We found out today what can happen when you are a top nuncio who openly bashes the obama administration. It will cost a company. The legal costs in defending itself in a slew of federal investigations will total at least an astonishing 23 billion could go even higher. This for a bank that our government thought necessa to raise billions of taxpayer dollars to bailout. The banks chairman and Ceo Jamie Dimon has been one of the few bold enough to criticize t white house Economic Policy which has made him a target of sorts. With me now, former goldman vicepresident who is now a schor and a liberal think tank. And neil weinberg, editorinchief of american banker. To start this off of what you to look at something. Want to make a chart of the different agencies investigating jpmorgan. There are so many we could not fithem all on the same screen. And look at this next screen. Five more. Ten agencies. That does not even mention the fha or the many state investigions. Now the wall street journal editorial page, washington is leading. P. Morgan and may yet stirring up jamie dimon as a lesson in what will happen to any banker who dares to dagree withis whington bses. His storytelling needs conflict. Vestar with conict. What do you think of that point of view, the idea that this is really atome point a witch hunt. Thankou for having me on. Actually, i have the complete opposite view, as you might have guessed going into this. I think that the criticism a the fact that jamie dimon has been so out front in the resistance to the form of wall streets has really caused him to create a whole sense of defiance against regulors which is really what has happened. If you look at the reports that were done on the london whale case, it is clear that h has created a corpora culture where regulations are not to be followed byhe letr and the spirit of the law, but to be avoided. I think th is really what has gone on and why they have gotten dennis by the way, did not see the chart exactly, but there are sevel other countries. I dont think he dennis and yet, you know, jpmorgan takes its own money and loses 6 billion which is a pretty good lesson about risk. Yet the government comes in on top of that advise them almost a billion dollars more. Why fine a bank for losing its own money . What is that . Obviously it should not be legal you should not be fined for losing money or taking risks in ts case with the government is saying is that jamie dimon or his bank was not being honest with the government. I can tell youou, y asked if this is a witch hunt. I think it is half a witch hunt. Clearly there are some people who dont like the fact that jamie dimon has been speaking of, but we have also an american banker, some of the things that the government is going after. We were there in some cases first and i think that there is some fire or themoke is coming from. Example, there wererying to collect from people were delinquent on creditards. They did not have the records to go after these people. It was extremely dubious behavior to either sell this to collection agencies or have their entire infrastructure of lawyers around the country suing people when they did not have the goods. They have since shut that dn and there in trouble. That is why the investigation is going on with the occ. Dennis in the entire meltdown jpmorgan was one of the good guys. They did not trade in synthetic ceos. A real and the government says we you pleased by a bear stearns in Washington Mutual the. 70 percent of the offenses,ll the companies, weought them because you asked us to. Were picking on them. Go back and listen to what was said by the management at the time he was acquired. They were giddy about the transaction. They brought to bear stearns for roughly the value of the property on park avenue. Dennis my point that these wee guys who did something right. We areingling em out and are about to destroy them. Trading up. They actually are profitable, more profitable than wall street expect, but for the legal costs. Theyre in no danger of going down. My poi here is that they actually benefited hugely from the bailout. All of these otheran. Not that they should they should not be punished for things that went wrong. The part of the witch hunt is what youre saying because he was a hero during the financial crisis, came and. That was good. Now he is getting slapped for during that also bank o amerca bought cotrywide which was voluntary. They paid about 50 billion to settle problems. You cannot say. Dennis when a bank the worst melt down since thereat depression is up losing more money not in a meltdown but in the aftermath because of the fedel investiggtion and penalties, isnt there something wrong with our system . The could be something wrong with the system or jpmorgan. You have to also take into consideration, jpmorn was bailout. Dennis they paid back every penny plus interest. The best way to think of it is that the whole system, ether it was mey market funds or currency swaps, th whole system was about to melt down. So evenhough kaytoo did not miss jpmorgan did not necessarily needed an infusion, they benefited from the system. By that logic we get bailed ave seen meltdowns in the late 80s and in 2000. And in 2008. Every time the government has to find a few culits to make in the poster child and to kind of beat up on them so that