Mid1980s, most of them have bit the dust, they are small legs. Customers now have to qualify a muchhmore stringent big bang. 7000 banks are a lot of things. I suggest the same until they won. And that the lending would go back to the way that we were so go ahead and hate them, at the rate we are going, washington is pining and government itself is perpetuating that they will be gone soon enough. Knowing that thats a pain in the butt. The folks with the cash or cashing out. Here to help figured out in spring smith. Greg, what do you thin if you have less banks, you have less competition. If we had been banks that were too big to fail in 2008 protesters had to bail them out, arent they even bigger now is 9. 6 billion . And i tnk that most people forget that one of the backbones of our economy for years was your Little Community banker. Hundred million a hundred Million Dollar or less pinkerton knew you by name. You are absolutely right. Neil my first one i ever got was from a Small Community bank who apparely took pity on me. They wouldnt even give me a second look. So im wondering what the reverberations are businesses, regular individuals who need money, have future Good Standing to get money. Yes, i think that is a big part of it. 70 of jobs are created by Small Businesses. Small businessman or woman is able to shake the mans hand and be able to get alone like you did and he was able to create more business and hire more people and increase the economic activity. Nowadays, Business Owners look at that as an algorithm. If you fit a profile, you get a loan and if you do not, you dont get along. If you look at the fdic regulations, what dodfrank has done, pounds and pounds of regulations, and you look at all that you say that if i am an investor, what i want to invest in a little bag . And i don think its helpful for the economy overall. 70 of all new jobs come from Small Businesses. Need help those Small Businesses and not make them algorithms and a big computer. The one that is very well put. You would have a big job if you want to take a financial cut va financial reporter. The. [laughter] neil with these rules and regulations, its onesizefitsall. Thend result is fewer banks. You are absolutely right. I never thought about it in those terms. It is hurting consumers, kind of like if you like your health care, you can keep your health care and we will will never be allod to thank him, but if they fail. On the one thing. I think if he has gone up distantly over the last five years. And that tells me that the bigger banks are having to be less competitive and they can charge more, which is hurting me as a consumer, which means i have less money to spend and you may be right. Theremay be unintended consequences here that the government, trying to help the people and protect the people are actually hurting the economy and stiflinghe economy you know how i feel about this administration. They have done more to slow things down and want to kill the jobs in any administration that i could think of in my lifetime. Neil you are one of the early ones that were saying that there is an iceberg ahead. But the group on the titanic wasnt listening. Thank you, good seeing you again. Youd think with all of these small banks, that would be as bad as things could get. But it is a lot more. Hi mark Health Insurance agency, a tearful, needing some saving. Where do you stand on its . And we try to resurct this and is it working . I cannot say whether its working or not. We are not paying attention to that. But at we are trying to do is get people enrolled. What i can tell you is that enrollment is sluggish and its underwhelming and after two months, as of the end of november, we have had about 7500 enrollments. Totalince is whole thinking to be . Yes, thats right. It picked up here in the last few days. We will see what happens going forward. My concern as it relates to the Backend System that you may have heard, this relates to the Financial Transactions and giving assurance that someone is accurately and properly enrolled is in a 20 form and thats part of it. Neil you are an enclopedia on us. Explain that. You are not logged in and enrolled officially until all that stuuf is done. Such as logging on wont cut it. So when are you officially counted . Now, is that people that have gone completely through the process and registered and signed up with you . Were to the administrations point, those that point and click . Those are the numbers that we have and i just described it, which is the information from the government that this person is enrolled and we have been officially enrolled now. But wh i can tell you is that theres a significant number of those that are inaccurate and if they are not correct, they dont match and the information they are, the information doesnt match, the error rate is as high as 40 or 50 it looks like its coming down to a lower number. But still, an unacceptably high error rate. We have problems with that and the payment and the administration, which we are told the soldout from late january to get that Electronic Submission corrected. So there are those issues and the cancellation of policies. Havent been focusing on the last couple of days. But i think that we are