Bailout Mentality News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Why is that the federal taxpayers problems come in and fix it for you. isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe detroit says they will pay it back. but this is ...

The board, which is the feds ought to be there to support you if things go wrong. i don't know detroit, whether it is due to bad decision-making. maybe it is just that people move and migrate and so on. is it someone else's responsibility or the responsibility of folks are their? >> the responsibility of folks out of there. this is a bailout mentality. if you open the door unveiling of detroit, who else do you bailout? there are countless other cities in dire straits. illinois in particular. what do you do? you can't possibly bailout everybody. megyn: it is a deep well that we have to fill. ne...

People from the government. but peter, how do you respond to those who do have legitimate hostilities towards the bailout mentality. >> two wrongs don't make a right and that was one of the reasons i was against the bailouts. i was afraid of the bad precedent we were establishing, the moral hazard. instead of asking for more bailouts. let's condemn those, and rather than blaming wall street for accepting the bailout. anybody is going to help money if the government offers it and why don't we condemn it by making the bailouts available in the first place. what the protesters are protesting, it'...

People from the government. but peter, how do you respond to those who do have legitimate hostilities towards the bailout mentality. >> two wrongs don't make a right and that was one of the reasons i was against the bailouts. i was afraid of the bad precedent we were establishing, the moral hazard. instead of asking for more bailouts. let's condemn those, and rather than blaming wall street for accepting the bailout. anybody is going to help money if the government offers it and why don't we condemn it by making the bailouts available in the first place. what the protesters are protesting, it'...

In part, when he goes to cooper union, "i am here because i believe that these reforms are, in the end, not only in the best interest of our country, but in the best interest of our financial sector." and the president will also say that if we do not pass his financial reforms, we are doomed to repeat the failures that we saw that led to the great recession that we are just now pulling out of, monica. >> all right, mike vicqueira at the white house. joining me, republican tom price from georgia and member of the financial services committee. good to see you, sir. >> thank you so much. >> as ...