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Former New York City Mayor Ed Koch argues companies that violate regulations should face harsher punishment.
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In -- trading lost lawmakers today saying why on these gains former New York City mayor Ed Koch says that until it's proven a JPMorgan actually did.
Something wrong or worse DC should just stay quiet -- restaurant Panetta -- Pleasure -- this is a town New York that this thrives on the success of its big banking investment banking giants and so it's always Dicey here would you bash.
The the JPMorgan and these others are do you think -- -- fair treatment on the -- luck.
If they have done something wrong and the allegation lies.
That.
The Banc violated.
-- -- -- -- Then they should go after them.
But if someone says will we don't like the fact that they are lowest monthly that's ridiculous.
You know so long as they didn't violate the law but I believe the banks have -- treated in a way that's despicable.
In terms of the public.
When you have another not just the -- large corporations take blacks and which is a chemical cooperate right.
In his find three billion dollars from violating FDA regulations.
On -- he bought for the big drugmaker -- and right.
But nobody wants to license nobody went to jail three billion dollars from them is not -- Or -- -- have the the buying -- park police they were just I think find.
I don't know millions.
Four.
Doing something you.
Eagle manipulating the interest rate.
Don't get.
Their licence revoked the I'm not -- would be a lot tougher on -- -- be a lot tougher on but -- -- -- chasing the wrong villains here we're gonna.
Well I know we chase -- -- -- -- they go to jail.
When a bank.
We say too big to fail.
It's too big -- well apparently.
I believe that somebody.
He should go to jail or lose their license.
That's what you do -- ordinary people who steal.
But it doesn't apply to banks and when they have paid the huge -- And large corporations.
It's another thing it's the cost of doing business.
-- -- you seem to be making a statement here that.
Enough -- this is going on that enough that not enough of them -- tank I mean additional funds -- these examples of the exception -- mineral.
-- -- that I'm not -- him after paying the fines they may be paying fine right.
I'm saying we want people go to jail I want -- to go to jail or lose their license.
But do you think that the administration's tactic just constantly bashing business -- I don't I don't I believe that is.
The administration isn't doing enough I remember.
That and I'm a supporter of President Obama I remember.
And one of his have stayed in the -- unions he said and I am directing the attorney general.
To look into bringing criminal actions against those.
Who were responsible for -- sub prime scandal.
I haven't seen one.
Corporate executive.
Go to jail.
One see you all for having but angered the United States and.
-- not the same zeal to go after those in Washington who provided the environment for them to get -- -- you don't advocates you know.
Of course induce somebody -- me elected congressmen or congress and who is with the community reinvestment act some of these things -- spur.
I'm mentioning that committed the crime go away after a -- and times.
Normally unit and commit crimes because they have regulated gambling.
So that what they do is legal.
And -- Charlie Rangel.
In support -- minutes I fed did support -- my love Charlie Rangel is my brother I served.
With him even -- those -- -- -- -- element so -- cut him some slack but you don't got these banks.
-- please visit us on the question of billions of dollars also you have a dollar figure you -- -- in the sense I mean I'm talk about the big guy who's right at Charlie Rangel I won't tell you.
I will.
The cut him slack because as I say.
I served with him he was -- -- member of congress.
Back.
In 1963 has district leaders so if you're asking me and -- more lenient with Charlie.
And then I am with some of these CEO -- Who are still making -- In -- every year the rest of the country hasn't recovered and the banks should do -- better than they did before does something wrong with America.
Needed to president's very reluctant.
I do believe he will be reelected -- -- because.
It's going to be very -- they also -- to say because I know that Romney and I like from the have never met him.
And time for the president but I like calling the shots fairly I thought he did very well before the NAACP.
Why could she said to the NAACP.
Exactly what he says to white audiences he didn't pander.
And an -- of the president not appearing.
Before Citi schedule ran as -- it doesn't really have to yes.
There's no question that 95%.
Or more.
Black voters you're gonna vote for the president does nothing wrong with that this product.
So the president is taken for granite.
Can't stick -- you know I always forget -- -- -- the answer questions at the though unusable.
There cuts it's good seeing continued good health thank --
