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Part of oklahoma, because one of the senators from oklahoma, the nra's a rated tom coburn was being aggressively courted to co-sponsor a bipartisan bill in the senate for universal background checks. today we learned that that effort has failed. tom coburn will not be signing on to the universal background check measure that is set to be introduced in the senate tomorrow. the one that 87% of his constituents support. he is going to give the one-finger salute to 87% of his constituents in order to do what the nra wants him to do instead. "the washington post" reporting tonight that negotiations...

That divestiture during apart hide, think think are plenty of stocks can invest in without going to the oil companies. >> what is wrong with oil? >> these are some of the best companies to invest in. exxon is one of the last aaa rated companies. they pay dividends. if a lot of people look at the retirement funds they are invested in it for a reason. it is a stupidest thing, even they use fossil fuels at some point of a day, or to go to a phish concert or get on the ipad. they all use it. the oil companies, they pay a lot of taxes. they fund the welfare state. this is unfair to future students ...

We talked about that in one of the early segments. and after the debates in which the answers were so lackluster, he decided that he was going to take action on his own and start a super pac, and spend money to influence policy around this issue. so, he -- we, identified candidates who had been a-rated by the nra. who we saw as potentially vulnerable running against people who would do a better job if they were elected. and we spent over $10 million to influence those elections. the particular race you ask about, long time incumbent congressman joe baca from california. >> who set next to you,...

Other clients and sold them. these are pension funds, by the way. they sold them as aaa rated guaranteed lock cinch positive investment results. so they were literally pitting the interest of two clients against each other and making money coming and going. >> are you referring to the senator's use of the word shitty which was contained in an e-mail that they discovered when they had a hearing with members of goldman sachs? >> that would be the word. >> yes. thank you. >> but it is amazing. they literally went both sides against the middle and made money coming and going. >> yeah, apologize fo...

Fix it. the whole idea of credit default swaps may seem a little daunting, but greedy bastards are loving that thing. swaps are an unregulated insurance policy. they're an insurance policy that bets on whether people, businesses, or even countries will default on some future stream of loan payments. it's like a way to bet on whether a country or anybody will pay their bills. it's made a little more complex because the bets are made in secret. we can't see who bet what with who. and if you're a aaa rated financial institution like a jpmorgan, you don't have to put any money down when you bet. a...