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Mandate, always. you force somebody to do something, then something else will happen. you see this as a widespread thing, everywhere? >> sure. one other example, the card act. everybody was so mad about they're charging high fees for writing a check or credit card. we outlawed this. we helped you. i think it was bipartisan. the result is that credit card interest rates went up 2%. >> bill: don't they have a cap on those interest rates? >> no, 18 or something like that. >> bill: they went up to 15 from 13%. >> bill: the government forced those companies to bring their fees down, this raised the...

Mandate, always. you force somebody to do something, then something else will happen. you see this as a widespread thing, everywhere? >> sure. one other example, the card act. everybody was so mad about they're charging high fees for writing a check or credit card. we outlawed this. we helped you. i think it was bipartisan. the result is that credit card interest rates went up 2%. >> bill: don't they have a cap on those interest rates? >> no, 18 or something like that. >> bill: they went up to 15 from 13%. >> bill: the government forced those companies to bring their fees down, this raised the...

Counterpart hamid karzai met on the sidelines in chicago today. two leaders discussed afghanistan's post war future. karzai thanked americans for helping his nation move toward peace. >> a rare solar eclipse is set to happen tonight, called the ring of fire, moon will cover the surface of the sun bringing a bright circle of light. people out west will get the best view. mark zuckerberg has married his longtime girlfriend in palo alto california. it came as a surprise to the guests. they thought they were attending a graduation party for her who just graduated from medical school. >> check out ...

Should you take advantage? >> yeah. the credit card issuing community now that they have fully absorbed the card act in dodd frank are realizing they need to get back to business. one of the ways they get back to business is to focus on consumers other than the fico750 and above which means they're going deeper and deeper into the risk pool which means they're mailing pretty aggressive offers to consumers who even 12 to 24 months ago were not having any access to capital or any access to credit cards. why? because there's fantastic margin if you can manage that particular consumer properly and...

Dismissing the possibility that banks can be as opportuneists with all the fees. >>guest: when you pass costs on in business and we predicted with the durbin amendment passed that would be passed and we are seeing that and we lost 3,000 jobs in south dakota in the financial services because of the pass an of the card act and some because of the takeover of the student lending business by the government and, so you just see all the policies coming out of washington that are making it more difficult. >>neil: then, senator, isn't it risky for a u.s. senator of either party, of any party, to, then...