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Feb 11, 2017
02/17
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host: who was leo frank? steve: leo frank was the exact opposite of mary phagan. he was a quiet, a well-educated mechanical engineer, graduated from cornell university. he went to germany to study pencil making it ever hurt favor, the -- everhart faber, he was a scientist. he was interested in modern management techniques and when the national capital -- pencil family was capitalized, they hired him to run the factory. it was a huge factory, turned out hundreds of thousands of pencils a week. the company was later renamed script oh, but he was a quiet, rational, chess playing strauss loving, cerebral introvert. and a stranger in the south. when he married into one of the best jewish families in atlanta. to give you an idea of the sea legs -- seligs, one helped put together all the property in downtown atlanta. this is an advantageous marriage that leo frank made. host: another person became centerpiece in this case. and that was jim connolly. who was jim connolly, and why did he become such a powerful figure? steve: jim connolly was the janitor at the national pen
host: who was leo frank? steve: leo frank was the exact opposite of mary phagan. he was a quiet, a well-educated mechanical engineer, graduated from cornell university. he went to germany to study pencil making it ever hurt favor, the -- everhart faber, he was a scientist. he was interested in modern management techniques and when the national capital -- pencil family was capitalized, they hired him to run the factory. it was a huge factory, turned out hundreds of thousands of pencils a week....
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Feb 3, 2017
02/17
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does dodd-frank, or his revisiting dodd-frank come have any bearing on it?bank side. i think i was part of the volcker rule, in fact. in thecaps on how much nation's deposit system you can have. repealing those will not really help to break up the big banks. it is the other way around. there is a little contradiction there. morning repeated the same thing, we haven't solved too big to fail. too bignot solved available we will get rid of all the rules that tried to fix too big to fail. it is not clear. some of suggested glass-steagall will come back. that will be very interesting. that would be more radical than what dodd-frank has done. as they got rid of dodd-frank and brought back glass-steagall, wow. oliver: the 21st century version of a glass-steagall. yalman: yalman: which was the volcker rule yalman:. he said it was the 21st century version of glass-steagall by separating trading from the banks. i don't know what they are going to do. but the rhetoric about breaking up big banks don't really fit in with all the other stuff. scarlet: thank you so much,
does dodd-frank, or his revisiting dodd-frank come have any bearing on it?bank side. i think i was part of the volcker rule, in fact. in thecaps on how much nation's deposit system you can have. repealing those will not really help to break up the big banks. it is the other way around. there is a little contradiction there. morning repeated the same thing, we haven't solved too big to fail. too bignot solved available we will get rid of all the rules that tried to fix too big to fail. it is not...
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Feb 6, 2017
02/17
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what about changing dodd-frank? well, as our leader pointed out, a "wall street journal" article today says that they are on target to cut by 100 billion dollars the amount of capital in the six largest banks that they are required to hold. and allow that money to go to shareholders and management. but what does that mean? it won't have an immediate effect. the next effect will be in the economic downturn when those banks have $100 billion less in cushion and yet those loaning money to the giant banks, they are not taking a higher rate of return. they don't think there is a greater risk because they believe that in the next economic downturn, without the 100 billion dollars in capital cushion, those banks can't meet their responsibilities and pay their debt, they will be bailed out again by the federal overnment. so it won't have an immediate effect. but it will have a real effect on americans and the social contract that holds us ogether. as for the fiduciary rule, as our ranking member pointed out, that is going t
what about changing dodd-frank? well, as our leader pointed out, a "wall street journal" article today says that they are on target to cut by 100 billion dollars the amount of capital in the six largest banks that they are required to hold. and allow that money to go to shareholders and management. but what does that mean? it won't have an immediate effect. the next effect will be in the economic downturn when those banks have $100 billion less in cushion and yet those loaning money...
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five months after the incident, frank frazetta sr. dies of a stroke.>> the pouring out of the fans, it was overwhelming. i knew how much he inspired millions of people out there. he was a gift to all of us. >> in the months following his death, the frazetta family infighting only intensifies. each sibling has a different idea of how to capitalize on their father's lucrative legacy. >> tension was very thick. >> sara frazetta-taylor is frank frazetta's oldest grandchild and holly's daughter. >> there was a little bit of rivalry between the boys and the girls because of different beliefs on how the art should be handled. >> what was the issue with each one? >> there was no way that all four siblings could agree to do a business together, licensing, merchandising, selling the artwork. >> in july 2010, with legal costs mounting, the family decides to sell one oil painting -- "conan the destroyer." the private sale brings in one and a half million dollars, a record price for fantasy art. unfortunately, bill says the family sees very little of the proceeds.
five months after the incident, frank frazetta sr. dies of a stroke.>> the pouring out of the fans, it was overwhelming. i knew how much he inspired millions of people out there. he was a gift to all of us. >> in the months following his death, the frazetta family infighting only intensifies. each sibling has a different idea of how to capitalize on their father's lucrative legacy. >> tension was very thick. >> sara frazetta-taylor is frank frazetta's oldest grandchild...
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Feb 6, 2017
02/17
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the reforms in dodd-frank. and thank god, when we wrote the tarp bill am a that they largely did not vote for, that they would have to tax -- pay the tax payer back. of wall street, even when we are making the suggestion that we could -- should contain ceo pay, the secretary said if we contain their pay, they will not accept the bailouts. imagine that. subsequent to that, after the bailouts, fortunately, we had theected the taxpayer in bailout. they took the biggest bonuses that they had ever received before and since. i do not know what it is they would -- they want. how much more money they need. i think they want immortality. the names on buildings. we have to put a stop to this. neck and people have to know. this is not political. this is economic. this is our country, our economy. making pointst politically, it is about changing the behavior of the republicans in congress or at least letting the public know this is what they believe, hold them accountable for your mortgage, your pension, your children's ed
the reforms in dodd-frank. and thank god, when we wrote the tarp bill am a that they largely did not vote for, that they would have to tax -- pay the tax payer back. of wall street, even when we are making the suggestion that we could -- should contain ceo pay, the secretary said if we contain their pay, they will not accept the bailouts. imagine that. subsequent to that, after the bailouts, fortunately, we had theected the taxpayer in bailout. they took the biggest bonuses that they had ever...
