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Jun 8, 2017
06/17
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wall omised an end to street bailouts. they promised to protect consumers. seven years later we know that these promises never came true. due to dodd-frank's wall excessive outs. regulatory burden, big banks are getting bigger while small banks and credit unions are disappearing. they have only been six new bank charters since dodd-frank, a drastic decline from the 170 on average per year before the bill. in fact, 43% of the banks with assets under $1200 million have disappeared. -- $100 million have disappeared. large banks survived because hey can afford armies of lawyers to understand dodd-frank regulations. in 2010 goldman sachs c.e.o. even suggested his bank would be among the biggest beneficiaries of dodd-frank. but for community banks with community budgets the effects of the law have been devastating. dodd-frank also failed to address the too big to fail problem. under the new law, big banks are -- under dodd-frank big banks are growing larger and taxpayers are still responsible for bailing them out. furthermore, dodd-frank has made access to banking
wall omised an end to street bailouts. they promised to protect consumers. seven years later we know that these promises never came true. due to dodd-frank's wall excessive outs. regulatory burden, big banks are getting bigger while small banks and credit unions are disappearing. they have only been six new bank charters since dodd-frank, a drastic decline from the 170 on average per year before the bill. in fact, 43% of the banks with assets under $1200 million have disappeared. -- $100...
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when "wall street week" when "wall street week" returns.s.s.s.s. returns.s.s.s.s. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. tthat's why at comcast,t to be connected 24/7. we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. . maria: welcome back. president trump's plans for tax reform does not change that you can deduct charitable donations, but that does not mean nonprofits are not co
when "wall street week" when "wall street week" returns.s.s.s.s. returns.s.s.s.s. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running...
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when "wall street week" when "wall street week" returns.s.s.s.s. the bathroom.things go wrong here, you remember. quilted northern is designed to work so well, you can forget your bathroom trips. but sir froggy can never forget. "i used to be a prince. but no princess would kiss me now." . maria: welcome back. president trump's plans for tax reform does not change that you can deduct charitable donations, but that does not mean nonprofits are not concerned. lowering the top rate to 35% means charities could be on the verge of losing $13 billion a year. ken langone is well known for his philanthropy, contpations to the nyu langone medical center and world renowned and saved countless lives. it's not just nyu langone medical center you spent so much of your time and money but education, which we're going to get to. and full disclosure, i'm on the board of nyu and proud of that. what do you think of the tax plan they're talking about? ken: i think at the end of the day, they'll leave it alone. the damage that will be done to charities, in my case it doesn't matter.
when "wall street week" when "wall street week" returns.s.s.s.s. the bathroom.things go wrong here, you remember. quilted northern is designed to work so well, you can forget your bathroom trips. but sir froggy can never forget. "i used to be a prince. but no princess would kiss me now." . maria: welcome back. president trump's plans for tax reform does not change that you can deduct charitable donations, but that does not mean nonprofits are not concerned....
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Jun 8, 2017
06/17
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on the left, occupy wall street. the democratic congress vowed that main street taxpayers must never again pay the price for the recklessness of some on wall street. i don't paint everybody there with the same brush. but many on wall street, that predatory lenders and profit tears had abused american -- profit ears had abused american -- profitiers had abused americans for far too long. we enacted dodd-frank. critical reforms to protect hardworking americans and to assist, insist on accountability from wall street. the consumer financial the cfpb has returned nearly $12 billion worth of compensation to 29 million wronged americans, any of them seniors. many of them seniors. with this bill, the republicans would undo these safeguards, take our country back to the days of massive taxpayer bailouts. we cannot let that happen. our republican colleagues have named this dreadful legislation, this wall street first legislation, the choice act. the choice act to prey on investors, to prey on consumers, to prey on taxpayers.
on the left, occupy wall street. the democratic congress vowed that main street taxpayers must never again pay the price for the recklessness of some on wall street. i don't paint everybody there with the same brush. but many on wall street, that predatory lenders and profit tears had abused american -- profit ears had abused american -- profitiers had abused americans for far too long. we enacted dodd-frank. critical reforms to protect hardworking americans and to assist, insist on...
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Jun 10, 2017
06/17
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CSPAN2
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main street versus wall street. if you make me make a choice i am with main street. i know the radicals are against this bill. the radicals like the v.f.w. i'll just read what they said. if enacted the financial choice -- financial choice act of 2017 would put those who have taken an oath to defend this country, end our way of life in financial harm's way. in light of this number, half of the nearly 1.7 million members of the v.f.w. and its auxiliary, i call on you to oppose h.r. 10. the other radical group that opposes this bill is the aarp, representing 38 million americans. and the communication workers of america with 700,000 members . and the brotherhood of teamsters representing i think 900,000. and of course the california teachers association, which represents 900,000 people who also invest $202 billion in our country. all that being said, i guess -- i'm shocked that i'm sitting here thinking that the dodd-frank act is some kind of a failure. bottom line is we put an end to the wild west of wall street and we're on to a nice, steady playing field. we should b
main street versus wall street. if you make me make a choice i am with main street. i know the radicals are against this bill. the radicals like the v.f.w. i'll just read what they said. if enacted the financial choice -- financial choice act of 2017 would put those who have taken an oath to defend this country, end our way of life in financial harm's way. in light of this number, half of the nearly 1.7 million members of the v.f.w. and its auxiliary, i call on you to oppose h.r. 10. the other...
