Interference in trumps choice for secretary of state. And why a russian coach currently in jail on thailand could crack the russia investigation wide open. All in starts right now. Good evening from new york. Im chris hayes. A former trump aide who recently spent hours being interviewed by Robert Muellers team thinks the special counsel has something on the president of the United States. Sam nunberg is a name you probably heard a fair amount today if you were checking the internet at all, and he is a political consultant who was fired from the Trump Campaign in its early days way back in 2015. A couple of days ago he was questioned by muellers investigators for over five hours. Today in a live phone interview on this number, he told my colleague katy tur that he concluded based on those questions that mueller has the goods on his former boss, president donald j. Trump. You sat there in that room being questioned by muellers investigators. I want to hear directly from you. Do you think
for you, and i can t imagine that it wouldn t be and it was far, far more worse than this because that was a crisis where you didn t know how to value anything. at least people know what s happening right now. on my podcast on sunday i had sheila baer the former chairman of the fdic who had to go through 400-some-odd failures of banks. so if you talk to her she really knows if you re backed by fdic or mcua for credit union, you will be fine. stop panicking. what about the market? you know, you ve got stocks and the dow down more than 700 points at one point and ended down 300 and that, suze, to me was reminiscent of the days i sat in the stock exchange and it would be down 700 and just the volatility and fear, we re seeing it again.
and it deregulates them in the united states. it weakens the stress test for those larger banks, makes them less frequent and dilutes them. and we re ultimately relying on trump regulators to enforce some of these things. that s why paul volcker, and sheila baer and others who used to do regulation and understand how important it is think this bill is pretty alarming, that this bill will make it more likely as a congressional budget office says, more likely to cause a bailout in the future. and that s exactly the wrong thing to do. i want to go back to something you just said which is interesting you. said there was a kind of legislative evolution in which you thought this started in a place where there was some needed reforms to sort of help community banks. and what happened was what? the bank lobbyists got ahold of it? the republican leadership got ahold of it and turned it into something you don t like and can t support?
the international community. and it deregulates them in the united states. it weakens the stress test for those larger banks, makes them less frequent and dilutes them. and we re ultimately relying on trump regulators to enforce some of these things. that s why paul volcker, and sheila baer and others who used to do regulation and understand how important it is think this bill is pretty alarming, that this bill will make it more likely as a congressional budget office says, more likely to cause a bailout in the future. and that s exactly the wrong thing to do. i want to go back to something you just said which is interesting you. said there was a kind of legislative evolution in which you thought this started in a place where there was some needed reforms to sort of help community banks. and what happened was what? the bank lobbyists got ahold of it? the republican leadership got ahold of it and turned it into something you don t like and can t support?
i want to bring in former chair of the fdic sheila baer, also an adviser at bloom, a think tank that helps manage 401k investments. sheila, let s walk through this. critics say putting mick mulvaney in charge of the copd is part of the effort of the trump administration to destroy the the bureau. guess what, that s no surprise. president trump wants to get rid of the bureau. well, you know, the bureau was created by congress in the dodd/frank act. it s legally constituted. it has an authorizing statute which has pretty explicit language about the deputy director shall serve as the acting direct when the senate confirmed director is unavailable which he clearly is since he s resigned. so i actually think the legal arguments are more on the side of the cpb on this but that s going to be up on the district court in d.c. to decide, not me. certainly i do think this is what the drafters of dodd/frank intended. barney frank said i was also