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Our administration will work with congress, democrats and republicans, so change that cap and ensure, as i've said and as the president said, that bp is the responsible party, the cause of this, and they'll pay for everything involved in the spill. >> as i said earlier, t. boone pickins is is going to be on the show. >> can't wake to talk to him. this is an environmental disaster. >> economic disaster. >> yesterday bp admitted this could spill out 65 million barrels a day. as "new york times" points out, this is also a pr nightmare for bp. you know, bp's been trying to be the sort of nice, you...

In the street community there's an expectation that if you're going to buy something from goldman sachs, you kind of should do your homework and know what it is that you're buying into. it's not like they were selling to a mom and pop investor. >> but goldman sachs is not going anywhere? >> goldman sachs is is not going anywhere. as art just said, you look at the stock. investors were encouraged by some of the comments we heard from the goldman executives today at these hearings. the stock price is up $153 now a share. they've got a pr nightmare on their hands. but i don't think it's going to ...

Whether a yankees fan or not the second he shakes their hands, right, he loses about a million votes in massachusetts? president obama with the new york yankees. world champions for 2009. we'll see what happens this year. as lawmakers prepare for a battle over financial regulation, troubling e-mails released by goldman sachs are bolstering the efforts of wall street critics. in one e-mail a goldman executive speaking about the mortgage market wrote, quote, that business is totally dead. and those subprime borrowers will not last so long. in another e-mail he jokes about selling the doomed bo...

>> that's right. but again, the majority of donors are small but you have big wigs donating $30,000 a piece in an election cycle so they go on trips and golf and tennis and taken to lavish things but it's both committees. no question. but it's a little more acute on the republican side because the base is animated by sort of excessive irresponsible spending and it falls into that pattern. it's a pr nightmare. >> shepard: for people who don't know what the organizations are supposed to do, it's to get organization on the ground to get candidates elected in district or areas where it's close, ri...

A comedian years ago that said, you know what they call a lexus in japan? they call it toyota. look, they have all kinds of problems. they have all kinds of problems. they're trying to rescue themselves from this pr nightmare, sort of like my friend trying to rescue his party if their pr nightmare. >> i think they both have nightmares. i appreciate you both having the conversation with me. straight ahead, our special live coverage of president obama's news conference from the nuclear summit. what will he say about iran, al qaeda and loose nukes? we'll be joined by "hardball's" chris matthews...