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
Arguments so it refers to a whole collection of host a major reason for the success of Bank Lobbying is the permissive myth that banks are special and different from all other industries of economy. Anyone who questions the claims are at risk of being declared 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
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 have a lot of companies and a lot of corporations. They fund what they do. The bank somehow are different. They are allowed to say things that you would wouldnt make any sense and other corporations. Somehow its inferred that thats okay. Host one of the arguments you make in your book is about equity and capital and first of all you define those for people. What are the arguments you make .
That are successful that work the way theyre intended . So its thinking a lot about failure and what could go wrong. We are seeing that with the plane that went down somewhere over malaysia. We dont know exactly where. There are so many things that couldve gone wrong with that plane and there is beginning be talk about why wasnt this anticipated or or why wasnt that anticipated. Thats good engineering of a plane is that you dont let it get lost. You have safeguards builtin and even if there are people involved that want to bring the plane down deliberately there should be features in the design of the plane that are bent that from happening. We are seeing some of that even though the plane went off course. There are ways of tracking it but not in the control of the pilot. Host that takes us to your most recent look subeleven understanding failure and when you say forgive design what you mean by that . Guest will one of the first things we often hear when there is an or a failure such a
Cosmosphere. Did not have a one bit of understanding of Space Exploration when i started here so early on Read Everything i could and today really enjoy early man Space Exploration. So for those of you who havent been to the cosmosphere. That mission was 60 years old yesterday. And so i had a big celebration but here today to talk about eisenhowers role in developing nasa. A lot of people dont really understand the role. The eisenhowers development of the creation of nasa. So i think its an incredibly important topic and the development of nasa something that obviously still resonates today as Space Exploration continues. To go forward but before nasa started the first entity that had oversight of aeronautics in this country was the naca the National Advisory council for aeronautics. It was developed in 1915 luminaries such as the Wright Brothers were part of that initial group, and it was developed to determine or look at how the United States could develop aeronautics coming out of w