Michael Moore and Personal Responsibility Part 2

" From a new balanced world headquarters building bothers you saw how -- Put your name on the dotted line and a legal document dole in their responsibilities -- have been deceived and then exploded. There this is like this is no responsibility at all for them. That's like asking all -- Paltrow was your skirt after she's great job that's that's a sad sad moment when had my -- the system for that William. With the."

" If it goes through -- and we go over the cliff is untrue because of the level of spending it. And dad your government takeovers has accelerated dramatically this year and so the reason ascended. They healthcare were so pivotal okay actually said it is the Waterloo in fact is true. If it's if we can stop him from health care. Stop the momentum of spending and takeovers. And force him in the Democrats to sit down and work with the American people on some musicians. We might have a chance to -- to salvage this and."

" Always -- okay TE."

" Well he can. And oh. Right now."

" Hamas powered card WRKO. Radio networks."

" Isn't it now we car -- can't sitting in for how would this afternoon always always a pleasure. Always an -- always true appreciated. I'm get a little tired of the lines. You know it's one thing for politicians to Experian and tell stories but you -- guys just make it -- Barney Frank and that last little snippet just just make -- put the whole cloth."

" He should -- go do you really believe I sometimes ask myself that."

" As they listen to these guys and watch these guys are read his -- I read some of the stuff that some of these politicians have sent wholesale do you really believe it. I don't know what is Barney Frank really believe what he just sent."

" on the beauty."

" VE. Green and now. Well -- And -- Right now."

" Is just not true I mean I'm sure they're lucky to get out of Russia my grandparents were lucky to get out of Russia. I understand that but they the the immigration policy then as opposed it's are you know what -- say what I want away. Talk a little bit about is the Michael Moore thing that we've touched on this. There's so much bigger picture element it's an image of the digits is really about responsibility is that yes. It is about responsibility. I Taylor I'd like to do because sandy has spent a lot of time to make sure that the how we poll question is properly freeze -- of course it is and how -- car. Dot com sandy do you mind playing the the Michael Moore snippet just one more time so everybody can hear that I want to get over and vote on it. Not -- not okay. This is this is Michael Moore with with Sean Hannity. In and day Hannity is talking about to foreclosures mortgage foreclosures. And they listen to what Michael Moore has to say yeah."

" If you put your name on the dotted line and a legal document showing them their responsibility there have been deceived and then exploded but this is like this is no responsibility and offer them. Amazon asking -- woman died how short was your skirt after she's great job that's such a sad sad moment when I had -- modeling system for that."

" Did you -- that maybe even Michael Moore realize he had gone over the line at that point yes they can never back -- we don't get. How well you know it's tough to turn that ship around I'm never sure I mean did Whoopi Goldberg know she went too far and -- it -- I mean it's the same I don't think she did I mean even the link -- our world's sat there with their mouth -- the same thing might -- trooper Michael Moore it's possible they took life well I was gonna say I thought one was smarter than the other but now I don't know."

" I don't know all right so how was this set that's how we question coming along now we poll question."

" While the poll question is Michael Morris says homeowners who have been foreclosed. On these same as you read they cannot do you agree."

" The answer of course is no all but our percentage is looking. Now at 92 -- all thank goodness I'd I'd feel better now I will feel better about venturing outside your house is that driving on the street and actually waiving at people and that's right that's right of course so waiting anxiously and eagerly for the snow as a result of Al -- a global warming are right. Excellent well I sandy I appreciate that so head on over how we cart dot com take a a look at that Poland -- and it. If you haven't been part of the -- blind yet would you please 61777934696177793469. That's the jump line I love the jump line has been my favorite part of how we show for many many years especially the musical selections and then. When you get to your people doing musical selections about you off -- I. Eagle is out of control focus so Michael horses everybody's -- And it's all about responsibility is what you and I daresay you and I are looking at and -- of course is of our responsibility. You can't afford something you can't have that big. That was the rule for the longest time. If you wanted something."

