Page 289 - Restructuring News Today

Agencies, four or five investment banks. when you have that concentration of power, that much capital flowing through so few entities, bad things are going to happen. we lost any competitive spirit, any sense of transparency, any sense of fiduciary obligation to either client or the public. and thats why a much more fundamental restructuring of wall street is necessary than is being proposed right now on capitol hill. >> and thats unfortunate. we dont have time to get into it. but the concerns b...

You say you issued a press release calling this the great chicago bank heist. you say the way hes structuring the financial reform would make the chicago her kn tile exchange much -- the chicago mercantile exchange more relevant than wall street that will help president obamas friends in chicago. >> thats right. you will ship the $28 billion worth of profits to economy. once you are forced to do business only in chicago with derivatives. then the investment houses start moving closer to where th...

Lean to. >> and what is the political reality that would prevent us from the best policy? >> well youve got an awful lot of investment now in those banks and the people that work for them. and their investments around the world and around the united states. and i think anything that would be that massive and changing would go way beyond what could be accomplished in congress. dont overlook the value of the bill that we are debating. this bill really takes an important step forward to avoid a rer...

Doesnt get any more beautiful than capitol hill. >> just a beautiful scene, beautiful weather. the capitol looks fabulous. >> greta: it is sort of fun. goldman sachs and they are being charged civilly by the fcc. you think the -- sec you think the other party is using it because -- >> i think it is unfortunate. the timing isnt good in my opinion it is an anecdotal event. it does not have a lot to do with financial restructuring. the financial restructuring should be proceeding on a bipartisan pa...

>> sean: volcanic ash and cloud that is preventing air travel all over the world. compare that to what cap and trade would do for the environment, it is not even close, correct? >> natural processes, certainly volcanoes over history of time dwarf mans contribution. this isnt about climate, it is about power. i quote the president, browner, jones, organized labor. did you know organized labor has a spokesman who said cap and trade and green jobs an economic restructuring bill for the global econo...

Doesnt get any more beautiful than capitol hill. >> just a beautiful scene, beautiful weather. the capitol looks fabulous. >> greta: it is sort of fun. goldman sachs and they are being charged civilly by the fcc. you think the -- sec you think the other party is using it because -- >> i think it is unfortunate. the timing isnt good in my opinion it is an anecdotal event. it does not have a lot to do with financial restructuring. the financial restructuring should be proceeding on a bipartisan pa...

>> sean: volcanic ash and cloud that is preventing air travel all over the world. compare that to what cap and trade would do for the environment, it is not even close, correct? >> natural processes, certainly volcanoes over history of time dwarf mans contribution. this isnt about climate, it is about power. i quote the president, browner, jones, organized labor. did you know organized labor has a spokesman who said cap and trade and green jobs an economic restructuring bill for the global econo...

From a group called the guardians of the free republic which advocates dismantling many of the current functions of the government but says this restructuring should be done peacefully, so again, no threat of violence in their website or in anything that they put out. bill: well give you the developments when we get them. steve centanni out of our bureau in washington, thanks. juliet: the major charged in the fort hood shootings is being transferred, major nidal hasan has been hospitalized, hes ...

Offshore drilling is great but is that a stand-alone bill? no. its going to be incorporate -- incorporated into a massive global warming bill. thats what the democrats want. if they want to focus on jobs or restructuring oversight, well be all for it. the trouble is they dont want to do that, they want to go for massive agenda and get as much passed as quickly as possible, because they see the handwriting on the wall and willer turned out in november. trace: good to see you both, good conversati...

Decided well focus on the ford brand fortunate brand. well have a full line-up of vehicles. so we went to the banks at that time, three years ago, and we took out a little home improvement loan to be able to finance not only our restructuring of the company but to accelerate development of all these new vehicles. what youre seeing today is the result of all that work over the last three years. >> when you have watched the rest of the car industry unfold, on capitol hill, and all that testimony. ...