I dont think if it was, i would have said so. I think as pressure is brought to bear on that group, we will increasingly seek to leave. Our estimates that are half of south africas white middle classes have Foreign Residents rights if they choose to exercise those rights. You say why are we there. Every individual will have to talk for themselves, but certainly i think my colleagues and many others want it to be a success and want to be an influence in allowing it to be successful because while its turning against us, those upside scenarios remain within reach for south africa and were not going to die wondering what would have happened had we as a think tank not committed every resource we possibly had to reform. If its going to go down then its going to go down in a fact. And unfortunately the trends are starting to turn against us. The gentleman im pointing at. Thank you. Im piter justin, the ceo of a Company Called five plus. We focus on growing entrepreneurship economies. Im curio
Forgive me for turning this into a lightning round. But general clark we talked , about systemic financial risk. I wish we had five minutes to devote to this. Were basically out of time, but you talked about a book you wrote that discuss this and maybe you can give us the kind of elevator version of it. Gen. Clark dont wait for the next war. We create an awful lot of debt in the Financial System and we havent addresses the systemic issue. Still hundreds of trillions of dollars of derivatives based on Interest Rate and if you ask the inside banking crowd, when are we going really raise Interest Rates . When are we going to get away from quantitative easing . The answer is never. And its only a matter of time before some smart young Hedge Fund Guy says, you know what . This debt is not sustainable and will spread like wildfire through the Financial Community and well be back in some trouble again. We have to take our Financial Resources and invest in real projects. We need petrochemical
Other candidate enters the president ial race, former governor mike huckabee. He will announce from arkansas. We will have live coverage in about an hour. Later today, precision medicine. That hearing begins at 2 30 p. M. Eastern. We will have that life for you as well on its east end. Later this afternoon Hillary Clinton in las vegas speaking to students at Rancho High School about immigration policy. Remarkable partnerships, iconic women. If she did save the portrait of washington. It who ever could find that where frances was doing, who she was seeing, that was going to sell papers. Howd you do that . She did it. She exerted enormous influence because she would move a mountain to make sure her husband was protected. First ladies is now a book. Based on original interviews from a cspans series, but at the lives and visions and families. President ial historians on the lives of 45 iconic american women. They survived the scrutiny of the white house. They often changed history. First l
They dont want to be designated but they also said the fact that they are closely supervised by the that is one of the most to the community. So the fact that they dont want to be close and supervised by the fed is simply the size alone and theres nothing they can do about it unless you want to break up fidelity. Thank you for asking. Okay, so banks greater than 50 billion dont have a choice. That is my time. Im sorry, did you want to talk over me . We know that. Believe it or not, the time alongside the gentle lady from new york. So why did they not want to be designated. Designation and supervision is what leads them to think this, so why would they not want to be designated. Again, at the time alongside to the gentle lady from new york area. I rather hear discussion between the two of them than the majority of people here on both sides. You are recognized. I agree with that. Here you have to have designation, which is aig and he had no choice and they were silent and the other Insur
And they wouldnt have stopped any of it. You couldve made all those bad Mortgage Loans. And then the question is if you break up the bank and its its part of the issue. Its one of the things that we asked him to look at with regard to discretion. And so why i changed my own position, i believe didnt agree with this but they are part of the complexity and i think that its not just about complexity but its a very good way to diminish this complexity. So my question is what is the level in which you have to get them down and precipitating this was a failure of the Lehman Brothers, so presumably if you think that no bank should be too vague than the big issue would be Lehman Brothers was like this at the time. And so then how does the federal Government Order dismantlement. I do think the complexity issue of the bull rule also has an amendment that was offered by paul when he was here which does give the fed the power to order the divestiture of any particular segment in particular institu