At all similar to the treatment that he is getting. Reportedly paying up to 70 million in fines. Remember that one . It resulted in more than 6 billion in losses. But with all of that, a very profitable quarter for jpmorgan. The white house says, some inquiring minds are just wondering. Because i do remember a time before it became the administration who signed it into law. The president thought that he almost had one of those fast pass to the oval office. That was then and washingtons tax policy would inhibit growth. And now this. Coincidental . Well, maybe. After all, jpmorgan did screw up that trade in london. Lets just say that washington is a little weird considering that it is now using billions of taxpayer dollars it is expected to result in more than 15 million in fines. Prior to the meltdown come at the dates are finally settling old scores. Who better to ask than a guy that was there during the middle of the meltdown firsthand. Independent senator, joe lieberman. It is good to see you. It is great to be here. I would say its coincidental. I would say that those two actions are more aggressive with this administration in different branches of it. These are big numbers. And as in criminal cases, some people would do the same thing as another person. Getting much more onerous penalties. So maybe that is at work here. Neil so he was a leading heart of the treasury secretary and he started speaking out. Other firms are scrutinized but not to the degree of this. Lets just say that i hope not and i would have to see some real evidence. I can say that im not sure im welcome of the white house, so i dont know if jamie dimon is welcome. [laughter] i dont send out invitations the invitations from the white house. But he is a leader of the american economy. Neil he personally was exonerated and he wants to move on. And right now they are going after us. So how do you disavow that concern or remind him that yes, they are coming. I would say generally speaking. Not to pick out smp or jpmorgan for what they did. Not to punish them for what they did. But generally speaking is the regulatory agencies of the federal government of the Obama Administration going after wall street generally. And any businesses. Neil it could take five years, and i wonder why now, everyone is doing is doing these look backs and they dont want to be seen as this. They dont want to be seen in this way. What can i say . I hope not. Many of the cases do take a long time because there are lawyers involved. And the people on the receiving end of the charges try to put the law into this so they can do better. But i think that we have seen a turn of a corner here, and i think it will be very proactive with the enforcement and regulation of this administration. It already has been, but its going to pick up now and i would like to think that that is what it is until somebody can show me evidence of the contrary. Neil do you think that there is any risk . Lets say you are right and hope springs eternal. That these very fines could hit these businesses just as they are getting their sea legs. We party scene bank of america, wells fargo, laying off thousands from their mortgage lending businesses. Clearly they said something is up or not up and maybe its gone too far common defense, whatever you want to say. So its kind of like the walking wounded now. That could happen. You have to be careful. Jpmorgan is a very healthy company, so it can handle it. This is a big whack, even for a big Profitable Company like jpmorgan. Im just not sure its even within this. There is a certain capacity of regulators that can consider Something Like this with the capacity to pay. I dont know if they can consider that influence on the economy or not and the penalties that they impose. But they ought to. Because that matters to all of us. Neil would you envision, say five years ago, that we would be where we are today . Well, five years ago today, everyone was stunned. Im not sure where we were going, although if you look at history, back five years ago today, if you look back further than five years, you would have guessed that we would be in a stronger position today than what we are. We have come along way and we are out of the worst of it, a lot of key sectors in the economy have improved. But it is still a mixed picture and a percentage of gdp is not where we hoped it would be. Unemployment has remained unusually high, almost historically high for a recovery. Part of this, as you well know, longterm unemployment, a lot of the folks are not going to get anything like their old jobs back, there would have to be retrained. So i would say now you have concerns, which we are just hearing about, consumers pulling back a bit. Mortgage rates are going up a little bit, consumers are spending a great driver of Economic Growth in our economy. So we are out of the hole, but nowhere near historically sensitive economists predicted that we would be in better shape. Neil i remember that. He said that if we do this, we will be better. And its an interesting discussion. People think that we are going onto another dive. But i think that we are going to continue to bumble along like we are now. Gdp growth is not what it should be, too much unemployment. The big variable remains the government. The people in washington can prove that they can Work Together to do something good for their country, if they tackle the skyrocketing growth in entitlement spending, good luck. Politics will stop that and as long as it does, not only the public, but there is important businesses because they dont know what the future holds. Sumac it is always good to see you. Thank you. I will try to recognize your opening. Neil thank you. I remember at least two of the lines. [laughter] neil thank you very much. Meanwhile, after