reported during the chronicle yesterday , we failed in a lawsuit brought against us by the federal credit union in regards to taxi medallions and i just want to beclear with all of you and the public . this case was never about operators. it was always about back bailouts, plain and simple. none of the money would have ever gone to taximedallions holders . we are pleased that the they saw through the disinformation put out by the other side . the city and credit union after contract and the jury agreed the city had broken the contract. the taxpayer should not be forced to bail out the banks. for years the credit union process that medallion loans generate and didn't share the profits with taxpayers and now under newmanagement the credit union was seeking to have taxpayers foot the bill for it investment choice .in the credit union had succeeded not a penny of that money would have gone . now with this case over we are looking forward to putting the case behind us to focus and return to meaningful improvement and that marketplace. preparing the tax statements to successfully compete against auto

reported during the chronicle yesterday , we failed in a lawsuit brought against us by the federal credit union in regards to taxi medallions and i just want to beclear with all of you and the public . this case was never about operators. it was always about back bailouts, plain and simple. none of the money would have ever gone to taximedallions holders . we are pleased that the they saw through the disinformation put out by the other side . the city and credit union after contract and the jury agreed the city had broken the contract. the taxpayer should not be forced to bail out the banks. for years the credit union process that medallion loans generate and didn't share the profits with taxpayers and now under newmanagement the credit union was seeking to have taxpayers foot the bill for it investment choice .in the credit union had succeeded not a penny of that money would have gone . now with this case over we are looking forward to putting the case behind us to focus and return to meaningful improvement and that marketplace. preparing the tax statements to successfully compete against auto

want to double the size of the irs and force banks, credit unions and other financial institutions that provide details of individual spending to the federal government. under the administrations proposal once your withdrawal for deposits for the year is a certain amount and that amount by the way if the president has his way is $600,000 bank or credit union would be forced to report the details of correct to bitty to the federal government. so the federal government could end up with a record of every time you eat dinner out or pay your rent or buy a new jacket or a toaster oven. the invasion of privacy being talked about here is absolutely staggering. we are to have a much mechanism in place that would allow the irs to -- that might indicate potential criminal activity. we do not need the federal government monitoring every purchase that law-abiding americans make or how many times americans buy a cup of coffee. not to mention the incredible demand this reporting requirement would place on committee banks and credit unions. banks and credit unions around the country are worried about how we would manage these requirements and mr. preside

bankers association, the independent community bankers of america, national association of federally insured credit unionsheritage action of america, the league southeastern credit unions and the alabama bankers association. these organizations and their members know that if president biden's proposal goes through, banking, as we know it, will end. mr. president, at this time i'd like to yield the floor to my distinguished colleague from florida, mr. scott. mr. scott: mr. president. the presiding officer: the senator from florida. mr. scott: i would like to thank senator tuberville for leading this important effort. this is as close to policy from communist china that we've seen in the united states. in regimes like communist china, we know the government has access to every part of a person's life. let me explain what the biden administration and democrats in washington are proposing. democrats want to open your bank account to federal agents. under joe biden's america, the federal government's authority would be vastly expanded so the i.r.s. can get a look at any account over $600. the madness doesn't s

double the size of the irs and force the banks, the credit unions and other financial institution to provide details of individual spending to the federal government. under the administration's proposal, once you withdraw or deposit for the years, a certain amount and that amount by the way, if the president has his way, is $600 predict your bank or credit union would be forced to report the details of your activities to the federal government. so federaler government could ed up with a record of every time you eat dinner out or pay your rent or buy a new jacket or toaster oven. the invasion of privacybe being talked about here is absolutely staggering. we already have a mechanism in place to allow the irs to do large transactions that might indicate criminal activity and we do not need the federal government monitoring every purchase that law american and dividing americans from the app store many times americans buy a cup of coffee. not to mention, the incredible demands of the reporting requirements were placed on community banks and credit unions. it banks and credit unions around the country are worried about how they would manage

