host: we want to wreck -- we want to welcome bernie sanders. . guest: our system is geared toward making money for the private health insurance companies. the function of a private health insurance company is not to provide quality health care for the most people in a cost-effective way. you end up not only with 1300 separate health insurance companies, but you end up with thousands of different benefit packages which cost enormous amount of money to administer. the bottom line is we are not only the most expensive, bureaucratic, and wasteful system in the world because we are spending billions of dollars in administration, in profiteering for insurance companies. a fellow who was the head of united health got $1.6 billion in stock options. the goal of health care should be to provide the best quality health care to all of our people in the most cost-effective way. to my mind, the way you do that and what we have learned from other countries is that a single payer system would work. host: this is from a physician from canada who wrote this articl

humanity has written off bernie madoff. also, "the new york post." inside "the new york daily news" has this photograph. from inside "the new york post" -- they reprint his remarks. he said, "there's nothing i can do, but i will live with this pain for the rest of my life. i apologize to my victims. i am sorry. i know that does not help you, your honor. thank you for listening." caller: my question is -- reggie walton is report about the sexual abuse in prison, i am concerned about the number of rapes being reported. a lot of the men that are being raped, some of them are being infected with hiv and aids. when they come out of the prison, they are sleeping with these different women. host: that is one of the points that he mentioned. 95% of those incarcerated in u.s. prisons ultimately leave jail in move back into society. caller: this is a big problem. what will the of administration do to try to curb this? the african american community, especially the black women, are being infected with this. i am not infected, thank god, but there are so many th

host: he will be on, as well senator bernie sanders, as this continues to unfold. inside "the politico," "what obama said and what he meant." "pouring money into a broken system only perpetuates inefficiencies. doing nothing to put our entire health care system at risk. we simply cannot afford to postpone health care reform a logger." that is a letter to president sent to congress. in this point, "do not try to slow-walk healthcare." scott joins us from new york city. good morning, democrats like. caller: good morning and thank you for c-span. a couple of very quick points. you know, the germans and french -- they do not wait -- we are always talking about canada and having to wait. the germans and french have national health care, and they do not wait. france is reported to have one of the best is not the best health-care system in the world that we here would love to have a system like that -- single- payer, nationalized. i think the republicans are using scare tactics that we will not get it good health care under a single-payer system. a few years ago i remembe

issue because the court has dance around with this and launch right up to the line with the city of bernie cases of implying that a judicial supremacy principle to a variety of claims but not to claims involving race and suspect categories and strict scrutiny so that was really teed up in this voting rights case. and the court blinked and did not reach that issue. the chief justice wrote an opinion for eight justices in which he said that continued viability of the voting rights act presents important and serious constitutional challenges and consequently we invoke the doctrine unconstitutional of moines. we are going to hold that district, that was to get out from under the voting rights act for the bailout provision which on its face does not apply to this district because it applies in the language of the statute only those jurisdictions they themselves actually are registered voters in the district is not registered voters as part of the travis county texas and a registered voters and actually came in on the side of those defending the voting rights act. but the court said, well, becau

do you evaluate it as appellates in this case argued under the city of bernie standards, particularly referred to whereby congress has enforcement powers under section five of the 14th amendment are limited to finding remedies that are congruent and proportionate to demonstrated violations or do you continue the very deafer enshall standard that the court has always used in evaluating challenges to the voting rights act and that the court had previously turned down three or four challenges to the voting rights act in south carolina which gives congress, having been given direct legislative authority under section five, the court is going to back off from on a second-guessing congressional judgments. that's a big issue, because the court has danced around with this right up to the line with the city of bernie and other cases applying that judicial principle to a variety of claims but not to claims involving race, claiming involving categories of scute ny. that was really what was teed up in this voting rights case, an chief justice wrote an opinion for eight justices in which he said t

