that was bart naylor financial policy advocate at public citizen. coming up. how can you get money for nothing and sounds too good to be true and good title of jim versus new film i'll talk with the director about the big banks and their inner workings with the federal reserve also next time we go to the mall with her shopping bag it brings up her this and i discuss how shopping malls may soon become amazon's the next big competitor with the same days a livery services that's all coming up stay tuned. we've got a quote for you. that's pretty tough. stay with substory. because this guy like you but we're about done started working for the people most missions the beach meet you work for each other right on station. on. the road well. i'm the president and a society. i think corporation kind of can consume can do i'm the banker i take all that all about money and i'm actually sick for a politician like the boss and rest because it's. just too much. of a side. up. sublunary they are legendary aren't going to let you get along here in a club that never had sex liv

that was bart naylor financial policy advocate at public citizen. coming up. how can you get money for nothing and sounds too good to be true and put a title of jim vs new film i'll talk with the director about the big banks and their inner workings of the federal reserve also next time we go to the mall with her shopping bag and a friend of hers is and i've got shopping malls may soon become amazon's the next big competitor with same day delivery services it's all come out and. i've got a quote for you. it's pretty tough. they wait substory. get this guy like me here that guys are working for the people most issues the mainstream media for each other right right so these are. the. i would rather as questions to keep building positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question for. the same story doesn't make it news no softball interviews no puff pieces i mean tom clancy. this month marks the one hundred year anniversary of president woodrow wilson signing of the federal res

to fruition this week five financial regulatory agencies approved the volcker rule i spoke with bart naylor financial policy advocate public citizen about what made crafting the rule so difficult for regulators and here's what he had to say. i would say in a nutshell because forty four billion dollars in revenue in the banking industry depends on it that is to say that's how much money the banking industry makes every year. doing these exotic short term trades. and they're not going to say because they're all philanthropists ok it's better social policy that we not do this they scrambled i think we counted that goldman sachs met with regulators over a certain eighteen month period two hundred and twenty two times two hundred twenty two times so and that's just goldman sachs in one of the biggest players on the proprietary trading that is what goldman sachs j.p. morgan is the other big one they actually completely change the tone of this debate by conveniently or in conveniently losing six billion dollars on a on a failed trade a couple of springs ago the so-called london whale. they are awe