1 00:00:00,120 --> 00:00:02,880 Speaker 1: Hopefully you're not dealing with the chaos of what has 2 00:00:02,920 --> 00:00:07,200 Speaker 1: happened with the airlines. Mayor Pete just made it known. 3 00:00:07,320 --> 00:00:09,000 Speaker 1: First of all, they found may Or Pete. This is 4 00:00:09,039 --> 00:00:11,400 Speaker 1: exciting in itself. He's on a maternity leave right now. 5 00:00:11,400 --> 00:00:15,360 Speaker 1: He's actually playing dress up with Wolf Blitzer on CNN. 6 00:00:15,960 --> 00:00:21,040 Speaker 1: He's now come out and said on Southwest Airlines chaos, quote, 7 00:00:21,079 --> 00:00:26,279 Speaker 1: this is an unacceptable situation. Their system really has completely 8 00:00:26,400 --> 00:00:29,560 Speaker 1: quote unquote melted down. So if you want to know 9 00:00:29,560 --> 00:00:32,280 Speaker 1: who to blame, it's the private sector, not the Transportation 10 00:00:32,400 --> 00:00:35,839 Speaker 1: Secretary or the Biden administration, not at all. Listen to this. 11 00:00:36,120 --> 00:00:39,239 Speaker 1: I understand you just spoke directly with the CEO of 12 00:00:39,240 --> 00:00:42,839 Speaker 1: Southwest Airlines. Did you get any explanation at all for 13 00:00:42,920 --> 00:00:48,960 Speaker 1: this horrendous meltdown of epic proportions? Whole meltdown is the 14 00:00:49,040 --> 00:00:52,000 Speaker 1: right word. This is an unacceptable situation. You look at 15 00:00:52,000 --> 00:00:54,600 Speaker 1: the number of passengers who are stranded. You look at 16 00:00:54,600 --> 00:00:56,240 Speaker 1: how hard it is even to get somebody on the 17 00:00:56,240 --> 00:00:59,320 Speaker 1: phone to address it. From what I can tell, Southwest 18 00:00:59,440 --> 00:01:02,760 Speaker 1: is unable to locate even where their own crews are, 19 00:01:03,000 --> 00:01:06,959 Speaker 1: let alone their own passengers, let alone baggage. So I 20 00:01:07,040 --> 00:01:10,640 Speaker 1: conveyed to the CEO our expectation that they are going 21 00:01:10,680 --> 00:01:13,559 Speaker 1: to go above and beyond to take care of passengers 22 00:01:13,560 --> 00:01:16,559 Speaker 1: and to address this. They indicated a number of issues 23 00:01:16,560 --> 00:01:21,679 Speaker 1: that they're having with systems, legacy systems for managing their 24 00:01:21,760 --> 00:01:24,360 Speaker 1: schedule and where their crews are. But the bottom line 25 00:01:24,480 --> 00:01:27,480 Speaker 1: is the rest of the aviation system has been on 26 00:01:27,520 --> 00:01:31,000 Speaker 1: the road to recovery since the worst days of the storm, 27 00:01:31,040 --> 00:01:34,160 Speaker 1: going into Friday of last week. As of today, as 28 00:01:34,200 --> 00:01:36,960 Speaker 1: I'm looking at the different airlines, most of them are 29 00:01:37,000 --> 00:01:40,240 Speaker 1: in the low single digits in terms of cancelation rates, 30 00:01:40,640 --> 00:01:44,119 Speaker 1: averaging about five percent. For all of the other airlines. 31 00:01:44,560 --> 00:01:46,760 Speaker 1: For Southwest right now, we appear to be north of 32 00:01:46,880 --> 00:01:51,840 Speaker 1: seventy percent. So their system really has completely melted down. 33 00:01:52,120 --> 00:01:55,000 Speaker 1: And I've made clear that our department will be holding 34 00:01:55,000 --> 00:01:58,720 Speaker 1: them accountable for their responsibilities to customers, both to get 35 00:01:58,760 --> 00:02:00,920 Speaker 1: them through this situation and to make sure that this 36 00:02:00,960 --> 00:02:04,400 Speaker 1: can't happen again. I love this, right, We're gonna hold 37 00:02:04,440 --> 00:02:08,520 Speaker 1: them accountable. Okay, So the federal government, you guys can't 38 00:02:08,520 --> 00:02:12,679 Speaker 1: even secure a border, right you can't even figure out 39 00:02:12,720 --> 00:02:15,400 Speaker 1: how to deal with power issues in our power grid 40 00:02:15,440 --> 00:02:19,880 Speaker 1: in this country where people are having major meltdowns, are 41 00:02:19,919 --> 00:02:23,840 Speaker 1: actually freezes right now all over the country. But you're 42 00:02:23,919 --> 00:02:27,960 Speaker 1: gonna hold Southwest Airlines accountable and they better do everything 43 00:02:28,000 --> 00:02:30,120 Speaker 1: they can to help people doing the holidays. Now. Look 44 00:02:30,160 --> 00:02:32,880 Speaker 1: in theory, I would say that you know, if you're 45 00:02:32,919 --> 00:02:35,040 Speaker 1: stuck right now, you want someone to look into this. 46 00:02:35,160 --> 00:02:38,320 Speaker 1: You're angry right it's ruined your Christmas. You're trying to 47 00:02:38,320 --> 00:02:42,240 Speaker 1: get home. This is a disaster. But for the federal 48 00:02:42,320 --> 00:02:44,920 Speaker 1: government at this point to stand up like Mayor Pete, 49 00:02:45,800 --> 00:02:47,880 Speaker 1: he's a guy that couldn't even figure out the basic 50 00:02:47,960 --> 00:02:52,000 Speaker 1: issues at our port. That destroyed many American businesses and 51 00:02:52,040 --> 00:02:55,440 Speaker 1: small businesses when they couldn't get their basic goods they 52 00:02:55,440 --> 00:02:58,880 Speaker 1: need to sell. That hurt the economy in a major way. 53 00:02:59,000 --> 00:03:01,480 Speaker 1: Hurt small businesses. We were affected by it. We would 54 00:03:01,480 --> 00:03:04,480 Speaker 1: see the ship with our cargo sitting there on it 55 00:03:04,560 --> 00:03:07,760 Speaker 1: for our store. We knew what number in line it was. 56 00:03:07,800 --> 00:03:10,760 Speaker 1: They couldn't offload these ships. Where was he he was 57 00:03:10,960 --> 00:03:14,320 Speaker 1: on You guessed it. He was on maternity leave for 58 00:03:14,400 --> 00:03:17,600 Speaker 1: a couple months. And now he wants me to be like, Oh, 59 00:03:17,639 --> 00:03:20,160 Speaker 1: the federal Government's gonna come to the rescue. Let's be 60 00:03:20,240 --> 00:03:24,120 Speaker 1: honest about this. If you think the federal government's gonna 61 00:03:24,160 --> 00:03:27,240 Speaker 1: fix this problem, you're an idiot. If you think mayor 62 00:03:27,320 --> 00:03:30,040 Speaker 1: Pete is going to fix this problem, you're an idiot. 63 00:03:30,120 --> 00:03:33,720 Speaker 1: If you think the federal government's gonna hold Quote Southwest 64 00:03:33,800 --> 00:03:37,640 Speaker 1: Airlines to task for this, you're an even bigger idiot. 