to call too big fail. we should be debating how do we end a taxpayer being on the hook for these institutions. i yield back. >> thank you, mr. scott for two minutes? >> thank you very much. i think we need to make sure that as we look at the situation we're in today, the results of our financial crisis from a few years ago, even a jpmorgue be chase situation. that we've got to do everything we can to make sure it doesn't happen again. that all of that takes into consideration. but i caution on this point. i think we need what i would refer to as a delicate balance here. we need to make sure we have the regulations to make sure this is not dodd-frank is in place to do that. it is an excellent framework. it put the fcoc in there so it could marshall our efforts for stability. there is no assignation for sifis within the dodd-frank bill. we leave those kind of threats in identification to the fcoc. and i believe the crisis we had a few years ago, the jpmorgan situation got to be avoided. but we got to make su

>> you too. >> oh, boy. >> you might need a tissue, too, for the story of two kids braving cancer. >> it's one of your worst fears. making friends, and they'll be your favorite. >> see how they're toughing it out together. >>> plus, demolition derby from the inside. and paper. it's what's for dinner. >>> nick is going to get our show started, with our first video and the story behind it. >> soccer fans are known to be pretty passionate. this guy on an air tran flight brought his passion on the plane. >> what's going on? i wanted -- [ bleep ]! ah! >> passengers on this flight from london to toronto say this man appeared to be very drunk. he was celebrating at a soccer game at the chelsea match, chelsea won. >> y do you hav -- you [ bleep ]! >> the flight attendants and other passengers tried to retrain this guy. by now, nick, everybody knows you can't cause a scene on a plane. how annoyed are you if you're just trying to get home or get on this flight so you can connect to somewhere else? >> get off me! him off me! >> according to the poster, three men and five attendants tried to subd

too quiet... too serious... like rebecca. she is a serious person.next semester or you could study like mad and go for it. i'd like to try to take the exams. well, i do admire your spirit. i want to get her to lighten up a little, so i asked her to come with me to the moles audition. you know, get her nose out of the books. getting out there is part of learning. ( rock music playing ) he's tied up right now. wait outside. but rebecca only has one thing on her mind-- her exams. i have a feeling she's given up a lot to be in school. there's a lot at stake for her. have a terrific life in san francisco. thanks. i'll give it a shot. don't get me wrong. i think rebecca's very cool. she knows who she is and she knows what she wants. i have something here to cheer you up. tickets to the san francisco opera. best seats in the house. they're doing amahl and the night visitors. you know, the night visitors are the three kings and they're following the star to bethlehem. that's very nice of... i'm sure you'll enjoy it. i'm sure i would too, but i can't make any

it's too expensive. chipotle up 847%. apple third.a better sense of what that means, if you invested $5,000 in whole foods when danny came here and we created this index, $5,000 goes to $48,350. "squawk box" guest who says you can't beat the index funds, well, i think you can. it's amazing how these companies have prevailed and thrived in tough times. particularly by being managed better and thinking about these ethereal issues in business terms. let's go through the index. for the group like costco and bed bath, hospitality is all about creating a treasure hunt-like experience that keeps shoppers coming back for more, something carl quintanilla explored in the costco documentary on tonight. it's also about putting your customers and your employees first, before shareholders even, because in the long-term, that builds a beloved brand which only creates more value for shareholders. and costco is the master of understanding this virtuous cycle. amazon is online and also highlights the value of convenience, making it as easy as possible

i love life too. and he says, i'm an artist too. and i like to draw things that inspire my life. >> and this collection, how many pieces are there in it? >> well, i have -- we have 98 pieces. other people have some. and there's about -- maybe there's about 20 of these pieces i draw he did artwork on the other side. i made special paper so if anybody got it they couldn't counterfeit it. so he ran out of the paper. that's why he did artwork on the reverse side. >> some here, the martin luther king picture, abraham lincoln. he loved former presidents. >> he loved abraham lincoln. he loved freedom. he loved the whole aspect of people being free. being able to create beautiful things to inspire people like he wanted to create his music. >> he had a strange obsession with the number seven. and with chairs. now, tell me why those two things are in the pictures all the time. >> well, michael was a seventh child. he -- his name had seven letters in it. he would always talk about that. and, you know, the number seven means completeness in the

