mr. bennett, the former chief of staff for benjamin netanyahu thanks as always for joining us on the fox news channel on this sunday morning. >> thank you, eric. >> jamie: bracing there the worst, a tropical storm in the gulf of mexico, spawning tornadoes and where it is headed next and who may be in harm's way, straight ahead. >> eric: still ahead, ann romney has been speaking out about multiple sclerosis. there is an emotional interview with governor romney's wife. we'll have that and you will not want to miss it. >> i think very often that is the hardest time of the disease, is when you are newly diagnosed and are very afraid. so, i have -- i do spend a lot of time telling people that this is what you can expect. take because they don't take it with food. switch to citracal maximum plus d. it's the only calcium supplement that can be taken with or without food. that's why my doctor recommends citracal maximum. it's all about absorption. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, this is pretty good. [ male announcer ] h

mr. bennett. guest: good morning. caller: what i see here is president obama is basically usurped the power from congress and called abusive power. imoperation ruling that -- immigration ruling that had just passed and you might look at the act which gives him the authority right now to use military martial law any time they want. when he by passed congress going to war in libya, now these are basically the acts of a tyrant, not a president of a free nation. host: richard, thanks for the call. guest: it goes back to the constitution and recall why things are in there like the phrase that the president -- execute or take care of the laws and be faithful and there are other phrases like that. there was a worry of course, back then, 18th century that the king would not do what parliament wanted, what the people wanted through their legislative voices so this was a requirement that if it were the law, the king had to follow and it in our new system, we hadn't decided what to call this guy yet but we decided to call him th

mr. chairman. >> senator bennett. >> thank you, mr. chairman. mr. dimon, it's good to see you. thank you for being here today. i'm the last. i suppose there is a second round, and being last is no fun because everybody else has already asked the questions before. let me try, though. first of all, i appreciate very much your response to senator cole's observations about the difficulty that borrowers are having with responsiveness from some of the largest banks. i'll take you up on your offer on behalf of colorado and say to anybody listening to this hearing, who may be listening to it, if they would make the same generous offer, i think all of us would appreciate on behalf of the people that we represent. i wanted to, in your written testimony, and you said it again today, i think you said that while the cio's primary purposes measure long term interest rate and kucurrent exposure, it also looks at the original intent. i worpd why those two functi-- functions are in the same place. i know you hedge all across your lines of business, but i just wonder why this one was in the same

mr. chairman. >> senator bennett. >> thank you, mr. chairman, and for holding this hearing. this is not something i wanted to talk about, but i appreciate senator moran's comments, and all of us want to have as efficient capital market as possible, and profitable capital market and secure capital market in this country. but i just want to be clear, because i sat here three years ago and heard the testimony on the credit default swaps that brought down these large financial institutions and put my family and your families through enormous economic turmoil and very clear to me that the testimony we were hearing is that no one was watching that. no one had a view of the systemic risk that was produced by the transactions, and to think of those as merely bad loans rather than securitized instruments that nobody was watching is not, is not an accurate -- it is not anything that you said, senator, but it is not an accurate reflection of the history of what we heard. i'm not for any more regulation than is needed and i share the skepticism on the other side of the ability of the re

mr. chairman. >> senator bennett. >> thank you for holding this hearing. this was not something i was going to talk about, but i appreciate the comments to say that i think all of us believe we want to have as efficient of a market as possible and a secure market. in this country. i wanted to be clear because i sat here three years ago and heart the testimony on the credit default swaps that brought down the large financial institutions and put my families and your families through enormous economic turmoil. it was clear to me that the testimony we were hearing was that no one was watching that. no one had a view of the systemic risk that was produced by the transactions and to think of those as merely bad loans rather than securitized instruments that nobody was watching is not an accurate reflection. this is nothing you said, but it's not a reflection of the history of what we heard. i'm not for any more regulation than is need and i share the skepticism about the ability of regulators to keep up with what's going on in the capital markets. that raises t

mr. bob bennett. >> let me move you to the subject of syria, another area where you have been very outspokenut the need, you believe, for the u.s. to step in in the sense of help arm some of the opposition in syria and perhaps even be more forceful. this is from our secretary to the u.n., susan rice. >> there's not a unified command and control. it's a series of different groups in different cities. there's clearly also an extremist element that is trying to infiltrate elements of the opposition. so to argue that we ought to be arming the opposition is a very consequential statement, and i don't think that those that are advocating that have fully thought through the consequences. >> again, that was ambassador susan rice. have you fully thought through the consequences, senator, of helping to arm the syrians? >> when i hear a statement like that, i don't know whether to laugh or cry. a shipment of arms from may 26th from russia came in to syria. iranians are on the ground. they have artillery, tanks. they are massacring people in most horrendous fashion. meanwhile, member of the administrati

