the f.c.c. to get two parts of equation correctly. the broadcast side and the broad band side. now for broadcasters, the intent of the law could not be more clear. for those that plan to exit the market, the f.c.c. has an obligation to let the market work. i'm concerned the commission seems to be -- needs to use its judgment. for the incentive auction to be successful, broadcasters that participate should be assured they will be compensated based on the market value of their licenses as determined by the auction. not based on estimates in the s.e.c. we should look asignificance at policies that would dissuade participation. for those that remain in the broadcasting, i have been equally clear what i believe is needed. the statute is clear what they deserve is certainty. broadcasters should be assured they will remain viable ollowing the akes. viable following the actions. the f.c.c. should take into consideration the unique challenges across the country as they reclaim broadcast spectrum repack ex

f t c o c c and the federal reserve but this has turned into a bit of a drawn out process today the f.c.c. chair why you decide implementation of the volcker rule under extraordinary complex rule making quickly walk you through this process first before regulators publish their joint proposed rules all the way back in october two thousand and eleven there was a four month comment period after that which got extreme pushback from banking groups saying it would be way too costly and that it was just filled it with loopholes even paul volcker criticized the rules saying that they were too complicated and should be no more than just four pages then the c. f.t.c. who published their proposed rules which were over one hundred pages and during that comment period over seventeen thousand comments were made in july of last year the fed announced the banks have two years to conform with the rules but these rules have yet to be implemented occupied the as the c. filed a suit asking the courts to set a deadline for implementation and they also submitted a comment letter to the f.c.c. having found a n

that's what the headlines in the media suggest the security and game commission is alleging however the f.c.c. is simply investigating whether the new crypto currencies are being used as a tool to war investors and to an illegal investment scheme now whether or not this is true the smear campaign against alternative currencies continues in a press release the f.c.c. stated quote investors should understand that regardless of the type of investment the promise of high returns with little or no risk is a classic warning side of fraud well don't tell that to freddie and freddie at least trying to got out. and there was a natural gas explosion on an unmanned raid off the coast of louisiana on tuesday the blaze has been described as out of control no injuries were reported on the nearby jack up the rig but a natural gas cloud any very large and light sheen was reported the operator of the well stated no oil was killed but again it's a natural gas curiously at the well that exploded was a side track which is usually used to overcome an engineering problem with the original well we'll stay on top of

is there i guess this is part of a sweep that it is doing here i know that's easy going on inside the f.c.c. during that whole government not cracking down on on insider trading and that's so convenient let's go after the banker criminals who are basically committing acts against other banks because the objects who are trying to get the upper hand on other bankers but let's not go after the bankers who are trying to get the upper hand on consumers and on main street right. here is a problem is it's very easy to detect insider trading it's kind of hard to go after for the d.o.j. to go after and prove fraud in intent but the securities and exchange commission has had these algorithms in place in a modern monitoring system to monitor suspicious activity before very very civilians and so it is it's all about headline grabbing and say we're doing something but they're not going after the right to go after the people who are kicking millions of americans out of their homes on the legal documents the robo signing years let's not talk about the little rogue reciters i'm talking about the mainstay l

certainty that i just there i guess this is part of a sweep that is doing here are going on inside the f.c.c. doing federal government not cracking down on on insider trading and that's so convenient let's go after the banker criminals who are basically committing acts against other banks because the objects who are trying to get the upper hand on other bankers but let's not go after the bankers who are trying to get the upper hand on consumers and on main street right. here is a problem is it's very easy to detect insider trading it's kind of hard to go after for the d.o.j. to go after and prove fraud in intent but the securities and exchange commission has had these algorithms in place in a monitoring system to monitor suspicious activity before very very civilians and so it is it's all about headline grabbing and say we're doing something but they're not going after the right to go after the people who are kicking millions of americans out of their homes on the legal documents the robo signing years let's not talk about the little rogue reciters i'm talking about the main see likely to be

