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Careful. that s where the tea party movement came from, the bailout of wall street. taet party movement hates wall street as much as then why are they republican? because they feel like the government has been taken over by wall street. they re all in cahoots what jp morgan s jamie dimon has been doing and wall street as a whole has been trying to erode the dodd/frank bill, trying to provide even more license for what they were doing before. the so-called boca rule under the dodd/frank law is sort of glass steigle act, the old glass steigle from the 1930s, separate commercial investment banking, it was thrown out in 1989, and a lot of people felt it had to come back. the dodd/frank act is a great ....
it s the top of the hour. i m gary tuchman in for suzanne malveaux. let s get you up to speed. george zimmerman has a status hearing just a few minutes from now. he s not expected to appear in court for it. he also has a bond hearing set for next week. zimmerman is charged with second-degree murder in the shooting death of trayvon martin. zimmerman says it was self-defense. the affidavit says he quote profiled the teenager and disregarded a police dispatcher s order not to pursue him. thousands of syrians shouting against the government are testing the cease-fire that went into effect yesterday. so far day two is relatively calm. we are hearing though about small clashes and some civilian casualties. syrian forces and rebel fighters are for the most part keeping their promise to stop shooting at each other. north korea s long-range rocket launch was a big failure, but world leaders are worried about what could come next. the u.n. secretary-general believes north k ....
Who they are supporting with their dollars. president obama does get some money, $198,075 but donations to willard are $813 p 300, so clearly when you re looking at banks who were bailed out, by the way, that would give a possible nominee as insurgent much, much more than the incumbent, that makes a statement within itself. well, you know why? it s it s the dodd/frank law. all of them have pledged to repeal t.banks would love for that to happen, and look what happened, and then we have these banks sitting on top of trillions, trillions of dollars to the point that small businesses can t even get loans. talk to most small business people right now who want to either maintain the division that they have or start a new division or restaurant. ....
Crisis. he came under fire for his oversight of fannie and freddie and the passage of the dodd/frank law. and a memorable moment in a fiery exchange with bill o reilly. the earliest chance i got to put tough regulation on fannie and freddie, we did. it that s well. but you went out in july and said everything was great and off that, a lot of people bought stock and lost everything they had no yes! oh, yes! it wasn t an investment! don t give me that we heard the words. you didn t say that? you wantny play it again for you. you didn t listen to it. no! i listened to every word you said and i have the transcript right here. iaid it wasn t a good investment. and you said, going forward we are going to be swell. from august 07 to august 08. stop the b.s. here! stop the crap? [overlapping dialogue] here s new york the problem going on your show i. 90% 90% ....
How goldman sachs came to rule the world. just in the past ten years the change in the financial world has been quantum. swaps, all this. how out of step is our regulatory apparatus with the financial system that s trading or just closed up a half hour ago? dylan, it may be the fact that it has never been a fair fight. i mean, always based on the kind of talent you get at the s.e.c., what they can pay people versus what people on wall street get paid to evade the s.e.c. regulations it is possible it was never a fair fight but in the last ten years you re absolutely right. the innovation on wall street has gotten exponentially more complex and the regulators just aren t positioned well to handle that. i mean look at what s going on now in the wake of the dodd/frank law. 2200 pages. a year plus later still writing regulations. they re going to wall street to get their help to write the regulations. doesn t seem to me you put the fox in the hen house and then when as mr. flinn was ....