Page 46 - Dick Grasso News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Financial institution would be alive and function? >> right. yeah. >> we would all be in the hills digging potatoes or something. >> and to that end, it's something i talk with dick grasso who used to be the chairman of the new york stock exchange bill in the book, how do you discuss all these swaps that don grossman was just referring to, where there is no underlying loan, there is no underlying coal purchase or pork purchase or anything. it's purely a bet. and mr. grasso suggested we reclassified all those types of agreements as online gaming, because they're not really an investment product...

it is a conglomeration of buildings that once existed, some still do, here the in southern california, that were assembled exclusively for this closet, such that people who are in it look like they're in california. now i've lost martin bashir. anyway, that's where i am. good monday afternoon to you. i am dylan ratigan. it's an absolute delight to be seeing you here from southern california in burbank. more on why we're actually here later in the show. i don't think that the closet surprise was really adequate. but first, a big story away from these rather silly issues. manufacturing...

california. now i've lost martin bashir. anyway, that's where i am. good monday afternoon to you. i am dylan ratigan. it's an absolute delight to be seeing you here from southern california in burbank. more on why we're actually here later in the show. i don't think that the closet surprise was really adequate. but first, a big story away from these rather silly issues. manufacturing jobs in america. as you surely know, we saw stagnant growth in the jobs market on friday, with only a net gain of 2,000 manufacturing jobs last month. that does nothing to offset the millions lost since ...

>> but it's a difference. >> i like it. >> there's a difference, though. >> stocks are -- there are limited quantities of stocks to be a publicly traded company, you have to list on an exchange and meet certain requirements. anyone who wants to can write a risk contract on any event, any place in the world. i mean, you know, will the. crops fail in iowa? so the thing is, how do you force all that nonsense on to an exchange? >> let me give you guys an answer. i asked dick grasso, who used to run the new york stock exchange, this exact question. i said, dick, how do you deal with the swaps marke...

truth be told, our country, america, needs 30 million jobs added here at home, not 80,000. but to the cheerleaders out there that say, hey, at least jobs were created and that's better than nothing, that may be inadequate at this point. two friends of this program joining us now with what i think will be two different views, but sincerely and impassioned points of views towards creating jobs in america. peter morici and jared bernstein. let's plan on splitting this thing in half. quick and dirty on jobs, peter? >> another mediocre month. 80,000 jobs is not a heck of a lot. the good n...