just there i guess this is part of a sweep that is doing here i know that's easy going on inside the f.c.c. doing that whole government. cracking down on on insider trading and that's so convenient let's go after the banker criminals who are basically committing acts against other banks because the objects who are trying to get the upper hand on other bankers but let's not go after the bankers who are trying to get the upper hand on consumers and on main street right. here is a problem is it's very easy to detect insider trading it's kind of hard to go after for the d.o.j. to go after and prove fraud in intent but the securities and exchange commission has had these algorithms in place in a modern monitoring system to monitor suspicious activity before very very civilians and so it is it's all about headline grabbing and say we're doing something but they're not going after the right to go after the people who are kicking millions of americans out of their homes on the legal documents the robo signing let's not talk about the little rogue reciters i'm talking about the main see likely to b

just there i guess this is part of a sweep that they did that is doing here are going on inside the f.c.c. doing that whole government not cracking down on on insider trading and that's so convenient let's go after the banker criminals who are basically committing acts against others. i think it's the objects who are trying to get the upper hand on other bankers but let's not go after the bankers who are trying to get the upper hand on consumers and on main street right typical here's the problem is it's very easy to detect insider trading it's kind of hard to go after for the d.o.j. to go after and prove fraud in intent but the securities and exchange commission has had these algorithms in place in a modern monitoring system to monitor suspicious activity before very very civilians and so it is it's all about headline grabbing and say we're doing something but they're not going after the right to go after the people who are kicking millions of americans out of their homes on the legal documents the robo signing let's not talk about the little rubber centers i'm talking about the main see

system but as a partner at kirkland cruz amin will represent some of the same corporations that the f.c.c. oversees now kirkland is known for lavishing its star partners with some of the highest salaries in the industry and it's also been reported that they hired one of his obviously tenants at the f.c.c. kenneth lunch now some companies offer khuzami even more money which just shows how highly into man these former s.e.c. enforcers are to these financial firms and as wall street faces greater regulation after a financial crisis the firms are clamoring for marquee names who can navigate the agency. now in other news millions of pieces of trash are floating in the world's oceans and fundamentally changing the make up of the earth's food chain in fact tons of plastic it has accumulated in what is known as the great pacific garbage patch that was discovered in one thousand nine hundred seven by captain charles moore and he described it as an actually a soupy mixture of micro plastic fragments that swirl into vast belts in the remote north pacific ocean and since his discovery more and others

not this is true the smear campaign against alternative currencies continues in a press release the f.c.c. stated quote investors should understand that regardless of the type of investment the promise of high returns with little or no risk is a classic warning side of fraud well don't tell that to freddie and freddie at least trying to got out. and there was a natural gas explosion.

not this is true the smear campaign against alternative currencies continues in a press release the f.c.c. stated quote investors should understand that regardless of the type of investment the promise of high returns with little or no risk is a.

the f.c.c. rule only lifted the ban on general solicitation but you can only sell to accredited investors to be an uncredited investor you either have to have one million dollars of investable assets not including your home or made two hundred. thousand dollars per year for the last two years further the rule states that you have to take a reasonable steps to verify that purchasers are in credit investors this may not be a big deal for an established firm that has a compliance department but a small startup may not have the tools available to them to verify their investors credentials in order to do this you would need to review iris forms or seek written confirmation from a registered broker dealer before this rule the bird was on the investor to prove his status well the jobs act was intended to help small businesses raise capital the way the rules were written it could be counterproductive i think red tape and compliance that's the sea took one more step to address this issue of fraud by passi

the headlines in the media suggest the security intervenes for the mission and alleging however the f.c.c. is simply investigating whether the new crypto currency they're being used as a tool to war investors and to an illegal investment scheme now whether or not this is true the smear campaign against alternative currencies continues in a press release the f.c.c. stated quote investors should understand that regardless of the type of investment the promise of high returns with little or no risk is a classic warning side of fraud well don't tell that to fab you and freddie at least try.

go on the f.c.c.'s website to feel a person out. s.e.c.guys are not licensed. >> thank you so much. appreciate it. make sure you turn in tomorrow and we will talk about on-line scams. a lot of folks getting had by that. the time now six minutes till the top of the hour. hate when you're on a plane and the person won't stop chatting? it turns out that's not even the worst offender. the worst kind of air passenger revealed next. >> removing god from the declaration of independence for a commercial. >> all men are created equal. they are endowed with certain inalienable rights. life liberty and the pursuit of happiness. >> the beer maker standing by its decision. your brew on its responses your brew on its responses next. but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causi