. >> and fired for being too hot? >> she was working in a show room for women's lingerie where they sold thongs. >> hear from the woman being called a distraction. >>> all right, we're so glad you're with us. this is a holiday weekend, of course, memorial day. so it's so much more than the unofficial start of summer. it's a time we take to remember america's military men and women who aren't with us anymore, those who died while serving our country. so i've invited kim ruacho to join me here tonight, a military spouse and a mom in a military family. you're about to find out why i invited her. kim, welcome tonight. >> thanks for having us. >> and our focus tonight is a really delicate one, the rising number of men and women in uniform who commit suicide. last year alone, the pentagon says 278 people just in the army, active of duty, national guard and reserves killed themselves. that is way up from a few years ago. then a few months ago, this man, general dana pattard, now a two-star general, a commander of one of the

the truth is, i've got far too many methods, far too many ways of picking out great stocks to ever cover all of them in one show. but i want to give you tools of my trade so you can start to pick stocks like yours truly on your own, or do better than i am because you don't have to follow as many stocks as i do to be successful. remember, i've got to be a generalist on "mad money," trying to cover as many stocks as i can. you have the better luxury of researching what you own or are thinking of buying. at the bottom, this show is about educating you. giving you the ultimate insider's perspective on how the market works and can make you money. i'm not here just to dole out stock picks like the proverbial fish you give a man if you're too lazy to teach him to shop for them at whole foods. what i like to do is empower you. that starts we me teaching you all the many tricks to pick out great stocks and trade them like a pro. methods that have served me well for over 30 years of investing and that allowed me to generate a 24% annual return after fees at my old hedge fund. these skills are what

they're too loud, too ghetto, to black. positive representation on reality shows? that's not really what it's for. i think it's odd when i hear that. >> i think part of@.hat people are saying is there aren't that many black shows period. we're only going to have four, do we want them to be "tanya and toy yeah," "basketball wives." >> white people can have "jersey shore" because they have the news. >> i have to challenge you. in the realm of reality shows is there's a lot of diversity. the great thing about reality shows, we all realize we're all trashy and tawdry. >> if we're the primary audience and we know 7.7 million of us will watch the game which is a much more positive representation than "basketball wives," why are we making more shows like that? >> it's cheaper to do reality tv. >> this may not be the most intellectual thing to say, but i prefer reality tv over scripted television. i just do. it's escapism. it's fun, silly, like soap operas. >> does that mean we or obsessed with other people's business? >> it's not

it must be for you too. like -- >> they are. >> -- almost reliving michael. >> they're in school. and the two oldest children go to private school. the youngest doesn't want to leave home yet. so he take -- we have a tutor that -- a teacher there for him. excuse me. in school. and the oldest, prince, the oldest boy, is such a great student. >> is he? >> his grades are so good. they're a-pluses. >> do you see the spirit of michael in them? >> yes, i do. i do. >> how would you feel if they want to go? i mean, paris has already started down this road. if they want to go into show business. >> yes, paris does. >> do you feel pleased about that or concerned? >> well, i'm pleased and i'm concerned at the same time because i don't think michael would have wanted her to be out there this soon. but she wanted it so badly and she kept saying please, grandma, i want this. and so it was something she really wanted, so i just gave in and said okay. >> and how good is she? i mean, how talented -- >> she's very good. she w