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maria: welcome back to "wall street week". i'm with ken langone, a person who decades ago had the vision to be one of the founders of home depot. where are his opportunities right now? the private company, family office, quasi family office, tell us what you're invested at. where do you see growth in the economy right now? ken: let me give you something generally first. i wish i was 21 again. i think the opportunities in america in the next 25 years, no matter how hard our politicians try to screw it up, the opportunities are phenomenal. so where am insting? i love the public storage business. why? older people are downsizing. they got to store stuff. younger people are in starter apartments where they haven't got enough closet space, they're storing stuff. it's a mom-and-pop business. maria: a practical business, sounds boring. ken: i love boring businesses. i love boring businesses. maria: okay, okay. ken: 83% of them are independently owned. there's a great opportunity. i love low income housing because there's a great need
maria: welcome back to "wall street week". i'm with ken langone, a person who decades ago had the vision to be one of the founders of home depot. where are his opportunities right now? the private company, family office, quasi family office, tell us what you're invested at. where do you see growth in the economy right now? ken: let me give you something generally first. i wish i was 21 again. i think the opportunities in america in the next 25 years, no matter how hard our politicians...
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when "wall street week" returns.s.s.s.s.hen i first started working with capital one, my dad called them up and asked for "the jennifer garner card" which is such a dad thing to do. after he gave his name the woman from capital one said "mr. garner, are you related to jennifer?" kind of joking with him. and my dad was so proud to tell her, "as a matter of fact, she is my middle daughter". so now dad has the venture card, he's earning his double miles, and he made a friend at the company. can i say it? go ahead! what's in your wallet? nice job dad. of being there for my son's winning shot. that was it for me. that's why i'm quitting with nicorette. only nicorette mini has a patented fast dissolving formula. it starts to relieve sudden cravings fast. every great why needs a great how. . maria: welcome back. president trump's plans for tax reform does not change that you can deduct charitable donations, but that does not mean nonprofits are not concerned. lowering the top rate to 35% means charities could be on the verge of los
when "wall street week" returns.s.s.s.s.hen i first started working with capital one, my dad called them up and asked for "the jennifer garner card" which is such a dad thing to do. after he gave his name the woman from capital one said "mr. garner, are you related to jennifer?" kind of joking with him. and my dad was so proud to tell her, "as a matter of fact, she is my middle daughter". so now dad has the venture card, he's earning his double miles, and...
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Jun 8, 2017
06/17
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BLOOMBERG
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relatively even keeled, and consultants are even keeled, so you seem to be an even keeled guy, but wall streets are thought to be people who throw things at walls, scream, yell, and slam phones down. so is that image wrong? or have you just succeeded even though you are low-key, or do you actually throw things as well? [laughter] james: you seem modest and controlled in your personality. aren't you used to ceos who are throwing things? james: i think if you are the seventh of 12 children, you don't want to be the thrower. that is not going to end so well. no, i think part of it is honestly just personality and that probably helps shape you. your family obviously does. but i think these businesses have been on a 30-year transition from very tightly held private partnerships where frankly, more extreme the personal behavior, taking more risk because it's your own money, etc., etc., was par for the course. versus now, these are big global corporations. we are relatively small among the big banks here. we have $2 trillion of client assets. we have $1 trillion balance sheet, 55,000 employees all ov
relatively even keeled, and consultants are even keeled, so you seem to be an even keeled guy, but wall streets are thought to be people who throw things at walls, scream, yell, and slam phones down. so is that image wrong? or have you just succeeded even though you are low-key, or do you actually throw things as well? [laughter] james: you seem modest and controlled in your personality. aren't you used to ceos who are throwing things? james: i think if you are the seventh of 12 children, you...
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Jun 11, 2017
06/17
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david: wall street ceo's are thought to be people who throw things at walls, scream and yell.ames: i think if you are the seventh of 12 children, you don't want to be the thrower. david: are you in favor of repealing dodd-frank? james: that is a terrifying but actually to start again, because what will replace it? the world doesn't want the large banks to be unregulated. david: you have been a ceo for seven years. that is pretty long. james: what are you telling me, david? [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? james, thank you very much for doing this. james: honored to be here, david. david: now you have an accent compared to me. maybe in australia, you don't have an accent, but you have
david: wall street ceo's are thought to be people who throw things at walls, scream and yell.ames: i think if you are the seventh of 12 children, you don't want to be the thrower. david: are you in favor of repealing dodd-frank? james: that is a terrifying but actually to start again, because what will replace it? the world doesn't want the large banks to be unregulated. david: you have been a ceo for seven years. that is pretty long. james: what are you telling me, david? [laughter] >>...
