| 00:00:40 |
Unidentified Speaker, -
PRESS AHEAD, THINKING A REPUBLICAN WOULD NOT BE ABLE TO STAND IN THE WAY. DO YOU AGREE WITH THAT ANALYSIS? DO THE REPUBLICANS MISHANDLE THIS BILL? >>...
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| 00:01:00 |
Unidentified Speaker, -
FORWARD. WE HAVE A SERIOUS OF AMENDMENTS ADDRESSING SOME OF THE VERY SERIOUS PROBLEMS THE BILL HAS. THE BILL IN ITS PRESENT FORM IS GETTING WORSE, RATHER...
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| 00:02:29 |
Unidentified Speaker, -
HOW IS
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| 00:02:33 |
Unidentified Speaker, -
THIS PLAY FOR NOVEMBER? >> I DO NOT THINK MOST AMERICANS HAVE REALLY STUDIED THE INTRICACIES
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| 00:02:41 |
Unidentified Speaker, -
OF DERIVATIVES,
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| 00:02:44 |
Unidentified Speaker, -
OR THE COMPLEXITIES OF HOW THE FED REGULATES THE BANK OR HELD THE OCC RELATES TO THE OTF. MY FEELING IS MOST AMERICANS ARE UPSET WITH WALL STREET, CONCERNED...
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| 00:03:36 |
Unidentified Speaker, -
THAT YOU AND OTHER REPUBLICANS ARE CONCERNED ABOUT IS THE DERIVATIVES PORTION OF THE BILL -- THIS IS VICTORIA. WILL THERE BE FOR THEIR ATTEMPTS TO ADDRESS...
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| 00:04:06 |
Unidentified Speaker, -
MANY CLUSTERS MAY NOT UNDERSTAND WHAT A DERIVATIVE DISH. IT IS BASICALLY INSURANCE. IF YOU ARE MANUFACTURING A WIDGET ON MAIN STREET, AND SELLING IT...
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| 00:06:54 |
Unidentified Speaker, -
AN AMENDMENT TO ADDRESS THE ISSUE YOU'RE TALKING ABOUT THE? >> >> WE DO NOT INTEND TO OFFER ONE. >> BUT HAVE YOU HEARD THE DEMOCRATS WILL THE? >> NECK,...
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| 00:07:08 |
Unidentified Speaker, -
THEY DO, WOULDN'T THAT BE IRONIC --
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| 00:07:11 |
Unidentified Speaker, -
NO,
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| 00:07:14 |
Unidentified Speaker, -
WOULDN'T THAT BE IRONIC THOUGH THE? >> I WAS GOING TO ASK ABOUT FANNIE AND FREDDIE. ONE OF THE MAIN CRITICISMS IS THAT IT DOES NOT ADDRESS THE QUESTION...
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| 00:07:25 |
Unidentified Speaker, -
DO ABOUT FANNIE MAE AND FREDDIE MAC. JOHN MCCAIN MOVED AN AMENDMENT YESTERDAY TO FORCE THE ISSUE HERE. IT WAS DEFEATED. YOU SAID YOU THOUGHT THE BILL...
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| 00:07:57 |
Unidentified Speaker, -
THE ESSENCE OF THE PROBLEM WE HAD, BASICALLY REALISTIC PROBLEM. THE REAL ESTATE LOANS THAT COULD NOT BE SUPPORTIVE BECAUSE THERE WERE NOT PROPERLY AND...
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| 00:09:48 |
Unidentified Speaker, -
FANNIE AND FREDDIE. IF IT WERE PASSED, IT WOULD CAUSE THE ECONOMY TO A TANK SEARCY'S THAT IS HARD TO SAY WHEN THE BILL SAYS NOTHING ABOUT FANNIE AND...
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| 00:11:20 |
Unidentified Speaker, -
THE REPUBLICANS HAVE MADE ANY STRATEGIC ERROR AND HOW THEY WERE NEGOTIATING WITH SENATOR DODD? OR SHOULD THEY HAVE ACCEPTED WHAT SENATOR BOB CORKER...