the shooting, you might start getting ready for more government targeting. It could explain why they are turning for shades of darker red. You can see it on there. As mrs. Davis teaching . Spelling. Thats not a subject, right . I mean, spell check. Thats a program. Algebra. Okay. Persons a and b are flying to the bahamas. How fast will they get there . Dont you need distance, rate and. No, all it takes is double miles. [ all ] whoa. Yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. Youre the worlds best teacher. This is so unexpected. Whats in your wallet . Your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ male announcer ] join the nearly 7 million investors who think like you do. Face time and think time make a difference. At edward jones, its how we make sense of investing. [ male announcer ] now, taking care of things at home is just a tap away. Introducing at t digital life. Personalized Home Security and automation. [ lock clicks ]. That lets you loser to home. Thats so cool. [ male announcer ] get 100 in instant savings when you order digital life smart security. Limited availability in select markets. But it doesnt usually work that way with health care. With unitedhealthcare, i get information on quality rated doctors, Treatment Options and cost estimates, so we can ke Better Health decisions. Thats health in numbers. Unitedhealthcare. Neil we are now hearing that aaron alexis was hearing voices. And after his deadly rampage, we are hearing some very familiar cries, stepped up security, us up to surveillance, stepped up government everything. Seizing on a tragedy to recount havoc on our privacy. Somehow i am not surprised. And somehow i dont think that the good folks watching are surprised that the guncontrol folks reared their heads immediately. Washington dc is the most antigun city in the United States of america. If you work for the navy and you work in the naval yard, you cannot take that gun from your place of work to your home lawfully in washington dc. You can only have it in your home or your place of work. And bill clinton in 1993 in the interest of Political Correctness banned weapons from military bases in the United States. Can you imagine these folks had weapons yesterday . Imagine if they had weapons of four had three years ago. Major to in the dollhouse on wouldve been killed before he squeezed the trigger there were only ordinary military police on site and other police, several Police Outside of the building. Neil for those to say that you need to crack down on better surveillance, none of the abuses that you have already seen, you have cracked down as hard as this guy, so what good have they done . They can treat all of the email and all of the tweets and all the phone calls and they wouldnt have caught this guy because he knew how to outfox him because he used to be in the navy. The only thing that wouldve stopped him with more firepower. Who would you trust more firepower than people in the military who are required to reach a certain minimum level of competence, which is a very high level by civilian standards in order to carry a weapon and bill clinton said no and george bush didnt change that. Barack obama didnt change that either and now we have these tragedies. Neil now we are tightening security measures and taking a closer look at our Government Centers and whos doing what the id card, we visit the stable issues that lose sight of the real issues out there. But none of these systems seem to follow up. He is a crazy person who does the system, how to get around it, it will be impossible to stop 100 of the time. The government has recognized that for a few only thing that will stop him is someone on site who is trained to do so. We can possibly have enough police. Im talking about ordinary people. In this case military people and civilians are licensed to carry a gun. But the dc government cannot control comes on federal property. You can control who series guns in washington dc and there it is draconian against it. What could he have the highest murder rate in the country, the city without guns, the district of columbia. Neil thats amazing. We have been getting a lot of this. In the meantime, forgive this guy having trouble wrangling in the tea party. What about this guy . Having a heck of a time with liberals . That i would like to see thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. At od, whatever business youre in, thats the business were in. With Premium Service like one of the best ontime delivery records and a low claims ratio, we do whatever it takes to make your business our business. Od. Helping the world keep promises. Something big is coming. Something really big. Something that youve never seen before. Its not just television, this monday everything you know about tv changes forever. Im telling you, this will be bigger than the super bowl. Well, maybe not that bad. But, trust me, it is big. This monday it begins. Neil thats right, this monday, thats all am allowed to say right now. Set your dvds and youll have to see for yourself. If you miss it, you miss the evolution of a revolution. Or the revolution of an evolution. I have no idea what i just said. In the meantime, the president at a crossroads. Democrats can prove an even bigger issue with a potential government shutdown. They will let you decide. That is a problem when your friends are beginning to say that you, mr. President , you are the problem. Yes, if you remember back in 2010, a lot of these states were running for reelection and they were opposing obamacare, putting out ads saying that i would not vote for this, i dont support it, and this communication strategy has been called into question. You have a lot of democrats and those who are more moderate group went a step up to the plate. I dont