we all get our moral lesson. What about a wall street amnesty . What about a treat and Reconciliation Commission . Lets stop all this because i feel like we are bleeding the very banks that we had to bailout to save the system. The bigger problem is the w we are leading the banks. There is validity to some of the government investigations. Not a, some. I also think that the regulation is going to strangle us. The regulation is going t shnk kaytoo and some of jpmorgan and some of the oth banks by forcingectus business out of the banks. That is true. As a very good thing. I think that the fact of the matt is we have he we dont need a treat reconciliation committee. No one more than a fabulous vampire them a fabulous that has been really prosecuted. The fact of the matter is. Nnis ther was not true criminal activity going on. Are the government has said the situation was so bad and tenuous. One other tng that is going on here. You have regulators, the office of the control, the currency, fcc, played as fools during the financial crisis, did not see anhing going on. Deis now they can be the ones in the sysm that no matter. What i worry about is that what we are really doing here is the will ossification of the ameran Banking System we are making so that they are too afraid to take risk, not that they will lose money, but it will pay even more in fines. I am taking the last word on that. Thank you for being with us. Appreciated. Now we want to know what you guys think. Here is our question. Is the government ought to destroy . Log on to a gerriwillis. Com and vote. We will share the results of the end of tonight show. And it seems washington d. C. Is set to destroy itself. D 11 of the government set down president obama and House Speaker talking on the phone. Both sides sayhat while there is no deal the chat was constructive. Rich edson is at the capitol with the latest. Well, talking in right now republicans in the house are waiting for a counter offer from the white house. Republicans lt eveningn late night negotiations presented the white house with an offer. Raise the debt ceiling, reopen the parts ofhe government that are closed and included spending cuts and mandatory health care cu as well. House republicans say they waing for a response from the white house on all of this. Right now you have this sense in washington where their rhetoric has been gile down. Folks in the house are letting the negotiators for congressional leaders and the3 white house talk this one out. Theres a separate track going on in the scent. Aumber of republica floating their own plans looking for democrats to sign on boa which would close or open the governme for another year or fund the government for another year, raise the debt ceiling for shortterm in the medical device tax and health care law. The number of proposals floating around that these White House House republican negotiations arally the pmary track right here. Iting to see. I have to tell you, democrats and republicans have been stuck on issues of taxes, revenues, Government Spending for years now. There are some certain things that they ccn do within that where they sort of agree and ll be willing to go. Longterm debt deal right now over the next few days is certainly not going to happe some of the chaes the republicans actually want to make our important strabismus. This to a 3 percent t on medical equipment makers is o the revenue folks are not on the profits tt are left over. That is the revenue. I talked to the ceo of a medical Equipment Company as it basically they will live, entire profit growth, now, this started out as fight about obamacare. It feels like it is n about obamacare anymore. What you think . It depends upon who you ask because there still are all obobamacare components the republicans are pushing for. Republicans still want or are floating according to one congressman a 1year delay in the individual mandate that makes or requires almost everyone to have healthh insurance nextear. When you look at the senate proposal, we just discussed that there is that element of medical device tax which is something in a budget vote that does not really have thforce of law. As an estate in a vote. It did not become law, butt di sen a signal that 79 or 80 g that tax. That should be an easy wayhat can be easily thrown oto this. Dennis the democratic controlled senate. Refusing to negotiate or make any changes at a, yet the mocratic controlled Senate Previously said it was left that equipment tax. These guys wi fight over anything, even whenhey agree. And that is the thing. And so you have the white house message on thishich has been you raise the debt ceili. You find the government. And then we will negotiate. Right now the white house is ging a little bit. When you have Something Like this this state of massachusetts lot of medical device companies. Senator is looking out for their home state interest, though they may beemocrats, they dont want to see the tax. You have that and some other northeastern states with the same type of thinking. You wp all of these issues a might get to something. That is where everythinis sort of moving all over the place right now. It is tough to tell what wi be included. We look to that because it has been so popular in the senate. Denniss one last frless prediction. Will there be an accd by sunday . No. Dennis nicely don okay. A lot more still to come, including ways to make your work experien a little better. And next if youre on facebook they will find you whether you like and not. Why advertisers and perfect strangers or worse an ex lover may soon bable tt search you out. Any last requests mr. Baldwin . Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he notee that coming . Whats iyour wallet . How did he notee that coming . Customer erin swenson ordebut they didnt fit. Line customers not happy, im not happy. Sales go down, im nohappy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat cusmer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im hay. I ordered another pair. Im happy. both im happy. Im happy. Hay. Happy. Happy. Happy. Happy happy. I love logistics. Afghanistn in 200 on the u. S. S. Saratoga in 1982. [ male announcer ] once its earned, usaa Auto Insurance is often handedown from geeration to generation because it offers a superior level of protection and because usaas commitment to serve current and former military members and their families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it mans to serve. Dennis add realestate mogul ted the resonate far mark zucker byrd, paying 30 million to buy four houses surrounding his own in palo out so, california. If you wanto do a flyover. Fuelling his shopping spree is a lust for privacy after discovering the developer wants to buy one of those songs and flip it by using the facebook billionaire as the hook, he made the move buying the homes by leasing them back to their forerunners. When it comes to your privacy, he takesacebook in the opposite direction, getting rid of a pricy feature that lets users limit who can find them on the site here to weigh and, adam levine, the chairman of identityest 911. Thank you for being with us. First, tell us why. They are arguing that since there are some money back doors wheee people can find you anyway , they can go facebook dot com dennis kale and get to u. So therefore having this sort of omnibus feature about using searchngines to get your timeline, you know, within facebook, it did not mean anything. Dennis a projection that was not doing much anyway. Creating a false sen of security. Dennis previously and was ae to stop some crazy exgirlfriend search, but now cannot. Except for the fact thatt is such a small percentage of people anyy. With facebook, a small percentage could still be millions of people. Listen,e are facing a constant the erosion of privacy. There is no question. Facebook has been ading the charge. He himself said that, you know, there has been a padigm shift in the concept of privacy. At this point there isnt any. Playing so much information out ther dennis is a ridiculous of us in the privacy pruts even make an issue of it given that he much privacy anyone should expect when they go on and say come here is the college, my religion, what i think. Is it a misnomer . Should we never have expected any privacy . People have a certain concept of what they want to see in other people and bngble to limit those people. Facebook argues that depending on the items and where they are that you can limit to friend friends of friends, acquaintances, the solarystem, you kw, whenever you want to do in terms ofow public and expose youish to be, but i think that in this first of all, were living in a world now where i think we have generation i, generation invincible. Peop think they can say anything, do anything, and theyre bulletproof. An they are not. There are too many people what your information. Dennisif it i not careful it will be on the wrong sidef this trade. Think about this. The American People are gting increasingly concerned about just how much about them is available. California state legislature passing any laws aimeatids still have the right for the state forces websi stick give kids a chance to take down comments. I was emailing the ceo of an outfit. They have temporary phone numbers or you can sign uand get rid of it in a day. In fact we have a segment coming of later tonight michele. A bunch of new apps. Thii type of blitz dappeared. Those. So isnt facebook kind of on the wrong side . Shouldnt they make it far better to let me know my privacy . I have no idea how to do my settings and feel like the company is making it difficu. They claim they want to ke it to the point where you can decide when you do something to you want to see it. It changes. It is a mystery. Every day is a new adventure. And that is a great concern. They are ultimately going to end up on the wrong side. , but the news service that is more exclusive and more ruling o and as a lot more blockk and obstacles to others being able to come in and see everything. Should they take this job back and turn it into a Profit Center . Absolutely. A great article. The main announcement. A new program. 