The democrats primarily on this committee entirely on this committee are looking for cover and looking for a way they can protect themselves. Frankly, its dishonorable to do that at the expense not only of the men and women who kept us safe after 911. But at the expense of the security of the nation when you think about the damage that has come from releasing the report not to mention the resources and manhours that were spent on this investigation pulling cia officers away from their fundamental task, which is making sure that the homeland is safe. Neil but im wondering if theyre repeating what a lot of these same senators did when they voted to go to war in iraq. Were given the same information. All, but saying theyre set up. Im wondering if were repeating history here. What do you think . Its certainly theres definitely a pattern there. We dont have some sort of an abundance of courage unfortunately among many of our elected representatives. Youve seen not just 9 11, but it goes back to the iran contra, where you have situations where we ask our Intelligence Community to undertake very difficult tasks. We ask them to do things that put them at risk. That potentially put their families at risk. We ask them to do that to keep us safe. And we need effective oversight of what theyre doing. Neil what these guys are saying, liz, as you know, that your dad and president bush were surprised themselves to see the degree to which the cia overstepped itself. To your dads credit, president bush, they stand by the cia. They say they do a whole lot more good than harm. And this is a great danger and threat. Back to if you dont mind my money nerd, this is about cutting the cias budget, setting the tone to have people think ill of the defense establishment, and cutting a lot of funds Going Forward to say, well, this is the hell they wrought on you. Look, i think that is certainly part of it, neil. I dont think you can discount that. I think its more than that though. Because this is something that you saw from the very first days of this president s presidency, when he came into office and said he would begin to prosecute these cia officials. And, you know, first of all, the the notion that somehow the president , the Vice President , that they were unaware of the program, werent briefed on it, is flat wrong. And theyve said its flat wrong. They were involved in this Program President the program was authorized. Youve had the six organizers to say, this program kept us safe and prevent attacks. And you had mike say, the information from this program is frankly still helping us to fight alqaeda. So im sure youre right that the president will do anything he can to find ways to cut money from our defense budgets, but this is a new low. And new low for senator feinstein as well. Neil thank you as always. Good seeing you. As we pointed out, that cia report is out. The former cia director on whether anyone checked its facts out. And who was doing it if anyone was . James has his doubts. Ambassador, director, good to have you. What are your worries here . Well, im really concerned that, as a result of the publicationpublication of this material, its one thing for people to debate it in private, that would have been reasonable. Neil thats a big assumption, ambassador. Were giving them more credit than they deserve. But thats not what happened. What happened with the president s concurrents, the democrats on the staff, the committee released this material. They released it to alqaeda and isis. They didnt just release it to the American People. Were helping by turning this material loose this way, were helping the terrorists figure out how we operate. What information we need and the rest. It really was a terrible decision, at least in my judgment to make this material public. Neil im sure you know that john mccain disagrees. He says if you want to incentivize bad guys to do bad things to us, they were already doing it. Im a big admirer of john mccain. I still like to see him be president , but i disagree on this point. Neil this notion that this is all of a sudden going to let an evil genie out of a bottle. Isnt it already out, to the senators point . Well, what its not that the genie people didnt know that there was some kind of genie there. Neil right. What this does, it gives the enemy all the details. Because you cant just release the material to your own side. It doesnt work that way. And that means that in any kind of effort to Work Together with foreign intelligence services, the brits, the germans, whatever, theyre going to believe that whatever they do may well be turned loose by the americans at any moment. It makes it very difficult to get the kind of cooperation you really have to have in order to move against terrorist organizations, with your colleagues in other countries. Neil let me pursue this point. Do you think this is a way to justify cutting the cia budget or overall military budget . I dont know. I think the president is inclined to cut both the cia and military budget. But whether this is part of his thinking on this or not, i dont know. Neil where do you think it goes . Obviously defense establishment isnt going to be getting more money, at least from this president over the next two years. Congress will fight that, im sure. Where is it going . I dont know that this is the lever. But i think that on the whole, this administration has been far too weak on funding defense and supporting what we need by way of Weapons Program and infrastructure and the research and Development Everything that the military needs in order to function. Were a bleedin bleeding dry. Its a terrible situation. Neil thank you, sir. Lawmakers are close to extending at least terrorism that would provide backstops in the event of a terrible attack. Robert moore, he says after this report, we might need it now more than ever. Your fear is this will insty gate the type of attacks for which we wouldnt be insured. Based on the release of the information from the cia yesterday and the reports going pretty much everywhere, were at our a more heightened alert. To kill the terrorism bill or the extension is even worse. We need it now more than ever. Neil what does it provide. A backstop for Insurance Companies so that they can offer the coverage. If theres no terrorism act and no backstop, insurance carriers wont offer the coverage. Not even on a limited amount. They offer terrorism coverage right now because the act is still enforced. Neil and it covers what . The Insurance Companies have a 20 deductible of their premiums. Then the government kicks in up to a hundred billion dollars. 