talked some seven weeks ago. that yielded no results. there s hope this one will. welcome, everybody. i m neil cavuto. we had a crazy day at the corner of wall and broad. we did add have two prominent irish men break bread. let s go to capitol hill. the president and speaker did not meet since they discovered the debt ceiling. no formal talk today. this luncheon has a history of helping political opponents solve problems like the good friday accords. i agree with the speaker. there s no reason why we can t find common ground. there s no reason why we can t hope to change this direction of the extremes both our parties are pushing. mccarthy whispered to the president good job after his remarks. two irish american political leaders launched this four decades ago, president reagan and tip o neal. the luncheon helped them break political differences. for america, we know the stakes are high. a clash is brewing between the president and i. what would be the ramificatio
that didn t work. it wasn t just bear stearns, it was the bond insurers and fannie and freddie. her point is sheila s point is very much on point in this sense. in the 30 years before the financial crisis, there was multiple bailouts. multiple u.s. government involved in various missions to save the financial system, whether it was the saving of the long-term capital hedge fund, if that blew up, all of wall street would go with it. the mexico peso crisis. you can go back on all of this stuff. it created moral hazard. people thought the fed and the treasury and the government was going to come in and save them. they took more risk because they had the backstop. neil: this is a bigger