now the focus has been on emergency relief, there are thousands of families, businesses that have lost everything and so we re just focusing on that. to as much extent possible. but while there has been a lot of support helping families and business that has been impacted, is for us to focus on the economic recovery phase and to set the groundwork there, that s why we launched the business relief fund so when businesses pervert and assess the damage that has been done, that funds will be available to help them rebuild. pivot. available to help them rebuild. ivot. ~ . ~ ., available to help them rebuild. ivot. . ~ ., , pivot. what kind of response are ou pivot. what kind of response are you heping pivot. what kind of response are you hoping for pivot. what kind of response are you hoping for from - pivot. what kind of response are you hoping for from the - are you hoping for from the appeal, are you hoping businesses unaffected by the fires locally will don
Donations nationally, locally and internationally, every donation will help, on lahaina alone there are 3000 businesses and that is restaurants and retail alone. approximately 3500 jobs. when you think about the domino impact, many businesses indirectly are also being impacted economically. so we need to help these businesses who by the way are still recovering from the pandemic. many of them dug deep holes and are still paying back loans and other types of funding, and so that is why it is critical we raise as much monies as we can to help these businesses rebuild and be able to restore the job. the to restore the “0b. the devastation to restore the job. the devastation clearly - to restore the job. the devastation clearly centred on the island of maui, are other islands paying some kind of a price for the buyers as well? the state of highway is an island economy we are dependent on each other, and maui alone, the lahaina community west maui
Incentives with this broad governmental backstop that is being provided that could actually encourage the kind of bills. that is the central question. until the democrats can answer that, more effectively, they re not going to get many republicans on board. bret: juan, that is a point. there was a democrat push-back at the beginning that this was all talking points that too big to fail was just a talking point that republicans inserted. but you talk to people on the left, even from brookings, they say it may be institutionalized in the bill as written currently. no, the counterpoint is simply this: we have for the banks, fdic. federal deposit insurance. what this would do is allow for a structured reorganization of something that is failing. along the lines of too big to fail. so you don t have it, have a domino impact on the rest of the economy. they don t want a disorderly disaggregation of a major financial institution on wall street.
Would be taking too much risk? is that the right way of putting it? well, the bottom line is if this bill were in place, when lehman started to go under, the regulators would have moved in, broken it up and sold it off, and the money to do that would have come from the banks, not from taxpayers. that s what would have happened. and it was, in fact, the failure of lehman that began the domino impact that frankly brought our economy to its knees. so that s what we re trying to do here. and also, obviously, make sure that we get these ridiculous derivatives out into the sunshine, that we re sure that we deal with the conflicts of interest. think about this for a minute. everybody on wall street was creating these things to bet on. and many of them were pushing products out that they were betting against. now, that s just a ridiculously immoral situation that we have to bring to a close. and the other thing this bill does is it wakes the s.e.c. up out of their coma. they have been in a c
Incentives with this broad governmental backstop that is being provided that could actually encourage the kind of bills. that is the central question. until the democrats can answer that, more effectively, they re not going to get many republicans on board. bret: juan, that is a point. there was a democrat push-back at the beginning that this was all talking points that too big to fail was just a talking point that republicans inserted. but you talk to people on the left, even from brookings, they say it may be institutionalized in the bill as written currently. no, the counterpoint is simply this: we have for the banks, fdic. federal deposit insurance. what this would do is allow for a structured reorganization of something that is failing. along the lines of too big to fail. so you don t have it, have a domino impact on the rest of the economy. they don t want a disorderly disaggregation of a major financial institution on wall street. what interested me here is i