appoint richard cordray. he sees as it important because this is a group that would oversee things like payday lenders and student loan companies. we re going to be hearing from the republicans shortly, i have no doubt. before the iowa caucuses, mitt romney was killing it in new hampshire where the first in the nation primary is next tuesday. but it is a whole new day in the republican race. i m joined by former new hampshire senator bob smith, a newt gingrich supporter. good morning. good morning, chris. you saw it newt gingrich came in a distant fourth last night. he s vowed to stay in the race and is going to start hitting back at mitt romney in ads in the next three primary states. are you worried, is it too little, too late? new york not at all. this is a long-distance run. we expected that. this is the first quarter. you didn t expect him to come in fourth in iowa? well, look, no, we want to win. i mean, winning is the best, that didn t happen. but it s still early. i
value for other people? other people aren t there. we make money alone. so you re saying people are there to extract money from? the reason that human beings exist is they re an opportunity for those who are good at getting rich to take money from? absolutely. we should exploit people. there are so many ways to do it. my recent favorite is student loans. i mean, student loans, you give kids a hundred grand, high interest rates, and make sure that you track them down. student loan companies track kids to the end of the earth. if osama bin laden had a student loan, we would have caught him september 12th. so you re saying, why bottom creating value when working inside of it but isn t that the cynical collapse of the american dream? dylan, i m really looking forward to having you on the show tonight, because i want to change your perspective. rome is burning and you re trying to put out the flames. you should be selling fiddles and marshmallows. get yours while you can. what
do. nobody can get the support to get one of those through. do we have to look for just the possible? i think mission number one is to raise the debt ceiling. they cannot get away without doing that. saying they re going to downgrade you. but they left a bit of an out. if you raise the ceiling but give indication you re on the road to getting a deal, we ll keep you on credit watch negative but take you off and affirm your aaa rating if you get it done within a couple of months if we see that possibility. so that s that seems to me to be the fallback plan for congress. weather they take senator mcconnell has put a fallback plan in that neither seems to like to allow the president to raise the debt ceiling a couple of times. politically it would make him look bad. number one mission, raise the debt ceiling. ken, considering how hard this has been, how contentious, has the damage already been done in some extent in the world s view? not yet. number one we have to raise
jeanne, first question, is it time to simply say, let s go for the possible in washington? everybody has grand ideas about what they want to do. nobody, nobody can get the support to get one of those through. do we have to look for just the possible? i think the mission of everyone in congress is to absolutely raise the debt ceiling. they cannot get away without doing that. the s&p has been the strongest credit rating agency. they said, we re going to downgrade you if you don t come up with a plan. but they say f you raise the ceiling but give us indication that you re on the road to getting agreement on the deal, we ll keep you on credit watch negative but we ll affirm your aaa rating if you get it done within a couple of months, if we see that possibility. that seems to me to be the fallback plan for congress. whether they take senator mcconnell s plan, neither the republicans or the democrats seem to like it. it would allow the president to raise the debt ceiling a numbe
before student loan reform qualify private companies were getting subsidies to give out loans, right is? the loans were guaranteed by the government anyway. the government is taking on all the risk, guaranteeing the loan. and they are providing the hone. inexplicably, some private company was getting paid, getting more government money just to hand out the government-guaranteed loans. they took on zero risk and provided zero added value and got paid a guaranteed amount for doing nothing useful. a license to print money. have you had student loans? i ve been swimming up to my neck for most of my adult life. how much service did you get from these student loan companies that were getting guaranteed taxpayer subsidies to provide loans that were guaranteed by the government anyway? really. student loan reform took that