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Earlier is interesting. republicans would go to heritage. democrats would go to graduate schoolings. they would go to brookings. it seems to be fox is the new place for the republican government in exile. let's look at sarah palin. la little bit of what we're talking about here. you do this for a living. where are we headed? how far will the candidates go to expect fox to do their bidding and set them up as stoojs asking them prearranged questions. >> fox is going it all the time? they're having politicians all the time. we're going to see it in the run up to november. they're going to have th...

Actual capitalism. that's how you create your hedges. if you're hedging yourself by transferring the risk to the state, you're a thief. that's not a hedge. i don't think they tell you that at wharton. we've seen some small amendments, victories, cenk referenced them. there was a amendment offered by al franken, to put more heat on the credit rating agencies did pass yesterday with bipartisan support. that thanks to franken. banks will no longer be allowed to hand-pick which rating agency they cook the books with before they offer some garbage derivative to a dumb german. now they'll have to de...

The new york attorney general's office has launched a look at eight banks to determine whether they gave fake information to ratings agencies, the theoretical check and balance that is highly broken in order to gain good marks for their risky securities. if i goç to you, you tell me tt i'll have a aaa and we sell that junk to turkey and we're good to go. are the big banks sweating yet? we don't think so. however, incumbent politicians are starting to. abandoning the banksters and fighting for the people's party might be the only shot that some of these people have to keep their jobs. today s...

Charges in some kind of context? explain them and maybe what goldman is saying? >> i want to introduce you to the players here. so, of course, let's talk about the players. john paulson, this guy is number 45 on the forbes billionaire list. he was sure that these risky mortgages in the housing market was going to tank. he went to goldman and said let's find a vehicle that i can invest against, that i can short, so i can make money on what i think is going to be the coming collapse of this industry. he made $1 billion in profit from this transaction. he helped hand-pick, according to the s.e.c....

>> larry: you would have been long gone? >> a long time ago, but i still would have wanted the apology. >> steve, what did you make of it today? >> i think jackie is being far too kind. he came across as phoney and entirely weak. >> larry: steve, try to have a point of view. >> it's ridiculous, larry, when you consider the fact he's been lying since he came up with that story about his wife was a hero after she tried to rescue him from the black he is clescalade been lying since day one. today he said he realized he's not above the rules, but he circumvented the rules. you've got to stand in t...