And when you vote on monday, heres what my call to you lead, dont follow. Lead, dont follow. Dont just follow what, you know, all the folks want to talk about and what the interesting dynamics of the race are. This entire race, every interview i do on national media, do you know what they want to talk about . Polls. All they want to talk about is polls. Nobody wants to talk about issues, nobody wants to talk about solving problems, nobody wants to talk about how we are going to make america a stronger country. Everybody wants to talk about polls and polls drive attention. Attention drives polls and we have this vicious cycle where no ones talking about the big problems that confront this country. Well, you in iowa know better. Youre looking for the person who should be president. Thats your job. Your job isnt the same job as people who, you know, are from some of your bordering states. From illinois, for example. By the time the race comes to illinois, there will be two or three candid
I want to set you free. I want a government so small, you can barely see it. President paul. President paul. President paul. President paul. Mr. Paul for several years i have been fighting a law that allows americans to be imprisoned without a jury trial. It was signed by president obama a few years ago. My fear is that one day i president might use indefinite ,etention the same way fdr did to send japaneseamericans to internment camps, or detain africanamericans like they did in the old south. Power corrupts. As we have seen with an outofcontrol irs, using its power to harass and intimidate conservatives for their political beliefs. The irs presumes you are guilty until proven innocent. Imagine being detained without a trial because your own government deems you suspect, but does not after. Desperate does not have to prove it. When i think about indefinite detention i am rim reminded of a scene from to kill a luckily, scout comes to the rescue, as she always does. She recognizes the l
Have the same expertise. I think its regrettable and a what youre saying but i think there are tools for pushback and they need to be used. Its hard to go to the public and say to the people are buying houses and pretending to flip them, we will take away your credit because we dont think buying a home is a good idea. I think it would have been a lot of political support. Now there is but not back i mean, the public is basically saying, as we all know, people who speculate in the middle of it and thought they were doing the right thing. Based on what we discussed this morning, what is the one recommendation you would give to each of the following participants, the government, Financial Service providers and consumers . Give a sort of a short, snappy response to that question if you can. May i go first. Sure. Well on the government, balance the budget. Simple. There you go. One other one of the reasons why balancing the budget is so important because that would give us more room to fina
Transparency. One of the things its much too widespread. And that leverage is one of the things that grows out of the derivatives and other highly structured complaints. But they do a better job within the industry and trying to get more effective disclosure particularly as it surrounds the concept of leverage. Getting the fiscal house in order he also said Monetary Policy only accomplishes so mu much. We have to do it in a way thats fiscally possible. Those are the kind of discussions we need to be having if we need fiscal policy to get more robust growth in our economy. I wish the congress with all of the unemployment there isnt a greater focus on jobs in the economy i dont know but i think that is a benefit for everybody including the Banking Sector to get this economy going in a way that we have been used to in the past. For Financial Service providers i think things for the long term in terms of the longterm Customer Relationships, think of making money by providing the value not
Are not dozens of them around the world. And i suspect that in many cases the discipline thats been applied to risk control and Risk Management are some of those clearinghouses and related organizations probably is not what it should be. I suggested, for example, that for all of those mechanisms there should be, among other things, minimal standards whereby using stress tests and related techniques, you should have a standard that would say that any one of those organizations anyplace in the world showed, among other things, have the capacity that at a given business day they could survive the simultaneous default of their two or three largest artist events. So thats pretty draconian stuff. But i think it is symptomatic of the fact that weve got a lot of work to do to get our arms thoroughly around the shadow system. Keeping in mind, above all else, that it is in my judgment a twoway street. I would agree with that. I think doddfrank try to deal with issues associated with basically tw