I always appreciate your writing and editorial in your thoughts on banking and bank regulation. What do you make of what is going on . Thank you, its so good to be with you. If you are a bank, you depend on a government charter. If they come after you, practically speaking, you cannot write them. So its the same kind of thing that happened and the government is now on a roll. In forcing banks to make ridiculously high settlements and if these were real problems, private parties that were supposed to be victims would be suing and winning in court. But you can see that its only because of government having the power of the gun, that they are able to get this done. I love you brought that up. When you think about it, the watchdogs did not bark in the runup to the crisis. But they had all of the regulatory powers all the way back to 1991. They have gone after the bad guys on wall street. This seems like enforcement theater that the general public is ignoring. So william douglas, he basical
I always appreciate your writing and editorial in your thoughts on banking and bank regulation. What do you make of what is going on . Thank you, its so good to be with you. If you are a bank, you depend on a government charter. If they come after you, practically speaking, you cannot write them. So its the same kind of thing that happened and the government is now on a roll. In forcing banks to make ridiculously high settlements and if these were real problems, private parties that were supposed to be victims would be suing and winning in court. But you can see that its only because of government having the power of the gun, that they are able to get this done. I love you brought that up. When you think about it, the watchdogs did not bark in the runup to the crisis. But they had all of the regulatory powers all the way back to 1991. They have gone after the bad guys on wall street. This seems like enforcement theater that the general public is ignoring. So william douglas, he basical
Of an ecd press report. Our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. The stock continues lower premarket as investors watch the death cross watch. A cnbc exclusive, tim geithner says over the cliff is a must. Bank of england and ecb keeps rates unchanged. Europe continues to hang in there economically. And nat gas gets a boost. The government finds exporting it is better than keeping it here at home. Apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. The one day loss erased nearly 35 billion in market cap. That chunk is bigger than 400 other s p 500 companies. Apple ceo tim cook talked to Nbcs Brian Williams in our rock center exclusive. Why cant you be a made in America Company . You know, this i found, as a matter of fact, the engine in here is made in america. And not only
New revenue stream for the district. And the rest of the money that we would probably put into a building reserve for that same site. Thank you. Commissioner haney. Yeah, so i am just going to make some very brief comments i think that there is no way that i can be nearly as articulate as all of the folks that came out and let alone put it in poem form, i want to thank you for coming out tonight and i think that the comments that we heard tonight were perfectly articulated that the crisis that the city is in and it is not just a crisis that the city is facing it is a crisis that the School District is facing and i incredibly appreciate the folks who say that this is not something that the School District can ignore and it is also our responsibility and we had this conversation earlier this year around local hire, and the School District spends a lot of money in the city and we own a lot of property and so when we make the decisions that reflect our values and it is no just what happens
Building reserve for that same site. Thank you. Commissioner haney. Yeah, so i am just going to make some very brief comments i think that there is no way that i can be nearly as articulate as all of the folks that came out and let alone put it in poem form, i want to thank you for coming out tonight and i think that the comments that we heard tonight were perfectly articulated that the crisis that the city is in and it is not just a crisis that the city is facing it is a crisis that the School District is facing and i incredibly appreciate the folks who say that this is not something that the School District can ignore and it is also our responsibility and we had this conversation earlier this year around local hire, and the School District spends a lot of money in the city and we own a lot of property and so when we make the decisions that reflect our values and it is no just what happens in the classroom but everything that we do and i hope that this can be a wake up call for us. An