1 00:00:00,640 --> 00:00:06,760 Speaker 1: Biden has picked a former credit card company. Man. When 2 00:00:06,840 --> 00:00:10,160 Speaker 1: I say former, I'm saying literally the former CEO of 3 00:00:10,400 --> 00:00:15,400 Speaker 1: MasterCard to lead the World Bank while posing is fighting 4 00:00:15,440 --> 00:00:19,640 Speaker 1: credit card companies. You can't make this up. Yeah, Biden 5 00:00:19,640 --> 00:00:22,400 Speaker 1: has now picked a former MasterCard CEO to lead the 6 00:00:22,400 --> 00:00:25,480 Speaker 1: World Bank while pitching himself as the enemy of the 7 00:00:25,520 --> 00:00:29,680 Speaker 1: credit card companies. Why would he do this? Because he 8 00:00:29,720 --> 00:00:33,320 Speaker 1: wants the job. President Joe Biden nominated the former MasterCard 9 00:00:33,400 --> 00:00:37,880 Speaker 1: CEO Bengt to lead the World Bank, the first time 10 00:00:37,880 --> 00:00:40,400 Speaker 1: a credit card executive has been chosen for the spot. 11 00:00:41,080 --> 00:00:44,000 Speaker 1: The nomination comes as Biden pitches himself as a defender 12 00:00:44,000 --> 00:00:48,159 Speaker 1: of the American consumer and as an enemy of the 13 00:00:48,280 --> 00:00:53,880 Speaker 1: banking industry. A job is uniquely equipped to lead the 14 00:00:53,880 --> 00:00:56,800 Speaker 1: World Bank at this critical moment in history, Biden said 15 00:00:56,800 --> 00:01:02,200 Speaker 1: in his statement yesterday. He also was critical of the 16 00:01:02,320 --> 00:01:06,600 Speaker 1: banking industry and then says that his nominee actually has 17 00:01:06,760 --> 00:01:14,240 Speaker 1: critical experience mobilizing public slash private resources to tackle the 18 00:01:14,280 --> 00:01:18,800 Speaker 1: most urgent challenges of our time, including climate change. So 19 00:01:19,040 --> 00:01:21,080 Speaker 1: just so you know, the World Bank now is actually 20 00:01:21,120 --> 00:01:26,959 Speaker 1: about fighting climate change. The President said that in his response, 21 00:01:28,240 --> 00:01:30,920 Speaker 1: Venga's nomination comes less than a month after Biden pits 22 00:01:31,000 --> 00:01:34,760 Speaker 1: himself to the American public as the economic populace, defending 23 00:01:34,760 --> 00:01:38,560 Speaker 1: consumers against the often predatory banking industry in his State 24 00:01:38,600 --> 00:01:41,440 Speaker 1: of the Union Addrafts, where he said, we've reduced exorbitant 25 00:01:41,440 --> 00:01:45,080 Speaker 1: bank overdraft fees, saving customers more than a billion dollars 26 00:01:45,120 --> 00:01:47,160 Speaker 1: a year. We're cutting the credit card late fees by 27 00:01:47,240 --> 00:01:51,160 Speaker 1: seventy five, from thirty dollars to eight dollars. Biden said 28 00:01:51,920 --> 00:01:54,920 Speaker 1: junk fees may not matter to the very wealthy, but 29 00:01:54,960 --> 00:01:57,400 Speaker 1: they mattered to most folks and homes like the one 30 00:01:57,440 --> 00:01:59,800 Speaker 1: I grew up, and he said they added up to 31 00:02:00,200 --> 00:02:04,840 Speaker 1: hundreds of dollars a month. They make it harder for 32 00:02:04,880 --> 00:02:07,640 Speaker 1: you to pay the bills or afford the family trip. 33 00:02:08,520 --> 00:02:11,160 Speaker 1: I know how unfair it feels when a company overcharges 34 00:02:11,200 --> 00:02:13,799 Speaker 1: you and gets away with it. Not anymore, Biden said, 35 00:02:13,919 --> 00:02:16,320 Speaker 1: to say the