so as not in ronald reagan may be disastrous mistake in nineteen
eighty-two deregulated vsnl's a whole bunch of predators moved in like neil
bush was silverado and she's basically started loaning money all their bodies
regardless particularly large commercial buddies regardless of their bed bill you
pay
and giving themselves shades dividends in giving themselves loans in fact
and to the point where they crash the entire s_l_ system
wanted ronald reagan do in nineteen eighty six when the crash came about as
a result of his own deregulation
eighty re regulated the s_ l's
be he brought in bill cdma a good conservative republican to run the thing
see he fired every single executive in an entire banking industry geology
stockholders lost everything that they had and he d put over a thousand
ventures in prison issued warrants for over two thousand of them
the republican i kinda ronald reagan
well now we've got the banks is having crash the economy again
made off with trillions of dollars are based on estimates as high as fifteen or
twenty trillion dollars
in the united states and around the world as a consequence of the actions of
these guys
and
it looks like five thousand people have already had one arrest warrants issued
against them
matthew vadim is with us he's a senior editor from capital research center
capital research dot org
the website
matthew grade is five thousand people go to prison
well i don't know
and but accomplish have a party why are they going to print them com well i
actually known as the bad news is that these are all working people who
couldn't afford to pay their credit card bills and we now have to know what's
going on states
why are they going to present as they didn't pay their bills
okay but like you
he would give an example
when managers
yeah right in support of those who don't know what i'm talking about
america doesn't have imprisonment protect
no we don't but we do have a way that we do have five thousand people who have
had
various kinds of court orders issued to them most of them failed to show up for
for the court order and so warrants have been issued for the new email over the
internet is
that they could go to prison because of the debt you get people who are
unemployed you people who are sick you people who are out of work to get people
whatever they could be on a credit card bills and if they don't do the whole
dance exactly right
they go to prison
is how it china doesn't let you know china has this law that says he can't
move from promised a promise without the permission of the government
more than ninety percent of the chinese population is violated that law on some
point in lives and so when the government wants to take somebody down
put them in prison they simply invoked that wall
what part of that let me ask you this should people have to appear in court
when they're ordered to appear in court
let me ask you let me ask you this should we be helping masters in jail
filipino sorry matt here my guest tonight your guest
to win a plain people in prison
when they crash in our economy and last year put a hundred and forty billion
dollars in their own pockets after the fed gave nine trillion dollars and zero
interest loans shouldn't those people be gone to prison rather than people who
can afford to pay their credit card bills really give these images nine
trillion dollars of one point four trillion we could pay off every
sub-prime mortgage in this country
i thought we were here today to talk about your dad can cn
petty fantasy that their debtor's prison without nair and that there is
all over it with drawn during around uh... getting in trouble protecting
crista moore grewal let he if you had seem to think that not
coming to court win after appear in court by a judge
it's somehow ok not everybody gets their mail especially at her home has been
foreclosed on and they no longer live there
well it'll be a happy with the rats but it worked with the reactor still up
and you know what happened to be kill off and you don't have any money
the judge said okay comeback inspector twelve-month and we'll talk again
people have an obligation would have to appear in court to appear in court if
they don't show up
that is a problem right and entirely and i got to see if you know you're a good
match here right on those things and we don't have better processes are assessed
well we have now is the of fact of the debtor's prison you've got five thousand
people look at arrest warrants issued against them
big because of a chain of events this started because they got it they were in
debt and they were benny reported jet because of thirty years been same
economic policies reaganomics and the deregulation by phil gramm and bill
clinton
of betray the the the commodities futures bodies a shack in the banks to
blow in a glass steagle
this crash our economy
and we're putting everything working people in prison or threatening them
with it if they don't show up in court dancer further debt
instead of dealing with these banks chase i don't get it
and on top of that and also were saying you know they've been visa
these guys in congress he's let me get the list here
is five republicans
bypass a lot of says that it's any member of your family
and a member your family goes on strike and your family happens to be on food
stamps you lose the food stamps
you know what kind of an honest i'm not a i'm not a fan of the protestants
problem
of the food stamp program but that does
i'd only heard about it today when your producer and asked me to appear on the
kill and i haven't study that but i will ask resolution eleven thirty four
hundred literary
the actor has resolution eleven five thirty five
jim jordan for ohio chance got south carolina's got gerdes inherit the earth
new jersey dan burton indiana louis gomer texas twelve by prices all
republicans arbitrary and it says i'll quote from the law
so the sooner you know and it could be a little or the very end up
dot quote for the water with the from the log from the post-war for use of the
utility one still carry the same data base that i do
striking workers ineligible notwithstanding any other provisional on
no member of a family unit
shall participate the food stamp program and anytime the any able-bodied work
eligible and adult member of such household is on strike as defined in the
labor management relations act
because of a labor dispute other than a lock-out is defined in section two nine
of the national labor relations act business not settled
haven't haven't are we turn into a punitive are we just punishing the poor
here
i would have it
out on all about this project
lift legislation but it down
arbitrary and capricious and weird and as i get
ab i would think that
the ideal plan of the food stamp problem that program it's a bad thing
but if people are going to be eligible for it i don't think you should put
altered to strengthen it likewise advantage
save somebody who can afford to buy food we will pay for your food is now in
jesus taught to do anything twenty-five identical it people
cannot look for work
so i you're saying what you do easily
for dog winds down you should kick it
yeah i don't know
not at all a lot or in our five dash to access all conservative joke i've heard
a number of times waiting for a dog was down
he take it otherwise we'll get up
but what if it's down and spm getting up isn't going to do any good
and we've got the
he happy again i ran a help wanted ad here a while ago
and uh... craigslist in washington d_c_ and out of four hundred applicants
it's it's intolerable how many people are looking for work
yeah i had a person
we are going to be a higher person let's go to your socially responsible
personal no i'm not i'm i'm a businessman making a profit
boat by daniel create i don't create the profits the people who buy the products
of my advertisers create the profits they are the times rather a created jobs
i'm not a job creator and i'm just a and just enough turner
it hispanic loiter
yes i think he did i think you could say that
well at least at least yeah i just i just of what i what i'll tell you he is
that
i'm not making thirty times what any of my employees are i'm not even making
twice what any my employees are are not
the they're not that level of exploit or frankly and so i i am from rather
comfortable doing a small businessman who's running a profitable
comfortable small business i got no problem with that
and i think that we need more than america but when you get c_e_o_'s who
are making a hundred million dollars
i think that there's something fundamentally wrong with this country
or leasing something fundamentally wrong with economic freedom
no i'm saying there's something fundamentally wrong with somebody making
two hundred million dollars a year off this country
because because they are sucking up enormous amounts of the of that it was
resolved when he's not a million dollars in early that they created
few come on a trying time is steven hamesha creates money
he skims money off the top of the ease of pang
who threw in search of self in the health insurance industry the c_e_o_ of
united healthcare
headed out to be elected condemning the capital of the best anaya regulated
capitalism and saying we should go back to the tax rates under nixon and and and
uh... i somehow
it works really well that we had a lot of jobs fifty-five campus life more must
remember matthew tatum capital research that the