To make the most of that. There are many people who work on this topic who have helped move forward on the agenda but louise is one of the man deserves a lot of credit. We have been talking with philip auerswald, the coming prosperity, how entrepreneurs are transforming the global economy. His most recent book. Booktv of location at george mason university. Tell us what you think of our programming this weekend. You can freeze us at booktv, comment on our facebook call or send us an email, booktv, nonfiction books every weekend on cspan2. At the end of world war ii we had twelve million men under arms. We have 2,000 flag officers and generals. Today we have 1,000 flag officers and generals and 1. 2 million under arms. The ratio is totally out of whack. We almost have an admiral for every ship in the navy. Not a captain, and admiral. What we have done is go through and look at areas where we could not necessarily save all of the money but we could transfer responsibilities that are not
Former First Republic CEO Mike Roffler told regulators earlier this year that the bank could fail according to its resolution plan, but the institution still needed extra help to stay afloat long enough to organize a sale without further harming the financial system.
thanks for the invitation for the show. i don t think we have a system where risk is allocated in a proper method. the big banks and the other banks are in two different universes. the big banks have the support of the government, whether they are the commercial banks or fannie mae and freddie mac. or otherwise in the small banks from 234 n a different universe they have to pay for failure. the big banks get bailed out. vern, i saw you have been raising the call about fannie mae and freddie mac years before those two organizations were major players in the housing bubble bursting and then the whole thing almost going down. then dodd-frank, the supposed solution to all of this totally i gue ignored fannie mae and freddie mac. what s your prescription to rectify that situation? i would certainly start to wind down fannie mae and freddie mac.
financial institutions. especially the fdic and the fed, which i fought the hardest with. i could not more wholeheartedly support in what you re attempting to do. we re looking for many others to push this. the point of dodd-frank and putting the federal reserve in control as a mystery tour master as a way to run the banking system without a vote again, which the point of dodd-frank, not dealing with the too big to fail issue is a stunning evidence of the failure. wonderful journalism on your part. keep beating the drum and beat it loud and hard. vern mckinley, a century of bailouts. thanks to the mega panel. we cover the ba chapter two of greedy bastards.