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Feb 7, 2017
02/17
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frank financial services law. they were also asked about the trump presidency at this 45 minute news briefing. ms. pelosi: good morning, everyone. thank you for being here on this monday morning. i am honored to be here with our ranking member of the financial services committee, maxine waters, another member of the committee, mr. brad sherman of california, and congressman gonzales from texas, a new member of the committee. as some of you may recall, on the night of thursday, september 18, 2008, chairman of the fed ben bernanke said that unless we act immediately, we will not have an economy by monday. this was thursday night. the unchecked recklessness of wall street created the worst economic catastrophe in america since the great depression. millions of americans lost their jobs, their homes, their savings. many families and communities still bear the scars. the president wants to take us right back to that crisis. instead of fighting for hard-working families as he promised in the campaign, the president and
frank financial services law. they were also asked about the trump presidency at this 45 minute news briefing. ms. pelosi: good morning, everyone. thank you for being here on this monday morning. i am honored to be here with our ranking member of the financial services committee, maxine waters, another member of the committee, mr. brad sherman of california, and congressman gonzales from texas, a new member of the committee. as some of you may recall, on the night of thursday, september 18,...
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Feb 27, 2017
02/17
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KRON
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sogomonian kron in san jose ella mentored.people he for many young positive influence frank was a ofown coach didn't have kids although he found.been identified or no suspects have when it happened. working there he was said to be cantina.tres gringos cabo midnight outside sunday just after stabbed to death frank was frank navarro.35-year-old coach league field for eastridge little vigil on the gathered at a and family in san jose friends in san jose friends and family gathered at a vigil on the eastridge little league field for 35-year-old coach frank navarro.frank was stabbed to death sunday just after midnight outside tres gringos cabo cantina.he was said to be working there when it happened. no suspects have been identified or found.although he didn't have kids of his own coach frank was a positive influence for many young people he mentored.in san jose ella sogomonian kron 4 news. in san francisco police are starting to gather video evidence of a hit-and-run, thanks to neighbors of the victim.earlier this month 73-year-old susannah cain was using the crosswalk at anza and arguel
sogomonian kron in san jose ella mentored.people he for many young positive influence frank was a ofown coach didn't have kids although he found.been identified or no suspects have when it happened. working there he was said to be cantina.tres gringos cabo midnight outside sunday just after stabbed to death frank was frank navarro.35-year-old coach league field for eastridge little vigil on the gathered at a and family in san jose friends in san jose friends and family gathered at a vigil on...
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Feb 3, 2017
02/17
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trump said about dodd-frank. >> we expect to be cutting a lot out of dodd-frank because, frankly, i have so many people, friends of mine that have nice businesses that can't borrow money, they just can't get any money because the banks just won't let them borrow because they're dealing with rules and regulations and dodd-frank so we'll be talking about that in terms of the banking industry. >> and as we've established, bank stocks like the news rallied today. the best performing sector in the s&p. >> joining us now fred lane, founder and managing partner at lane generational of raymond jaynes. terry haines as well, head of political analysis and manager of evercore isi. gentleman, what do the executive orders actually accomplish and can you see, are they commensurate with the rises that we saw in the stock today or was this largely symbolic? >> i don't think it's symbolic. i think it's all part of a larger fabric. the larger fabric is this is a president, by the way, who was inaugurated two weeks ago, let's remember, pretty amazing. he's going 120 miles an hour. he's addressing a lot of
trump said about dodd-frank. >> we expect to be cutting a lot out of dodd-frank because, frankly, i have so many people, friends of mine that have nice businesses that can't borrow money, they just can't get any money because the banks just won't let them borrow because they're dealing with rules and regulations and dodd-frank so we'll be talking about that in terms of the banking industry. >> and as we've established, bank stocks like the news rallied today. the best performing...
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this is not undoing of dodd-frank. this is an executive order that the president is expected to sign here any moment. this is very tailored in nature. what it does is direct treasury secretary and those dealing with regulations throughout agencies to look at dodd-frank within the next 120 days, come back to the president with the report on seeing that necessarily they don't feel should be in there on issues surrounding dodd-frank specially on issues with regulation. this has been a theme here from the president, from the administration over the last couple of weeks trying to deal with regulations and pair them back. we heard the president say he thinks as many as 75% of regulations all across the government could be rolled back but this one order will deal with regulations and dodd frank. there was also another memorandum that we are expecting the president to put out at some point here in the next few minutes dealing with the fiduciary role that would have been rolled out by the department of labor dealing with client
this is not undoing of dodd-frank. this is an executive order that the president is expected to sign here any moment. this is very tailored in nature. what it does is direct treasury secretary and those dealing with regulations throughout agencies to look at dodd-frank within the next 120 days, come back to the president with the report on seeing that necessarily they don't feel should be in there on issues surrounding dodd-frank specially on issues with regulation. this has been a theme here...
