the fed to services committee -- chairman max baucus has indicated he wants to go through the dodd-frank bill. we also have the state bailout question and the larger question of whether states and municipalities are going to come to the federal government and ask for our tax dollars. i want to set the stage for that and understand the situation before that happens. secondly, we have the question of securitization. what does it do for small banks for accessing credit. there are questions about the credit rating agencies. these are things we can get into the meat of, the substance of, in an in-depth way. >> will you do the same on fannie mae and freddie mac? >> certainly. on the financial services committee, we will try to understand what is happening within the home ownership market place and understanding the cost and losses to the taxpayers from fannie mae and freddie mac and the legislative ethics. much of that will be dealt with with the financial services committee. we are going right into writing the legislation for that. i want to take some of these wider range issues like securiti

guest: for six months, there were bipartisan negotiations in the senate finance committee led by max baucus. that was a central democratic strategy, to try to bring these republicans on board. it became terry clear that the republican party was not going to support this legislation -- it became very clear that the republican party was not going to support this legislation. they went around the country saying obama was going to pull the plug on a grandmother. in my opinion, obama waited too long to try to push for a democratic-only bill because it was obvious that republicans were not going to go along with this. they wanted to be -- they wanted it to be obama's waterloo. if it just slows things down and stalls everything, i don't think it should be something that is a prioritized just for the sake bipartisanship is bipartisanship. host: share more of that message guest: i think i have a fairly nuanced view of the president. i think in terms of the report that i did for the book, i followed him for not prioritizing his supporters as much as he should've been. i followed him for what he did o

guest: for six months, there were bipartisan negotiations in the senate finance committee led by max baucus. that was a central democratic strategy, to try to bring these republicans on board. it became terry clear that the republican party was not going to support this legislation -- it became very clear that the republican party was not going to support this legislation. they went around the country saying obama was going to pull the plug on a grandmother. in my opinion, obama waited too long to try to push for a democratic-only bill because it was obvious that republicans were not going to go along with this. they wanted to be -- they wanted it to be obama's waterloo. if it just slows things down and stalls everything, i don't think it should be something that is a prioritized just for the sake bipartisanship is bipartisanship. host: share more of that message guest: i think i have a fairly nuanced view of the president. i think in terms of the report that i did for the book, i followed him for not prioritizing his supporters as much as he should've been. i followed him for what he did o

some of the other -- max baucus in montana, that is a cool stay. -- coal states. bob casey of pennsylvania, another call stay. meckler mccaskill, from missouri, nelson from nebraska. -- claire mccaskill from missouri, nelson from nebraska. it puts them in a difficult position with their constituents to be seen supporting something that is so -- that the talking points against it is that it potentially harms industry. hi there is a group in the senate, i think about 10 or 11 democrats, who will be in a tricky position on this. host: let's hear from new york state. a republican collar. caller: i want to explain to this little lady that the epa is putting our country out of business. it takes 20 to 30 years to get a permit. build a plant. the best thing that boehner could do right now is the star if you people and the epa out of business. -- starved you people and the epa out of business. if they did that, this country would come back to life. host: we will leave it there and our guest is a reporter with the national journal and not working with the epa in any way. g

guest: for six months, there were bipartisan negotiations in the senate finance committee led by max baucusal democratic strategy, to try to bring these republicans on board. it became terry clear that the republican party was not going to support this legislation -- it became very clear that the republican party was not going to support this legislation. they went around the country saying obama was going to pull the plug on a grandmother. in my opinion, obama waited too long to try to push for a democratic-only bill because it was obvious that republicans were not going to go along with this. they wanted to be -- they wanted it to be obama's waterloo. if it just slows things down and stalls everything, i don't think it should be something that is a prioritized just for the sake bipartisanship is bipartisanship. host: share more of that message guest: i think i have a fairly nuanced view of the president. i think in terms of the report that i did for the book, i followed him for not prioritizing his supporters as much as he should've been. i followed him for what he did on the stimulus. i

guest: for six months, there were bipartisan negotiations in the senate finance committee led by max baucus. that was a central democratic strategy, to try to bring these republicans on board. it became terry clear that the republican party was not going to support this legislation -- it became very clear that the republican party was not going to support this legislation. they went around the country saying obama was going to pull the plug on a grandmother. in my opinion, obama waited too long to try to push for a democratic-only bill because it was obvious that republicans were not going to go along with this. they wanted to be -- they wanted it to be obama's waterloo.