20 a pictureou could make the information disappeared. I thi that is a great business plan. The old days the white pages in the form but, you were listed unless you pay the p phone compy extra to be enlisted. Maybe that model. Thank you for being with us. And febook is by far the Worlds Largest social media site with nearly a billion visitors every month. Issues of privacy are certain to become a reality for the other side out there. The most popular social media sites besides facebook make up to arrest of five. Number fiie, google plus, a fastgrowing network. That number ses to be going on the up as opposed semaphore, the late my space, this 10yearo network has been one of the first to launch e social media crazed but is mostly a music sharing site. Interest, the photos sharing site thats more than 85 million monthly users been up items that they like. Number two, linkedin, 102 million monthly users. Thnumber one most popula social site is twitter. About a quarter of a million monthly users, a quarter of a million has to be wro. Must be a quarter of a billion. Lets hope it is better than the facebook ipo. We left out tumbler which has hundreds of millions. Is to grant. You get the point. Later in the show, our legal panel debat whether unpaid interns are protected under the law when it com to sexual harassment. Next, we answer the question how do you do that . We will tell u the best ways to get along with church at work. Even if you guys seem to have nothing in common. So i can reach allnk 24 7, but therare no branches . 7. Im sorry, im just really reluctt to try new things. Really . Whats wrong with trying newhings . Ok mommys new vacuum cat screech you feel that in yi do. Cles . Drink water. Its a long story. Well, not havi branches lets usive you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. [ mthat if you wear a partial,w youre aost twice as likely to lose ur supporting teeth . Try poligrip for partials. Poligrip helps minimize stress which may damage supporting teeth care for your partia by stabilizingour partial. Help protect your natural teeth. Wheres tommy . I thought was with you. No. Jack playing twinkle, twinkle, little star. dont stop keep playing here we go. Heres the fun part dennis are difficult coworkers making a ty Office Harder than it should be . Dennis css in with your coworkers. We have all had to go through it. Working with jerks that can turn your job into a personal hell. Andlways easy to deal with census can be quite an uncomftable situation. Here it with experts device on how to handle it, and our best communications eert. Thank you for being with us. Coming communicaon errors that lead to jerky confrontati. Lack of specificity in what you say, lack of respector rebuttals, lack of focus undesirable behaviors and lack of immedia. As second chart, a lot of wha happens is is better communication is needed. A lot of misunderstandings, misperceptions. The first one at the top is lack of specificity. And the easiest way to describe thiss the phrase as soon as possible. What does that mean . Dennis almost nothing. It is one of the mos common phrases andork places today. You say that to me and i tnk you mean, you know, nex tuesd on my schedule. But you wante by 70 tonight. Dennis something about posture. And this is your translation for some people are just a jerk. Lack of appropriate tone and body language. Sarcasm, raising your voice is somebody when youre upset. Dennis cant get just the being in panic. Dennis are we being a little precious few back the fact is people going to letact . Poor customer service. A final like you as a cworker in need you to get something for one of my customers and he will back, that impacts customer service. If i have a good attitude and i am in a better Work Environment is causes turnover. And goingo turn over and get of there. Dennis trust. Trust is the foundation of everything. Final trustee of my best interests at hrt are you will follow through on last year due, not a contest to do anything. Dennis how important is the a of apology in dealing with coworkers . It is huge, with the apology has to be sincere and we have to believe in it. If we dont address taiwan believe the apology rather. Dennis the solutions to this coworker conflict. We have to teach people how to comnicate to influence in a sitive way. How to confront issues directly, probably, but also respectfully. Dennis just be not so much of a a reading to a Point Society because i work with younger coworrs. This will do with an all. Suddenly they are so does respected feeling like, oh, my gosh. Im just trying to get the best work. Are people too sensitive . Yes. There is balanced. There is pendulum that we have to walk. Absolutely people can be sensitive. Ellis selfesteem and our society which is an epimic. And so dennis close of this team . Waa it is the opposite. A bunch of people who are way too arrogant to have never received anything. That is all interrelated. ure absolutely right. Dennis tha is amassed they put on. Just like bullying. Bullying is dennis based on insecurit aubrey this is driven by insecurity. I fearailure and work a lot harder. And that is where the balances. Some of us put it toward good use and bowser behavior. Others use negative ways to get it. Dennis ovell apologies are important. Be nicer, watch your town, onc the body language. And be more specific and as for what you want. Ddnnis i like this idea. That was my new years resotion. I will start asking mo people for what i want. So far they keep saying no. Thank you for being with us tonight. Coming up,nd mourning for all of you bondnvesrs. And an unpaidntern sues the company that she volunteered for claiming sexual harassment, but is it legal . Is it legal . Our panel of experts wilthe oce. The peruvian anchovy harvest suffers. It raises the price ofishml, cattle feed and beef. Bny mellon turns insights like these into powerful investment strategies. For a university endowment. It funds a marine biologist. Who studies the peruvian anchovy. Invested in the world. Bny mellon. