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too big to fail. it s okay if the bank was trading its money and failed but it was trading your money. ali, let s get real. president trump throws this out there, and he s not the only one, gary cohn mentioned it before, too, but the likelihood we re going to see this happen, given the magnitude of things on president trump s plate, this ain t going to happen. given the mnuchin and gary cohn is his advisors and goldman has a seat at the table a wink to bernie sanders supporters. i m still with you. when the president says for sure something is going to happen, the wall will get built and the mexicans are going to pay for it it doesn t necessarily happen. when this came out you would think under normal circumstances when a president said something this big the bank stocks would have cratered yesterday and they didn t. nobody really believes it. nobody really cares. now that said, there s something to what he says. the banks are not only too big to fail but bigger than they ....
Parenthood. doesn t this seem odd. the reason i was tuned in to the budget i ve moved on. the budget is the one thing the president could actually tick off his list, got that done, you ve seen republicans on tv in the last 24 hours saying look at this beautiful bipartisan win. not not conservative his base. rush limbaugh was going after him on this. i would read that as a response to conservative talk radio and rush limbaugh in particular. it does play into what we were talking about before health care and that we re seeing signs of a blame the senate strategy. so maybe when we were saying why would he rush to get it through the house, how will that pass the senate, he s showing a blame the senate strategy here, maybe that s how the health care vote will play out too. . i have a headache already. thank goodness you re here. you get my $2. guess what else is happening today, mike s mom is watching. next president trump shakes up wall street, saying he s considering brea ....
Amazing. we re happy. it was a million we counselled all across the country. thank you so much. thank you. enjoy the tour. i want you to look at this. some other god news, markets just opened good news, markets opened and up 40 points almost this morning. six minutes into the trading ta. we saw the slight dip yesterday off financials when president trump implied he might look to break up the banks and you had a recovery and now things are chugging on. we re going to take break. next, any minute now, the ceo of united oscar munoz is slated to testify in front of congress after last month s violent removal of a passenger and we are hope you re not going to have to look at this again. look at this. two passengers on a flight from japan to the u.s., got into an all-out brawl captured on video. witnesses say the man in red was drunk and assaulted another passenger and a flight attendant before the fists started flying. ....
Trump s going to be the one to do it. isn t he mischaracterizing and guess what, we re going to repeal dodd/frank so banks will be lending again, first of all, banks haven t stopped lending and pulling back dodd/frank is not helping a small business person in ohio that can t get a loan, it s hooking up the banks who can get back to the business they want to be in? that s exactly right. banks haven t been lending largely because credit requirements went up and americans fell underneath the required amount of credit. what we ve seen over the last few years is businesses and individuals are getting up to where they were before the recession so you ll find that if you as an individual, i ll give you an example, an individual and you have a credit score of 7 720 points you ll get the best mort again at this point. that s what it is this isn t regulation it s the fact that we were in a pickle. is there any chance when you look at the president raising this idea maybe he will reinstat ....
Means. all right. so there used to be in the depression era something called glass steagall which made rules which said if you are a bank that takes people s deposits you can take it and lend it out to other people for a little more interest. that s how banks made money. the spread between what they lent out and took in. if you were a commercial or investment bank you financed the purchase of businesses and that s how you made your money. neither of the banks traded stocks to make money. what happened is this got whittled down over the years until 1999 when it got completely eliminated and everybody could do everything. so the danger was, once we got the recession around 2007, banks were doing all sorts of other things to make money. trading, doing risky things, with money that was deposited and when we got to the financial crisis, when the banks when we found out the banks were doing weird things the bottom line it was your money they were doing it with. they could go to the fdi ....