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Let's antimissile they are talking Newsom from a fortune magazine should be don't Sean Hannity and I fox and shuttle Andrea mr.
time back to while.
-- Corzine as its face criminal charges -- by the dumb question but doesn't.
You -- think so at some point.
80 -- haven't yet I mean it not in all the carriers it's been pretty clear that he's.
You know no charges have been brought yet but there's there's investigations under -- and you have to.
You have to believe at some point he's gonna -- he's gonna take some time.
I thought so that he doesn't Dodd-Frank there was supposed to fix.
Abuses like -- -- on all.
What Dodd-Frank yet.
And Doug I guess -- coming into play -- conference kept a lot of problems as a whole other conversation comes.
That Dodd-Frank I think came into play.
-- it just coming into -- put it that way I don't I don't know that it even even the timing it would have been affected.
Dodd-Frank was originally designed to do what.
Well that's right they're designed to do all sorts of things one of the things it's it's designed to do is.
That we but.
Businesses would tell you all it -- is imposed.
On on banks that and the cost of those will be passed on to consumers.
It was also designed to -- Companies it's higher banks from you know playing with customers money which -- What what this case is that -- but also designs.
To prevent too big to fail from happening meaning.
Come financial institutions that we get so big.
And the cause.
Such a a danger in a threat to the financial system that the taxpayers are forced to come in and bail them out as we saw in 2000 that designed to do that.
But there's a lot of people economists who argue that it has the opposite what it -- -- -- point it basically.
-- and financial firms that -- -- big to fail.
And and then kind of protect them -- Atlantic and give them and and prevents them from -- united.
From breaking up -- -- -- credit it has the opposite effect it's got something like another 230.
Something rule making.
Procedures going on under meaning there's there's there's hundreds of rules.
Coming out of Dodd-Frank.
The other thing about Dodd-Frank to keep in mind to at a political level concise I've followed this quite closely at the time -- the case where.
Coming out of the financial crisis you have.
Senators in particular senators and members of the house of both parties.
Thinking that the regulatory system has failed.
That it needed to be -- That we needed to prevent too big to fail the moral hazard which by the way is if we can talk about Europe that's what's going on there.
That -- -- it it was a real bipartisan.
Sensibility and in this Bennett Chris Dodd -- the time was that headed.
That that senate committee that was in charge of writing it.
He -- up a Democrat and -- Republican senator to to tackle each of the major issues.
They were working extremely hard -- intense negotiations they were pretty close they're probably like you know maybe -- -- wanted to finish line but they were getting there.
And the White House pulled the rug out from under those negotiations.
And decided that it was it would anger the left of the party.
And decided just to -- that legislation through and pick not just in a couple Republican votes.
To get it through rather than having any kind of -- wide bipartisan.
These -- support seen had you had nearly unanimous opposition.
From the Republican Party as he did with the stimulus bill and as you get with the health care bill.
So the president you know for all his cock dating back to 2004 our incident in red America and it isn't blue America.
Is United States of America had for all the rhetoric coming -- that he was kept going to.
You'd be -- he -- -- all this political bitterness -- gridlock.
In the capital in my view having covered says I think he's only added to it answered it.
And you know -- love to come out attack Republicans as being.
The ones he won't budge but I think he's he's at least.
He's more culpable frankly -- with its latest jobs bill that he just kind of threw out there there's no attempt to.
We negotiate with Republicans history out there and then went on the campaign trail.
-- talking with us Senator John Kerry yesterday I don't know that -- -- A -- -- Depth subcommittee -- depths of opportunity and our inability to us all look questions.
There's there's revised dialogue to roll up by his delusional but this blame on George Bush.
Like it and that and the president explaining the economy on George -- -- that include George Bush and Wall Street giant heritage this economy is the standard lines.
That you know that in.
Debt debt issue is a perfect example the principals committee did this committee that the president.
President Obama appointed.
They came out with this sweeping proposal -- really gutsy proposal.
The body it.
Right exactly a year ago I think about it and the president just walked away from that.
Walked away from a real good faith effort that was largely bipartisan yes.
And folks from both in both parties on the committee didn't support it but but but looked -- most of them did.
And the bipartisan effort -- to cut it -- had.
That the debt by four trillion dollars.
This -- this was something he should have embraced the issue worked with Republicans on.
But he decided not to mention -- ever particularly whenever there's something.
It involved it involved reforms to Medicare and and reform Social Security like means testing and so -- And -- -- raising the retirement age I think any time.
C -- about I'm entitlement reform.
Because -- upset his liberal base he -- I don't ever see any solution.
To any of our problems but fifteen trillion dollars and analyst members joining.
Been sober for -- five of the Obama alcoholic.
Today I'm going to the storm by some vodka little too.
Kind of way Merry Christmas -- dinners thanks for been on -- -- -- -- fortune magazine she Belmont Hannity and -- promised until analysts.
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