. >> bernie, are rick sent kelly and kraemer going to be able to keep their jobs? [laughter] >> i think they will. i am convinced they will because if anything happens to either of them, what is the logical conclusion francs? that we can't have any dissent in this country? i mean, i know they wouldn't be fired by government, it is not a censorship issue, but it would violate spirits of censorship. censorship only involves what government prohibits you from saying. ncmec decided to do something like that it would be a huge, huge mistake and i don't think they will, i think there save. >> thanks for being here peridot yesterday morning and think it was rushed i was listening to and i know you said there is no conspiracy and i believe you, of course,, rush limbaugh was saying that there is a conference call in the morning from -- in in all that goes out to george stephanopoulos and james carville camisole is there any --? >> i heard about this several weeks ago. for those of you who don't know there is a story on politico which is a very good on-line newspaper and it

. >> we continue our discussion on health care system, vermonts center bernie sanders launched, join us on "washington journal" for 30 minutes. >> host: i want to introduce bernie sanders, thank you for being with us. your single payer plan, how what were? >> guest: it begins to do the major problems that exist in our current health care system and i think understands that the current system is disintegrating with 46 million without any health insurance, more who are underinsured and at the end of the day off we end up spending despite those results far more money per capita almost twice as much as any other country and our health care outcomes in infant mortality and longevity, disease prevention is not as good as many other countries. the reason to my mind why russia has into the fact that our system is geared toward making money for the private health insurance companies so i do want to shock any of the viewers with but the function of a private health insurance company is not to provide quality health care to all people in a cost-effective way. is to make as much money as they po

-- bernie madoff thing? >> we have appointed a special master to look into the compensation practices of banks and lending institutions that receive assistance under the tarp program. that is in the process of beginning. the president and his id ministration are implementing wide-reaching reforms. i think the president has outlined his views on this clearly since the administration began. on the first one, i think, obviously the judge wanted to send a very strong signal to anybody that invests money on behalf of others of the responsibility that they

host: senator bernie sanders of vermont, thank you. guest: thank you. very nice to be here. host: one of the headlines this morning dealing with politics can be found inside "the hill" newspaper. this is part of a fund-raiser held here in washington that raised $14.5 million for house and senate republicans. we want to come back and we want to hear from republicans only. we want to divide the phone lines regionally. we want to know who you think speaks for your party. first, we want to share with you the remarks by the former speaker of the house newt gingrich. >> i recognize that 2009 is not 1994. but i want to say to all of you, as republicans, we have been here before. 1965, 1977, 1993. in each case, we have lost, they have been hard years, and the news media was gleefully hoping we would disappear. 1965 was followed by a 1966 in which we picked up the 47 house seats, swept the measure governorships, including an elected ronald reagan in california. two years later, we began the first of 40 years of presidency in which no over liberal in 40 years won the presidency. host:

i am with bernie sanders, a single payer health care system. when it is said and done, that is about a three trillion dollar debacle. we are screaming and yelling now about a 1.6 trillion dollars health care coverage to cover everyone. i find that so hypocritical is not funny. i think that republicans, they want compromise to get this bill passed. we have compromised by taking the single payer off the table. host: here is an e-mail, the federal government is restricted to impose health care on citizens. let's go to our next caller on the republican line from maryland. caller: i have a question for your guest. force all the medical insurance companies to provide the same policy to all people regardless of medical condition, age, location for the same price. then also force all of the doctors to charge people that walk in off the street without insurance the same amount of money that insurance companies get for the same procedure. that would open up competition. guest: interesting idea. i think that insurance companies, while they may agree to no

>> i have background from the bernie school in hartford and worked in outside business and department government and came in the fish and wildlife service in 1990. and started in d.c., and this project came along, and i was able to jump along at the very start of it. i was on the planning team, did a lot of the operational planning as well. and was privileged enough to watch this place rise from an old farm from west virginia to probably one of the greatest conservation training locations on the planet. >> there are a lot of archives in this country. and this one is devoted to fish and wildlife. how important are they to a historian as research? >> this is ground zero for anyone that wants to deal with the issues of wildlife protection. in the wild maps is how wild america got saved. you can look at the old documents called the surveys that became the fish and wildlife. and you can track species, if you wanted to learn about gray wolves, this is a place to come and find out how the protection movement got underfoot. >> one of the people that you write about in your book is john burrow

