time there is movement in congress to do something about that and then what has that got blown out kyra cantor thank you all right and spencer baucus the chair of the house banking committee finance committee ok we're going to move on to a final subject we've got about ninety second senator warren's proposal mccain's proposal to reinstate a form of glass steagall has attracted a lot of attention critics say the separation of commercial banking from investment banking wouldn't prevent another crisis will it i'm just going to repeat what elizabeth warren said only that this is because she's starving because i don't think there's any counterargument to this fact that from the founding of this country every ten fifteen years we've had a major banking panic and then after glass steagall in one nine hundred thirty two after the whole everything fell apart we went sixty seventy years without another major banking panic coincidence well i think it gets down to moral hazard when you have the federal reserve with a wink and a nod always willing to build somebody out and giving away free money that's the

is movement in congress to do something about that and then you know what has that got blown out kyra cantor thank you all right and spencer baucus the chair of the house banking committee finance committee ok we're going to move on to a final subject we've got about ninety second senator warren's proposal mccain's proposal to reinstate a form of glass steagall has attracted a lot of attention critics say the separation of commercial banking from investment banking wouldn't prevent another crisis will it i'm just going to repeat what elizabeth warren said only that this is because she's starving because i don't think there's any counter-argument to this fact that from the founding of this country every ten fifteen years we've had a major banking panic and then after glass steagall in one nine hundred thirty two after the whole everything fell apart we went sixty seventy years without another major banking panic coincidence well i think it gets down to moral hazard when you have the federal reserve with a wink and a nod always willing to build somebody out and giving away free money that's th

is movement in congress to do something about that and then you know what has that got blown out kyra cantor thank you all right and spencer baucus the chair of the house banking committee finance committee ok we're going to move on to a final subject we've got about ninety second senator warren's proposal mccain's proposal to reinstate a form of glass steagall has attracted a lot of attention critics say the separation of commercial banking from investment banking wouldn't prevent another crisis will it i'm just going to repeat what elizabeth warren said only that this is because she's starving because i don't think there's any counter-argument to this fact that from the founding of this country every ten fifteen years we've had a major banking panic and then after glass steagall in one nine hundred thirty two after the whole everything fell apart we went sixty seventy years without another major banking panic coincidence well i think it gets down to moral hazard when you have the federal reserve with a wink and a nod always willing to build somebody out and giving away free money that's th