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and it starts with copper, the mineral copper. there s copper in brass. there s copper in bronze. the statue of liberty is sheathed in a layer of copper. that s about the thickness of two pennies. pennies themselves used to be copper, but now they re just copper-covered zinc, which sort of seems sad. it makes financial sense, because copper over time became too valuable to use in something as cheap as a penny, because most of what we use copper for now is conducting electricity. we use copper for wiring. there is a massive global appetite for copper. and the world s largest producer of copper is an american company. it s a company that used to be based in new orleans but now the mining company freeport is based in phoenix, arizona. and the freeport mining company of phoenix, arizona, they do still mine copper in arizona and they mine copper in new mexico and in colorado. but they are a gigantic firm. and they re a global operation. in south america, they mine copper in chile, ....
Tomorrow are going to begin the process of trying to change obamacare, revamp the tax code, undo the dodd/frank financial reforms of the last few weeks, and a host of other things. but they haven t come to unanimous agreement on how exactly that should be done. you ll see plenty of disagreements over the course of this, between hard core conservatives who want to do it one way, mainstream conservatives who want to do it another, and those that realize that if they do too much of this, they could suffer some setbacks in two years in the 2018 elections. we ve seen democrats successfully run in the past against republicans by saying they want to undo your medicaid, your medicare, now they want to undo your obamacare, now they want to give it back to the big banks and let them do whatever they want. those campaign messages can work in some situations. yet they say, and it s true, they have a mandate because they have total control of congress and they have the right to at least begin this ....
Conference. i mean, this vote tonight didn t involve any democrats. this vote was republicans only. and they lost it by a lot. if their leadership was telling them to vote no, the yes vote was 119-74. that suggests some deep clefts in the republican caucus, even before they get fully under way. well, anyone who has been watching this television show known as congress for the last eight years knows that clefts have existed, frankly. this is just an example of the kinds of divisions we ll see over the next few months. yes, republicans starting tomorrow are going to begin the process of trying to change obamacare, revamp the tax code, undo the dodd/frank financial reforms of the last few weeks, and a host of other things. but they haven t come to unanimous agreement on how exactly that should be done. you ll see plenty of disagreements over the course of this, between hard core conservatives who want to do it one way, mainstream conservatives who want to do it another, and those that re ....
Kinds of divisions we ll see over the next few months. yes, republicans starting tomorrow are going to begin the process of trying to change obamacare, revamp the tax code, undo the dodd/frank financial reforms of the last few weeks, and a host of other things. but they haven t come to unanimous agreement on how exactly that should be done. you ll see plenty of disagreements over the course of this, between hard core conservatives who want to do it one way, mainstream conservatives who want to do it another, and those that realize that if they do too much of this, they could suffer some setbacks in two years in the 2018 elections. we ve seen democrats successfully run in the past against republicans by saying they want to undo your medicaid, your medicare, now they want to undo your obamacare, now they want to give it back to the big banks and let them do whatever they want. those campaign messages can work in some situations. yet they say, and it s true, they have a mandate because th ....
The optimism of the left. the assert but not necessarily a cure all. so explain. well, the cfpb is, you know, it came out of the dodd/frank financial reforms and what a lot of people wanted out of those reforms was, you know, breaking up the big banks. a real fundamental restructuring of the financial system. that s not what we came out with. the cfpb is one of the most important parts of what we did get but it s a financial regulator that goes toe to toe with the heavily engineered financial system we have and tries to sort of go toe to toe with them in data, in understanding financial consumer behavior. it s a really consolidated regulator going against a really consolidated, sophisticated financial system. one of the problems you address in your brief history of ....