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While housing stumbling at the White House blaming -- now banks are scrabble is Bank of America looking at bailing -- struggling homeowners.
But cutting their mortgage principal in return today want the lawyers -- back off and get out his first thank goddess.
But it Romero says they're catering to government trying to press her body by the way of the former governor Louisiana's current to be presidential candidate governor good to have you.
Thanks Neil good to be here -- so -- What do you think of this idea what that would -- does push for the banks to just get the government off their back.
It's always a pressure.
-- the regulated.
I think -- regulate cars are overreacting as they usually do.
They usually too late with too little and then when they show up there too much.
But in -- Bank of America not to -- Is paying -- -- past cents.
This whole foreclosure business with -- -- -- Missing documents with untrained employees there's a price to pay and what Bank of America's trying to do.
Is to incorporate the securitization.
In that so they can get out of the deal that's what it's about its negotiation.
They don't have a banker run in a bank now it's a lawyer.
And He was hired specifically.
To reach a settlement and do it fast.
-- you know I always wondered I want to see this kind of activity going on.
If there's a method -- the big government or the regulators of madness here and that is.
To intimidate banks and lenders to do this very sort of thing without them having to do it in forces themselves and -- work.
See it works it does I made.
-- do you know that that that it's a mysterious.
And the regulate ours but at the end of the day.
The regulators can shut you down that's the ultimate power.
And and that's the difficulty.
That the too big to fail banks have I would rather have a system meal or we didn't have too big to fail.
I think basically the Wall Street banks the top nineteen.
Are not doing the job they need to do and part of it is fear of the regulators but less less latest to O'Neill.
They aren't that fear I mean -- actions of the past three years were not responsible in my opinion.
Were not right were not relationship driven and did not help this country.
Well I I I think you're right about that the governor and the solicit my date.
You don't have to do -- -- but the next time you view you get yourself up against the wall but don't look for us to governor taxpayers more to the point.
To -- and he's out and -- because.
Whether you made a comment during the bail out period.
That the price of the bailout was always larger than the money involved absolutely and -- seen it right now.
And it will never -- -- with these -- I mean I think it's in their best interest to give up the too big to fail to -- -- -- brace Glass-Steagall a little bit.
Divide their companies are popping could be more profitable I think -- be more successful and I think -- make better longs -- -- with.
They did you know that's a brilliant point maybe they've just buttress themselves up to the point where they know they're too big now for anyone to mass of them Arnold let them fail.
Maybe we ought to -- -- we would get away from this is she's so that they can in the event they screw up again.
Do just that how'd you like to have a TV show -- the ratings weren't important.
You you're you're too good to failed -- you don't have to worry about quality a competition that's so I wouldn't be happy that it's a good Jackson -- status governor but that's tonight show and then another debate but governor it's a pleasure thank you sir.
Thanks -- good.
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