john made of the republicans outreach to wall street
that seems to be curious i reach out to wall street
uh... but for the republicans aside for a logical
and is a time to catch it
and
john major has gotten himself in a little bit of trouble here
by being very explicit about that
uh... article you've had with the quote article for you mister bainer told
mister dime in the head of j_p_ morgan
uh... congressional republicans had stood up to mister obama zebra stick
current pay
and impose new regulations
they're saying look we were on your side
we try to make sure you got all your petty on wall street
and that you have no new regulations deal
and he did ten years
the republican leader also said he was disappointed
many on wall street
continued to donate money to democrats according to people familiar with the
matter at the wall street journal
on that issue now
eric cantor is also quoted here
he's of course a second i house republican
and the top wall street fund raiser for his party and he said quote i sense a
lot of the satisfaction
a lot of buyer's remorse on wall street
referred out what should give more money democrats on last lecture cycle
anne saying see
now they try to hold you accountable
unilever always count on the republican party
and never hold you accountable
to make sure we got your back
and work
bainer in cantors request
are perfectly legitimate
it if your awash tree banker
anyone of protector pay
and you want to be able to give much risk as you like and you want to give
bailed out by the taxpayer while the republican party's
definitely your part
remember bush is the one that did the bailout they got a lot
or was the architect of the whole bailout was hank paulson
the treasury secretary for bush
and he is the former goldman sachs ito upon all the money to go over size and
j_p_ morgan all those companies so there was tree banker
yellow republicans
there your boys
i'm surprised they donated all the democrats but they do and to be fair in
two thousand eight
wall street exams well
it more specifically securities and investment
industry executives
gave of allah fifteen million dollars
an alien became in four seven million dollars
i think a lot of a war in the simplicial what we all work
enough
the republicans are destroying the economy even if it means
organic you know
did a little tighter regulation the democrats and cetera or better that
happens then these republicans drivers of a plat
having said that now the democrats are in charge even a tiny little better
regulation which isn't very much at all
is apparently
way too much for wall street some of their skin so now again the wall street
journal reporting that through the third quarter campaign finance reports show
that
some major wall street players have begun to increase their share of
donations for the republican party
hutu bank of america which is to give a little bit more the democrats
is now getting a little bit more the republicans an honor
on and on it does and senator phil gramm's also quarter
isabel architect of
that republicans mc
making sure to sell up to the bankers
to collect their paychecks and then go to work for the bankers was here in fact
is exactly what he did
and we told you i'm sure before but i was
uh... white got rich off of that he got rich off of that the company's he
advocated for
through the deregulation one of actually losing billions of dollars but he didn't
really matter the grams because they collect their paychecks and went home
effect phil gramm still i would investment firm of u_b_s_ securities
pelosi
any still collecting paychecks
for driving companies into the ground and deregulating itself
further upon the parties back an advertising saying
hey wall street
were on your side
a great development if you're a democrat 'cause that's terrible parts
of course
the democratic party never miss an opportunity
that miss an opportunity so
democrats are in the press today
talks saying
now all of them
well some of them say
now though we can start wall street
even then the republicans
what are you doing
well that's a problem they're right they're both competing over who can
pleasure wall street more
so here's henry waxman
who i like and other instances but he said
one he makes a case uh... in helping them posted these interviews
uh... during the bailout debate that he
called diamond personally
and a diamond a day ahead of j_p_ morgan quote impressed upon me how much he
needed
spot wax is basically say oregon one updater i called
dot that's some what i've got a blank check what you wanna bought it
during the bailout
pastors why did you do with that
bombarded knitted because if that's what you're doing that arul
and
he said we also the distillers i don't wind up open wall street frank
lautenberg a democrat of new jersey
uh... says that uh...
when asked if it is a politically parallels to you've seen on the side of
wall street
this is i don't think so
i think that a lesser some
really grease behavior
i think they should support bus and i think we should be willing to accept
their now
in other words
we're open for business
give us the money don't get to the republicans
and who cares if we look like whichever you're just will serve your interest
essence
this is the
politicians on both sides say
we don't give it
dad
what you think the the american people
love you've got a nurse and the way we win elections
is by collecting
campaign money
rich donor
and wall street's got a lot of rich donors
we're open for business
and we're having an auction here
the sea
who's going to be the highest bidder and if they give us more money will
supplement if they give them more money will some of the reality is
they're both they've both sides the money bank of america
uski fifty six percent the democrats that earning fifty four percent for the
republicans or vice versa
and given a both sides
and that's why both sides are due to whatever the hell they want
yes there was not get anything out
yeah in you guessed it
but the record expert
they're not open to business for us
it goes on and i represent no white democrat of north carolina chairman the
financial services subcommittee might be rather relevant
holed up in the post is quote
no republican or democrat slant to wall street issues
you're a hundred percent right now
your boat given intro
here you see the stuff anne it gives you almost no hope nyc upbeat
a little fairy you goodbye quoting barney frank who was
you know pat been fighting for finance reform sin some of those regulations in
my opinion if our two week but is the uh... this is doing something
at least he's smart enough to realize that they have made it huge mistake and
the democrats should be happy about that and not going to the press and phone
them oh yea i will do
even better
he said about venus comments
can i help him say that can advise from national t_v_ time to say that
unsurprising tough if that's a good message
but he's pretty make it
frankly i'm glad that he's been out on it
well but you should specter fellow congressmen and senators is a trip to
the democrats do in the banking committee obviously most important
committee in this
regarding the house
they stack it with a lot of the group democrats
who or in close races now what what's that
implication of that
well those people in close races
or in districts that are more conservative supposedly right
and a lot of cases yes they are more kisser
their districts
and since they're in tight races
there need more money
so they put them on the banking company
they put fifteen of them in
so the banking committee no longer is progressive even those controlled by
democrats
it's not a conservative
that those fifteen
wind up voting with the banks y
one day to go back on the heart felt different about about over the past
which is so crazy
but nobody tells them on that but number two
they go back to the banks and go hey look is the most important committee
and i selected big time
where's my pager
so that way
guess what
no strong financial reform
coming out of the banking committee
because the republicans the cursor democrats
working hand-in-hand
and
democratic leadership
putting those democrats an activity
to be able to do just that
and then of course they continue to have no regulation
gonna run amok again and it's gonna blow up on us