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Jun 13, 2017
06/17
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one other story that the "wall street journal" is reporting on today. the u.s.ecret service has no audio copy or transcripts of any tapes recorded within president trump's white house according to the agency. the appearance of those tapes have caused a lot of speculation and questions in the press. the "wall street journal" noting that the agency's response freedom of information doesn't exclude possibility that the recordings could have been recorded by another entity. if you want to read more on that reporting and that story it's in the "wall street journal." that will do it for open phones but next we turn to the issue of paid family leave with tuesday round table discussion. we'll be joined aparna mathur of the american enterprise institute and isabel saw little of the brookings institution. coming up in our 9:30 to 10:00 session, we'll focus on uber. wild ride inside uber's request. ♪ >> in case you missed it on c-span retired general gerald callaway on the possible threat of kim jong-un. >> but you-- climate change. >> if you go back to field whether terra
one other story that the "wall street journal" is reporting on today. the u.s.ecret service has no audio copy or transcripts of any tapes recorded within president trump's white house according to the agency. the appearance of those tapes have caused a lot of speculation and questions in the press. the "wall street journal" noting that the agency's response freedom of information doesn't exclude possibility that the recordings could have been recorded by another entity. if...
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Jun 8, 2017
06/17
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main street versus wall street. if you make me make a choice i am with main street. i know the radicals are against this bill. the radicals like the v.f.w. i'll just read what they said. if enacted the financial choice -- financial choice act of 2017 would put those who have taken an oath to defend this country, end our way of life in financial harm's way. in light of this number, half of the nearly 1.7 million members of the v.f.w. and its auxiliary, i call on you to oppose h.r. 10. the other radical group that opposes this bill is the aarp, representing 38 million americans. and the communication workers of america with 700,000 members . and the brotherhood of teamsters representing i think 900,000. and of course the california teachers association, which represents 900,000 people who also invest $202 billion in our country. all that being said, i guess -- i'm shocked that i'm sitting here thinking that the dodd-frank act is some kind of a failure. bottom line is we put an end to the wild west of wall street and we're on to a nice, steady playing field. we should b
main street versus wall street. if you make me make a choice i am with main street. i know the radicals are against this bill. the radicals like the v.f.w. i'll just read what they said. if enacted the financial choice -- financial choice act of 2017 would put those who have taken an oath to defend this country, end our way of life in financial harm's way. in light of this number, half of the nearly 1.7 million members of the v.f.w. and its auxiliary, i call on you to oppose h.r. 10. the other...
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Jun 7, 2017
06/17
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CSPAN
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wall omised an end to street bailouts. they promised to protect consumers. seven years later we know that these promises never came true. due to dodd-frank's wall excessive outs. regulatory burden, big banks are getting bigger while small banks and credit unions are disappearing. they have only been six new bank charters since dodd-frank, a drastic decline from the 170 on average per year before the bill. in fact, 43% of the banks with assets under $1200 million have disappeared. -- $100 million have disappeared. large banks survived because hey can afford armies of lawyers to understand dodd-frank regulations. in 2010 goldman sachs c.e.o. even suggested his bank would be among the biggest beneficiaries of dodd-frank. but for community banks with community budgets the effects of the law have been devastating. dodd-frank also failed to address the too big to fail problem. under the new law, big banks are -- under dodd-frank big banks are growing larger and taxpayers are still responsible for bailing them out. furthermore, dodd-frank has made access to banking
wall omised an end to street bailouts. they promised to protect consumers. seven years later we know that these promises never came true. due to dodd-frank's wall excessive outs. regulatory burden, big banks are getting bigger while small banks and credit unions are disappearing. they have only been six new bank charters since dodd-frank, a drastic decline from the 170 on average per year before the bill. in fact, 43% of the banks with assets under $1200 million have disappeared. -- $100...
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Jun 10, 2017
06/17
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wall street. if you make me make a choice i with main street to.i know the radicals are against the bill i will read the vfw after interest rates will put those who have taken the oath to defend this country tend our way of life is in financial harm sway. in behalf of the 1.7 million berbers thiokol on you to oppose h.r. 10. the other radical group is the of aarp representing 30 million americans and communications workers of america and the brotherhood of teamsters representing 900,000 in the teachers' association also with those who invested $202 billion into our country. i am shocked thinking that this is some kind of a failure to be on to a nice steady plainfield we should not throw out. >> mr. chairman apparentlyso ope he also forgot about the big w wall street banks oppose this and now i am happy to yield the gentleman from north carolina. >> thank you for your leadership by support finanical choice act for reasons under dodd/frank north carolina has lost 50 percent of our banks since 2010 while three banks have consolidated justin the last m
wall street. if you make me make a choice i with main street to.i know the radicals are against the bill i will read the vfw after interest rates will put those who have taken the oath to defend this country tend our way of life is in financial harm sway. in behalf of the 1.7 million berbers thiokol on you to oppose h.r. 10. the other radical group is the of aarp representing 30 million americans and communications workers of america and the brotherhood of teamsters representing 900,000 in the...