assistance was available, over 25% of those funds i received went directly to the san francisco federal credit union for my medallion that was completely unused during that time. another 25% went to my medical premiums, which i need to keep going during a pandemic, of course. and anyone could see that. and i went into substantial debt in order to pay the rest of my bills and rent. of the these drivers that i had working with me in march of 2020, they all three quit in the first week. one has decided to retire, another has joined the u.s. postal service and committed to his family to give it a year and the third is now crossing -- a crossing guard in fairfax, making better money than he would driving a cab. what will you do with the 1.6 or $1.8 billion bailout for those at the m.t.a. duped into buying medallion with no backbone to protect us? where is the innovation in that? does anyone there care about those of us who filled the coffers of n.a. with over $75 million on the medallion sales program? please consider a bond to alleviate the failed paid medallion program. the airport program that allows

union. pay scales, capital and credit should be dictated by the federal government.pite the objection of treasury secretary janet yell en. watch how it goes. background for that nominee, dana. >> dana: the other day when i read that i think it was on wednesday night in the "wall street journal" editorial page posted early read that and i said how did everybody miss this? this is a big nominee and i think that it might go the same way as david chipman who they pulled and others. it doesn't seem they have a good strategy for getting nominees concerned but gives them a terrible impression. i have to say i think this deserves a lot more attention and glad we brought it up. >> bill: she got her finance degree in the soviet union in moscow on a lenin scholarship and tweeted about the virtues of a communist system. special counsel john durham making more news now. he issued a fresh round of subpoenas in the investigations into the origins of the russia probe. it targets the law firm with close ties to hillary clinton's campaign of 2016. mark meredith back on that story live

federal reserve government to take over the banks, deposits loans and credit. >> you've done interviews before, how did the interview go you don't love banksy love the soviet unionthink it would be perfect for the number one capitalist country of the world. larry: she had to come in and sit presumably she met with the president and the oval this is a big appointment. i can see looking at the resume moscow state university the prestigious linen scholarship. >> they've a great field hockey team, men play overseas i don't know why they don't let men play here. larry: this is the biden problem. >> i don't know what to say i thought i was reading something from the onion but if this woman gets through, anyone named saule omarova should take years off at the white house, the first one didn't do so well. larry: that was a republican amoroso. >> was very good on the apprentice and ruthless. >> moscow state. [laughter] we can't wait for her reunion. larry: i haven't had a chance to promo everything is going to do, first of all on the show brian kelli of florida, mike mulvaney, marc short. >> coming up on 7:00 o'clock on prime time. charleston west virginia and the novemb

federal reserve allocate credit. this is a radical with stalinist views and she praised her home country, the soviet union of gender payt biden is trying to promote. stuart: she has been nominated to this decision but hasn't been confirmed. >> that is and many senators are raising skepticism and concern about her radical views. even the wall street journal has reports that janet yellen herself has concerns about this radical ideologue who was a friend to everything we know about capitalism. stuart: that is news if janet yellen is hostile she must be way out on the left. tw shannon, you are all right, see you again soon. >> always a pleasure. stuart: that is a rally anyway you slice it, dow is up 470, nasdaq up 222. look at the banks, they are doing well especially goldman sachs. there is. it is up 3.4%. 386 is the price. that adds 80 points to the dow industrials which are up 466. the irs wants better look at your personal finances. come back in, ashley. check your bank account. you could want that? ashley: as if tax filing wasn't invasive and of the irs indeed wants to review every checking amount above a $600 balance

and force banks, credit unions, and other financial institutions to provide details of individual spending to the federalernment. under the administration's proposal, once your withdrawals or deposits for the year exceed a certain amount -- and that amount, by the way, if the president has his way, is $600 -- your bank or credit union would be forced to report the details of your activity to the federal government. so the federal government could end up with a record of every time you eat dinner out or pay your rent or buy a new jacket or a toaster oven, the invasion of privacy being talked about here is absolutely staggering. we already have a mechanism in place to allow the i.r.s. to view large transactions that might indicate potential criminal activity. we do not need the federal government monitoring every purchase that law abiding americans make from the app store or how many times americans buy a cup of coffee, not to mention the incredible demands this reporting requirements would place on community banks and credit unions. banks and credit unions around the country are worried about how they wou