big news out of washington today. a long-running and fiercely fought battle has been resolved sort of shockingly in democrats' favor. simply by agreeing not to blow up senate filibuster rules today, harry reid convinced senate republicans to stop blocking a number of key white house nominees. perhaps the biggest, clearest democratic victory and frankly victory for american citizens. that biggest victory out of the deal for the first time there is now an officially confirmed director of the consumer financial protection bureau. new watchdog agency created under the dodd/frank financial reform bill, signed to law three years ago in which republicans have been trying to dismantle ever since. joining me to talk about ha this means for american consumers in the fight over financial reform and talk about other stuff going on in his life right now, former governor of new york, democrat eliot spitzer, running for office of new york city comptroller. a new book called "protecting capitalism: case by case." >> thank you for having me. >> you've been writing a lot about the ways in which dodd/frank fall short. the cfpb, this development today, what is it?