you've got nobody's passbook savings and this is this is the problem with having people like spencer baucus as the chairman of this committee i mean he's you're exactly right when he said that this is second biggest donor i mean this is there are republicans in the house there are republicans out there there are conservatives out there that are actually concerned about the size of banks they say banks are too big spencer baucus is not one of them so this is a problem that republicans need to deal with because the realities are exactly what you said that famously ronald reagan in eighty two stopped in for some of the sherman antitrust act which had been on the books since one thousand nine hundred one and thus we had this mergers and acquisition frenzy and now we've got all these big banks are youth are you saying we should roll back reagan's policies because nobody knows what i'm saying is look great economy is change over time and policies need to change with that and so i can't apply what reagan did in one thousand and two to what's happening thirty years later in two thousand and twelve

representative spencer baucus in alabama republican objected to increasing funding for the i.m.f. by reciting a list of perks given to the funds employees we are asking the u.s. taxpayer in this funding requests to reimburse the employees of the i.m.f. for income taxes for private school costs for tuition and not only that but for salaries higher than those paid by the u.s. government so she's asking us u.s. taxpayers to pay for her children's school and her health care and all her other perks to social welfare for christie look our. financial rapist now. the predecessor illegibly was a rapist in new york we don't he got off in more ways than one but the institution itself the i.m.f. undoubtedly is a financial ripest institution and she represents the exact same thing you have again where the theme is of course we need a b.m.p. perry flag not just the queen's flag we need a flag for j.p. morgan we need a flag from bank perry bob all these people were going to celebrate the jubilee the diamond jubilee of j.p. morgan and she's this an elected official who's able to go there and tell

absolutely still those connections so the chairman of the house financial services committee spencer baucus j.p. morgan and its employees and our it's our his law largest contributor yes the vice chair not as much so a little variation there but overwhelmingly there are still massive connections of one hundred sixty eight thousand dollars in the two thousand and twelve election cycle came from j.p. morgan to pass through pacs and employees to this committee to in-house lobbyist with j.p. morgan were either on this committee or were an aide to a congressman on this committee three that are outside lobbying outside lobbyists lobbying for j.p. morgan were former staffers related to this committee and as jack a verb. if the super lobbyist who i've interviewed has said it's those staffers that are the good ones when it comes to the revolving door and being the good lobbyist once they've left those were the ones that get to stand the spotlight a little more away with it so let's move on to europe and the doom and gloom we have one week left to save the entire euro zone statement from mario monti

. >> more from the house financial chairman spencer baucus at the top of the hour.y tuned for that and more coming up. >> als is important to me because i had a family member that was diagnosed with this. it affects the neurological system to the point you completely start to deteriorate and it's a difficult process to stop. if we are privileged enough to have any extra there is always somebody in need and we always want to give back. i'm pete negerian and i'm living well. the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a