and a poet. too many laws, too few examples. to me, that describes our response to the financial crisis. we have written too many laws and we haven t focused on the examples of leadership that are needed to prevent this from happening again. this is what a healthy bank looks like with capital requirements. that s helping the community. instead of showing people what a valuable financial institution looks like, we re making rules for financial institutions that may or may not create value for the community on a given day. is that fair? that s fair. congrats on the book. thank you. and obviously, we are in agreement with the basis of your narrative. you have a friendly audience here e. and we re grateful to have a voice like yours at the table advocating finance in its valuable role as opposed to its role as a liability. thanks to the panel for their time today. next up, an afternoon sugar fix. a treat celebrating a large birthday. [ female announcer ] experience dual-action
it is. we certainly expect it s romney. so whether he has wooed these people or not, i expect they will turn out. that they will fall in regardless of the candidate in opposition. it s interesting. the las vegas billionaire has already said, i m not going to push this and destroy the nominee. i m prepared to put a lot of money behind romney. do you agree with that analysis across the board? regardless of what they say they are going to do, since we re in a race to the bottom, who can take more money from who to do things. we re not in the business of actually fixing problems in this country anymore. we re just in the business of who is taking money from who to set rules for who s benefit. the republicans appear to be winning a race to the bottom by virtue of their willingness to self-destruct with the birth control. can a party recover from that level of apparent damage to
thinking about the impact of your actions on others, managing responsibly what others have entrusted to your care, that really lies at the core of the financial services industry. and how far from that did we stray going into the financial crisis? my concern is not only did we get away from that, but we have been trying to solve the financial crisis, trying to prevent future crisis and we have forgotten one of the basic and core issues, which is it comes down to character and principles like stewardship. really, it comes down to culture. it does. and without the culture, there s no list of rules that will make it happen. if their culture is to get around the rules, that s what they will do. exactly. there s a quote in the book that somebody pointed out to me. it was a french revolutionary
london. here are the headlines. this just coming in. operations at the shipwrecked costa concordia is been temporarily halted because the ship is shifting. the captain is under house arrest as he awaits possible charges of manslaughter and abandoning ship. meanwhile, divers are working to remove a second data recorder from the abandoned ship. they recovered more bodies, bringing the death toll to 11. the arab league is set to end its mission this week, but anti-government protests show no sign of epding any time soon in syria. the government has rejected suggestions that arab league peacekeepers should be deployed to syria. in myanmar, some signs of political change. pro democracy leader aung san suu kyi is registered in parliament. she s running in a country that s still largely controlled by its military. those are the headlines from cnn, the world s news leader. i m zain verjee, and world business today starts now beginning with the coverage of a blackout to protest an
talking about the tools we have right now. we have the ability to raise economy standards we have the ability to stop subsidizing highways and fighting wars in the middle east convince them to change our policy overnight that would be great. what the president is doing using the tools you re a lobbyist. you can go to congress and do this. we re about saying let s get the auto industry to build better vehicles. here s the question. everybody knows congress is bought. everybody knows the rules are made by bought politicians. the only way to counter a bought politician is to have a marketplace drive the adaptation in this case $16 a gallon gasoline. if you re saying, instead of releasing the actual cost of oil, which is now being hidden from americans why verify clue of political charades, that instead we should allow a lot of bought politicians who we re supposed to trust to set rules while we allow them to maintain the military environmental subsidies for energy? i don