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You enact? president moore no, king moore. what s your reading? well, king moore would mean that you and i have a special relationship. larry: what would you do? let s let that slide. okay. what i would do first of all, in order to prevent the next crash we have to take care of two big to fail. we have these banks are too big. they have to be broken up. so there is a bill that is being proposed by senator brown from ohio and ted kaufman from delaware. and it s called the safe banking act of 2010. this is the bill everybody watch shotgun get behind, call their member of congress to support the brown-kaufman safe banking act. what this will do, it will put a cap on the size of these financial institutions. and it will essentially allow for them to be broken up. so instead of these six large banks, you could have 20 or 30 or 40 different financial institutions. ....
But there is a penalty. larry: you had a contest to find the penalty. yes. it was secretly embedded in the bill. but because they didn t really want the american public to know. larry: what is the penalty? if a health insurance company is found denying somebody because of a preexisting condition, their penalty is $100. a day. so if they have somebody with cancer that needs $100,000 operation, they could just sit that cancer patient out for a full year if they live that long, and their fine would be $100 a day, $36,000. larry: you re sure of that? not only that larry: we re going to take a break, come back. and as i understand it, you are going to call the winner? that s correct. larry: we ll be right back with michael moore. don t go away. what did we make better ? ....
Losses. so in other words, if you lose, we the american people will bail you out. larry: is this going to change things, these hearings? i don t think that these hearings are, especially the dodd bill. i mean, mr. blankfein by the end of his testimony said that he thought generally the dodd bill was a good bill. well, that should kill the bill right there if he thinks that s if he think that s a good bill. larry: which reforms would michael moore implement on wall street? what would he do right now? we ll ask him when we come back. ....
The game. larry: is this going to change? and can i add to that. and we now guarantee your losses. so in other words, if you lose, we the american people will bail you out. larry: is this going to change things, these hearings? i don t think that these hearings are, especially the dodd bill. i mean, mr. blankfein by the end of his testimony said that he thought generally the dodd bill was a good bill. well, that should kill the bill right there if he thinks that s if he think that s a good bill. larry: which reforms would michael moore implement on wall street? what would he do right now? we ll ask him when we come back. ....
So tell them exactly after you. larry: did you did you find it. where did you finally find it? well, i am segregated from the television. so i didn t see your explanation. but what i found was that the $100 fine is not actually in the health care reform bill. in fact, what the health care reform bill does is to modify some existing code, u.s. code 42. and there is a very obscure amendment in the hcr bill. i read all those subparts. okay. so it just i had to go look first, i had to find code 42. and then i had to look in there to find where there were penalties like that. larry: and the penalty is $100 a day? that s correct. you can find it on page 1,170 of title 42. but that s where you have to go from one bill to a bill from 1944 back to an amendment. larry: now, mr. generous, what does paul win? what i offered was whoever ....