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Sen. Mike Lee, (R-Utah), on some calling for investigations into J.P. Morgan’s losses while the government still has not passed a budget.
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Senator might clear -- -- -- to -- guys Omaha.
Senator you -- wasserman should be spending more time policing.
Its books -- these guys spent.
Yes absolutely look if they lost two billion dollars.
We borrow more than twice that amount every single day so yeah we ought to be more concerned about passing a budget here in getting that balance.
But I did.
There's obviously something else going on here right -- -- we know that -- our -- Charlie Gasparino reported senator.
But this firm stance to make sixteen billion dollars this year.
You're not a bad quarter bad trade -- notes using it indebted to it.
But it's their money.
It's not -- money.
Why can't Washington distinguish.
Well because Washington sometimes has a tendency to -- that it's all Washington's money.
Everything belongs to the government and of course that isn't the case and it's that very mindset that is resulted in our economy sputtering and faltering as it has been.
But it does.
Provide it could be an opportunity then deploy us.
Financial reform right I mean them and then to use this as an example of what happens one.
We let these guys run -- now make the argument against that is as you brought up would be in the best.
Is much of this Dodd-Frank financial law is already in effect and some of it meant to police this very type of wacky trading.
It's a little avail right.
Yet that's right but look we have to remember that.
The solution -- to involve the creation of a new law.
Eight and does we expand our federal code bit by veteran go to federal regulations and causes problems.
So what.
Happens now -- I mean obviously investigate -- and so.
The lecturing and say knows there's a Barney can understand and -- -- -- another financial meltdown it didn't that this one in the bud grade.
But -- it seems to signaled some me that at this got any greater.
Too big to -- is still in place in other words we would not -- and institutional understood now.
Well put too big to fail as its opponents there a lot of us here in the United States senate and in the United States House of Representatives.
But we're not on board with the idea out too big to fail let the government doesn't exist.
That to go and pick winners and losers in industry and we gotta stay out of that.
But do not sting out of an -- view of -- -- -- or your colleagues are going to need be.
In the something that that would be akin to my walking into a Bally's gym and telling everyone you're not -- in the -- -- You.
And I wouldn't -- right in the position.
To say that but -- governance.
Is right now in the position to do just that.
Yes I think that's right but we do have to remember that that those.
Who feel that way are not the only ones in this -- they're certainly not the only people who occupy the halls of congress and you read about them.
Senator good -- -- -- that it might -- you talk.