men like bernie franc still have supervision over certain areas. is that a problem? >> no. congress has to be willing to legislated these reforms. a lot of the changes we need will require legislation by congress. we have been working very closely with the chairman and ranking members to try to build a consensus on the reforms. we are moving very early to do this. we have an economy that is still facing more challenges. because of the magnitude and the pressures and the importance of reform, we are trying to move very quickly while the crisis is still in people's minds. we do not want people to get comfortable again. that is why we are trying to move very quickly. wha>> what are you going to get rid of? are you getting rid of the office of supervision? >> i am trying to focus on the core objectives of our plan. we want a system that does a better job of preventing future crises. we want to protect consumers and investors better and have better tools and managing future crises. we need to do a better job of making things were stable. >> talks of the acid buying program. is t

cases under investigation, including the and many ponzi schemes prevalent in the news today, such as bernie madoff, a seemingly ordinary individuals. we are targeting accounting fraud, insider trading and deceptive sales practices. we identified the key players come investigate and bring the appropriate charges come agency and less on our corporate fraud response team. they are specially trained to conduct investigations in a very short timeframe. they can be deployed at minimum notice across the country. we do not take these investigations lightly, nor do we open these without considerable --. these investigations further emphasize the need for independent board members, auditors, and outside accountants. shareholders rely on a board of directors as corporate watchdogs. it often we see conflicts of interest in the corporate suite. we all understand that it is better for a company to repeat its wrong doing before the fbi becomes involved. executives who let the situation escalate to the point of a sudden restatement, and the resulting loss and shareholder confidence, often do greater harm t

tomorrow's "washington journal," we will talk with the republican congressmen and independent senator bernie sanders. then, university of maryland professor shibley telhami. then, and guest on north korea from the american enterprise. that begins a 7:00 a.m. eastern with your calls and the day's news. later, the troubled assets relief program, also known as "tarp." elizabeth warren will be there. we will show a portion of the joint economic committee hearing which begins at 10:00 a.m. eastern until the house gavels in at 10:30. >> how is c-span funded? >> private donations? >> i do not really know. >> from public television? >> donations. >> i do not really know where the money comes from. >> federally? >> how is c-span funded? 30 years ago, america's cable companies created c-span as a public service, a private initiative, no government mandates, no government money. >> president obama and vice- president biden laid out plans for stimulus of funds over the summer with a goal of creating or saving about 600,000 jobs in the u.s. economy. they made remarks just before a cabinet meeting in the

moved by what he said when he spoke openly about having lost his foundation with so much money in the bernie madoff uproar and fiasco. he was so smart and has lost millions but this is the book obviously that continues what he has been writing about the holocaust for our want to get through this book if i can this summer. of those of the five books i plan i hope to get through them all and star on some more. >> host: you are a busy man. where do you do your reading? >> guest: i tried to read before i go to sleep, i try to read on the weekends i just go out on my deck in the backyard especially if the weather is good. i am busy i do not have a lot of time to do fun reading but you make time. it is important. i really do appreciate books 57 wolf pulitzer thank you very much. information, visit our web site at book tv.org. >> and we >> we are back live from chicago with this month's "in-depth" program bill ayers has been our guest of the last two hours reno joined by one of his co-authors, bernadine dohrn the most recent book they have co-authored is "race course" against white supremacy" this

district judge denny chin and in doubt and a sense in the bernie madoff case. he has been sentenced to the maximum 150 years in prison for his multi-billion dollar brought screen. attorneys had sought 12 years while prosecutors one of the maximum. judge chin called for a staggering and noted that spend 20 years. he said the breach of trust was massive. the 71-year-old former nasdaq german pleaded guilty in march. he has been jailed since. it is the noon hour here in washington, d.c. in the 1:00 hour, we expect words from president obama on climate change and energy. we will bring that to you live and that is scheduled for 1:15 eastern, here on c-span. today you can watch a house hearing on regulating executive pay at publicly-traded companies. that is it 12:30 eastern time on our companion network, cspan 2. later, admiral timothy keating, speaking at the atlantic council, talking about north korea's most recent missile testing. we will have live coverage at 5:30 eastern, here on c-span. >> file-sharing has wreaked havoc on our business. >> tonight, digital musi

