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Charge that will be brought. so this notion that somehow there would be any attempt to interfere in an independent agency is completely false. >> okay, john harwood, help me out here. why would it look bad for any politician to say let's get tough with these bad guys to any regulatory agency? i guess i don't sew see where there's a downside to saying, let's all be dick tracys here? >> reporter: i think you have a point, chris. i think the question is was there any interference? and the president was very strong in saying, absolutely there was not. >> i see. >> reporter: and you know he's pushi...

Conflate the recovery act, stimulus act, the $70 billion act with the bailouts of wall street. so in a lot of ways the president was getting lumped with that kind of mr. bailout narrative. so this is a way for him to say, i'm fighting back against wall street. i'm trying to crackdown on them. and frankly, that's why democrats were not freaking out when there were 41 republican senators signing on a letter in opposition last week. they felt like at the end of the day, republicans are going to get cold feet, a few will peel off and we're going to get our bill. >> reporter: chris, you wouldn't dr...

To that argument, or to that suggestion is, look, the classic situation is, you get money from some corporate interest and then you go and do their bidding in government and here's an example of him doing precisely the opposite. but i thought the tone in john harwood's interview was notable and i think that we'll see something along those lines tomorrow when he makes this speech at cooper union in the shad over wall street. it's not going to be one of these barn burners. he's going to say, can't we all get along in one form or another, saying it's in your interest to get behind reform. don't f...

An honest i.d. card, it's fraud. okay. and if we go to the bank and try to get money out and if it's not us, it's fraud. if we try to check into a hotel and use a phony name it's fraud. go the other congressman. what about arizona? why does states try to get into the business the federal government is into? which is protecting us from illegal immigration? >> well, i think the same reason they're involved in the drug war, too, chris, is that this is a community problem. it's not just a washington, d.c., concern or just a border problem. this is something across the board. you can imagine how su...

Colombia or somewhere, you have a hispanic look, complex, whatever you, may have something about you that indicates you from that part of the country or that part of the world originally, your parents were. and a cop stops you and says, well you have a mustache, or something that makes me think that you're mexican-american or something and he starts bothering you. don't you think we'll have a problem here with cops bothering people just because they seem to be hispanic even though they're citizens or they have a green card? he chris, that's why we have -- we have the policies that there are th...