Excha E News Today

Several vacancies there. who is running things? >> he is. he is running things. meaning president trump. what he shed is the group of advisers with a bit more expertise in the white house on the different policy issues. >> these are the people excha e explaining to him through talking points what was important and the nuances and what happens three steps ahead if you make a certain move. >> they served in the executive branch and congress of the al r alternative view. now you removed them. reall...

You have turned out to make a trade, alexis and the congresswoman, but it turns out the congresswoman between tuesday and went has gone bankrupt. she has your money. you go bankrupt as well. and then the dominos fall. are we good? the point here is that one of the big parts of dodd/frank is to get all of this person to person over-the-counter trading happen, the phone call between alexis and the congresswoman. >> something like an exchange. >> which is public and transparent and gives price info...

I was on the conference committee. i was with barney frank when he was in a sweat every night to see if he could get the votes to move anything forward. its a democracy. and the sef bill called for different exchanges. so it all has to go on an exchange. it has to be printed at the end of the process and before the process. that bin passed out of the subcommittee with a total vote and it passed out of the agriculture rat committee. my point is that any means of trade should be able to be exercis...

Over-the-count over-the-count over-the-counter derivatives are something to understand theyre financial instruments. their value is based on some underlying asset, corn, an interest rate, or a mortgage-backed security, a bond. they can go up and down in price. are often not traded on exchanges. the way an exchange works is if alexis wants to trade stocks with the congresswoman, they trade through me, im the new york stock exchange, and at the end of the day, everything is netted out. i conduct a...

They gave us 50 years of prosperity. when we started reregulating, we got in trouble. they were pushing to move off the exchange the energy derivatives which were the most powerful derivatives and she and others came to me, this is horrible, do something about it. i put in a bill that says you dont that. you keep the derivatives on the kparj at which greenspan says you dont need it. take it off. snowe, the f all come in and say, this is bad policy, dont do it. and, of course, it went to a vote a...

Credit card abuse where im paying on time, ive never been late and yet they raised my rate retroactively on my balance and i cant get out of bill. that bill that cracked down on abusive practices, it took four years to pass and it was the first credit card reform in 30 years. >> and thats something extremely tangible. >> you mentioned dodd/frank and think thats really important and you mentioned brookly born was pushing derivatives on the exchange. >> they were on the exchange. >> they made the ...

Court. rick santorum turning up in the middle of the protests outside the supreme court today. he was not there to hear the case be argued inside. he was there just to participate in the outside the court expression of feelings. for the lucky people that got inside, let me give you a little sweet taste of what those people got to feast themselves on. this is actual audio from the supreme courts oral arguments today which all those people lined up to see. youre about to hear an excha e exchange. ...