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yes. it was right after when the day that president obama signed the dodd/frank bill, which was the wall street reform bill that really did we thought lock in for good some of the stronger rules and regulations to keep the large banks from bringing on more risk and making more money and ultimately until they didn t, until the banks imploded like wall street, number one, the financial lobbyists in washington that day said well, now it s halftime. norksds we may have lost the first half, but we re going to work for the next eight years. and they ve worked to weaken the rules at the agencies. but never have they come with a frontal assault like they have in congress that clearly will mean easier treatment, weaker rules on the biggest banks. and it s when you re deregulating deutsche bank, president trump s bank, when you re deregulating the swiss bank that has been playing illegal with the iranians or ....
the lobbyists know there is buy-in which allows them to do that. of course, of course. and there are more wall street lobbyists than there have ever been. and they re getting their way. they re earning their money. more power to them. but we ve just seen there is no question from the cbo score to what these former regulators like paul volcker and tom hoenig, some of the republicans, volcker and others have said this is going to put more risk. that s why i ask people to come to sherrod brown.com and sign a petition saying no bailouts. don t do this bailout. because this is going to make it more likely that the banks will have to be build a out some time. all right, senator sherrod brown, thanks for joining me. thanks, chris. glad to. still ahead, a pretty incredible story from the new york times. a belo russian escort says she has hours of recordings that could expose russia s interference in the elections. and a big anniversary for president trump this weekend. ....
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? ....
Deal wouldn t actually become law. well, it turns out they were right to be concerned. over the weekend, republicans in the state senate instead passed a bill giving teachers only a 4% raise, arguing it was unfair for teachers to get a 5% raise while other state workers only got 3%. the conference committee trying to work out a compromise remains deadlocked tonight while rich carmichael argues teachers should be happy with what lawmakers gave them. we re providing over $2,000 to teachers, the largest pay raise in 28 years. that s all the money we have. it s an amazing pay raise. it locks in our insurance premiums and rates and will the teachers stay out on strike because they only got 80% of their demands? yes, they are. well, i think that s sends a bad message to society and to our frankly our students that there is compromise. mature adults compromise. and that s what we do in this legislative process. and frankly, 80% of your demand is a very good outcome. now two things to ....
But they remained on strike, the teachers did, through the end of last week out of concern the deal wouldn t actually become law. well, it turns out they were right to be concerned. over the weekend, republicans in the state senate instead passed a bill giving teachers only a 4% raise, arguing it was unfair for teachers to get a 5% raise while other state workers only got 3%. the conference committee trying to work out a compromise remains deadlocked tonight while rich carmichael argues teachers should be happy with what lawmakers gave them. we re providing over $2,000 to teachers, the largest pay raise in 28 years. that s all the money we have. it s an amazing pay raise. it locks in our insurance premiums and rates and will the teachers stay out on strike because they only got 80% of their demands? yes, they are. well, i think that s sends a bad message to society and to our frankly our students that there is compromise. mature adults compromise. and that s what we do in this ....