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>> neil: they carried that a step further by calling you a granny killer. >> that's the point i was making poig even the spot with the guy that looked like you throwing granny off the cliff. did that bother you? >> you can't make this stuff up. this is why we're getting the downgradings, because they're seeing a leadership deficit in washington. point i made to the president, demagogue these issues at your own peril. >> neil: what did he have to say? >> not much. >> neil: do you guys even like each other? >> i don't know him well enough. i like him well enough. he's t president of the united, ...

Here's something that probably won't please many people. the fed will monitor executive pay to make sure there aren't too many incentives for executives to say too much risk with their banks. >> sure. >> so great, some person you don't know is going to say excuse me, steve doocy, high ranking c.e.o. with the expensive suit, too much risk. i think i'm going to curtail your pay and your incentives. that's a little odd. >> i think it's odd you think this is an expensive suit. what's interesting, though, is how could they up on capitol hill address fixing the financial industry and not address fan...

Financial reform, senate republicans showing a united front as democrats try to begin debate on new rules for wall street and financial institutions. the gop, blocking debate on the measure in a vote last night, 57-41. democrats need 60 votes to move forward. let's talk with republican senator jim demonth of south carolina, member of the senate banking committee and joins us live from capitol hill. senator, good to see you. >> good morning. gregg: i'm sure you saw "the washington post" poll that came out, two-thirds of americans want stricter federal regulations of banks, financial instituti...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.