a standard which is of recent vintage in the city of bernie case, that having been applied in cases where it is very, very difficult to understand the conclusions of the court. if you take tennessee v. lee, where one article of the americans with disability act was upheld and contrast it with the garrett case where it was stricken. justice scalia, in the argument of the voting rights case, took issue with the congress on a 98-0 decision, suggesting that if it's 98-0, it must not have been too carefully thought through. it reminds me of the 98-0 vote that justice scalia got on his confirmation. many unanimous decisions of the supreme court. i'll be attaching as an appendix this cases, a group of cases. general moore where justice scalia decided the case 9-0. so if this legislative body, if the united states senate votes 98-0 in favor of renewing the voting rights act, relying upon the extensive record which i have cited, that's not a sign of weakness. that's not a sign that the senate doesn't know what it's doing with a 98-0 vote. so the questions which i have posed for judge sotomayor are

and let me thank the audience and ask you to remain @ earlier today come bernie madoff was sentenced to the maximum 150 years in prison for his multibillion-dollar fraud scheme. the district judge handed down the sentence in new york this morning. defense attorneys sought 12 years, prosecutors one of the maximum. federal probation program had recommended 50 years. the judge called a fraud staggering and noted it spanned more than 20 years. he said the breach of trust was massive. bernard madoff is 71-years old. the former nasdaq chairman, and he felt -- and he pled guilty in march and has been jailed since. later, admiral timothy keating will speak at the atlantic council, the topics include north korea's most recent nuclear and missile testing. live coverage of that at 5:30 p.m. eastern or hear on c-span. also earlier today, at the supreme court released its opinion in the case involving a promotional for new haven firefighters was rejected because very few minorities would receive promotions. white firefighters alleged that a bidding the exam at unfairly denies them promotion. the

it does not go as far as people like bernie sanders would want in having a single payer system. the finance committee is set to begin marking up its bill. max baucus, a democrat out of montana, has been adamant in wanting to produce a bill that would garner republican support. doing so would make sure that it has staying power of the coming decades, let alone over the next year or two. i would like to see if the sketch of the bill that they markup will leave republicans screening or frowning. >> thank you for talking with us. >> in a few moments, treasury secretary tim geithner on the economy and the government's efforts to aid financial institutions. in half an hour, senate term rakowski talks about the energy bill being marked up in committee. -- murkowski talks about the energy bill being marked up in committee. on "washington journal" tomorrow, we will discuss the supplemental spending bill. and with the former director of the national institutes of health, and she joins us at 9:00 eastern to discuss health care. after that, our guest is the un bureau chief of the "the new y

you want a roll call vote on this, bernie? all those in favor of the -- roll call? all right. clerk will call the roll on the sanders amendment. >> senator dodd? >> aye. >> senator harkin? aye? >> it was aye. >> senator mi cull ski. >> aye. >> senator murray. >> aye. by proxy. >> senator reed? senator brown? senator casey? >> aye. >> senator haguen. >> senator murkley. senator enzi? >> aye by proxy. >> senator alexander? >> aye. >> senator burr? senator isakson? senator mccain? >> aye by proxy. >> senator coburn? >> no. >> senator roberts? >> aye by proxy. >> chairman kennedy? >> aye by proxy. i want to recommend that all future amendments be offered by senator sanders. very good, senator. lamar alexander, you're up. >> thanks, mr. chairman. i have an amendment to title three, section 311. the purpose of it is to make sure that the right choices program which is in that title doesn't require the states to spend any money on it, and this is a relatively small item, probably, but i would like to make a larger point in making my proposal, if i could say just a word about it. >> c

one of them, like i say is the bernie madoff exception. the truth is we've had progress since about september of last year tightening loopholes but there are others and bad guys keep shifting activity. there's one thing that cut as cross all of them. it's called, i won't go in the technical detail bus it's called pre borrow. if we're the pre borrow which is what they did for the banks. it would fix the american marketplace and rid them of this problem. very fine economist here in town. robert shapiro. harvard economist. clinton's under secretary. one of the most respectable economists i've met. just a wonderful fellow and he's recently done a study and the study says, all their arguments against doing this are go knee. they're just, wall street is blowing blue smoke and mirrors to keep anyone from -dc from understanding the pre bar requirement. secondly, so it wouldn't actually have the bad consequences they say. secondly, if we don't do it what happened last september could happen again. >> thanks for coming on. >> thanks so much. >> on t