65 00:03:38,440 --> 00:03:41,520 Speaker 1: The federal government it's not gonna fix this problem. They're 66 00:03:41,520 --> 00:03:44,200 Speaker 1: not even gonna get close to fixing this problem. And 67 00:03:44,320 --> 00:03:47,160 Speaker 1: this total meltdown will be fixed, I will say this 68 00:03:47,280 --> 00:03:50,520 Speaker 1: by the private sector. That's how it always works. Now. 69 00:03:50,640 --> 00:03:52,480 Speaker 1: Is it fair to say that this should have been 70 00:03:52,520 --> 00:03:55,400 Speaker 1: handled better, and there's certainly things that should have changed, Yes, 71 00:03:55,840 --> 00:03:58,160 Speaker 1: but we all know that when you know what hits 72 00:03:58,160 --> 00:04:02,440 Speaker 1: the fan, because of the lobbyists and because of the 73 00:04:02,480 --> 00:04:06,640 Speaker 1: federal government, we don't have to worry about getting screwed. 74 00:04:06,840 --> 00:04:10,080 Speaker 1: We know we're gonna get screwed. If you're flying right now, 75 00:04:10,480 --> 00:04:13,600 Speaker 1: the airlines are going to screw you. They're gonna claim 76 00:04:13,600 --> 00:04:15,640 Speaker 1: it's weather related, so don't have to give you a 77 00:04:15,720 --> 00:04:19,359 Speaker 1: voucher for anything. They say. We're not God. We can't 78 00:04:19,360 --> 00:04:22,240 Speaker 1: control the weather, right, but all of the rules and 79 00:04:22,400 --> 00:04:26,760 Speaker 1: all of the regulations of the quote airlines, every single 80 00:04:26,839 --> 00:04:29,080 Speaker 1: time you need them to step in. They don't do it. 81 00:04:29,400 --> 00:04:32,360 Speaker 1: We've seen people remember since the trapping of people on 82 00:04:32,480 --> 00:04:35,760 Speaker 1: the tarmacs and the in the you know, the airport 83 00:04:35,800 --> 00:04:39,400 Speaker 1: for our the airplane for twelve hours, fifteen hours, nineteen hours. 84 00:04:39,880 --> 00:04:42,120 Speaker 1: When all that happened, they promised it would never happen again. 85 00:04:42,200 --> 00:04:45,719 Speaker 1: Guess what, it's happened again. In fact, it happens on 86 00:04:45,760 --> 00:04:48,839 Speaker 1: a pretty regular basis, not necessarily in large numbers, but 87 00:04:48,920 --> 00:04:52,480 Speaker 1: it happens. There were celebrities this last week talking about 88 00:04:52,480 --> 00:04:55,560 Speaker 1: being trapped on the airplane for nine ten hours, and 89 00:04:55,720 --> 00:04:58,400 Speaker 1: people were tweeting about it. Remember the government may Or 90 00:04:58,440 --> 00:05:01,200 Speaker 1: Pete said this will never happen under my leadership, and 91 00:05:01,200 --> 00:05:03,279 Speaker 1: we're going to change the rules and the laws, and 92 00:05:03,360 --> 00:05:07,640 Speaker 1: we're gonna make it so expensive for these airlines that 93 00:05:07,680 --> 00:05:10,640 Speaker 1: they'll never think of doing again. That's exactly what they're doing. 94 00:05:11,680 --> 00:05:14,919 Speaker 1: They're gonna keep doing it because the federal government is 95 00:05:15,000 --> 00:05:18,800 Speaker 1: not going to deal with these airlines. Why, because they're 96 00:05:18,839 --> 00:05:22,120 Speaker 1: on the take. This is all about being on the take. 97 00:05:22,200 --> 00:05:24,279 Speaker 1: Anyone that thinks it's not about being on the take, 98 00:05:24,320 --> 00:05:28,920 Speaker 1: you're an idiot. These special interest groups, the transportation sector 99 00:05:29,000 --> 00:05:31,960 Speaker 1: specifically gives a hell of a lot of money over 100 00:05:32,040 --> 00:05:34,360 Speaker 1: and over and over and over and over and over 101 00:05:34,400 --> 00:05:38,080 Speaker 1: again to Democrats. And why do they do this because 102 00:05:38,120 --> 00:05:40,560 Speaker 1: they know then they will never be held accountable for 103 00:05:40,600 --> 00:05:43,240 Speaker 1: any of this. They know it. They're not dumb, they 104 00:05:43,360 --> 00:05:47,040 Speaker 1: understand it. And you can yell and say, or as 105 00:05:47,080 --> 00:05:48,839 Speaker 1: Mayor Piez says, you know where we're gonna I just 106 00:05:48,920 --> 00:05:51,040 Speaker 1: talk to them and I told them what they're gonna 107 00:05:51,080 --> 00:05:54,560 Speaker 1: have to do, and they better pay attention because we're watching. 108 00:05:55,000 --> 00:05:58,520 Speaker 1: I promise you the CEO right now of Southwest Airlines, 109 00:05:58,880 --> 00:06:02,560 Speaker 1: the last person he's worried about right now is the 110 00:06:02,680 --> 00:06:07,480 Speaker 1: Transportation Secretary. If there's anybody he's worried about, it's probably 111 00:06:07,640 --> 00:06:11,360 Speaker 1: passengers that might never fly Southwest again because of them 112 00:06:11,440 --> 00:06:14,680 Speaker 1: ruin their holidays. But then there becomes the next part 113 00:06:14,680 --> 00:06:17,479 Speaker 1: of it. And let's be also honest about this. The 114 00:06:17,600 --> 00:06:22,960 Speaker 1: airlines have been able to consolidate to the point where 115 00:06:22,960 --> 00:06:27,320 Speaker 1: you have virtually no options. And if Southwest Airlines screws 116 00:06:27,440 --> 00:06:29,200 Speaker 1: this up as bad as they have, and they have 117 00:06:29,279 --> 00:06:32,520 Speaker 1: screwed it up very badly here, people are still going 118 00:06:32,560 --> 00:06:36,640 Speaker 1: to fly Southwest because it is quote the cheapest, and 119 00:06:36,680 --> 00:06:39,080 Speaker 1: they'll forget about it. In three months or six months 120 00:06:39,080 --> 00:06:42,160 Speaker 1: and certainly by this time next year. There's also just 121 00:06:42,200 --> 00:06:45,760 Speaker 1: not enough competition on major routes in this country. That's 122 00:06:45,800 --> 00:06:48,440 Speaker 1: one of the biggest problems that we have. If you 123 00:06:48,520 --> 00:06:51,440 Speaker 1: want to fly direct, usually you're screwed. You might have 124 00:06:51,560 --> 00:06:55,560 Speaker 1: one or two options. If that so, all the people 125 00:06:55,600 --> 00:06:57,880 Speaker 1: that are sitting there while their system is melting down, 126 00:06:57,880 --> 00:06:59,760 Speaker 1: their crews are not there, they don't know where they're 127 00:07:00,120 --> 00:07:02,720 Speaker 1: what'sar and all of these things. Do not think for 128 00:07:02,760 --> 00:07:05,000 Speaker 1: a second that mayor Pete is going to come to 129 00:07:05,160 --> 00:07:08,760 Speaker 1: your rescue and save you here. This is the same government, 130 00:07:08,800 --> 00:07:12,440 Speaker 1: by the way, that allowed, because of special interests, the 131 00:07:12,600 --> 00:07:19,920 Speaker 1: total collapse of XTF not recently costing people billions of dollars. 