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Feb 2, 2017
02/17
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the officials should have known that frank lampard officials should have known that frank lampa rd reallyt frank lampard really must. liverpool managerjurgen klopp has responded tojose mourinho's claims that he's being treated differently to other managers. the manchester united head coach was unhappy that klopp avoided punishment despite screaming at the fourth official during tuesday's draw with chelsea. klopp today said that all managers struggle to keep their emotions in check. there are different ways to handle a situation. it is quite an emotional game. to switch off emotions in the right moment is not that simple. a lot of other people struggle in moments like this. it is not that we wa nt to moments like this. it is not that we want to do it or that it is a tactic. it happens more. the lawyer representing the consortium trying to takeover nottingham forest says they still want to buy the club. american businessmen john jay moores and charles noell saw their proposed offer to club owner fawaz al hasawi fall through, but insist they have fallen in love with the club and the city. la
the officials should have known that frank lampard officials should have known that frank lampa rd reallyt frank lampard really must. liverpool managerjurgen klopp has responded tojose mourinho's claims that he's being treated differently to other managers. the manchester united head coach was unhappy that klopp avoided punishment despite screaming at the fourth official during tuesday's draw with chelsea. klopp today said that all managers struggle to keep their emotions in check. there are...
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Feb 3, 2017
02/17
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sign ino set to order to review dodd-frank.just breaking that the white house is said to be readying an announcement on like eads f-35. -- lockheed's f-35. that is all coming up. this is bloomberg. ♪ mark: live from london, i mark barton. vonnie: i am vonnie quinn in new york and this is the european close on "bloomberg markets." we are waiting on big news shortly with present donald trump set to sign a sweeping review of dodd-frank. here's the president with his ceo council. >> we expect to be cutting out a lot out of dodd-frank because frankly i have so many friends of mine who have nice businesses that can't borrow money. they can't get any money because the banks just won't let them borrow because of over regulations in dodd-frank. this particular topic, we also heard from gary cohn from goldman sachs. he told us what parts of the law they are looking at specifically. >> we are going to attack all aspects of dodd-frank. we also care about liquid transparent and orderly markets. vonnie: joining us now is senior writer for th
sign ino set to order to review dodd-frank.just breaking that the white house is said to be readying an announcement on like eads f-35. -- lockheed's f-35. that is all coming up. this is bloomberg. ♪ mark: live from london, i mark barton. vonnie: i am vonnie quinn in new york and this is the european close on "bloomberg markets." we are waiting on big news shortly with present donald trump set to sign a sweeping review of dodd-frank. here's the president with his ceo council....
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Feb 3, 2017
02/17
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. >> unless you have the frank from dodd frank. congressman barney frank joins know diuss. >>> why i'm obsessed with ground hog day again, and again. >> rise and shine. >> this is mtp daily and it starts right now. >>> good friday evening, i'm chuck todd here in washington. beer, taxis, mickey mouse, motorcycles, and plaid shirts. folks, welcome today 14 of the trump administration where everything has become politicized. the white house today president trump met with an advisory council compose of more than a dozen business leader. comes amid a growing backlash over the president's partial travel ban. the ceo of uber sent a memo to employees announcing his resignation from the president's council. you probably can guess one reason why, flood of uber users were livid with the association with the new trump association. more than 200,000 deleted their uber accounts off their phones. this week, according to fortune magazine. it's not just uber though. after facing intense backlash on social media, it was reported last night that disn
. >> unless you have the frank from dodd frank. congressman barney frank joins know diuss. >>> why i'm obsessed with ground hog day again, and again. >> rise and shine. >> this is mtp daily and it starts right now. >>> good friday evening, i'm chuck todd here in washington. beer, taxis, mickey mouse, motorcycles, and plaid shirts. folks, welcome today 14 of the trump administration where everything has become politicized. the white house today president trump...
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Feb 6, 2017
02/17
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frank. manus pulled up this chart on the bloomberg, commercial loans climbing. the loan volumes reaching record highs after the crisis. what do you see in the u.s.? how much sense does this make to you? >> the assumption is that whatever will are place dodd -- whatever will replace dodd frank will make it easier. the real problem since lehman was there was too much debt. that took time for that to be eradicated. households strengthened their balance sheets. banks have been held back by a flatter yield curve, lower volume demand. although things are now changing. balance sheets are strong so household can leverage again. the yield curve is steepening and it improves demand for loans. so, whether or not the changes to dodd frank make a meaningful difference, we won't really know because i guess loan volumes will pick up now over the next couple years. manus: i think it is fair to say that gary cohn was talking about lending to entrepreneurs. obviously, the chart he is looking at versus the dat
frank. manus pulled up this chart on the bloomberg, commercial loans climbing. the loan volumes reaching record highs after the crisis. what do you see in the u.s.? how much sense does this make to you? >> the assumption is that whatever will are place dodd -- whatever will replace dodd frank will make it easier. the real problem since lehman was there was too much debt. that took time for that to be eradicated. households strengthened their balance sheets. banks have been held back by a...
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Feb 3, 2017
02/17
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sessions on dodd-frank.is something, if they take it on, it will be a big piece of action. >> no treasury secretary yet, no department of labor secretary yet. gary cohn, is he the most powerful economic member of trump's administration, and cohn has been meeting with jamie dimon. >> absolutely. gary cohn former number two at goldman sachs, now deeply involved in the administration on a day-to-day operating level this terms of economic policy. he is right now the most influential voice. they don't have a lot of the other people in place. even steven mnuchin when he comes in, assuming he was approved by the senate, that's somebody who doesn't have a lot of washington experience either. so cohn and mnuchin are both people outsiders to the political system, outsiders to the white house and the department of treasury. it will take them some time to figure out where all the levers of power actually are in those buildings, because it's not necessarily obvious. the political system is not like the financial system i
sessions on dodd-frank.is something, if they take it on, it will be a big piece of action. >> no treasury secretary yet, no department of labor secretary yet. gary cohn, is he the most powerful economic member of trump's administration, and cohn has been meeting with jamie dimon. >> absolutely. gary cohn former number two at goldman sachs, now deeply involved in the administration on a day-to-day operating level this terms of economic policy. he is right now the most influential...
