host: rep paul kanjorski is our guest.continue this topic later in the hour with representative office. -- baqucus. pat, republican line. caller: barney frank to be in jail. he has done so much damage to our financial industry, turning intervention into established banking regulation and practices. the government and treated it to the established banking practices by forcing them to lower their standards. you can see where that has gotten us. guest: i would like to defend my chairman and most of us do that all the time, but i would have to defend it not necessarily on your particular challenge, but just generally. look, there is a lot of information and misinformation in this country at any one time. some of it is for political advantage, some of it is philosophical difference, some of it is misinformation and understanding. and some of it is true. the reality is that mr. frank is not responsible for the disaster, one. two, he has had a sympathetic ear in the past and has taken encouraging steps. he was not the final regul

host: representative paul kanjorski is our guest, he's a democratic colleague from pennsylvania. we are talking about the consumer protection act. we will have the republican congressman spencer bachus. we have troy of ohio calling. pat is on our republican line. hello, pat. caller: good morning. i think that barney frank should be a -- he's done so much damage to our financial industry through intervention into established, prudent -- [inaudible] the government -- prudent banking practices by forcing them to lower their standards. and you can see where that has goten us. guest: well, i would like to at the fend my chairman and most of us do that all the time, but i would have to defend him not necessarily in the particular challenge that you make but just generally. look, there is an awful lot of information and misinformation that circulates in the country at one time, and some of it is for pure political advantage. some is because of philosophical difference. and some is just pure misinformation and misunderstanding and then actually some of it is true. but the reality is that

host: paul kanjorski, thanks for being with us. >> the house is still in recess, but earlier today, members passed an expiring tax provisions bill, 241-181. when the house does gavel back in we expect debate on the financial regulations bill. the senate also in recess at this hour, scheduled to return at 6:15 eastern time to continue work on health care legislation. it's the 10th day the chamber has been considering the measure and we have had debate on several amendments. majority leader reid has said there will be no more votes today. senate democrats are meeting behind closed doors on removing the government-run public option from the health bill. live senate coverage on c-span 2. here's a portion of today's "washington urm journal" on the house financial regulations bill. host: congressman bachus joins us now and ranking member on the house financial services committee. this act? and call the shots and make decisions whether it's in healthcare, whether in energy policy and now in financial services or matters of credit, and i think it is always dangerous when the government begins to ma