been, has been really really amazing for someone who focuses on insider congressional baseball. if only because of this really brave new world. it is the largest laboratory of reform in the country and redistricting right now, and redistricting california's like trying to partition a melting pot. you have given her hats the most complex redistricting job in america to a group of people who were selected in part by -- sending in their resume. and the result has been a 14 member citizen commission that is earned plenty of criticism from the outside for, for example, picking a mapping firm that republicans argued had ties before two democratic perspectives. but i give the commission and watching their meetings even if it is like watching paint dry, higher marks than most people would have guessed they would give them early on in the process because watching them work together as a group of 14 and very tedious, tedious meetings to come up w

now run against henry waxman on thursday. >> welcome to california. [laughter] >> watching california commission has been, has been really really amazing for someone who focuses on insider congressional baseball. if only because of this really brave new world. it is the largest laboratory of reform in the country and redistricting right now, and redistricting california's like trying to partition a melting pot. you have given her hats the most complex redistricting job in america to a group of people who were selected in part by -- sending in their resume. and the result has been a 14 member citizen commission that is earned plenty of criticism from the outside for, for example, picking a mapping firm that republicans argued had ties before two democratic perspectives. but i give the commission and watching their meetings even if it is like watching paint dry, higher marks than most people would have guessed they would give them early on in the process because watching them work together as a group of 14 and very tedious, tedious meetings to come up w

so welcome to congress on tuesday, now run against henry waxman on wednesday. and welcome to california. [laughter] so watching california's commission has been -- has been really, really amazing for, you know, someone who focuses on insider congressional baseball. if only because this is really a brave new world. it's the largest laboratory of reform in the country in redistricting right now. and redistricting california is like trying to partition a melting pot. given perhaps the most perplex redistricting job in america to a group of people who were selected in part by lottery and in part by sending in their rÉsumes of how nonpolitical they were. and the result has been a, you know, 14-member citizen commission that has earned plenty of criticism from the outside for, example, picking a mapping firm that republicans argued had ties before to democratic-leaning perspectives. but i give the commission and watching their meetings, even if it is like paint dry, higher marks than most people would have guessed they would give them early on in the process. because

though i'll give credit, henry waxman and a few others did not agree to that because some people thinkes, it would -- it would hurt. >> harold ford jr., is there a time just logistically for a deal? or is there going to have to be a short term sfwhun. >> i hope there's time for a big deal. but it sounds like the time might be closing. leader, clyburn, good to see you. harold ford this morning. we're going back and forth. >> how are you. >> the likelihood of a shorter tell deal where you take some elements of the ideas, send some bowles, biden. the game of six. comrades' new deal. then you get something and come back and do a larger package. is some framework like that on the table? >> that was not on the table with us. but we did, in fact, harold, talk about what would happen if we could not get something done. but we'll all raise focus in those meetings on getting something done that will last through 2012. some stability in the markets. and have restored confidence among consumers. you exacerbate the problem as far as i'm concerned. we never focus on that at all. though it may be wha

but henry waxman introduced legislation that would do us some of the unintended consequences. i think we as a community to take another look at legislation and i know the commission would be willing. that's not true mr. adler? on behalf of ms. tenenbaum we have to look at that. but to go back to risk-based assessments coming out so we had before. what we have found is that why we regulate and that is because time and time again industry has shown that they are going to police themselves and that we need to do it. one of the issues is the industry-standard. read a press with the attorney general in illinois, where the crib standard went into a fax and i congratulate all of you on that. although i have to say i was disappointed to the press release that went out that we didn't give people enough time when of course we said earlier you wish it had to to affect the next day so that parents could be sure when we put our kids to bed or grandchildren that they're going to be safe. so let me ask you, mr. adler, do you consider the standard to be an example of a victory for the consume

very proud of the legislation, but henry waxman introduced legislation that would deal with some of the unintended consequences. i think maybe we as a committee ought to take another look at that legislation, and i know the commission would be willing, as i understand it. i think we ought to look at that. but let me just say, to go back to risk-based assessment, that is what we had before. i think that what we have found is that -- why we regulate, and that is because time and time again, industry has shown that they are going to police themselves. one of the issues is the industry standard, and we had a press conference with the attorney general in illinois on june 28 when the crib standard went into effect, and i congratulate all of you on that, although i have to say i was disappointed to see the press release that went out that we did not give people enough time when, you had said earlier that you wished it had gone into effect the next day, so that parents could be sure when we put our kids to bed or our grandchildren, that they are going to be safe. so let me ask you -- do you con