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which distance is it that this to them always nixon's uh... that congressman
for thursday to glorify artillery up
uh... the fourth district of organ and
uncertified zeroed out house dot gov you have been reading up on the floor of the
house are we got a bunch of course we're your speech uh...
early yesterday i guess it was a ton of the planned as we go to the program
today
with a small walton welcome back to our program pegged appreciate the
opportunity as always
if you would do well what did you share with our listeners so
in in the words your thoughts on
fox making fun of these people
it i was i wasn't fired and fired by proctor the news about
that the fed but i would have put some sparking a couple more in the government
that little warning group whoever whatever they acquire some transplant
uh...
they were ridiculing the protesters one about
uh... totally focused on what issue
not not lead from the top down the hall like *** armey has let uh... you know
departs the tea party with the coke money
and secondly
based at all
of what are they get time off from work to do this in the make that well hahaha
they don't have jobs and i thought that the backplate
the point at
young people
don't have and camp
job
because their future had been stolen from them
by that speculators been gamblers
on wall street and the wealth has been upstream to a precious few prineville
greedy and for this society i wonder dalvi businesses the nichols drop to the
penny dropped a letter to the old cliches for you when you when he said
that
i wonder how many americans average working american
use who are cynthia's fear of losing their jobs and health care problems you
know with insurance covers or whatever all over america watch fox and
think of it is a new sorors allemaal watching and fought in that moment here
are three millionaires
on television
laughing about the fact that people without a job
are karo protesting i'm guessing the number is really really small flocks
years who thought that even though that's what's was going on
interests
that they what you think of it what have you know what you think that the percent
now why you think
you know haha probably bamboozle does
boarded up
you know it it
repetition hit distortion i i described it as merited the political will to do
to i meet here you have uh... wall street
through unbelievably reckless gambling deregulation and that feel totally
bearer that deregulation started
bill clinton
and robert rubin
taken away class steagle and prohibiting he abruptly born from regulating
derivatives
and what the amplified
by the bush administration and times over in terms of total radical
deregulation lackadaisical enforcement wallace outlawed by appointing idiot
like
chris *** at the at the ul playing golf
while wall street was meltdown and you know then
any geiger over at the federal reserve aiding abetting out these activities and
then bailing them out
uh... you know when a i g went down a hundred sent from a dollar for their
reckless that
so you know it gets
darden uh...
clear that they had to change the narrative but now it is
it was too much regulation and it was big
government
they caught the problem of the republicans keep repeating it and
unfortunately you know it's a really complicated confusing in huge problem
people are scared and summer believe the mat states
assigned to me how much unite i did a lot of hate mail as you can imagine and
and how much of the actually has a singular focus these days around the
switches don't you guys get it bernie frank did this uh...
no you know was that jimmy carter and bill clinton's suggestion that the banks
ever force forcing the banks to loan money to poor people who could afford
about houses
i mean that's that's the name and
there's no
no tristan
parietal appeal was
you know when you think the f there was mortage florent because of deregulation
of uh... pale starting back with savings and loans where we though didn't have
prudential
uh... bill underwriting for a visa
many brokers here through the there were countrywide others ultimately did
but if you look at the total uh...
value of
part of the problem if he kindly
fraction
what happened because wall street said they were innocent and not that debt
to go around or make it up pile of money on this
we know what's going to go arrived in we're that and again that uh... make
money word sell it to our client
and with a rip it up to go out but they created virtual
that debt will be multiplied the problem by tend to a hundred times you have a
billion dollars at that depth that turn into a hundred billion dollars in bad at
that
it's it is the same so wat
uh... congressman peter defazio
our u_n_
your colleagues interested parties in the democratic party
foreplay i thought maybe that summer holdings on board i don't know but what
do y'all
proposing to do about this
well other
yes senator harkin anti-arab
revamping that the proposal of introduce previously uh...
or a uh...
a speculator tax on wall street
remember of on a daily basis uh... sometimes if i could seventy percent of
the volume is computer driven high-frequency trading it has mapping to
do with long-term investment contact from phenomenal percentage of the market
turned over within three days
though we're proposing a very very
transaction tax
uh... and the the swiss army insignia something to do
the swiss army frances told you this week
we wrote you know why i've met with but european product or a couple years ago
when we talked about uh... them moving ahead on this issue
uh... and uh... we're going to proposed ours next week out from of reading the
post guidebook we understand that actually the president is very impressed
with the idea just to get some brave by larry summer isn't quite there
uh... but we're hoping to uh... influences is direction to mister geiger
when mister geiger goes to carry wall street water and european oppose fairer
aversion to speculator transection packed
uh... here because uh... hymns
this is a europe doing it and we're doing it entertainment has already
thought of any much higher rates of we're proposing and i have a daughter of
the bakers cleaned of please just reply collapsed implied that they were all if
i a m still cut those the cut for the position or just one that uh... i don't
think they're all their blue fifty five to avoid the transaction backup
somewhere