[0:06:54] ... that would be interpreted as well we're not sure whether we're gonna. Bail out the next bank we're gonna do this on -- hoc basis but what investors thought and obviously what Dick Fuld at Lehman Brothers thought was. That that government was implicitly promising. To bail out all the institutions. And what really happened in Lehman Brothers was surprised. So what we learned was hopefully. Than in the future. The -- real I will articulate. What are the rationales for bailing out banks. And that we're not gonna bail out all bangs and so investors won't be surprised though note. That this is a narrow group of banks that are going to ...
[0:10:53] ... dollar banks. Well this would have cost money you can't you can't bail out banks without transferring money the bank -- to the stockholders and bondholders. So it all depends on exactly how he would bail out banks. The largest banks have enough debt. That if you give to debt holders have been in a -- cut. It wouldn't ...
[0:33:00] ... break. We come back. Where -- GM and -- be without the bailout they're back. ...
[0:34:11] ... doesn't even give you -- car. That sort of there weren't any bailout for GM and Chrysler children's own partner at Amherst partners. Joins us right now from Detroit. This is probably the question that ...
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[0:01:22] ... know much bigger target for example say Goldman Sachs a Wall Street bail out all kinds of other corruption out there. ...
[0:03:57] ... it did an investigative video on the Goldman Sachs it's called the bailout prize patrol was on YouTube in March. So I'm not -- and planned parent and -- done banks have done Acorn. As ...
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[0:00:19] ... doesn't even get you -- car. -- what if there weren't any bailout for GM and Chrysler children's own partner at Amherst partners. Joins us right now from Detroit. This is probably the question that ...
[0:00:50] ... this isn't something that impacts. Everyone's local economy. As drastically as the bailout of the banks but the fact of the matter is if GM and Chrysler would have went down. There would have been ...
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[0:01:40] ... billion dollar banks. -- this would've cost money you can't you can't bail out banks without transferring money -- hold to their stockholders and bondholders. So it all depends on exactly how he would bail out banks. The largest banks have enough debt. That if you give to debt holders of -- pair cut. It wouldn't cost time ...
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[0:00:26] ... topics. -- and discussed in the past year what -- would no bailout for the banks for the car industry what a dollar was no longer the reserve currency even what the government itself. Was ...
[0:06:53] ... that would be interpreted as well we're not sure whether we're gonna. Bail out the next bank we're gonna do this on -- hoc basis but what investors thought. And obviously what Dick Fuld at Lehman Brothers thought was. That that government was implicitly promising. To bail out all the institutions. And what really happened in Lehman Brothers was surprised. So what we learned was hopefully. Than in the future. The treasury will I will articulate. What are the rationales for bailing out banks. And that we're not gonna bail out all bangs and so investors won't be surprised though no. That this is a narrow group of banks that are going to ...
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[0:02:43] ... another deficit of 21 billion dollars. -- will they require a federal bailout. Well I -- her I don't know about that I mean that at the weight of the politics working California it seems that something has got to give. I very much hope it's not a federal bailout and actually the chancellor UC Berkeley has written Op Ed saying the federal government should pay for -- school. And there's no ...
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[0:00:01] ... little guys and gals large firms -- benefited from billions and federal bailout money. Handouts why many small businesses really almost all of them across this country continued to struggle. No money for them -- ...
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