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By chris dodd on the hill because he believes it gets the federal reserve too much power and will institutionalize the bailout mentality we saw a year and a half ago. the white house is flatly rejecting that notion saying all this reform bill will do is set up systemic risk council so the government can keep a better eye and make sure the big banks don't get out of control and look at main street, not just wall street. senator mcconnell clearly was trying to tap into the anger about the growth of government and government regulation and all of these bailouts. >> never again, never again should...

Precipice, of being backed only by the federal government. and, that is what the bill that is before us right now, the dodd bill and the president's bill, whatever you want to call it, would in fact ensure is that a continuation of the bailout mentality and the federal government being involved in actually every aspect of the purchase of a home. so we don't believe that ought to occur and we think that there ought to be flexible and nimble operation and the government ought not to provide bailouts and fannie mae and freddie mac ought to be out of the business of the large coverage of the indus...

Working on this. bill: democrats and white house pushing forward and, the member of the house financial services committee, down there in atlanta, george, good morning, sir, what is wrong with -- >> bill, great to be with you. bill: we know what the -- the economy, the carnage left on the floor the past two years and why not crack down? >> there is a lot of sus spifrp on the part -- suspicion on the part of the american people, with the government taking over companies and what will they do in the financial sector and the bill on the table the one the president supports would continue the bail...

You that they want to see done with regard to financial reform? do they want to see the big banks reined in? how concerned are they that we could have another meltdown with these banks that are too big to fail? congressman, i'll let you begin first. >> i think on both those points what we received calls on, they do not want anymore bailouts and they're concerned about the financial crisis we're in. that's why i think they have a right to be concerned with regard to the bill in the senate right now. it basically puts in statute, puts into law and perpetuates the bailout mentality. it allows in ...