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Incompetent to participate in the discussion. Guest yes, its true. Host how strong is the banking lobby lobby the states . Guest very strong. After the crisis of 2009 it was senator durbin who said frankly wall street owns the place. The politics is a little different. There is a good political problem and that is what i learn more and more as they became involved. Its not about making that argument. Its not necessary or sufficient to be successful in policy debates. Why . Well because there are narratives that people prefer to have and there seems to be some entrenched misunderstandings shockingly held by all kinds of people who you would think should know better. Its hard to sort out sometimes why people say what they say. Some people say to me they just dont understand these subtle things but i think thats really weird. Sometimes we are talking about part of the mystique. Somehow when you go into banking you suspend all judgment. Its all different so here in the rest of the economy

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