Banking Legislation News Today

>> jon: i want to talk to you about dodd frank there is an effort in the senate to roll back some of that banking legislation, a lot of experts say that it hurts small banks and community banks. but democrats are having their own fight over whether to do that. elizabeth warren, for one, doesnt like the proposal. >> of course she doesnt. wilbut, you know, if you think about this, what dodd frank has done, jon its made big banks bigger and small banks smaller. created less competition. hundreds of...

Elizabeth warren say she wasnt going to run in 2020. i hear shes running for re-election in the senate in 2018. she took steps to reinforce the 2020 race giving $5,000 to every democratic state in the country and going after her democratic colleagues on banking legislation she supported which wont help the democrats win the senate back, but would help her in 2020. as to her heritage, look, this country was built on anecdotal ancestry. we all have taught when we were asked, it was always our answ...

Successful first 100 days? >> you know, if you think about the signature achievements of some of the more iconic presidents, they come after the 100 days. ronald reagans tax cut, 206th day. barack obamas obamacare, 368th day. the stellar performance of john f. county, that came in the 206th day. i think the 100-day standard is not helpful at all. one thing id add is that roosevelt himself didnt think in terms of 100 days. he was ready to ask congress to leave after the fifth day, after he passed...

>> when you look at the signature achievements of some of the more iconic presidents, they come after the 100 days, ronald reagans tax cuts, 206th day, obamacare, 268th day. and thethe -- so i think the 100-day standard is not helpful at all. one thing i would add is that roosevelt himself didnt think in terms of 100 days. he was ready to ask congress to leave after the fifth day, after he passed the banking legislation. people around him were saying, this is amazing, this momentum, we should ju...

Congress and crookstive republicans zplcht he got through banking legislation, aiding the poor. ers every other president says this is unfair in that none of us can do what fdr did and in that sense theyre right. >> what hurts president trump in this measure that he has the republican house and senate. quite divided but a majority. >> remember what paul ryan said, welcome to united republican government. watch what happens. thats why 100 days later its painful to see so little has happened so fa...

Logic. >> but the real point is it is the republicans especially that resisted doing what really needed to be done about the too big to fail banks which is to break them up. so to now say, you know, if you -- what he should have said, and i would have welcomed that, is to say lets break up these banks. >> yeah. >> that would have been a real turn to the left of mitt romney. >> right. >> that would be a move in the right direction, but to say and to pretend that they are not too big to fail, your...

Goods. >> as you guys know, ill be the first guy to walk through the corruption in the health care ledg legislation, corruption in the banking legislation, insanity of fighting another summer in afghanistan, the failure to engaging in a national energy policy since going back to richard nixon. at the same time, the comparison is to somebody else and if the somebody else is worse than the guy you dont like that much, didnt matter how old you are. >> first thing i learned in politics is elections ...

Down. they wanted to redo the banking legislation in a way that volcker did not agree with. you may or may not know that the regional presidents have to be approved by the federal reserve in washington. a number of people that he wanted appointed to the federal reserve bank and hard-money people. and volcker vetoed them. so he kept pushing reagans people out of the federal reserve system. >> if people want to know one story of the federal reserve to turn their hair the color of mine, what would ...

Down. they wanted to redo the banking legislation in a way that volcker did not agree with. you may or may not know that the regional presidents have to be approved by the federal reserve in washington. a number of people that he wanted appointed to the federal reserve bank and hard-money people. and volcker vetoed them. so he kept pushing reagans people out of the federal reserve system. >> if people want to know one story of the federal reserve to turn their hair the color of mine, what would ...

Senator levin said the lobbyists are out in the hallway right now. they are spending tens of millions of dollars to stop this banking legislation. >> larry: how do you react, michael, when people say this is a system that did pretty good by you. >> well, i dont own a single share of stock. >> larry: you have made money in a comfortable system. >> ive made money because i worked and i had a few ideas and i made films about them and ive done well, as i would do under a system that was more democra...