Bailouta Big Problem News Today

Know, die construct all these massive problems that they had that were right at the structural level of our economy and had they not been there and had they not fixed it, we would have all had big problems, but now a.i.g. is a profitable company. they came out of it. everybody is better for it. you know, on the enforcement piece of this, i will say that part of the problem was that the rules probably were not clear enough. now that we have dodd fraij and we have this tough prosecutor -- >> mary ...

Regulating people who had hired them before and might hire them before. >> it stays in that job for a long time and develops cred as a guy who will go after anybody at any time. we dont have enough of people like that perhaps in part because they dont get paid as much as you get in the private sector. >> fitzgerald, i think, just went into private practice. >> mary joe white follows in some of the footsteps. >> there is no question that the onus is on her to prove that she is working on the side...

When she is on your team, she is fighting for your side. just because a lawyer represents somebody or a firm represents somebody doesnt mean that they cant go on and follow the laws as they stand and as theyre being prom you will gated. in temz of enforcement, we still have over 100 rules in dodd frank that need to be developed and put into place. so having her there as the tough street fighter for, you know, average citizens i think is a very good thing. >> i guess i would just sound a little b...

Bonuses to pay bonuses. we allowed them to pay bigger bonuses hand they otherwise could. instead of forcing firms we allowed them to pay in depressed stock, the amount which became inflated. >> since im in new york and i feel the ora of wall street around me, ill -- >> especially on this show. >> exactly. i wont stick up for this, but i think that the -- what treasury said and there was some defense of this, which is you have to pay people to keep them at their firms. >> thats always been the li...

Something about bad mortgages and help a lot of the homeowners, and as you know, even the president has said this, one of the big disappointments was that the administration and treasury secretary geithner did not put together a more effective and a better mortgage rescue program that helped homeowners. >> aside from the law and the technicality, the problem is how it makes people feel and to see that executives, whether or not its technically true, it was a way to keep them, and that was import...

Community. >> if there were a democratic primary this time around, i think people would have talked a lot about deportations and how much enforcement there was. theres a lot more enforcement on the business side of this. i think that youll see some of that in there. on individuals its tough to do much more than the president has already done. >> this is a thorny and complicated issue on both sides of the aisle because labor will have something to say about this too. that said, you have such a pr...

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