barney frank. [laughter] barney frank. intelligent, passionate, aabrasive. john adams i don't think was gay but, other than that, i mean i really think that john adams was the barney frank is the john adams of our 21st century congress. i think that patrick henry is rand paul. i think truly the tea party would love patrick henry. he, in opening days of the first continental congress he made this speech arguing for proportional representation in the congress which on which he was defeated saying, we're not just virginians or new yorkers, we're all-americans. and that gives an impression of henry as a continental-minded politician but what he was mainly concerned about was protecting the interests of the most populist colony in america, theon virginia. all of his career, his primary devotion was to defending the interests, first of his colony and then of his sovereign commonwealth of virginia. so i think he and rand paul would get along pretty well. i really do think of all the 18th century politicians the one consistently through his career who is most consis

and from boston, former congressman from massachusetts, barney frank. gentlemen, thank you so much for joining me on this day, the third anniversary of landmark legislation dodd-frank. chris dodd, i'd like to go to you first. we heard that sound from jack lew saying that too big to fail is no longer a reality in america. at the same time, ben bernanke in march said, too big to fail is not solved and gone, it's still here. do you think the problem has been solved? >> well, we believe it has. and obviously only time will tell. you've got to test these things at some point, i presume. but that amendment, the shelby-dodd amendment passed with over 90 votes on the floor of the senate, it was man news consensus around it. senator barbara boxer added language there that made it against the law for the united states government to bail out a financial institution. and as you'll hear from barney, all the mechanisms that were allowed for the federal government to step in are now gone. so it is against the law to do what was done a couple of -- two or three years a

amendment barney frank my body sponsored it and it was something that actually protected people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's why one part of that you wrote is in a lot of rain through protect all civil liberties that's true but the part that let me let me know what's in the actual had to study the entire act and actually my boss a constant frank opposed the bill when it came to the floor of congress interesting thing about the patriot act that most people don't know is that republicans and democrats worked together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats

amendment barney frank my boss sponsored it and it was something that actually protected people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's one part that you wrote is a. civil liberties that's true but the part that let me let me know what's in the actual had to study the entire act and actually my boss a constant frank opposed the bill when it came to the floor of. it's interesting thing about the patriot act that most people don't know is that republicans and democrats worked together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats worked together we actually at that hearing

amendment barney frank my body sponsored it and it was something that actually protected people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's why one part of that you wrote is in a lot of rain through protect all civil liberties that's true but the part that let me let me know what's in the actual had to study the entire act and actually my boss a constant frank opposed the bill when it came to the floor of congress there's something about the patriot act that most people don't know is that republicans and democrats worked together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats

amendment barney frank my boss sponsored it and it was something that actually protected people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's why one part of that you wrote is in a lot of rain through protect all civil liberties that's true but the part that let me let me know what's in the actual had to study the entire act and actually my boss a constant frank opposed the bill when it came to the floor of congress there's something about the patriot act the most people don't know is that republicans and democrats worked together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats w

amendment barney frank my boss sponsored it and it was something that actually protected people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's why one part of that you wrote is in a lot of rain through protect all civil liberties that's true but the part that let me let me know what's in the actual had to study the entire act and actually my boss a congressman frank opposed the bill when it came to the floor of congress interesting thing about the patriot act that most people don't know is that republicans and democrats work together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats

amendment barney frank my bottom sponsored it and it was something that should protect people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's one part that you wrote it's no longer a true civil liberties that's true but that's the part that let me let me know what's in the actor had just. the entire act and actually my boss constant frank opposed the bill when it came to the floor of congress interesting thing about the patriot act that most people don't know is that republicans and democrats worked together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats worked together we actua