132 00:07:20,440 --> 00:07:23,720 Speaker 1: There was an investor on today who lost one point 133 00:07:23,760 --> 00:07:28,720 Speaker 1: three million during the FTX collapse. He said his chance 134 00:07:28,760 --> 00:07:30,960 Speaker 1: of getting his money back is zero. And this is 135 00:07:31,080 --> 00:07:34,360 Speaker 1: again the federal government was supposed to be looking over 136 00:07:34,440 --> 00:07:37,400 Speaker 1: all this. If they couldn't do that with a massive 137 00:07:37,480 --> 00:07:40,080 Speaker 1: Ponzi scheme, what makes you think they're going to do 138 00:07:40,120 --> 00:07:43,640 Speaker 1: it with the airlines. My next guest is a crypto 139 00:07:43,720 --> 00:07:47,760 Speaker 1: investor who lost nearly one point three million dollars during 140 00:07:47,840 --> 00:07:53,360 Speaker 1: the FTX collapse, Calvin Side joins me. Now, Calvin, thank 141 00:07:53,400 --> 00:07:57,080 Speaker 1: you for talking to us. How confident are you that 142 00:07:57,120 --> 00:08:02,040 Speaker 1: you can recover your money? Okay, first of all, thanks 143 00:08:02,040 --> 00:08:06,440 Speaker 1: for having me. Actually, actually I've already written off my 144 00:08:07,040 --> 00:08:10,440 Speaker 1: FTX losses on on on my book, So I guess 145 00:08:10,520 --> 00:08:13,280 Speaker 1: the chance of having my money pack is nearly zero. 146 00:08:14,360 --> 00:08:16,880 Speaker 1: Maybe some analysts out there saying that we could have 147 00:08:17,400 --> 00:08:19,920 Speaker 1: the money back, maybe like having a haircut off ten 148 00:08:19,920 --> 00:08:23,360 Speaker 1: percent or ten twenty percent, But I guess the situation 149 00:08:23,480 --> 00:08:25,720 Speaker 1: is we will be very long, like a several years 150 00:08:25,920 --> 00:08:29,520 Speaker 1: according to the past, like a bankruptcy of some other 151 00:08:29,680 --> 00:08:33,880 Speaker 1: cryptogras platform back in twenty fourteen or fifteen. So I've 152 00:08:33,880 --> 00:08:36,880 Speaker 1: already I think that my memory is going to be 153 00:08:37,000 --> 00:08:42,320 Speaker 1: zero in an event zero. This guy's at least honest. 154 00:08:42,400 --> 00:08:44,719 Speaker 1: Now he knows the bitcoin and all of this, and 155 00:08:44,800 --> 00:08:49,520 Speaker 1: the XTF disaster was in an unregulated industry. Why was 156 00:08:49,559 --> 00:08:54,360 Speaker 1: it unregulated? I'm gonna answer that question for you because 157 00:08:54,400 --> 00:08:57,480 Speaker 1: the guy was the second largest donor of the Democratic Party. 158 00:08:57,840 --> 00:09:00,680 Speaker 1: He was best friends with Nancy Pelosi and best friends 159 00:09:00,679 --> 00:09:04,160 Speaker 1: with Democrats. He gave insane amounts of money. Why is 160 00:09:04,200 --> 00:09:06,959 Speaker 1: it that you could shadow band, conservatives and big tech 161 00:09:07,000 --> 00:09:09,880 Speaker 1: could get away with it because they were all big, big, 162 00:09:09,920 --> 00:09:14,160 Speaker 1: big best friends with liberals. You notice about the conspiracy theories, 163 00:09:14,160 --> 00:09:15,920 Speaker 1: and we're gonna get into the Twitter files, I can 164 00:09:15,920 --> 00:09:17,480 Speaker 1: promise you in a moment, but I just going to 165 00:09:17,520 --> 00:09:20,080 Speaker 1: start with this generic. If you think the government's here 166 00:09:20,080 --> 00:09:22,440 Speaker 1: to save you, protect you, and help you, you're just wrong. 167 00:09:22,800 --> 00:09:24,920 Speaker 1: If you think they're gonna fix things like this as 168 00:09:24,920 --> 00:09:29,160 Speaker 1: simple as an airline debacle that we're dealing with right now. 169 00:09:29,160 --> 00:09:32,880 Speaker 1: With transportation, they can't even fix a power grid, folks. 170 00:09:33,720 --> 00:09:36,959 Speaker 1: And if they can't fix a power grid, if they 171 00:09:37,000 --> 00:09:41,280 Speaker 1: can't handle cold temperatures like we are dealing with right now, 172 00:09:41,679 --> 00:09:46,240 Speaker 1: what makes you think they can deal with complex issues. 173 00:09:46,960 --> 00:09:50,400 Speaker 1: They're not gonna fix the problem with flying. Anytime you 174 00:09:50,760 --> 00:09:54,040 Speaker 1: any company wants to have a meltdown, they're gonna let 175 00:09:54,080 --> 00:09:58,520 Speaker 1: them do it, and they're not gonna hold them accountable. 176 00:09:58,800 --> 00:10:02,240 Speaker 1: They're not gonna fix None of it will be fixed. 177 00:10:02,720 --> 00:10:06,239 Speaker 1: Understand it, know it, and just deal with that reality. 178 00:10:07,360 --> 00:10:10,559 Speaker 1: This government is not in the business of fixing problems. 179 00:10:11,400 --> 00:10:13,640 Speaker 1: You look at what was happening. Everybody that said there 180 00:10:13,720 --> 00:10:16,400 Speaker 1: was a you know, it's a conspiracy theory. Right, if 181 00:10:16,400 --> 00:10:19,360 Speaker 1: you said and you told the truth, if you told 182 00:10:19,440 --> 00:10:26,000 Speaker 1: the truth about what was happening on social media silencing conservatives, 183 00:10:26,040 --> 00:10:29,400 Speaker 1: everybody said you were crazy. It can't be, it's not real, 184 00:10:29,520 --> 00:10:32,440 Speaker 1: it's not true. Again, I go back to the basics 185 00:10:32,480 --> 00:10:35,480 Speaker 1: on this one. The federal government can be bought off 186 00:10:35,600 --> 00:10:38,200 Speaker 1: the airlines that bought them off. Big Tech has bought 187 00:10:38,240 --> 00:10:42,839 Speaker 1: them off. And they I mean the XTF and all this, 188 00:10:42,960 --> 00:10:46,520 Speaker 1: everybody bought them off to look the other way. So 189 00:10:46,600 --> 00:10:49,480 Speaker 1: nothing's gonna change when it comes to the airlines, mark 190 00:10:49,559 --> 00:10:52,760 Speaker 1: my word. Nothing's gonna change with the regulations of new 191 00:10:52,800 --> 00:10:55,800 Speaker 1: industries as long as the people leading those industries early 192 00:10:55,920 --> 00:11:00,000 Speaker 1: on given sane amounts of money to the Democratic Party, 193 00:11:00,200 --> 00:11:03,800 Speaker 1: silencing by the deep state, the FBI, the federal government 194 00:11:04,160 --> 00:11:08,959 Speaker 1: of conservatives will no one will be held accountable for this. 195 00:11:08,960 --> 00:11:12,400 Speaker 1: This is how the game is played now. It's not rigged. 196 00:11:13,320 --> 00:11:17,120 Speaker 1: It's their normal game. The game's always been rigged. It's 197 00:11:17,120 --> 00:11:19,840 Speaker 1: the worst I've ever seen it, and maybe that's just 198 00:11:19,920 --> 00:11:23,200 Speaker 1: because now we're experiencing just how bad it actually is. 199 00:11:24,160 --> 00:11:26,920 Speaker 1: But they're not going to stop rigging it. They're not 200 00:11:27,040 --> 00:11:31,120 Speaker 1: gonna stop silencing or censoring Conservatives, and they're sure as 201 00:11:31,160 --> 00:11:34,240 Speaker 1: hell not going to stop taking donations from shady and 202 00:11:34,280 --> 00:11:41,600 Speaker 1: corrupt people buying influence over industries like cryptocurrency. All of 203 00:11:41,600 --> 00:11:45,080 Speaker 1: these liberals and all of these famous people that got 204 00:11:45,080 --> 00:11:47,000 Speaker 1: money from XTF. You think they're gonna give them money 205 00:11:47,040 --> 00:11:50,480 Speaker 1: back to the victims. Hell no, Look at all the Democrats. 