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Clear. and this is because of conflict of interest rampant in what the banks are doing on their own account and what they're selling to their clients. >> dr. sachs, you've been very concerned about the influence of money in politics. you talk about it an awful lot. of course, nobody's ever gotten more money from wall street than barack obama. nobody's ever gotten more money from the hedge fund companies than barack obama, from goldman sachs and barack obama, from all the banks and barack obama. how has the president done standing up to these special interests on wall street? how would you grad...

Pare them down enough. >> i think we could do better. we've got a problem here. first of all, we've got to have reform. we've got to. i'd like to have more of a bill that does, in fact, pare them down, but just like, in my opinion, does not go far enough, but we have to -- >> why is that? is it too hard to stand up to wall street for members of the white house and congress? >> i think it's extremely -- i think it's difficult, but i don't think it necessarily -- and i think it's very, very complicated. keep in mind, president went up to wall street just yesterday and he says, look, don't fight ...

>> their bill goes so much further than that. it institutionalizes too big to fail. it provides for a permanent bailout of big wall street firms. it creates this financial stability control board, all bureaucrats in the administration, that gives them the ability to take over any company in america that they see fit. this is not what the american people want. >> you know, mika, there seems to be a disconnect between the reporting we hear every morning on this set over the past two, three days that it's becoming a bipartisan effort with 70, 75 votes possibly supporting the president's bill and ...

This. they took home more than $20 billion of bonuses this christmas. and the administration didn't blink. they're still financing. the democrats -- you know, this is still a pretty cozy relationship. >> what's the one thing that's missing, though? what would you like to see in a bill that's not in there right now? >> well, i think there are still lots of soft spots on the derivatives, lots of lack of clarity. i think that the control of executive compensation where we see every year $20 billion, $30 billion go home to these guys go home to these guys that did what they've done is inappropriat...