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John harwood joins us now, along with savannah guthrie, who is a white house correspondent for nbc. john, you asked the president if wall street has done enough to police itself in the wake of the crash. let's listen. you give me your sense of it afterwards. here's the president. >> when you spoke in new york a few months ago to a lot of those wall street executives, you urged them -- even in the absence of a law -- to take to heart the need to change the way they do business. >> right. >> have they done that? >> not as much as i would like. i mean, look, i think that you don't want to paint w...

D.c., concern or just a border problem. this is something across the board. you can imagine how successful we'd number fighting the -- of drug dealers if we just said well, local government's not going to be involved, we will not allow the counties and cities involved, we'll do this all, just the federal government and you know it has to be a coordinated community effort across the board, and any kind of enforcement effort. this is the basis of community enforcements. >> yeah, okay. let me ask you a problem. suppose you have a second-generation mexican-american or from colombia or somewhere, y...

Something that the federal government does with local government right now. we have programs so that they are using these systems right now. the difference is the people of arizona are doing this across the board rather than piecemeal in their state and that's why it's being implemented and it isn't that big of a leap and it shouldn't be. >> let me go to the -- go ahead, congresswoman. >> that's just not true, in fact one of the sheriffs there in arizona is under fbi investigation because he hasn't followed the rules and his deputies have not followed the rules. they haven't gotten the type of...

>> i love the way you give john mccain a ride. you figure he's just faking it so you don't mind. let's take a look, just so he beats j.d. hayworth, that's all you care. let me two to congressman bilbray first. you're a republican. what do you make of the state of arizona saying you have to have a birth certificate to get on the ticket next time? do you think this is ad hominem. is this a bill of retainer as we used to say in the constitution classes. is this aimed directly at the president of the united states, himself, barack obama? >> no, chris, actually this is arizona. this is really aimed...

>> but doing it now. john mccain is not running for president. he doesn't have to be native born anymore. he's an american, obviously. the question is why are they aiming it at the president of the united states now? do you think it's personal? one more try. >> no. i don't think it's personal. i think it's a way to avoid -- i think all of us, chris, everybody in elected office should be showing that we are a citizen and the problem with this bill is it should be universal to all elected officials. i don't know if mccain is running again. remember, he's been running every election since i've --...