we have to elect politicians who say you have to have this much and they are smart enough to know. we have a lot of people who know how the financial system works and how to regulate these things effectively. if you are a real friend of capitalism the best thing is to bring the free market principles to bear on the financial sector. no privileges and no bailouts. if you fail you go down. transparently, free flow of information, competition and the freedom and bankruptcy. and those principles are not being brought to bear on the financial system. we need rules that allow that transparency and competition to happen. they operate in essence like a monopoly and get tax subsidies from the united states people and the lower interest rates that they pay on the money that they borrow from us. let s go back to the prohe tests. what good do the presidential we we started a bank we
across the united states. all across the globe and there will be some systemic change in capitalism and innovation is going to be the change. i hope it is good innovation. thank you joe and erica. coming up, the protesters call wall street a drain on america. and lots of people think they re right. and from what we can see, it seems bankers and stock pickers get rich by shuffling money around and exploiting people. that is why protesters carry signs like those and yell things like this. when was the last time those rich people did a hard day s work? how do they make money. they steal it from the working people? it is all the bank s c.e.o.s. all of them. they should all be in jail. they steal money and should be this jail. my next guest wants to explain why that is just wrong. fore! fore! no matter what small business you are in, managing expenses seems to. get in the way.
we have to elect politicians who say you have to have this much and they are smart enough to know. we have a lot of people who know how the financial system works and how to regulate these things effectively. if you are a real friend of capitalism the best thing is to bring the free market principles to bear on the financial sector. no privileges and no bailouts. if you fail you go down. transparently, free flow of information, competition and the freedom and bankruptcy. and those principles are not being brought to bear on the financial system. we need rules that allow that transparency and competition to happen. they operate in essence like a monopoly and get tax subsidies from the united states people and the lower interest rates that they pay on the money that they borrow from us. let s go back to the prohe tests. what good do the presidential we we started a bank we
out of the economy and 25 million unemployed americans is a crisis. unemployment was higher in 82. most people don t even remember. joe, you were around in 82, i bet you don t remember that. i give you credit. you have run businesses and now you say regular capitalism, making a profit isn t good enough. capitalism needs to shift away from the narrow focus on financial returns. that is what it is about. earn for the shareholders and we grow. it was designed to provide for a public good. i believe capital islamistssome a great instrument to help the common good that it can be innovative and solve social and environmental problems through its activity. frankly the behavior last night was unacceptable. the level of frustration that these people exhibited shows you what is happening throughout the country and around the world. you made some games, you suckered the california
out of the economy and 25 million unemployed americans is a crisis. unemployment was higher in 82. most people don t even remember. joe, you were around in 82, i bet you don t remember that. i give you credit. you have run businesses and now you say regular capitalism, making a profit isn t good enough. capitalism needs to shift away from the narrow focus on financial returns. that is what it is about. earn for the shareholders and we grow. it was designed to provide for a public good. i believe capital islamistssome a great instrument to help the common good that it can be innovative and solve social and environmental problems through its activity. frankly the behavior last night was unacceptable. the level of frustration that these people exhibited shows you what is happening throughout the country and around the world. you made some games, you suckered the california