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President conducts his policies that way, cites industry and goes after them and embarrasses them and tanks their stock. >> the market moves fast because of the uncertainty. if donald trump picks a target will that be changes? and does it mean that donald trump as president unlaterally does something about f- tluf and lock heed martin. >> oh, my gosh what do i do? and i think if we get down the road and turns out and donald trump threatens an industry it doesn't wind up to do anything to hurt the market. and and maybe be they the not react dramatically. and if all of the sudden, it was the fir...

Interconnected throughout the economy, so if these folks have their wages artificially subpoena pressed, then it affects other people. >> that's exactly right. the implications for this case in terms of how we think more broadly about corporate america and what's happening are really profound, and let's be clear. this is completely illegal activity, right? this isn't sort of a gray area. you know, this is truly collusion. that this has been outlawed for 100 years. companies are denying it, but word is that they're going to be settling this case because they know it's a problem. $3 billion for ...

Here's just a taste of what he said previously. >> it's a wonderful example of how a bureaucracy will function if it has no accountability to anybody. it turns up being a joke. and that's what the cfpb has been. you have an institution that has tremendous authority over what ya'll do for a living, over your businesses, over your members. >> now, in our call with reporters earlier today, white house officials said that they are hoping this doesn't wind up a legal fight, but that they are prepared if it goes in that direction. further, they said that the president had yet to decide on a permanen...