amendment barney frank my body sponsored it and it was something actually protected people civil liberties if you were spied on you could take an action to court and get a nominal damages and this is no longer in the patriot act that's right one part of that you wrote is in a lot of rain through protect all civil liberties that's true but the part that let me let me know what's in the actual had to study the entire act and actually my boss a congressman frank opposed the bill when it came to the floor of congress there's something about the patriot act the most people don't know is that republicans and democrats worked together to have a very careful compromise that protected civil liberties and still gave the f.b.i. the cia the tools they need to go after terrorism why did we end up with the bill that we got what happened is we worked on it for about three weeks and george bush was threatening tom daschle the senate majority leader at the time saying if there's another terrorist attack it's your fault i'm going to blame you and what happened is even though the republicans democrats worked

barney frank. he may be retired from congress, but he's not actually shy at retiring. the law that bears his name takes arrows from both sides of the aisle. up next, he goes to bat for dodd-frank, and what it will ultimately mean for banks and businesses. >>> plus, we'll get his reaction to the steve cohen s.a.c. charges. >>> and more from london. you probably have heard by now, a prince and future king was born earlier today. we'll have more on that coming up as well. golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. ♪ (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." "first day of

we'll talk to former congressman barney frank live with his reaction. big morning shaping up for the dow, up 12%. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> jpmorgan's chairman and ceo has now finished his conference call. he is on his way to the new york stock exchange, and he'll join us for an exclusive interview within minutes. as we wait for jamie dimon to arrive here on the floor of the new york stock exchange, let's bring in two jpm shareholders. charlie is vice chairman and director of research with ariel investments. and david katz is chief investment officer with matrix asset advisers. jenltsm gentlemen, good morning to you. welcome

i insult people like barney frank or something. you know, it's a -- this group. >> in britain insulting words likely to cause distress. >> bill: i'm in trouble. and i'm supposed to go to london later this year. >> and this man probably got off because he was able to cite an example where a judge got off. and he had run an ad saying the word of god is against sodomy. this is a perverted form of sexuality that was stronger than what this preacher. >> bill: there was a case in great britain like where a guy got off. was acquitted something is stronger. it just occurred to me you know this guy michael savage this radio talk show host he was barred entry into the british isles because of his rhetoric against gays and others. they do take this seriously. >> a canadian group was prosecuted for publishing car tunes mohammed. >> bill: in countries you could be executed in saudi arabia, kuwait and pakistan for saying anything bad about islam. they cut your head off. >> i love the way the pakistan constitution puts it. every citizen has the r

that is a bit like lindsey graham and barney frank having a taxation agenda that they can get all get behind. this kind of thing doesn't happen. but it does happen in denver. and the politicians always going on in the the business community and they said to the politicians, are you going to get on this train, or are you not. and that was the next big initiative, which was to build a first-class transit system in denver. give people the impression that denver was a world-class city. that was successful. the example that they give for the new federalism is that political collaboration and cooperation is possible. it is not particularly heroic. it involves one mayor goes out for dinner with a neighboring mayor. saying i will go to you, you don't have to come to me. by celebrating each other's inaugurations. we don't have that happening in washington. one of the reasons the subtitle of her book is how we can fix this, it is providing examples of people who want to get things done. it is a system that is supposed to take assist getting things done. we think people can look at what is happe

programming note for you, chris dodd and barney frank will join us today at noon to talk about the royal baby -- i mean the three-year anniversary of reform. i'm jennifer hudson. i hate getting up in the morning. i love cheese. i love bread. i'm human! and the weight watchers 360 program lets me be. the reason i'm still in this body feelin' so good isn't because i never go out and enjoy the extra large, extra cheese world we live in. it's because i do. and you can too, with the weight watchers 360 program. the power to lose weight like never before. join for $1. hurry. offer ends july 27th. the weight watchers 360 program. because it works. it's been a happy union. he does laundry, and i do the cleaning. there's only two of us... how much dirt can we manufacture? more than you think. very little. [ doorbell rings ] [ lee ] let's have a look, morty. it's a sweeper. what's this? what's that? well we'll find out. we'll find out. [ lee ] it goes under all the way to the back wall. i came in under the assumption that it was clean. i've been living in a fool's paradise! oh boy... there you go.

