i want to point out tonight not one word about wall street speculators. president obama campaigned in 2008 on cracking down on wall street speculators. in his wall street reform law it does just that but republicans have blocked the funding for both the s.e.c. securities exchange commission and the cftc the commodity futures trading commission to enforce it. so as we reported last night, one of the cftc members, michael dunn, has been a skeptic on position limits which cap how much commodity trading wall street speculators can do, so the big question is now, how does the white house get this issue? do they get it well enough both to call out republicans for blocking the funding and to appoint a replacement for dunn who supports position limits that would reduce wall street manipulation of gas and food prices? it s a big deal. our week-long series on this
was a fiscally responsible down payment. but, more importantly, when we look at fannie mae and freddie mac, we have to look at the economics of this, we have dumped billions, tens and hundreds of billions of dollars into this and in fact the agency that regulates them came out yesterday and said by 2013 we will have dumped between $221 billion and $363 billion. they are not too baying ig to f they are too big to i-96 they say the republicans will repeal the land you trash the economy and what is the g.o.p. s plan and does it make sense? obviously, less regulation according to them is better. but, at this point, with americans out of work, massive foreclosures, massive unemployment, folks don t want to hear wall street is getting breaks. understandably. a lot of americans feel like the fat cats on wall street whose banks were bailed out, gave them all sorts of money and they got millions in
could become extinct in 12 years and now the world wildlife foundation is starting a global campaign trying to double this number of tigers, by the year 2022, that will coincide with the next chinese calendar year of the tiger and people of the wwf blame illegal hunting and deforestation for their demise. cute. little guys. they aren t cute when they get a little bigger! president obama saying the wall street reform law passed by the democratic congress is necessary to protect consumers but one g.o.p. senator is now calling it burdensome regulation and we ll separate facts from the rhetoric, straight ahead. stay with us. [ j. weissman ] it was 1975.
league saying the stadium was not full, and doesn t know why fans couldn t get in there properly. but, a tragedy at a soccer match in kenya. president obama today now warning voters that the g.o.p. is out to kill financial reform passed by congress earlier this year. listen. despite the terrible economic dislocation caused by the failures in our financial system under the old rules, top republicans in congress are now beating the drum to repeal all of these reforms and consumer protections. recently one of the republican leaders in the senate said that if republicans take charge of congress, repeal would be one of the first orders of business. and joins the top republican in the house who actually called for the law to be repealed, even before it passed. i think that would be a terrible mistake. the south dakota senator john thune, a republican is calling wall street reforms burdensome
hand to wall street saying we know that the rules create uncertainty and what we re going to do is write them as quickly as we can and look for any overlap or redundancies in the rule as well as you might know that geithner s going to be meeting at noon today with a bunch of wall street heavy hitters and real estate heavy hitters from the new york area so maybe after bashing business, geithner is trying to hold out a hand here. john harwood, what about this claim of uncertainty? i mean, certainly there have been huge policy changes enacted but we now have a health care reform law on the books. there s wall street reform law on the books so how much of this is just big business essentially saying we don t like these changes and kind of holding over the issue of employment over the white house s head saying, well, we can t hire because it s uncertain? a lot of it, savannah. some of this it s just cry baby stuff but it s also in the case of financial reform many wall