and this puts the onus on mary jo white to move the ball forward.earings in the senate in the last three weeks tells you congress does have an issue here but the main interest is lighting a fire under the sec. >> thank you very much, peter cook, on the hill for the testimony on high-frequency trading and equity market structure. >> for more on this, let's bring in a one-time financial regulator who served as a commissioner at the commodities future trading commission. he steps down in march and now he may be on the dark side, we are talking dark pools. he's a senior policy advisor at dla piper bart. you taking a are different stance now that you are sitting on a different side of the aisle? >> no, that is one of the nice things -- i'm able to keep my integrity in my new job but i am really enjoying it. whati have been saying is i have been saying for five years as a regulator. high-frequency trading is something we need to deal with, but we need to deal with it in a balanced way. we want smart regulation and to ensure investor confidence is increase

i thought it was interesting that she went from -- to mary jo, and mary jo was the woman who was killed in the car accident as a passenger with ted kennedy. she did not really get justice, things like that. i thought it was interesting she went to the weathermen and drew a direct correlation to popular culture and things that were in the news at that time. >> that was awesome. thank you. great. wonderful. nothing like starting with the weatherman to get peoples's attention. starting far outside. good. who else has evidence of the hurt and betrayal? mr. downey? >> [indiscernible] the specific one i picked out was -- the liberal coercive masks worn by real nice guys we all know and like tom are right? sort of defining himself as helping women, but really putting more pressure on them. >> yeah, it is the guys we know and love, right? that is what she starts her document with, exactly. the liberal co-optive masks on the face of sexist hate and fear, worn by real nice guys we all know went like -- know and like. in that sense of betrayal is the sense these are men she has known better than a

. >> mary jo mckenzy has chosen to stay at her beach front home, going ahead with a family party over the weekend. >> besides the storm shaking the house, there will be some people shaking the house. >> reporter: what does that feel like when your house is shaking like that? >> it will be loud. you'll hear a roar, it will be roaring. >> reporter: officials warned everyone to stay out of the >> reporter: there is a fear arthur may be similar to hurricane irene three years ago. that hurricane made landfall on the outer banks as a category 1 storm, killing seven people in north carolina and causing more than a billion dollars in damage. the national weather service says a storm surge of 3 to 5 feet of water at high tide could cause flooding in areas from surf city, north carolina, all the way to the virginia border. and margaret, officials here also say those who stay should stock up on enough provisions to last for at least 72 hours after the storm rolls out. >> brennan: craig, stay safe, thank you. second of august doesn't have the ring as the fourth of july. but with the storm coming,

. >> mary jo mckenzy has chosen to stay at her beach front home, going aahead with a family party over the weekend. >> besides the storm shaking the house there will be some people shaking the house. >> reporter: what does that feel like when your house is shaking like that? >> it will be loud. you'll hear a roar, it will be roaring. >> reporter: officials warned everyone to stay out of the ocean during the storm fearing dangerous rip currents. north carolina governor path mccrory had some simple advice. >> i just want to also say to everyone stay safe. i've mentioned this before, to citizens, don't put your stupid hat on. >> reporter: there is a fear arthur may be similar to hurricane irene three years ago. that hurricane made landfall on the outer banks as a category 1 storm killing 7 people in north carolina and causing more than a billion dollars in damage. the national weather service says a storm surge of 3 to 5 feet of water at high tide could cause flooding in areas from surf city north carolina all the way to the virginia border. >> and margaret officials here also say those w

democrat of ohio if he has confidence mary jo white is a to the task and here is his answer.ith the fcc.l i was the only one who voted against the confirmation. not personal and not in any way other than thomas i think there has been too much wall street influence good i am generally satisfied so far. she have to show if she is aggressive on this. the jury is still out. >> brown and other lawmakers does not act, sec they will get into the game on their own. >> peter cook on capitol hill, thank you. argentina fights back. their government says it has complied with debt obligations so the bank of new york is violating contracts with trustees. latestined now with the on a copy of the legal notice. with thefter a meeting point negotiator. what happened? before i ask you, we should mention, there are advertisements and then there are advertisements. >> sure. these are two ages in the new york times and the washington post today. you can see basically what they , they are completely saying we are not responsible at this point. distributed, they a judge over a week ago had said they