when you're reading devotee of all the characters coming you know barney frank and you know senator dodd and some of the legislators, it's interesting to get that perspective and some of the staff. and then there's a book that i just ordered pond james byrnes who was a legendary south carolina public. actually, john martin in politico put this on the radar and said you're going to love this book. he was very nearly vice president instead of truman 44 continued to play an extraordinary role in politics and then became one of the architects and the south and then working with harry hopkins in 1940 and this book about the 1940 nomination of fdr which was pretty unique political work that felt i like to read the process and to study history. >> let us know what you are reading this summer. >>> next, curtis argues that authors christopher hitchens are misguided in their fate that science will eventually provide all the answers we have regarding the nature of human beings and the physical world. he says the religion verses scions debate left out the role that philosophy, art and culture have p

ly speak with the lawmakers behind the legislation, former senator chris dodd and former congressman barney frank, about too big to fail, consumer protection and the pine line running between pennsylvania avenue and wall street. >>> plus, a conversation about the conversation on race in america. we'll discuss the president's historic remarks with harvard professor charles ogle tree, plus panelists bill burton, margaret carlson and luke russert. >>> and, get ready -- we are officially on royal baby watch. we will discuss the costs of maintaining a monarchy with our resident brit, martin bashir. >>> all that when "now" starts right after this. [ female announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clin

frank having a taxation agenda that they can also get behind. this kind of thing doesn't happen. but it does happen in denver and then the politicians saw what was going on in the business community and the business community said a to the politicians are you going to get on this train or are you not? the next big initiative was to build a first-class transit system in denver to kind of give people the impression that denver was a world-class city. it was in a cow town in the middle of nowhere and that was successful. the example that denver gives a thing for this new federalism is that political collaboration and cooperation is possible. and it's not anything particularly heroic. it involves one mayor going out for steaks and beer with a mayor and a neighboring jurisdiction in saying i will come to you. you don't have to come to me, i will go to you. it involved me are celebrating each other's inauguration. we don't have that happening in washington and one of the reasons that the subtitle of the book is how cities and metros are fixing our bro

the co-author of the dodd-frank financial regulation bill barney frank will comment on that. >> that's right. and here's how we stand, though. we haven't moved much in terms of volatility. the dow was up 37 -- excuse me, up 32, down 27 at the peak and valley. we're right in the middle of the range, up 7 1/2 points at 15,551. by the way, if we're up five points today, an all-time high. >> that's right. up about six for the time being. >> mcdonald's will be making the call today. nasdaq trading higher. the dow is the lagger of the major averages. the dow is up 14 points now at 3,601. technology a bright spot for the markets today. and the s&p, any positive close for the s&p will be another all-time high. up almost 4 points right now. so with the dow and s&p trying to hit all-time highs today, let's talk about this market in today's "closing bell exchange," with danielle hughes, anthony chin, and steven wood from russell investments and bob pisani on the floor here of the new york stock exchange with us here today. how are we doing so far with earnings? >> we're doing pretty well. that's

and i always -- it is a good time to invoke the great line that barney frank had in an interview with "new york" magazine last year. somebody asked him why they can't compromise much anymore. and he said how much compromising with michele bachmann do you want me to do? and the person said you mean they're all michele bachmann? he said no, half are michele bachmann and half are terrified of losing a primary to michele bachmann. >> john: we're almost out of time michael. i can't let you go without asking you about anthony weiner's continued use of the internet to find new friends. now with the danger. i'm a fan of gay porn as much as the next confused heterosexual. do you think that that hail mary pass of having his wife go before the press conference today is going to help and save this candidacy? >> i'm really confused about his support in the first place. this is probably the most shocking thing i've ever seen to. come back and do this after that kind of disgrace and do it -- not once or twice for six months with a woman less than half of his age and then for her to stand by him. and

