. >> host: you dedicate the impeachment to warren harding. >> guest: i think warren harding, hi am told ronald reagan was called -- pears another iconic republican, it is lincoln. harding is the iconic republican for the clinton administration. i'm surprised no one has picked up that comparison of bill clinton, big lovable lug of a casanova and harding, big and amiable, they were made for each other. >> host: three of your book use the term crackup. why? >> guest: i introduced the term crackup into politics as i recall, scott fitzgerald introduced it into general fiction writing. i introduced it into politics because i see a lot of crackup taking place in american politics. but i am surprised people didn't notice bill clinton really had cracked up. i started that book -- an ended the book with an investigation in the sixtieth birthday party. here is a man who argued with me in public at the jockey club and blew up at me and screamed at me. it was like tinker bell. ahead to tell him please sit down, you are going to ruin this wonderful evening you are having with your wife. but when i sa

quite different i record the deathbed statement of well more imperial officer a duck president warren harding into the klan and a ceremony in the green room of the white house. and said he was so nervous that he forgot about the left of the car and the president harding had to stand for the white house bible as a token of appreciation president harding gave all the members a license to so they could run red lights without being. the next step and really was one of the pioneers and getting the klan to lose credibility on the national stage and on making this an acceptable behavior that people who are in politics and then the police and whatever they should not be part of this method actually of terrorism. when the civil rights movement essentially it was successful the klan really did fade away. what they call the fourth era klan when it came back was the clan of david duke which peers in the late seventy's and really david duke was all about the idea of kind of let's get rid of the ropes let's put on business suits let's hold meetings and motels we need sort of get out of the cow pastures and

. >> host: and, in fact, you dedicate the impeachment to warren harding. >> guest: yeah. i think warren harding, i'm told that ronald reagan has called the icon -- if there's another iconic republican, it's, it's lincoln. i say that harding is an iconic republican for the clinton administration. and i'm surprised that no one has caught on and picked up that comparison of bill clinton, an amiable, big lovable lug of a cassanova and harding, amiable, handsome, big, lovable lug of a cassanova. they've both, they were made for each other. >> host: three of your books use the term "crack-up." why? >> guest: well, i introduced the term crack-up into politics. as i recall, scott fitzgerald introduced it into, into, into general fiction writing. but i introduced it into politics because i see a lot of crack-up taking place. many american politics -- in american politics. the clinton crack-up, i'm surprised that people didn't notice that bill clinton really had cracked up. you know, i started that book with, well, i ended the book with an investigation of clinton in toronto at his

they won't go to nixon or warren harding. they are pretty much stuck with ronald reagan which is not so bad. i do know that many of those people not only didn't know him but never met him and yet they are speaking for him. i am very reluctant to speak for my father on any specific political sense. i don't know what he would feel about today's issues. he left the scene a long time ago. presumably his thinking would have evolve with the times. i don't get into he would want taxes to be lower or repeal the health care plan or anything like that. i don't know what he would feel. i feel confident that he would be very distressed by the little of vitriol we shear these days. he was a very civil man and a gentle man. a lot of stuff directed at the white house and the bursar nonsense and of that stuff, he would find that beneath the dignity of our country. there are a couple things, he would be distressed by the recent effort to stalled the start treaty because that was the big thing for him. jon kyl and those people trying to hold i

clinton was one had to the presidency several notches -- right there with warren g harding. the guy was impeached. he pled guilty to perjury himself. get a $25,000 fine and he can practice law in any court in the united states. >> host: hey, jim, who is your favorite contemporary president? >> caller: while by far, ronald reagan. ronald reagan, as far as i am concerned is first of all -- i think a fee, if you analyze his initial economic -- he faced an economic crisis, not unlike the latter bush and current president. >> host: all right, we got the point. tevi troy. >> guest: i've got to disagree with the collar. there's bipartisan disagreement. the bush presidency was an eventful president me. a lot of things happen with a the financial meltdown and 9/11. so is quite eventful and kept us quite busy at the white house. i do take what the caller said fiercely. he made some interesting points about that in this boat. one point he makes is that he didn't want to dump this on obama. he wanted to get this sorted out before hand. and i thought that was an important point. and the

warren. she is doing hard work to create this agency. saying is there are a number of trade-offs this agency will need to juggle. host: you were saying there are questions from others and criticism. guest: they do not exist yet. they have not done stopped yet. as they do, that will be the question -- how do they strike this line? host: they have one year to get this agency up and running backs -- running? guest: the question is the federal reserve. host: please explain the difference between big banks and local credit unions. guest: big banks are very large and have branches all over the world with $1 trillion in assets. all local credit union is a non- profit -- a local credit union t. a non-profit paren because they are not for- profit, a lot people find it more useful and pleasant. there are good vintages for the big banks. they have bigger bulls of -- that are good advantages for the big banks. they have bigger pools of money. host: mass., good morning. caller: one important factor that is left out of the discussion is what role the

warren. she is doing hard work to create this agency. all i'm saying is there are a number of trade-offs this agency will need to juggle. host: you were saying there are questions from others and criticism. guest: they do not exist yet. they have not done stopped yet. as they do, that will be the question -- how do they strike this line? host: they have one year to get this agency up and running backs -- running? guest: the question is the federal reserve. host: please explain the difference between big banks and local credit unions. guest: big banks are very large and have branches all over the world with $1 trillion in assets. all local credit union is a non- profit -- a local credit union t. a non-profit paren because they are not for- profit, a lot people find it more useful and pleasant. there are good vintages for the big banks. they have bigger bulls of -- that are good advantages for the big banks. they have bigger pools of money. host: mass., good morning. caller: one important factor that is left out of the discussion is what r

. >> well,le it's hard to get -- >> look, warren buffett came before us in new york and said he didn't think housing prices would go down the way they did. people who were supposed to bere gurus in this said they weren't aware of it. you have to read a clever book s by michael lewis if you haven't, "the big short," because he winds up writing a book about ce those three or four people who actually made money on it. i asked him, what about john paulson? he said, he's been around for a long time. he was a joke.e we all laughed at him. he had this view of what was going on. turns out he was right, but it was after the fact. if warren buffett didn't know ia was coming, how can you say very nonchalantly it could have been avoidable? th >> thank you. mr. malone? ms. maloney is recognized for, five minutes. >> thank you very much, and i welcome the panelists, particularly my former colleague, congressman thomas. very good to see you again. we >> thank you very much. >> i'd like to mention that one of my constituents is here that weue are very proud of. thank you her for her public service, he

. >> it's hard to get -- >> look, warren buffett came before us in new york and said he didn't think housing prices would go down the way they did. people who were supposed to be guru's in this said they weren't aware of it. you have to read a clever book by michael louis, if you haven't. he winds up writing a book about those three or four people who actually made money on it. i asked him, what about john paulson? he said, john paulson's been around for a long time, we all laughed at him. he had this view of what was going on, turns out he was right, but it was after the fact. if warren buffett didn't know it was coming, how can you say, it all could have been avoidable? >> i welcome the panelists, rticularly my former colleague congressman thomas, very good to see you again. i'd like to mention that one of my con sitstituents here, we'rey proud of in pointing out reforms that needed to take place. i would like to say, first of all, that i thought it was an excellent report. and my biggest disappointment in it was that it s not more bipartisan. i truly believe one of the best action