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Feb 3, 2017
02/17
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nobody better to tell me about dodd-frank.ct to be cutting a lot out of dodd-frank because, frankly, as so many people that have nice businesses that just cannot borrow money because the banks won't let them borrow because of the rules and regulations and dodd-frank. we will be talking about that in terms of banking. introduce i want to somebody i've known for a long time that is done a fantastic job. we are thinking of having these meetings -- i think we will start making them on a monthly basis, going to a quarterly basis. want -- we of the biggest, brightest in the world. we are manufacturers represented worldwide -- we have manufacturers represented worldwide. these are the biggest in the best minds in this country. i really appreciate you being here. steve, say a few words. and would like to start out thank everybody for being here. is inrpose of this group for general discussion, which is ok, but the real purpose is to get things done. to advise the government in areas where we can do things a americans, for all .nd bott
nobody better to tell me about dodd-frank.ct to be cutting a lot out of dodd-frank because, frankly, as so many people that have nice businesses that just cannot borrow money because the banks won't let them borrow because of the rules and regulations and dodd-frank. we will be talking about that in terms of banking. introduce i want to somebody i've known for a long time that is done a fantastic job. we are thinking of having these meetings -- i think we will start making them on a monthly...
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Feb 3, 2017
02/17
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and fundo dodd-frank management.e will talk about that, is it a good thing, a bad thing customer we will talk about that. the yen is down a little bit. the bloomberg dollar index trading up by around 1/10 of 1%. it is payroll day. remember the adp report we had earlier in the week. we'll talk about the correlation later. matt shoji the futures. -- showed you the futures. nd yields,e bud beginning to fade a little in reaction to what is coming out firmly from wall street. its figure out what is happening around the world. let's go now to our bloomberg first word. sophie: thanks, guys. the bank of japan offered to buy unlimited amount of onset a fixed rate at a scheduled operation to reassert control over surging yields. the central bank will buy five to 10 year securities from secondary markets. it is offering to buy the 0.110ark 10 year notes at percent. the move comes after an earlier attempt of spending bond purchases failed. residents trump's administration is set to play new sanctions on iran as early as today. a
and fundo dodd-frank management.e will talk about that, is it a good thing, a bad thing customer we will talk about that. the yen is down a little bit. the bloomberg dollar index trading up by around 1/10 of 1%. it is payroll day. remember the adp report we had earlier in the week. we'll talk about the correlation later. matt shoji the futures. -- showed you the futures. nd yields,e bud beginning to fade a little in reaction to what is coming out firmly from wall street. its figure out what is...
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Feb 14, 2017
02/17
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in fact, our banks have thrived since we passed dodd-frank. those big banks and community banks are making the daily record profits. mr. chairman, i would like to submit the most recent quarterly report from the fdic to show that banks of all sizes are more profitable than ever, as well as this "wall street journal" article from november entitled " u.s. banks report record profits in the third quarter." may i do that? mr. chair: with a doubt. sen. warren: thank you. place to stop in another financial crisis, we need to start with facts, real facts, not alternative facts that the administration has become known for. the facts show that donald trump is wrong and his chief economic advisor is wrong about every major reason that they have given to tear up dodd-frank. commercial and consumer lending is robust. bank profits are at record levels, and our banks are blowing away the global competitors. why go after banking regulations? the president and the team of goldman sachs anchors that he has been in charge of the that the usankers put in charge
in fact, our banks have thrived since we passed dodd-frank. those big banks and community banks are making the daily record profits. mr. chairman, i would like to submit the most recent quarterly report from the fdic to show that banks of all sizes are more profitable than ever, as well as this "wall street journal" article from november entitled " u.s. banks report record profits in the third quarter." may i do that? mr. chair: with a doubt. sen. warren: thank you. place to...
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Feb 18, 2017
02/17
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we could have a good deal of simplify kaig around dodd-frank.iz: it seems like college students should look into simplify casings dodd-frank. it's a bear of a law. 2,300 pages. donald trump has already started to try and trim where he is aloud. there is one area -- where he is allowed. public companies that extract natural oil and gas from having to disclose annual reports and paiments whed andpayments when s with foreign governments. that's a small percentage. what else would you remove from dodd-frank to help the market and help stock. >> well, i think again a lot of the apparatus on stress testing is geared more toward the larger banks. we expand the net too broadly on who should be stress tested. i simplifying liquidity rules would be helpful. the ability of a bank to access funding in times of stress. during the crisis it was a function of the market perception they were insolvent. so prioritizing capital and simplifying some of these areas i think would make sense. i don't agree with everything in jeb's plan because i think on what we call
we could have a good deal of simplify kaig around dodd-frank.iz: it seems like college students should look into simplify casings dodd-frank. it's a bear of a law. 2,300 pages. donald trump has already started to try and trim where he is aloud. there is one area -- where he is allowed. public companies that extract natural oil and gas from having to disclose annual reports and paiments whed andpayments when s with foreign governments. that's a small percentage. what else would you remove from...
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Feb 6, 2017
02/17
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administration focuses on the dodd-frank law.stration can get a lot done with or without the support of congress. >> we can do quite a bit of what we need to do. we are to work with congress. withet this morning committee members to talk about what we can do with the house. it wants to be very active and helpful with us. are going to engage the house, we're going to engage the senate. they're equally interested in performing some of the regulatory processes, as well. we can do quite a bit without them, but the more help we get from congress, the better off we will all be in making the job creation vehicle more effective. not just and financial services, we are talking about regulation in every different industry group. when the auto manufacturers were in here, they were talking about the epa, when the manufacturers were in here they were talking much different regulatory groups. we are going to need help from the senate and we're going to get some help from the white house. >> there is a wide panoply of regulations. let's be spec
administration focuses on the dodd-frank law.stration can get a lot done with or without the support of congress. >> we can do quite a bit of what we need to do. we are to work with congress. withet this morning committee members to talk about what we can do with the house. it wants to be very active and helpful with us. are going to engage the house, we're going to engage the senate. they're equally interested in performing some of the regulatory processes, as well. we can do quite a bit...