i said listen, bernie, if you want to offer a nongermane amendment, you can do it. if they want to offer a nongermane amendment. otherwise we're not going to do that. he said okay. they have all these nongermane amendments they want to offer and he has an amendment he wants to offer, which really is so -- all it does is restate the law and make it a little stronger. in effect what it does is take a look at the oil companies to see if they're manipulating prices. so the republicans said, no, we're not going to agree to that. we want you to take all of our amendments, we'll vote on them and none for you. well, mr. president, that's not fair. it's not reasonable. it's only an excuse for republicans to, again, stymie legislation. so let's get the facts straight. at the start of the debate we offered republicans, they could do nongermane amendments. they could have more amendments than we had. we agreed to do that. not a single one of the republican amendments was related to this bill, and some of the amendments were even duplicates. but i said let's go ahead and do it a

under the 14th amendment at one time seemed unlikely, but the court has done that in cases like sydney bernie. the expansion of due process, which seemed to be attenuated in the 1960's has flared into life since that time. property protection. last year, the second amendment, d.c. versus heller. that's quite a lit list of areas in which the court has invigorated or rediscovered constitutional protections. coy add to that list, but i think you get the point. we remember the warren court for activism. we should remember just how much has happened in the courts since that time, and the story, in many ways of the supreme court from 1969 to the present time, this 40-year period, one of the themes of that era has been the struggle between republican presidents, reagan, and nixon before him, and then the two bushes after him. to try to he reshape the face of the supreme court in light of what they thought was wrong with the warren court. nixon put four justices on the court. rehnquist among them. a solid conservative, but then you had some that drifted to the left wing of the court like justice blac

issue if you want to find out a lot more information infoworld.com ann gates like a ponzi scheme with bernie madoff. i appreciate program. thank you. >> guest: to answer the question i am a co-sponsor of that bill. the federal reserve system of course is a private bank. they've been doing some very amazing things lately. i think it is extremely appropriate for the federal government and those of us in congress elected to office to know what the federal reserve is doing, and so i think it is a very good bill that ron paul has. a lot of co-sponsors. that's a basic transparency of the federal reserve is doing things in the up and out than they should be willing to share that information with us because they do control our suwannee supply. there was an article that appeared to weeks ago on a thursday which shows what they have done with the supply of money in the olden days because of that running the printing press and you go back from 1960 and it is buzzing out and down a little bit and you see this tremendous spike this year and that is the amount of money that's been created. new money print

good morning, bernie's. caller: good morning. since 1945, we have been giving israel $4 billion a year. there are only 5 million in israel. they are only using it on tanks and nuclear energy, nuclear bombs, and i think we should cut that out. people and not realize that hitler was a jew. host: we're moving on to new york city, from paulette, on the independent line. next, falls church, david, democrats like. caller: hi. i wish i could have asked the congressman a couple of questions. it is interesting how he himself can come before the american people, through c- span, and completely just misrepresent what the democratic position has been. you know, the last eight years -- for that matter, the last 25 years, any time a republican has been in power, they have completely butchered our financial system. it has always been looking for and taking care of the big banks and what not. but let me understand. this election that just happened in november is the out like a complete rejection of the republican philosophy of government, and we

give new power, a one to make sure that we have sufficient policeman there to police -- how is it that bernie madoff gets behind the sec -- gets by the sec after people like complaint after complaint? i think that is part of the reason they want to create a council with all the regulatory commissions, headed by the secretary of the treasury, so that everybody can watch what everybody else is doing and ultimately -- but we're going to have to put more people in to watch. if you have more incidents of crime in your neighborhood, you might want to be able to have more police on the beat and put the police where the crime is at. i think we are not really watching, nor do we have sufficient personnel to watch our financial industries. host: the next question is from houston, pat, on our republican line. caller: good morning. i think while many americans are very concerned about the financial crisis, i think more of them, or many of them, are more afraid of the politicians in washington than they are of wall street. i watched the questioning of kenneth lewis yesterday, and i was appalled at the tre

