to separate these two but then that was all under clinton bill clinton you know got rid of glass steagall and the banks have gone back into this framework of using your deposits as their risk capital and whenever they make a bad loan they get bailed out by the state so we saw in the savings and loan crisis we saw this as some prime crisis is just banks gaming the system banking game and now martin wells he's an establishment player so it's interesting that he would make the suggestion that the swiss banking system should embrace this a non fractional reserve a wholly backed reserve bank i mean if you apply that to the banks in the u.k. lloyds has b.c. barclays and bank of yes yeah right they would all have to be technically declare insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the central

to separate these two but then that was all under clinton bill clinton you know got rid of glass steagall and the banks have gone back into this framework of using your deposits as their risk capital and whenever they make a bad loan they get bailed out by the state so we saw this in the savings and loan crisis we saw this as some private crisis is just banks gaming the system banking game and now martin wells he's an establishment player so it's interesting that he would make the suggestion that the swiss banking system should embrace this a non fractional reserve a wholly backed reserve bank i mean if you apply that to the banks in the u.k. lloyds has b.c. barclays bank of yes yeah right they would all have to be technically declare insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the cent

ins bear the full consequences of their failure to write well in america there is the glass steagall act that was came in after the crash of one nine hundred twenty nine and the resulting in the depression and the securities act of thirty three and thirty four were introduced in glass steagall introduced to separate banks. activity as guardians of people's wealth yes and their cause it's their deposits from their speculative behavior as some merchant banking and i don't know speculative behaviors so they had to separate these two but then that was all under clinton bill clinton you know got rid of glass steagall and the banks have gone back into this framework of using your deposits as their risk capital and whenever they make a bad loan they get bailed out by the state so we saw in the savings and loan crisis we saw this as some crime crisis is just banks gaming the system banking game and now manuel's he's an establishment player so it's interesting that he would make the suggestion that this was a banking system should embrace this anon fractional reserve a wholly backed reserve b

and glass-steagall, checking accounts, savings accounts, were safe from wall street risk taking. for more than 50 yrs, half a century, those rules stayed in place and they worked. the devastating economic crashes were gone. regulations brought us economic stability, and the financial services industry served the american people rather than the other way around. regulations to protect workers, regulations to protect financial marketplaces and make them fairer, the g.d.p. was climbing and america's middle class was getting a huge share of all that growth. we were on a roll, and in the 1970's, environmental issues ve front and center, and the safety of american families came under review again. you know, this may be hard to believe for some people in this room, but back in the 1950's and 1960's, big american cities were smothered with thick layers of nasty, diy smog. people sucked down toxic chemicals on the way to work. little kids breathed in dangerous substances on school playgrounds. factory owners spewed their filth in the air and didn't care because they didn't pay the cost of

boxes with pins already pulled out and between the hide risk trading and boring banking as glass-steagall was repealed. the resul resource should have surprised exactly no one. after another boom in 2008, the economy came crashing to thend f millions that lost their homes and their jobs and their savings and who lost their very lives they spent decades to build. and what was the administration's answer, more deregulation. to make it better and better for the richest and most powerful. in 2016, candidate had more promises to fight for the working people, promises to stand up to wall street and it's clear now those promises were just part of a scam that has paid off handsomely f wal street and for every corporation that can hire an army of lobbyists or d money at a trump hotels. pay off handsomely for every billionaire or corporate executives who has pocketed a part of the $1.5 trillion tax giveaway paid off big time. but for american families, the payoff still hasn't arrived. and the payoff since the trump administration rolls back the worker protection, the agenda take away overtime pay f

casey steagall has more. >> reporter: the department of health and human services confirming to fox a location to house immigrant children has in fact been selected. it's not military. more on that in a moment, but this is in. [ indiscernible ] point of entry there. look at the map very far east out near el paso in a newly announced spot that will accommodate up to 360 chirp in the next few days. it's 796 miles from brownsville, texas, out west. you see essentially there on the other end of texas' shared bored we're mexico. here is video give -- border with mexico. here's video given us to by hhs because media hasn't been let inside this former wal-mart store in brownsville turned child housing facility filled with about 1,400 boys. all the unaccompanied minors here are those who the feds say broke the law by crossing into the u.s. illegally, usually with a family member or a parent. that's where this controversial zero tolerance policy comes up we're hearing a lot about, separating kids from their parents because adults are now being sent straight into the justice system. u.s. attorn

. >> casey steagall at the border, thank you. president trump tweeting words of support for i.c.e. agents as he spends the weekend at his resort in new jersey. the president has no public events scheduled this weekend. so protesters decided to come to him, chanting and waving signs near the resort. ellison barber is in berkeley heights, new jersey with the latest. ellison? >> protesters were a couple miles down the road from trump national golf course. they were about 100 of them. they held signs and raised their voices to speak out against this administration's immigration policies. president trump tweeted about immigration this afternoon, writing, quote, when people come into our country illegally, we must immediately escort them back out without going through years of legal maneuvering. our laws are the dumbest anywhere in the world. republicans want strong borders and no crime. democrats want open borders and are weak on crime. democrats by in large are not calling for open borders but a handful say they want to abolish immigration customs and enforcement. the president says th

a separate these two but then that was all under clinton bill clinton you know got rid of glass steagall and the banks have gone back into this framework using your deposits as their risk capital and whenever they make a bad loan they get bailed out by the state so we saw this in the savings and loan crisis we saw this as some prime crisis is just banks gaming the system banking game and now martin wells he's an establishment player so it's interesting that he would make the suggestion that the swiss banking system should embrace this a non fractional reserve a wholly backed reserve bank i mean if you apply that to the banks in the u.k. lloyds has b.c. barclays bank of yes yeah right they would all have to be technically declare insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the central b