if you are too big to fail you are too big to be a corporation. all from stories i have heard, honest stories, bank of america kick people out open street, closing up parents' house and general corruption and i learned what they are doings trying to destroy a mountain. >> why did they foreclosure the homes? >> because the people in the homes owe the bank money. >> what economic system would you rather have if place rather than capitalism? i have to say communism where you get free food, where you get free medical services, and that's provided by the community. >>neil: why were there no protests of these people? and their hats? >>guest: a lot of them are really people putting together to read about karl marx. million who would pay for the "free everything." >>guest: they say that is what happened with occupy wall street and it worked out so it should translate into america but they fail to realize occupy wall street went broke and new they are trying to revitalize the movement to get money. so there is no money there and they want the government to

regulations were designed to avoid such a debacle do the world's biggest banks still believe they're too big to fail. and . to cross-talk the fate of the world's biggest banks i'm joined by andrew schiff in new york he is an investment consultant for euro pacific capital and author of the book how an economy grows and why it crashes in london we go to sam bowman he's head of research at the adam smith institute and in san francisco we have robert good news that he is co-founder general counsel and policy director for green lining institute all right gentlemen crosstalk rules in effect that means you can jump in anytime on and if i go to you in new york do the banks still think after the debacle with j.p. morgan chase that they're still too big to fail i thought we got over that in two thousand and eight two thousand and ten well well well some of the banks are too big to fail and that's that's a creation of crony capitalism which is you're right i don't think it's a creation of capitalism but we have we decided after the compassionate the crisis of two thousand and eight that we were not

you already asked one, too. come on. >> when they made their breakout, there were a lot of other people that went along with him. now, did they -- the different brigade generals say you want to go? >> it was a case by case basis. the question is when nathan bedford forest escapes, he takes his own command but what about the other guys that went with him? about 800 to 1200 guys went with forest. how'd that come about? the question is, was it -- well, i'll just say. it was a case by case basis. word got out that forest was going to make a run for it, break out. if you had a horse, like if you're an artilleryman and you had a horse, get on the dang horse and follow him. if you're on foot, that's kind of tricky. a lot of guys would have loved to have break out but they were on foot. they knew they had to cross the creek down there and then once they even got clear of ft. donelson, the fear was being overtaken by union cavalry. a lot of guys didn't make the big choice, bold choice to escape. it really came down to if

and he said, no, it's getting late but it's not too late. [cheering] >> how effective a political a society is ann romney to her running mate? >> oh, she's wonderful on this kind of presentation. i've never seen her speak this way. i mean, you can't help but be moved by it and also it's fact provoking if a positive way for her and her husband. to me it's a total win for him and i think he'lling effective as a campaigner and helped by what hillary rosen said. >> and lots of -- there is a cultural war in this campaign. and the left is trying to say the democrats are trying to say there's a war against women, and there's an abortion will be -- the huge part of the fund- raising thing, and the hillary rosen episode where she said that the democrat advisor said staying -- >> okay, there's a subtext, now what? she's very good. but you know where she helped huge was in the primary. i know lots of women who said, i could not imagine kalista gingrich being the first lady. but thinking about ann romney being the first lady really warms my heart. so at

this is too complicated for them.e have known that this business is too complicated for wall street. they should get out of that business. jpmorgan should concentrate on lending money to farmers, whatever. that is the business they should be in. they should not be using my money to play in something that is too dangerous and too complicated for them they have about 10 times or 15 times the risk of a regular hedge fund. >> are you saying that they should be more regulated or be allowed to go bust when it goes wrong? >> both of them. i am against the centralized government and regulation. i was a derivatives trader for 20 years. what i want is the following, i once again in the game. people that make money, they should get a bonus if they make money. people should be harmed when they have the down side. hedge funds have that. the risks that are to risks, the gambling, they should be borne by the hedge funds. the banks, we are bailing them out because they are utilities. why don't we treated them like utilities? >> to do

kevin durant and russell westbrook too fast, too athletic and too good down the stretch, thunder won it 106-90. next up the san antonio spurs. now we go to boston the celtics have three future hall of famers and all-star point guard. game five belonged to bass, scored 18 of his playoff career high 27 in the third quarter. celtics win 101-85, they can eliminate the sixers with another victory tomorrow. >>> the magic fired coach stan van gundy, and otis smith. they're both done in orlando. is. >>> if you're going to talk the talk, walk the walk. devils did that. led by example, zach pa rissy with a goal and assist, game five tomorrow on the nbc sports network. >>> baseball the marlins are breaking in a new stadium and gm carlos statin is breaking things. ripped a grand slam off the left field scoreboard. dent it and broke some lights. this is why we can't have nice things. the marlins beat the rockies 7-4. finally maybe this guy was in the stands that score board would still be working. a red's fan caught not one but two home run balls, came on back-to-back homers. lloyd snagged one ou