Union. We've written a bill to stop 36 00:02:16,360 --> 00:02:21,760 Speaker 1: all that. It's called the Junk Fee Protection Act. Firms 37 00:02:21,800 --> 00:02:27,040 Speaker 1: like the Consumer Bankers Association, which lobbies lawmakers on behalf 38 00:02:27,080 --> 00:02:29,960 Speaker 1: of MasterCard, have tried to pour cold water on the 39 00:02:29,960 --> 00:02:33,040 Speaker 1: Consumer Financial Protection Bureaus rule that would cap late fees 40 00:02:33,080 --> 00:02:36,840 Speaker 1: at eight dollars because they make a lot of money. Quote, 41 00:02:36,840 --> 00:02:39,919 Speaker 1: this announcement is just the latest example of the Bureau 42 00:02:40,040 --> 00:02:42,799 Speaker 1: seeking to advance a political agenda that will harm rather 43 00:02:42,840 --> 00:02:45,960 Speaker 1: than help, the very people that are responsible that they're 44 00:02:46,000 --> 00:02:49,600 Speaker 1: responsible for serving. That's when an executive of a consumer 45 00:02:49,680 --> 00:02:54,040 Speaker 1: banker association said, following the proposed rule change, there's also 46 00:02:54,080 --> 00:02:58,120 Speaker 1: another headline that I thought i'd just bring to your 47 00:02:58,240 --> 00:03:02,919 Speaker 1: attention and a deal with another bank. It's having a 48 00:03:02,960 --> 00:03:06,320 Speaker 1: lot of fun right now, a bank that has decided 49 00:03:06,360 --> 00:03:10,280 Speaker 1: to make some cash, right because that's what happens here. 50 00:03:11,200 --> 00:03:14,280 Speaker 1: You get to make money when you're a bank and 51 00:03:14,720 --> 00:03:19,080 Speaker 1: a major As all this is coming out that the 52 00:03:19,240 --> 00:03:21,919 Speaker 1: present says, he's you know against right, That's what that's 53 00:03:21,919 --> 00:03:23,760 Speaker 1: what he says. Oh, I'm gonna fight for you, and 54 00:03:23,840 --> 00:03:27,840 Speaker 1: I'm gonna tell you that I'm going to protect you. 55 00:03:29,480 --> 00:03:34,520 Speaker 1: There's another major bank that racks up huge bill in penalties. 56 00:03:35,840 --> 00:03:39,800 Speaker 1: Let's talk about it, Bank of America. Bank of America 57 00:03:40,240 --> 00:03:45,160 Speaker 1: totaled one point two billion in penalties settlements in twenty 58 00:03:45,240 --> 00:03:50,040 Speaker 1: twenty two alone. One major amount was three hundred and 59 00:03:50,040 --> 00:03:52,000 Speaker 1: fifty four million that was part of a settlement to 60 00:03:52,160 --> 00:03:59,400 Speaker 1: bond ensure Ambach Financial Group. Bank of America total one 61 00:03:59,440 --> 00:04:04,560 Speaker 1: point two million expenses for litigation and regulatory investigations in 62 00:04:04,680 --> 00:04:10,000 Speaker 1: twenty twenty two alone. The total includes fines and settlements. 63 00:04:10,000 --> 00:04:14,640 Speaker 1: According to the company filings that came to like yesterday, 64 00:04:14,760 --> 00:04:17,080 Speaker 1: the cost was a big jump from one hundred and 65 00:04:17,080 --> 00:04:20,600 Speaker 1: sixty four thousand recorded in twenty twenty one and eight 66 00:04:20,760 --> 00:04:25,040 Speaker 1: hundred and twenty three million in twenty twenty. Lawyer fees, 67 00:04:25,279 --> 00:04:28,039 Speaker 1: by the way, we're not included in the bill I 68 00:04:28,200 --> 00:04:32,159 Speaker 1: just told you about. Among the major issues the company 69 00:04:32,240 --> 00:04:34,200 Speaker 1: dealt with was the three hundred and fifty four million 70 00:04:35,080 --> 00:04:38,640 Speaker 1: million dollars it was part of a settlement with the 71 00:04:38,760 --> 00:04:42,599 Speaker 1: bond insurer am Back Financial Group for a lawsuit going 72 00:04:42,640 --> 00:04:45,560 Speaker 1: back to two thousand and eight in the mortgage crisis. 