down, right . The irony of ironies with Health Care Law is we have more people without insurance in the handling and. Well, thats what i was going to close with. And i hate to say it, its unfortunate to say this. But my prediction based on gd information here is that january and february, the first firstquarter 2014, we are certain to have more people who are uninsured and people who have gained Insurance Coverage. So tats not where we want to be. Including where we are trying to be. But it points out significant fundamental problems with the law being administered. Its always good to see you. Thank you so much. Neil not for taxpayers just got neil not for taxpayers just got screwed, but for the lawmakers [ male announcer ] heres a question for you. If every u. S. Home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes . 1 million . 2 million . 3 million . He answer is. 3 million homes. By 2030, investments in energefficiency could help americans save 300 billion each year. Take the energy quiz. Energy lis here. You are gonna need a wingman. And with my cash back, you are money. Forget him. 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[ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tnana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Neil first the tax hikes and now the spending streets. Raises and hiking spending across the board. The state is now running a surplus according to reports. Fox news radio host with us now. Yes, i spent 30 years in sacramento. I am telling you, that is fiction, the fact that they have this surplus. Not only in thestate of california, but illinois, his huge pension obligations and they pretend that those dont exist. And they are off the books. Because of your addin that is, we are talking that we cannot afford could have a 45 billion surplus this year. By the time summer comes around and that will grow until 2020 every single year. And they raise taxes by about 6 billion and it ties in perfectly and the problem is they have an obligation for their pensions, the two big state pensions and Health Obligations of 300 billion for the pensions and another hundred billion fr the health care for the retirees. 400 billion and not even addressing this problem. Neil let me ask about how they are able to sneak in raises for themselves as politicians back in 1990 they said that we dont want their fingerprints on us anymore. So they created this thing called the Citizens Commission that was appointed to the governor or by the governor, rather. And when schwarzenegger came in, they started cutting the for the last six or seven years the annual pay for legislators, but they are still the highest paid and they get 95,000 a year based, those are 30,000 dollar per yer, taxfree per diem income. Even with these increases, a lot of the politicians are still behind where they were. Who cares. They are the highest paid in the entire country and its fundamentally wrong. Wrong to say, can you lend me some money . I am really hurting. You see me go out and buy a brandnew ferrari an youre going to scratch her your head and say, wait a minute, i dont know about this. I couldnt see you doing now. But thats what theyre doing in california. One may argue, those, you say, highest paid, the timing is at thvery least bad. Whatare they doing . The income around 50,000. Theyre making 125,000. And theres only 12 that has said that of the 120 legislators that we are not going to take the pay raise. But 90 has said yes, we are taking the pay raise. One of the things i learned along time ago, i knew this young lobbyist. And i said, these guys are good lawyers and smart people and he said the reason they fight for their jobs so much is because this is the best and highest paying job that weve ever had they will fight tooth and nail. That they ae ignoring the huge elephant in the room. If you look at this, they give no braver views. Even eccentric, he does things, you know how Chris Christie is a maverick and on the democratic side, jerry brown does the same sort of thing. He had Linda Ronstadt and his girlfriend for several years and lived on a mattress on the floor. And a lot of californians do. And you can never tell what hes going to do. I dont buy the numbers. And i dont think he does either. I give him credit and i think hes playing along get along because he wants to run again. Neil tom, it is always good to see you. A tax to end all taxes. What a dumb emocratic congressman issa cooking so i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Because you cant beat zero heartburn. Woo hoo [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. Neil if the democratic congressman Earl Blumenauer gets his way, taxes will double to about 33. 4 cents per gallon. So calm down. Anyway, he sas it is to pay for poorly funded transportation and he also said it is high time since th federal gas tax has been high. I so do it, are you okay this . Well, i dont know about this, bu its a little stretched out and we do need this and infrastructure is collapsing. But if you look at this, and the Port Authority and not the state, and it is dedicated. And i am dedicated losing weight as well. [laughter] neil thats how i feel. The money is dedicated to the gas tax. Every time i heard this kind of stuff, and that the money doesnt go to where its supposed to go. There is no lock or box. When i hear this push for more funding for rebuilding bridges and highways, i fully agree. We need to please the money that is already supposed to be allocated. Absolutely. We have spent 37 billion in tax revenue and we are to have 42 billion on Infrastructure Spending. And what ever happened to the hovel ready stimulus money . 