85 of those claims theyll change. Then 15 goes back to the Insurance Companies. Right now we have the coverage. We need to have it. After 9 11, 200,000 jobs were lost because nobody would buy terrorism insurance because you couldnt get it because the companies wouldnt sell it. It was too expensive. Neil what about the idea if taxpayers could go broke . Wed never be able to keep up with it and afford it. We have to start somewhere. There should be more of a process here. Okay. Were 20 days before the renewal, lets get the extension done and then worry about it. Neil isnt that the argument, theyre going to argue the cost . Well, they want to increase the insurance companys pay or play in the model. They want to bear more of the risk. Maybe they can afford to bear more of the risk. To not at least have a backstop for them somewhere is unheard of. Neil its interesting as you frame it, that the release of this report and all these details has actually for sure. Neil heightened the need for this. How will you buy a building in times square, in chicago, in boston, in la, where they say to have terrorism insurance. They all require it. Theres no question about it. What if you cant buy it . Neil who says republicans caved on that entire trillion dollar budget deal. What if i told you they just want something big. And, i mean i mean something very big. Ill let you in on it. Neil all right. The grand old party said it has the green light to cut red tape. They will use this budget deal to scale back on reform. That ignite liz warren who is dont touch this thing. Its a good fortunately. Thing. Sheila, good to have you. They say theres a lot of stupid stuff in that thing. Now is the time to deal with it. You say what . Well, theres a lot of things in doddfrank i would change. Whether it should be done at the end of year budget process is open to debate. One thing is being pushed will be harmful, conservative people, market oriented people, which is to repeal the pushout rules. Which requires a lot of speculative, to be pushed outside of insured banks. You cannot use insured deposits to support that kind of activity. The more we can combine the use of deposits and force activity outside that thats a good thing. Let the market decide. Neil im sorry. Arent they saying about the law that it doesnt really do that, that it shields a lot of big banks, anyway, that too big to fail still exists and fannie mae and freddie mac arent apart of it. Fannie mae and freddie mac dont have insured deposits. Whether we want insured deposits neil youre looking through that prism. Its to be understood. Very crucial role. In its aggregate, theyre saying its just overreach. Well, look, i would go the other way. I would go full stop and move it out of the insured banks. Its not that it will happen. It will be done in a broker affiliate that does not have insured deposits supporting it. Thats a good thing from a market perspective. The market decides how much resource, how much financing will be allocated to that. What the pricing will be. Unlike insured deposits. Theres no discipline with that. There are costs involved. The more we can narrow the types of activities, i think thats a good thing, a something i hope that market based conservatives would support. Neil those conservatives think the law goes too far. Warren is on record saying she likes the law. Doesnt go far enough. Shes a possible challenger to hillary of the nomination. What do you think of her and whether she should run . Well, i know her well. And i dont think she wants to run. I dont think shes thinking in those terms. I think she has some fairly reasonable views on financial reform and wants that to become the national debate. Shes knowledgeable on these issues. She is an important voice to counter some of these issues. I think her focus will be on trying to get these issue to have a higher prom unanimous in promine debate. I dont see her running. Neil a lot of people want her too. Her premise is that the little guy is getting screwed. She said thats something we havent heard enough from hillary clinton. Do you think that gets to be a big theme in the next president ial election whether the little guy is being fairly treated in the Financial Markets . Yeah. Yeah. I think that is a real issue, about whether the government is run for the broad population. And its not just financial services. Theres a lot of special interests lobbying. Crony capitalism that goes on. And i think conservatives, grassroots conservatives dont like that any more than populous progressives. We want a government where its limited. To help people, its the aged, children. Not big corporate interests. And you see that manifestation in other ways like the opposition to extend continuation. I agree with that. Why do we need the xm bank . Why do they need taxpayer subsidies. This is a big issue on both sides of the aisle. I hope the candidates talk about it too. Neil trust me. They will. Thank you very much. You bet. Thank you. Neil well, the next president wont have the guts to reverse what this president has done. This president just said it. The proof that maybe, just maybe he didnt quite need it. Neil anyway, its time for neils spiel. I love that graphic. Every time i see it. Heres what has me spiegel. Take a look. Obama i think any future administration that tried to punish people for doing the right thing, i think, would not have the support of the American People. Its true that theoretically a future administration could do something very damaging. Its not likely