greater than usual powers to step in where the federal government normally has jurisdiction he joined the f.c.c. to secure more than a billion dollars in fines during a late trading investigation and the global settlement for inflating stock prices he levy the penalties from j.p. morgan chase goldman sachs deutsche bank just to name a few he also went after dick grasso the then chairman of new york stock exchange for receiving excessive compensation at the time it was listed as a not for profit exchange however this attempt was fruitless so won the case in court in addition to whipping the financial services sector in line attorney general spitzer pursued cases in other industries including bringing down several prostitution rings after laying down the wall as a g. he became the fifty fourth governor of new york but only for half a term that's as terse and all issues conquered him reversing the investigations on spitzer's he resigned after the f.b.i. caught him why. his pants down at the mayflower hotel his stand up was revealed just a few blocks from here and what's been called at least faithf

that's what the headlines in the media suggest the security exchange commission is alleging however the f.c.c. . it is simply investigating whether the new crypto currencies are being used as a tool to war investors and to an illegal investment scheme now whether or not this is true the smear campaign against alternative currencies continues in a press release the i.c.c. stated quote investors should understand that regardless of the type of investment the promise of high returns with little or no risk is a classic warning side of fraud well don't tell that to freddie at least trying to got out. and there was a natural gas explosion on an unmanned raid off the coast of louisiana on tuesday the blaze has been described as out of control no injuries were reported on the nearby jack up the rig but a natural gas cloud any very large a light sheen was reported the operator of the well stated no oil spilled but again it's the natural gas curiously of the well that exploded was a side track which is usually used to overcome an engineering problem with the original well we'll stay on top of this stor

would bar felons and other bad actors from participating and offering investor advocacy groups asked the f.c.c. to update the bad actor rule before lifting the ban on solicitation for fear is that felons could try to scam innocent television are innocent investors on the television or in the internet these rules will not be effective for another sixty days or they are in the public comment period if you would like to file your comments or concerns with the security and exchange commission visit as the si dot gov i will also be continuing this conversation on twitter at perry and r t. we all know death and taxes are the only certainties in life but the tax structure itself is the byzantine nightmare isn't it coming up just stream of charge how some of the biggest corporations got uncle sam to cut. in on the world with over financial aid to egypt. it is easy. to. shoot easy. to. say. i was a new alert animation scripts scare me a little lame. there is breaking news tonight and we are continuing to follow the breaking news many. alexander's family cry tears are so why at a great thing rather that

he has jurisdiction he joined the f.c.c. to secure more than a billion dollars in fines during a late trading investigation and the global settlement for inflating stock price is he penalties from j.p. morgan chase goldman sachs deutsche bank just to name a few he also went after dick grasso the then chairman of new york stock exchange for receiving excessive compensation at the time it was listed as a not for profit exchange however this attempt was fruitless as grasso won the case in court and addition to whipping the financial services sector in line attorney general spitzer pursued cases in other industries including bringing down several prostitution rings after laying down the wall as a.g. he became the fifty fourth governor of new york but only for half a term as his terminal issues conquered him reversing the investigations on spitzer's he resigned after the f.b.i. caught him with his pants down at the mayflower hotel his stand up was revealed just a few blocks from here and what's been called at least faithful city a

would bar felons and other bad actors from participating and offering and bester advocacy groups ask the f.c.c. to update the bad actor rule before lifting the ban on solicitation for fears that felons could try to scam innocent television it is that investors on the television or in the internet these rules will not be effective for another sixty days or they are in the public comment period if you would like to file your comments or concerns with the securities and exchange commission visit s c c. i wasso be continuing this conversation on twitter at perry and r t. we all know death and taxes are the only certainties in life but the tax structure itself is a byzantine nightmare isn't it coming up just charge how some of the biggest corporations got uncle sam to cut them and i'll do well with over financial aid to egypt. we'll talk about language as well but i will only react to such a. bridge which will let. you know i will leave a comment on your. it's. no more weasel words. when you question me prepared for a change when you punch be ready for a. president of speech. than the financier cla

global's general counsel sent e-mails to the f.c.c. m a c s d c and they came and there was a significant shortfall in the customer segregated accounts yet the next day november first in bankruptcy court and the locals bankruptcy council cans them on ad and went before the judge and misrepresented saying that there were no. he specifically said there was no shortfall in the broker dealer and then if the f.t.c. attorney stood up shortly after that nobody corrected this and there were headlines out that day that said the money that there's no shortfall and this was one of the events that led the futures industry into a shortfall after it was discovered that there was a shortfall so i mean you started out with the customer commodity customer coalition you helped found it to deal with the fact that there was nobody looking out for the futures industry at that time and what was it like in those early days i mean it was absolutely. i'm a licensed attorney but i've never practiced a day of all my life i've never taken a class on bankruptcy so