831 billion was allocated for programs and in additn we have 10 million total. The argument argument is that we havent raised taxes in a long time. But the gas prices have gone up since 1998. Fuelefficient cars are more fuelefficient. It is a conundrum. That isthe problem for liberals like me, it becomes problematic. But the reality is our to make sure that we have the money goes where it should be dedicated here. We do have Infrastructure Spending that is not keeping up with Infrastructure Spending in other countries. You are pretty financially prudent. Where they go and how they go. You have to have in the states, the governors have to stop reading their Transportation Trust fund. And this money in the gas tax, we want to make it separate. What you think of that . If we did find a way to monitor the money and lets collected the money that we have allocated, all the rest, i cant imagine it wouldnt be enough. Would you be open if it were allocated . Absolutely not. I find it very hard to believe that the billions of dollars have not been used effectively. I find that this is a stagnant argument. And this includes Union Members and im really curious. Increasing this revenue so that he can give his buddies jobs so we have more people shoveling away . It is a lowly state come ive only been there a handful of times. But to your point, first of all, i dont know why giving anyone a job a bad thing. But even if they say so, whats not a bad thing is the fact that we have bridges collapsing under collapsing all over the country and we saw that in minnesota a few years back. The cook and transparent collapsed, and we do ned the money. Is is a critical safety isue. We are not spending that much. We are doing our part. Neil ladies, thank you both. In the meantime, and officially bankrupt city. A judge rules that it is okay to file. Not only is it illegal, but it is immoral. This ruling is a threat t every city in detroit. We think that that sets a bad precedent for other cities as a business owner, im constantly putting out fires. So i deserve a Small Business credit card with amazing rewards. With the spark cascard from capital one, i get 2 cash back on ery purchase, every day. I break my back around here. Finally soones recognizing me with unlimited rewards meetings start at 11, cindy. [ male announcer get the spark Business Card from capital one. Choose 2 cash back or double miles on every purchase, every d. Whats in your wallet . I need your timesheets, larry whats in your wallet . Every day were working to and to keep our commitments. 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This determination gives us a better opportunity to go forward with that clean slate. Neil mark my words, that i will be a rockstar. And a bankruptcy filing is their only hope. Judge napolitano, i would say you . They have an obligation of 18 billion and it does not have the assets or the tax base. But it owes a lot more than a it negotiated with all of its creditors, including the unions. If the judge does not rule as he ruled today, then instead of having an orderly bankruptcy where a judge will take obligations and slice and dice and give people their portion of the pie, you have about five or 6000 lawsuits, each that is entitled to a jury trial in a pool of assets and it would be chaos and there wouldnt be enough to pay police or fire or teachers and mor so they would leave their property behind. Dont libertarians argue let the people rule . Appointed by the governor to clean up this mess and is there anything that bugs you abou that . It bugs me when anybody who owes money gets away with paying less than they owe for anyone who is owed money does not get paid back what they owe. Those people were promised a pension and announced not one to come through. And the reason it wont come as because they all elected political confidence who borrowed and borrowed. And i can see is aleady as a part of it. This is an orderly outcome and no one will get 100 cents on the dollar. In ome of them may have to go back to work and they were expecting 100,000 a year and how will well the film that is reduced to 15. So they can have any obligation because that is where a lot of the money is. That is where a lot of the obligations are. What is to stop them from saying that im going to rule this by fiat and say this is okay. The city manager cant do that. They can only control expenditures tomorrow and he cant effect this going forward. Neil is it more likely that god would be part of this . The city manager has to keep the streets safe and this includes people that still live there and pay taxes. He has a very difficult job on his hand and he doesnt have the wherewithal to do it. And he will have more money as a result of this. Neil in the meantime, the hottest new application. Is he like