think that is particularly out of the ordinary. This idea that everyone on the left should agree. Challenge the president , challenge the person in power. Neil so there is nothing unprecedented about that. But its pretty much just you. [laughter] we are watching report after report about how john mayer cannot pass a budget. And its like i cant reveal my opinion on that. [applause] is it your sense that we have lost sight of this with the democrats . Im very happy that the democrats have talked about this with the fed. Im very happy about this. Neil a lot of female comments . No, not a lot of female commentary. The gop establishment come i think its accurate. On fiscal issues and social issues potentially. It is talked about their are some of the more moderate democrats, barack obama, and that is a good point. If you look at the republican primary, hillary clinton, barack obama, which i think it is something we can agree on toward the end. It was do you want to move onto sort of a groundbreaking presence. Neil would not also be correct because a lot of hardcore liberals did like the moderator. They released yelling about this. And i think that this is actually pretty liberal compared to what it could be. Just. If you look at the republican primary, that is part of the policy. Mitt romney was considered as leftist and you are seeing this by the likes of rand paul. Neil bethink frequenting be the democratic nominee . Im not even going to guess. Im willing to wager a double quarter pounder on it. [laughter] neil natividad. She will not be the nomination. I dont believe she will be the nomination. It looks good up close, but far from good elsewhere. Neil there is a consensus that developed from a point of view. It is an even different view of the moderate left, which is going to cause problems. All of my friends on the far left actually agree with you. They are very unhappy. You can look at the policy on syria they dont want our involvement, they dont understand the policy. So i think on the number a number of key issues you will see that with obamacare with the potential of the individual mandate. A lot of democrats will sit and say, should we support this delay. A lot of our constituents will support this and where we stand on this issue. Second its more pronounced. Its something that the media doesnt like to talk about because i want to prevent this on the left. Everyone disagrees. We are pushing forth an agenda that is middle class and many dont know what theyre doing. On both sides of the aisle we have a fight about policy going on. Rogers said that the Democratic Party has never been this way until recently. I truly believe the Republican Party is not controlled by the John Boehners of the world, and going back to our original point, its that you have people that are telling the speaker of the house of representatives in his own conference that you cannot get a continuing resolution from the budget. Neil why do you say that, you said that you moved on. Im saying the republicans are much more unified. I did not feel sorry for john boehner. I feel bad for him because i dont even know what he wants. He cant control his own conference. Neil ladies come i want to thank you. In the meantime, five years after the bailout. From the beginning, one of the two that spoke out against that bailout. That is not sitting well with a lot of my guests even now. A difficult, difficult sales job. We saw the stock market fall a almost 100 points. Joining the 600,000 have lost their jobs in the last eight months nascar is about excitement. But tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. The pursuit of a better tomorrow is something we all share. But who can help you find your own path . Who can build you a plan, not just a pie chart . Who can help keep your investments on course, whatever lies ahead . That someone is a Morgan StanleyFinancial Advisor. And were ready to work for you. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Neil remembering how all of this rescue went down. A lot of people now saying what they thought was a mistake back then. If memory serves me right, i think that i was about the only one saying it back then. Congress shooting down a Financial Rescue package. Its not what wall street wanted to see. I think that there is a bipartisan effort underway to maximize the number of votes that we can get this package. Neil frankenstein was a monster. This packages monstrous. The package that they say will make america stronger. Its another step in trying to resolve the crisis that we have. I know that we dont buy this. I love you, but sometimes we need to disagree. 700 billion in the bailout that you call it. It will not end up costing 700 billion, it could very well mean that the government might make money. Im not predicting that at all. You are saying that we need this. Neil i really missed jack kemp. After all of these rescues are out of the woods, Austan Goolsbee insists that you will still stand by that. Is that correct . Yes, you remember that you and i talked about this. At the time i felt that we had to do a rescue to prevent a depression. You know, a lot of them have the problems that we said. They had three or four weeks of what this was going to be even after it was passed. And i think that we had been living with that in conveying it to the world that we really dont know what we are doing. We are just kind of doing it on the side. We are going to be living with that for several years the. I remember this under president bush. But be careful what you wish for because you just might get it. Other industries feel that we should be helped out and they should help those with College Loans out. It could go on and on. The advantage really pegged at 85 billion worth of nicotine that the Federal Reserve is providing