mortgage the fed had the authority to set mortgage lending standards across the board they didn't do it the f.c.c. and see have the see have the authority to apply some market regulation to drive it as congress strip them of that authority so there or they were tools that could've been used prior to the crisis that would have prevented it that were not and we should learn from that the tools are there now congress has given the regulators a lots of new tools they need to use them. that was my interview with former f.b.i. c chairwoman sheila bair now it's time for today's daily door. guess what we got sam sachs back here at thank you for joining me for today's dual thank you bob let's get to our first story. we got the apple product it's called i watch you gotta love that name i watch out for all this tech stuff according to forbes apple is said to be hiring outside help to tackle design problems with its smart watch and according to the financial times a tech firm wants to bring in fresh pair of eyes to look at the device because it's in the house developers may be struggling to solve the problem

board they didn't do it the f.c.c. and see have the see have the authority to apply some market regulation to drive it is congress just in that authority so there or they were tools that could've been used prior to the crisis that would have prevented it that were not and we should learn from that the tools are there now congress has given the regulators a lots of tools maybe. that was my interview with former f.b.i. c chairwoman sheila bair now it's time for today's daily door. guess what we got sam sachs back here at thank you for joining me for today's dual thank you bob let's get to our first story. we got the apple product it's called i watch you got to love that name i watch after all this tech stuff according to forbes apple is said to be hiring outside help to tackle design problems with its smart watch and according to the financial times a tech firm wants to bring in fresh pair of eyes to look at the device because it's in the house developers may be struggling to solve the problems i give you the floor so i d

being fantastic musical in the west and you know speaking of puffery by the way they've just allowed the f.c.c. is allowing hedge funds to start advertising so wait until you think people are confused now and don't know anything about the world around them hedge fund start advertising and daytime television is going to be like those drug manufacturers that advertisers say take this new drug for a disease we just invented and here are the risks then they run fifty pages of risks the absolved of my law bill it will be like here's john paulson the worst hedge fund manager in the world buy into his fun and here's thirty pages of disclaimers absolving anyone from any risk of buying into this ridiculously overpriced junk fund now speaking of the political proffer here in the u.k. so people are very confused they think the welfare bums are their normal neighbor next door joe sixpack next door whereas in fact it's the banking sector they're the ones that suck out and lead to pon the economy of course now we're going to turn to this headline about bankers and what bankers think about the population con

currency's continues in a press release the f.c.c. stated quote investors should understand that regardless of the type of investment the promise of high returns with little or no risk is a classic warning side of fraud well don't tell that to freddie at least trying to got out. and there was a natural gas explosion on an unmanned raid off the coast of louisiana on tuesday the blaze has been described as out of control no injuries were reported on the nearby jack up greg but a natural gas cloud any very large and light sheen was reported the operator of the well stated no oil was killed but again it's the natural gas curiously in the well that exploded was a sidetrack well which is usually used to overcome an engineering problem with the original well we'll stay on top of this story as it develops and we have a bloomberg update that would be the scandal were bloomberg reporters were allegedly spying on bloomberg terminal users including such power users as ben bernanke tim geithner well the current attorney general of new york eric sch

repeating the same thing and expecting to get a different result mary shapiro who was the head of the f.c.c. left and as a parting gift like you get on the television show i'm waiting for mine by the way i guess it's gold bullion so. i gave j.p. morgan and goldman sachs the right to control eighty percent of the physical copper markets this was signed off on in december now that's extremely troubling because that means that they'll have basically a monopoly on the copper market which is probably one of the biggest industrial metals in the on the planet that's necessary for everything so does there need to be an investigation yes there needs to be an unbiased investigation into this warehouse scandal because it's a gigantic scandal most next year remained a point that you commodities in the world are sacrosanct to a degree copper and wheat and that are both very fundamental to the way the global economy works and that governments have been protective of these two commodities in the end because they realize that if they let a goldman sachs or j.p. morgan into manipulating copper market over t