jim bunting and jack reid in 2006 had hearings on the residential mortgage issue.i 90 hearings in 2007 or in formal meetings. even after bear stearns fails on st. patrick's day weekend in march of '08 t wasn't until the fall of '08 that you finally got action. and it was way overdue. had there been more aggressive action and i say this respectfully, of the secretary of the treasury in '07, an even '08 when the warning signs were there, this would have been a problem. but i think you could have put a tourniquet on it and it would never have been as big as problem. ben bernanke was knew to the job. each passing day got better and better at this and ultimately played a critical role. tim geithner was very, very valuable. neil was tremendous out of the treasury. rahm emmanuel at the white house was very, very important, very helpful to us as well. so there were very positive elements that made significant contributions. the tarp debate is an important conversation in the context 6 all of this. bob said something very accurate early on in this conversation. barney and c

live in richmond, a lease your reid, kron 4 news. >>pam: a jack in the box. his identity hasn't been released. police say he appeared to have been the victim of an assault. ice12 hours, three incidents, four victims. in oakland, four suspects. including one juvenile. have pleaded no contest to reduced charges in connection with the attempted murder of a c-h-p officer. police say the four car- jacked a vehicle in hayward. then joseph gonzalez started shooting at the chp officer in oakland when the officer tried to pull them over. officials are not releasing the juvenile's picture. police say 19-year old joseph gonzalez. who you see in the middle. shot at the c-h-p officer's car several times last july. the officer was not hit. joseph gonzalez will get 27 years in prison. his brother, anthony >>pam: police say there is no evidence of foul play. >>pam: gonzalez, will face significantly less prison time. as will the others, 19-year old sam-uela sina and the juvenile, 17-year old kenyon thomas. >>jacqueline: very minimal wet weather out there today. satellite rada

with all due respect, if the jack lou brought it up, mr. reid and everybody read about that in mr. wood ward's book. he brought up after; however, after days after sequester has a pots wassed was -- included in the cut, cap, and balance bill for which 229 republicans voted for as a policy. i want to tell the gentleman, just for his future information, on our side. we proposed the sequester. we want to see the sequester change. and mr. van hole less than not only offered budget but he offered four amendments. each time we consider the cr and other legislation four times he offered an amendment to substitute the same sievings to get budget deficit reduction which the gentleman spoke but would not do so in the irrational across the board fashion that sequester requires. so that i want to make it clear if there was any confusion on your side of the aisle, we're not for the sequester. i vote forked the cr to keep government open, but i voted against the cr when it left the house which had sequester in there. i frankly, shutting down government was worse than sequester. i think the seque

reid is one of the biggest bullies to ever serve in congress. i mean with his 30-year ties to organized crime -- >> michael: no. no. no. >> woe. woe. woe, dude. >> michael: jack you are often at odds with how i feel but you are never this unreasonable. the idea that harry reid is a bully. i wouldn't disagree with that. he is also the majority leader and has been there for quite and while and has earned that status. there is no written rule that ted cruz can't do what he is doing -- >> do you know the tactics reid uses in the senate. he has abused his powers as a majority leader more than any majority leader i can remember. thinking at least back 30, 35 years, i can't think of anyone in either party who has ever so abused his powers as harry reid. harry reid is the last person in the u.s. senate that has a right to do any name-calling let me tell you. >> michael: i could not disagree with you more. joe i want to ask you, though. when you look at cruz -- does it remind you -- i want you to hear this. this is cruz talking about harvard university. obama went to harvard. this is what he said in the speech. there was one republican . . . do you see that there's so

with all due respect it's the jack lew brought it up, mr. reid, everybody's read about that. he brought it up, after, however, and the gentleman probably recalls this, after, days after sequester as a policy was included in the cut, cap, and balance bill for which 229 republicans voted for as a policy. i want to tell the gentleman just for his future information, on our side we oppose the sequester. we want to see the sequester change. mr. van hollen not only offered a budget but he offered four amendments. each time we consider the c.r., and other legislation, four times he offered an amendment to substitute the same savings so we could get those bruckses to which the gentleman spoke, but would not do so in the irrational, across-the-board fashion that sequester requires. so that i want to make it clear if there was any confusion on your side of the aisle, we are not for the sequester. i voted for the c.r. to keep the government opened, but i voted against the c.r. when it let this house, which had sequester, in there. i frankly thought shutting down government was even wors

reid. >>steve: he's going to have jack lew fix it. >>gretchen: brad pitt speaking out after his fiancee revealed she had a preventive double mastectomy for the sake of their children. >> good. brad pitt breaking his silence about his longtime partner's decision to have that double mastectomy. he praised the love of his life saying -- quote -- "all i want is for her to have a long and healthy life with myself and our children. this is a happy day for our family." having witnessed this decision, absolutely heroic. angelina jolie underwent the radical procedure after learning she carried the brca-1 gene mutation. as a result of the surgery, jolie's chances of developing breast cancer dropped from 87% to less than 5%. her mom died of ovarian cancer at the age of 66. meantime pit's show of support for his fiancee came as hospitals around the country saying they are being bombarded from calls from women who now want to be tested for the brca-1 gene. the silver lining there. sources are saying the ordeal is making jolie reconsider any decisi

jack lu today, he called for the resignation of acting i.r.s. commissioner steven miller. the senate's democratic majority leader harry reid also spoke out. >> the alleged actions of i.r.s. employees in the cincinatti field office would be a terrible breach of the public's trust. whether investigating conservative groups or liberal groups, they should not be involved in this. targeting any group based on its political stance is completely inappropriate. >> woodruff: the chair of the senate finance committee, montana democrat max baucus, has said his panel will look into the matter. and two republican committee chairs in the house also have vowed to investigate. late today the house ways and means committee announced it will hold a hearing this friday. to help us understand the tax law, and what the groups are charging, we are joined by duke university law school professor richard schmalbeck. he's a former tax attorney. and former i.r.s. attorney jay sekulow. as chief counsel at the american center for the law and justice, he is representing tea party organizations. he also hosts a conservative talk radio program. gentlemen