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May 18, 2023 It seems like Democrats and Republicans can never agree on anything. Sometimes, however, they find common ground on things they agree on, like
Days. happy for diamonds? -- jamie dimon possibly being called to testify more in washington before the senate finance chommittee but senate bank. we are getting word he will be called to appear before the house financial services committee because of the trading laws in london. they are still investigating. roughly 3 billion loss now. >> a big bankruptcy filing for a large law firm. >> if you cawant your kids to become lawyers they can even fail in business. late last night filed for chapter 11 bankruptcy protection but they don't expect to merge. this will be a winding down of a law firm. ...
Sarah palin called it an endemic problem on both sides of aisle and they are feathering their own nests. >> how bad is this scandal? >> it's terrible, paul. it really is. no matter what you think about what they are doing, you have to admit that if people in the private selling for were doing the equivalent. these people in congress would not only go after them, they would be leading the lynching party. >> paul: so it's a double standard. >> secondly, a conflict of interest. they have a meeting in a private room. they have enormous amount of power to affect the market and come out and trade on...
Would argue the way you invest in the public sector is to give them tax breaks, give a company incentive to bring on more employees, give the company incentive to expand their business, especially now. >> you know, i'm not opposed to having a partnership with the public -- with the private sec to, as a matter of fact, with respect to nasa, i think that the government can service a developer and turn projects over to the private sector, but let's look at where we are right now. the private sector has been at the core of job reduction in this country, our trading laws, the has forced manufacture...
This a classic example. now we're supposed to look at bernie madoff. we don't need to change the laws. do they need to change the laws for insider trading? how does the government compare to our laws? >> lawyers tell me there's disagreement as to whether congress is actually subject to the same trading laws as everybody else. some say yes. some say no. if they are not, they need to be put under instantly. the idea that a sitting senator is running out of meetings to place option trades whether or not they have any information is just crazy. this is what our representatives are supposed to be d...