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senate. but what would happen if the government defaulted on its loans? would it impact you? >> interest rates will rise. we'll be back in recession. of course, we already have a 9% plus unemployment rate. we're starting from a weak position. unemployment will rise to the double digits. we'll all pay a very significant price. first the british tabloid hacking scandal catches the attention of law enforcement here in the united states. a source tells cnn the fbi is investigating whether or not journalists working for rupert murdoch's news corporation illegally gained access to phone ...

He is living with barney frank and barney is in charge of fannie and freddie. barney doesn't have a clue, not a clue on earth that these two concerns are headed toward bankruptcy, then i'm not getting it. why didn't herb, tell him? >> well, somebody should have told him. herb was an entry level guy. is he not a policy guy. is he doing some economic study or some other thing. >> bill: brilliant guy from dart mouth from w. all kinds of degrees. he should have known there was a problem in there barney no, hey. >> everything is swell. >> you know your shootout with barney legendary and we all admi...

And barney is in charge of fannie and freddie. barney doesn't have a clue, not a clue on earth that these two concerns are headed toward bankruptcy, then i'm not getting it. why didn't herb, tell him? >> well, somebody should have told him. herb was an entry level guy. is he not a policy guy. is he doing some economic study or some other thing. >> bill: brilliant guy from dart mouth from w. all kinds of degrees. he should have known there was a problem in there barney no, hey. >> everything is swell. >> you know your shootout with barney legendary and we all admired it we love the peace on it ...

And barney is in charge of fannie and freddie. barney doesn't have a clue, not a clue on earth that these two concerns are headed toward bankruptcy, then i'm not getting it. why didn't herb, tell him? >> well, somebody should have told him. herb was an entry level guy. is he not a policy guy. is he doing some economic study or some other thing. >> bill: brilliant guy from dart mouth from w. all kinds of degrees. he should have known there was a problem in there barney no, hey. >> everything is swell. >> you know your shootout with barney legendary and we all admired it we love the peace on it ...

>> eventually this guy's going to stop being in the news and we'll have to start talking about other things. otherwise i think i'm going to keep seeing you frequently. >> blackwater does make a line of teddy bears and infant onesies. if it doesn't work out, your children can be geared up in the blackwater gear. >> we can put a shelf up in the man cave. >> i wore the man cave jacket. no planned parenthood for me. >> one of the truly lovable things about the bombastic figures in media is they are really good at riling people up. more on that in a moment. i was driving in northern california. my ...