I mean I don't want to over speculate here, but one approach would be if Michael Flynn felt he was in any form of legal jeopardy for any of the activities he's undertaken in the last couple of months, he might say, hey I'll tell my whole…

Well, I'm skeptical, look, I think you need to know two things before you grant immunity whether you're law enforcement or Congress, which of course does have the power to grant immunity against any prosecution.

I certainly hope we are. You know the Democrats all back together and one of the weird things about last week was that the committee didn't have any of its regular meetings, they were all canceled.

I think we went through long term and short term, and I didn't sense a lot of enthusiasm for that or for investment in hedge fund vehicles.

the burden is on the industry to come up with constructive ways, if there are more constructive ways, of determining a legitimate inventory

No, I understand that, and of course there is a pretty dramatic difference between my Toyota dealer and the bank...

I know, but you are pointing at the Government. What does it mean, 'a concept only the Government could devise?'

Is more liquidity always good? Is there some optimal level of liquidity above which the system becomes risky, below which capital markets aren't functioning well?

I was a banker for a long time. And oftentimes when the market forces have been most active, there has been too much liquidity and catastrophe that followed.

Yes, yes. The pre-Volcker--none of us want to go back to 2008, right? Where I would argue you had a surplus of liquidity, so again--

But you, in your derogatory treatment of the government, would at least acknowledge that those three banks would have a hard time being with us today had it not been for a government program?

There are at least a half dozen people very close to this campaign who had a bizarrely intense set of ties with the Russians.

A midnight run to the White House that puzzles Republicans and Democrats alike by our chairman, who then does not turn around and give us answers, that's not a Democrat or Republican thing to do.

The investigation certainly has ground to a halt.

I mean, it's no coincidence that private meeting was scheduled precisely for the time that the open hearing was supposed to happen.

You can surmise that the deputy attorney general was a particularly painful potential witness. She was apparently at the center of the whole Michael Flynn thing.

Director Comey confirms that there is an FBI investigation into his words, links and coordination between the Trump campaign and possible links and coordination between the campaign and Russia.

Of course, it was canceled. It was scheduled. The witnesses were there to testify. A room was reserved. We were all set to go. We had our questions and it didn't happen.

Well, look, at this point, there's really one thing that needs to happen to rescue this investigation and that is that Chairman Nunes needs to recuse himself.

his act, as well as his act today, canceling an open hearing with some witnesses this week sadly sums up to an awful lot of efforts to slow down and obstruct this investigation.

we are going to remain dogged at here. We are producing witness lists. We are, you know, demanding evidence.

I imagine that the chairman got a heck of a lot, shall we say negative feedback from the White House on that hearing.

it's a step in the right direction if we don't have to actually subpoena somebody but they come voluntarily.

Well, there's a couple of obvious reactions. Number one is it's not the chairman of the intelligence panel's job to stop the heat from the media headed in the president's direction.

this is now the third or fourth time that Chairman Nunes has done something that has called into question whether he is acting as an impartial chairman of an investigation or whether he's acting as a member of the Trump transition team.