politically that they reverse everything that weve done. Neil so what youre saying, mr. President , is that only you have the guts to do the right thing, and those other guys dont know a thing. Gutless, clueless, feckless, godless, and only you, sir, on the side of the angels and the American People. Really . Only you have the guts to do what is right . That is assuming that bypassing congress because you cant get your way counts as guts and freezing millions of deportations that might be in the constitutions way proves that you are brave. And republicans some day reversing that, not brave . Precisely because theyre not nearly so brave and that theyre wimps anyway because they want have the guts to follow through because the American People dont want them to follow through. Really . First, while were on the subject of guts, take it from me, i have a big one. Im talking gut. Youre punting on the crocodile thing of yours after the midterms doesnt exactly strike me as braveheart. And refusing to accept any responsibility for what has been a disasterrous Health Care Rollout doesnt sound lincolnesque. Those without stones should charge the other side without lacking them. Youre kind of saying that about people who elected them. Its not republicans whose threats you have to fear, its voters who demanded a month ago that they follow up on them. Surely, youre not saying those voters lack guts. Because last time i looked, they knocked the guts out of everything you pushed. I saw the midterm results and so did katrina pearson. Either he did and hes ignoring it. And he did and he figured what the hell ill keep saying it. Well, out of the mouth of the messiah himself. Heres the thing, if he had so much guts, why did he wait until after the midterm elections to pass the amnesty plan. He didnt. He continued to wait. This is the same president who is the laughing stock all over the world because he doesnt have guts. Neil the same amnesty that no republican or future administration would try to reverse this without putting an alternative in im paraphrasing because he or she wouldnt have the guts to do it and its already done. Whats done is an executive order, a piece of paper, that stands on shaky constitutional grounds. It would take guts to let that go through, i think, not to challenge it. Well, absolutely. I mean, we seem to forget the fact that there are already immigration laws on the books. Our system isnt broken. Its ignored. So it wont take too much guts to go out to the American People and say, you know what, well do what has already been passed by the congress, which is already constitutional, to secure the border. Neil where do you think this ultimately goes . Because he was sort of hanging on to the idea that republicans will never want to repeal my Health Care Law because they have nothing in its place. Even though there were four different bills. You can argue if they were good bills or not. Hes more or less saying, theyre far more comfortable, that is republicans, yammering on about me than doing anything on their own. How do republicans avoid that label . Well, i think it will show when the 2016 primaries kick off, there are plans out there. There are republicans who have good, sound Health Care Policy to put out for the American People to choose. What hes used to are these squishy Establishment Republicans who want to capitulate. Hes not looking at the republicans on the scene today that weve seen out there who just whooped his policy in the last election cycle. These are the republicans that will step up and lead with good sound policy and theyll get rid of his unconstitutional actions. Neil all right. The whole braveheart thing gets risky. Thats just me. Katrina, thank you very much. Katrina pearson. Meanwhile, from good will ambassador, that is not me saying that. That is a top hollywood producer saying that. The smack down after the sony hack down after this. Neil all right. Its no longer just Social Security numbers. Now its smack talk. More than just customer info leaking out at sony. So did staff emails. To jolene on why Angelina Jolie somewhere might not be too happy. Not too kind. More unpleasant details are emerging. Check this out. The telegraph reports part of the leak included an email exchange between movie producer scott rudin. Rudin apparently doesnt think highly of actress Angelina Jolie saying in an email exchange regarding upcoming projects, quote, im not destroying my career over a minimally talented spoiled brat. And rudin doesnt stop there. He also goes after megan. The 28yearold daughter of she produced american hustle. According to a leaked email, rudin called her a bipolar 28yearold lunatic. Ellison wasnt going to take this. She responded this morning in jest, bipolar 28yearold lunatic. I always thought of myself as more he can he centric. It revealed the emails of more than 40,000 males. Thats in addition to salary data. Of course, it is in serious jeopardy acrosstheboard. A classaction lawsuit by former employees may soon be in the works. Now, Cyber Security experts say sony may have been hacked in retribution of the film the interview. Its a comedy in which the characters are asked to assassinate kim jongun. The fbi says it doesnt have enough information to attribute the attacks to the koreans. The fbi meeting with sony to give them more training on Cyber Security practices. Neil yeah, like dont write anything. . okay. Thank you very much. To the fox biz allstars on how this might be a warning to all of us. Be careful. Tracy byrnes. Tracy. So anything you send in emails, just presume its on a billboard in times square. Everything we say is out there. And everything youve said is probably still out there as well. Neil we forget that. I have one simple rule. If youre not going to say it to somebodys face, dont put it in an email. In hollywood, so many big egos neil i tell them to their face. Lizzie. The thing about these emails, they are so long. Theyre like neil i noticed that. Why not just say Angelina Jolie sucks. But no. On and on. On and on. And the insanity and the rampaging