now been talking on the program for quite a while that chris Christie was
the favored candidate a wall street now turns out that is absolutely true
and now that he's heavily damaged politically in wall street thinks he
might be done maybe they watch The Young Turks earlier in the week when I
declared his basically candidacy for the presidency which is what he was gonna
try to do in 2016 pretty much dead
apparently they sought me agreed and wall street says they need a new
candidate
stuff funny there now looking to buy
a new presidential candidate so let me give you some specifics
where from a great report in a Bloomberg and explain billionaire Wilbur Ross and
by to Paul Ryan over for lunch
Goldman Sachs Group and Wells Fargo & Company
bankers met with Rand Paul at a fundraiser in atlanta
investor Rob are no dropped in
on Ted Cruz so business lovely their
interviewing people or perhaps they're dating them 0
well now that no we're not going to give the money to chris Christie anymore
who should we give the money to well why don't you come in an interview for the
position of President
and if we like you they will give you a lot of money
and you'll be able to overwhelm your other
great candidates the in the Republican
I'm side in the primaries obviously and by the way
Wall Street gave most of its money to who Mitt Romney
in 2012 what are you doing overwhelm the rest the candidates in the Republican
primary
and came out winning that primary okay so they're trying to figure out who the
new Mitt Romney's gonna be
of course in like the port in even more money so that he could win the general
election
are now Jack Oliver explains for annie's national for
finance vice chair for George W Bush it's kinda like dating
everybody is a good time but people are not ready to get married so basically
score and say hey how you doing how much can you do mean for me and favors tax
cuts
deregulation let me run roughshod over the economy
all good way Rampal you can out-compete agrees on then
great we might send you some money okay this is sick
and it's what's happening behind the scenes to determine who's even going to
run
you will get to decide until they decide first
this is the first set up elections it's a donor elections
great Valerie chief political strategist for
Potomac research group explains this tablets min is now looking for another
favor
I'm by the establishment I mean Wall Street now we're John Taft
man John Tavares uses title here second is very relevant
in the in the terms though he represents the financial industry looking for
goodies
taft who is also chairman emeritus of the securities industry and financial
markets Association a lobbying group said he's looking for a candidate who
respects wall street's crucial role
he can hold the dodd-frank Act passed the overhaul regulation after the 2008
global credit crisis
so he saying for small know who you work for
were looking for candidate that realizes and respects our role
and are always your happen boss okay and you do is we tell you
and by the way the first thing we like is free to repeal the thing
they try to fix a little bit just a little bit a what we did wrong in 2008
remember how they crashed economy in 2008
well we tried new title been affixed to it we want to get rid of that
so that we can do it to your we call this a democracy
unfortunately this is a joke man court right now
for three years before the elections wall street's
busy beating Republican politicians the figure on
who's going to be the next president the United States computer did you get to
decide
that's funny or AM I reading this doesn't happen on the democratic side
earlier in the week where was the President Obama
at a fundraiser with billionaire hedge fund managers
in New York City and by the way
in 2008 the largest donors to President Obama
the financial industry believe me they got bets on both sides
and that's why that no doubt frank was and
tiny with a change historic reform what a joke
they watered it down to the poor Paul Walker well
whose a former fed chair who had 0 the Volcker Rule named after me walked away
saying I Boca rule doesn't mean anything anymore they watered down that much
but not good enough they want a new republican canada /url even take away
that stuff
so now while those guys Maurice Hank Greenberg he's a run
and AIG your memory I G the one that we had to bail out for about a hundred and
eighty seven billion dollars
that AIG well I saw no wasn't me I hadn't you know
step down a a little while before the crash
yeah you been doing all that sub all those years
now this guy who rain AG has got never become around so who cares who cares
that you bailed him
my former company out the 1i build the 1i made
all my money of bob you mailed our sorry asses out
those mama by the next president so you bail me out again he says
he's looking for a candidate who can guide the country away from the view
that we should take from the rich
and give it to the poor now it's funny he says that because
look at the very next thing to Bloomberg explains he and hedge fund billionaire
John Paulson bow said
they're impressed by Walker thats Governor Walker in Wisconsin
who curb Wisconsin's public employees collective bargaining rights
and propose cutting taxes by more than five hundred million dollars
in other words they're looking for a candidate who'll take from the poor and
the middle class
and redistribute it to the rich by a hundred million dollars in tax cuts for
the rich
and where you are you the money from somewhere sorry we just killed your
collective
a bargaining rights so labor will now make less money
manageable will make more money and why law
that's what happens when you buy candidates as they are now in the market
to do
this is amazing man do you know that already in 2014
the house and senate candidates have gone from just the securities and
investment industry
for repeat million dollars
the races had barely begun thanks for all the way in November or
for everything from March they already spent $48 million dollars
in preemptive purchases ok congressmen and senators
okay now my paper call comes from Jack all over again
sokaya who was the finance vice chairman for bush
wall street people they want to invest
and they wanna see a return on investment
boy that nails it right there in a nutshell that discredit describes the
current
American political system Wall Street wants
at invest in candidates and they wanna return on investment
on the national level democracies already gone
if you don't get about a large share come join us how to walk back at Wabash
back to calm
and help solve this problem at the state level
and you can do it the founding fathers were geniuses
they put something in there call article five in the constitution
they said Washington at some point we'll get to corrupt you'll need the state's
to override them to call for convention only to propose
specific amendments in this case the clear amendment that we need is to get
money out of politics
and luckily the founding fathers already put an avenue in there to do it without
using Washington
at all but we gotta hurry we had to go do it at the state level before they buy
every single politician in the country right now they're shopping for a
presidential candidate
that will do their bidding eventually after they're done
they're done buying all the candidates the national level on both Republican
and Democratic side
they will begin to as the Koch brothers by the way are beginning to
bio all over the state representatives as well we gotta heard
wat dash back doc up if we don't solve this we no longer live in democracy