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And my view is we need to take transformational reform to solve the too big to fail issue so we never have to ask taxpayers to do that again. Rose and they became vulnerable and could have failed in not rescued because they made such bad bets on subprime. Correct. We had a nationwide housing downturn that none of us predicted. And the banks disn see it either. The regulators didnt see it. And then they ran into trouble. Rose we continue with al hunt on the story with Governor Terry mcauliffe of virginia. You look at how many the democrats start out with and how many the republicans. We have a ...

And my view is we need to take transformational reform to solve the too big to fail issue so we never have to ask taxpayers to do that again. Rose and they became vulnerable and could have failed in not rescued because they made such bad bets on subprime. Correct. We had a nationwide housing downturn that none of us predicted. And the banks disn see it either. The regulators didnt see it. And then they ran into trouble. Rose we continue with al hunt on the story with Governor Terry mcauliffe of virginia. You look at how many the democrats start out with and how many the republicans. We have a ...

Smell the fire from here. We are about 15 miles south of Fort Mcmurray. The winds have changed making these masks necessary. We also have developments from the oilsands just north of Fort Mcmurray, rear learning that reuters that Conoco Phillips is the latest company to shut some of its operations in the region and learning from Canadian Press that oilsands executives are worried that the wildfire could create gaps in the northern alberta power grid. That would lead to more closures of operations in the region. This is a developing story. Officials say that the situation and conditions remain ...

Welcome to the program, lessons and instructions about the Global Economy beginning with jay fishman, chairman ceo of travelers. September of 08, so a long time ago Lehman Brothers went bankrupt and there was lots of discussion in Corporate America about uncertainty. And that was what was keeping Corporate Leaders from investing. And i am one. I have 30,000 employees and we manage business that looks to the future. Thats what we worry about in the insurance business, what is the future going to bement and i couldnt put my finger on what that uncertainty is. And that lead us into a deep dive no...

Versus the monetary, the you have to suffer for your sins versus you have to stop the panic. Those are in the sense would be the two schools. Rose youre in favor of stopping the panic. Absolutely. Rose and not suffering for your sins to you. It to the a morality play f you want to do a morality play we can do lots of things like putting bankers in jails and thing like that but not at the macro level no one is being recorded rdz but most people understand we need entitlement reform and it ought to be on the table. Absolutely. Rose mish phenomenon fishman and pos enwhen we continue. Funding for ...