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis spiriva is a oncedailinhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva haihaler tiotropium bromide inhalaon powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you haveidney proble, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discs all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenlyorsens, your thrt or tongue swel, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. Losing thrusters. I need more power. Give me more power [ mainframe ] located. Ge deepsea fuel technology. A 50,000pound, ingeniouslyired machine th optimizes raw data to help safely discover and maximize resources in extreme conditions. Our curre situation seems rather extreme. Why cant we maximize our. Eady. Briiant. Lets get out of here. Warp speed. Dennis smart tool here yes, gerri willis. Dennis is working for company free of charge in the mini your employer has the right to harass you . The controversial ruling made by a federal judge inew york last week ispaaking some outged judge ruled tt unpai interns and a protected. The human rights law. They cannot sue there eloyers again sexually aroused. Should an unpaid intern is protected. Joining us with our legal panel, an employment lawyer. And a fox news leg analyst. You know, any time we come up with an intern and harass and sexy wind up thinking about all bunch of things in recent american history. Whe do you guys fall on this . Legally as reprehensible as mrs. , horrible case where a womanas groped and promised a job and after she disappeared in the grand hotel she lost the job so it was horrible. Legally the judge got a right cause she is not an employee. That can be changed to bar right now employees are not protected like that. I thi the judge gott wrong. Under wage and hour laws, there have been cases of interns you were providing a benefit to the employer and therefore should be paid. But wasot being paid. But they were able o ultimately be paid because there were benefiting the employee. She was not going out and is making coffee and cocktails. Sh was doing real work. Dennis you would have gone about it in a different w and saying she is a defect to hourly employee. That is correct. However, if you just want to have a law that says straight up inurn should be paid that is a great dea. Dennis you will have a lot because a lot of people wont hire them. That is the beauty of unpaid interns. You bring them in and do not p them. Dennnnis they dont havto worry about the same litigation possibilities the budget wit fulltime employees. That is exactly what the court is saying. I think that is wrong from a moral standpoint. From a legal standpoint aware that the law is now, that is correct. Fst of all, she is still have an assault and battery civil suit. Under criminal charges against keating wrote. Second of all, the employer, says he is high on the totem pole could tn the employee with his actions and be involved in negligence supervision cases. [inaudible conversations] my point was that if you are high enough in the pecking order your actions could bind the employer. Told the employer liable. Yes. Right. And inrestingly enough tissue or an employee and this hpened a work the employer could have a defense which is that it shod be dealt with by workers compensaon. She is not an emmloyee sheould have a case like that. So she might be better off. And employ you. Thats right. A worker that comes in every day. They dont count as anmployee. T most famous and turn. And there we unpaid. Only the unpaid interns were there. She was the one that brought the pizza immolated night. Thais all other story. As i said before, if you a doing coffee, bringing me coffee , helling babysit for the bosss daughter, that is not a benefit to the employer. Dennis a quick footnote question. This year and woman, a 42r 23, she did go to the boss is the tower room. If this were a fltime employee of the company payroll, sexual harsment case, would it be a mitigating factor that she had willingly got to . You cannot bme. Would be wrong. She was afraid that if she did not go. It came down to quit pro quo. You come to the tell, do what i wanted to do the family get this job. She said no. Do not her fault. Soon after she did not get the job . Exactly right. She sued after she did not get the job. She was promised a job and did not get it. Dennis if she had done the job she might not have sued. If she got the job surely would not have sued because youd be happy she had the job. Dennis of five suing for asman and got the job doesnt that mean if i want to take the job must not think the harassment is that bad . You can look at it that way. that part of the case, she was not hired because she complained about it. The point is if he had taken the job she would not be suing harassment. You can still sue your employer. Happens every day of the week. Someone is there, and happy, denied a promotion, denied a good position and soup. It would notave happened if she got the job. Dennis there is something i know. We are just going to lve it right there. Thank you for being with us. A wonderful job matching the dress to the eyes. Professional consulting. My time. All right. Thanks a lot. When we come back a look at how you can pose some the online and have disappear. And with bigname companies dropping in treasury, is this a sign of where the bond market is headed . Will we looking out for you and your gerriwillis. Com next. You really love, what would you do . [ woman ] id be a wter. