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Controversial policy that may take a serious toll on companies trying to plead guilty to charges. until now hose companies could plead guilty in -- now those companies could plead guilty in court without admitting wrongdoing in other places, no more. a shot in the arm of justice or shooting u.s. companies in the foot? brenda, what do you think? >> i'm not so sure this is such a great idea. the sec goes after publicly trading companies for insider trading for fraud, accounting problems. it gives money to the -- it can go after money for -- pay it to the victims the companies don't have to admit...

Could i have done more? no. >> joining me now from tallahassee to react is peter sweitzer, the author of "throw them all out." good morning to you. >> good morning. great to see you. >> good to see you. when you hear barney frank take absolutely no blame at all for the financial crisis and fannie and freddie. what's your reaction? >> well, you know, denial seems to be a common affliction in washington, d.c. i don't know if it's in the drinking water or if it's something blowing off the potomac, but he is in complete denial on this. he was at the epicenter of power in the financial services ove...

Firms and the power will reach beyond that because they could threaten to call other firms that aren't systemically important systemically important if they don't take a few changes. the biggest expansion -- it's the biggest expansion of power of government i've ever seen. jon how do you address that problem if in fact it's a problem? >> well, i don't think it's a problem. first of all, the fannie mae and freddie mac, by the time this really was beginning to reach a crisis level, were pulling out of the market, because of their own accounting problems. but let's set that aside. the fact of the...

>> a lot of people in washington tonight, a lot of people not happy and a lot of people trying to get their position heard and we're live with the historic vote beginning and you heard both sides talking about cost and they sure have different numbers and who is right and what is the real cost to the bill? liz macdonald, stocks editor for fox business network and i'm sorry you are not in the wind with me! tell me... i'm about to blow off the roof, i need combat pay for this one and who is right and who is not? i'm confused, one says 2.3 trillion and one says $940 billion. >> i think the congre...