ohio democrat sherrod brown wants to see even tougher rules for the nation's biggest banks. an could be the next chairman of the banking committee. peter cook set down with brown earlier today. peter joins us now with more. >> absolutely. sherrod brown things too big to fail is still a problem. he says all you have to do is look at the markets to see there is still that implicit subsidy out there for the nation's biggest banking institutions. because of that, it is still a problem. his concerns about to be developing's have been well-known over the past couple of years, but as you said, they are getting even more attention now on wall street. there is a chance brown could become the next chairman of the senate banking committee. he told me his goal is not that big banks out of business. >> almost 20 years ago, the largest banks in this country, their total assets were about 16% to 18% of gdp. today those six banks are over 60% of gdp in the aggregate. that ain't concentration is not good for our economy, anymore than concentration in any other industry. i work with wall stree

joining me now is senator sherrod brown, democrat of ohio who knows a lot about fighting the big moneyerests. thank you for being here, senator. >> of course, reverend sharpton. thank you for having me. >> how can your gop colleagues justify voting against an increase in the minimum wage? >> well, they do a lot of dancing when they justify. i think a couple of things go on here. one is there are a number of my colleagues who have voted for pay increases for themselves, but just can't see fit to increase pay for people making $7.25 an hour. and john boehner every morning wakes up. he has to decide is he going to be speaker of the tea party or speaker of the u.s. house. if he's speaker of the u.s. house of representatives, he brings this bill to the floor. democrats and republicans join together to pass it in the house, a lot of pressure on republican colleagues, especially those who voted to increase their own pay. and in the senate, we need that same kind of pressure on people on my colleagues in the senate to do the right thing here. and democrats are going to vote overwhelmingly for

we've got senators like senator sherrod brown who are leading the charge, bringing more senators on site going to go up on the hill, so they're going to look at members of commerce, members of the senate and people from the commerce department and say it's my livelihood you're mezing with, you're choosing between south korea and america. so choose america. we have our people on the hill doing that. >> since that story, there hasn't really been any change. this dumping continues and we allow it to happen, is that right? >> the dumping continues and the south koreans understand that we may get a decision that's not in their favor. so while they're anticipating that decision, they're putting as much of their junk into our market as possible. the last time we looked at 30 pors of the market, they're deed depressing the market and causing us jobs. they didn't make this industry in south korea for themselves, they structured it so it can wipe out our industry. we first have to lose jobs before we can win the case. >> another reason why we should say no to the tpp. this would be another bad tra

. >>> coming up on "morning joe," senator sherrod brown, actress eddie falco, and bill kristol.p next the political playbook. but first here's brittany with a clek of the forecast. >> these are the spring days we've been waiting for. if you take a look at philadelphia, 68 degrees. d.c., 71 with just a few clouds. for new york we'll stay in the low 60s for today. but a cold front is going to move closer to us. so that's going to bring us a few clouds into tonight. even the chance of showers as we head into tomorrow. but across the nation you can see it's very quiet. we are checking out a few scattered showers moving through parts of minneapolis. also going to affect chicago as we head into later on this afternoon. temperatures in chicago, a bit above average for us. and if you take a look at phoenix, 98 degrees. pushing close to the triple digit mark. we'll see temperatures staying at 58 in seattle. tomorrow just as nice but we see the showers moving into the northeast. stick with us. you're watching "morning joe." we'll be right back. before using her new bank of america credit

this is not an idea that is supported, you know, sherrod brown and roy blunt were the spearheads of it and we have people like roger wicker, the senator from mississippi, the senator from delaware, we've got a good bipartisan group from around country, geographically and across party lines, and this is what we have to do. why is it so important? because what drives new manufacturing jobs is innovation. when i was governor of maine, somebody gave me a cap that said "innovate or die." bill gailts once famously said every product we make today is going to be obsolete in five years. the only question is whether we make it obsolete or someone else does. innovation is the heart of this committee and that's why we have to put together the knowledge factories with the real factories. the knowledge factories, the university, like the university of maine that has the advance composites lab that has created amazing new ways to deal with composites. one of their creations is the bridge in a backpack. it's a composite system which i've seen in action, they're long tubes made of fiberglas. you sprea

>> sherrod brown gets it, mark reid gets it, and there's loads of people that get it.ve it forward on a complex issue unless you have broad support out there in the public. everybody wants to jump on the bandwagon. this bandwagon's big enough for everybody. the more people that jump on it, we have to do it. >> before we let you go, the problem with banning rebates is it's an integral park of reg msm and the whole thing that came about in 2007 and might create unintended consequences. don't you think we should call for an accelerated review of the old regulations that created some of this and by the end of the year perhaps come to a series of definitive conclusions, i mean, the s.e.c. should come to it, and then we can all agree what we need to do to step forward rather than piecemeal measures? >> no, i agree with that. but i think in the interim what commissioner aguilar is calling for is a pilot program. he's calling for a pilot program. i think it's a good idea. i think there's no doubt in my mind that rebates are at the heart of that problem. it's all those things a

group cosponsoring the bill: my colleagues senator reed, senator heller, senator merkley, senator sherrod brown, senator durbin, senator sue so susan co, senator portman, senator murkowski, and senator kirk, republicans appeared democrats alike who have hammered out a compromise, done the difficult work and are pushing to move this forward. i also want to thank people from new jersey who've shared their stories with me, who've been active and engaging from online posts, letters, phone calls, all of them fighting to find work. i've heard from republican new jerseyans and democratic new jerseyans. i've heard from military veterans and single moms. i've heard from folks who are so hungry to work. while they're working or looking to this body, to all of congress, to help them meet the basic minimum needs so that they can continue to have some stability, not swallowed up by the quicksand of economic crisis, to be able to continue to find a job. they are living examples, each and every one of these millions of americans are examples of what's at stake if we do not act. i've heard painful stories of p