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Jun 14, 2017
06/17
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CSPAN3
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now he's deregulating wall street. my deal of financial institut n institutions are too big to fail, it is time to break them up. now mr. chairman with a cabinet of billionaires, it should come as to no surprise that the budget that president trump has proposed written by the billionaire class and for the billionaire class. frankly, this budget that we recently received is the most antiworking class budget, the most destructive budget in the modern history of america. this budget follows the footsteps of the trump ryan healthcare bill which gives massive tax breaks to the people on top and 23 million americans off of health insurance cuts, medicaid by over $800 billion. the trump's budget and i hope to be questioning mr. mnuchin about this. devastating pains of the millions of families by cutting this and slashing and making massive cuts to affordable housing, by doing away with programs, life and death programs for working families. guess what, guess what? as part of the budget, we are looking at $3 trillion in tax br
now he's deregulating wall street. my deal of financial institut n institutions are too big to fail, it is time to break them up. now mr. chairman with a cabinet of billionaires, it should come as to no surprise that the budget that president trump has proposed written by the billionaire class and for the billionaire class. frankly, this budget that we recently received is the most antiworking class budget, the most destructive budget in the modern history of america. this budget follows the...
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Jun 17, 2017
06/17
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FBC
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the "wall street week." here is maria bartiromo. maria: welcome to "wall street week." the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo coming to you from the site of the u.s. open in wisconsin. here it's erin hills. we'll talk trade and tax reform. but first a look at some of the big headlines impacting everything from wall street to main street this past week. the federal reserve hiked interest rates for the third time this year. the labor market will continue to strengthen in america. the markets had a mixed response to yellen's press conference. the dow, the nasdaq, s & p 500 closing mixed for the week. a huge deal announced friday. amazon is acquiring whole foods. the deal values whole foods stock at $40 a share. the move pushes amazon fully into the grocery space. and the tragic news out of washington, a deranged gunman who hated donald trump and the gop opened fire on republican congressmen during a baseball practice in alexandria, virginia. the gunman wounding congressman steve scalise and wounding four o
the "wall street week." here is maria bartiromo. maria: welcome to "wall street week." the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo coming to you from the site of the u.s. open in wisconsin. here it's erin hills. we'll talk trade and tax reform. but first a look at some of the big headlines impacting everything from wall street to main street this past week. the federal reserve hiked interest rates for the third...
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Jun 24, 2017
06/17
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FBC
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the all new "wall street week." maria: welcome to "wall street week," the program that analyzes the week that was and. hes position you for the -- helps position you for the week ahead. carley fiorina is my special guest. but first we have some of the big headlines from wall street to main street. reporter: busy week on wall street with more uncertainty out of washington as well as a new downturn in oil prices that puts pressure on the markets. oil down 20% since the start of the year. the healthcare stocks accounting for big gains. the dow and s & p finishing higher for the week. as for that senate healthcare bill, the political fight is already on. four republican senators said they won't support the bill. it makes cuts to medicaid and eliminates nearly all the obamacare taxes. democrats labeling the proposal as a giveaway for the rich. it was a bumping week for uber with its ceo resigning. they blame kalanick for the p.r. problems. the company yet to name replacements. qatar airways plans to purchase a stake in a
the all new "wall street week." maria: welcome to "wall street week," the program that analyzes the week that was and. hes position you for the -- helps position you for the week ahead. carley fiorina is my special guest. but first we have some of the big headlines from wall street to main street. reporter: busy week on wall street with more uncertainty out of washington as well as a new downturn in oil prices that puts pressure on the markets. oil down 20% since the start...
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Jun 30, 2017
06/17
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so that's just broken tonight in "the wall street journal." in addition to that very big new news tonight, here's something about the fight over this investigation. i tried to give a little heads up about this on last night's show. we flagged this letter from the republican chairman of the senate judiciary committee, chuck grassley, and senator lindsey graham, they wrote a letter to the fbi requesting the fbi hand over all its warrants requests, all its draft warrant requests that they issued so far in their russia investigation and in the investigation into whether the trump campaign colluded with russia. they also have demanded to see the response that the courts have given after the fbi has made these requests for warrants. now, as i said last night, what lindsey graham and chuck grassley appear to be up to with this request is not only attempting to lay bare everything the fbi is working with in their investigation, but it would appear to be part of them trying to discredit and say it all stemmed from that famous dossier of allegations aga
so that's just broken tonight in "the wall street journal." in addition to that very big new news tonight, here's something about the fight over this investigation. i tried to give a little heads up about this on last night's show. we flagged this letter from the republican chairman of the senate judiciary committee, chuck grassley, and senator lindsey graham, they wrote a letter to the fbi requesting the fbi hand over all its warrants requests, all its draft warrant requests that...