73 00:04:46,160 --> 00:04:48,440 Speaker 1: Bank of America then also paid outside of that, two 74 00:04:48,520 --> 00:04:51,839 Speaker 1: hundred and twenty five million and penalties to regulators over 75 00:04:51,920 --> 00:04:57,240 Speaker 1: employees use of unauthorized messaging platforms, including What's App. The 76 00:04:57,320 --> 00:05:00,320 Speaker 1: bank also was fined two hundred and twenty five billion 77 00:05:00,320 --> 00:05:05,320 Speaker 1: over the mishandling of jobless benefits during the pandemic. The 78 00:05:05,320 --> 00:05:08,400 Speaker 1: three cases alone total eight hundred million and combined expenses 79 00:05:08,480 --> 00:05:11,640 Speaker 1: last year alone how much does Bank of America's stock? 80 00:05:11,800 --> 00:05:15,200 Speaker 1: They don't care. The stock was just down zero point 81 00:05:15,200 --> 00:05:20,479 Speaker 1: two percent with the news hitting, or percentage change zero 82 00:05:20,520 --> 00:05:24,400 Speaker 1: point zero six percent, closing at thirty four twenty seven 83 00:05:24,440 --> 00:05:27,200 Speaker 1: a year. They're fine, they don't care. Welcome to doing 84 00:05:27,800 --> 00:05:31,599 Speaker 1: business right. Bank of America did not specify what accounted 85 00:05:31,640 --> 00:05:34,600 Speaker 1: for the remaining four hundred million. We're still trying to 86 00:05:34,640 --> 00:05:38,280 Speaker 1: find that out. But what this goes back to is 87 00:05:38,320 --> 00:05:40,520 Speaker 1: if you can make hundreds and hundreds of billions off 88 00:05:40,520 --> 00:05:42,279 Speaker 1: of doing shady things and then you only have to 89 00:05:42,320 --> 00:05:45,360 Speaker 1: pay a billion when you get caught, is it worth it? 90 00:05:45,480 --> 00:05:47,919 Speaker 1: I think the answer is yes. If you don't believe me, 91 00:05:48,160 --> 00:05:50,000 Speaker 1: look at Bank of America. If you don't believe them, 92 00:05:50,000 --> 00:05:51,760 Speaker 1: then look at Wells Fargo. If you don't believe that, 93 00:05:51,839 --> 00:05:55,040 Speaker 1: just keep going down the list. It's a pretty simple 94 00:05:55,040 --> 00:06:01,760 Speaker 1: and clear list. The list is obvious. The list tells 95 00:06:01,760 --> 00:06:07,599 Speaker 1: you that this government is not protecting you, Okay, right, 96 00:06:07,640 --> 00:06:11,320 Speaker 1: that's just not happening. What the list tells you is 97 00:06:11,800 --> 00:06:17,440 Speaker 1: that they are doing anything but protecting you. They're allowing 98 00:06:17,520 --> 00:06:19,920 Speaker 1: for these companies to get away with anything they can, 99 00:06:19,960 --> 00:06:22,280 Speaker 1: to take more cash out of your bank account. With 100 00:06:22,800 --> 00:06:27,240 Speaker 1: BS fees and penalties. And so why did the President 101 00:06:27,320 --> 00:06:32,479 Speaker 1: United States of America literally pick a former CEO of MasterCard. 