206 00:11:50,480 --> 00:11:53,720 Speaker 1: It took money from the XTF founder. How many of 207 00:11:53,760 --> 00:11:56,520 Speaker 1: them decide to give the money back. None of them 208 00:11:56,559 --> 00:11:59,520 Speaker 1: have that I know of. At this point. You would 209 00:11:59,559 --> 00:12:01,320 Speaker 1: think they would have given it all back to the 210 00:12:01,360 --> 00:12:06,240 Speaker 1: people that they mean. These are stolen funds, right number two, 211 00:12:06,280 --> 00:12:11,760 Speaker 1: Guy XTF writing massive checks with other people's money to 212 00:12:11,800 --> 00:12:14,680 Speaker 1: the Democratic Party because he knew he could keep his 213 00:12:14,760 --> 00:12:17,520 Speaker 1: Ponzi scheme going, and he could do it as long 214 00:12:17,559 --> 00:12:19,080 Speaker 1: as he could do it for as long as he 215 00:12:19,160 --> 00:12:23,640 Speaker 1: possibly could if they didn't regulate his business. And that's 216 00:12:23,679 --> 00:12:26,760 Speaker 1: what they did. The government is not at your savior. 217 00:12:26,920 --> 00:12:30,760 Speaker 1: The government is not your friend. Today, the Supreme Court 218 00:12:30,800 --> 00:12:34,920 Speaker 1: has ordered the Title forty two border restrictions are to 219 00:12:35,000 --> 00:12:40,120 Speaker 1: remain in effect while legal challenges play out. Title forty 220 00:12:40,120 --> 00:12:42,040 Speaker 1: two will send the books until at least early to 221 00:12:42,120 --> 00:12:46,120 Speaker 1: mid twenty twenty three. Is what the Supreme Court has 222 00:12:46,200 --> 00:12:49,800 Speaker 1: now said this is obviously big you know, a big story, 223 00:12:49,880 --> 00:12:53,720 Speaker 1: a big deal, and the Supreme Court will hear these 224 00:12:53,880 --> 00:12:58,200 Speaker 1: arguments on whether these states can actually ask individual states 225 00:12:58,200 --> 00:13:00,880 Speaker 1: can ask to preserved out of forty two order safeguards 226 00:13:01,280 --> 00:13:04,280 Speaker 1: when the Biden administration tries to let the policy die, 227 00:13:05,440 --> 00:13:08,880 Speaker 1: voting today to leave the Trump Air policy in place 228 00:13:09,559 --> 00:13:12,199 Speaker 1: until it hands down a decision in the case by 229 00:13:12,280 --> 00:13:16,400 Speaker 1: early summer of twenty twenty three. Now, as you may know, 230 00:13:16,720 --> 00:13:19,840 Speaker 1: Title forty two allows federal agents to turn away illegal 231 00:13:19,840 --> 00:13:24,240 Speaker 1: aliens immediately without taking them into custody if the agent 232 00:13:24,280 --> 00:13:27,800 Speaker 1: believes the alien might have COVID nineteen. Even though the 233 00:13:27,960 --> 00:13:30,440 Speaker 1: number of illegal crossings is at an all time high, 234 00:13:30,559 --> 00:13:32,800 Speaker 1: the number at the border would be up to double 235 00:13:32,840 --> 00:13:39,160 Speaker 1: their current levels without the policy in place. So how 236 00:13:39,200 --> 00:13:41,719 Speaker 1: did Stanon cover it a moment ago when they had 237 00:13:41,760 --> 00:13:44,800 Speaker 1: to tell you what happened? This is amazing. Listen to 238 00:13:44,840 --> 00:13:47,240 Speaker 1: how depressed they are, like they're on I mean, this 239 00:13:47,320 --> 00:13:51,120 Speaker 1: is like TV suicide watch. They want to turn out 240 00:13:51,160 --> 00:13:54,400 Speaker 1: to breaking news. The US Supreme Court has issued has 241 00:13:54,559 --> 00:13:57,360 Speaker 1: ordered Title forty two to stay in place while legal 242 00:13:57,440 --> 00:13:59,959 Speaker 1: challenges play out. Now, Title forty two is the Trump 243 00:14:00,080 --> 00:14:03,600 Speaker 1: era pandemic policy, which allows border officials to expel migrants 244 00:14:03,640 --> 00:14:07,880 Speaker 1: either back to their home countries or into Mexico. I 245 00:14:07,880 --> 00:14:09,760 Speaker 1: want to bring in c and in justice to correspond 246 00:14:09,800 --> 00:14:12,200 Speaker 1: to Jessica Schneider. Jess what are you seeing right now 247 00:14:12,360 --> 00:14:14,440 Speaker 1: and what's been released? Well, Phil, we've been waiting for 248 00:14:14,480 --> 00:14:16,600 Speaker 1: this from the Supreme Court for about a week now. 249 00:14:16,640 --> 00:14:19,800 Speaker 1: The bottom line here is that whereas Title forty one, 250 00:14:19,920 --> 00:14:22,240 Speaker 1: or sorry, Title forty two was set to expire on 251 00:14:22,280 --> 00:14:26,320 Speaker 1: December twenty first, it will remain in place indefinitely at 252 00:14:26,360 --> 00:14:29,360 Speaker 1: this point because the Supreme Court has stepped in to 253 00:14:29,520 --> 00:14:33,040 Speaker 1: definitively say that, yes, we are going to initially here 254 00:14:33,160 --> 00:14:37,160 Speaker 1: side with the Republican States Led States who were challenging 255 00:14:37,600 --> 00:14:40,000 Speaker 1: the end of Title forty two, and we're going to 256 00:14:40,040 --> 00:14:42,760 Speaker 1: schedule arguments on this case to decide one of the 257 00:14:42,840 --> 00:14:47,200 Speaker 1: issues here in February. In the meantime, Title forty two 258 00:14:47,240 --> 00:14:49,760 Speaker 1: will stay in place it was supposed to end. Then 259 00:14:49,800 --> 00:14:52,840 Speaker 1: these Republican led States jumped in, asking the Court to 260 00:14:53,480 --> 00:14:56,120 Speaker 1: then jump in. The Supreme Court did jump in, And 261 00:14:56,200 --> 00:14:59,720 Speaker 1: now the Supreme Court is clarifying here saying we jumped 262 00:14:59,760 --> 00:15:02,040 Speaker 1: in and we're also going to grant the Republican led 263 00:15:02,080 --> 00:15:05,520 Speaker 1: States request to hear this case and to keep Title 264 00:15:05,560 --> 00:15:09,360 Speaker 1: forty two in place until we decide that. So. I 265 00:15:09,440 --> 00:15:11,760 Speaker 1: love how depressed they are. They're like, they can't even 266 00:15:11,800 --> 00:15:13,800 Speaker 1: figure out what they're like, Title forty What I mean, 267 00:15:13,840 --> 00:15:18,560 Speaker 1: Title forty They're distraught. They are completely distraught. How could 268 00:15:18,600 --> 00:15:21,640 Speaker 1: it be? How