" You saved Ford's."

" Of course along the way we invented the idea that you could borrow from someone someone would loaning the money for something. But you have to repay them okay."

" And then it got to a point where we're the entire societal. Outlook change -- do you don't have to see for things. You don't have to work for things because somehow you're entitled. To something."

" You're entitled to the sneakers you're entitled to the pants you're entitled to the house we've heard from politicians now for a long time that you're entitled to -- homeowner -- you're not."

" I'm not."

" Not everyone is is supposed to be a home owner. We've been told somehow there's something ugly -- nasty here or wrong or or her room. Something worthy of embarrassment because he rants what's wrong with facts. Not everyone should own a home. And not every financial product that was out there in the mortgage world was a bad products. I keep hearing about adjustable rate mortgages they're terrible Jeff there evil that's the problem no. As I've said -- adjustable rate mortgage is a great idea for people who were in certain positions. If you work for a company that trains for you every three years if you're in the military you know you're gonna be transferred in two to four years if you -- thinking well we're gonna move anyway for whatever reason. There's nothing wrong with an adjustable rate mortgage. Now some people rolled the dice and Sidwell. Mortgage rates are pretty doggone -- I don't see them going back to the 161821%. That they were. When Jimmy Carter was president what I'll roll the dice. And people who had no idea what lied more wise all of a sudden found their lives intricately. Interwoven with the the fluctuations of Libor. Now all of that being sent. It your responsibility. We've heard from the whiners and babies and cry here's what's not fair Jeff my house lost money this isn't fair. My question to everybody who always says that and there are a lot of them by the way. What would happen if you made money. You've been frankly real estate market had not gone down home. What would have happened if your house were now worth 200000. Dollars instead of a 100000 dollars. Well. While I -- I would keep that money no no no no let's use your logic for a second. If we're all somehow we in this together they were all supposed to value now because your house has lost half its value. Then when your house increases in value than you all that the rest of us. Right let's get back to your calls 1877 Howie -- 18774694322. K Bob welcoming -- Howie -- show."

" And updated it decoy US junior senator Michael Moore the big fat idiot yeah. And along with the other to be competitive scenario that -- by frank and Chris Dodd. -- into the gap the other guys over a year ago for a lot of these regulators to these sub prime mortgages which is what got us into this problem yeah. You know free money entry -- essentially for these poor folk."

" That's right. -- I and you got lucky got the special deals Chris Dodd was was a friend of Angelos he got some special deals. We've seen all sorts of a special consideration Franklin Delano Raines became a a multi millionaire while he was heading up the agency analysis they they. The left was he in this up to their eyeballs will be unity given by the way and then will threaten you again if you don't go along."

" Yeah exactly and these are the real rate this year they're great the American public American families. I mean you'd you know Elizabeth Warren has. Pray for cheap the chair of the congressional oversight panel -- tar and she'd say and the MSNBC stay that. The same rags that were the big news. Just before the crisis in years before the crisis there still employees can you believe that."

" Of course Mr. Bush said. There's enough corruption to go around and I think they're a lot with that could that there are a lot of things that we're gonna bail -- in the future Bob and I appreciate the call cash for -- was one of these right now we're gonna save via the auto industry how we gonna do the re nationalize it. That's what we did. There's there's a great so little poster out there. Which has a picture of Barack Obama looking at his limousine he says you know I love that limousine so much I designed decided to by the company. So there we got government motors that we got cash for clunkers. Where cash for clunkers do quality did wonders for a for foreign auto makers. It raised the prices of used cars for people that frankly shouldn't have given up their cars in the first place think about this logic. Coming off this so called mortgage crisis. We say to people who do not have a car note is this was the essence of cash for clunkers remember the governments. Said hey. You deserve a brand new car and at that poured jerk over there he's gonna give -- 4000 dollars worth of taxpayer money to buy in new car. In your thing well you know I got used car. It's got 90000 miles on a but it runs and I don't have to pay anybody every month for it all investors don't you deserve a new car you're into high eight old too it's. How long you think it is until we have -- new bailout program for the cash for clunkers. Right it's printing about a year don't think -- year maybe eighteen months. Oh and then here's another ugly part of it. 50%. Of people in this country are underwater. On their mortgage -- 50% of people who have a mortgage on their home all more on their home -- it's worth. Believe me that bill will come -- as well annual pay for that to pay rich welcome and how we partial."