"way too early" for this. >>> good morning. i'm willie geist. this is way too early. the light hitting show that's going to honor josh hamilton by striking out four times this morning. i'm glad you're up with us watching on msnbc or listening on sirius radio. shoot me an e-mail or tweet me. what are you doing up this morning or text the word awake followed by your response to 622639. we'll read the best responses later on in the show. the next 30 minutes will be your cram session for this wednesday, may the 9th. a lot to tell you about including new detail on the cia seizure of that bomb headed on an airplane from yemen to the united states. turns out the man carrying it was not a terrorist at all. we'll explain. >>> plus, i had this weird dream that vladimir putin was playing hockey one day after winning the election and silvio berlusconi was cheering him on. >>> here at "30 rock" in new york city at 5:30 a.m. we begin with the end of an era. senator dick lugar will not be heading back to capital hill. it was not close. senator lugar first elected in 1976 lost by 22

i guess maybe the bus was made of foam too. kid played frogger, that never would have happened. [ cheers and applause ] this is another seemingly horrible accident that turned out miraculously to be okay. now this happened in russia. you're going to see if a minute, there's a car broken down in the middle of the highway. the guy who driving the car, i think, got out, and you can see it turn into cirque du so lay. he did not see the car coming attule. bam, right into the air, onto the ground, and all he got was a broken leg. we hear so much about obesity and how bad it is for everyone, meanwhile, we're bouncing off cars like nobody's business. [ laughter ] so we had a new episode of "dancing with the stars" tonight on abc. but really, who cares now that urkel is gone? what's the point of even being alive? "dancing with the stars" would be a good euphemism for death. kids, grandma isn't with us anymore. 1450 she's "dancing with the stars." [ laughter and applause ] grandma's not dead. they instituted what they call a trio challen

morgan chase that they're still too big to fail i thought we got over that in two thousand and eight two thousand and ten well well well some of the banks are too big to fail and that's that's a creation of crony capitalism which is you're right i don't think it's a creation of capitalism but we have we decided that in the compassionate crisis of two thousand and eight that we were not going to let these banks fail because it was in our national interest no i disagree with that at the time but we essentially created a handful of banks that are too big to fail so they so they know. investors know the government knows that when if they get into trouble they are going to be bailed out j.p. morgan is one of those banks. and i think you know that what they were doing was you know the two billion dollar loss has been reported as far is not that great of a deal in terms of j.p. morgan's balance sheet but i think it's more symbolic that you have these banks losing money and they're backed by taxpayers which is a problem i don't think what they were doing is something that banks should not be

/israel relationship is simply too resilient, the palestinians too dysfunction at, the arab spring too uncertain. the sun, the moon, the stars aren't there. he may decide to go for it anyway. but -- because he's the president and that's what presidents do. >> thank you. danny, do you want to take up the second part of the question? or the second question as well? what happens in the obama administration in the second term obama administration as far as the middle east? >> i have no idea. you know. everybody made a great fuss about the president being heard on that hot night moment when he was to president medvedev of russia, he said give me more space, i'll have a lot more flexibility after i'm re-elected. it was obviously a foolish thing to be caught saying, but of course the truth is, as the white house very cavalierly said, well, that's true. and it is true. it's true for any president. so i guess the only question we have to answer is, what does that flexibility in the second term mean for this president? especially if he chooses to go into re-election with a vice president who wil