there is this old life from barney frank, this is the belief that life begins at conception and ends at birth. an agenda pushed not just in the south -- >> you can't really be a successful republican unless are you fundamentally strong on this issue. that's one issue you cannot win as a republican unless are you completely pro-life. >> so rick perry hue mailated had himself on the national stage but he's now revived his standing with conservatives nationwide by standing up to wendy davis and had his despicable amounts that we were horrified by, insults, they love that stuff. >> senator, talk about the politics going on in texas right now. we have a sense outside of the state that wendy davis has become a sort of national hero, that you yourself have become this national hero for the incredible statement you made about women's voices not being heard in the state senate. inside of the state, do you feel like you're winning? >> inside of the state, we feel momentum. in fact, at the rally yesterday was a former gop staffer in the house. she left. she quit her job because of the draconian

his notable impressions include president obama for several years, mahmoud ahmadinejad barney frank, saddam hussein and hugo chavez. >> bill: he's one of their best. >> he's a funny guy. >> bill: how they can continue to lose these great people. of course, they have over the years. >> they always get new people, new crop of cast in. >> this particular cast they had was pretty solid. first really solid cast they've had in a long time. >> bill: david graham, talking a lot about doma. one thing that gets lost here and you have written about it is the man who gave us doma was not some conservative republican, right? it was bill clinton. gave us don't ask don't tell, as well. you write in the atlantic, how badly will doma blemish bill clinton's legacy. will it or will people forgive and forget? >> i think it's certainly possible it will blemish it. the question is how badly. i think people will forgive and forget but as we get farther away from this, this will be hard. for those who lived near the '90s, the climate is so different from today. younger folks who don't remember this will be

raben serve as a complement to barney frank. -- served as a consultant to barney frank. a professor at georgetown university. he is also the president and founder of the raben group. brian walsh who has worked on capitol hill for a number of members, including bob barr and tom ridge. he's now with a d.c. firm. we will get to your calls comments in a bit. here's what the president had to say this past week about what he calls the obstructionism by republicans in congress. [video clip] >> despite all the evidence that the law is working the way it was supposed to for middle-class americans, republicans in the house of representatives voted for nearly the 40th time to dismantle it. we've got a lot of problems in this country. there is a lot of work that congress needs to do good we need to get a farm bill passed. immigration reform done. make sure we've got a budget in investsat invest in -- in our children and future. instead we are refighting diesel battles. -- thesse old battles. sometimes i try to figure out why. maybe they think it is good politics. part of our job is

in 1989 congressman barney frank admitted to a lengthy relationship with a male hooker who ran a prostitution service out of his apartment. he would serve another two decades before retiring this year. senator chuck rob of virginia admitted to an affair with a beauty queen. it goes on. ken cal vert stopped by police. cokie roberts, i have to ask you something. >> this is a depressing litany. it really is. >> cokie, these are men who have gone on to survive and thrive. you and joe were saying that anthony weiner is no bill clinton, and i would agree. do you want to compare? do you want to go there? >> i don't think you should. i don't know why some people get put up on a pedestal for behavior that is, if you were to compare them -- >> i put nobody up on a pedestal. i mean, none of us should ever wish for a pedestal. >> what are you talking about, his skills then, political skills? >> yes, his political skills, absolutely, and his ability to get things done. but the fact is that people do come back. this is a forgiving country. we do love redemption stories. there are scandals and scandals. thi

the two men behind the legislation, senator chris dodd and congressman barney frank, they aren't even lawmakers anymore. so we want to bring in our very own elizabeth macdonald and charlie gasparino, author of the book, "circle of friends" on insider trading. charlie has new details on what is being held up in washington. >> it is more than held up. vast parts are not implemented including something known as the volcker rule, proposed by presidential visor, paul volcker. he said stop wall street from melting down using balance sheet to trade stocks, bonds. put in a rule that would stop that. that rule has not been implemented. we should point out paul volcker said he thought it would be implemented by the end of the summer. what we're hearing from regulators in washington, they're telling the fox business network the volcker rule will probably not be implemented to the end of the year at earliest. that gives you indication how screwed up and dysfunctional this law is. i will tell you one other thing. i ran into chris dodd not too long ago in white house correspondents dinner. give you

