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A really powerful and important thing i think it can be very very empowering when its used the right way i just left a review recently it was a negative review i put my face up there everything that i wrote was completely 100 percent true and i stand behind it we have to all take responsibility for what were posting and we need to change the way that we interact on the internet ok on that note were going to leave it karen great. Radio t. V. Host chad. Thank you. Thank you for watching just come half 9 in the evening here in moscow but back again at the top here. Welcome to front running 2021st max keiser and Stacy Herbert we look at all the candidates you look at the positions as we head into the big election today were going to take a deep dive into wall street reform stacey this is the defining issue of our time i believe since 20082009 the financial crisis the response to the financial crisis when barack obama came into office h ....
Going to take a deep dive into wall street reform stacey this is the defining issue of our time i believe since 20082009 the financial crisis the response to the financial crisis when barack obama came into office he had a choice and he made i believe the wrong choice that has resulted in not only tromp but what were going to see in the 2020 alexion with us we have dr Michael Hudson and randy bowler now the 2 big items that we saw from the 2008 financial crisis with the top 2 i have here too big to fail too big to jail it was always the reality but it became front and center and nobody can disguise the fact that we now live and it to tear a con a me dr Michael Hudson should banks be too big to fail the problem isnt really just that theyre too big to fail theyre too big not to make all their owners billionaires the banks that were the most crooked the largest banks have increa ....
A journalist an investigative journalist to find these crimes you could have tuned into our show or matt there were a lot of great journalists writing about all the crimes that did happen but they didnt get punished you know andrew yang actually has a radical idea for dealing with this in the future and yang says that if he were to become president that he would pass the Public Protection against market abuse act and this would create mandatory minimum jail sentences for financial crimes and of course we know that it was Biden Clinton those sorts that passed those mandatory minimum sentences for crimes in the hood this would bring it down to wall street but also they would be mandatory minimum jail sentences for c. E. O. s and this is the radical part the largest individual domestic shareholders should shareholders be responsible for these crimes at these banks and i think ....
Sufficient. And thats what would have happened to citibank all these but the big banks were all basically bankrupt citibank and bank of america. All of the big mortgage fraud banks had 0 net worth they had negative equity the shareholders should have been wiped out eric holder said what about the wives of the shareholders and the little kids they would have suffered and its worth sacrificing the whole economy its worth a depression for 10 years so that the wife of the shareholder in the little kid school wont suffer but they still have negative equity negative net worth to make that work though they have been reduced negative Interest Rates to somehow make negative that worth palatable in some strange way but going back to the 1929 crash and then the pechora commission as it was called in many bankers went to jail and then introduced many reforms like the last eagle alike other reforms that were aimed at getting rid of the abuses ....