" Yeah how are you know what it's so funny you just stole -- thought you must be a mind reader cutter is gonna make two point and one was. You gotta be careful about those 50% of the people are upside down -- nose and they're gonna come on their roots. And you know just to combat what Michael Moore said. Are good lawyers present a clothing for both the bank as well as the buyer and at playing time during a clothing they explain everything cute. Our interest rates payments blah blah blah although necessary can just -- to do so they're candidates third party that is supposedly. He you know just data represent both sides."

" Depends on the state. Some states are lawyers state some states are escrow states. When I lived in California -- it was a pure escrow state which meant. You never even saw the person you bought the house for you when it on a Monday signed your paperwork. They went in on -- Tuesday signed their paperwork -- it would seem to me if you're spending more than all I don't know. A thousand dollars in somethin' doesn't -- will be to spend the couple hundred bucks and lawyers to you know which -- doing."

" All -- shirt and then dead in their responsibility of progress throughout the -- future of the mortgage company did well so if you don't have legal representation that's really. Like I guess -- tech got the bad tractor and is hoping they were doing some real shady things. What do you give it some affinity industry get they get some on them check with prudential responsibility there I think they were pumping people without just like acorn they had -- yeah it's the X amount of people had. Which again we complain -- government art but there's -- the -- mortgages so you came David you're breathing you're getting a mortgage. Yeah so I mean there is. There is a responsibility from these other agencies but then they should be held responsible I -- government web site. These folks should be directed not the taxpayer unfortunate government is that taxpayer but. Nonetheless that's not to say it's. It's -- all these poor people live there that there are some others that can be responsible --"

" Absolutely hey rich I appreciate the call to whether how we car show. Were there people that there were were fudging things kids listen. Is that the sad reality of living in this world is that there are dishonest people. Were there some dis honest mortgage brokers yeah yeah thank absolutely. People came in stated income loans no doc loans these are greats. How much do you make I make one could she billion dollars a year it's like Kevin Homer Simpson come in. Bread no dock on I'm gonna make one booted Jillian dollars and excellence -- pay Ian -- sure you can't. So I I will absolutely grant you that there were some people on the mortgage side that. Played fast and loose. And there were some programs that's. I don't know I certainly if I if I owned the bank if I were part of a banking operation. Would I go along with the with the no doc loan situation. Well again it's a roll the dice you got to -- ask your actuaries is all about the law large numbers. How many people are gonna come in for no doc loans what sort of information do we half stated income loans. Well here's what we've determined we've been doing them for for fifteen years and we determined that three point 2% of them go sideways and all the rest of them pay them because fundamentally people prior -- whatever it is okay. And then you can decide yet this is a good product to market this is not a good product to market your choice. Personally I wouldn't but that's me. So that would be it. You make it impossible -- just make it reasonable. So when you had standards when you had requirements you were told if you were bank. You were doing something evil you're doing something wrong. You were racist if you weren't making certain loans and the bankers have a way to make it work bankers. You can't find less racist people. You can't find people less inclined to discriminate why because all we care about -- money. All they want is a profit they wanna return. And if you are pink or purple or blue and you'll be able to pay the points on it you got it baby. We've demonize the bankers. Now there was a whole idea of of the derivatives and how you you bundle these mortgages collateralized mortgage obligations. You put them all together. Now that in another self is not an outrageous thing. Are you gonna sell mortgage in the secondary market the answer is yes. In most cases in fact almost every case you any -- sign your mortgage papers let's say at 9 AM you know that by 10 AM somebody also wounded really. So that was the norm. That it was a time when your local bank kept that paper. And you don't by the way didn't have much problem with the sub prime mortgages the rest -- local banks who wrote local mortgages for local people. -- they really did do with the old fashion when they knew people. But the banks say okay we wanna sell these mortgages how're we gonna do well first of all we have to figure out a way to -- all of this stuff. Are they good risks are bad risks are they is considered eighty. Classifications for the likelihood of a -- faults. And they needed wrap them together and they sell them often say well you don't have to buy just one mortgage we've got essentially get a thousand mortgages 10000 mortgage you can buy a piece of what does it do again law of large numbers it lessens your risk. But then they came up with derivatives which essentially said. Let me describe it in in in in a scene in which context atlas which is. About a mortgage or collateralized mortgage obligation. -- taking a slice of Bologna and putting on top of a slice of a salami in a slice of cheese -- a slice of Turkey has may get as big stack he'll give -- what. Right -- was style sandwich. We still know what did you recognize there's a slice of cheese there's a slice of a Turkey there's okay. Thing you cut it in half now you've got to with a new okay that's okay Jeff I still seats. Any kind of enforce I can still make it out. What happens when they start rolling the meat and rolling the cheese. And then slicing it can only do what you got that's what a mortgage derivative essentially became aren't. It's my food analogy for the day Jim welcome to rally car show."