number of concerns that have been outlined about high frequency trading, and i believe it was in june mary jo white, the chair of the s.e.c., gave a very important and very detailed discussion of high frequency trading outlining where she saw problems and whan potential solutions might be to those problems. >> the quantitative easing. do you believe unintended consequences of qe 1, 2 and 3 may be with all the bond buying that it's forcing people into the stock markets, creating this bubble? >> well, i think an environment of low interest rates in general, which have been promoted by our, both our keeping the federal funds rate at zero and additionally by our purchases, low rates do have an incentive to push individuals to look for -- look for yield, to reach for yield, and that is both a good thing and a bad thing. on the one hand, we need healthy risk taking in order to spur a recovery. and low interest rates, i think, have had a positive effect on helping the recovery, but, of course, we have to be careful about looking for situations where low rates may be incensing behavior that can be da

mary jo white will take a look and the public will take a look at what they come up with with regardformulating and restructuring what has become a fragmented equities market in the united states and worldwide. the new yorkthink discussionseral's and actions against a firm like barclays has had a huge impact in terms of raising awareness on what can happen? i know their values are down almost 60% in terms of their trading. >> there are a lot of these things, as you know. not as many in the futures world. they are primarily in equities and securities. occurring volume is there. a lot of trading volume of hurting -- occurring there. the question regulators will look at and even maybe capitol balance what is the between transparency and insuring people do not get they win a trade and put a bid or an offer out there. that is why the restructuring by the fcc and other regulators is so important. i hope industry plays a role and consumers flay a role in the public comment time. for me is,nt thing all too often, leading up to 2008, regulators were asleep on the switch. some on wall street t

number of concerns that have been outlined about high frequency trading, and i believe it was in june mary jo white, the chair of the s.e.c. gave a very important and very detailed discussion of high frequency trading, outlining where she saw problems and what potential solutions might be to those problems. >> the quantitative easing, do you believe the unintended consequences of qe-1, 2 and 3 with all the bond buying, that it's forcing people into the stock markets creating this bubble? >> i think an environment of low interest rates in general, which have been promoted by our, both our keeping the federal funds rate at zero and additional by our purchases, low rates do have an incentive to push individuals to look for yield, to reach for yield. that is both a good thing and a bad thing. on the one hand, we need healthy risk taking in order to spur a recovery. and low interest rates, i think, have had a positive effect on helping the recovery, but of course we have to be careful about looking for situations where low rates may be incenting behavior that can be dangerous to financial stabilit

number of concerns that have been outlined about high frequency trading, and i believe it was in june mary jo white, the chair of the s.e.c. gave a very important and very detailed discussion of high frequency trading, outlining where she saw problems and what potential solutions might be to those problems. >> the quantitative easing, do you believe the unintended consequences of qe-1, 2 and 3 with all the bond buying, that it's forcing people into the stock markets creating this bubble? >> i think an environment of low interest rates in general, which have been promoted by our, both our keeping the federal funds rate at zero and additional by our purchases, low rates do have an incentive to push individuals to look for yield, to reach for yield. that is both a good thing and a bad thing. on the one hand, we need healthy risk taking in order to spur a recovery. and low interest rates, i think, have had a positive effect on helping the recovery, but of course we have to be careful about looking for situations where low rates may be incenting behavior that can be dangerous to financial stabilit

number of concerns that have been outlined about high frequency trading, and i believe it was in june mary jo white, the chair of the s.e.c. gave a very important and very detailed discussion of high frequency trading, outlining where she saw problems and what potential solutions might be to those problems. >> the quantitative easing, do you believe the unintended consequences of qe-1, 2 and 3 with all the bond buying, that it's forcing people into the stock markets creating this bubble? >> i think an environment of low interest rates in general, which have been promoted by our, both our keeping the federal funds rate at zero and additional by our purchases, low rates do have an incentive to push individuals to look for yield, to reach for yield. that is both a good thing and a bad thing. on the one hand, we need healthy risk taking in order to spur a recovery. and low interest rates, i think, have had a positive effect on helping the recovery, but of course we have to be careful about looking for situations where low rates may be incenting behavior that can be dangerous to financial stabilit

number of concerns that have been outlined about high frequency trading, and i believe it was in june mary jo white, the chair of the s.e.c. gave a very important and very detailed discussion of high frequency trading,