crisis go to waste never let a crisis go to waste then i want to ask your opinion on this that timothy geitner said when he talked about the regulatory response to live or let's take a listen and then i have a question for you. to see if you see justice f.s.a. actions very powerful force in action very important to do very consequential deterrents this behavior and it's the first step there's more to come now ok so he's talking to talk and you just gave a recent reason why you think washington might want to try to get back at wall street but sorry i have to be skeptical bob how do we know that this isn't timothy geitner doing his p.r. thing because we already know he's under scrutiny for not doing enough back in two thousand and eight when he reportedly learned that live or was being manipulated by barclays i don't doubt that this has to do at least in part with his own p.r. spin but when you look at the big picture you have to see where this is all going and live bor is one hundred trillion dollar market and the central planners have their ability to get their fingers in all of this and kind

get back at wall street but sorry i have to be skeptical about how do we know that this isn't timothy geitner doing his p.r. thing because we already know he's under scrutiny for not doing enough back in two thousand and eight when he reportedly learned that live or was being manipulated by barclays i don't doubt that this has to do at least in part with his own p.r. spin but when you look at the big picture you have to see where this is all going and live or is one hundred trillion dollar market and the central planners have their ability to get their fingers in all of this and kind of determine the direction and get to tell a bunch of institutions whether or not there's going to going to survive or not and those are the powerplay manipulations that they really thrive on so they have a big stake in this too so briefly before we go do you really think that lie board could be this turning point where washington goes after the banks and will it constitute that turning point if we only see mid and low level traders get arrested or have charges brought towards them and not senior level executives

institutionalized well the other opinion that is institutionalized as we need them barack obama thinks this timothy geitner thinks this is that they just like these bankers think that they need to cheat in order to succeed. these banker stroke politicians are also going to think the same thing we need to cheat although why somebody else will we need to do it first otherwise the chinese will do it and they'll get ahead of us so this is their rationale but the space race has been replaced with the frog race so timothy geithner is lecturing the chinese in the meantime he's trying to commit fraud faster than they can commit fraud on him so here's sixteen percent of respondents said they would commit insider trading now let's look at something called outsider trading max labor department asks nuclear guardians for help keeping jobs data secret c m b c is learned that the department of labor has asked sandia national laboratories the organization that ensures the safety of the nation's nuclear weapons stockpile to scrutinize the security procedures surrounding the release of monthly jobs report data so they're f

to make to make this the issue that it that it needs to be this timothy geitner should not be sitting in the seat that this statute have been such an embarrassment to the administration that they should have found someone else other than timothy geithner. to fill that seat it's a it's you know if you go back to and this is an issue also as a release of the republicans if you go back to some of the founding documents of this country if you go back to fit the federalist papers and federalist number ten james madison was concerned about factions he was concerned about interest groups that were going to have a greater personal interest in legislation than what was in the best interest of the american people and this is really what we're what we're what we're getting to the crux to so for those conservatives who want to be strict constructionists and read the constitution for what is for this is an issue that they should be championing because this gets to the core of what james madison and many of the other founding fathers were really all about they were about public service they were ba