could it possibly be that we lost this? Like? 269 00:15:21,720 --> 00:15:23,920 Speaker 1: How is this like? How could this have happened? We 270 00:15:23,960 --> 00:15:25,760 Speaker 1: should have been able to allow millions and millions of 271 00:15:25,800 --> 00:15:28,080 Speaker 1: people to come in here right away. We don't understand it. 272 00:15:28,800 --> 00:15:33,680 Speaker 1: How could this be? This is not how they're supposed 273 00:15:33,680 --> 00:15:35,560 Speaker 1: to work. Remember, they like to just make up things 274 00:15:35,680 --> 00:15:39,000 Speaker 1: they go. They like to dictate. They like to make 275 00:15:39,000 --> 00:15:43,320 Speaker 1: it very clear that you can dictate people what you 276 00:15:43,360 --> 00:15:48,160 Speaker 1: want them to do, force them into submission, silence them, 277 00:15:48,920 --> 00:15:51,440 Speaker 1: demand that they live a certain way, do things a 278 00:15:51,520 --> 00:15:55,080 Speaker 1: certain way. You know in the Southwest Airlines chaos. This 279 00:15:55,160 --> 00:15:59,560 Speaker 1: is an unacceptable situation. No it's not. You guys have 280 00:15:59,680 --> 00:16:02,680 Speaker 1: created the industries where this is completely acceptable. Let's not 281 00:16:02,760 --> 00:16:06,920 Speaker 1: act like you that this is not something that they 282 00:16:06,920 --> 00:16:10,560 Speaker 1: that you've allowed by design, the same way that this 283 00:16:10,640 --> 00:16:14,200 Speaker 1: investor who lost one point three million during this FTX collapse, 284 00:16:14,240 --> 00:16:17,160 Speaker 1: says in his words, he says there's a zero chance 285 00:16:17,160 --> 00:16:20,440 Speaker 1: of getting his money back because he knows the federal 286 00:16:20,520 --> 00:16:24,160 Speaker 1: government is not going to step up and do anything 287 00:16:24,240 --> 00:16:27,400 Speaker 1: about this. Look at look at the national news. I 288 00:16:27,400 --> 00:16:31,360 Speaker 1: gotta play this clip for you. Okay, this is the 289 00:16:31,480 --> 00:16:35,640 Speaker 1: national news. They said worst Christmas ever? Right, They want 290 00:16:35,680 --> 00:16:38,400 Speaker 1: you to to be outraged because of all the cancelations. I'm like, 291 00:16:38,480 --> 00:16:40,720 Speaker 1: did you have you have you not been paying attention 292 00:16:40,760 --> 00:16:43,520 Speaker 1: to the last ten, fifteen, twenty years. The airlines on 293 00:16:43,760 --> 00:16:47,040 Speaker 1: us were like cattle. They can treat us, actually worse 294 00:16:47,080 --> 00:16:50,760 Speaker 1: than counter because cattle at least have pete on their side. Okay, 295 00:16:50,800 --> 00:16:53,440 Speaker 1: this is the worst it gets because they don't care 296 00:16:53,480 --> 00:16:56,520 Speaker 1: about us. You can be stranded for two, three, four days. 297 00:16:56,600 --> 00:16:59,520 Speaker 1: The airlines don't care because they know that the government 298 00:16:59,640 --> 00:17:02,840 Speaker 1: is not gonna hold them accountable. Even when there are 299 00:17:02,840 --> 00:17:07,720 Speaker 1: headlines like this listen historic winter storm through a haymaker 300 00:17:08,000 --> 00:17:11,560 Speaker 1: to holiday travel, thousands of flights are canceled or delayed. 301 00:17:11,560 --> 00:17:14,800 Speaker 1: Southwest Airlines passengers are feeling the biggest blow, with more 302 00:17:14,840 --> 00:17:18,760 Speaker 1: than sixty percent of flights canceled today. As Alex Perez explains, 303 00:17:18,760 --> 00:17:24,080 Speaker 1: federal authorities are now looking into the massive breakdown. I said, 304 00:17:24,440 --> 00:17:27,480 Speaker 1: no one's getting on a fight southbus flight for four days, 305 00:17:27,480 --> 00:17:29,920 Speaker 1: and I said, we can't help you go home. Southwest 306 00:17:29,960 --> 00:17:32,800 Speaker 1: Airlines melting down in the wake of the Christmas holiday. 307 00:17:33,000 --> 00:17:35,720 Speaker 1: Christmasmas just ruined. This was the worst Christmas ever. While 308 00:17:35,800 --> 00:17:38,800 Speaker 1: thirty eight hundred flights were canceled across the country Monday 309 00:17:38,880 --> 00:17:42,640 Speaker 1: after the punishing winter storm, nearly three quarters of them 310 00:17:42,680 --> 00:17:46,280 Speaker 1: were Southwest flights, and the company has already canceled over 311 00:17:46,359 --> 00:17:50,240 Speaker 1: two thousan five hundred flights today, with more misery expected 312 00:17:50,320 --> 00:17:53,680 Speaker 1: this week. It's been catastrophic. It is simply a failure 313 00:17:53,960 --> 00:17:57,600 Speaker 1: of Southwest management. When asked about the collapse, of spokespersons 314 00:17:57,600 --> 00:18:00,359 Speaker 1: for Southwest blaming the weather, I think it's just the 315 00:18:00,359 --> 00:18:02,800 Speaker 1: sheer size of the storm. It's just the fact that 316 00:18:02,840 --> 00:18:07,040 Speaker 1: this one started west, swept east and impacted almost every 317 00:18:07,080 --> 00:18:09,199 Speaker 1: single one of our largest airports. That put us in 318 00:18:09,200 --> 00:18:11,880 Speaker 1: a position where we struggled to recover, and we struggled 319 00:18:11,920 --> 00:18:14,520 Speaker 1: to get our flight crews and airplanes where they needed 320 00:18:14,560 --> 00:18:17,280 Speaker 1: to be. In a statement, the company vowing will work 321 00:18:17,320 --> 00:18:19,600 Speaker 1: to make things right for those that we've let down. 322 00:18:19,760 --> 00:18:24,119 Speaker 1: We recognize falling short and sincerely apologize, but federal officials 323 00:18:24,160 --> 00:18:27,720 Speaker 1: are launching an investigation into the chaotic response, the Department 324 00:18:27,720 --> 00:18:31,800 Speaker 1: of Transportations saying it is concerned by Southwest's unacceptable rates 325 00:18:31,800 --> 00:18:35,199 Speaker 1: of cancelations and delays and reports of a lack of 326 00:18:35,280 --> 00:18:40,440 Speaker 1: prompt customer service, adding it will investigate whether cancelations were controllable. 327 00:18:41,359 --> 00:18:48,320 Speaker 1: Again this TSA, are this transportation statement here right? Department 328 00:18:48,320 --> 00:18:54,080 Speaker 1: of Transportation Administration saying it this way. It's laughable. Okay, 329 00:18:54,119 --> 00:18:57,960 Speaker 1: it is laughable. They're not gonna do anything. There's not 330 00:18:58,040 --> 00:19:00,479 Speaker 1: going to be some big fine for this, all right. 