was repossessed dozens of servicemen s and women s cars when they were overseas serving our country, something is wrong with that. and that s why this opposition to this is so important. okay. i don t understand how this is happening. the legislative agenda of this president seems a little stalled. it s unclear what he actually wants to do. democrats have held the line on huge priorities. you ve got democratic co-sponsors on this bill. and a lot of people are democrats in states trump won that are up in 2018. what are the politics of this? and why is this happening? well, you ll have to ask them. i think it s a little bit like a
legislative process. and frankly, 80% of your demand is a very good outcome. now two things to note about that. the first is this. in the beginning, the message the teachers got is there was no money for any kind of pay raise. and they went on strike and now they re looking at a big pay raise, at least 4%, 5%. so maybe the original line about how there was no money for the pay raise wasn t quite true. and if you re advising the teachers now, it would be hard not to tell them not to stay on strike until there is a bill signed into law because west virginiian politicians have given the teachers absolutely no reason to trust them. with advil liqui-gels, what bad shoulder? what headache? advil is relief that s fast strength that lasts you ll ask. what pain? with advil liqui-gels when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn t have that. you can leave worry behind when
found of financial regulation painted with too broad a brush and it was onerous for the plucky small banks that everyone loves. and this is a common sense step to fix that. what do you say to that? well, it started that way. i actually was working with senator crapo, the chairman of the committee to help the community banks with some rules that probably didn t need to be in place that dodd/frank could have tailored the rules perhaps a little better for the banks that were smaller. and we looked at some of the midsized banks like hunting and fifth third and key banks in my state that really didn t contribute to the financial crisis. if he we had done it right and stuck to those. but this is a little like the tax bill. the republicans say it was middle class tax cut. well, that s what they say 2 bill was. but it was all about helping the richlest 1%. this bill has some things for community banks and regional banks, but it also deregulates foreign banks, the banks like deutsche bank and
the international community. and it deregulates them in the united states. it weakens the stress test for those larger banks, makes them less frequent and dilutes them. and we re ultimately relying on trump regulators to enforce some of these things. that s why paul volcker, and sheila baer and others who used to do regulation and understand how important it is think this bill is pretty alarming, that this bill will make it more likely as a congressional budget office says, more likely to cause a bailout in the future. and that s exactly the wrong thing to do. i want to go back to something you just said which is interesting you. said there was a kind of legislative evolution in which you thought this started in a place where there was some needed reforms to sort of help community banks. and what happened was what? the bank lobbyists got ahold of it? the republican leadership got ahold of it and turned it into something you don t like and can t support?
the argument in favor of the bill is which is that the last found of financial regulation painted with too broad a brush and it was onerous for the plucky small banks that everyone loves. and this is a common sense step to fix that. what do you say to that? well, it started that way. i actually was working with senator crapo, the chairman of the committee to help the community banks with some rules that probably didn t need to be in place that dodd/frank could have tailored the rules perhaps a little better for the banks that were smaller. and we looked at some of the midsized banks like hunting and fifth third and key banks in my state that really didn t contribute to the financial crisis. if he we had done it right and stuck to those. but this is a little like the tax bill. the republicans say it was middle class tax cut. well, that s what they say 2 bill was. but it was all about helping the richlest 1%. this bill has some things for community banks and regional banks, but it also