Page 5 - Con Men News Today

reconsiders laying on the table. >> thats the house tonight passing h.r. 2560, better known as cut, cap and balance. now its a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say theyll defeat it. if somehow they fail, president obama says he...

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To some extent i feel okay about anticipating. i didnt see the enormity at this of it. i didnt. i dont think this is a matter of regulation. i think this is a matter of people making bad investments. >> bill: okay. but the problem is for me and i think millions of people watching that we expect the federal government to protect us from con men. this was a con. it was a giant con. now, you are the guy in charge of the sec, christopher cox, who i know very well because i went to school in boston w...

Anticipating. i didnt see the enormity at this of it. i didnt. i dont think this is a matter of regulation. i think this is a matter of people making bad investments. >> bill: okay. but the problem is for me and i think millions of people watching that we expect the federal government to protect us from con men. this was a con. it was a giant con. now, you are the guy in charge of the sec, christopher cox, who i know very well because i went to school in boston with him, okay? now, cox is a guy ...

In 2003, because of the implicit government guarantee and because we were worried about some of the investments that fannie mae and freddie mac were making that congress, much to our chagrin said no, we are not going to regulate. thats because they are very powerful entities. to some extent i feel, you know, okay about anticipating a crisis and the other thing i really didnt see the enormity of it i didnt. i dont think this is a matter of regulation. i think this is a matter of people making bad...

In 2003, because of the implicit government guarantee and because we were worried about some of the investments that fannie mae and freddie mac were making that congress, much to our chagrin said no, we are not going to regulate. thats because they are very powerful entities. to some extent i feel, you know, okay about anticipating a crisis and the other thing i really didnt see the enormity of it i didnt. i dont think this is a matter of regulation. i think this is a matter of people making bad...

Government guarantee and because we were worried about some of the investments that fannie mae and freddie mac were making that congress, much to our chagrin said no, we are not going to regulate. thats because they are very powerful entities. to some extent i feel, you know, okay about anticipating a crisis and the other thing i really didnt see the enormity of it i didnt. i dont think this is a matter of regulation. i think this is a matter of people making bad investments. >> bill: okay. but ...