And featuring the legendary roots crew. Questlove 707 santa rosa steve and now, here he is, jimmy fallon [ cheers and applause ] [ cheers and applause ] jimmy thank you very much. [ cheers and applause ] hot crowd tonight. Hot crowd tonight. [ cheers ] welcome, welcome, welcome to the tonight show, baby. This is it, man. Youre here. [ cheers and applause ] youre here. Oh, its fun. Gonna be a great one tonight, you guys. Well, here, first, heres what people are talking about, all right. I saw that a Magazine Article just came out that said donald trump jr. Is miserable. [ laughter ] and he wants his dads presidency to be over. [ laughter ] it was in the section, stars, theyre just like us. [ laughter and applause ] People Magazine did a big feature on don jr. And it says that he likes to spend his weekends at a rustic cabin in upstate new york. [ light laughter ] he said the only thing he doesnt like about the cabin is when hillary shows up in a a hockey mask and chases him around the l
And featuring the legendary roots crew. Questlove 707 santa rosa steve and now, here he is, jimmy fallon [ cheers and applause ] [ cheers and applause ] jimmy thank you very much. [ cheers and applause ] hot crowd tonight. Hot crowd tonight. [ cheers ] welcome, welcome, welcome to the tonight show, baby. This is it, man. Youre here. [ cheers and applause ] youre here. Oh, its fun. Gonna be a great one tonight, you guys. Well, here, first, heres what people are talking about, all right. I saw that a Magazine Article just came out that said donald trump jr. Is miserable. [ laughter ] and he wants his dads presidency to be over. [ laughter ] it was in the section, stars, theyre just like us. [ laughter and applause ] People Magazine did a big feature on don jr. And it says that he likes to spend his weekends at a rustic cabin in upstate new york. [ light laughter ] he said the only thing he doesnt like about the cabin is when hillary shows up in a a hockey mask and chases him around the l
Thought and the whole system starts unraveling in reverse. The political response to 2008, ben bernanke, henry pulson, president bush, and obama, did they get right . Guest i think once the crisis unfolded. Ben bernanke and the Federal Reserve acted correctly. And that is no small measure due to the part tha bernankes doctoral thesis had to do with the Great Depression and he worked out a new interpretation why the Great Depression was so severe. He talked about the credit influences and that you really have to rescue the Financial System to make sure lending continues. So i give him a lot of credit for saving things. The Bush Administration pushed through a small stimulus package in 2008 and that probably helped a bit. But in terms of fiscal policy, tarp, which was the bank bailout was incredibly important. It reassured people that the Banking System was going to continue. Tarp was a recapitalization of the Banking System. The banks had been holding lots of assets that suddenly were l
Falling victims to pay day loans. They put themselves into a whole they cannot get out. They live from paycheck to paycheck but the purpose for each time the so how would it incurred rage those people or be a way to help to manage their money. Then is not the person i would trust but maybe they would. So i will is a that in two parts. Lengthy it isnt necessarily a lack of education or for the huge old management and they dont know how to manage i dont have these vigil skills in the filing is paycheck to paycheck and i would have more. So when i talk to people they express a higher awareness of the interesting and fees. I am not saying theyre not educated because they didnt know what theyre giddy in to getting into oblivion paycheck to paycheck but going back through the 18 ted that came up from peoples mattresses that yielded stockings. The data is hard to measure but it shows there is a lot of money not to index jan dates so it ends up bid cash if you have cash in your wallet is gone.
Ourselves. A sizable chunk is owed to foreigners that which if you want the candidates, did the chinese and the various Oil Exporters. How do you quantify that . What is considered u. S. Debt . Guest thats a complicated question. Most of the numbers you hear is debt owed by the u. S. Government. Theres a lot of other bad including debt and household to banks, corporations, other corporations and Financial Institutions. And so, if i were to add up all the debt all the debt, would be sort of double counting. Most of the time we talk about the night that. In terms of all private individuals and government. And that works out Something Like that the moment 25 of gdp. Thats a lot. But in another south is not as problematic at certain times. The question is not that bad and certain times they get into trouble and theyre unable to pay their debt to become insolvent. We cant just say this is all dead here and that sort of all washes out. The first time that lead to crises. Institutions and hou