102 00:06:33,040 --> 00:06:36,479 Speaker 1: Not because he's trying to protect you, because if he was, 103 00:06:36,560 --> 00:06:39,800 Speaker 1: that's not the guy he'd give the job too. But 104 00:06:39,839 --> 00:06:41,400 Speaker 1: when he comes out and to stay the union, he's like, 105 00:06:41,560 --> 00:06:43,560 Speaker 1: you're gonna back. We're gonna stand up for you, the 106 00:06:43,600 --> 00:06:45,920 Speaker 1: little guys. We're gonna make sure you, the little people, 107 00:06:47,080 --> 00:06:49,080 Speaker 1: don't get taken advantage of. We're gonna make sure these 108 00:06:49,120 --> 00:06:54,039 Speaker 1: fees and ridiculous things disappear. Right, that's what we're gonna do. 109 00:06:54,080 --> 00:06:58,160 Speaker 1: We're gonna make sure, we're gonna make sure that you're protected. No, 110 00:06:58,279 --> 00:07:01,120 Speaker 1: we're not. We're actually gonna go get the I and 111 00:07:01,240 --> 00:07:04,440 Speaker 1: the industry leader who's been screwing you to come after 112 00:07:04,520 --> 00:07:06,560 Speaker 1: you and take and help us get even more of 113 00:07:06,600 --> 00:07:10,480 Speaker 1: your money. That's what they're going to do. That's what 114 00:07:10,520 --> 00:07:16,960 Speaker 1: they're doing. It's pretty pathetic, but not surprising. There's going 115 00:07:17,000 --> 00:07:19,120 Speaker 1: to be more stories come out this year, and you 116 00:07:19,120 --> 00:07:22,680 Speaker 1: should remember this one and you should remind people of it. Okay, 117 00:07:22,800 --> 00:07:26,200 Speaker 1: you should remember it, and you should remind people that 118 00:07:26,200 --> 00:07:28,480 Speaker 1: this is how they treat you, and this is what 119 00:07:28,560 --> 00:07:32,080 Speaker 1: they do they're not looking out for you. They're going 120 00:07:32,120 --> 00:07:35,600 Speaker 1: to screw you every chance they get. So you woke 121 00:07:35,680 --> 00:07:38,960 Speaker 1: up to the news and we have the audio now 122 00:07:39,120 --> 00:07:41,960 Speaker 1: of the President of the United States of America making 123 00:07:42,000 --> 00:07:47,160 Speaker 1: a historic visit to Ukraine. He is saying very clearly 124 00:07:47,240 --> 00:07:51,160 Speaker 1: to Putin and to Ukraine, we're backing you. We are 125 00:07:51,240 --> 00:07:56,320 Speaker 1: behind you, and we will not back down from you. 126 00:07:56,520 --> 00:08:00,320 Speaker 1: Now what does that mean financially? It means that you 127 00:08:00,360 --> 00:08:02,600 Speaker 1: are on the hook now for a significant amount of 128 00:08:02,640 --> 00:08:06,680 Speaker 1: cash that will be spent sending aid, support, weaponry, etc. 129 00:08:07,040 --> 00:08:10,680 Speaker 1: To the Ukraine. I want you to hear what the 130 00:08:10,680 --> 00:08:13,800 Speaker 1: President of the United States had to say in Ukraine 131 00:08:13,840 --> 00:08:16,360 Speaker 1: as just hours before they let the Russians know the 132 00:08:16,360 --> 00:08:18,680 Speaker 1: President would be in Ukraine, meaning don't blow us up 133 00:08:18,720 --> 00:08:22,000 Speaker 1: while we're there. Take a listen to President Biden making 134 00:08:22,000 --> 00:08:24,400 Speaker 1: this historic visit to Ukraine and what he set about 135 00:08:24,440 --> 00:08:29,320 Speaker 1: what's going on. It was one year ago this week 136 00:08:29,840 --> 00:08:33,360 Speaker 1: and we spoke on the telephone, which the president. It 137 00:08:33,520 --> 00:08:35,800 Speaker 1: was very late at night in Washington, very early in 138 00:08:35,880 --> 00:08:39,400 Speaker 1: the morning here in Kiev. Russian planes are in the 139 00:08:39,440 --> 00:08:43,800 Speaker 1: air and tanks for rolling across your border. You told 140 00:08:43,840 --> 00:08:48,079 Speaker 1: me that you could hear the explosions in the background. 