condition. these are patently false statements that are being made about mitt romney, he has not come out and said that he s going to do what the senator is stating. in fact just the opposite, i think one thing that women are seeing is that mitt romney is an extremely smart guy, he s been successful in creating jobs in the private economy and that s something barack obama has not been able to do. mitt romney also understands how to turn around companies. the united states government needs a turn around person that knows how to be successful. not only is mitt romney smart on job creation, he has a very optimistic message also. i think that s why women are trusting him when he speaks. one thing the senator had mentioned, is that women start jobs, women start 2/3 of all small businesses. but the problem is under the dodd-frank bill, there is a denial of access to secret. the other thing under health
been so sort of tough on this the issue, when you look at the policy proposals, mitt romney s tax policy and newt gingrich s policy favors the guys on wall street. and mitt has been campaigning on repealing the provisions in the dodd-frank bill. that is him calling me to held me he is mad. they want do back to the system largely that we had pre2008. i guess the question is for those of us that live in new york, when we talk about the means that are out there, to what degree do we believe that the days of the dinners are gone and perhaps not on break? i mean, new york city is a money town. that is right. so money is going to come through here in one form or another until they burn it down. so, i think, i think the lavish
bonuses go down 20%, so they are over compensated relative to their performance. so in that sense, the same old same old aapplies. but i think the crisis on wall street is the recognition that there will never be a bubble like we saw. all the engines that drove it from 2005 to 2008 are gone. there s criticism that dodd-frank did not go far enough, they had to shed the things that they did to generate the money they made in the bubble. so that is what they see, not a rosie future. the prop trade is not what is driving the profits down in a significant way. that is not happening. if you look at the fourth quarter reports, it has zero to do with it. but before 2005, a session of
argument? the student from mit may have gone to work for a company but now working on facebook may draw them to go to the west coast. you ve seen bloomberg courting the tech business. for a while, we were so finance dome mate einated that they wan bring in the industries. silicon valley is popping up in the flat iron business. and dodd-frank is doing something, right? the guys i talked to really feel the pressure of the regulatory environment. and it s changing their business, there s debate about how much it s changing their business, if you look at the leverage ratios, not to get technical, the businesses cannot borrow as much money. i know that critics wanted to go further and break up the banks,
$19 billion from the u.s. taxpayer? who was helped and who wasn t helped and why. i think it is astonishing that you have a country in which enormous amounts of money have gone to very, very big institutions. the dodd frank bill has actually increased the size of the largest banks. the banks who were the problem. the dodd frank bill is gradually crushing small independent banks and yet the washington power structure that seems incapable even of having hearings to look at this and frankly if you look at the list of romney s top fundraisers they are all from wall street and all from the old establishment and all have a vested interest in protecting the old order and i think that is a mistake. we need to change, washington, not keep it in its current form. chris: let s talk about one member of that washington power structure, part of the republican elite and that is bob dole who was the senate republican leader at the same time that you were the speaker of the house and he put out a sta