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Jun 30, 2017
06/17
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"wall street journal" with that story. "new york times," front page of their paper this morning, medicaid data as to hurdle for health bill. projected medicaid spending under a senate republican bill to repeal the affordable care act would be 30% lower after two decades, according to the congressional budget office, which detail how medicaid changes would cut more deeply as they go fully into force. the budget office analysis created a fresh challenge for republican leaders as they try to muster support for their bill even as senators scattered to their home states for a 10-day july fourth recess. and then the front page of "the wall street journal," trump's travel ban goes into effect and "the new york times" -- "the wall street journal" reporting under the new rules issued by the white house, a sister or husband of an american citizen wouldn't fall under this travel ban. but an aunt or a grandparent would. and then late on thursday, the administration reversed course and included people engaged to be married on the list
"wall street journal" with that story. "new york times," front page of their paper this morning, medicaid data as to hurdle for health bill. projected medicaid spending under a senate republican bill to repeal the affordable care act would be 30% lower after two decades, according to the congressional budget office, which detail how medicaid changes would cut more deeply as they go fully into force. the budget office analysis created a fresh challenge for republican leaders...
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thug i mean there's no other way to describe these predators or their wall street predators they are thugs who have taken these people's pension programs they've taken their lives savings and now they're complaining that you know that they don't have anything that they had nothing to do with the financial state of puerto rico they have nothing to do with the potential of bankruptcy here what is your take how bad was the predatory system that was coming directly from the united states wall street when we let these criminals these banking criminals go down to puerto rico and do what they want to do what's your take. well i tell you what we're nother example we opened the door for allowing some of this to happen the one nine hundred forty act which is the act that prohibits affiliated transactions within companies so if you take scent in there that you mentioned or some of the other broker dealers on the island it alleviates those chinese walls so it has put fertilizer down it planted the fields for this type of conduct where these firms came in in recommended that well why did they rec
thug i mean there's no other way to describe these predators or their wall street predators they are thugs who have taken these people's pension programs they've taken their lives savings and now they're complaining that you know that they don't have anything that they had nothing to do with the financial state of puerto rico they have nothing to do with the potential of bankruptcy here what is your take how bad was the predatory system that was coming directly from the united states wall...
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Jun 5, 2017
06/17
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WCAU
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the choice -- insider wall street politics or main street, new jersey, values.here are mom and dad? 'saved money on motorcycle insurance with geico! goin' up the country. love mom and dad' i'm takin' a nap. dude, you just woke up! ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle, great rates for great rides.
the choice -- insider wall street politics or main street, new jersey, values.here are mom and dad? 'saved money on motorcycle insurance with geico! goin' up the country. love mom and dad' i'm takin' a nap. dude, you just woke up! ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle, great rates for great rides.
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Jun 13, 2017
06/17
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CSPAN2
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>> i had already been a reporter at "the wall street journal" for 20 years.ut the last ten of those years i had been a computer hobbyist, some of the older privative computers that were around at that time, learning how to program, how to slaughter inside of them because you hav had to o that kind of stuff in those days and, you know, i had no computer science background i just kind of got hooked on it, and i realized that although computers have been around for a little while by then, the day were still not many in the hands of average people, not none, but not many. and then, to master them and be able to get usefulness out of them took way too much time and effort. you have to kind of become a techie. i decided that there was a column in championing average people who never wanted to be and in challenging the companies in the industry to serve those people, so i proposed the column for "the wall street journal" and they bought it so that is why i made the transition. >> the first column of 1991 was about personal computers and how hard they were to use. ha
>> i had already been a reporter at "the wall street journal" for 20 years.ut the last ten of those years i had been a computer hobbyist, some of the older privative computers that were around at that time, learning how to program, how to slaughter inside of them because you hav had to o that kind of stuff in those days and, you know, i had no computer science background i just kind of got hooked on it, and i realized that although computers have been around for a little while...