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| 00:11:38 |
Unidentified Speaker, -
IT. IS THE WAY IT IS. WE ARE WHERE WE ARE. I THINK THE BILL STARTED GOING SOUTH WHEN THE WHITE HOUSE DECIDED TO PULL PEOPLE BACK FROM NEGOTIATIONS ON...
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| 00:12:30 |
Unidentified Speaker, -
THAT PROPOSAL AND A SERIES OF STEPS, THE LAST YESTERDAY WHEN THE SENATE VOTED TO KEEP SMALL BANKS UNDER THE FEDERAL RESERVE'S SUPERVISION. WHAT DID YOU...
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| 00:12:58 |
Unidentified Speaker, -
THE FEDERAL RESERVE IS AS GOOD A REGULATOR AS ANY OTHERS. YOU'RE MOVING DECK CHAIRS AROUND BY DOING THAT. THE FED HAS THE RESOURCES AND EXPERTISE TO...
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| 00:14:53 |
Unidentified Speaker, -
OF THE WEEK -- WERE TALKING, ABOUT FINANCIAL REGULATION, AND AS THIS MOVES FORWARD THIS WEEK IT WILL CONTINUE. >> ANOTHER ISSUE IN THE HEADLINES HAS...
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| 00:15:09 |
Unidentified Speaker, -
THE DEFICIT AND THE NATIONAL DEBT HAS BEEN AN ISSUE YOU HAVE BEEN INVOLVED WITH IN THIS COUNTRY. TO WHAT EXTENT SHOULD THIS BE A WARNING SIGN FOR THE...
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| 00:15:33 |
Unidentified Speaker, -
VEGAS-TYPE NEON SIGN THAT SAYS TO STOP YOUR DOING, AMERICA. ALL STOP RUNNING UP THE DEBT IN PASSING IT ON TO THE NEXT GENERATION. IF NOT, YOU WILL END...
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| 00:18:15 |
Unidentified Speaker, -
WHERE SHOULD CONGRESS MAKE THE FIRST BIG CUTS? >> WE SHOULD CUT EVERYWHERE. WHERE THE MONEY IS
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| 00:18:25 |
Unidentified Speaker, -
IS IN ENTITLEMENTS. AS A PRACTICAL MATTER, THE MAJOR ONES ARE MEDICARE AND SOCIAL SECURITY AND MEDICAID. THE PROBLEM WE HAVE IS THE LAST HEALTHCARE BILL,...
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| 00:20:26 |
Unidentified Speaker, -
YOU PESSIMISTIC, ARE OPTIMISTIC ABOUT THE COMMITTEE COMING UP WITH A SOLUTION? >> IT HAS BEEN DEALT SOME TOUGH CARS BECAUSE OF THE HEALTHCARE BILL TAKING...
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| 00:20:39 |
Unidentified Speaker, -
TABLE THE SPENDING. IF YOU LOOK OF A LIABILITY, $7 TRILLION FOR GOVERNMENT, THE VAST MAJORITY IS IN HEALTH CARE ACCOUNTS. I'M NOT SURE HOW MUCH MORE...
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| 00:22:22 |
Unidentified Speaker, -
CHANGES -- IS INCREASING? OR IS IT STILL A BIG HURDLE? >> IT IS A HUGE HURDLE. UNFORTUNATELY, I NOT ONLY DO NOT SEE THE WILL HERE TODAY IN THIS CONGRESS,
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| 00:22:37 |
Unidentified Speaker, -
BUT JUST THE OPPOSITE. THIS CONGRESS IS SPENDING MONEY LIKE THERE IS NO TOMORROW. IT IS ADDING MASSIVE AMOUNTS ON THE DISCRETIONARY SIDE. IT CREATED THIS...
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| 00:24:53 |
Unidentified Speaker, -
SENATOR ON TAX REFORM AND OTHER ISSUES. U.S. SOMEONE WHO IS ALSO RETIRING, AND SAYING THERE IS -- THIS ELECTION CYCLE COMING UP WHO NOT TOE THE PARTY...
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| 00:25:34 |
Unidentified Speaker, -
AND PURPOSE. YOU CANNOT DO MUCH UNLESS YOU'RE WILLING TO GO ACROSS THE AISLE. IT IS USUALLY 60 VOTES. ON BIG, COMPLICATED ISSUES, THE AMERICAN WILL NOT...