frank because he's so loathsome. i was living in pennsylvania.massachusetts. barney would have kicked my butt for the position. >> what about liz cheney running? >> if she wants to do it fine. >> what's your greatest debate for this country to have. >> basically whether we're going to be a capital lis tick nation that's self-reliept or if we're going to be a nanny state, a giant federal government telling us what to do. that's the debate. i want to get back to self-reliant, let the folks compete. >> do you believe we have moved in the last five six years to a nanny state? >> do you live in romania? of course we have. >> what's your -- >> food stamps. an explosion of people receiving benefits from the government. more than 57% of the homes doing it compared to 20 years ago. where do you think they're going? and they buy votes, pan derg we'll give you, we'll give you, we'll give you. we have a $17 trillion debt. if we continue this i'm going to have to move to switzerland because this thing is going to collapse. that's

it is like barney frank having to apologize for being gay. what weiner was doing is harmless fun. >> stephanie: wait a minute. you're comparing that behavior to being gay? >> caller: i'm saying -- no, i'm saying everyone else is. what he's doing -- >> stephanie: it is harmless fun? >> caller: it seems like it is mutual with the people he's doing it with. >> not when you break the trust you have between you and your wife. >> caller: i'm not sure if that happened. she mate have caved because she's expected to. >> stephanie: you think it was harmless fun for his wife? >> caller: i have no idea what their relationship is like. i think they were forced into a corner where they had to say okay, we did something bad. you know, i wouldn't know how to text to save my life. i'm 64 years old. i'm confused by the whole thing. but it seems to me, it is just -- it is not as bad as harassing your intern with fantasies about loofah and showers. it is not as bad as dick cheney blowing away 80 game birds in a single afternoon. >> lawyer friend of yourself. >>

i don't think bonnie frank meant to is did rapt the family but he -- barney frank. there are activists pressing the envelope. what is it your now in a position to say in principle when people come in and say, why isn't it we can't marry the other people we love? why is this confined to a "coupling"? i think we are really past the barriers and just a matter of unfolding i'm afraid the implications. woodly allen, i'm sorry i can't leave you with something positive, can you accept two negatives? [laughter] >> let me make two comments. on polygamy. oh that is lipperry slope argument. i say, no, polygamy is upslope of same-sex marriage. >> absolutely. >> polygamy has been throughout history a very common, variation of, on monogamous, one male, one female marriage. surely the distinction between two and three is more arbitrary than distinction between male and female. >> absolutely right. >> now, justices obviously are not moved by logic and principled reasoning so maybe that won't happen tomorrow but there is no basis for confining same-sex marriage, if it is accepted, a

iraq and barney frank, who was no great conservative, stood up from the floor and said, "i don't think that's true." he took it back almost immediately. he said he meant they were not taking enough care when they shoot to know who they are shooting at, and journalists get hurt. all right, you can disagree with him and all that, but the right- wing blogosphere got started and within three weeks, he was was fired. cnn could not take the heat. ,ithout examining the facts does he really deserve to get fired? but the blogosphere is so pervasive and quick that you do not have time to sit back and the atlanticead next month and see what that guy thinks." no, it's over now. >> let's get a question from denver. who's next? >> thank you, steve. clark has a question. >> thank you again for joining us. it's an honor to have both of you. my question involves the fact that over my lifetime and certainly over both of your long careers, you have seen the idea of news move from more of a public service into the realm of a profit generator for companies , and i wonder if there's anything you see that we

frank lautenberg was dying. i called barney and said we have to have them here. he literally, on his deathbed, came down here, unhooked the stuff keeping him alive, came down here from new jersey and walked in to make a caucus. for the was there democrats on the committee. we should not be doing stuff like that. that's not what it's all about. you cannot reward that behavior over and over and over again. harry reid is calling all senators to the floor at 5:30 eastern. you can see that live coverage here on c-span2, our companion network. then senate will go to the old senate chamber for an old -- for a meeting where they will discuss the plan to change senate filibuster rules. if after the meeting, the democratic leader decide to go forward with the plan, a vote could take place as early as this week. let us know what you think about all of this. read what people are saying on our twitter page. >> earlier, someone touched upon the idea that women could not really predict their role in entering into the white house, politicalfind one observer who commented that th