we need to make sure that we have some guarantee on these deposits. let s explain to people why that matters. a lot of the money that was pulled out of first republic, which failed over the weekend, is because a lot of the accounts had more than $250,000 in them, which is the threshold for fdic insurance now on paper at least. you re saying take the $8 trillion of uninsured deposit in this country and fully guarantee them, is that right? for the business accounts. if you re a business and you have to make payroll and uninsured which is 8 trillion, for them to, make sure that you re guaranteed. and charge them a fee on that account so that you don t have the situation, which is now happening where they re all going and putting their money in the big four banks in new york as opposed to the regional banks. gary cone, the coo of goldman sachs and top economic adviser to president trump for a while, he disagrees with you and here is why. i don t agree with
when people were chanting, quote, jews will not replace us and they are a jewish household, jared and ivanka? yes. so i say that they were actually away. they went on holiday right after that. but when they came back and gary cohn went to see them on his way to resign because he was so appalled. or on his way to not resign. not resign as it turns out. sorry, i m a stickler. fair enough. he was planning to. jared rather typically said nothing. and ivanka said no, no, my father never said that. you re mistaken, gary cone. never said what? never said there were very fine people on both sides. well, as we say in the newsroom, okay. there is much more in the interview i want to get to. thank you for that reporting. take a listen to having it all been said and done, and i ve reported in fairs on this broadcast repeatedly that the mueller investigation did not find the trump tower meeting to
people that should have been there from the very beginning. this is the team he should have had. not mcmaster. rob porter and gary cone. he needs people around him that he can trust. that team is in place. at least cohen he didn t leave him disgraced with the feds on he has behind. maybe they had a policy disagreement. that s okay. that s okay in politics. you guys aren t like minded. one of you has to go and it s not going to be the guy that got elected. that s politics i ve seen that my whole life. a second topic, i ll use it as my closing. human trafficking. the president says it s a big deal. that s why we need the wall. i never liked the argument because i spent too much time on the issue and i know that bringing kids across the border is not the problem. it s not the problem. the problem is right here at home. 2-thirds of the population of the kids being trafficked are american citizens. a lot of them are minorities and being shopped around. he says he cares about
obviously his chief of staff here, gary cohen, the economic adviser, they all think he s crazy. they all think he is not responsible. they think he is like a fifth grade child. i mean, this is all shocking, but it s not surprising when we have heard inside accounts of how the president behaves in office. right. secretary mattis saying he understands at a fifth or sixth grade level when they all got together last july at the pentagon trying to explain the importance of allies and diplomacy. gloria, your biggest take away? well, i guess the biggest take away that i have is the extraordinary line from the woodward book when he says that what was going on at the white house amounted to no less than an administrative coup d etat. you have details of gary cone the former economic adviser taking a paper off the president s desk about stopping a trade agreement with south
there are others you would be picking on. i think you should suggest that viewers send in their nominations. i would like an entire hour on gary cone. to get a one year job just to get out of paying hundreds of millions in taxes while he s pushing horrible policies on the prest. i can hear about that all day. absolutely great idea. send us your target for swamp watch. kimberly. yes, i think the whole point is you want transparency and efficiency in government and honesty. the office has been under some scrutiny for sometime. they are disorganized. they need overhaul. i m sure when the president turns his attention on that he will do something good with that. it s just the beginning of what