we are back with dan henninger, kim strassle and editor james freeman joins us. so let's ask that fundamental question, which i guess is the main issue here, five years later, are we safer from another meltdown? >> we wish. we'd like to say that we are. but absent a few minor reforms, we are missing the role of credit ratings, maybe we'll see some reduction in the amount of debt banks can take on. basically what we've had is a codification of the 28 bailouts of wall street. now firms are officially, systemically important and implicit, too big to fail label. >> but wait, now, there has been more capital standards have been raised. banks have to keep more capital, which is a buffer between them and trouble. i think that's an improvement, isn't it? >> well, we'll see. that's not entirely clear how that finishes up. but i think that assumes that regulators know the right amount of capital and they've set the right rules on what counts is in terms of the risk of certain assets, a lot of variables there. what is really amazing is if you think of the outrage back in 20

panel this week, "wall street journal" columnist and deputy editor dan eninger, bret stevens, james freeman and washington columnist kim strouset. you said the congress should approve force. >> barack obama does not make it easy to convey this point of view. >> why? >> he's done such a poor job defending his own position and institution of the presidency. this is not merely about a country called syria or about a president named barack obama. it's about the institution of the presidency which is committed to the united states in this region. it's about the fact the world is not a static place. it is volatile. it always volatile. if the united states, congress, its legislature is seen handing the president of the united states a defeat on this, pulling him back out of the world into washington, then places like the korean peninsula, the south china sea which is being disputed by china and japan or even iran, the idea of nuclear proliferation there, all these things will start to be enhanced. i think that is the risk we are running by defeating this resolution. >> james, 40 months to go on th

here with the inside scoop, james freeman. this is -- i mean, i don't want to laugh at that.u have your ceo go on a conference call and say, historically we have seen the american anomalies in the calendar of veteran brides use their wedding days. we believe that the number 13, the whole year is causing a small but meaningful number of brides to avoid getting married. when a woman wants to get married they're not going to lock the whole year. this year. this entire year is gone. >> not inspiring a lot of confidence. you think this guy is making excuses. they lowered guidance going forward. you find out that it's pretty much the same number of marriages this year as 2012. in new york is even going a little. this is not something that makes you want to run out. melissa: i could see not wanting to get married today on friday the third -- friday the 13th unless you're brave. and the people who wanted to get married on seven / seven / 11. to say you will skips the entire year promote what was the response? online, it's sort of let out. >> and it is not -- the excuse obviously

i want to bring in jonathan hoenig from capitalist pig management and james freeman from "the wall streetrnal." wow. you jonathan you heard that start with you. almost no one knew what we were talking about. >> yes. melissa: that one guy at the end got it, which i was really impressed. one guy originally you didn't see from beginning of the show was thinking of quantum mechanics or quantum physics trying to tie itnto something else. does this concern you at all? >> well, you know we've had government intervention. that is really what quantitative easing is, melissa. melissa: yeah. >> it is government manipulation of the economy of interest rates. we've had it so long in this country back to the earliest part of the 20th century, most people assume that it does go on and go on all the time even if they're not particularly aware of this exact initiative from the fed. what they don't know however, since the fed was created, dollar lost roughly 95% of the its value. they should be aware of that, especially days like today when you see the fed announcing they will keep going with that quantita

hear to way in with which companies they would run and which they would run from, james freeman fromtreet journal", brian sasi, and scott martin from united advisors. gentlemen, thanks for joining us. this is my basic premise. some companies that are such a disaster even if they offer you a fortune to run it, if you can't turn it around you really tarnish your reputation. they say there is nowhere to go but up in some of these companies, like jcpenney but yeah there is, you could go down further. scott, you pick one you would run from the very company i mentioned, jcpenney. how come? >> it is funny and not only ruin your reputation but waste time, wasting time on a bad company because i think that is what jcpenney is. i don't even think they would tell you, or they could tell you who their target audience is. certainly i think the general public does not know. therefore they don't go in the stores. secondly the brand itself just doesn't have any loyalty. it's a very tough business being in retail. we've seen that from this year. a lot of companies out there are struggling to sell to

james freeman is with the "wall street journal." our very own charlie gasparino. charlie, i want to start with you because you're always the man in the know. what is it your hearing about this? >> it's a humbling experience for jamie dimon. he had to two down to the justice department, middle east and basically kiss the ring ever eric holder today. he had to do it with his general counsel steve cutler. he brought a guy, raj cohen. kind of an interesting guy. was, works with sullivan cromwell. involved in the bear stearns deal which is ironic because bear stearns is one. reasons they're paying for this. remember this is some of legacy stuff, legacy mortgage problems occurred at bear stearns. this is a very humbling experience for jamie dimon. he was prodded by his board essentially to end this. get some sort of a global setment on the mortgage issue. i think that is why he is doing it now and that's why he is paying it up. melissa: it would be worth it if it were all over. >> you're right about that. melissa: in theory it is suppose to include justice, federal hous

here to explain, james freeman from the "wall street journal" editorial board.are doctors opting out or dropping out in states? >> you showed that survey of patients and doctors and when you survey them, they say medicine is not what they signed up for. many of them say they're considering leaving and it's a situation where you basically -- obamacare is coming on top of a lot of other problems that have encouraged them to look elsewhere. heavy liability costs, six figures a year just to insure yourself against lawsuits. the lawyers often make more than the doctors that they're suing. it's been a tough pile of paperwork they've had to deal with and now obamacare adds still more. >> elisabeth: looking at a shortage, 54% of people want to go back to the system in 2009. but take a look at this. we have the number of primary care physicians in nevada, texas, idaho, utah, mississippi, these are the lowest number of physicians in the states. what's going on here? can they not keep pace? >> we're not creating that many doctors relative to an aging population, more deman

. >> that's tim robbins along with morgan freeman and james whitmore in the 1994 film "the shawshank a disturning story of life behind bars. now robbins is working behind bars again, not as an actor, but as a mentor. serena altschul joins him for some questions and answers. >> a state of happiness. allow it in. >> this is an acting class. >> urgency, urgency. get away from it, whatever it is. >> but not just any acting class. >> now a state of anger. >> the inmates at this medium-security prison in orco, california, are serving time for crimes ranging from possession of marijuana to murder. >> i want you to point to the part of your body where the state of happiness exists the most. okay? okay. one of their coaches, academy award-winning actor tim robbins. >> it creates this place, particularly important in prison, where people can step outside of what's expected of them and try to explore new emotions, create new realities, create new truths for themselves share this emotion with everybody in the room. >> the project, now in its seventh year, is funded by the actors' gang. >> i'm mo

so it was like, morgan freeman is there, bunch of -- and james blake and michael jordan is there at thist your party. it was a party and michael jordan, i see him. i never met michael jordan. right and he's standing there. he's next to you and you guys are talking, so i go up. and you say, "jimmy, do you know michael?" i go, "oh, hey, michael, how is it going?" and i went to give him a kiss on the cheek. [ light laughter ] i know, right? i don't know why. but he went to give me a kiss on the cheek, the other side. but we came together kissed on the lips. [ laughter ] it was the weirdest thing. and you stand there and he goes, "don't worry about it. just get out of here. just get out of here. don't worry about it. just get out of here." and i wanted to chug like 100 beers after that. [ laughter ] i was so embarrassed. that was the only time that michael jordan was -- [ talking over each other ] >> and you got married shortly there ever. >> jimmy: i did, yeah. [ laughter ] i got my stuff together, absolutely. well, you've -- with "snl," would you ever host "saturday night live" again? beca