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Jun 10, 2017
06/17
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so i proposed that to the wall street journal and they bought it. that's why i made the transition. >> your first column in 1991 was about personal computers and how hard they work to use. >> yet. >> has that changed over the years? >> yeah, it has gotten better. one reason is because the industry got the memo. it wasn't just me. other people wrote similar kinds of columns. they worked to make it easier and then i think consumers have gotten more sophisticated. the real personal computer that people use most today, as you of asis not what we think a pc or mac, it is your phone. and that -- you can we have both seen this in our lives -- you can hand it to a child and it is not hard for them to figure out the phone. but if you ask a child to type in the demands of .dos, they could not do that. so the gap has narrowed tremendously. with new technologies coming all of the time, i believe we are going to see, in the next five or 10 years, a burst of new stuff. virtual reality, augmented reality, artificial intelligence. and i think all kinds of new ways
so i proposed that to the wall street journal and they bought it. that's why i made the transition. >> your first column in 1991 was about personal computers and how hard they work to use. >> yet. >> has that changed over the years? >> yeah, it has gotten better. one reason is because the industry got the memo. it wasn't just me. other people wrote similar kinds of columns. they worked to make it easier and then i think consumers have gotten more sophisticated. the real...
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Jun 5, 2017
06/17
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BBCNEWS
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so out the crooks on wall street soi out the crooks on wall street so i think we do a pretty good jobso many unions and millions of working people throughout my country. do you still call yourself a democratic socialist? absolutely. for you, redistribution isa for you, redistribution is a key to economic reform? i think, stephen, is a key to economic reform? ithink, stephen, that from an economic and moral — the pope, pope francis, who have a lot of respect for, raises this issue on a very profound way — we as a nation, my country, has got to ask ourselves about the morality of the situation where the top one tenth of 1% now owns more wealth or as much wealth as the bottom 90%. where 52% of all new income goes to the top 1%. where globally the top 1% now owns more wealth than the bottom 99%. iam more wealth than the bottom 99%. i am less interested in the top 1%, all0.1% i am less interested in the top 1%, all 0.1% billionaires and multi— millionaire ‘s, iam and multi— millionaire ‘s, i am interested in professional people who, in the united states, might be earning $100,000 a year, i
so out the crooks on wall street soi out the crooks on wall street so i think we do a pretty good jobso many unions and millions of working people throughout my country. do you still call yourself a democratic socialist? absolutely. for you, redistribution isa for you, redistribution is a key to economic reform? i think, stephen, is a key to economic reform? ithink, stephen, that from an economic and moral — the pope, pope francis, who have a lot of respect for, raises this issue on a very...
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Jun 2, 2017
06/17
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CSPAN2
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there are folks in wall street who say you're going to take away everything i do. i say, only if your lying and cheating. [cheers and applause] >> if that's your business model, then you are in trouble. if you -- you should be. you should be in trouble. if your whole business model -- let sell people mortgages designed to blow up. like let's sell people grenades with the pins already pulled out. and heat make more money boxing those up and selling them to municipalities so it will blow big things up. and ultimately blew up the whole economy. the reason i say this is because, yes, we need financial sector, of course we need a financial sector, but the financial sector needs rules. rules. rules are what keeps markets working. let me start with teddy roosevelt. i talk about this a little bit in the book. the whole idea, if you let the giants completely dominate and do whatever they want to do, the market actually ultimately collapsed, and i'll make the same point on kind of a large sale. we keep rollling over america's middle class and working family, that great dynam
there are folks in wall street who say you're going to take away everything i do. i say, only if your lying and cheating. [cheers and applause] >> if that's your business model, then you are in trouble. if you -- you should be. you should be in trouble. if your whole business model -- let sell people mortgages designed to blow up. like let's sell people grenades with the pins already pulled out. and heat make more money boxing those up and selling them to municipalities so it will blow...
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Jun 12, 2017
06/17
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CSPAN2
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and so i proposed that column to the "wall street journal," and they bought it. so that's why i made the transition. >> host: and, in fact, your first column in 1991 was about personal computers and how hard they were to use. >> guest: yeah. >> host: has that changed over the years? >> guest: yeah. it's gotten better. for two reasons, one is the industry has gotten the memo, and it wasn't just me, it was a whole bunch of other people who then began to write similar kinds of columns. market forces and other things. they've worked to make it easier. and then i think the consumers have gotten a little more sophisticated. the real personal computer that people use most today, as you know, is not what we think of as a pc or a mac, it's your phone. and that, we've all seen this in our lives, you can hand it to a child x it's not very hard for the child to figure out the phone whereas if you is asked the child to type in the commands of dos, they couldn't do that. so in that sense, the thing has, the gap has narrowed tremendously. however, we have new technologies comin
and so i proposed that column to the "wall street journal," and they bought it. so that's why i made the transition. >> host: and, in fact, your first column in 1991 was about personal computers and how hard they were to use. >> guest: yeah. >> host: has that changed over the years? >> guest: yeah. it's gotten better. for two reasons, one is the industry has gotten the memo, and it wasn't just me, it was a whole bunch of other people who then began to write...
