robert rubin is very responsible for that repeal of glass steagall and you can talk about that moment because you had to know glass steagall and he also introduced the commodity futures modernization act in 2000 so let go of the so what did those 2 acts together the repeal of the glass steagall act and the introduction of the commodities futures modernization act due to create the problems that need changing and solutions well robert rubin is a financial engineer and we live in an era post drop of the gold standard in the $171.00 financial engineering was back in the currency more than something like gold and those who can successfully financially engineer became hugely powerful at goldman sachs and other wall street banks and robert rubin is a very successful financial engineer if they were able for example to print lots of money but engineer it so that it never went to workers they did this by bringing china in at the same time as they deregulated wall street so that the jobs could go to china and people in the u.s. on wall street could get fabulously wealthy and leaving the

but robert rubin. that is the most shocking thing that the democrat elite keep on going to this guy bill clinton barack obama and now by it and if he were to be president would use robert rubin robert rubin is very responsible for that repeal of glass steagall and you can talk about that moment because you had to know glass steagall and he also introduced the commodity futures modernization act in 2000 so let go of the so what did those 2 acts together the repeal of the glass steagall act in the introduction the commodities futures modernization act do to create the problems that need changing and solutions well robert rubin is a financial engineer and we live in an era post drop of the gold standard in the $171.00 financial engineering was back in the currency more than something like gold and those who can successfully financially engineer became hugely powerful at goldman sachs and other wall street banks and robert rubin is a very successful financial engineer if they were able for example to print

none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect to happen. meanwhile for the poor let market principles prevail don't expect any help from the government the government the problem not the solution and so on that's essentially neo liberalism at it's has this dual character which goes right back in economic history one set of rules for the rich opposite set of rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed she's going to go on and on like this until the next crash which is so much expected that credit agencies which kind of evaluate the. status of firms are now counting into their calculations the taxpayer bailout that they expect to come in after the next crash which means that the beneficiaries of these credit ratings like the big banks they can borrow money more

president clinton could have done something about this but he was focused on age-old policies from robert rubin. president obama could have addressed and changed urban america, but he was focused on the age-old policies of larry summers. and george bush could have addressed these issues, but he was focused on the war on poverty -- i'm sorry, the war in other countries where we spent more than $7.8 trillion in the last 18 years. there is a war going on in urban america that is really calling on president trump and his administration, i believe, to now invest in an economic policy -- >> laura: he's already doing that with opportunities. he steps up and gets companies to commit big money in places like chicago and so forth. it's kind of a chicken and an egg problem -- >> laura, on the issue of the opportunity zones, i believe it's a great start to incentivize private investors, but i've learned in our communities that that private investment is just not enough. we have to get more public money to bear against the private money because we need something to complement it. quite frankly, poor people