has always been a progressive in the democratic party and voted against the iraq war and bank bailout and voted against the repeal of glass-steagall that set the dominos falling that caused the wall street crash in the first place as governor his state was the first to sue trump over the muslim ban and the moratorium in the death penalty and abolished the death penalty and signed a state-wide guaranteed paid family leave plan. you get 12 weeks paid time off from work for having a kid or serious medical issue and equal pay law for men and women and the first state net neutrality law and a staid wide version for health insurance. it got traded away when obamacare passed. public option for health insurance everybody can buy into and statewide pardons for marijuana misdemeanor related
to. time to get caught up on business news and we have a business of, glass-steagall. rob: here with what you need to know. customers saying their glass tables are spontaneously shattering, you can see glass everywhere, scary stuff. consumer product safety commission received a dozen complaints of this happening. ikea hasn t issued any recalls yet but after an incident involving one of these tables shattering your toddler, the glass tested rigorously to meet the highest standards over time. small fractures can affect the durability but it is designed to shatter to minimize the risk of injury. that doesn t sound very
banks that take your money as a deposit were under glass-steagall not to do things that would risk your hard-earned money because investment banks do risky things. not a bad way, but they take higher risks than you should with your money. 21st century glass-steagall is code for you break up the banks or you don t. roe versus wade about one thing, abortion. steve mnuchin can visit elizabeth warren all day long and sunday, it s about one thing. it means nothing. word smithing. a big campaign promise of donald trump was to renegotiate nafta. this week the administration officially notified congress it intends to do just that. the president blames nafta for sending u.s. factory jobs to mexico and for trade moves by canada that he says is unfair. ali, why can t the presidency that a trade deficit is different from a budget deficit. things are going back and forth. by the way, mexico, our third biggest trading partner.
glass-steagall. here s how the discussion went. this is like something straight out of george orwell. you re saying simultaneously you re in favor of breaking up the banks. that s what glass steeg al is. i ve never said we re in favor of breaking up the banks and separating if we had, it would have been very simple. let me try it one more time. i have to try this one more time. what does it mean to be in favor of 21st century glass-steagall if it does not mean breaking apart these two functions in banking? you know what, i d be more than happy to come see you and follow up and talk about this. just tell me what it means. had we we never came out just tell me what it means tell me what 21st century glass-steagall means if it doesn t mean breaking apart those two functions. it s an easy question or impossible question. it s actually a complicated question. i ll bet. no, it s not. not so complicated, riot?
what i would argue to our president and mr. cohn in the financial choice act with both of them have at least given some comments to we help achieved that goal. at the end of the day, i don t think this is about downsizing banks or super sizing banks, it s about right sizing them with market discipline as opposed to regulatory fiat which has hurt us so bad in 2008 panic when we had federal policy that sent financial institutions to put people into homes that they couldn t ultimately afford to keep. paul: so you would not agree with the idea that some have offered, including democrats, repeal of glads glass-steagall or much of it played a role in the financial crisis of 2008? not in the least. i don t see any intellectual case that can be made of the fact that those positions that impacted glass-steagall played