and, chris, this is something a lot of republicans don t like talking about because they have a party, frankly, like democrats do, too, that has a very odd coalition. they ve got the auto mechanics and they have the bond traders. and everything in between. so this is an awkward topic. but it s come to life here in the last few weeks. starting in south carolina and on display in south carolina. you go to romney event and you see folks that represent upper middle class and upper class america. that is who is really into romney. it s revealed in the exit polls. look at the states where romney does the best. it s among the highest income folks and those with the most education. conversely you go to other events and you are seeing folks wearing jeans, big american flag t-shirts who are carrying tea party flags who are sporting fanny packs at times. where you see this oftentimes in democratic primaries.
over the place. right. but just on one small point on this, i mean just going back to mf global, it s a small thing, but remember, taxpayers money is not being involved right now. i didn t suggest that. but there s taxpayer money s being involved you could argue that i ve interviewed jon corzine, the idea was to take a lot of that all that business that the big banks were no longer allowed to do because of the regulations, it gets put off to the shadow banking industry, which is what these guys do. they think they re smarter, they can get away with it, they can go 40 to 1. and arbitrage the central bank. arbitrage trade, but that is so sickening the taxpayers not isolated every other bank in the country doing the same thing! i m not sure i m not saying what they re doing that is what i m saying is when the trade for the bond traders is buy the debt because it s an arbitrage trade against
from the bond traders, from wall street, itself? well, it depends on who you re talking about. those who want to bring stability to some of these bond markets are saying, look, this is just what you need. those who are making a lot of quick kills on bits of informational advantage, if you will, in the giant debt trading machine that now dominates wall street s earnings, it has more years, those people don t want the bread taken off their table. what we re talking about here is how to help create a sustainable model for our financial markets so we re not running up and down these wild parabolas, the waves. america can t take that. in terms of the life most people lead, in terms of their kitchen table budgets. what s fascinating, there s no love for wall street among fortune 500 companies, much less main street america. the question is, will this president now step up when clearly the call is very strong to do something? ron, let me ask you one slightly wider perspective
possible that something like this could happen? how, for example, how stiff would the resistance be from the bond market? from the bond traders, from wall street, itself? well, it depends on who you re talking about. those who want to bring stability to some of these bond markets are saying, look, this is just what you need. those who are making a lot of quick kills on bits of informational advantage, if you will, in the giant debt trading machine that now dominates wall street s earnings, it has more years, those people don t want the bread taken off their table. what we re talking about here is how to help create a sustainable model for our financial markets so we re not running up and down these wild perablas, the waves. america can t take that. in terms of the life most people lead, in terms of their kitchen table budgets. what s fascinating, there s no love for wall street among fortune financial companies, much less main street america. the question is, will this
his career. with summers gone, is it possible that something like this could happen? how, for example, how stiff would the resistance be from the bond market? from the bond traders, from wall street, itself? well, it depends on who you re talking about. those who want to bring stability to some of these bond markets are saying, look, this is just what you need. those who are making a lot of quick kills on bits of informational advantage, if you will, in the giant debt trading machine that now dominates wall street s earnings, it has more years, those people don t want the bread taken off their table. what we re talking about here is how to help create a sustainable model for our financial markets so we re not running up and down these wild perablas, the waves. america can t take that. in terms of the life most people lead, in terms of their kitchen table budgets. what s fascinating, there s no love for wall street among fortune financial companies, much less main street america. the