get mortgage money from the taxpayer, plowing it back into your state and district. and you re absolutely right when you say republicans are as much a part of the problem as democrats. democrats are more guilty of taxing and spending and bore ring. how many you have so many borrowing but you have so many republicans on the other side who are progressive and believe in big government and refuse to rein in spending, the size of government. they are just as guilty of getting us into this predicament as the democrats look, look, charlie, i want to bring you in this gets back to how you look and how many in the media will look if they dare question stepping unemployment benefits or they dare seem to be heartless by even questioning the idea 50 weeks, 99 weeks. how about this for washington accountability. fannie and freddie still exist, that caused the housing crisis, and fannie and freddie were hit
recommend on my business show full accounting of all departments and inspector general for all federal spending so we can keep track over every penny and not just a sweeping generality. then you re shining the light on all of this. we have always needed that but since the great recession, 2007-2008 we have had unprecedented fiscal and monetary stimulus and there is nobody representing the taxpayer. if there was bipartisan accountable, fannie and freddie would have been out of business in 2005 when there was an accounting scandal. now, why is it still in business? george pushed like fannie and freddie. enough of this to go around. our budget now is lower than it was in 2008. 1.78 trillion, and it s 1.5 trillion here that s accountability. i am going to keep pushing
government and i think you mentioned the political motives. we can get that that but this is the ceo who s criticized the dodd frank financial law. that s an interesting point, mary. the fact is that that is one of the banker who runs jpmorgan chase, jamie dimon has been critical and political persecution here. jamie is one of the few big ceos that s come out and spoken out against what happened with fannie and freddie and government regulation. and as james says, you know, where does this money go? that s a good question. where is it going. $2 billion is going to the justice department to do with what it likes and 7 billion to federal and state agencies and $4 billion to consumers. now, david, are these consumers who were truly harmed? are these people who were paying their mortgages and foreclosed on? it s very unclear. what i do know is that some very prominent attorney generals who have political aspiration, new
capitulation. i think we should stop talking about the grand bargain and try to have normal leadership in the next few months. i want you to do something, maria. we talk about accomplishments in the administration, a second term agenda. part of that agenda we re seeing play out realtime with big news about jp morgan. a huge settlement, $13 billion, with a b, in an attempt to settle all the civil litigation that responds to whether they sold subprime loans into the marketplace to fannie and freddie. but this goes to a larger point, which is this reckoning for wall street that s finally happening that a lot of liberals have been cheering for. yeah, i think that reckoning continues. this is worse than people expected. a lot of people thought it was $11 billion, it ended up at 13. also very important here is the fact they did not do away with the possibility of criminality. this is jp morgan.
that responds to whether they sold subprime loans into the marketplace to fannie and freddie. but this goes to a larger point, which is this reckoning for wall street that s finally happening that a lot of liberals have been cheering for. yeah, i think that reckoning continues. this is worse than people expected. a lot of people thought it was $11 billion, it ended up at 13. also very important here is the fact they did not do away with the possibility of criminality. this is jp morgan. this is jamie diamond, the ceo, who is viewed frankly as one of the most responsible players in the whole subprime mess did not need federal bailout money with the leader, did things the government wanted him to do in buying washington mutual and bear stearns, and yet they become a big target. this has been one of the repercussions of the financial crisis, and that is the pendulum swinging a little far in terms of regulation. this is the cost on business, and this is one of the reasons the busines