we support too big to fail. we want the government to take down a big bank like jpmorgan, and it can be done. we think dodd-frank gave the s.e.c. authority to take down a big bank. what it happens, the board should be fired, equity should be wiped out, and the bank should be dismantled, and the name should be buried in disgrace. that's what i believe. we need to put that back in the system, and we're working with regulators to get that back into the system. >> but you're the most outspoken advocate, saying there's too much regulation. washington doesn't understand it. you oppose the volcker rule which says just this, that a bank should not be betting its own money to perhaps enrich itself. it should only be trying to manage or minimize losses. >> that's all completely untrue. if anyone would like to check the documents that i actually write every year in my chairman's letter, which i write myself, i get help. we have supported 70% or so of dodd-frank. we supported resolution authority. we support higher capital

right not too big to fail that's the question prompting some lively debate among people who have guests in the latest edition of crosstalk. and you can. blow in welcome the crosstalk computable crony capitalism this is what critics call america's banking system again the world has witnessed the specter of a major financial institution reporting a tremendous loss for years after new financial regulations were designed to avoid such a debacle do the world's biggest banks still believe they're too big to fail. and . to cross-talk the fate of the world's biggest banks i'm joined by andrew schiff in new york he is an investment consultant for euro pacific capital and author of the book how an economy grows and why it crashes in london we go to sam bowman he's head of research at the adam smith institute and in san francisco we have robert good news that he is co-founder general counsel and policy director for green lining institute all right gentlemen crosstalk rules in effect that means you can jump in anytime on and if i can go to you in new york do the banks still think after the debacle

>> he's got a perm, too.t was give me a perm on jimmy fallon. >> they thanked you. >> i don't know. i think i'm going to run out of town. >> i see a lawsuit. that could potentially damage your reputation. >> it's definitely -- >> it is a little rainy outside but our first lucky lady is rose marie miller. it is her 58th birthday today. from woodstock, new york. after undergoing three surgeries in three years she decided it was time for an "ambush makeover" so she's been growing out her hair in the past year in hopes that she would be picked. let's take a listen. >> well, we love mother/daughter trips. so nice. i loved your sign. >> yeah. mom wrote it. i played hookie for a new lookie. >> definitely rhymes. it's mom's birthday. why does she deserve this? >> because she's been through a lot lately and she doesn't do anything for herself so i think it is time. >> everyone's crying already. do you want this? >> it's -- >> i know you're ready. you can't even speak. but are you ready to be pampered for three hours?

it happened too fast.is saying i'm sorry you have to go through this. >> i'm sorry you have to go through this. >> no. instead you say it's your fault. do you understand the difference? at my age to change everything, i am not strong enough to do it. >> you can't rationalize with her. you can't. she doesn't see things rationally. i convinced brian and andy and jack to come. >> i heard that. don't repeat anymore. i can't take it. this is abuse, mental abuse. >> i need you to be quiet for one minute okay? >> i want you to be quiet. >> listen, i will not drive the car unless you be quiet, okay? i need you to breathe. >> oh, stop telling me what to do. i am the mother not you. i don't want any lecture. if you want me to come down you be quiet completely please. >> we're all in this together. you have to eventually get this. >> i need that. what is it? open. brian, we need you. i am not strong enough to hold the refrigerator. >> it's all trash. what's under there? trash. there's nothing worth it. >> you don't g

these things are way too big, way too systemic. so we haven't fixed it, right?rogress. as i have said before with you guys and separately with andrew, i don't think it was just the size that was the issue. if you have -- if you broke up bank of america, you could break it into six or eight pieces and every one of those pieces would be bigger than bear stearns. so i don't think it was the biggest guys that threaten to bring down everything. it was this interconnection. we have made some progress in trying to separate those connections but i think we got to make more. >> austan, i want to go back to the hedging issue and figure out what is the right answer here. should you be able to hedge the risk? does it leave too much loopholes and gives the opportunity for abuse? should they be on the hook for it? they originally hedging and then they hedged the hedged because they screwed up and they didn't do it right. that's going to happen in a r y risky business, right? >> there's a rule in the tax code that says you can't dedubt your person -- deduct your own personal e

