feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem
Former GOP representative Joe Scarborough and Mika Brezinski interview newsmakers, politicians and pundits about the issues of the day.
job approval rating probably has seven or eight points, maybe even a little more of what i think of as 401(k) trumpers right now. i think there are people who are looking at their statements, people who are on the right side of the economic equation any way. they see their numbers going up for all sorts of reasons. and so they re willing to not really dive in to this russian novel story that no one can quite figure out. and they re willing to suspend their bizarrely in my view, but they are willing to suspend their ordinary moral judgments about how this president conducts himself and is now representing us on the world stage. but i would not, if i were in the white house, count on that lasting until 2020. we ll see. joe, your latest column in the washington post really speaks to this entitled trump finally
feels gravity s unforgiving poll and re
There are two left out of five. when they third bankruptcy, i cannot explain to you the shock and awe in the investment community. if lehman can go down, what does that mean about the health of the financial system? you are talking about investment banks, how have they been getting it wrong for so long. they say on wall street nothing happens until the lines of fear and greed cross, and there s no better example of the lines of fear and greed crossing been the lehman bankruptcy on september 15, 2008. the markets were fearful. our future at stake. this is a once in a half- century probably once in a century type of event. is it the worst you ve ever seen? by far. because you ve let lehman go
Many jobs his last 18 months as barack obama did his final 18 months? finally i do believe it, joe. do you really? because of the fact that i, on your advice, have become very familiar with the google machine and have been using it quite aggressively recently. i want to correct one thing you said about the steadiness of the economic growth. you want to not talk about the george w. bush part of it because that administration ended with the financial crisis that drove the country to a new depression. since october of 2010, steve, i think is correct is that is when the now 90 some months of consecutive job growth started. october 2010 with barack obama and we ve been on a steady path ever since then. what happened on september 15, 2008, was not good for the economy? i am saying that. we don t want to put bush in that same continuum. this is staggering. elise, if you talk to any trump
senator, that s most of the big banks now. too big to fail has gotten even bigger now. that s right, joe. that s a very important point. people don t know this. we bailed out the large banks because they were too big to fail. three out of the four largest are significantly larger than when we bailed them out. not only that, not only is there a danger of more risk in bailouts the danger is the concentration of power in a handful of banks is very frightening. you have the sixth largest banks with assets equivalent to 60% of the gdp of america issuing two-thirds of the credit cards and mortgages. if any of those banks went down tomorrow, we, the taxpayers, would once again be stuck bailing them out. absolutely. right? absolutely. how did that happen? we were supposed to fix this. yeah. we were supposed to fix this after september 15, 2008. i want to break the bad news to you. are you ready? yes. wall street is very powerful.