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they just suffered horribly under dodd-frank. liz: yes. stuart: you roll back dodd-frank. -- ashley: regional banks are the fuel for small businesses. stuart: okay. now, i think we've discussed this ad nauseum but it is never enough. ashley: never enough. stuart: when we have a stock market rally going on. i want to thank charles. i want to thanks tammy. terrific performance in the politics and economy. who is next? i will tell you who is next. ken paxton, the attorney general of the state of texas. sir, i want to talk to you about building the wall. i think it was general -- i believe it was general kelly yesterday, homeland security, who said, we could get this thing built in two years. you're on the border. you're from texas. you're the attorney general there. are we going to do it? >> you know what? sound like a good plan to me. we have been waiting for decades to get something done. now to have general kelly on the border we'll get it done in two years. it is exciting to texance. it protects us. saves the state money. we're excited about it. stuart: can you protect th
they just suffered horribly under dodd-frank. liz: yes. stuart: you roll back dodd-frank. -- ashley: regional banks are the fuel for small businesses. stuart: okay. now, i think we've discussed this ad nauseum but it is never enough. ashley: never enough. stuart: when we have a stock market rally going on. i want to thank charles. i want to thanks tammy. terrific performance in the politics and economy. who is next? i will tell you who is next. ken paxton, the attorney general of the state of...
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Feb 14, 2017
02/17
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president trump called dodd frank a disaster and said he would dismantle it. he issued an executive order on financial regulation. he put steve mnuchin and gary cohen, who have a combined 42 years at goldman sachs in charge of rewriting the rules to benefit the banks. you have looked at the data for the economy and financial markets. i want to follow up on senator brown's questions and get your take on some of the administrations main reasons for calling it a disaster. he said he hoped to "cut a lot out of dodd frank" because "friends of mine with nice businesses can't borrow money." i'm aware of the small business survey you sited earlier, since dodd frank was enacted in 2010? >> well, cni lending at this point has grown and it exceeds after declining, it exceeds the 2008 peak. the same is true for total loans held by commercial banks, since the end of 2010, total cni loans outstanding have grown over 75%. in the most recent period for which we have data were the recent 12 month period, cni loans grew over 7% and small cni loans, which are usually sort of sma
president trump called dodd frank a disaster and said he would dismantle it. he issued an executive order on financial regulation. he put steve mnuchin and gary cohen, who have a combined 42 years at goldman sachs in charge of rewriting the rules to benefit the banks. you have looked at the data for the economy and financial markets. i want to follow up on senator brown's questions and get your take on some of the administrations main reasons for calling it a disaster. he said he hoped to...
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Feb 21, 2017
02/17
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can you talk about dodd frank? >> dodd-frank was the major legislation passed in the wake of the 2008 financial crisis. long.over 1000 pages it has many critics. there are flaws. however, many people, including elizabeth warren, agree it has made the system safer. it is required banks to keep more capital on hand, meaning that a larger cushion in case they encounter some kind of problem. this was a big issue in 2008. it has pushed the banks to stop doing proprietary trading. it is basically a form of gambling, depending on who you ask, with their own money. these are taxpayer backed stopped banks. many people believe banks should be focused on their stated purpose. their purpose in the economy is to take capital that people have to invest and channel it to businesses through loans, through ipos. i mean, they are the engine of the economy. businesses cannot grow without access to capital, which banks are supposed to provide. what we have seen is banks have become more focused on speculative trading to make money. th
can you talk about dodd frank? >> dodd-frank was the major legislation passed in the wake of the 2008 financial crisis. long.over 1000 pages it has many critics. there are flaws. however, many people, including elizabeth warren, agree it has made the system safer. it is required banks to keep more capital on hand, meaning that a larger cushion in case they encounter some kind of problem. this was a big issue in 2008. it has pushed the banks to stop doing proprietary trading. it is...
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reporter: for dodd-frank, to be clear this is an executive order. dodd-frank is a law. i asked white house press secretary sean spicer if the administration would work with congress to further enact potentially more serious changes involving dodd-frank? here he was. >> dodd-frank has not, has been both a disaster in terms of the impact it has had, but also hasn't achieved the goal. i think we'll continue not just to act through administrative action but through, through working with congress to figure out a legislative. reporter: david, i asked mr. spicer if they are considering, the administration is, a full repeal of dodd-frank. they would not go that far to say the executive order is on this i today. they would be looking down the line to work with congress to do more. david: who knows what will come. anything could happen. blake, thank you very much. steve forbes is back. joining us bart chilton, former commissioner of the commodities future trading commission. if you're wondering who the heck invented dodd-frank, this is a guy created 65 rules in dodd-frank. chilto
reporter: for dodd-frank, to be clear this is an executive order. dodd-frank is a law. i asked white house press secretary sean spicer if the administration would work with congress to further enact potentially more serious changes involving dodd-frank? here he was. >> dodd-frank has not, has been both a disaster in terms of the impact it has had, but also hasn't achieved the goal. i think we'll continue not just to act through administrative action but through, through working with...