three is fine, but not too many. >> do you feel like it's hit too many? >> exactly.ow. that girl is going places. makes you feel dumb. >> i love that she was spelling antidisestablishmentarianism. i remember learning that word in fourth grade. boom! fourth grade. >> you are smarter than a 6-year-old girl. >> but i can't say biopic. >> announcer: this is abc's "world news now," informing

when we come in, the government was too big, but the private sector was too small. we had lots of jobs in finance, but not enough jobs in manufacturing. we had a lot of wealth concentrated in the south of the country, but not enough spread around the country. so we've got to rebalance in all of those ways. as we do so, we've got to try and help people more. we have frozen the cancel tax. we've lifted a lot of people out of income tax. we tried to help on things like petrol duty but i know there's more we need to do. third point from me, after dealing with the debt and going for growth, we're both in this to try and build something for our country that is more worthwhile than what we inherited from the last government. what we want to do is get behind families that work hard and do the right thing. i've lost count of the times that people have said to me, look, prime minister, i work hard, and i try and save for my old age. my wife works hard. she tries to do the right thing. yet we feel that we get punished for doing the right thing rather than rewarded. so i want t

you too. these are for you. [ narrator ] because medical care is expensive, hospital stays tend to be short. patients may still need weeks home care before they can return to normal activities. the hospital: a different world. a world that never sleeps. what are you all doing here at this hour ? you are early. so are you. we're early probably for the same reason you're early: to make sure the cafe is open as usual. the way mr. brashov would surely want it. do you know what mr. brashov would say to all of you, don't you ? yes. he would say "i am not paying you overtime for this !" and he would also say, "thank you." so, how is mr. brashov doing ? i spoke with the nurse a little while ago and she said he's doing fine. maybe we can find time to see him later when it's not too busy around here. i'm going to get something from the safe for mr. brashov. while i'm doing that you should all start working. henry, you can finish taking the chairs down. jamal, you can fill up all the salt and pepper shak

>> well, too early to say. too early to say.abel ray is only 6 weeks old. >> different from the last three? how does it compare? >> a little different and a lot more the same. changing diapers like a champ. >> the other three are his daughters with demi moore. the couple split in 2000. you've managed to somehow make your life work after divorce with kids. you've all stayed friends. how is that possible? >> if you just put the kids first, everything gets a lot easier and know they still need care and attention and love all the time. >> and put your own ego aside? is that part of it? >> oh, ego is dead. >> reporter: and, of course, he's coming back as john mcclane for a fifth time. >> welcome to the party, pal. >> why are you coming back in? >> the competition is with myself to try to beat the first film. >> did you ever take things seriously? >> yeah, probably. >> is this partly having a new baby? >> yeah, i am sure that's some of it. i just allow myself to not take things seriously and to not give it so much heat and give things

jason, they're too hard, they're too opaque. if they have adrs, i'll make the compares and we'll be fine. steve in california. steve? >> caller: hey, jim! boo-yah california in los angeles to you. >> man, my old city, my old hometown. how can i help? >> caller: well, i first want to thank you for getting me back in the game. i've been on the sideline for year, but i love your show and i'm reading your new book and i'm back in. >> that's what i want. you got to get the dividends going. you can beat bank. you can beat the stocks that don't have the dividends, and you can certainly beat cash. how can i help? >> caller: that's what i'm looking at. i'm looking at stocks that have good yields for my ira. >> very smart. >> caller: and i'm reading your chapter on dividends. i want to figure out the difference between an accidental high yield achiever or something that is too good to be true. i've been doing the homework, and i've got a couple of stocks that they look like they should be bought, but i'm nervous about them. >> okay, you g