141 00:08:48,559 --> 00:08:53,679 Speaker 1: I'll never forget that. And the world was about to change. 142 00:08:54,679 --> 00:08:59,000 Speaker 1: I remember it vividly because I asked you. I asked 143 00:08:59,040 --> 00:09:03,840 Speaker 1: you next, I asked you, what is there, mister president? 144 00:09:04,840 --> 00:09:07,440 Speaker 1: What can I do for you? How can I be 145 00:09:07,520 --> 00:09:10,920 Speaker 1: of help? And I don't know they remember what you 146 00:09:11,000 --> 00:09:15,160 Speaker 1: said to me. But you said, and I quote, gather 147 00:09:15,280 --> 00:09:20,240 Speaker 1: the leaders of the world, ask them to support Ukraine. 148 00:09:21,760 --> 00:09:25,840 Speaker 1: Gather the leaders of the world and ask them to 149 00:09:25,920 --> 00:09:31,559 Speaker 1: support Ukraine. And you said that you didn't know one 150 00:09:31,600 --> 00:09:36,800 Speaker 1: would be able to speak again that dark night, one 151 00:09:36,880 --> 00:09:41,160 Speaker 1: year ago. The world was literally at the time, bracing 152 00:09:41,280 --> 00:09:45,280 Speaker 1: for the fall of Keiv. It seems like a lot 153 00:09:45,320 --> 00:09:47,760 Speaker 1: longer ago than a year, but think back to that year, 154 00:09:49,640 --> 00:09:56,320 Speaker 1: perhaps even the end of Ukraine. You know, one year later, 155 00:09:57,200 --> 00:10:05,959 Speaker 1: Keith stands, Ukraine stands, Democracy stands, The American stands with you, 156 00:10:06,640 --> 00:10:10,640 Speaker 1: and the world stands with you. Kiev has captured a 157 00:10:10,720 --> 00:10:14,280 Speaker 1: part of my heart. I must say I've come here 158 00:10:14,320 --> 00:10:19,680 Speaker 1: six times as Vice president, once as president and in 159 00:10:19,720 --> 00:10:22,480 Speaker 1: two thousand and nine as vice president. When I first 160 00:10:22,480 --> 00:10:26,680 Speaker 1: came here, then back in two and fourteen, I came 161 00:10:26,760 --> 00:10:30,840 Speaker 1: three times. In the aftermath of the Revolution of dignity, 162 00:10:30,920 --> 00:10:34,960 Speaker 1: and I again came in two fifteen to address the 163 00:10:35,080 --> 00:10:42,000 Speaker 1: Rada about the work of building a strong democracy. And 164 00:10:42,120 --> 00:10:46,600 Speaker 1: I came in two seventeen just before I left office 165 00:10:46,679 --> 00:10:51,080 Speaker 1: as Vice president. I knew i'd be back, but I 166 00:10:51,120 --> 00:10:54,920 Speaker 1: wanted to be sure. Even though the election were over, 167 00:10:56,200 --> 00:10:59,680 Speaker 1: Rock and I were out of office, I decided to 168 00:10:59,679 --> 00:11:03,440 Speaker 1: make one more trip before the next president was sworn 169 00:11:03,520 --> 00:11:09,360 Speaker 1: in to Kiev. So, President, so let's get you deeply 170 00:11:09,440 --> 00:11:16,320 Speaker 1: honored me here in Kiev with you today to meet 171 00:11:16,360 --> 00:11:22,280 Speaker 1: with your military, your intelligence folks, your diplomatic teams, community 172 00:11:22,360 --> 00:11:26,040 Speaker 1: leaders who have stepped up and to help their country 173 00:11:26,960 --> 00:11:35,640 Speaker 1: and they're our need. It's astounded who stood up, everybody, everybody, women, 174 00:11:36,880 --> 00:11:40,720 Speaker 1: young children, trying to do something, just trying to