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Countrywide influence the people that bought the toxic assets. >> this seems to be one of the questions people about the financial crisis, the housing market. >> we hear about buying elected officials and very much a part of this story, but it's actually buying the currying and favor of non-elected, appointed employees at all levels whether it was the president of fannie mae or all the way down to people not much beyond the mail room but people who could do favors specifically for processing countrywide loans, that's beyond friends and family that most corporations have. that's about influenci...

Creditor nation. i inherited a nation produced more than it consumed. my mother and father built the highway system. i haven't adequately maintained it. one of the new issues in american politics is intergeneration aleckty. when they wake up and figure out how badly we burdened them. >> they'll be on the attack. a great conversation. thanks for getting up early for me out there and hopefully we'll have you on again. thank you for your time. up next, in today's "decision 2010," top house races we are watching and telling the story of campaign 2010. but first, today's "washington speak." mis...

Current economic circumstances. and making the point that an economy that was constrained by lack of demand like the present one, overwhelmingly larger effect of unemployment insurance to support spending, incomes and job creation. >> in a different economy what you wrote there doesn't necessarily apply is what you are saying? >> no. yes. what i wrote there is being taken a bit out of context in the excerpt you're using. >> all right. larry summers, great to have you on the show. we appreciate your time this mitt romneying. >> thanks a lot. all right. coming up, why bp's tony hayward may be ...

Elana kagan. who is her philosophy? >> prague gnattic and will be a pragmatic and consensus-building judge. she was a pragmatic an consensus building dean of the harvard law school and argued effectively as our solicitor general. i think she avoided trying to categorize the philosophy in if i way and prague mattism and consensus building core principles of the tenure. >> all right. senator, may be july here in washington but you have a very busy day in the u.s. senate today. we'll be watching it all. thank you for your time and views this morning. >> thank you, chuck. all right. up next in t...

Say that they will do. because it's even worse than the obstruction and their just say no attitude is what they would do to the country if they were in charge and telling us every day. >> all right. congressman, the man in charge with trying to keep the democrats in power in the house, thanks very much. seeing more on chris on sunday. the congressman joins david gregory for a first of its kind debate. the four senate and house senate committee chairs in the first joint appearance ever. that's this sunday on "meet the press." all four of them, first time seeing pete sessions in this forum so fa...