Bogus Bill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nbc's ron allen has been covering the story and joins me live. with a good day you to. this poor kid. he was crying and quite traumatized wasn't he? >> reporter: he was. imagine being 3 years old and suddenly you're in new york city. you don't know where your parents are. you were brought here by a stranger, perhaps, and you're in the middle of a completely unfamiliar place. we understand he's doing fine today. he was taken to a hospital for evaluation and now he's in the hands of new york children's and youth authority workers who are taking good care of him. the odd part of the story is he a...

I want to thank you for your time. thank you so much. >> thank you, alex. >> appreciate it. the president is scheduled to travel to new york tomorrow to deliver a speech on financial reform at cooper union a few miles from wall street. cnbc's john harwood sat down with the president today and asked him if he thinks any reform that passes will have teeth. >> i'm confident that what we're going to see in the next several weeks is a bill that at the end enshrines that principle if you're going to operate with derivatives you have to make sure you are an open book and everybody knows what's goin...

Cops say what are you up to? they'll take you in. >> baptismal certificate to play football? really? >> how many times have we all ran to the store and forgotten our i.d.? >> there is really some misinformation here. >> okay. >> first of all -- >> senator pearce i'm out of time. give me one bit of thing you believe is misinformation. >> most of what she said is untrue. we have a civil rights provision in the bill. you cannot use race and ethnicity. we're simply taking the handcuffs off law enforcement and 60% of hispanics support this bill. 60%. the misinformation must stop. we're going to enf...

The senators and representative representatives. then they hammered out, and get into a ping-pong match. we are in the best case scenario, we are still weeks and weeks away. >> bill: there seems there are two that are not gettable. alaska and maine. >> the only question is do they want to continue with the process? the delayed repeal and replace, this is rand paul getting some revenge against his colleagues. this will help primary challengers in future elections. what they're really talking about is doing a bogus bill.

Nothing to do with bailouts. it's their money. it's a question of whether they up front the money into a fund so if there is a disaster it can be used or whether they wait until the disaster and then if their money is there to commit to resolve the problem. i don't think the fund is going to be there. it certainly isn't a bailout fund. the most important thing my constituents are asking for is they don't want to have a repeat of the last occasion, that is they don't want institutions to be too big to fail. the kanjorski amendment which passed the house is in the house bill which now passed the...