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Plan that is similar to the one we're trying to enact here and that people in his state are overwhelming in support of it. >> the interview i just heard is spent, campaigning. i thought campaigning was over. are you trying to tell me and the american people that scott brown got elected campaigning against a washington bill that really is just like the massachusetts bill? the american people are getting tired of this crap. if they do this, it's going to poison the well for anything else they would like to achieve this year or thereafter. >> okay, nen. welcome back to "morning joe." it's the top...

Says -- learning from lehman, surely those whose job it is to analyze and supervise were alarmed, weren't they? according to the report, ratings agencies, government regulators and lehman's board of directors are no clue about the gym ibs? the result is we were all blindsided and we could be blindsided again. congress is not even close to passing meaningful regulatory reform. surviving banks have only gotten bigger and more politically powerful. if the report is not a wake-up call, what could be? andy? >> first of all, we can talk about the dodd bill. i think that's about pitch foreca forks an...

Back into the bankruptcy. i don't know there's a criminal charge here. what we see is dick fold, the senior management of lehman brothers manipulating the balance sheet but doing things that are legally negligent. one accounting gimmick, repo 105, we won't go into what it is but it passed muster with the auditors and i don't think anybody's going to jail. will there be civil penalties? yeah. based on this, nobody is going to jail at lehman brothers for what happened. >> shepard: the accusation basically is they hid everything so examiners and the board and everyone else wouldn't know what was ...

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