" I just wanna make a comment that about a bumper sticker I saw one time that reports Michael Moore and funny -- it all these liberals quite well good bumps look at a picture of -- Dumpty on it. And the words were -- to get that says I'm he dumped the worst push."

" Absolutely I think they did you were all victims my friend Mike is up next they might welcome the valley car show. I'm Mike. Mike now let's go to Andrea hi Andrea."

" I -- how are you today I am finding yourself. A great candidate -- a -- and alienate the angry as a woman and yeah. I am not what you would car very liberal or conservative -- aren't voting and touched by and so warm and carry it. How cool actual rape victims to compared something like a bad financial and -- Legitimate choice yeah turned raped which has nothing to do it choice whatsoever. It's. And I wanna know we are are these liberal women's rights movement women's activist groups. That would be Khrushchev I think somebody each step was you know a Republican if they had said something like that."

" Yeah that's a great question injury ice yeah this I listen I say this as the son of a mother. The husband of a wife and the father of a daughter. If any of the women in my life were raped and some jackass like Michael Moore had the audacity to compare this to -- I would be -- I would be beside myself it's outrageous."

" It is totally outrageous let me know -- Really feel bad for even the liberal women that listen to Michael Moore and probably agree that a lot of it points they they should be fuming -- rate now just. Add that the Alley you know bad he can get something you don't. Cruel and heartless to actually write in your financial life I mean come on it's not apple apple."

" Yeah injury I'm waiting for now unaudited the national organization women did something interesting well you know what they took David Letterman to task. Over what over his conduct recently and has as much as I disagree with a lot of the nonsense it's come out of now in recent years. I applaud them for that either absolutely right Letterman was a pig and this it was absolutely disgusting it was that totally wrong way this is not the way you operate. -- and they ought to stand up they they seem to have some guts on their side now they ought to stand up and say Michael Moore you're a big fat jackass how dare you compare the victims of rape with somebody out who got to a point higher on their mortgage rigs ridiculous."

" Exactly they can shoot at tech art. Organizations like now what little credibility they know that they're Madeleine he can't -- and -- it."

