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Report -- that don't work for mr.
barn at a morning -- morning good morning so I'm sorry I'm Wilson thank you for coming.
And in turn on the program -- my pleasure -- -- of -- on.
about it -- suggesting -- that often error.
There were not gonna discuss on this particular problems and I wasn't at that -- remain -- and I -- -- now almost -- -- we're just they don't know.
So on and and on and an overdose of Jews and doesn't concerned.
With you guys so that Charles.
Won't -- in their -- our.
-- -- name and I'm just -- could sort out this.
Goldman site situation for -- so that we can understand.
Some -- that won't happen.
Goldman is accused of organizing -- big a trough.
Of the lousy mortgages.
And then splitting it out and selling -- in this big trough.
To its clients around the world lampoon with a -- -- What he didn't tell clients was that in assembling that big parts of mortgages.
They've gotten help from a hedge fund and hedge fund reportedly had said hey put that bunch of more -- it.
Take that bunch out the hedge fund organized -- trench all mortgages.
So it would fail.
The hedge fund and bet against that trough of -- -- Which Goldman Sachs was going out selling around the world as a good investment.
Playing both sides of the fence.
On the mining and investment quite deliberately with help from a hedge fund that's what it is accused of doing what Wall Street section is on trial.
And it I think he's gonna lose in the court of public opinion that's -- what do you think happen.
I think that was the way Wall Street did business in those days we will all riding the wave -- very very cheap money.
Housing prices -- kept on going up.
Wall Street was making a -- -- on repackaging these mortgages and selling them to investors all the way around the world everybody was making money.
Everything was fine.
Until the music stopped what else -- started to -- that was the way it was -- I don't know -- it wasn't my money in the -- -- -- -- money.
And I guess some people losing money the end it the end investors that he -- -- but things -- -- little -- in no -- for heaven's sake they lost their shots because of this as -- yet -- the end uses.
Review -- everybody in America monitors the Wall Street companies limit and often it's also was made a fortune so there's no difference between them.
-- -- -- -- -- And the Gambino Crime Family -- -- that's it that's your association.
And Obama while -- -- -- some of my friends and to have a I don't think Goldman Sachs was out with the with the comes in and on all know what I mean there but what they -- -- just.
Because all of a -- All that legal it was unethical if they did indeed do what the SEC says -- did that is unethical but it was not necessarily.
Eight he wasn't arsonists it would be fraud if they did what the FCC says they did look this -- legal mystic stuff it's all it doesn't match.
Once the charges laid once the administration says you are a bunch of frauds it is a political issue.
Wall Street is on trial.
Right before the reorganization.
Of Wall Street is discussed in congress the department of health what do spectrum divorced what -- -- -- ones on the Norman and animals.
-- -- -- She supposedly independent.
She sided with the two Democrats to create the three votes -- the other two Republicans.
Sounds like it was split on party lines interestingly enough.
Now you don't normally have a split decision -- 53 to two.
On issue was big as this because this is the biggest issue around.
This is charging the most that the the historic Wall Street from the most profitable in history you charging with -- you telling them you'll know good -- unethical.
-- he split decision -- to -- issue like that is a very big deal.
-- it doesn't mean because the vote was split.
The -- we're all undecided about whether it was fraud or unethical on that they were making a political decision about whether they wanted to say it was.
Unethical or wrong you raise a good question now but I don't know the answer to your -- I -- mental problem I would.
We're gonna find out that we're not an expert and ask him there wouldn't you know all -- you'd normally have the decision that's the vote.
-- publicized like this I've never -- that vote publicized full Paula is gonna come out of on such similar dark art restorer -- Arizona pretty good job.
We'll explain him to have made him a moron.
Or -- understanding on missile war -- with what happened.
While the president is gonna come spoken of have been politicized.
And is gonna come Wall Street on Thursday hinder what -- -- on some moral.
Yes he's in full attack mode and he's rallying public opinion against as he put it the crooks on Wall Street and he's coming right to the heart of downtown Manhattan.
To do is sticking it to him.
On their own tough right in the middle of the debate over should we tax Wall Street should -- -- it.
The president clearly wants to tax it and reformist so Downey comes to lower Manhattan and sets out stole and a tax right in the heart of the opposition holiday -- -- Big bank tax bringing in someone like I think it's fifty billion dollars -- -- -- ninety billion dollars over a period of years.
Not -- want exacted they would tax but it's a big bank tax -- with a talk about that's debated today by the way.
Audit the juror number called -- award introduced in doubles concern.
When a lot of smiling.
And if the because I didn't do what she suggested I do problem of soundness insist on television but it's all of them blushing because -- didn't do.
Know what you've requested a lot we were -- from the president caller.
I'm gonna have Sarah run into.
-- although I don't know we'll have our moments there by other initiatives that should also very Smart yes and armory have -- -- -- burning.
Yes we are or go wrong we're gonna brought Everett Everett -- part -- violent.
I'll have what -- highly recommend her blog program doubles -- things don't -- books about the big panic of 08 -- it was the big events in business.
A decade the horses' names of the big short of Michael -- is not.
The Rhode -- -- takes him to burger about it -- on him.
Was cleared to go on to what it will I don't know that to an injury you know put a little bond after a I know we're gonna talk to you later but what -- -- Yeah you're normally -- this early for your program circuits and we're -- On course I -- you know I'm I walk in until it just before you do I'm walking about quarter past five.
So you get there before I do I do indeed yes but generally -- wanted to -- funny -- -- -- more difficult task.
I have to I have to explain that one half what do you have to know what's going on I don't know have been burning and Charles Little one.
You see just asked today doesn't sound on I don't know Warner you just embarrass you gifts.
That's what you do -- and it issue.
Bernie talked questioned on the -- and -- -- truth -- I don't have to -- But it it.
When there are delighted for -- electors -- like that show us -- -- -- -- much know all of morning governor elect around Wimbledon.
I just I don't tackle was complicated stuff you know -- US -- to explain what to do what did Goldman Sachs do.
I don't want to deal with that very much I like to explain in the very simple very simple -- without getting into the weeds.
Because I don't think most people are interested in the weeds they want to know -- did they do all day guilty.
Did they really create this recession from which rules -- Basra they're like Enron guys they'll think that -- where so -- -- -- for -- war.
Hey there were making twenty that would distributing twenty billion dollars a year in bonuses and rewards to their employees they -- there were assistants down that getting a quarter million dollar bonuses.
They must be small man with a there are earning on average -- and wanna come to come -- -- won his morning.
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