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| TIME | SPEAKER | TEXT |
|---|---|---|
| 00:00:35 |
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GOOD AFTERNOON. THANK YOU FOR COMING. I THINK THAT MAYBE A FEW SEATS IN THE FRONT, BUT DON'T HOLD... |
| 00:02:37 |
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THIS IS A FUNKY MIKE. FIRST OF ALL, THIS IS THE WORST RECESSION SINCE THE GREAT DEPRESSION. AT LEAST... |
| 00:03:42 |
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I THINK CERTAINLY PART OF THE BROADER IS INFORMATION. WE HAVE BEEN DOING SOME REPORTING ON IT. WE... |
| 00:05:15 |
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YEAH, I AGREE. |
| 00:05:18 |
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WE CAN HEAR YOU. |
| 00:05:19 |
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IS THIS MIKE ON? IS IT ON NOW? IT IS ON NOW. OKAY. YEAH, I'M GOING TO NOT REPEAT WHAT JUSTIN AND... |
| 00:07:37 |
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THE PRESIDENT AND FACULTY SPEAKING ON WALL STREET TOMORROW. IN PART IN COMMEMORATION IDEAS OF THE... |
| 00:08:11 |
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WELL, I ALWAYS LIKE TO BLAME LARRY SUMMERS. [LAUGHTER] |
| 00:08:21 |
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MY THOUGHT IS I WANT SOMEONE WHO'S NOT IN THE MIDDLE OF THE MIDDLE OF THE MAINSTREAM MEDIA LIKE ME... |
| 00:12:31 |
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I DON'T THINK ANYBODY WAS ADVOCATING DOING NOTHING. THE QUESTION WAS -- |
| 00:12:39 |
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THE CATO INSTITUTE WAS. |
| 00:12:40 |
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THEY WAITED A WHILE. AFTER THEY ARE ALLOCATED THE MONEY, BUT THE ISSUE IS WHO ARE YOU GOING TO BAIL... |
| 00:13:31 |
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WE NEED TO PROTECT THE IDEA THAT THIS IS SOMETHING THAT WE DID IN THE PAST, RIGHT? I MEAN, AND GETTING... |
| 00:15:54 |
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HAVE YOU OR ANYONE ELSE SEEN A MODEL PROGRAM THAT LOOKS HOPEFUL THAT WOULD GO MORE TO THE ROOT OF... |
| 00:16:08 |
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THERE'S A LOT OF IDEAS OUT THERE, AND THERE'S BEEN A LOT OF BACK AND FORTH TODAY. I THINK THE CONCEPT... |
| 00:17:46 |
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ONE POINT THAT I THINK, YOU KNOW, WHEN WE LOOK AT THE FAILURE TO REGULATE THE FINANCIAL SECTOR, THE... |
| 00:18:45 |
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WE ARE ANTICIPATING A SUPREME COURT DECISION ON THAT VERY TOPIC, WHICH MAY OR MAY NOT HELP ADDRESS... |
| 00:19:19 |
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EVERYTHING I'VE SEEN -- WELL, YOU JUST CAN'T TELL AT THIS POINT BECAUSE WHAT THE POLLS ARE SAYING... |
| 00:19:40 |
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I THINK ONE OF THE THINGS I FOUND STRIKING ABOUT 2009, THIS IS SOMETHING I'VE HEARD NAOMI SAID BEFORE,... |
| 00:20:59 |
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I ASSUME THAT WHERE ALL KEYNESIANS HERE OR WHERE IT LEADS THE MOTOR WITH THE IDEA THAT WHAT IS MOST... |
| 00:21:31 |
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I THINK PEOPLE SHOULD DO WHAT'S IN THEIR OWN INDIVIDUAL INTEREST AND THAT IS WHY WE HAVE GOVERNMENT... |
| 00:22:42 |
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I ALWAYS WORRY A LITTLE BIT WE LOOK AT IT FROM THE CONSUMPTION END, BECAUSE SO MUCH, THERE IS AN ... |
| 00:27:03 |
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WHEN WE TALK ABOUT REREGULATION, THERE HAS BEEN A REMARKABLE SET OF REVELATIONS AROUND THE BERNIE... |
| 00:30:47 |
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THAT SHAPED OUR UNDERSTANDING OF THE WORLD AND HOW WE MOVED THROUGH IT. I DID WONDER WHAT THE LONG-TERM... |
| 00:31:10 |
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MY FEAR IS THAT ONE THE WAYS IN WHICH THIS CRISIS, AND THIS YEAR OF RAISED HOPES AND DASHED HOPES,... |
| 00:33:53 |
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WE ONCE KNEW THAT. |
| 00:33:56 |
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THAT'S THE WAY WE HAVE BEEN TOLD TO DEAL WITH THE CLIMATE CRISIS, CARBON TRADING, CABINET TRADE, THAT... |
| 00:34:26 |
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THAT'S KIND OF BECAUSE THIS RISE OF MARKET FUNDAMENTALISM IF YOU WANT TO CALL IT THAT OVER THE PAST... |
| 00:35:55 |
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FURTHER THE POINT OF YOUR BOOK. ONE THE IMPORTANT POINTS ABOUT THESE THEELIES, CORRECT, IS |
| 00:36:02 |
