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summer. ♪ it's hard to look like right at you baby ♪ but hear's my number. >> wow. well there's a surprising fact about the artist. "out front" next. the ceo gave us all quite a mental image today when he testified in front of the senate banking committee in washington about one of the largest bank in the united states has been open about hits multibillion trade losses. >> we generally are open kimono with the regulators and tell them what they want to know. >> open kimono, sure. but maybe he was open kimono about the things he knew about. but not about things he didn't. like how...

Education department, and save lots of money. >>neil: but i know they want to pull in the salaries. >> it just gets bigger and bigger, but never say get to that point. we do not need the education department, republicans used to say that, and they were right. >>neil: but the federal workforce, ronald reagan's efforts notwithstanding got bigger. >>guest: its tends to get bigger, jefferson it is the natural progress of things for government to grow. in washington, commercial real estate is up 15 percent this year, the rest of the country is down or flat. >>neil: and tomorrow night you will get i...

Collapsed that was upside, europe got bigger. china, we don't want them to collapse, we are in trouble if they collapse they own our debt, are our investors are going there. yet, the relationship is becoming very frayed. >> sean: good point. i have somebody that i know that does a lot of business with china. he said one day he a discussion and he said it is almost universal in their thinking that they believe america -- america's best days have passed. america is becoming like europe. and they are the emerging economy in the world that is their thought process. was that your experience? >> i t...

>> sure. when we were in cold war, with the soviet union we wanted to undermine them. when the soviet union collapsed that was upside, europe got bigger. china, we don't want them to collapse, we are in trouble if they collapse they own our debt, are our investors are going there. yet, the relationship is becoming very frayed. >> sean: good point. i have somebody that i know that does a lot of business with china. he said one day he a discussion and he said it is almost universal in their thinking that they believe america -- america's best days have passed. america is becoming like europe. an...

Undermine them. when the soviet union collapsed that was upside, europe got bigger. china, we don't want them to collapse, we are in trouble if they collapse they own our debt, are our investors are going there. yet, the relationship is becoming very frayed. >> sean: good point. i have somebody that i know that does a lot of business with china. he said one day he a discussion and he said it is almost universal in their thinking that they believe america -- america's best days have passed. america is becoming like europe. and they are the emerging economy in the world that is their thought pro...