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Out. and i also want to say the pardon is of much lesser value because there are a whole lot of state crimes and when he when you listen to that lawyer for 40 minutes and then said i m guilty, some of the crimes are state offenses as well. and so if he does chicken out and clam up, he has state liability as well. virtually all of the banking ones could be brought in a state court. the lobbying not as much but the banking stuff. and it would be right in his home state of new york where there are unfriendlies at every level, including the likely next attorney general. i want to play for you the defense donald trump is down to and his remaining defenders and rudy giuliani his tv lawyer touted this out on hannity on friday. the plea agreement has and cooperation agreement has nothing to do with the trump campaign. reality is no evidence of collusion. look at the plea. it is to crimes that have to do with manafort s past and no involvement with president ....
and, matt, the coordination with schneiderman has to be an extreme irritant to the president. it was eric schneiderman who fought the president to a $25 million settlement on the trump university case. that was $25 million that president trump vowed he would never pay but was forced to pay as a result of attorney general schneiderman s pursuit of that case. so schneiderman has been on the trump case before. sure. i mean, look, if you are bob mueller, of course you re going to want to make sure you know who is in what lane in new york. when you re looking at banking stuff, new york is the center of the universe. but the long and the short of it, at least the political reality in the short term is none of these guys, whether it s manafort or flynn can be playing in the short term for pardons. i mean they ve got to be playing to win. you know, they ve got powerful lawyers, and you don t want to hold out your hope for a pardon. that frankly opens up a whole host of problems for the pre ....
Never pay but was forced to pay as a result of attorney general schneiderman s pursuit of that case. so schneiderman has been on the trump case before. sure. i mean, look, if you are bob mueller, of course you re going to want to make sure you know who is in what lane in new york. when you re looking at banking stuff, new york is the center of the universe. but the long and the short of it, at least the political reality in the short term is none of these guys, whether it s manafort or flynn can be playing in the short term for pardons. i mean they ve got to be playing to win. you know, they ve got powerful lawyers, and you don t want to hold out your hope for a pardon. that frankly opens up a whole host of problems for the president, not the least of which that once you ve been pardoned. congress can haul you in front of an open session and demand you testify publicly because you don t have the right to the fifth amendment protections anymore. so i mean that s interesting in ....
Jamie dimon or held of wells fargo or head of bank of america. they clearly are far more prepared to answer the questions than the people asking the questions are to ask the questions. supply the questions by staff members. they are not bankers. they have a peripheral knowledge of the financial services industry. so jamie dimon, it s a home run for him. the larger point, joe, though, i would think, is that, you know, these hearings are teed up for publicity, for the members on both sides of the aisles, republican and democrat, and yet out in the country, back to what al hunt and the panel was talking about, i mean, we re looking at a bus ride here and we re trying to figure out who is going to drive the bus. is it going to be the president or is it going to be governor romney. all of this stuff is in the rearview mirror, the banking stuff. sure the volcker rule is important to a certain extent, no doubt about that, but people want to know, where are we going? where are you going to tak ....
Interview is somebody who s been thinking about those things with a very specific part of the occupy wall street movement. his name is carn ross, author of the leaderless revolution: how ordinary people will take power and change politics in the 21st century. mr. ross is best known as the diplomat who quit his post in the british government in protest of the iraq war. he now runs a non-profit group called independent diplomat. on this banking stuff, he is working with a part of the occupy wall street movement that calls itself the alternative banking working group. carn ross, thank you for joining us. thanks for having me. what is the overall idea of there being an alternative banking working group? well, i think the idea is that clearly banking was part of the problem, perhaps is the problem at the heart of our economy. of course, the credit crunch. it s an unequal, unfair system that s prone to risk. if you solved banking, maybe you d solve bigger problems in the economy. tha ....