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What is your view about the level of federal regulation of the economy right now? is there too much? and in your case, mr. president, should there be more. beginning with you, this is not a new two-minute segment. well go for a few minutes and then go to health care. >> regulation is essential. you cant have a free market work if you dont have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldnt have people opening up banks in thei...

Making loans. you have to have regulations so that you can have an economy work. every free economy has a good regulation. at the same time, regulation can become excessive. >> is it successful now? >> in some places, yes. it could become out of date. whats happening with some of the legislation passed during the presidents tern. youve seen regulation become excessive and its hurt the economy. dot frank was passed and it includes provisions that have it delths banks too big to fail. this is the ...