including the many ponzi scheme so prevalent in the news today from the high profile financiers such as bernie madoff to seemingly ordinary individuals from arizona, arkansas or massachusetts, even minnesota. we are targeting accounting fraud, insider trading and deceptive sales practices. which we identify the key players. we investigate and bring the appropriate charges, agents and analysts on our corporate fraud response team. as an example our specially trained complex investigations and a very short timeframe and they can be deployed at a moments notice across the country. we do not take these investigations lightly nor do we open cases without careful consideration. we do recognize the impact of a public disclosure of a criminal investigation may have on the companies reputation and on the market as a whole. these investigations further emphasized those in need for independent board members, auditors and outside counsel. shareholders rely on a board of directors to serve the corporate date as of the corporate watchdog. but often we see conflict of interest in the corporate suites. we all

international bankers are running the country and world economy like a giant bernie madoff ponzi scheme. thank you. guest: the listener raises an interesting point, the federal reserve is not democratic with a small d, it is not directly accountable to the political process. it was designed that way, to give it independence, so there would not be undue political conflict over the decisions made by the fed. by the same token, we are a democracy. and to much independence does, it seems to me, raised questions about accountability. now come in this particular crisis, the fed has done extraordinary unprecedented activity is to stimulate the economy. it does seem to have worked in the short run. it raises questions about the future about debt -- the independence of the fed, and how directly involved in has been in the activities. while i do not endorse the ron paul bill, it does seem to me that we should have a lively public debate about how independent the fed should be and are there ways to maintain that independence while at the same time we increase the accountability. host: up all the f

joining us in just a few minutes, senator bernie sanders, independent from the state of vermont. we will also turn our attention to foreign policy, the situation in the middle east, the elections in lebanon, and also shibley telhami will join us from the year sever city of maryland -- from the university of maryland. it is tuesday morning. "washington journal" continues in just a moment. >> harvard law professor elizabeth warren heads to the congressional oversight panel which monitors the spending of the $700 billion troubled asset relief program. she will testify this morning before the joint economic committee on the recent bank stress tests. we will have live coverage right after "washington journal" at 10:00 a.m. eastern on c-span. and treasury secretary timothy geithner and the irs commissioner today before a senate appropriations subcommittee talking about their 2010 budget. at 2:30, health and human services secretary kathleen sebelius. you can also find them online at c-span.org. >> how is c-span funded? >> private donations? >> taxpayers? >> i do not really know. >> fro

costs of their medical education is in the range i think everyone and acknowledged the 150,000 that bernie mentioned it is not unique to vermont and maybe a local lumber then your ability to actually make that choice is the primary care for the very reasons you have identified are so low that your ability to pay off that 150 is daunting is so even if whether it was out to wisdom or lifestyle questions the decision has been made for you whether you like it or not you are going to have to move into an area that gives it a greater income capacity to meet those finish obligations to have incurred. if you can begin that process by saying we hang it to a medical education for less than the 150 provided you are willing to really spend time in this primary care area which we all acknowledge where the gaps are then i think it's easier for a person to make the choice. the reimbursements still has to be addressed but if you settle yourself with a huge debt to begin with and, of course, if we do or don't deal collectively reimbursement will have a huge impact. i don't think there is any debate about t

. >> host: our last call from wyoming, independent line for a senator bernie sanders. >> caller: good morning. i just wanted to talk about, i am not sure that national health care is to the answer. i know we need something. i am a retired social worker and retiree this than a year ago. 20 years in social work and nursing home, hospital assisted living, worked with medicare and medicaid and the veterans' association. it is terrible. people have a terrible time with it in the nursing homes, the doctors' offices have to employ two or four people to try and get reimbursement from medicare to argue with medicare and medicaid on their bill. i worry that a national health-care system run by the government like medicare and medicaid is going to be another problem like that. i think, i saw my doctor recently by heart doctor for 10 minutes and it cost me $92. that is part of the problem with health care. that is outrageous. >> guest: can i move ahead to one final question, but also ultimately what to think congress is going to vote on. >> guest: what i would say to sandy is i think if you talk

