to their little democrat friends in washington and say please bail out my partner. that is what bill clinton did over and over again. juan: hang on. that s the real issue. juan: what was the name of that treasury secretary under president bush? i think it was henri paul son and wasn t he the head of goldman sachs? i think you have a no that argument. you have one guy on us. juan: tim geithner. he was tied into ganchts yeah. and is he a democrat. i m just saying it looks like both sides are getting the bread buttered here to me. no more democrats. we believe in personal responsibility. juan: beer stearns, lehman when they went under. that was great. juan: great? it started a recession. most americans don t think recession is great. all you need to do is force bankers to actually take responsibility when their bets go bad and stop back stopping them. we don t get back stopped. juan: i agree. if we go bankrupt, that s the issue. and democrats are trying to
to their little democrat friends in washington and say please bail out my partner. that is what bill clinton did over and over again. juan: hang on. that s the real issue. juan: what was the name of that treasury secretary under president bush? i think it was henri paul son and wasn t he the head of goldman sachs? i think you have a no that argument. you have one guy on us. juan: tim geithner. he was tied into ganchts yeah. and is he a democrat. i m just saying it looks like both sides are getting the bread buttered here to me. no more democrats. we believe in personal responsibility. juan: beer stearns, lehman when they went under. that was great. juan: great? it started a recession. most americans don t think recession is great. all you need to do is force bankers to actually take responsibility when their bets go bad and stop back stopping them. we don t get back stopped. juan: i agree. if we go bankrupt, that s the issue. and democrats are trying to distra
what do you think about the senate effort to transform financial in this country. what do you think the idea of having more consumer protections so people don t have to be subjected to the likes of torre who says is proudly ripping off widows and orphans. it s a distraction. the financial reform bill written by cash and carry chris dodd is not going to stick it to wall street it was probably written by goldman sachs. it has a permanent bailout fund written into it. juan: the republicans say they expect the democrats to take that 50 billion out. it s not going to be a bailout. let s put that aside. what do you think of the rest of the bill? well, the rest of the bill looks like it was written by hugo chavez. [ laughter ] it s 1200 pages long, i will admit that like every member of congress i haven t read the entire bill but i know that the democrats are in the pocket of wall street. chris dodd certainly is barney frank certainly is so i know this bill is not going to do anything
star. no. though i like listening to air-headed celebrities is almost identical to listening to news broadcasters on every station except fox, excuse me. no, everyone is blatantly lying about what this law does. specifically racial profiling is prohibited by the law. cops, by the way, cannot initiate contact with anyone under the law home whom they could not initiate before. it s when they are in the process of stopping someone or arresting someone if there is a suspicion that the person is here illlily not based on race or suspicion of the person s national origin. other reasons, if a cop stops a van pull full of cars and people get out and run in 20 different directions that would cause reasonable suspicion. it s not like arizona is inventing this legal principle. there are decades of law interpreting reasonable suspicion. juan: today, for example, you have people in the state legislature who help draft the bill say you know what? we are making changes. they call it modificatio
anything to hold the banksers to personal responsibility. that s how you fix the system. you don t have more government regulation by the same people who were surfing porn as charles what s his name megalopolis was sending letter it after letter to the sec worrying about bernie madoff. the government can t catch that. juan: one thing, ann cowrlts, should i be protected if i m investing with goldman and goldman is betting against me making money? i will say most of the investors on the other side were sophisticated investors and it wasn t you and me. but the way you and i should be protected is by, if a bank makes a bad bet and they go under, they should go to zero. juan: i agree with that. not just a parking ticket. we should get their yachts and champagne collection and mansions. that s not what happened. juan: these guys make money even when they are losing money. thank you, democratic party. juan: ann, thank you for coming. in up next, will the obama administration use