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Detailed text transcripts for TV channel - CNN - 20210523:17:47:00

so if interest rates are 10% and you take on a billion dollars of debt, you re paying $100 million in interest a year. if the cost of capital is 1.2% it is $12 million. and that sort of means the amount of money you borrow is entirely related to the amount of interest that you pay on it. the cost of that debt. same thing when you buy a house, right. people yes they think about the cost of their house. but almost nobody buys a house. they get a mortgage that allows them to live if the house and the cost of that house for them is how much money they have to spend monthly to service that mortgage. and i think that should always now be the criteria. zack karabell, always a pleasure to talk to you, and the book is terrific. i see it behind you there. inside money, brown brothers harriman and the american way of power. next on gps, russia wants to dominate the arctic, especially

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Detailed text transcripts for TV channel - CNN - 20210523:17:43:00

isn t just new regulations and taxes. zachary karabell described an older financial partnership model that came from the brown brothers harriman in which banks bet with their old money and emphasized not more and more and more, but enough. it is all in his new book inside money, brown brothers harriman and the american way of power. so we re in the midst of a big debate about the future of capitalism and there are people in washington who want to change it by regulating and taxing it. the message of your book it seems to me is there is something much deeper that needs to change, which is the fundamental attitude of capitalism s elites. that is absolutely true. one thing i glean from doing this book, but probably thought about before, was that a lot what we have now in terms of the capitalism of more, more, more,

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Transcripts for FOXNEWS The Story With Martha MacCallum 20200222 00:27:15

Transcripts for FOXNEWS The Story With Martha MacCallum 20200222 00:27:15
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