. >> i'm going to go to bernie sanders and then you can max mr. chairman, let me just before you go to a vote to say that everybody recognizes there is primary care problem, but that is not the only issue we have in providing health care. if we just have doctors and we did not have nurses and occupational therapists and home visitors and all the other professions in public health we will not solve the health-care crisis. >> senator enzi it defines primary care provider in health care professionals -- i presume you mean by that that would include health care practitioners, nurses and so forth. >> no, he is talking only about doctors. >> only about doctors. >> that is aholt -- >> i am trying to help you. >> mr. chairman, that is the crux of the argument that in addition to there has to be primary-care held teams that talented and overworked providers also turn to someone. i can and social workers. >> but that is why repoire de the report by billion in into hundred million into primary care providers and that is what i'm trying to change the dynamic

also drunk and also aliterate been i've got a copy of bernie's marriage certificate with his axe right there. party is only accomplishment the side of the 10 prizes that he won on the corn shuck staffing of the poor man's roulette wheel there, the only thing that he ever accomplished in his life was a trained a pair of old nags to haul him home dead drug. he would fall at the tavern, pass out in the wagon and the horses would bring him home. that is what he accomplished in his life. grab by jake, he left home on with a fifth grade education heading for the bright lights of toledo and he went to work is a buggy mechanic. and then one day it worse was monday pulled up at the shop and grandpas on that and he saw the future. he thinks back to do. did not take grandpa along to know that clinton has was to be had in more money was made selling them rather than preparing them. and also my uncle birth date and my grandma and grandpa's wedding anniversary were a little too close for comfort. so any way he got in the car business and by the time that i came along in the 1940's we had an ehud bus

it is like a giant ponzi scheme run by bernie madoff. guest: i have a co-sponsor of that bill. the federal reserve system ais a private bank. they have been doing some amazing things lately. i think it is extremely a proper for the federal government and those of us in congress to know what the federal reserve is doing. so i think it is a very good bill that ron paul has, with a lot of co-sponsors, and it is basic transparency. the federal reserve is doing things on the up and up, and they should be willing to share that information with us because they do control our money supply. there was an article that appeared two weeks ago on a thursday in the editorial page of "it will street journal" which shows what they have done with m1, which is the supply of money. you go back from 1960, van de graaff

on wall street, people have been astounded in trying to answer the question of how could it be that bernie may dauf was scamming thousands -- may doff was scamming -- ma doff was scamming thousands -- madoff was scamming thousands into giving up their money. where were the agencies, where were they when speculators were wreaking havoc on the oil markets? i can think of no sector where honesty, independence, and transparency are needed more right now than in our financial and commodity markets. yet the regulatory -- regulators of these markets have been athroud work with no oversight of what they are doing and whether they are fulfilling their mission to protect the american consumer. that's because the inspector general, as the chairman outlined, who should be working on behalf of average americans, were working for the heads of the agencies they should be overseeing. as i said earlier, this is a classic case of the fox watching the hen house. it's having a profound impact on the work of our regulatory agencies. we have done our review and this is something that we pointed out at the commi

want to welcome bernie sanders. . guest: our system is geared toward making money for the private health insurance >> i don't want to talk any other viewers, but the function of a private health insurance company is not to provide quality health care to all people in a cost-effective way. is to make as much money as they possibly can. and when you have that paradigm, if that's what the goal of the system is, you end up not only with 1300 separate private health insurance companies, but you end up with thousands of different benefit packages which cost an enormous amount of money to administer. so the bottom line is, we are the most, not only the most expensive, the most bureaucratic and wasteful system in the world. we are spending hundreds and hundreds of billions of dollars in the administration, and profiteering from the insurance companies whose profits are doing very, very well getting an exorbitant and compensation packages to ceos a couple of years ago. a fellow who was the head united health got $1.6 billion i

i hear the gas talk a lot about health care companies and i am frankly with bernie sanders on the way he feels about health care and that is a single payer. when the iraq war is all said and done and that will be about a $3 trillion debacle and we are screaming and yelling now about a $1.6 trillion health care coverage to cover everyone and i just find that just so hypocritical, it's not even funny. i think the republicans unwilling, you know, they want compromise to get this bill pass and everything and i think that we have compromised by taking single pair off the table. >> host: let's go to an e-mail we receive from a your rights, the federal government is restricted by the tenth amendment to oppose on citizens and all the looking for it to the california is unconstitutional fiasco of a bill. let's go to our next caller on the republican line from maryland. >> caller: hello. a great show, thank you. i have a question put your guest about a theory i have on simplistic solution of this problem and that would be to enforce all the insurance medical insurance company is to provide