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Goldman sachs, bought a bank called indy mac, changed the name of that bank and foreclosed on 36,000 people. that's different from passively taking advantage of a bad market because you happen to be a savvy investor like john paulson did. that will be tough. if you were talking about draining the swamp, you're bringing in not on millionaires and billionaires but people who are not very much in touch with the people who elected you. wilbur ross owned the sego mine in which a number of miners died and he never went to that mine, he said he'd get in the way but he knew about infractions. these ar...

Inventive companies. you have steve mnuchin and he became a financier in hollywood in the financial crisis. he was one of the investors who picked up indy mac. elizabeth warren strong in her criticism in steve mnuchin and donald trump in this pick. >> the american people are furious over what wall street has done. they don't want somebody who will come in here and say, hey, let's help wall street. what donald trump is doing is he is literally handing the keys to the treasury over to a wall street banker who helped cause the crash. >> there has been a lot of commentary about the number of peopl...

People. you mentioned anthony scaramucci started his career there. you have steve manchin, he's left. you mentioned bannon it's a long tradition back to the 1920s that goldman sachs and investment banks that when you get successful you give service to government. goldman was the gold standard of investment banks, during the financial crisis it for for good reason, gained a bad reputation. so the problem with steve mnuchin and wilbur ross as treasury secretary and commerce secretary respectively is that they're millionaires and billionaires so it's washington with a nicer pair of shoes and silk...

Pull their money out of back called indy mac. and he said i've seen this before. we are going to make money on this. i'm going on buy you that bank. it was indy mac. it was a failed bank. i think it was one of the biggest bank failures in the history of the united states to that point. steve mnuchin bought with it john paulson. he bought with it george soros and he rebranded it. one west is what it is called now. and i think it was profitable within a few months. the fdic guaranteed after a certain rt point, they wouldn't to have eat up any of the losses. so they got a great deal on it. to be ...

Taken out 15 billion of bank revenue. neither one is good for the economy. >> mark, it doesn't take much to cause a run on the bank. back in 2008 when the banks were in trouble we saw runs on indy mac and that bank doesn't exist anymore. >> you are absolutely right. the problem here is simple. earnings here are up in the banks and revenues are down. banks are trying to recapture the revenue and doing it in the wrong way. they are raising fees on consumers who can't afford it. here is a proem that the system is federally insured deposit and banks are encouraged to take rick and pay big bonus, t...