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [oman ] id be achitect. What if i told you one could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . Its hd to describe, because you have a numbness, but yet you have the pain like thousands of needles sticking in your foot. It was progressively getting woe, and at that point i knew i had to do something. Once i started taking the lyrica the pain started subsiding. [ male announcer ] its known that diabetes damages nerves. Lyrica is fda approved to treat diabetic nerve pain. Lyrica is not for everyone. It may cause serious allergic reactions or icidal thoughts actions. Tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. Or swelling, trouble breathin rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores from diabetes. Common side effects are zziness, sleepiness, weight gain and swelling of hands, legsnd feet. Dondrink alhol while taki lyrica. Dont drive or use machinery until you know how lyca affects you. Those who have had a drug or alcohol problem may be more likely to misuse lyrica. Ask your doctor about lyrica today. Itspecific treatment for diabetic nerve pain. Ask your doctor about lyrica today. Ive got a job to do today. Ive got a job to do today. Have a good first day at work, mom your donations to odwill fund jobtraing programs right in your community. Feels good to start fresh, right . Sure does. Narrator and like that, u a job creator. Dennis this function is alive and well in washington d. C. Tonight. You need that. None has come up wiih the deal to reopen the federal government , hammer out a sensible spending plan are deal with the deb. The only thing they seem to agree on is to keep on talking meanwhile the rest of us in the by the situation. Eld hostage when will all of this come and have an impact on your money . President and founder of into a portfolio strateeies and author of the buck he correctly forecast the real estate collapse in 2006. How does it relate . Your living in the twilit ne. If they do not raise the debt ceiling in washington d. C. And we have a balance was a minute however, if we raise the debt ceiling in extending cdit card limit that is the correct thing too and fiscally irresponsible. I ve no idea what is goi on. Dennis what is the right approach . Split that they before us. The right approach is to keep the amount of the deficitrowth under t increase in nominal gdp. We will somehow someday be able to bail out the debt. Dennis rewind that. The wayo d it is . If that percentage issgrowing and less quick rate than the increase i nominal gdp, that debt as a percentage of gdp would be falling. The best thing we can psibly the biggest the already have 17 trillion in debt and consistently pass the entitlement program. Nowwe have a premium suppo for 20 million individuals who cannot afford health insurance. I wonder where theoney will come for these people. Over two and half trillion. When we going tolacate our creditors and let them know that the united tates government will never defaults. The only way that we caa do that is to bring down our deficits. I cut the deficit in half since i took office. The deficit in 2007 was under and 60 billion. Because it went to onehalf trillion. At a single year. I am not blaming the obama. Dennis i am. I am blaming w2. Obamacare into a recession and depression. It is not always fall. You cannot sit there and say happy days are here again. Look at us. We are fiscal conservatives. E deficit is 750 billion. Dennis we are happy about it. A un have to worry about anything. The deficit is up tremendously from mary was. Dennis did not read a recent headline coming 8 of Government Spending is on automatic pilot. We let people being categorized as unabombers. We have to do something about entitlement programs. We dont need to add to entitlement programs. We need to fix the ones you already he. You need topend less im soal security, but now were supposed to believe that thi gridlock in. C. Is going to lead to a grand bargain. Am i suppose toelieve the democrats are going to dismantle Social Security in all of these retirement programs . , supposed to believe they will embrace o mass use tax increases on wlthy . It is not going to happen. The bes thing is a small deal with it will save face. They reduce the tax. We cannot go home and celebrate the fact that we are careening toward insolvency. Dennis until the next crisis. We have to wrap. Just checking. When you said that the teaarty is americas answer our home. You were not being sarcaic or ironic. You mean that. I love the tea party. As ive countrys best he. They want to balance the budget, strengthen the currey. Now you are treated, these people i know, like i said. Dennis they have been characterized as such almost by our own president. One last note, one reason that we have not yet had a crisis, every year we have been paying about 360 million in interest costs. Basilly identical to what it was ten years ago wnhe debt was malt tohe