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Clintons succeeded in getting that law passed, broad as it was, was that he managed to put himself on the site of law enforcement, against the extremism of the gun laws. he managed to get cops around him as a symbol of a safe society, order, all these themes that the right and conservatives had appropriated for so long. now these gun rights guys are the symbol of disorder. they are attacking cops. they are going up to the capitol and getting in the face of the state police, that is disorder. and that ought to be a theme that s emphasized. sandy hook was this kind of breaking point, the president made a speech, there was a push at the national level, which we haven t seen in years and then it failed. just as if you tried to roll the rock down the hill, it crushed him, okay, we go back to our other issues. the legislators that we had the day after sandy hook, were ....
The symbol of disorder. they are attacking cops. they are going up to the capitol and getting in the face of the state police, that is disorder. and that ought to be a theme s emphasized. sandy hook was this kind of breaking point, the president made a speech, there was a push at the national level, which we haven t seen in years and then it failed. just as if you tried to roll the rock down the hill, it crushed him, okay, we go back to our other issues. the legislators that we had the day after sandy hook, were the same legislators we had the day before. and while we wish this tragedy would have changed their heartses and minds, it clearly didn t. so we re going to have to wait until the midterms and the elections and beyond to get the right congressmen placed to do the right thing. but in the meantime, this is about grass roots, this is about going after municipalities and states and making sure they do the right thing. we have had huge wins in ....
The symbol of disorder. they are attacking cops. they are going up to the capitol and getting in the face of the state police, that is disorder. and that ought to be a theme that s emphasized. sandy hook was this kind of breaking point, the president made a speech, there was a push at the national level, which we haven t seen in years and then it failed. just as if you tried to roll the rock down the hill, it crushed him, okay, we go back to our other issues. the legislators that we had the day after sandy hook, were the same legislators we had the day before. and while we wish this tragedy would have changed their hearts and minds, it clearly didn t. so we re going to have to wait until the midterms and the elections and beyond to get the right congressmen placed to do the right thing. but in the meantime, this is about grassroots, this is about going after municipalities and ....
david: morgan, you looked in to all of this and you focused on housing for several years. who do you blame? it s true. blame game goes from everybody to the rating agency. i did as emac mentioned it started with the politicians. i will give you a great example. we thought it started with president clinton and it rolled to president bush. give you an example. statement on hud s website, they took it down in 2007, i believe. they say that not enough americans have cash for down payments and even more don t have sufficient, quote/unquote, income. david: who needs cash? , right? sufficient income for a house at the current mortgage rates. here is what the hud statement said in response to that? financing strategies fueled by creativity and resources of private and public sectors should address both of the financial barriers to the homeownership. they digged the rock down the hill. i turned in to a snowball. david: mike, what is worse than as bad as all of this is, what is worse ....
Sources on trading desks telling us it was a bad trade for procter and gamble. how does one trade that badly and trigger the markets is unclear. it s possible for somebody to misrepresent the trading value of a single transaction. however, all that does that doesn t account for the 1,000 point move. what that does we talked about the rock going done the hill. what that does is kick the rock down the hill. but the acceleration we saw was those legitimate program trades, the same trades that say we re covering our short positions now that brought us back from 1,000 point down to 300 down from the index, the 30 industrials, 30 stocks and proctor and proctor & ....