do something, 175 00:11:42,920 --> 00:11:46,800 Speaker 1: pulling people out of apartments, are being shelved, and literally, 176 00:11:46,920 --> 00:11:52,360 Speaker 1: I think is a war crimes. It's astounded, and the 177 00:11:52,440 --> 00:11:58,679 Speaker 1: whole world, the whole world seize it and looks at it. 178 00:12:00,160 --> 00:12:03,079 Speaker 1: This is the largest land war in Europe and three 179 00:12:03,160 --> 00:12:09,480 Speaker 1: quarters of a century, and you're succeeding against all and 180 00:12:09,679 --> 00:12:14,200 Speaker 1: every expectation except your own. We have every confidence that 181 00:12:14,240 --> 00:12:20,200 Speaker 1: you're going to continue to prevail. You know, from the 182 00:12:20,280 --> 00:12:24,280 Speaker 1: moment I first received and tells me supportant to fall. 183 00:12:25,520 --> 00:12:32,360 Speaker 1: About a year ago, we were focused on determining how 184 00:12:32,400 --> 00:12:35,680 Speaker 1: do we rally the rest of the world. How do 185 00:12:35,720 --> 00:12:38,160 Speaker 1: I help you with the promise you asked me to 186 00:12:38,240 --> 00:12:44,480 Speaker 1: make to rally the world? Well, how do you succeed? 187 00:12:46,400 --> 00:12:51,480 Speaker 1: How did you get a world to respond to a 188 00:12:51,559 --> 00:12:59,560 Speaker 1: prosperous economy, confident democracy, a secure, an independent state When 189 00:12:59,679 --> 00:13:03,959 Speaker 1: united in Americans of all political backgrounds decided that they 190 00:13:03,960 --> 00:13:11,760 Speaker 1: would step up. American people know it matters. Unchecked aggression. 191 00:13:12,920 --> 00:13:16,040 Speaker 1: There's a threat to all of us. We built a 192 00:13:16,080 --> 00:13:20,720 Speaker 1: coalition of nations from the Atlantic to the Pacific, NATO 193 00:13:23,040 --> 00:13:26,400 Speaker 1: to the in the Atlantic, Japan and the Pacific. I 194 00:13:26,400 --> 00:13:31,319 Speaker 1: mean across the world. A number of nations stead of 195 00:13:31,360 --> 00:13:38,800 Speaker 1: over fifty help Ukraine defend itself unprecedented military, economic and 196 00:13:38,880 --> 00:13:43,200 Speaker 1: humanitarian support. We unite it the leading economies of the 197 00:13:43,240 --> 00:13:51,160 Speaker 1: world to impose unprecedented costs that are squeezing Russia's economic lifelines. Together, 198 00:13:52,080 --> 00:13:57,520 Speaker 1: we've committed nearly seven hundred tanks and thousands of armored vehicles, 199 00:13:58,880 --> 00:14:03,480 Speaker 1: one thousand lary systems, more than two million rounds of 200 00:14:03,559 --> 00:14:09,280 Speaker 1: artillery ammunition, more than fifty advanced launch rocket systems and 201 00:14:09,520 --> 00:14:14,960 Speaker 1: I ship and air defense systems all defend to defend Ukraine. 202 00:14:15,000 --> 00:14:18,000 Speaker 1: And that doesn't count the other half a billion dollars 203 00:14:18,080 --> 00:14:20,840 Speaker 1: we're going to be we're announcing with you today and 204 00:14:20,880 --> 00:14:25,520 Speaker 1: tomorrow that's going to be coming your way. And that's 205 00:14:25,560 --> 00:14:29,440 Speaker 1: just the United States in this piece and just today. 