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Detailed text transcripts for TV channel - CNN - 20161115:19:05:00
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you have said neither party has the guts to take on wall street. is the system rigged? there is a reality that i think we all need to recognize with respect to the power of the financial sector. let me go back a minute and say that on this tarp program, i introduced a piece of legislation calling for a windfall profits tax on the executives of any of these companies that got more than $5 million, that it was time for them once they got their compensation and their bonus to split the rest of the money they made with the nurses and the truck drivers and the soldiers who bailed them out. with respect to the financial sector, i know my time has run out but in speaking of changing positions and the position on how this debate has occurred is kind of frustrating because unless somebody mentions my name i can t get into the discussion. you agreed to the rules and you re wasting time. if you would, finish your answer. i m trying to set a mark here so maybe we can get into a
millionaire and billionaire friends caused this problem. how about your millionaire and billionaire friends paying for the bailout in not working families in this country. so to answer your question, no, but it was wrong to ask the middle class to bail out wall street, and by the way, i want wall street now to help kids in this country go to college public colleges and universities free with a wall street speculation pass. senator, i want to get you in. you said neither party has the guts to take on wall street. is the system rig? there s a reality we need to realize with respect to the power of the financial sector. on this tarp program, i introduced a piece of legislation calling for a win fall profits tax on the executives of any of these companies that got more than $5 million that it was time for them, once they got their compensation and their bonus, to
that on this tarp program, i introduced legislation calling for a windfall profits tax on the executives of any of these companies that got more than $5 million, that it was time for them once they got their compensation and their bonus to split the rest of the money they made with the nurses and the truck drivers and the soldiers who bailed them out. with respect to the financial sector, i know my time has run out but in speaking of changing positions and the position on how this debate has occurred is kind of frustrating because unless somebody mentions my name i can t get into the discussion. you agreed to the rules and you re wasting time. i m trying to set a mark here so maybe we can get into a little more later on. this hasn t been equal time. but if you want to look at what s happened, if you look at the facts in terms of how we re going to deal with this, since that crash, in the last ten years the amount of the world s capital economy that wall street
in. given the length of the election cycle now, it seems like the opposition party is running the minute the second inauguration takes place, that said, second terms have always been difficult. fdr had a difficult second term, after he was re-elected in a landslide in 1936. this is part of our political system, and the great presidents figure out ways to achieve goals, even in this very contentious part of the environment. do you think that could happen here? it could. with ronald reagan who we discussed, no one expected the breakthrough of the soviet union. with president clinton, no one expected him to end with the kind of popularity he did, or the deficit reduction deal he did. some would say president george w. bush had some of his biggest accomplishments from the tarp program to the iraqi surge, at the very end of his presidency where things seemed worse. it can happen, and we shouldn t count that out. mack, what is the best way to
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