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one other things been implicated in the economic collapse the last few years was
back in 1999 when we are repealed glass steagle
you can find the details and bring you some Turks videos but now finally some
hope perhaps
Elizabeth Warren John McCain and another other by person %uh
senators are considering reinstating glass steagle so we had discussed that
we got quotes
first from Warren and became others were Elizabeth Warren said
I will take a lot of tools to get rid of too big to fail but one of them ought to
be that if you wanna do high-stakes gambling
good on you but if you do not get access to people's checking accounts and
savings savings accounts
and also John McCain once again finally on the right side an issue saying
since core provisions the glass-steagall Act was repealed in 1999 shattering the
wall dividing commercial banks investment banks
a culture of dangers greed and excessive risk-taking has taken root in the
banking world
important to know that John McCain did vote for the repeal of glass-steagall
back in 1999
but thankfully he's changed as in San plans what's amazing is that
is that that all that like it doesn't take into account what happened
Mike since you know the dangers that has gone since 1989
and then has continued to go on since the disaster that struck in 2017 doesn't
matter that we can fix
I so to big important notes here one
Elizabeth Warren doing so many important things here
and just keeps fighting of course very on my view this you win here uses ***
Durbin famously said the
frankly the brake banks run this place referring to capitol hill
but it's good to keep throwing in their face and this is how you win is you
you start right you start the fight and I in here
the the really the wing talking points but of course they will not win for a
long time is
I'll don't gamble with our money you wanna gamble with your money
have added costs but we split that you're gambling
from our deposits that's what glass steagle those that's what this law would
do
so that you get with your own money and now with our money yeah
and that's just if you cared about debating you cared about ideas
it's an idea that can't lose right on 4c they don't care about that it's just
everytime I should the idea that they're getting you may lose they actually tried
to give us a
you know with dodd-frank to Anna and incorporate certain pieces in a failed
then it's gonna be on out it's mostly a symbolic gesture but
agree that it's important to keep bringing up my wife we haven't forgotten
there is an important distinction needs to be made between investment banks in
just
average bank that on your money my money are you know your grandparents money
the keep my it may be a symbolic gesture but there are enough symbolic gestures
and if you keep making the gesture
eventually may stop being symbolic the fact is last year was passed
once not a at a time when the banks were still influential
so I it can happen and I think it's encouraging to you see the poll did you
guys talk about earlier the
Iowa poll no hillary clinton leads by 59 points but I'll
59 somebody to take hillary out
who leads was before I was before are you guys do we send it to you than we
did Elizabeth Warren might go Bama
hillary clinton against it on Hulu well at least she doesn't then go on to
Obama's
yeah had gathered
sad point right so fun final thing here gotta give credit damaging
he wore the wrong way in 1999 to have enough principle to come back and say I
was wrong
week we really gotta put glass steagle back that's that's
good political set for all school jonbenet and as always with John McCain
important to put his name
on it but this is yeah I'm still has way yeah if it makes you wonder I mean we
had
you know we had the recession and then we had a bomb in charge didn't have
glass steagle push for strongly their the reinstating other
what would happen if McCain had been present at that time I mean I think
would be a disaster overall the perhaps in this one area that would actually
action yeah I said that once before by campaign finance reform of course
mccain-feingold
weekend is going to actually cares about campaign finance think citizens united
is an outrage
on that issue alone I almost rethink my vote because I I thought we were to get
more change that we got almost no change anyway
I know mickey would have been disastrous ninety percent of issues
but the one issue that matters most and the bank so I put
at Madhuri the second-most because they could absolutely destroy our economy
yeah good idea and the segment with the jack 1 what's up with that Elizabeth
Warren Court up again
it will take a lot of tools to get ready too big to fail a day this it took a lot
of tools to get too big to fail
I up