206 00:14:30,680 --> 00:14:35,240 Speaker 1: That announcement includes artillery ammunition for high mars and howitzers, 207 00:14:35,960 --> 00:14:39,760 Speaker 1: more javelins, and the armor systems, their surveillance radars. They'll 208 00:14:39,760 --> 00:14:45,960 Speaker 1: protect Ukrainian people from aero bombardments. Later this week, we 209 00:14:46,000 --> 00:14:50,880 Speaker 1: will announce additional sanctions against elites and companies that are 210 00:14:50,880 --> 00:14:54,920 Speaker 1: trying to evade sanctions and backfield Russia's war machine. President 211 00:14:54,960 --> 00:14:58,920 Speaker 1: of the United States of America Joe Biden visiting Ukraine unannounced, 212 00:14:59,200 --> 00:15:01,240 Speaker 1: telling the Russian it's an hour before they got there, 213 00:15:01,240 --> 00:15:04,000 Speaker 1: basically saying, hey, don't shoot and Kiev as we're going 214 00:15:04,040 --> 00:15:05,880 Speaker 1: to be there. That would be bad for you guys. 215 00:15:06,720 --> 00:15:09,600 Speaker 1: President lands and he decides to talk about what's happening. 216 00:15:09,680 --> 00:15:12,680 Speaker 1: Take a listen. This is part two of the President 217 00:15:12,800 --> 00:15:15,240 Speaker 1: explaining just how much money we're going to be giving. 218 00:15:16,800 --> 00:15:19,160 Speaker 1: It's going to be expensive, all right, This is going 219 00:15:19,240 --> 00:15:23,120 Speaker 1: to cost US a lot of cash. Help Ukraine defends 220 00:15:23,480 --> 00:15:28,760 Speaker 1: so on precedent, military, economic, and humanitarian support. We unite 221 00:15:28,760 --> 00:15:31,960 Speaker 1: it the leading economies of the world to impose unprecedented 222 00:15:32,080 --> 00:15:39,800 Speaker 1: cost but there's squeezing Rusha's economic lifelines. Together, we've committed 223 00:15:39,800 --> 00:15:46,120 Speaker 1: nearly seven hundred tanks and thousands of armored vehicles, one 224 00:15:46,200 --> 00:15:51,560 Speaker 1: thousand artillery systems, more than two million rounds of artillery ammunition, 225 00:15:52,800 --> 00:15:56,960 Speaker 1: more than fifty advanced launched rocket systems, and I ship 226 00:15:57,320 --> 00:16:02,160 Speaker 1: and air defense systems, all to defend Ukraine. And that 227 00:16:02,200 --> 00:16:05,560 Speaker 1: doesn't count the other half a billion dollars we're going 228 00:16:05,600 --> 00:16:09,280 Speaker 1: to be we're announcing with you today and tomorrow that's 229 00:16:09,320 --> 00:16:12,760 Speaker 1: going to be coming your way, and that's just the 230 00:16:12,840 --> 00:16:18,400 Speaker 1: United States and this piece, and just today that announcement 231 00:16:18,440 --> 00:16:23,840 Speaker 1: includes artillery ammunition for high mars and howitzers, more javelins, 232 00:16:23,920 --> 00:16:27,560 Speaker 1: and the armor systems, their surveillance radars. They'll protect Ukrainian 233 00:16:27,600 --> 00:16:33,480 Speaker 1: people from aero bombardments. Later this week, we will announce 234 00:16:33,520 --> 00:16:38,160 Speaker 1: additional sanctions against elites and companies that are trying to 235 00:16:38,200 --> 00:16:43,000 Speaker 1: evade sanctions and backfield Russia's war machine. And thanks to 236 00:16:43,240 --> 00:16:48,080 Speaker 1: buy partner and supporting Congress this week, we're delivering billions 237 00:16:48,120 --> 00:16:53,520 Speaker 1: in direct budgetary support, billions of direct budgetary support which 238 00:16:53,560 --> 00:16:57,360 Speaker 1: the government can put to use immediately and help provide 239 00:16:57,400 --> 00:17:02,440 Speaker 1: for basic services of citizens. The cost that Ukraine has 240 00:17:02,440 --> 