Page 30 - Wall Streeter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

talking about cuts and specifically what's handed to em because of the debt ceiling deal reached earlier this week. initially they know they have to cut 350 million which more or less they are okay with and won't necessarily sacrifice our national security, but where the big question mark comes is if that committee can not decide on how they will make those additional cuts to equal around or about $1.2 trillion, they will have to cut hundreds of billions, 500 billion, 600 billion, 700 billion just to defense, and to quote, i want to get this precise for you, the defense secretary sai...

They are anxious. they worried about paying their bills. they see people at the very top getting away with the equivalent of murder. look at what happened on wall street. there's not a single wall streeter who has been indicted or brought to justice after that huge implosion on wall street, and people get cynical and get angry, and then they see, you know, republicans are very good at channeling that anger toward government, immigrants, public employees. well, an angry population and an angry populist could just as easily turn their anger toward the very rich. it's in the interest of the peopl...

To work with. what is the answer? >> you get the bank to knock down principles on the bubble e era reckless loans. a big wall streeter is doing it with his fund but to say that the housing support from the government went away when we have fannie and freddie, thelma and louise of housing market, going off a cliff, that's the issue here. how do you dismantle those two? there are artificial starts in the housing market, when australia, denmark, other european countries never had as much of a government intrusion in their housing market. >> david: steve? >> all you have to do -- >> they have a bi...

By the democrats to produce the effect it did, which is to get the republicans appear to be standing in the way of reform, which the president said in the speech he made last week, you either are in favor of reform, which means my bill, or you are against it. so you are a wall streeter. look, it's all demagoguery from the beginning of this. the president needs to recoup from the healthcare debacle and he fixed on this. the problem is that for the republicans, unless they produce a bill quickly, which they should, they've got to have an alternative. they are going to get hit in november, becaus...

By the democrats to produce the effect it did, which is to get the republicans appear to be standing in the way of reform, which the president said in the speech he made last week, you either are in favor of reform, which means my bill, or you are against it. so you are a wall streeter. look, it's all demagoguery from the beginning of this. the president needs to recoup from the healthcare debacle and he fixed on this. the problem is that for the republicans, unless they produce a bill quickly, which they should, they've got to have an alternative. they are going to get hit in november, becaus...