" Absolutely Andrea Irish call it you. All right 1877. Howie -- 1877469. 4322 you wanna jumping on the jump one I'd love you 2617779346. Out of course. Take a look at -- how we poll question is that how we car dot com Michael Moore. Is a big fat idiot that seems to be the general consents fair enough our publicity -- is that's not the point. The point is. The point is that he did heirs to compare. Victims are great these are real victims you've never spoken with a woman who has been rates. As I have. You understand the dvd ugliness to its very core. In the temerity to this guy has to make the comparison is is outrageous. -- say about the high school principals who -- now responsible for feeding. Your children all just another small piece of responsibility cut another chunk of freedom that goes away and it makes us all that much more dependent on that's rights. The government I'm Jeff Katz sitting in for how we this afternoon this is that how we car show. It's rally car -- Jeff Katz sitting in for Howie Carr this afternoon 877 Howie -- 8774694322. How -- cart dot com three go to check the how we question how we poll question about Michael Moore. Course jump -- 6177793469. Michael Moore. You know it's not about Michael Moore although it's. What he's the one who made the stupid comments. About this idea of responsibility who's responsible for you. -- used to be such a in easy question. In fact there was a time that wouldn't even have been a question who's responsible for you how older. -- three years old OK -- mom and dad mom and dad are responsible for. I'm eighteen. OK you are responsible for you. I'm 45 all will of course you're responsible for yourself not anymore. Not anymore now with somebody else. And you're good to see if you're a victim and you need someone who's gonna rescue -- That's for the government comes. That's worthy the socialists. Government folks come they come in and -- won't take your view. Does not gonna cautioning his -- everything's free. Then you start looking at the -- it is gonna cause blowing all this free stuff is really expensive now don't worry but don't worry about two pretty. Don't worry your pretty little head about it no -- it's all free we're all here to help. Your victory. Country about the same school principal seconds well let me go to Jim he Jim welcome and how we car show."

" Pay -- is all very very very demoralizing que up a few weeks we've produced several generations of American. The -- that all Republicans are bad. No war no war -- poured everything that Michael Moore says it's true I mean you watch this movie that fired stick it. The guys look at that occurred nobody challenger yet on any of the fact that need it it just. It's demoralizing."

" Well only if it is demoralizing a particularly because he still regarded as a documentary filmmaker and there are people who expose the the out now and falsehoods in his movies and that you know it doesn't matter it just doesn't everybody goes on. Happily on their way."

" I'm not here right -- me -- Roy beauty -- talk about responsibility and nobody lost irresponsible remark be where we're 300 million people -- landed at how many billion. Yeah we want free healthcare free housing we don't want irresponsible for ourselves beyond me. People talking about. Immoral and is that people don't have health care what update 25 million Yevgeny who may not even he is single doctor Derek higher light. It Marlins did that -- but -- what would -- be out of the financial markets and the world. The paper -- ask you how much -- gonna go wobble board of bankrupt in the rest the world that you all or part of what your debt."

" Yeah well listen -- the time has come and already make no mistake about it we Ari wholly owned subsidiary at this point but China. We we've seen some ugly stuff happened on Wall Street were with the naked short selling out and if you followed any of their people were just making stuff up. Which is -- groups like Lehman Brothers were were were sexually decimated. I don't know how long it happens Jim I don't know I don't know when we get back to being Americans I don't know when we get back to having statesman who were leaders who stand up and say you know. This is the truth you know -- your hearts and this is what we have to do I don't know. I wish I knew. Jim I appreciate the call Bob is up next Bob welcome in the Howie -- show."

" I -- how Leo while Clinton the American people need to do their homework Michael Moore is nothing more than a distraction. For the real plunderous the Federal Reserve Bank yeah. You know the president -- get rid of the boom and bust economy. Excuse me the Federal Reserve Bank was created specifically to admit -- step boom and bust. Did people has deepened the data they can and then pulled the rug from underneath them. This could go -- on since 1913. People need to do their homework. They have applauded Peres the they have caused this crisis. And until we get rid of them. Nothing will change their deep based stock currency. My god -- Monica I think not debt right now as we speak."

" Well you know it's a good point Bobble on the dollar we're we're seeing the dollar destroyed we're seeing Barack Obama's best friends in the Arab world say we're gonna stab America in the back end. And eliminate the dollar as the currency of choice cited his friends of the United Nations say yeah we need something other than. The greenback and doubt Obama continues to whistle. And I don't know if he's he's simply whistling past the graveyard if he's gonna break out the a fiddle and fiddle like Nero while while while America burns but look this is a guy who is in way over his pay grade isn't he the one who talked about that I think he is."

