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The One Thing: 5/7

Title:

The One Thing: 5/7

Published: Thu, 7 May 2009

Description: Stress tests just part of the game

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Automatically Generated Transcript (may not be 100% accurate)

" East but here is the one thing that nobody's going to tell you on the east this whole stress testing everything that's going on. This is a big game and I have to tell you there's I. I feel like you view of the -- of mine on the radio program you know I get into these places and maybe -- once or twice a year where I'd been. Something's been speculating inside of me and I have to tell yet. Something's going on and I think I'm just about at the edge of it and we're going to reveal a little bit of this on the stress test at the bottom of the hour the stress test. The government's latest move in this giant game that they are playing. That I don't think anybody showing you the real picture on what we're about to. I want to ask you this in the stretch to think about this logically the banks already follow strict reporting standards and the FDIC does stress tests that -- little all the time. So what is it that we're supposed to learn that we didn't already know who. Stress tests are nothing more than a way for the government to flex its muscle to show the banks whose boss or possibly. Nationalize through a back door. I am feeling that the results of the -- just digits that's going to mean more power for the federal government. And you know what another player that I think we need to keep our eye on his the FDIC. I think the FDIC is going to become a clearinghouse. For your money anything to do with your money why. Because he noticed the politicians -- their -- shy away from bailouts and everything else that nobody's talking about getting more money to the bank's. Well they're doing something else we'll talk about in the second but the FDIC. That's familiar to you I mean they're the good guys that -- the stickers on the bay doors you know them that still knows right. FDIC chief Sheila Bair said recently that the agency should have more power to take all over and close insurers. Bank holding companies and other financial institutions. Instead of just commercial banks. You watch they're going to get that power and a whole lot more. They're also playing a game with the budget President Obama has offered budget cuts totaling about one half. Of 1%. Of the three point four trillion dollar budget came out today. This is this is a game that is -- historic you know I'm sitting in this time 100 dinner the other day these that's probably a 100 most important be -- and -- like everybody in this -- my god what am I doing here. And I sit at a table they were all sitting there and I said. You know what -- to ask you -- a question. You know you might like his policies or hate his policies. But can we just forget about that has anybody here at this table actually thought. What does that collective. Look like what does America look like at the end of four years just what's come through the pipeline so far. The silence was deafening. So the purchase it next to me really smart individual reporter -- she went. -- No. Maybe we should. There's a game being played in the government with the banks and now also the media that's -- being played for a long time and yesterday have to be honest with -- And fortunately I became part of it. I was speaking with Scott -- he's the national national spokesman for the association of community organizers for relief for reform now although it's known as acorn. I was just having him on to get you know his excuse for the voter registration fraud and that -- group has been accused of in Nevada. But in the end I ended up. Being sucked into this ridiculous game that he plays. I I was brought down to his late his level and started playing his game that you know what it is and this is what one of the reasons why don't have a lot of dirt bags on the show. Because I'm incapable. Of -- not losing my mind when people are shady dot G -- just straight up lie when it comes to important things that actually matter. I can't take it I don't know and you know what I don't think you can either I think when you watch people on TV you get home after a long -- your feet up you sit next to your wife. -- you want his -- income groups yelling at each other on TV. Unfortunately that's part of what happened last night his little clip of it. Put or."

" Wrong I don't want to ask you some people had you not hear me on the street you know roll and hope that you not. Identity fraud excuse me excuse me I got -- talking about the voter registration fraud is not what we were charged. Would oh you what did you do Aaron these other states and all our employees. Weren't geared toward others just like -- like. Wal-Mart. Employee employee of the war in in this ancient Indian -- all my whole life and Wal-Mart if --"

" And that's -- show does Mike if you have that many yes again let me ask you this question. You did speak now."

" I mean I have to tell you. I am honestly ashamed of myself for that I can't I don't know how people do and I really don't have a respect for the -- sixty minutes I don't know how they do it they sit there. Release. I -- my mind. I have said for years you couldn't disagree with me but you better be able back up your argument with facts that I -- win over the -- the radio show today. I have one after breathing the resembled a fact he is the national representative for acorn no argument. And then when we got up and we went into commercial break we look and didn't do we don't have any tape of -- doing. Unfortunately we just have 12345678. Witnesses that were here on the set -- yesterday. He gets up and he says to me you're just afraid of black people. You calling me a racist that's it that's what you got to you're trying to intimidate me I mean I know that's what your organization does. Then right after this. He Eagles -- the green room and who grabs one of my producers puts his arm around a producer and says hey you're really a doll we should go out and a date. Just -- living in the 1950. Is easy part of the rat -- something. But it was all over this morning I get and we have our morning -- at 7:15 in the morning. And all face. Says you should see what I have on my message machine here at the office here it is."

" So glad he. Is a web. They fight like a girl. Your call."

" You vehicle a unique -- Fights like a girl. This is the national spokes person. -- he wears the national organization for women come on do all see ya. You know I try to use an analogy yesterday but he just blather on about a Burger King employee on YouTube who took the -- in the same if you remember this -- I mean I don't think it was clear to the acorn guy so let me try it again. In real life the burger king -- there was fired and Burger King made a public apology and said he was a rogue employee. Now imagine if instead -- can -- all one employee we found out the same thing was happening in burger kings all across the country. Do you think you'd be able to see a pattern there maybe there was something with the management and the culture of the company. Now what if they're spokesperson and Burger King came out and and said a gay you leave dog and -- about -- and is not variety it was -- you know fourteen year old -- People in fourteen different states hey you you just -- a burger -- legal faced. -- I -- any responsible. Company. Would fire that guy. But and I'm pretty sure he still has his job today. No CEO would tolerate their national spokesperson. To present them in that light. But apparently the acorn guy not to a rogue employee he's at the top of the food chain. What does that tell you about the kind of quality people they have in their management. They're fraud charges are not just isolated incidents they are facing allegations like I said in fourteen different states there's -- fraud charges today coming out of Pennsylvania. By the way -- by Democrats. So why is this group still protected how can they be so arrogant. How can they say is they -- in in Las Vegas story about it hey it's somebody always -- blood the thing and say. Let me tell you something they are eligible for billions of dollars in taxpayer dollars in the stimulus bill. They say they're not gonna go for any of that really what do you are you suddenly flush with cash AEA -- say -- he's coming Polonia. What what happened here. Why are they now a national partner of the US Census Bureau to help recruit workers to count every person in the United States pet doesn't seem like a good idea. Why is that happening because this is all -- game. To a lot of people in Washington and there's a lot of your money. That is changing hands and considering that the team we're playing against can change the rules and -- change in the rules when ever -- like. Some will tell you there's no way to win. But don't -- face neck and sweet -- so I think you're a real -- ring -- broad so what this hour on got to bring is some solutions it'll be a guess."

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