331 00:19:00,560 --> 00:19:03,119 Speaker 1: Anyone thinks that there is, you're an idiot if you 332 00:19:03,119 --> 00:19:04,920 Speaker 1: think it's gonna And by the way, the final will 333 00:19:04,960 --> 00:19:09,440 Speaker 1: be nothing compared to the reality of what we're watching 334 00:19:09,480 --> 00:19:12,880 Speaker 1: and witnessing right now. Okay, so that's not I mean 335 00:19:13,160 --> 00:19:16,720 Speaker 1: this idea that they're like, oh, Southwest is shaking in 336 00:19:16,720 --> 00:19:19,919 Speaker 1: their boots right now. They know, look, we give you 337 00:19:19,920 --> 00:19:23,520 Speaker 1: guys money. Shut up. I mean, Jeff, this is called 338 00:19:23,640 --> 00:19:27,480 Speaker 1: buying off a government. Is there any doubt in your 339 00:19:27,520 --> 00:19:29,200 Speaker 1: mind that what I'm saying right now is going to 340 00:19:29,240 --> 00:19:31,280 Speaker 1: be spot on, that there's not going to be hell 341 00:19:31,359 --> 00:19:35,720 Speaker 1: to pay for what just happened. If you think the 342 00:19:35,800 --> 00:19:39,439 Speaker 1: government's going to come in and the government is going 343 00:19:39,480 --> 00:19:43,920 Speaker 1: to fix any of these problems, you are flat out stupid. 344 00:19:45,040 --> 00:19:48,359 Speaker 1: They are not. They will not. There is no chance 345 00:19:48,400 --> 00:19:50,760 Speaker 1: that they're going to stop it. There's no way they're 346 00:19:50,760 --> 00:19:53,920 Speaker 1: gonna stop it. They're gonna keep letting these companies make 347 00:19:53,960 --> 00:19:56,439 Speaker 1: their record profits, and then every time they need to 348 00:19:56,600 --> 00:20:01,280 Speaker 1: bail out, we bail out the transportation is because all 349 00:20:01,320 --> 00:20:04,440 Speaker 1: of these centers and congressmen are on the take. How 350 00:20:04,440 --> 00:20:08,120 Speaker 1: many times in your lifetime, Nancy, have we bailed out 351 00:20:08,160 --> 00:20:10,320 Speaker 1: the airlines? All right? We bailed him out after nine 352 00:20:10,320 --> 00:20:13,320 Speaker 1: to eleven. We bailed him out again after that, noa, 353 00:20:13,520 --> 00:20:16,800 Speaker 1: we bailed him out again. And with the you know, 354 00:20:16,840 --> 00:20:20,120 Speaker 1: the lockdowns and everything with COVID. I mean, we bailed 355 00:20:20,160 --> 00:20:23,160 Speaker 1: them out. And it doesn't matter how much money they need. 356 00:20:23,200 --> 00:20:27,800 Speaker 1: We'll give them the money every single time, every time, 357 00:20:28,160 --> 00:20:32,040 Speaker 1: over and over and over and over again. If they 358 00:20:32,080 --> 00:20:33,960 Speaker 1: need to bail out, they get it. And then when 359 00:20:33,960 --> 00:20:37,159 Speaker 1: they screw up, they always say, oh, there's gonna be 360 00:20:37,240 --> 00:20:40,119 Speaker 1: hell to pay and record fines. This is no different 361 00:20:40,119 --> 00:20:42,920 Speaker 1: than Wells Fargo. Have you guys looked at there was 362 00:20:42,960 --> 00:20:44,840 Speaker 1: a very inchting tweet that was sent out and I 363 00:20:44,920 --> 00:20:46,840 Speaker 1: got to find it, all right, I'll do my best 364 00:20:46,880 --> 00:20:49,280 Speaker 1: to find it. But there was a very inchesting tweet 365 00:20:49,280 --> 00:20:51,399 Speaker 1: about the other day that you know, oh, wells Fargo 366 00:20:51,480 --> 00:20:54,679 Speaker 1: gonna be held accountable for what they did. And I'm sorry, 367 00:20:54,720 --> 00:20:57,240 Speaker 1: I just kind of had to laugh at it because 368 00:20:57,280 --> 00:20:59,560 Speaker 1: I knew that this was not gonna be something they 369 00:20:59,560 --> 00:21:02,200 Speaker 1: were gonna be held accountable on over and over again. 370 00:21:02,240 --> 00:21:05,199 Speaker 1: They can screw their customers. Yes they get fines, but 371 00:21:05,280 --> 00:21:08,840 Speaker 1: it's not more than their profits, and so they allow 372 00:21:08,880 --> 00:21:11,240 Speaker 1: them to do it. And every couple of years it 373 00:21:11,280 --> 00:21:14,520 Speaker 1: seems like these big banks are able to screw people 374 00:21:14,600 --> 00:21:17,400 Speaker 1: and then they have these fines that come and no 375 00:21:17,480 --> 00:21:20,159 Speaker 1: one really gives a care after that, right, like the 376 00:21:20,240 --> 00:21:23,919 Speaker 1: fines happened. So what now? Before I get into more 377 00:21:23,920 --> 00:21:25,800 Speaker 1: of this story, I want to say thank you and 378 00:21:25,800 --> 00:21:28,399 Speaker 1: tell you about our good friends at Legacy Precious Metals. 379 00:21:28,440 --> 00:21:31,840 Speaker 1: Without them, the show wouldn't be possible. And if you 380 00:21:32,119 --> 00:21:34,120 Speaker 1: have not looked at gold and silver as a way 381 00:21:34,119 --> 00:21:36,760 Speaker 1: to protect your hard earned dollars against what they happening 382 00:21:36,760 --> 00:21:40,120 Speaker 1: on Wall Street with inflation, it's time for you to 383 00:21:40,160 --> 00:21:42,919 Speaker 1: call them and get the Free Investor's Guide. Why because 384 00:21:42,960 --> 00:21:45,439 Speaker 1: so many around the world are now using gold and silver, 385 00:21:45,920 --> 00:21:49,320 Speaker 1: and historically they have for decades as a protection, a 386 00:21:49,400 --> 00:21:52,239 Speaker 1: hedge against inflation, which is exactly what we're dealing with 387 00:21:52,359 --> 00:21:55,439 Speaker 1: right now. If you're terrified to look at your retirement account, 388 00:21:55,440 --> 00:21:58,280 Speaker 1: your four one case statement because of what's happening on 389 00:21:58,320 --> 00:22:01,080 Speaker 1: Wall Street, that's all the more reason why you should 390 00:22:01,119 --> 00:22:03,200 Speaker 1: call and get the investors got in gold and silver, 391 00:22:03,560 --> 00:22:06,879 Speaker 1: protect your hard earned money and diversify. Call them and 392 00:22:06,920 --> 00:22:10,440 Speaker 1: get the free Investor's Guide from Legacy Precious Medals one 393 00:22:10,560 --> 00:22:15,440 Speaker 1: eight six six seven five one twenty two eighteen one 394 00:22:15,480 --> 00:22:19,879 Speaker 1: eight six six seven five one twenty two eighteen or 395 00:22:19,920 --> 00:22:25,520 Speaker 1: online at Legacy PM investments dot com. Wells Fargo is 396 00:22:25,520 --> 00:22:27,919 Speaker 1: a perfect example. The government is not here to help you. 397 00:22:28,480 --> 00:22:34,760 Speaker 1: The government's bought off by big donors. They're bought off 398 00:22:34,760 --> 00:22:38,560 Speaker 1: by special interests. Banking is a great example. This story 399 00:22:38,640 --> 00:22:40,680 Speaker 1: you may not have even seen this past week. It's 400 00:22:40,680 --> 00:22:42,520 Speaker 1: a really big story. It's a story every one of 401 00:22:42,560 --> 00:22:46,800 