" Well he violated his oath of office. And quite frankly you know. We we've really got to get down get to the meat and potatoes of this whole thing. And in my opinion it is the Federal Reserve Bank with out question. You always have that every single ball on that the Federal Reserve prints we pay interest on. Why not get rid of the Fed to give these powers back to the congress. As they were before 1913. In power the treasurer to -- got currency has been fed does right now -- the -- We would have a US note in -- free we could pay aspect. We base signature."

" Well it's an interesting idea Bob. I know I I appreciate the call here's why things will not happen and I appreciate the call up. Because they're gonna be painful. It we -- right now what needs to be done we understand. That somebody is going to pay for all of this but we simply kick the can again -- you know what we don't wanna pay for -- and it's not just is not just team Obama Hank Paulson was up to his eyeballs -- nonsense -- Goldman -- guys after their eyeballs in this basic you know what we're gonna kick -- a little bit -- first we're gonna -- we're gonna -- our -- we're -- Lehman Brothers -- because nobody -- Lehman Brothers we're gonna create all of these imaginary. Shares it is a great article that's out right now. In a wall places Rolling Stone magazine this guy -- to buying I think this is name does a great expose say on what was really happening with the naked short selling. And how would was responsible. For creating out of whole cloth out of thin air. Literally millions of shares in companies that didn't exist. And then they decimated and anyway Bob I gotta run I appreciate the call -- thank you sir thank you -- breakfast of school is now on the principle that's a headline. It's from the city of my birth Philadelphia but it could be anybody aware. AA anywhere where there's where there's a -- anywhere where you can make someone more dependent on the government. Someone to share that with."

" and work it into the conversation if you don't mind. School district of Philadelphia has decided they will hold principals accountable. For the number of students eating breakfast in their school. -- repeat that for you because you probably didn't hear it in the first place you probably thought I said that. The school district of Philadelphia will hold principals accountable for the number of students eating breakfast in the schools and you thought -- that can't possibly be true because that's insane. Let me tell you what I actually sent at the school district of Philadelphia will hold principals accountable for the number of students eating breakfast in their schools. Breakfast participation will now be part of the report card that rates -- school principals each year. Along with other categories such as attendance. And performance in reading and math. Every child in the Philadelphia school system 165000. Children in the Philadelphia school system. All of them regardless of income are now eligible for free breakfast how does that work. Free and reduced breakfasts. Every child that goes to the public schools 165000. Of them. Regardless of the income. Is eligible for a taxpayer. Provided breakfast was like yourself to not free they're provided by taxpayers. But the school district says only 54008. Breakfast last year or so. They wanna have a new system quote. Of accountability this is the first accountability system for school meals in the history of the school system it's very exciting. So says Jonathan Stein -- lawyer with community legal services. These senior vice president of food services for the school district said. I he was equally please quote one of our main goals is to help improve a child's ability to learn work we're working with the principles to make this happen they're already reaching out to us. The Teamsters union which represents. Which represents school principals boy what does that say about it in this day and age I say you're doing a disservice to principles by holding them accountable. Without controlling for other variables. Should a principle be blamed for student who ate breakfast at home and therefore doesn't Eaton school. Are we going to get forced -- this. Teamsters slash principal union says I think it's wrong to assume no parent Philadelphia's providing breakfast each day. So will talk about that because it's again part of the responsibility. Things that are being taken away from parents turned over to the government. And there's a reason. So lotteries answers there's a method. -- twisted madness more recalls of course are straight ahead it's 1877 Howie Carr 1877. 4694322. I'm Jeff -- sitting in for how we this afternoon this. It's like Howie Carr showed just kept sitting in for how we this afternoon. Paula finish the story from Philadelphia. Again it was located the dateline if you Willis Philadelphia but it could be anywhere. School principals will now be responsible for how many students eat breakfast at school. Is it insane a -- yeah. Stupid crazy -- I mean you you pick any adjective you'd like you pick any description this it's insane. School principals will now be held accountable by the school district for how many children eat. Lunch. Breakfast. Some principles like it's a terrible idea why she's a wonder why. You know what the state Department of Education -- in Pennsylvania they rules. That if students in the state eat breakfast in class with a teacher present. Eating breakfast counts as instructional. Time. Instruction felt -- It's -- same as -- reading a a book same as doing a math problem having the ability to eat breakfast in a classroom. Is instructional time no what does it mean. Means that your children will become closer and closer and closer to being come. Full fledged wards of the State's Steve is up next Steve welcome to our car show."

