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Former Bear Stearns CEO Alan ‘Ace’ Greenberg argues corporate taxes should be lowered but regulations are still needed.
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Pieces of the governor's.
His campaign governor Perry is get the regulations -- -- -- back for six months and what you guys -- about it would it work.
Oh I think it might work there's no doubt that a lack of certainty right now -- -- lack of confidence a lack of leadership and a lack of clarity.
Has created conditions of instability and business simply as -- going to invest.
When there's instability around them so I think what He would do is get things calmed down and give us a stable environment from which to go for.
OK so do you wanna stop all the red believe it would get to guide to put it simply give -- an incentive spend -- -- CEO Bill Johnson telling me earlier get the government opt outs of the whole regulation business and get the money.
Back again back of investment.
Banking legend -- Greenberg.
-- what do you make of that approach to repair is trying to use regulation.
Holidays six months or businesses the unfettered do there's.
Well.
We had been is unfettered for a -- -- The head.
It -- -- who -- pretty loud and strong the new regulation.
So I don't speak the going back and letting you run wild for six months or six years or sixty days.
Is a particularly good ideas so that the trillion let's say that sitting all sorts who want to bring that back home.
But He does and others what He did.
Well there -- ways to get it back home obviously.
But.
And other handed numbers -- and bring it back home and then let me -- over there you've got to fix the you know the rates so of people you know -- keep it here.
And not have to every twenty years has had a moratorium they can bring about a what do you mean students to -- -- the tax rate had to be.
Competitive with our out of the corporate rate as to how we have to be competitive so what would you make that operate.
Well I don't know our commitment to make a statement -- rose 3128.
I don't know I wouldn't be thirty -- there wouldn't be 35 so that.
The big reason why they're keeping the money.
Out -- Armed.
The president is just indicating on the wires they -- in September respectful put forward -- specific plan to boost the economy create jobs to control the deficit.
Our music you can you think any progress.
I'm not so sure any president -- ever.
Solve the jobs problem.
Think the job problem has to be solved.
By the same type of thing that makes it who have -- popular overnight all of a sudden people have to realize.
Things are getting better we better start hiring -- are anybody has to be a ground -- the causes that can happen and I think it will happen.
But.
You know ruse of certainly tried hard -- the WPA and CCC and other things.
Very big spending programs they were marginal jobs in to the improvement even to Canada -- that -- this president didn't spend enough that the trillion or so been sort of been -- To create jobs.
Does this and -- McCain so more job initiatives being -- isn't against knowing the answers is having industry start doing well -- start hiring.
Because the government can doesn't have enough money went Mexican unit makes to see you know higher -- His outlook.
For his own economic and his company's wellbeing that's why He hires in the heart of -- -- please higher because you can't run a business that way.
So their own merits apparently we're not all now by Jamie Dimon wasn't nervous -- -- national TV on Wednesday as they find it pretty well.
I'm just saying if we did they were all of Jaime diamonds mindset they behind countries they're not.
What's called him back.
Well that I like Jamie Dimon.
So you know they really should be like what would make them more confident.
-- own -- the prospects for their own business.
When behind CEO tells me he's more optimistic about his business abroad -- here what is that telling.
Tells me more optimistic about Britain's abroad than here level else's that's -- -- -- What he's saying though is that this is not a favorable and abroad as well He just has more favorable there may be human -- part of the story bearable.
Well we're a little -- is burgeoning markets whereas takeovers whereas mergers.
Where most of them happening abroad as well -- a lot of -- happening here it's not quite true.
No I I don't know what He had in mind over.
Or whether his marketers.
Totally saturated by the fact they've been here -- so successful for so long you know.
-- -- -- -- -- -- -- -- -- And I would agree with what Jamie Dimon said He didn't think -- -- country in the world wouldn't wanna trade places in the United States.
We have some was going for us and we have our problems.