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of the best person to speak of the wall street that is i sit across from them. you know i see the humanity of the people on wall street are working harder now than ever before not knowing whether they could ever move up the ladder and when will this rat race and for the . doctor all didn't pass this exam go psychologists and probably more than anything else. is known for helping people manage i'm certain. and maintain optimal motivation and performance in times of uncertainty. but. it's become a mission for me to help people out there in this rough time because i feel like in my practice as a psychologist my clients are looking to me for answers my dissertation is the first study in the united states conducted in the last fifty years it was called the casualties of wall street and assessment of the walking wounded and my findings basically showed that we are currently in a crisis of connectivity. the only thing. we should not bail out those who made the reckless decision to buy a home they knew they could never afford. that word came up a lot o. greedy homeowner
of the best person to speak of the wall street that is i sit across from them. you know i see the humanity of the people on wall street are working harder now than ever before not knowing whether they could ever move up the ladder and when will this rat race and for the . doctor all didn't pass this exam go psychologists and probably more than anything else. is known for helping people manage i'm certain. and maintain optimal motivation and performance in times of uncertainty. but. it's become...
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Jun 3, 2017
06/17
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FOXNEWSW
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let's bring it-- wall street says new record highs, putting in money for the future of the economic growth, not what president obama did eight years ago. it's for the future and if jessica's studies were right and there's going to be $8 trillion of lost gdp, there's no one in their right mind on wall street that would put money into that. >> it's fascinating. the piece on the startups they were going to struggle because of paris climate agreement and then you have this individual come out and basically say he's running one of the companies, oh, no, our investments are going to be fine. yes, it's disheartening that we're not part of the paris climate agreement, but clean energy, those investments are going to continue because the united states is a leader in terms of innovation, of clean energy, as well as oil and energy production. so, i think that even say that that's going to impact the investment in these companies, i think, is ridiculous and i also think when you're talking about the taxpayers have to foot the pill, $2.5 billion that would have to go to a green climate fund that was no
let's bring it-- wall street says new record highs, putting in money for the future of the economic growth, not what president obama did eight years ago. it's for the future and if jessica's studies were right and there's going to be $8 trillion of lost gdp, there's no one in their right mind on wall street that would put money into that. >> it's fascinating. the piece on the startups they were going to struggle because of paris climate agreement and then you have this individual come out...
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Jun 16, 2017
06/17
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CSPAN2
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he said, i am not going to let wall street get away with murder.o wall street has given tremendoun -- he push language into the republican pat platform quote, we support reinstating the glass-steagall he 1933 which per he said he was the only one in s america who could take on the corrupt political and economic establishment. he said, we are going to send the special-interest packing. where were going to once again have the government, by the people and for the people. those are traumatic statements. here we have a president is going to take on wall street. he was stander for the working families of this country. of those words no doubt must have gotten the billionaire class really nervous. he was saying these things during the campaign. unfortunately as most americans understand all those words of donald trump were never meant to be taken seriously.y, to g it was just campaign rhetoric, good rhetoric i must say, to get votes. ever but nothing he had any intention of implementing. donald trump talked about draining the swamp taken on wall street. he now has more billionaires would be
he said, i am not going to let wall street get away with murder.o wall street has given tremendoun -- he push language into the republican pat platform quote, we support reinstating the glass-steagall he 1933 which per he said he was the only one in s america who could take on the corrupt political and economic establishment. he said, we are going to send the special-interest packing. where were going to once again have the government, by the people and for the people. those are traumatic...
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Jun 2, 2017
06/17
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CSPAN2
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we put a cop on the beat on wall street. right? try to keep it level out there. [applause] >> we regulate the biggest financial institutions. right? you want to be a bank. there's going to be some regulation around that. made it safe to put money in banks, but banks became regulates businesses. part one is we regulate. part two, progressive tax racing, we tax those at the top and use that money to invest in building opportunities, more opportunities. how? we invested in education, big-time. g.i. bill to thank returning soldiers from world war ii. we invested in public education. k through 12. invested in state universities. why do we make these investments in education? because we believe that if you got an education, you could do anything. that was -- dog dog gone we blood that. we invested in infrastructure, roads, national highway, transportation system, bridges, power. power to rural america. why? pause we didn't know what the next great business would we but we were pretty darn sure you would need electricity and roads. so made those investments together so
we put a cop on the beat on wall street. right? try to keep it level out there. [applause] >> we regulate the biggest financial institutions. right? you want to be a bank. there's going to be some regulation around that. made it safe to put money in banks, but banks became regulates businesses. part one is we regulate. part two, progressive tax racing, we tax those at the top and use that money to invest in building opportunities, more opportunities. how? we invested in education,...
