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Well he made headlines with his I'm gonna call it a rams against bank chief executives on Capitol Hill -- -- -- Where basically you come to us today.
On new bicycles after buying Girl Scout Cookies and helping out Mother Teresa.
Telling us we're sorry we didn't mean.
We won't do it again trust us.
Well I have some people that in my constituency that actually rub some of your bank's.
And they say the same thing.
This army didn't mean it they won't do it again just let him out.
Do you understand that this is a little.
-- a couple most of my constituents.
Well that that gentleman you see on -- -- Massachusetts congressman Mike apple wanted joins me now so you'll you'll more famous than I am I'm not sure I really want you on this program.
Thanks so -- -- on us if you made a big splash.
You made some very very forceful statements and I noticed that some of the bank executives that sheets of the banks that you would really going to Africa that still on the -- You want some opened fire.
I wouldn't say that I want some of fine because I don't know enough individually about which ones may or may not be doing their job.
It's certainly face America I think is a little funny that no 19 on any individual no one specifically.
But no one's lost a job not a single CEO of any of these major institutions not a single member of the board of directors noticing this single senior staff person.
I think that's a fair question -- I think it's something that should be answered.
That that there were some consequences for your appearance on Capitol Hill and on on -- broadcast on television I mean you really excoriated the executives but the General Motors the Detroit people and the -- Now that turning around a site.
Private investors private money like hedge fun people that say -- -- -- -- gonna go in and help bail out these banks because if we do.
Maybe it's someone like Thomas went -- 10 will not like the profit when making.
I will say humble hole laws before congress this site give us back the money you stole -- -- the taxpayers you've had an impact which may -- you didn't want.
I don't I don't think that's accurate I think that people who were looking for a short way of looking for some quick money I would like them to be scared off not just by -- -- by the entire situation.
People looking to chisel but I think that legitimate business people looking to make legitimate profits and get the taxpayer money back to the taxpayers.
The -- -- to make all the money they want god bless them that's the and that's America's all about if you and you take billions of dollars of taxpayer money they chant in support.
Do do you oppose the bailout in the first place they just don't know and I thought I support.
No I do not I supported.
The actions we took.
Doesn't have to put every detail -- reaction but in general I think it was the right thing to do to recapitalize some of these thank you major banks do you want to see private money from hedge funds for example come in and -- -- -- some of these toxic assets as opposed to the -- having to do you wanna say absolutely that the one thing I have opposed to most vociferously is the latest proposal in this PP IP -- public private investment proposal.
I think that is a very dangerous thing to do -- taxpayer money.
If private people wanna committed -- these assets I think that's great they're the ones who created the problem if they wanna take a little bit more -- to think what was a potentially big payday at the end of the.
I think we should -- and should help but to some degree but I don't think we should do be -- or don't congressman they don't know that you'll get a turnaround like to -- Europe chisel -- few years you just use that expression you know.
I don't know that's not go to town on.
Well if if theory it like any group in 90% of any group and 99% of any group a good people just doing the right thing.
It's 1% and even the bank is that I was a little upset with at the moment.
I'm not saying that they are bad people -- they just made some bad decisions in that particular instance I was a little upset at what I perceived to be arrogance of the group.
Not individuals of the group was kind of like what are we bothering with you for.
Why we -- because you took hundreds of billions of dollars of taxpayer money and you haven't changed you ways if you don't want to change always give the money.
That's kind of simple with taxpayer money is and yet it's held to a different standard and I think that's fair and that's where it should -- the took to what degree do you want to control the banks clearly you wanna not have gotten.
And when you want to control executive pay understood.
You wanna control what the government golf trip and that kind of socializing.
But didn't get along because federal dollars and he did do you want to control heavily influence.
Who they lend to who they offer mortgage to do want to get down the window like that.
Well -- it into the answer is no as long as it's private money.
I mean certain things and regulated banks I've always said it's some of these questions -- the unregulated -- it really got to the into the crazy stuff.
The regulated ones did in the through the back door.
So that they've always been to regulated to some degree I don't think that's an appropriate role for congress I do think it's -- appropriate role for some of the regulators to some degree.
I personally I don't know how anybody else feels I'm not looking to get involved with any of these things I believe -- private enterprise I believe in the free market system.
-- -- when there is a failure and taxpayers come in with huge buckets of money.
Then actually it's no different than any other investment would Warren Buffett bill Bill Gates put billions of dollars into a business and then -- that we don't care what you do with it.
We've put billions and billions of dollars and of these in -- entities and I think it's only appropriate.
We have some say on some of the decisions -- well the world -- you about a month ago we're hearing again now congressman -- -- -- appreciate you being with us -- to -- times accident.
-- nice to see you.
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