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| 00:27:36 |
Unidentified Speaker, -
WHO DO REACH ACROSS THE AISLE SUFFER CONSEQUENCES IN THE PRIMARIES. >> THERE IS A LOT OF TRUTH TO THAT. PRIMARIES ARE USUALLY DOMINATED BY THE IDEOLOGICAL...
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| 00:27:47 |
Unidentified Speaker, -
I HAVE BEEN IN MANY PRIMARIES AND SUCCEEDED. YOU JUST HAVE TO MAKE YOUR CASE EFFECTIVELY. >> ANOTHER QUICK QUESTION. DEMOCRATS
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| 00:28:17 |
Unidentified Speaker, -
HAVE ENJOYED A LOT OF SUCCESS IN NEW HAMPSHIRE IN A RECENT TEXAS. AS THE RACE GETS HEATED UP, WHAT IS YOUR PREDICTION? THE YOU THINK THAT REPUBLICANS...
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| 00:28:46 |
Unidentified Speaker, -
A WOUND IN 2006 AND 2008 BY THE REAL ANTIPATHY WHICH IS DEEP, REGARDING THE WAR IN IRAQ. THAT IS WHAT I BELIEVE CAUSED THE MOVEMENT THAT THE DEMOCRATIC...
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| 00:29:51 |
Unidentified Speaker, -
TURN TO OUR TWO REPORTERS FOR A BRIEF WRAP UP. AS BEGIN OF FINANCIAL REGULATION. BUT THE
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| 00:29:58 |
Unidentified Speaker, -
PROSPECT OF THIS PASSING, POSSIBLY AT THE END OF THIS WEEK OR NEXT? >> SENATOR JUDD GREGG SAID IT. HE EXPECTED TO PASS. QUITE A FEW REPUBLICANS WILL...
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| 00:30:12 |
Unidentified Speaker, -
PRODUCT, BUT WE HAVE SEEN SENATOR GRASSLEY, SENATOR SNOWE, AND OTHERS ON THE REPUBLICAN SIDE ALREADY WORKING TO DRAFT THINGS ON KEY ISSUES. YOU'LL SEE...
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| 00:30:37 |
Unidentified Speaker, -
DO WITH PREEMPTING STATE REGULATIONS FOR BANKS AND CONSUMER PROTECTION. THE BIG ONE HAS TO DO WITH THE
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| 00:30:44 |
Unidentified Speaker, -
DERIVATIVES MARKET, HELD IT WILL IMPOSE NEW RULES ON THE GIGANTIC MARKET WHICH IS NOT YET POLICE. THE HAVE NOT REALLY WORKED OUT A COMPROMISE ON WHAT...
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| 00:31:19 |
Unidentified Speaker, -
BEEN CALLED THE VOLCKER RULE TO BAN BANKS, COMMERCIAL BANKS FROM ENGAGING IN PROPRIETARY TRADING. IT IS HOTLY OPPOSED BY THE FINANCIAL INDUSTRY. IT IS...
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| 00:31:57 |
Unidentified Speaker, -
IN THE SENATE, AND THE WORK BEING DONE BY REPUBLICANS AND DEMOCRATS THE? >> THE REPUBLICANS HAVE SUFFERED A NUMBER OF SETBACKS IN THE LAST FEW DAYS....
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| 00:32:12 |
Unidentified Speaker, -
TO DEBATING AND VOTING ON AMENDMENTS, AND REPUBLICANS HAVE MOVED TO A NUMBER THAT HAD BEEN REJECTED. THAT IS FRUSTRATING FOR THEM. HE DID NOT ANSWER...
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| 00:32:52 |
Unidentified Speaker, -
WHEN BOTH SENATOR RICHARD SHELBY, THE RANKING REPUBLICAN, AND LATER SENATOR BOB CORKER FROM TENNESSEE TRIED TO ENGAGE IN NEGOTIATIONS WITH SENATOR...
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| 00:33:44 |
Unidentified Speaker, -
IN THE RELENTLESS REVOLUTION, THIS IS A UCLA PROFESSOR DESCRIBES WHAT CAPITALISM IS A CULTURAL
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.