senator -- former senator judd gregg joins me along with our guest. at will this mean, a transferred to another platform? mr. gregg: the second point is correct. trading houses are trading houses. no one has stopped doing business, by the way because of pressure from the fed. it does not mean the commodity trading those away. it just goes into a shadow trading business somewhere which becomes less regulated, less visible to the public, less visible to people who know what is going on. does it affect the ability of the banking system? no i don't think so. these commodity trading houses were very effective. they knew what they were doing. some may have gone bad. carl: i would argue a contrary opinion. if the fed is responsible for mopping up in mass, they should have some ability to prevent having to go in. alix: fair point. mr. gregg: that's legitimate if the fed do that. the fed did not step in and mop up commodity trading failures -- carl: they do have a responsibility for the solvency of these banks. mr. gregg: that's absolutely true. i agree that th

i will get reaction from former senator judd gregg.for an infusion but will essence hold up its side of the bargain? "street smart"

what can you say about judd gregg? what can you say about i am honored with the fact that he would come here this morning. these are my comrades in arms. these were people who made the congress work and helped to make america work, so would you give them a round of applause. they are my friends. [applause] this is my first time back in new hampshire. bruce burkey said it was 16 years when i was here last, and i have to tell you that when i was here 16 years ago, one of the most profound times was that i did these coffees. i was a young man, really young, a member of the house, i figure the way i could get known was to show up in people's living rooms and let them talk to me and asked me questions and get to know me and all that kind of stuff, so we have this one coffee towards the end of the campaign. i was in a kitchen with this lady. i did not know her really. we were standing at the sink and we were just going on and on about this and that, and i'm thinking to myself, this lady is absolutely going to be for me if i

and i also decided to see if judd gregg who was the republican number-one person on numbers, to go. and these two good men sat together that whole trip hour after hour. they had their yellow tablets. they were doing what they love to do: play around with numbers. and when the trip was ended they had an idea. they were both experienced legislators, and they had been here when we did something that hadn't been done before. we had military bases in america going back to world war 1 that should have been closed, but we couldn't do it because of the politics of the senate. but we decided long ago to try something different. we appointed a commission, and they would report back to the senate and the house and they would make a decision as to which bases should be closed. no filibuster, no tricky procedural rules. yes or no on what they recommended. and we did two rounds of base closings and we closed scores of bases saving the country billions of dollars. so what conrad and judd decided to do, let's do the same thing with this deficit that we have. so they drafted legislation based on the

. -- about judd gregg. he has not been to one of these for a long time. i am honored with the fact that he would come here this morning. these are my friends and comrades in arms, people -- for the young people in this room, these were people who made the congress work and helped to make america work, so would you give them a round of applause. they are my friends. [applause] this is my first time back in new hampshire. bruce burkey said it was 16 years when i was here last, and i have to take you that when i was here 16 years ago, one of the most profound times was that i did these coffees. i was a young man, really young, a member of the house, i figure the way i could get known was to show up in people's living rooms and let them talk to me and asked me questions and get to know me and all that kind of stuff, so we have this one coffee towards the end of the campaign. i was in a kitchen with this lady. i did not know her really. we were standing at the sink and we were just going on and on about this and that, and i'm thinking to myself, this lady is a