Page 6 - Finance System News Today

Vernon. they asked her to explain about her reform to fix the finance system. she response is we have a plan. we have a plan for my plan. so my question to you is maybe thats why we havent had the big speech because there is really no plan for the plan. >> she doesnt have it yet. she has people in dozens and dozens of people cooking this all up and looking at the focus groups and shell land in the perfect place to cater just enough to the left of the party without getting herself out of position...

In infrastructure and debt has been building up very quickly on an unsustainable rate and so the key thing is they need growth that comes about as a result of opening up more of their economy to the private sector for competition. so im looking at the source of that growth. because the best way to avoid a hard landing or a very very serious problem in their economy is for them to move away from this overreliance on municipal debt and fix the finance system. >> huge challenges i know this challen...

The guy did sell a cop a gun. thats not where you should have reserve deputy sheriffs. >> no, and also -- yeah the confluence of americas broken finance system like pay to play policing really sounds like a distaupic vision. >> now maybe he would have done that without giving all that money but its a strange coincidence. it is that isnt it? in policing. >> that actually that arrangement isnt that uncommon. part of what comes around with these sort of reserve deputies a lot of times they are cont...

And donates cars to the tulsa county sheriffs department, and then somehow he has access to the most dangerous part of police work. this was an undercover gun buy. the guy did sell a cop a gun. thats not where you should have reserve deputy sheriffs. >> no, and also -- yeah, the confluence of americas broken finance system, like pay to play policing really sounds like a dystopic vision. >> now maybe he would have done that without giving all that money, but its a strange coincidence. it is that,...

Dagen. >> i got a degree from wake forest. today i wouldnt pay wake forest $200,000 for a degree. i wouldnt pay $15,000 for an art history degree because you cant get a job. >> the bottom line is now the country is facing all these kids who cant pay their bills. the president is setting up something that will help them do that. i have a feeling we are going to pick up the tab. what do you think? >> the whole education system and finance system is completely screwed up. >> thats not what i asked ...

and weve got a lot of breaking news today. the jury in the john edwards federal corruption trial reaches a verdict on just one of the six counts against the one-time presidential hopeful. the defense asks for a mistrial, but the judge tells the jury theyve got to keep at it. lets go straight to cnns senior correspondent, joe johns. hes in greensboro, north carolina. joe, what is going on down there? >> reporter: well, you know, it gets stranger and stranger every minute. quite frankly,...

>> democrats in the house with 126 to 81 against the war. against the war in iraq. not in the senate. the house democrats voted 3-2 against going to war, even though the house leadership at the time was for it. but most of us voted against it. >> when you see these protesters going after a dccc fund-raiser, whats your response? youre someone who af great deal of admiration for in both your politics and your sort of sensibility. weve had conversations about how broken the finance system is. isnt ...

System. im not really sure that is what theyre protesting. >> the last line was we are pissed off. no more money in politics. >> but what theyre protesting to a certain extent is democrats participating in the kind of events that the finance system make mandatory. theres something obscene about seeing democrats raise money from wall street fat cats as they pretend to be a champion of the 99 pblgt. it would be suicidal to opt out given the system as it is. >> it will also be new york eve and it w...

Max out or give the maximum, $2500 to your campaign. keep in mind, one-half of 1% see this pie chart, max out to a candidate. you are not likely to find these donors bumping into them at the grocery store. this is where it becomes helpful to have a social network that includes e-mail addresses and phone numbers of hundreds of high network individuals. in other words, its helpful to have a lot of rich friends. you know who is most likely to have rich friends? a rich person. the point is the entir...

Between -- and this is where i know youre not going to like this. it does get into a left/right paradigm to a certain extent. its not a partisan issue, but you have run-of-the-mill fraud, which the bankers have not been held accountable for, and theres plenty of examples. then the question is, what does government do to impose certain restrictions on what banks can and cannot do that is not -- >> sure. >> exactly. and that, to me, falls within that paradigm. >> but weve actively gone ahead and t...