that s slightly obscure. glass stealing was a law that separated investment banks and commercial banks, the vanilla, you have depository accounts and investment banks are higher risk, doing deals and things like that. the two had to be kept secret under glass segal. that was revealed in 2000. i am championing a public option for banking. i find this argument novel. public option for banking or try to do something intrinsically risky and dangerous. for something short and protected. two questions. reihan. first of all, if we lived in the world of your public option, would you not rescue the scary dangerous casino banks? would you let them go under? absolutely. in the european central bank, you have a situation where banks are being able to use bank loans as collateral. i am not defending the system. i am not saying that you sr.
glass stealing was a law that separated investment banks and commercial banks, the vanilla, you have depository accounts and investment banks are higher risk, doing deals and things like that. the two had to be kept secret under glass segal. that was revealed in 2000. i am championing a public option for banking. i find this argument novel. public option for banking or try to do something intrinsically risky and dangerous. for something short and protected. two questions. reihan. first of all, if we lived in the world of your public option, would you not rescue the scary dangerous casino banks? would you let them go under? absolutely. in the european central bank, you have a situation where banks are being able to use bank loans as collateral. i am not defending the system. i am not saying that you sr. i am just asking you a
last year the u.s. collected $2.2 trillion in tax revenue. but bloomberg government has run the numbers and your plan would have raised no more than $2 trillion. and even with that shortfall, you d still be slapping a 9% sales tax on food and medicine. the problem with that analysis is that it is incorrect. so bloomberg is incorrect in their analysis because the pizza man said so. it s pretty entertaining. this whole debate was high on rhetoric and absent of solutions. newt gingrich wants members of congress to go to jail for the financial crisis. if you want to put people in jail, i want to second what michelle said. you ought to start with bernie frank and chris dodd. look at the politicians who profited from the environment and the politicians who put this country in trouble. yeah. and who was it that voted down glass segal and deregulated wall street? newt i thought you were supposed
the numbers and your plan would have raised no more than $2 trillion. and even with that shortfall, you d still be slapping a 9% sales tax on food and medicine. the problem with that analysis is that it is incorrect. so bloomberg is incorrect in their analysis because the pizza man said so. it s pretty entertaining. this whole debate was high on rhetoric and absent of solutions. newt gingrich wants members of congress to go to jail for the financial crisis. if you want to put people in jail, i want to second what michelle said. you ought to start with bernie frank and chris dodd. look at the politicians who profited from the environment and the politicians who put this country in trouble. yeah. and who was it that voted down glass segal and deregulated wall street? newt i thought you were supposed to be a historian, dude. missed that one. rick perry looked like a deer in the headlights at times.