Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Occupy Palm Beach?

Details

  • Description

    Rep. Allen West, (R-Fla.), on the continued protests of America’s financial sector.

  • Duration 3:27
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

As represented Al west.

Who was the target of a group called occupied Palm Beach by the way if -- first well thank you representative for joining us we're gonna get to LSU Alabama.

In a minute but withstand this who would act -- Occupied Palm Beach what does that mean.

Well wolf first of all got to tell you Erica and -- -- -- in the military you never kick over someone's tent that's gonna bring up -- down to you.

But as far as occupy Palm Beach.

You know the fact that Palm Beach I don't know of their from the island that's kind of hypocrisy in and of itself.

But once again we have individuals that came -- for our office and we confronted them with facts and the truth the kind of went away with the tail between their legs so.

This is a very empty movement it is really focus on.

I think this gravel rounds and then create a lot of noise and attention.

But I -- agree with them about the in the crony capitalism work past that I don't see were there focuses all right.

That they're very good point and crony capitalism -- one of the the examples of crony capitalism that was CDC even today as we speak.

These cylinder executives Solyndra executives took you know probably took 535 million dollars blew through it taxpayer money -- -- -- -- -- and make it less than two years.

They almost we're gonna take another hundred million dollars and now we learn that the executives at Solyndra.

Were paid in excess of top executives are paid in excess of the president of the United States.

Yes -- absolutely -- -- lender and many other companies all of these taxpayer funded bailouts the union now focused.

Pushing -- venture capital to you know.

Companies that you know relate to their own ideological agenda those -- the type of things we have to in and you have to also start looking hard at Fannie and Freddie.

Because when you go back and understand that part of the mortgage meltdown that financial crisis of 2008.

You gotta look right at Fannie afraid of of course Dodd-Frank does nothing to talk about that.

And I think that's what occupy people should be focused on right basically down -- talking to this president about his policies.

The related to you know record unemployment 41%.

Increase of food stamp recipients 48 point 5% of Americans on some form of government aid that's where they should be talk.

Sorry -- -- 100% right talk about Freddie very quickly not Lotta time.

Asking today for another six billion dollar and good dollars in in bail out.

Taxpayer bailout money and again as you point out Fannie Freddie the two financial institutions that were separate not included in Dodd-Frank.

Not include -- whatsoever and we.

Find out that though just the same as Franklin Raines went off of tens of millions of dollars executives over there are seeking to do the same.

So I think that at some point it's now will be able to rein in Fannie and Freddie and we'll talk to some of these legislators have been able debt crisis to come about because -- turned a blind eye to.

Hey colonel before I let you go I think you should kick over couple of those -- and maybe get some of those -- Palm Beach is back in the Ferrari's an incident on the economy and daddy.

Yeah absolutely and maybe they need to pay for some gas rather all right all right -- -- -- of -- -- or Alabama.

Well you know -- -- university Tennessee graduate we played both LSU and Alabama.

So I gotta go with Alabama is they got the home field advantage in the 31 points they put on us the second half -- pretty impressed they are impressive.

In nonetheless 127 -- forty meetings last forty meetings.

The visitors have won that match up so I'll take the LSU tigers are thank you so much we'll talk to her I -- -- I think great game thank you for joining us I will bring it out to the back panel.

Load More