Speaker 1: you should have known about. The CFPB has ordered Wells 402 00:22:46,840 --> 00:22:53,080 Speaker 1: Fargo to pay a three point seven billion dollar fine 403 00:22:54,119 --> 00:23:00,639 Speaker 1: for wide spread mismanagement of auto loans mortgages and deposit accounts. Now, 404 00:23:00,680 --> 00:23:02,840 Speaker 1: if you don't know where the cf PB is, it 405 00:23:02,920 --> 00:23:08,399 Speaker 1: stands for the Consumer Financial Protection Bureau. The company Wells 406 00:23:08,400 --> 00:23:14,040 Speaker 1: Fargo repeatedly mislabeled loan payments, wrongfully foreclosed on homes. No 407 00:23:14,119 --> 00:23:17,040 Speaker 1: big deal there. You just lose your home and illegally 408 00:23:17,119 --> 00:23:23,440 Speaker 1: repossess vehicles, incorrectly assess fees and interests, and charge surprise 409 00:23:23,720 --> 00:23:28,000 Speaker 1: over draft fees, along with other illegal activity affecting over 410 00:23:28,200 --> 00:23:32,560 Speaker 1: sixteen million consumer accounts. Now, you just get your head 411 00:23:32,560 --> 00:23:36,040 Speaker 1: around sixteen million consumer accounts and you get your head 412 00:23:36,080 --> 00:23:39,360 Speaker 1: around this headline. Wow, three point seven billions a lot 413 00:23:39,359 --> 00:23:41,600 Speaker 1: of money to pay in a fine, is it not? 414 00:23:41,680 --> 00:23:45,440 Speaker 1: If you're Wells Fargo, it's not. This is just if 415 00:23:45,440 --> 00:23:49,199 Speaker 1: you went back in time and said, hey, Wells Fargo, 416 00:23:49,800 --> 00:23:53,760 Speaker 1: if you do all of these things later on down 417 00:23:53,800 --> 00:23:55,160 Speaker 1: the road, you're not to pay a fine for three 418 00:23:55,160 --> 00:23:57,639 Speaker 1: point seven billion. I think they would actually sign up 419 00:23:57,680 --> 00:24:02,280 Speaker 1: to do it on purpose. I think they realize this 420 00:24:02,359 --> 00:24:05,920 Speaker 1: was a great decision because even if you got caught, 421 00:24:05,960 --> 00:24:09,440 Speaker 1: it was worth it. It was worth the risk. Who 422 00:24:09,480 --> 00:24:12,600 Speaker 1: cares if you screw people's lives? Who cares if you 423 00:24:12,680 --> 00:24:17,639 Speaker 1: foreclose on homes illegally repossessed vehicles. Right, if you wrongfully 424 00:24:17,720 --> 00:24:21,480 Speaker 1: foreclose on someone and then illegally repossessed their vehicle and 425 00:24:21,560 --> 00:24:24,440 Speaker 1: then incorrectly assess fees and interest to their bank accounts, 426 00:24:24,480 --> 00:24:27,679 Speaker 1: then you charge them surprise overdraft fees and along with 427 00:24:27,720 --> 00:24:31,200 Speaker 1: other illegal activity, and you affect sixteen million consumer accounts 428 00:24:31,240 --> 00:24:34,119 Speaker 1: doing this, you'd think of fine A three point seven 429 00:24:34,200 --> 00:24:37,560 Speaker 1: billion is a lot of money, but in reality it's not. 430 00:24:39,359 --> 00:24:43,040 Speaker 1: The Consumer Financial Protection Bureau also came out like they 431 00:24:43,040 --> 00:24:45,960 Speaker 1: were Billy bad A right ordering, Well, it's farther to 432 00:24:46,040 --> 00:24:49,800 Speaker 1: pay the more than two billion dollars and redress the 433 00:24:49,880 --> 00:24:54,320 Speaker 1: consumers and one point seven billion civil penalty for legal 434 00:24:54,440 --> 00:24:57,720 Speaker 1: violations across several of its largest product lines. Doesn't matter. 435 00:24:57,760 --> 00:25:01,720 Speaker 1: They're making record profits the banks that legal conduct led 436 00:25:01,760 --> 00:25:04,879 Speaker 1: to billions of dollars in financial harm to its customers 437 00:25:05,400 --> 00:25:08,520 Speaker 1: and for thousands of customers the loss of their vehicles 438 00:25:08,520 --> 00:25:12,199 Speaker 1: and homes. You basically stole homes and vehicles from people, 439 00:25:12,560 --> 00:25:14,680 Speaker 1: and you did it knowing that what you were doing 440 00:25:14,760 --> 00:25:17,560 Speaker 1: was wrong, and you did it anyway, and yet they 441 00:25:17,560 --> 00:25:20,600 Speaker 1: are still operating. Did any of their banks shut down 442 00:25:20,600 --> 00:25:22,639 Speaker 1: over this note? Did any of them closed down. No, 443 00:25:23,920 --> 00:25:26,560 Speaker 1: did anybody really get fired from this base on what 444 00:25:26,640 --> 00:25:31,040 Speaker 1: I can tell No, do you get to screw Americans 445 00:25:31,080 --> 00:25:34,120 Speaker 1: and you pay off the right politicians and the Democratic 446 00:25:34,200 --> 00:25:37,280 Speaker 1: Party and some of them in the Republican Party, and 447 00:25:37,359 --> 00:25:39,840 Speaker 1: you can keep screwing them over and over again as 448 00:25:39,840 --> 00:25:44,880 Speaker 1: long as you're willing to pay the fine. Wells Fargo 449 00:25:45,000 --> 00:25:49,640 Speaker 1: quote unquote rents repeat cycle violating the law has harm 450 00:25:49,720 --> 00:25:55,159 Speaker 1: millions of American families. That's with the consumer, the cf 451 00:25:55,520 --> 00:25:59,840 Speaker 1: PD director said. They said the CFPD is ordering Wells 452 00:26:00,000 --> 00:26:03,120 Speaker 1: Ago to refund billions of dollars of consumers across the country. 453 00:26:03,520 --> 00:26:06,080 Speaker 1: This is an important initial step for accountability and long 454 00:26:06,160 --> 00:26:10,960 Speaker 1: term reform of this repeat offender. Wells Fargo is one 455 00:26:10,960 --> 00:26:14,120 Speaker 1: of the nation's largest banks, serving households across the country. 456 00:26:14,119 --> 00:26:19,399 Speaker 1: It offers a variety variety of consumer financial services, including mortgages, 457 00:26:19,480 --> 00:26:23,360 Speaker 1: auto loans, savings and checking accounts, and online banking services. 