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YUP. |
| 00:36:04 |
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PEOPLE WHO HAD THE THEORIES, THE ACADEMICS, GOT RICH ON THEM. |
| 00:36:09 |
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INCLUDING LARRY SUMMERS. |
| 00:36:11 |
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INCLUDING LARRY SUMMERS. THAT'S PART OF HOW THESE GOOD IDEAS THAT DON'T WORK IN SOCIETY HAVE THE STAYING... |
| 00:36:22 |
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YEAH, AND THAT IS MY ONE CONCERN ABOUT THIS IDEA OF THE REINVENTING OF ECONOMICS. ROBERT THE BIOGRAPHER... |
| 00:36:58 |
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YEAH, BUT IT'S A CRUCIAL POINT. THERE ARE TWO REALLY DISSTRICT AN INTERRELATED COMPONENTS OF REVOLUTION... |
| 00:38:55 |
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OFTEN SAYING THINGS OF THE COMMON SENSE, DRIVING COMMON SENSE OUT OF THE PUBLIC DEBATE THROUGH CREATING... |
| 00:39:04 |
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WELL, IN THE SPIRIT OF BRINGING THE PEOPLE INTO THE CONVERSATION, THOSE OF YOU WHO HAVE QUESTIONS,... |
| 00:39:22 |
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I'VE BEEN READING A BOOK BY THE ITALIAN AUTHOR IN WHICH HE TEACHES ABOUT THE AMOUNT OF MONEY THAT... |
| 00:39:59 |
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WELL SAID. |
| 00:40:02 |
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I MEAN DEFINE CRIMINAL. AND FIRST -- BUT I DON'T. WELL, I DON'T KNOW. I'VE GOT TO SAY I THINK -- YOU... |
| 00:40:17 |
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I DON'T KNOW. BUT I CERTAINLY WOULDN'T SAY THAT I WOULD ASSUME THAT WHAT WAS GOING ON WASN'T CRIMINAL.... |
| 00:40:47 |
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I SHOULD MENTION THAT -- |
| 00:40:49 |
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THERE'S ALSO SOME STRAIGHT UP CRIMINAL MONEY, JUST IN TERMS I'VE SPENT A LITTLE BIT OF TIME IN LATIN... |
| 00:42:02 |
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INDEED. |
| 00:42:05 |
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SIR, THIS IS FOR MS. KLEIN, I'M ALSO CANADIAN. IT'S A LITTLE OFF TOPIC, I WANTED TO TALK ABOUT THE... |
| 00:42:26 |
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IT'S NOT A BOYCOTT. |
| 00:42:27 |
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PROTEST. I'M SORRY. IT'S TO COURAGEOUS BECAUSE YOU DOVE INTO THE WHOLE ISSUE, EVEN THOUGH THAT YOU... |
| 00:42:49 |
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I DIDN'T WRITE THAT. |
| 00:42:51 |
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WE'RE NOT GOING TO CHANGE THE TOPIC. |
| 00:42:53 |
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THANKS FOR COMING. |
| 00:42:54 |
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HOW DO YOU HAVE THE BIG BALLS TO DO THAT? |
| 00:42:57 |
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TAKE THE MICROPHONE AWAY FROM HIM. |
| 00:43:00 |
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THIS IS ON C-SPAN EVERYBODY. |
| 00:43:01 |
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ANY SERIOUS QUESTIONS HERE? |
| 00:43:03 |
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YES, I THINK WE HAVE ONE IN THE BACK THERE. |
| 00:43:08 |
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YES, HI, THE IDEA THAT THE FINANCIAL CRISIS IS FAR FROM OVER, I'D LIKE TO GUYS TO ADDRESS THE IDEA... |
| 00:43:32 |
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YEAH, AGAIN, I DON'T HAVE ANY. I CAN'T REMEMBER NUMBERS LIKE THAT. MY SENSE IS THOSE ARE THE KIND... |
| 00:44:13 |
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WELL, IT'S GOING TO BE. THE BANKS THAT ARE IN THE MOST TROUBLE ARE THE MID SIZED TO SMALLER BANKS.... |
| 00:44:57 |
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I THINK WE CAN GET IN ONE MORE. |
| 00:44:59 |
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I STILL SORT OF BELIEVE IN THE GOOD INTENTIONS OF THE OBAMA ADMINISTRATION. AND MAYBE IT'S PARTIALLY... |
| 00:45:50 |
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FINANCIAL SYSTEM TO THE ESSENTIAL TO THE KIND ECONOMY WE RUN. IN THE RIGHT PLACE, THEY ARE HELPFUL.... |
| 00:46:43 |
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I THINK THE HUGE AMOUNT OF THEIR RESPONSE WAS DRIVEN BY FEAR. AND JUST NOT WANTING TO BE THE ONES... |
| 00:48:53 |
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THAT IS GOING TO BE THE LAST WORD. I WANT TO THANK ALL THE AUTHORS. |
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.