" There I don't think -- You mentioned you were mentioning. -- challenges before yes personal area I'd rather you and they Schwartz is smoke me."

" Off well absolutely listen if you if it. If you can get me Schwartz's -- there."

" I -- you won all you have to do is come down to Montreal and -- you weren't."

" Let me tell you -- Steve I would go to Montreal I would crawl to Montreal for a sandwich from Schwartz is really hit -- and I'll tell you what it's gotta be -- the only what I. I need to hear my arteries hardening his I eat that sandwich."

" I'm with you unless they're not I don't wanna like god. Just I think summarize what Michael Moore's point was -- yeah well first of all UK call these. Basic. I don't know just you know everyday Joes. You put him in many houses that they can't afford -- these. -- variable rate mortgages like you know all of a sudden their dreams are coming true. -- okay the bankers are making a fortune because everybody's getting mortgages nobody's being refused. Then they bundle them up the Wall Street Wall Street selling them as derivatives. They're making an absolute fortune. -- what happens is. You know good bit about how there's such a huge demand. Everybody's house is growing up in value so they're taking money out of bed and using it as a credit card then what happens is. Do you at least suckers who got those variable rates they can't pay anymore so the market starts collapsing. All the prices start you know going down everybody's losing value and their houses. And that's what caused it the entire financial. Meltdown and what happened was the Wall Street always got bailed out by the government. But the but the -- those days are left holding the bag not only are they paying the Wall Street boys but they don't have any -- anymore."

" Well I'll tell you what Steve in I may not be invited to a lot of lunches on Wall Street I don't think anybody should have gotten bail outs nobody. Listen to -- there's a real easy and that you have the opportunity to succeed that's because there's also an opportunity to fail. And when you take away the option to fail which you're really saying is we won't reward. And any hard work to achieve something. I don't Wall Street should have they they should those companies should've gone belly up because they deserve to go belly up."

" Yeah have a -- that's the true form of capitalism you're right you take a risk and then you make your profits and that if something bad happens. You lose but that thing one has. It gave English -- huge part of the entire US economy and it affected. The whole world economy because people in Europe we're investing in these bundled mortgages. So it was almost like they had no choice but to bail these guys -- there would have been a slide into a depression. You know Alice Cooper argument."

" Most share many guests watched. They are gonna happen at some point these bills have to be paid and all we've done is to say. We're not tough enough to pay them so we're gonna give them to somebody's grand children they're they're still gonna come dual. We're simply kicking this can further and further down the lane but at some point somebody's gonna say pay me. Pinned me you're paying me. And it's going to be painful then he would have been painful now. It would have been extremely painful now we've decided we'll take the easy way out we don't want to face it will leave it for a grandchildren. What do they do to deserve this."

" Oh I agree you if you could put that thing is swift with a politician. -- a wanna be good why it does the late on his watch that the collapse outspent dole of course you gonna are shipped out as much as he can't because politicians regardless whether be bush shirt. Or Obama or any other one you wanna make."

" You know what Steve this is why we don't need politicians anymore we need statesmen. That's what's missing Steve I appreciate the call my best to Schwartz is on the main. I'm Jeff Katz sitting in for how we this kids that Howie -- should."