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street you ve never heard of it. the top at the financial services an agency that didn t even exist three years ago. in his case, lawsky penalizing the banks without holding individuals responsible plays into the defense that, hey, everyone else is doing it, why can t we. and therefore, it eninsures that wall street s equality has never changed. lawsky told the financial times you have to incur bad financial conduct within corporations. lawsky does not have powers. but also hasn t stopped him from identifying individual banker business name. as lawsky sees it public shaming is one of the only strat zwlas would. despite the fact that an extra $14 trillion in wealth were wiped out in the financial
crisis, not a single individual was jailed. and the country continues to witness new instances of corporate wrongdoing every other day, something lawsky says should serve as no surprise. if you don t do anything about individual conduct you re proceeding down the same path. it happens again and again and again. joining me now is the new york superintendent of financial services, benjamin lawsky. everybody is going to know your name now if they don t know it already. thanks for joining me. that s fine. this is a topic i feel like we want to and would like to talk about this every day because it feels like to those of us on the outside that the needle has not moved in terms of prosecution and coming to terms with corporate wrongdoing. let s talk first about the individual shaming and naming, right? as a deterrent, that seems to make sense in terms of argument. but then the few sort of financial pooh-bahs who have been named.
corporations were paid 330 times more money than the average. corporations get everything. ordinary people get nothing. corporations are people, my friend. it is what we believe american democracy is supposed to be. but they don t wear coat and jackets. they display it proudly for their actions in the u.s. senate. you re alleging harry reid is abusing his power. how? good to have you with us, folks, thanks for watching. we ll get to the story in just a moment. i want to tell you rolling stone magazine is reporting late this afternoon and quoting several high ranking sources within the administration that president obama has all but made up his mind on the keystone pipeline and he s going to say no. more on this later in the broadcast. but i want to start with a chart tonight because it s always about the money, isn t it? the old saying in business is you can t either p.r. it s about the money. it s your money. it s your disposal income. that s what driving the e
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