senator sherrod brown and david vitter joined forces to end too big to fail. the proposal starts a firestorm on wall street. senator vitter joins us next. do you ever have too much money? ♪ . melissa: big banks. senator sherrod brown and david vitter want the biggest banks to raise a lot more capital, extra 500 billion by some estimates. critics argue this will not just break up the banks but also hamper lending and hurt the economy. legendary analyst dick above say -- dick bove says the proposal is anti-american. joining me is senator vitter is. thanks for coming on the show. >> thanks for the invite. melissa: you don't buy the 500 dal billion number, right? >> right. i don't think we have an exact number yet. the concept is not mandatorily breaking up anybody. it is simply having a higher capital requirement for megabanks. three studies in the last nine months have shown that too big to fail is alive and well and it gives megabanks actually market advantage helping them grow even beyond other advantages and dominate the markets. melissa: do you worry about -

senator sherrod brown and david vitter joined forces to end too big to fail. the proposal starts a firestorm on wall street. senator vitter joins us next. do you ever have too much money? ♪ . all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if youreart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical hel

maximum amount of money that these people actually can on so senator elizabeth warren senator sherrod brown pushed really hard for this there's a lot of contention about how they arrived at this settlement there's some question about how did you figure out what the right magic number was i think probably the case is closed as far as the o.c.c. is concerned but we have a lot of people on the hill like representative maxine waters representative elijah cummings who would like to push the o.c.c. harder and say is this the right number because one of the things i talked about in my report is the o.c.c. told the media that the error rate per bank was about four point two percent meaning and only about four point two percent of cases where there are errors and that was a law they made that up this was something that they just pulled out of state air that was something senator elizabeth warren push really hard on in the hearing today and they will continue to push hard on and so i don't know if the case is closed or not but i certainly think that the o.c.c. is trying to sweep this under the rug an

but not if you're sherrod brown or rob portman or jim jordan or congressman sandy levin they're keeping plant going even when the army insists they have enough tanks and they want to spend that money elsewhere. did i mention that the tanks are being worked on in their states. representative jordan told npr i quote, look, the plant is in the fourth congressional district but if it was not in the best interest of the national defense you would not see me supporting it like we do but it's not and yet we are. i'm pleased to be joined by heather h erlberg. welcome to view. >> great to be with you. >> john: thank you. i find this mind boggling. given that america has spent billions of dollars in afghanistan, why is the c.i.a. giving karzai millions under the table, and what do you think these not so secret millions are supposed to buy? >> well, you cast your mind back ten years ago right after the u.s. went through afghanistan and identified karzai as the best hope to bring afghanistan society together. i think the most charitable interruption you can put on it is it starts with karzai giving

saying i don't want it, but of course it's made in lima, ohio, so senator rod portman senator sherrod brown jordan all from ohio saying i don't care if you don't want half a billion dollars, here it is any way. >> if there were more jobs in ohio, i think more people would give a crap about this, there would be more jobs to serve as a substitute to this. but in an economy that was once based fully on manufacturing in lima, where are people going to go? where are they going to get jobs and how are they going to feed their families. there is a reliance on crap that we don't need. the hard stuff the stuff they're supposed to be doing. >> cenk: yes, they spent $11 million lobbying, general dynamics, who lobbied for that plant. but it is not the way to do it, and hypocritical of republicans who say cut spending, cut spending but not in my backyard. thanks brian unger lauren brown jarvis. we'll be right back. the twist you can't resist.

joining me tonight is the man you just saw, senator sherrod brown, democrat from ohio. first question to you is this. i watched the hearing today and there's a lot going on on capitol hill all over the place. you had to leave for the gun vote at some point. why did you want to have a hearing on this? why are you focusing on this issue? why should it matter to you and voters? >> the occ has not a very good history of looking out for consumers. a pretty good history looking out for banks. they have a new controller of the currency, controller curry more pro consumer than his predecessors. he's been there about a year and we're starting to see improvements. i think you can see in this hearing when jack reed asked questions and elizabeth warren asked questions and i asked questions, you can see they don't think of families, they don't really imagine, i don't think these regulators think what it's like for a parent to tell your daughter 12 years old we have to move and i don't know what school district you're going to have to move in because we're foreclosed on our home. tha

such that you even saw the sherrod brown had a shared constituency on coal. >> it's much more complicated politics and much tougher and -- >> it's all local. >> strongly democratic congress. >> it's all local and it's all global. when you think about how complicated keystone is you have to think about the geopolitics in the middle east. pivoting from middle east to asia has been one of the foreign policy goals of the administration. >> and the idea of not turning canada into a petro-state. i want to give you a last word. is there disappointment in the environmental community that the white house hasn't done more and been more aggressive? >> i think it's part of our job to see how much, how much progress we can make during this administration. the good news here is that over the last four years, we have actually made great progress in replacing coal, a little bit of gas and oil with clean energy. to the extent that solar, the price of solar has come down by 80% over the last five years. and the price of wind has dropped significantly at the same time. so in places like louisiana and places

