Page 9 - Con Men News Today : Breaking News, Live Updates & Top Stories | Vimarsana

reconsiders laying on the table. >> that's the house tonight passing h.r. 2560, better known as cut, cap and balance. now it's a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say they'll defeat it. if somehow they fail, president obama says he'll veto it. in other words, it's doa which is why a lot of democrats are calling it a stunt and ...

Latest updates on this topic from reliable sources.

To some extent i feel okay about anticipating. i didn't see the enormity at this of it. i didn't. i don't think this is a matter of regulation. i think this is a matter of people making bad investments. >> bill: okay. but the problem is for me and i think millions of people watching that we expect the federal government to protect us from con men. this was a con. it was a giant con. now, you are the guy in charge of the sec, christopher cox, who i know very well because i went to school in boston with him, okay? now, cox is a guy who is supposed to give you the heads up and say hey there, is s...

Anticipating. i didn't see the enormity at this of it. i didn't. i don't think this is a matter of regulation. i think this is a matter of people making bad investments. >> bill: okay. but the problem is for me and i think millions of people watching that we expect the federal government to protect us from con men. this was a con. it was a giant con. now, you are the guy in charge of the sec, christopher cox, who i know very well because i went to school in boston with him, okay? now, cox is a guy who is supposed to give you the heads up and say hey there, is something not right here. >> i thi...

In 2003, because of the implicit government guarantee and because we were worried about some of the investments that fannie mae and freddie mac were making that congress, much to our chagrin said no, we are not going to regulate. that's because they are very powerful entities. to some extent i feel, you know, okay about anticipating a crisis and the other thing i really didn't see the enormity of it i didn't. i don't think this is a matter of regulation. i think this is a matter of people making bad investments. >> bill: okay. but the problem is for me and i think millions of people watching, ...