458 00:26:24,480 --> 00:26:27,959 Speaker 1: According to today's enforcement action, Wells Fargo harm millions of 459 00:26:28,000 --> 00:26:32,680 Speaker 1: consumers over a period of several years, with violations across 460 00:26:32,840 --> 00:26:35,280 Speaker 1: many of the bank's largest product lines. In other words, 461 00:26:35,280 --> 00:26:40,280 Speaker 1: they did this on purpose. The specific findings included that 462 00:26:40,320 --> 00:26:46,360 Speaker 1: Wells Fargo quote, unlawfully repossessed vehicles and bungled borrower accounts 463 00:26:46,960 --> 00:26:51,880 Speaker 1: on purpose. Wells Fargo had systemic failures and its servicing 464 00:26:51,880 --> 00:26:55,000 Speaker 1: of automobile loans that resulted in one point three billion 465 00:26:55,000 --> 00:26:59,560 Speaker 1: in harm across more than eleven million accounts. The bank 466 00:26:59,640 --> 00:27:03,560 Speaker 1: in correctly applied borrowers payments and properly charged fees and interests, 467 00:27:03,560 --> 00:27:08,240 Speaker 1: and wrongfully repossessed borrowers vehicles. In addition, the bank failed 468 00:27:08,280 --> 00:27:11,399 Speaker 1: to ensure that borrowers received a refund for certain fees 469 00:27:12,240 --> 00:27:16,639 Speaker 1: on add on products when a loan ended early. They 470 00:27:16,880 --> 00:27:20,640 Speaker 1: properly denied mortgage modifications during at least a seven year 471 00:27:20,680 --> 00:27:24,680 Speaker 1: period the bank was doing this. They legally charged surprise 472 00:27:24,840 --> 00:27:29,359 Speaker 1: overdraft fees, and they unlawfully froze consumer accounts where you 473 00:27:29,359 --> 00:27:34,399 Speaker 1: couldn't get your money and misrepresented fee waivers. Are they 474 00:27:34,440 --> 00:27:39,120 Speaker 1: still operating? Yes? Senator elect John Fetterman who starts off 475 00:27:39,160 --> 00:27:43,360 Speaker 1: debates by telling you good night, who looked like a 476 00:27:43,400 --> 00:27:46,399 Speaker 1: homeless person. Actually, that's not fair the homeless people. I 477 00:27:46,440 --> 00:27:49,720 Speaker 1: shouldn't say that. I apologize. He was named one of 478 00:27:49,760 --> 00:27:53,119 Speaker 1: the ninety three This is not a joke Most Stylish 479 00:27:53,240 --> 00:27:56,360 Speaker 1: People of the Year by the New York Times. Fetterman, 480 00:27:56,440 --> 00:27:59,600 Speaker 1: a Democrat, was given one line in the list, which 481 00:27:59,640 --> 00:28:06,359 Speaker 1: said that he is going to bring Carhart to the Capitol. Fetterman, 482 00:28:06,920 --> 00:28:10,440 Speaker 1: known for wearing shorts and a hoodie during campaign events 483 00:28:10,480 --> 00:28:13,400 Speaker 1: instead of a suit and tie, although, as The Daily 484 00:28:13,440 --> 00:28:15,840 Speaker 1: Mail noted, the Capitol has a dress code that requires 485 00:28:15,840 --> 00:28:19,440 Speaker 1: mail centers to wear a jacket and a tie. Independent 486 00:28:19,560 --> 00:28:23,040 Speaker 1: Journal Review pointed out that there is nothing fashionable about 487 00:28:23,040 --> 00:28:26,359 Speaker 1: Fetterman's clothing choice, but speculate that The New York Times 488 00:28:26,400 --> 00:28:29,040 Speaker 1: might have included him on the list because he's sparked 489 00:28:29,240 --> 00:28:32,439 Speaker 1: so much conversation during the campaign. I don't know if 490 00:28:32,480 --> 00:28:35,760 Speaker 1: it was conversation. It was more like mumbling incoherent thoughts. 491 00:28:35,800 --> 00:28:39,120 Speaker 1: But whatever. The New York Times though, because he's a 492 00:28:39,120 --> 00:28:42,959 Speaker 1: liberal on the you know that they're obsessed with, described 493 00:28:43,120 --> 00:28:46,840 Speaker 1: its list as high and low, fun and serious, curious 494 00:28:46,840 --> 00:28:50,120 Speaker 1: and open minded. It's sounding like they're writing about sexuality 495 00:28:50,120 --> 00:28:54,040 Speaker 1: at this point. They said that they had certain revealing 496 00:28:54,160 --> 00:28:59,880 Speaker 1: characters appreciate the material world in inviting everyone to the part. 497 00:29:00,320 --> 00:29:02,960 Speaker 1: All of these are ways at the time. Style Desk 498 00:29:03,040 --> 00:29:07,200 Speaker 1: defines its approach to whom and what it covers. Next 499 00:29:07,200 --> 00:29:11,240 Speaker 1: time someone says the media isn't biased. Just remind them 500 00:29:11,320 --> 00:29:16,720 Speaker 1: that they have decided that Fetterman is one of the stylish, 501 00:29:16,800 --> 00:29:22,120 Speaker 1: most stylish people of twenty twenty two. Okay, why would 502 00:29:22,160 --> 00:29:24,040 Speaker 1: they do this? That's one reason only They want to 503 00:29:24,040 --> 00:29:28,600 Speaker 1: suck up to him. They want access to Fetterman. Now 504 00:29:28,600 --> 00:29:31,800 Speaker 1: they've admitted now that Fetterman can't answer questions a usual way. 505 00:29:31,840 --> 00:29:33,800 Speaker 1: They're not sure exactly how he's going to even do 506 00:29:33,920 --> 00:29:36,800 Speaker 1: all the voting or how that's gonna work. But the 507 00:29:36,880 --> 00:29:41,520 Speaker 1: New York Times has said that bloody war right clothes 508 00:29:41,560 --> 00:29:44,320 Speaker 1: that made and look like a homeless person is now 509 00:29:44,360 --> 00:29:47,960 Speaker 1: a new style bringing Carhart to the Senate. As they 510 00:29:47,960 --> 00:29:52,720 Speaker 1: put it, these are the hacks of the Democratic Party. 511 00:29:52,840 --> 00:29:56,400 Speaker 1: These are the hacks of the media. And this is 512 00:29:56,440 --> 00:29:59,680 Speaker 1: how much they're willing to carry water for people, including 513 00:30:00,600 --> 00:30:05,440 Speaker 1: in this situation, in this scenario, exactly what I just described. 514 00:30:06,280 --> 00:30:10,000 Speaker 1: Fetterman is now one of the most stylish people. Now. Look, 515 00:30:10,040 --> 00:30:13,640 Speaker 1: I know a lot of Conservatives okay that are more 516 00:30:13,840 --> 00:30:17,320 Speaker 1: stylish than that. They would never put them on this 517 00:30:17,360 --> 00:30:22,520 Speaker 1: list because they're Republicans. There's some beautiful Republicans at women, right, 518 00:30:22,560 --> 00:30:25,640 Speaker 1: we actually know what a woman looks like that would 519 00:30:25,640 --> 00:30:28,120 Speaker 1: should be on this list. They would never put them 520 00:30:28,320 --> 00:30:32,040 Speaker 1: on this list, and the reason is clearly because they 521 00:30:32,080 --> 00:30:35,959 Speaker 1: are biased, and this list is about virtue signaling. Right, 522 00:30:36,080 --> 00:30:38,200 Speaker 1: this guy's such a bad dresser. They're like, no, he's 523 00:30:38,240 --> 00:30:44,120 Speaker 1: actually so bad. It's good. It's so bad, it's somehow stylish. 524 00:30:44,160 --> 00:30:49,600 Speaker 1: It's so bad. We actually think it's awesome. So that 525 00:30:49,720 --> 00:30:52,720 Speaker 1: is your New York Times, all right. Lastly, please make 526 00:30:52,760 --> 00:30:56,479 Speaker 1: sure you hit that subscribe button or auto download button 527 00:30:56,840 --> 00:30:59,680 Speaker 1: wherever you were listening to this podcast right now, and 528 00:31:00,080 --> 00:31:02,440 Speaker 1: take a moment to write us a five star review 529 00:31:02,720 --> 00:31:05,000 Speaker 1: and share this podcast with your family and friends on 530 00:31:05,080 --> 00:31:08,240 Speaker 1: social media to help us grow. See you back here tomorrow.