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Feb 2, 2017
02/17
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BBCNEWS
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really, the officials should have known, frank lampa rd really, the officials should have known, frankrjurgen klopp has responded tojose mourinho's claims that he's being treated differently to other managers. the manchester united head coach was unhappy that klopp avoided punishment despite screaming at the fourth official during tuesday's draw with chelsea. klopp today said that all managers struggle to keep their emotions in check. i think there are different ways to handle the situation. it's quite an emotional game. to switch off emotions at the right moment is not that simple. we struggle a lot, myself, jose mourinho, arsene wenger and others struggle. we are all different. it is not that we want to do it or it isa different. it is not that we want to do it or it is a tactic or something, it happens. callum wilson has been ruled out for the rest of the season. he had a similar setback in his other league last year. he is expected to be out for six months. it's not been a great day for tiger woods. the former world number one failed to card a single birdie at the dubai desert clas
really, the officials should have known, frank lampa rd really, the officials should have known, frankrjurgen klopp has responded tojose mourinho's claims that he's being treated differently to other managers. the manchester united head coach was unhappy that klopp avoided punishment despite screaming at the fourth official during tuesday's draw with chelsea. klopp today said that all managers struggle to keep their emotions in check. i think there are different ways to handle the situation....
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Feb 3, 2017
02/17
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MSNBCW
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dodd/frank was signed in 2010, named after senator chris dodd, representative barney frank, both retiredort of an omnibus bill dealing with the financial industry because it was surprising to people how badly regulated the industry was. this executive order that is signed b the president does not change dodd/frank at all. it's a congressional bill. the president cat chang it. he's basically telling the treasury secretary to talk to the regulatory agencies and find out what they can do to change it. that's what that part is. it's a bit of optics but he did say he was going to roll back dodd/frank and it sounds he's going to get that down. >> i bow to you because you summed that up in a cogent and understandable way. good job. >> thank you. >> i'm going to stay right here. i'm going to keep my job, as you are suggesting. >> try, try and ask for more. never hurts to ask. >> thank you. >>> also happening right now at joint base andrews, president trump just arrived aboard air force one. he will get on that plane and take a trip down to florida to visit his mar-a-lago resort. they have alread
dodd/frank was signed in 2010, named after senator chris dodd, representative barney frank, both retiredort of an omnibus bill dealing with the financial industry because it was surprising to people how badly regulated the industry was. this executive order that is signed b the president does not change dodd/frank at all. it's a congressional bill. the president cat chang it. he's basically telling the treasury secretary to talk to the regulatory agencies and find out what they can do to change...
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Feb 20, 2017
02/17
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KOFY
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william: don't forget dodd-frank is a law.t means it can't be eliminated by the stroke of pen or snapping of fingers, which is probably what donald trump likes to do or thinks he can do. it has to be amended or changed by congress. hopefully, if smart about this, they will take a scalpel and take away what they don't like and leave what they do like. soledad: you have said banks actually like some provisions in dodd-frank as well. william: i think they do for a number of reasons. i think they recognize that they had too much leverage in 2006 and they had too much risk in the system. now they are required to have more capital, and i think basically they like that. wall street wants seat belts. wall street wants speed limits. they don't want to be able to drive on the wrong side of the road, with a whiskey bottle and no seatbelts as fast as they want. that's not what they want. they want to make a lot of money for themselves and improve lives of the american people, but they know they need guard rails. this is an opportunity rig
william: don't forget dodd-frank is a law.t means it can't be eliminated by the stroke of pen or snapping of fingers, which is probably what donald trump likes to do or thinks he can do. it has to be amended or changed by congress. hopefully, if smart about this, they will take a scalpel and take away what they don't like and leave what they do like. soledad: you have said banks actually like some provisions in dodd-frank as well. william: i think they do for a number of reasons. i think they...
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Feb 3, 2017
02/17
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BLOOMBERG
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coming up, an interview with gary: and rolling back parts of dodd-frank.bloomberg. ♪ >> president trump and two executive actions, one to order a review of dodd-frank rules and acted after the 2008 financial crisis. the second halted a fiduciary one that requires advisers retirement accounts to work in the best interests of their clients. iran will impose restrictions on in. individuals and entities retaliation for the sanctions imposed by the u.s. today. iran released a statement on its foreign ministry website saying to ron will respond in kind to the latest treasury sanctions and plans to release a list of u.s. companies it says supports regional terrorist groups. the french president says there is no doubt an attack outside of one of the world's most famous museums was terrorism. the soldier outside opened fire on an attacker armed with a machete. the attacker was wounded and arrested. he is described as a 29 your egyptian citizen. u.k., two judges have thrown out a brexit lawsuit that attempted to force a parliamentary vote on whether britain should s
coming up, an interview with gary: and rolling back parts of dodd-frank.bloomberg. ♪ >> president trump and two executive actions, one to order a review of dodd-frank rules and acted after the 2008 financial crisis. the second halted a fiduciary one that requires advisers retirement accounts to work in the best interests of their clients. iran will impose restrictions on in. individuals and entities retaliation for the sanctions imposed by the u.s. today. iran released a statement on...
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Feb 4, 2017
02/17
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CSPAN2
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president trump discussed jobs numbers and dodd-frank financial regulations at a white house meeting with business leaders and his economic advisory couple. here's some of the meeting. >> thank you, everybody, for being here this morning. this is a really world class group and i want to thank you and congratulate steve, you have done an amazing job. steve called me up the day after the election, might have been the same night to be honest with you. maybe one minute. and he said i'd like to put together a group, world class heeders that's what he has done so good job, steve. a couple of things happened this morning. 227,000 jobs, great spirit in the country right now. so we're very happy about that. think that it's going to continue big league. we are bringing back jobs and bringing down your taxes and getting read of regulation and exciting times ahead. we're going to be coming up with the tax bill very soon, healthcare bill even sooner, and it's really working out. sophie from the cleveland clinic has been helping with the veterans and we appreciate that. you have been amazing, and
president trump discussed jobs numbers and dodd-frank financial regulations at a white house meeting with business leaders and his economic advisory couple. here's some of the meeting. >> thank you, everybody, for being here this morning. this is a really world class group and i want to thank you and congratulate steve, you have done an amazing job. steve called me up the day after the election, might have been the same night to be honest with you. maybe one minute. and he said i'd like...