too many companies doing well to toss up our hands. even if europe continues to damage the global economy, and it will, people, it will. what's the real leadership in this market? don't laugh. it's the domestic housing market. that's right, if a stock is involved with housing, chances are it's been or will be going higher. where do we start? how about with toll brothers? did you know toll is up 31% this year? how about linear, horton, they've still got room to run. these are national home builders putting up phenomenal sales and earnings. do you understand the implications of this move? don't let yourself to be distracted by spain. or the international banks as terrible as they are. housing let us down in 2007. it's since shrunk and we built a lower number of homes now, but when these home-building stocks hit repeated highs, that tells me things are changing. these stocks rolled over well in advance of the housing crash, now they're soaring well in advance of what i believe will be the housing recovery. that was unsustainable. i don't

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it's too identical. it won't happen. >> sorry, we cued the wrong tape, this is what i meant to play. >> i am honored to be able to be here to lend my voice and my endorsement to mitt romney has our president, to take the country back. that something to get excited about, it's why we must elect mitt romney has the next president of the united states. >> thanks congresswoman, it only took 119 days to come out and support, but who is counting. tomorrow romney will head to pennsylvania to try to get the endorsement of rick santorum, and the crucial sweatervest block. more manufacturing gop unity, togetherness, peace. i wonder if his endorsement speech will sound anything like this. imagine if mitt romney was around the the time we were drafting the constitution, he would have taken it up. >> if his record was so great as governor why didn't he run for reelection. >> he has been on both sides of every single issue in the past ten years. >> i hope that rick finds a way to burn this campaign add after he ran th

>> as far as the issue of too big to fail, i think too big to fail is too big to exist.n a protozoa, when it gets to saea certain size, i able to divide and the resulting two cells are healthier. given the fact that most of the folks up on wall street are considerably smarter than protozoa, you'd think they'd be able to do the same. reason the we want to do that, we neveren again want a situation where a bank could call washington and say, you better bail us out, because if we're going down, we're taking the economy with us. and we never want to be in a situation where any one bank has a lower cost of capital, because investors believe that it has a safety net, because if it ever gets in trouble, it can seek a bailout in washington. all banks ought to be part of the capitalist financial system. >> let me get dave schweikert back in. i think sherman's making some good points. and richard fisher, the president of the dallas fed, has said time and time again, and i think he said it today or yesterday or whenever, he's said it on our show, banks that are too big to fail, and

the bad thing isn't he went too far when he tried to work with -- the bad thing is that he went too far when he tried to work with residents -- presidents who followed him. they found they had to watch him carefully, so we have a number of them, whereas carter serves special missions for president but sometimes goes off the script. >> did anybody ever call jimmy carter and say, stop doing what you are doing? >> in 1990 when they were about to do liberate kuwait, carter thought bush was way out of line by sending americans to liberate kuwait, and he began to campaign privately behind the scenes, first with the un security council, and later with key allies of the u.s. coalition in that effort, getting them to stop the path toward war. the white house found out about it and told them to cease and desist. they think this was close to treason. carter is not the only person who has come close to treason in that club. >> you write up lyndon johnson was friendless. he had no friends? >> he was a huge personality and always wanted to have people around hammond, but coming after kennedy without

i thought it was too tough. then i got a call from fred hyatt, the editorial page editor at the -- i don't know if he was the editorial page editor or not. i'm not sure he had taken over, but whoever was at "the post" called me up -- >> "the washington post," uh-huh. >> -- and said for my next column did i want to write about roly, if not they would write an editorial. i thought, i better write an editorial. not that they wouldn't do a good job but i had some special things to say. i also gave the funeral eulogy at -- i was -- >> you write about that. >> yes, i do write about it. and i was not -- i was not his best friend. i wasn't even really his friend at all. we came from very different social backgrounds, but i said in the book, more like friends, more like brothers. didn't always get along. and i was touched that he wanted only two eulogyists other than the pastor of his church giving a is sermon, that was me and his wife katherine. she didn't want to do it. so i was the only eulogyists. she said, try not t