to stop these other financial terrorist well let's look at this headline from the new york times frank rich obama the g.o.p. and a case of stockholm syndrome yes once again max keiser of the kaiser report we said it here first you said oh many episodes ago that obama was suffering from the stockholm syndrome telling people what the stockholm syndrome is well first of all frank read stole my stuff again say here's frank rich new york times you'd think he'd come up with his own stuff but no he's going to steal my stuff. anyway yes stockholm syndrome it's pretty well known i mean you fall in love with your captor the famous example being patty hearst of the sabine these liberation army out there in those photos robbing the bank you know because she had fallen in love with her captor so the point being that in america people say gee i don't not sure i should buy so over and take down j.p. morgan i mean after all they're my they're my prison guard i mean they might i might be let free out of this prison this paper prison and then i would have know what freedom tastes like and that scares me

frank rich attacked us in the "new york times" saying we only had three black speakers.ly he didn't watch the event or is doing sloppy research because we had three prominent african-american speaker, including mayor booker. it's been a tremendous response from middle america who think we need to work together, like the vice president said. >> what about devil's advocate time here? why don't we recognize that politics is not a dirty game, that people have deemly held ideological views and differences and look at the republican party. it's become more conservative because a lot of republicans thought, and even independents, that it got away from basic principles. >> well, sure. but, as we've been saying for two years on our show, this is still james madison's constitution. you have frank rich on the left, enraged by what mark is doing, rush limbaugh on the right, enraged. they have the luxury of never actually governing, never being a president, never being a senator, never being in congress, realizing that you actually have to, at the end of the day, sit down and deal wi

that is to their credit and unfortunately the "new york times" did not have the same scrupples, which is extremely disappointing to me. representative franks, as we look at some of the reports of what were contained in the diplomatic leaks, there are some really troubling national security implications that arise. one is, we find, for instance, that it's confirmed that iran has received 19 advanced missiles from north korea. we have long suspected that there has been ties on a covert basis between those two countries. we have some evidence of that. this just makes it more of a glaring issue and our administration needs to be doing more, not just to stop wikileaks in the future from revealing our national secrets but in stopping iran and north korea from the propagation of deadly nuclear and missile technology that they seem to be doing. and the fact that iran is now receiving -- has received 19 advanced missiles from north cree, each of which is capable of reaching western europe or even moscow is troubling to me. these are our nato allies that we are bound to defend if we are attacked and i don't think our administration is doing enough t

up and we working on regimes to get their and certainly dodd-frank is an impetus to speed up that implementation. i think "the new york times" article was unfair and that it took the construction of a clearinghouse out of the context in which was built. >> to the same issues with other regulative clearinghouse this? >> no, not necessarily. as products get more liquid, more transparent, it's much more easy for them to come in and liquidate in a transparent market. as you specifically know because of your expertise, credit default submarket is incredibly to liquid and complicated market and their many people of the domain mark to do that by now. >> on our list of products obviously we don't have requirements that would potentially have if we were going to do the otc clearing because it is a different product. it's not illiquid, but it doesn't have a liquidity of the market today. in order to best manage it properly so we don't have a system, when he took after required to make sense. you need to set archer requirements different than listed in traditional features. so we have to do different types of risk management as it rel