far smaller. Thank you. We have to go. Thank you. Appreciate your time. Thank you. Dennis that was a lot of time. You got plenty. Lets go another segment. Deis take care. Still to come, we will look into theewest trend in social media. The tempura web, when information disappears after only seconds. Um. Wheres mrs. Davis . She took an early spring break thanks to her double miles from the capital one venture card. Nowhat was mrs. Davis teaching . Spelling. Thats not a subje, right . I mean, spl check. Thats a program. Algebra. Okay. Persons a and b are flying to the bahamas. How fa will they get there . Nt you need distance, ratend. No, all it takes is double miles. [ all ] whoa. Yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. Youre the worlds best teacher. This is so unexpected. Whats in your wlet . Dennis coming up in a social media is here to stay, but do your messages have to dennis on the internet the rule ofhumb is thatothing ever disappears. But new applications are trying to do just that marries the messages, photos andeconds, and a hot trend in socl media. With more on this, a principal in u. S. Advisory innovation leaderith the w. C. Price waterhouse coopers. Maybe that is what they are funding as. Thank you for joining us tonight. A nice new aircraft. Usually when i see this guy he is absent minded professor it needs a haircut. Explain this, the temporal web. The idea that people dont always want everything out there for the rest of their lives. When the internet for started out the deal was everyone to have everything woull be added together. After that happened people started to realize there we some things they would like to take off. On the dimension of privacy about time the control which is where we are starting to see it happen. Dennis was run through a few examples. You have a show. Snap chat lets you send photos with a catch. Absolutely. Founding with the idea that you could take a picture of vid and send it to a friend and again last anywhere from one to ten seconds and it is gone. Not about being upon the web for ever, but viewed by an individual and then not there anymore. Dennis this message will selfdestruct. Exactly. The thing is that a lot of people say that this generation does not care about privacy. They do. Theyre dimension of privacy is different. They want to get temporary in the new world which he goes privacy in control because privacy. Dennis interesting. The problem, lets see sign up for a phone number that youse for a day, an hour, we, and then you burn eight and eliminated. This guy was saying to me that basically one thing is that people wt to have authentic of versaces with each other, free expression. The second thing he says is that the more mobile we get, the more advertising marketers come after you and try to gets to you the molly actually seek protection in inflation away from it. I could not agree more. You jeopardy r people to be able to control the environment. You think about what will get measured and managed. You take a look issSomething Like the self driving a car. An unbelievable amount of informational, whether its coming from the bill will orality or tla. We will see more and more measurement. I totally agree. His product is a very interesting product. Lets say you happen to he an vertisement out there, a date site. The idea of being able to control and that it be temporary. That is the new pricy. Anonymity. The weekend to you. Good to tk to you. Dennis short and sweet but intelligence. That guy is quite brilliant. We will be right back with the answer to our question of the day. Is the governmenought to destroy j. So i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys nevacuum cat screech you feel that in your muscles . I do. Drink water. Its long story. Well, not having branches ts give you great rates and service. Id like that. A new way to bank. A bett way to save. Ally bank. Your money needs an ally. Customer erin swenson ordebut they didnt fit. Line customers not ppy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Unhappy customer use becomes happy customer. Easy. Then, repeat customer. Easy returns, im happy. Peat custors, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. Announcer being a dad can be tough. Whens the fairy incess coming . Any minute now. Yay announcer bu its always worth it. Agnes i know its really you, gru. Im just pretending for the other kids. Announcer take time to be a dad today. Call 8774dad411 or vist fatherhood. Gov. Afghanistan in 2009. On the u. S. S. Saratoga in 1982. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation because it offers a superiorevel of protectn and bause usaas commitment to serve current and former military members and their families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. The 19 billion, jpmorgan has a rare loss in the third quarter. Is the government out toestroy the big banks. We azlan gerriwillis. Com. That is ever tonight willis report have a great wweekend. We will see later. Neil all right, welcome. A clock that is not taken. Not quite the ticking timebomb that is so bad. Welcome, i am trusting in for neil cavuto. Things are getting even weirder. The aministration s trying to make the shutdown sound even scarier. Andbarack oama tweeting today that this is imprtant. Putting the safety of our food at risk due to the government