on the sherrod brown proposal to raise capital requirements, what's your view?ion is, how far do you need to go? i don't think it can reduce the probability of financial distress at one of these institutions, insolvency to zero. we shouldn't act as if it does. at the end of the day you have to make preparations for what happens if. despite all the capital you have before. what if you get to a situation where they're insolvent. i think living wills is important. a little noticed feature. it's not commented much on dodd/frank. it's 165d i think is the section number. it requires them to submit resolution plans. and the plans have to be credible. they have to take them through support and they get to decide whether they're credible or not. we can force structural changes on them. it's the same issue i have with these ideas about breaking up the bank. i'm open to the idea that that's what we need to do in too big to fail. i ask the question, how do you know how small to make them? i think living wills work is the only way to document to give policymakers and market

the wife of senator sherrod brown from ohio, she has become a go to woman on the democratic side for people running for office, because her husband is a u.s. senator, she's a columnist and she was telling me that when her husband was running, she was the person trying to pull back the reins and tell not to run. she said when they got into the race, two people jump out of an unmarked van in suits to steal her garbage. this is the big leagues and people take this seriously and it may impact your life. the husbands and wives, they have to try to convince them. it's not as the candidate, but the family that does not want them to run. host: we're taking your calls and comments in this section. we are talking with shane goldmacher on his speech on why anyone would want to run for congress. the numbers are on the screen now if you would like to give us a call. i want to read a tweet -- the talk about some of the concerns these candidates raise. chairman, is recruiters, quell the concerns? guest: they're basically matchmakers. they want to find candidates's wife or husband who can reach out

he has called mark levin, senator ted cruz the guy that ran against sherrod brown heros. >> yeah.beach firing at our guys. >> stephanie: right. this is the espn sports caster chris brasard. >> personally i don't believe that you can live an openly homosexual lifestyle, or an openly like premarital sex between heterosexuals. if you are openlying that type of lifestyle then the bible says -- [overlapping speakers] >> stephanie: excuse me? >> it says that is a sin. and if you are openly living in unrepenitent sin, whatever it is not just homosexually, premarital sex, whatever it may be, i believe that is walking an open rebellion to god and jesus christ. so i wouldn't characterize that person as a christian. >> stephanie: thank god there are no nba players who have engaged in premarital sex. >> yes and eating shell fish. >> and cutting their hair at the temples. >> stephanie: thank god. >> thank god he has followed every single rule in leviticus. >> including which slaves it's okay to kill. >> stephanie: yeah, he said that guy predicked when the first player comes out, the real toler

the wife of senator sherrod brown from ohio, she has become a go to woman on the democratic side forple running for office, because her husband is a u.s. senator, she's a columnist and she was telling me that when her husband was running, she was the person trying to pull back the reins and tell not to run. she said when they got into the race, two people jump out of an unmarked van in suits to steal her garbage. leagues andbig people take this seriously and it may impact your life. the husbands and wives, they have to try to convince them. it's not as the candidate, but the family that does not want them to run. host: we're taking your calls and comments in this section. we are talking with shane goldmacher on his speech on why anyone would want to run for congress. the numbers are on the screen now if you would like to give us a call. i want to read a tweet -- the talk about some of the concerns these candidates raise. how do the committee chairman, is recruiters, quell the concerns? guest: they're basically matchmakers. they want to find candidates's wife or husband who can reach

you might want to contact sherrod brown. he might have better luck then we get. not trying to be political, because i think all the money, madam secretary, and i don't revel in this because these are my constituents and the democrats and republicans, independents and not political. their health care is going to change according to their experts for the worst. so i just like to think that maybe you, because i know your history, and i know you care about this, that maybe you and your team can be more engaged with some of these employers who are very, very nervous about the future of a benefit that they provided, and they are not the ones we're trying to get at in terms of access to health care, if that makes any sense. >> it does. and trust me, we are trying to be very engaged. i meet with employers in various parts of the country on a very regular basis as i travel around, and i think that's as we move into full implication, i'm hopeful that some of the projected fears will be relaxed a bit, and that people have, it's very difficult until, the case are talking abo

sherrod, is there a better act we could have used over james taylor. >> that music sounds boring as i don't know what. james brownabout 10 to 15 years after the story. >> that's when it was a party. james taler is really going to get ?u -- what will it do for you? >> what is it going to do to russia? will they band together and sing together? i don't buy it. >> let me ask you, do you use sherrod's phrasing buy it. and what about places like iran? >> as a former cia guy you play nsync loud enough the iranians are like, we don't want to fight anymore. they are into it. they are a couple decades behind and so go with the right boy band. go with the wrong one and the guns come out. >> what did you do on the cia desk? >> i was on the iraq desk. >> oh! >> shouldn't they have -- of course you will always come back because you love it here. >> and we force you. >> it is the pictures that keep you coming back. >> shouldn't they play michael jackson? that seemed to bring everybody together. that was back when michael jackson would order them to. >> i want to get lori in this because we have to take a break. >> i think you