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Feb 7, 2017
02/17
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KQED
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the unintended consequences of dodd frank has overly burdened community and regional banks. they wrote the law so that the thresholds were at $10 billion and $50 billion. all the things that you mentioned. what do you do when they fail? we need to take $10 billion and move to it $50ball. take the $50 billion and move it up. >> could it really be pushed through fairly easily. >> on that note, thank you very much. >> hasbro toys, a strong demand for dolls based off the movie frozen i know what its easy bake oven products has easily topped estimates. 12% to 57 cents a share and look what shares did today. up 14% to $94.31. the luxury jeweller tiffany. its chief executive has stepped down from his role following the disappointment with recent performance. tiffany said the chairman will take over as the interim ceo. the consumer company newell brands caused sales more than doubling but the results still missed wall street expectations. the owner of yankee candle and elmer glue understabrands said raise the price. and the meat producer tyson foods topped expectations. it posted be
the unintended consequences of dodd frank has overly burdened community and regional banks. they wrote the law so that the thresholds were at $10 billion and $50 billion. all the things that you mentioned. what do you do when they fail? we need to take $10 billion and move to it $50ball. take the $50 billion and move it up. >> could it really be pushed through fairly easily. >> on that note, thank you very much. >> hasbro toys, a strong demand for dolls based off the movie...
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Feb 6, 2017
02/17
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CNBC
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but suddenly we decided it's dodd/frank. i mean, dodd/frank is a lot of things.ut overall return of capital has been -- it's been other ends of the government. you know, it's the ccars, what i'm saying it's not really -- they're really kind of lumping nit with dodd/frank, but i've never felt that dodd/frank is the reason why you couldn't return capital. >> i know. i'm curious to see how that all plays out. citi is at the top of the list of what they call excess capital. >> right. excess capital. >> with i think what was the number $27 billion or something along those lines. but the stock's moved pretty dramatically on friday. >> right. interest rates are down today. and that's the buzz kill for the group. you need both interest rates shooting up, right? because you need the fed to go along. you've got that steepening yield curve and think that gives them some room. you have to have a move in march. and absolutely you need some sort of deregulation. but it's funny deregulation i'm saying, like people don't realize, when the bank examiners are inside the banks, and
but suddenly we decided it's dodd/frank. i mean, dodd/frank is a lot of things.ut overall return of capital has been -- it's been other ends of the government. you know, it's the ccars, what i'm saying it's not really -- they're really kind of lumping nit with dodd/frank, but i've never felt that dodd/frank is the reason why you couldn't return capital. >> i know. i'm curious to see how that all plays out. citi is at the top of the list of what they call excess capital. >> right....
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Feb 23, 2017
02/17
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KQEH
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frank gary in just a moment. >> frank gary has been called the most important architect of our age. it's thoord disagree with that assessment. throughout his career, he has designed awe inspiring structures that have become must visit destinations. this spring he'll teach his first ever online course through master class.com. as always, i'm honored to have frank gary back on this program. how are you, my friend? >> great. >> good to see you again. >> wh i saw this, i was shocked. i was shock thawed were gone, i guess, reveal some trade secrets. not just because you say it, i could do it. but why do a master class? you are almost 88 1/2. >> i have no clue. the nice people came and asked me to do it the it sounded like something interesting. >> what makes it interesting for you? >> appealing for you? >> the candor of it. they let it all hang out. they ask go g. questionod quest. and i love teaching. i've always done. that. >> what is it about the teaching that you enjoy? >> opening other people's minds. you can see the immediate results. it's great that you're having an impact. >> yea
frank gary in just a moment. >> frank gary has been called the most important architect of our age. it's thoord disagree with that assessment. throughout his career, he has designed awe inspiring structures that have become must visit destinations. this spring he'll teach his first ever online course through master class.com. as always, i'm honored to have frank gary back on this program. how are you, my friend? >> great. >> good to see you again. >> wh i saw this, i was...
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Feb 6, 2017
02/17
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BLOOMBERG
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he has blamed dodd-frank from keeping loan origination down, but loans have risen 75% since dodd-frankas an active, and lending is at a 70-year high. the s&p financial sector got a trump bumper friday on the news. netanyahu meets theresa may later today. later this week, he will be at the white house. this start to talk about discussion between benjamin netanyahu and theresa may. what will benjamin netanyahu focus on? >> i think prime minister notnyahu said he is necessary targeting the deal, criticals been quite of the deal in the past, and i think the idea that there is a come outand to strongly from the start of the trump administration, and the cohesion we seem to be seeing with the u.k. on that front. this is a big year, reelection year in may, what happens with the latest trump or rhetoric in terms of how that plays into the cards for some of the hardliners there? >> what we have been seeing in the hartline and conservative press is a strong coming out of the opposition to rouhani as a moderate politician, a strengthening of the rhetoric they have been having for years, which is
he has blamed dodd-frank from keeping loan origination down, but loans have risen 75% since dodd-frankas an active, and lending is at a 70-year high. the s&p financial sector got a trump bumper friday on the news. netanyahu meets theresa may later today. later this week, he will be at the white house. this start to talk about discussion between benjamin netanyahu and theresa may. what will benjamin netanyahu focus on? >> i think prime minister notnyahu said he is necessary targeting...
