asking if this was a community bank in my state. would the government do the statsame thing for a small bank in my state or the government rushing to help a bank out in california. is there a fairness question at risk here? or do you see the government acting even handedly the way secretary yellen put it if they have a risk of systemic failure, the government is going to jump in. if you don t see the threat that high, maybe not. i do think say the market closed today and another bank fails, that s a possibility. there will be a small bank. it won t be a large bank. i do think the government, the fed, the treasury shoulddeposit institution just like they did for silicon valley bank. in this environment, it s a very uncertain environment. people are really nervous.
it is a complete abrogation of the president s duty to uphold the law, to faithfully execute the law. and instead he is trying to grab political power in a breathtaking way. and the justices who are constitutionalists and textualists would be out of what they have, their responsibility to make sure that the president stays in his lane. howard: i m the, i ve got about a minute for you to respond tim one of the things gayle said is this is the sole purpose of grabbing power, but i m willing to acknowledge that maybe joe biden believes this is a good idea. but there is the question about fairness, who gets it and doesn t. your thoughts. yeah. or maybe we are just seeing the government being responsive of the needs of young people. and there s an age distribution with the loan forgiveness as well. it s not going all to people who are in their 0 thes, it s going to people in their 30s and beyond. so, look, it s concern i m glad we re having a fairness question. not everyone benefits f
here. and i know it can get kind of wonky, but the question is, is it legal for a president to act on his own and cosuch a thing. well, these justices, conservative justices are strict tex chowlists, they should look at the twea law that gives the secretary of education the ability to waive or modify student debt during a national emergency. it is the really clear. but now we ve moved to this fairness question which is interesting as well, because 90 percent of the debt relief goes to people making under $75,000 to. we ve seen as applications came in two-thirds of those applications came from neighborhoods where people were making less than $40,000, and we don t ask this question on a whole bunch of other policies. we have a farm if bill that goes to farmers, not everyone s a farmer. we have funding that goes to schools, people pay for that. so there s a fairness question embedded in a lot of policy, but nowst the advantageous for the conservatives to bring it up, so that s why we re
and add another 400 to 500 billion. dana: interesting back and forth with peter doocy and secretary cardona asking who will pay for this? this is money leant. what happens? watch this. the fairness question. the people that are sitting at home having just paid off their student loans or having paid them off years ago, what is in it for them? when we address some of the issues that could lead to default, payments are default borrowers of the future affects everyone. we should be proud we are able to help americans that need help now. the people that already paid their student loans, they don t get anything out of this deal. right. that s right, okay. that s right. it is right. it is not just them. the people who paid back their loans responsibly. what about the parents who broke their backs to send their kids to school so they wouldn t have loans or people who went to trade school to do something else and not have to pay for
testimony and all of that in front of the senate. so i do think you still have folks there, even on trump s side has say you know what, there s a fairness question. is it going to move four or five republican senators? you know what, it is not going to move enough to remove him but could move enough, a handful, that are involved. so we get a trial then? i think there will be a trial. real one with witnesses? i think maybe there will be witnesses. that s a great question. do you think republicans, do you think susan collins, cory gardner, mitt romney, could they join the 47 democrats and come up to 50. why would they do that. if the president had a perfect call, he will send people over to say he had a perfect call. what we know now is 17 witnesses, most of them if not all trump appointees, they were all trump s people. and all of them gave information