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Jun 26, 2017
06/17
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CNBC
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>>> good morning tech and energy front and center wall street kicks off your week. trading day head. >>> $3.5 billion bid on nestle for the largest packaged food maker. details coming up. >>> live in washington president trump hosts indian prime minister "worldwide exchange" begins now. >>> good morning a warm welcome to "worldwide exchange." >> good morning. thank you for having me. >> great to have you with us straight to the global market picture. comes off a flat week for most of the markets dow had four negative days in a row to end the week, ended flat given it had slight gains monday s & p up friday. and nasdaq up a half percent friday 2% for the week. underperforming sek ter was energy and health care, best performing sector up over 3.5%. best week for health care for this calendar year this morning, we are taking a lead around the rest of the world. >>> we have seen gains around the world. start with asia. markets closing higher overnight. hang seng and shanghai, strongest stocks up shy of 1%. oil prices stronger, firmer overnight. part of the reason we saw
>>> good morning tech and energy front and center wall street kicks off your week. trading day head. >>> $3.5 billion bid on nestle for the largest packaged food maker. details coming up. >>> live in washington president trump hosts indian prime minister "worldwide exchange" begins now. >>> good morning a warm welcome to "worldwide exchange." >> good morning. thank you for having me. >> great to have you with us straight to the...
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Jun 10, 2017
06/17
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CSPAN
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wall street is unhappy it has to disinvest of its hedge funds and would like for it to be the case thathey do not have to. host: we are talking with michael konczal of the roosevelt institute. blog named one of the 25 best blogs by time magazine. dawn from wisconsin on our independent line. caller: thank you for taking my call. my understanding was that dodd frank was implemented because of enron, and enron did not have liquidation -- is my understanding. i am wondering what happens with dodd frank repeal of orderly liquidation of say, corporations that embezzle workers' retirement assets like enron? and how congress can have the stock act secrecy and all the embezzlement of asset-backed securities that workers actually earned and corporations and basil, -- embezzled. and dodd frank is not implemented. unilateral settlements are made with the hedge funds and immunity is granted to the corporations who embezzled from the workers. can you explain why that is allowed and why they are trying to repeal the orderly liquidation when no liquidation has been done? guest: in the aftermath of enro
wall street is unhappy it has to disinvest of its hedge funds and would like for it to be the case thathey do not have to. host: we are talking with michael konczal of the roosevelt institute. blog named one of the 25 best blogs by time magazine. dawn from wisconsin on our independent line. caller: thank you for taking my call. my understanding was that dodd frank was implemented because of enron, and enron did not have liquidation -- is my understanding. i am wondering what happens with dodd...
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Jun 14, 2017
06/17
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CSPAN3
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he said, i'm not going to let wall street get away with murder. wall street has caused tremendous problems for us, end of quote. that's an exact quote from donald trump. he included language, pushed language into the republican platform, which i happen to agree with stating, quote, we support reenstating the glass seeing it will act of 1933 which probts commercial banks from engaging in high-risk investment rishd of quote. he said was the only person in america, the only one, who could take on the corrupt political and economic establishment. he said, quote, we are gonna send the special interest packing and we are going to once again have a government of the people, by the people, and for the people, end of quote. wow. those are really dramatic statements. here we have a president who ran -- he's going to take on wall street. he was going to stand up for the working families of this country. an those words no doubt must have gotten the billionaire class really, really nervous because he was taig saying all these things during the campaign. unfort
he said, i'm not going to let wall street get away with murder. wall street has caused tremendous problems for us, end of quote. that's an exact quote from donald trump. he included language, pushed language into the republican platform, which i happen to agree with stating, quote, we support reenstating the glass seeing it will act of 1933 which probts commercial banks from engaging in high-risk investment rishd of quote. he said was the only person in america, the only one, who could take on...
679
679
Jun 2, 2017
06/17
by
BBCNEWS
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it's all thanks to some strong corporate profits and a record close on wall street.xes enjoyed a record close thanks to some forecast—busting jobs numbers. we'll have more on that injust a moment. meanwhile, here in europe, stocks look to be following the upward trend. well, let's hop across the pond and check in with michelle fleury, who has all the details about what's ahead on wall street today. it isa it is a jobs friday in america. the closely watched monthly government report is likely to show us employers added 185,000 jobs in may, signalling that the trend of slow but steady economic growth continues. the unemployment rate is forecast to remain unchanged at 4.4% and it will be interesting to see how wall street reacts. all of the major us indexes closed higher on thursday and donald trump touted this market's strong performance while announcing his decision to withdraw the us from the paris climate accord. but analysts said the rise in the market was not actually due to that. instead, investors had already factored that in. it was, in fact, investors had alre
it's all thanks to some strong corporate profits and a record close on wall street.xes enjoyed a record close thanks to some forecast—busting jobs numbers. we'll have more on that injust a moment. meanwhile, here in europe, stocks look to be following the upward trend. well, let's hop across the pond and check in with michelle fleury, who has all the details about what's ahead on wall street today. it isa it is a jobs friday in america. the closely watched monthly government report is likely...