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Feb 22, 2017
02/17
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LINKTV
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anne frank was denied immigration at least twice . father,otto frank appeal to the roosevelt administration. amy: fdr. >> yes, roughly between 1939-1941. he was a fairly well-connected man. he was intelligent man with friends in high places. he was able to get communications very high up in the roosevelt administration saying, please, say my family, save the frank family. it did not work. fdr refused refugeeee anne fran. for those of us in the jewish community and those who are not jewish but who simply care about never again repeating what happened to anne frank, when we look at the muslim ban and we look at syrian refugees, we say, let us save evevery future anne frank that we did not save decades ago. and whether this kind of evil prejudice against refugees was by roosevelt or on theit is a blot american conscious. to stem witith all refugees to help them come into this nation. amy: a texas mosque was just burned to the ground, mark potok , and the jewish synagogue said oububuilding is big enough for both and handed the keys over o
anne frank was denied immigration at least twice . father,otto frank appeal to the roosevelt administration. amy: fdr. >> yes, roughly between 1939-1941. he was a fairly well-connected man. he was intelligent man with friends in high places. he was able to get communications very high up in the roosevelt administration saying, please, say my family, save the frank family. it did not work. fdr refused refugeeee anne fran. for those of us in the jewish community and those who are not jewish...
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Feb 27, 2017
02/17
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KRON
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mentored.alonso hernandez, frank's cousin "you become a father figure when they're this young.at's a good thing, he had all these kids man and they looked up to him." no suspects have been identified or found.this is the sixth homicide of this year in the south bay city. ella sogomonian/ san jose in san jose ella sogomonian kron 4 news. new at ten. police are on the hunt for the man in connection with a deadly stabbing in vallejo. it happened around ten yesterday morning at a home on western avenue. officers say the victim left the scene prior to officers arriving. shortly after, an adult male victim arrived at a nearby hospital. the victim was suffering from a stab wound and died earlier today. the identity of the victimhas yet to be released. also in vallejo ... a gunman opened fire inside a popular bar. killing one man and injuring two others. now police are looking for the suspect. it happened around one this morning at gentleman jim's bar on lincoln road. at the scene, officers found two men suffering from gunshot wounds. one the victims died at the scene. the second victi
mentored.alonso hernandez, frank's cousin "you become a father figure when they're this young.at's a good thing, he had all these kids man and they looked up to him." no suspects have been identified or found.this is the sixth homicide of this year in the south bay city. ella sogomonian/ san jose in san jose ella sogomonian kron 4 news. new at ten. police are on the hunt for the man in connection with a deadly stabbing in vallejo. it happened around ten yesterday morning at a home on...
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Feb 22, 2017
02/17
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KCSM
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fdr refused refugee anne frank. those of us in the jewish community and those who are not jewish but who simply care about never again repeating what happened to anne frank, when we look at the muslim ban and we look at syrian refugees, we say, let us save every future anne frank that we did not save decades ago. and whether this kind of evil prejudice against refugees was by roosevelt or on theit is a blot american conscious. to stem with all refugees to help them come into this nation. amy: a texas mosque was just burned to the ground, mark potok , and the jewish synagogue said our building is big enough for both and handed the keys or of their synagogue to the muslims in the community. your final comment? what do you think, mark potok, president trump could do to show he is serious about stopping these hate groups? >> i think he can't do much because the fact is that he is not serious about stopping them. the reality is, he has stood by and said nothing while not merely one, but three different mosques were burne
fdr refused refugee anne frank. those of us in the jewish community and those who are not jewish but who simply care about never again repeating what happened to anne frank, when we look at the muslim ban and we look at syrian refugees, we say, let us save every future anne frank that we did not save decades ago. and whether this kind of evil prejudice against refugees was by roosevelt or on theit is a blot american conscious. to stem with all refugees to help them come into this nation. amy: a...
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Feb 4, 2017
02/17
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CSPAN2
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frank, his wife, the last love letter he wrote home to his wife in 1947, actually not the last one butletter he wrote to her in which they're preparing for their wedding and i put that side-by-side with one over this la love letters that the passenger ramon perez gonsales, and telling we have a few beans left on the barn. i'll be sending money home soon and when you see the two letters, you know, all the glaring humanity is illuminated in that. don't have to push any of the sort of dish don't have to spew political rhetoric around that, or imbue the book with that. you read the letters and can't deny here stands two men who loved their families, working hard for their families. on january 30, 1948, the funeral services happened right here at holy cross cemetery in fresno, california, in the central valley, and 400 to 500 people were her and she service had 28 coffins lined up. again, and on that day, january 30, while they were doing the services -- the only interned a few coffin us ball wise take two days. so before the audience, before the crowd they interred a couple of coffins and
frank, his wife, the last love letter he wrote home to his wife in 1947, actually not the last one butletter he wrote to her in which they're preparing for their wedding and i put that side-by-side with one over this la love letters that the passenger ramon perez gonsales, and telling we have a few beans left on the barn. i'll be sending money home soon and when you see the two letters, you know, all the glaring humanity is illuminated in that. don't have to push any of the sort of dish don't...
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Feb 23, 2017
02/17
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KTVU
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>> frank and julie, there has not been any shooting for a while. and san pablo police hope it will stay that way. >> reporter: this stretch of interstate 80 is now under surveillance. police say they hope cameras will deter shootings like the one that plagued the i-80 corridor in 2016, including two shootings in san pablo. in many cases they made a speedy giveaway with a few witnesses including the gun battles. >> they are in excess of 55, hard for witnesses to get an accurate description of what occurred or were called in and they were able to witness it. and with these cameras, they will be able to go back to get an accurate vehicle description by what occurred. >> they were less than a mile between two in san pablo. and they would have three cameras on the stretch of i-80 last month. >> they have more than 100 surveillance cameras up along their city streets. this is the monitoring room at the police department, where the video is recorded, then stored 24 hours a day. police say after a crime occur they could find video footage of vehicles leavi
>> frank and julie, there has not been any shooting for a while. and san pablo police hope it will stay that way. >> reporter: this stretch of interstate 80 is now under surveillance. police say they hope cameras will deter shootings like the one that plagued the i-80 corridor in 2016, including two shootings in san pablo. in many cases they made a speedy giveaway with a few witnesses including the gun battles. >> they are in excess of 55, hard for witnesses to get an accurate...