mr. chairman. >> senator bennett. >> thank you for holding this hearing. i appreciate the comments of senator moran. i'm sure we all want a secure capital market in this country. i sat here three years ago and heard the testimony on the credit defaults swaps that brought down these large financial institutions and put our families through enormous economic turmoil. it was very clear to me that the testimony we were hearing was that no one was watching and no one had a view of the systemic risk that was produced by those transactions and to think of those as merely bad loans rather than securitized instruments that nobody was watching, i think, is not an accurate reflection of the history of what we heard. i'm not for any more regulation than is needed and i share some of the skepticism on the other side about the ability of the regulators to keep up with what is going on in the capital markets. i want people to remember why we are here to begin with. we saw gaps in the regulation that had a profound effect on this economy and the people i represent. having

bennett. >> thank you, mr. chairman, and thank you and the ranking member for having the hearing and, madam chairman, it's nice to see you again. thank you for your service. you know, i've actually lived this as a former school superintendent. i've seen the huge importance of money market funds to school districts and to municipalities. both for cash management, but also for financing. and i also saw the challenges that arise when there is a run. and, um, and it's hair-raising. but i think we need to be really cautious about this because i think the costs are potentially very real and very large for municipalities, for school districts, for local government, and there's been a lot of general talk about that today. i wonder, have you done specific analysis yet on the potential costs to these local governments? >> excuse me. our release will talk about, um, to the extent we have data on the potential costs to municipalities and state issue issueers as well as on them and their capacity as using these vehicles for

mr. -- from pennsylvania with his logical presentation. >> senator bennett. >> thank you for holding this hearing. i appreciate center ran's comments. i think all of us believe the profitable -- capital market is probable and secure in this country. i just want to be clear. i sat here three years ago and heard testimony on the credit defaults walks that brought down these large financial institutions and put my family and your family's three enormous economic turmoil. it was clear to me that the testimony we were hearing is that no one was watching that, no one had a view of the systemic risk that was produced by those transactions. you think of those is merely bad loans rather than secured -- securitized instruments that nobody was watching. that is not an accurate reflection of the history of what we heard. i am not for any more regulation and i share the skepticism on the other side about the ability of the regulators to keep up with what is going on in the capital market, which raises the importance of capital as you described earlier. i do want people to remember why we were here to

mr. president, presented on behalf of the republican senate to the health care tax force and the co sponsors of the legislation are senators dole, bond, hatfield, bennett, hatch, danforth, brown, gordon, simpson, stevens, cohen. senator warner, spectser, luger. to start, i want to thank the distinguished republican leader senator dole for his vision in directing the establishment of a senate republican health care task force in 1990. think of it, over three years ago, senator dole set up this republican health care task force. his support and encouragement of our efforts have brought us here today. i'm particularly indected to him for that. >> all right, so that is pretty much every leading senate republican of the time, including bob dole, who is leterally the leader of the senate republicans at the time. you want to know what was at the core of the bill, the heart bill? it was an individual mandate. it's right there in section 1501. section 1501, requirement of coverage, effective january 1, '05, every citizen who is a lawful permanent resident of the united states should be covered by a health care program as defined in 1601. that's half of an indiv

mr. sanctimonious. >> sorry. >> that's fine. alex wagner stay with us. how strife in the eurozone is spilling over to the euro cup. roger bennettt's become a mood ring for europe's economic and social unrest. is that a stretch? not sure about that. up next, dad, dr. zbigniew brzezinski joins us in the studio. bill karins with a check on the forecast. >> good morning to you, mika. everyone getting ready for a hot day around the country from the desert southwest and the middle midwest to the northeast. it's the northeast that's really the intention today, first heat of the summer. heat advisories and heat warnings including philadelphia. the bottom line is two days in a row of a heat index that will feel like 100 to 105 during the afternoon. here's the forecast high temperatures today. remember these are taken in the shade so in the sun on the pavement it will be worse than this. 100 possible today in connecticut. temperatures in the upper 90s from d.c. all the way up to boston. i think thursday is going to be probably the hottest day in the big city. we could possibly hit 100 in central park new york, also in d.c. cooler air wil

mr. chairman. >> senator bennett. >> thank you for holding this hearing. i appreciate the comments of senator moran. i'm sure we all want a secure capital market in this country. i sat here three years ago and heard the testimony on the credit defaults swaps that brought down these large financial institutions and put our families through enormous economic turmoil. it was very clear to me that the testimony we were hearing was that no one was watching and no one had a view of the systemic risk that was produced by those transactions and to think of those as merely bad loans rather than securitized instruments that nobody was watching, i think, is not an accurate reflection of the history of what we heard. i'm not for any more regulation than is needed and i share some of the skepticism on the other side about the ability of the regulators to keep up with what is going on in the capital markets. i want people to remember why we are here to begin with. we saw gaps in the regulation that had a profound effect on this economy and the people i represent. having