00:17:07,639 Speaker 1: had to bear has been extraordinarily high, and the sacrifices 241 00:17:08,680 --> 00:17:11,640 Speaker 1: have been far too great and been method have been 242 00:17:11,640 --> 00:17:16,160 Speaker 1: far too great. We mourn alongside the families of those 243 00:17:16,200 --> 00:17:18,560 Speaker 1: who have been lost to the brutal and unjust war. 244 00:17:20,160 --> 00:17:22,840 Speaker 1: We know that there will be very difficult days and 245 00:17:23,000 --> 00:17:27,240 Speaker 1: weeks and years ahead. But Russia's aim was to wipe 246 00:17:27,359 --> 00:17:35,760 Speaker 1: Ukraine off the map. Putin's war conquest is failing. Russia's 247 00:17:35,760 --> 00:17:40,880 Speaker 1: military has lost half its territory, at once occupied young 248 00:17:41,119 --> 00:17:44,399 Speaker 1: talent on Russians are fleeing, but at tens of thousands, 249 00:17:45,040 --> 00:17:49,560 Speaker 1: not wanting to come back to Russia. Not just fleeing 250 00:17:49,640 --> 00:17:56,560 Speaker 1: from the military, fleeing from Russia itself because they see 251 00:17:56,600 --> 00:18:02,680 Speaker 1: no future in their country. Russia's economy is now a backwater, 252 00:18:03,760 --> 00:18:13,159 Speaker 1: isolated and struggling. Put In thought Ukraine was weak, and 253 00:18:13,160 --> 00:18:14,960 Speaker 1: as you know, mister President, I said to you in 254 00:18:15,000 --> 00:18:19,720 Speaker 1: the beginning, he's counting on us not sticking together. He 255 00:18:19,880 --> 00:18:25,119 Speaker 1: was counting on an inability to keep NATO uniting. He 256 00:18:25,280 --> 00:18:27,159 Speaker 1: is counting us not to be able to bring in 257 00:18:27,200 --> 00:18:32,880 Speaker 1: others on the side of Ukraine. He thought he could 258 00:18:32,880 --> 00:18:37,160 Speaker 1: outlast us. I don't think he's thinking that right now. 259 00:18:38,640 --> 00:18:40,760 Speaker 1: God knows what he's thinking. I don't think he's thinking that. 260 00:18:42,840 --> 00:18:49,080 Speaker 1: But he's just been playing wrong, playing wrong, and one 261 00:18:49,160 --> 00:18:54,480 Speaker 1: year later, the evidence is right here in this room. 262 00:18:54,600 --> 00:19:01,080 Speaker 1: We stand here together, mister President. I'm delighted to be 263 00:19:01,160 --> 00:19:05,240 Speaker 1: able to repay your visit to our country in Washington. 264 00:19:06,040 --> 00:19:08,280 Speaker 1: Not long ago you told us, you told the Congress, 265 00:19:08,960 --> 00:19:12,560 Speaker 1: quote we have no fear, nor should any even the 266 00:19:12,600 --> 00:19:18,320 Speaker 1: world have it. End of quote. You and all Ukrainians, 267 00:19:18,960 --> 00:19:24,320 Speaker 1: mister President, remind the world every single day with the 268 00:19:24,359 --> 00:19:30,040 Speaker 1: media of the word courages from all sectors, your economy, 269 00:19:30,440 --> 00:19:38,560 Speaker 1: all walks, through all life. It's astounded, astounded, remind us 270 00:19:38,560 --> 00:19:45,160 Speaker 1: that freedom is priceless, it's worth fighting for as long 271 00:19:45,200 --> 00:19:48,320 Speaker 1: as it takes. And that's how long we're going to 272 00:19:48,400 --> 00:19:51,240 Speaker 1: be with you, mister President. For as long as it takes, 273 00:19:52,680 --> 00:19:58,840 Speaker 1: We'll do it. Thank you, President, United States of America. 274 00:19:58,920 --> 00:20:03,240 Speaker 1: Biden again vowing billions more for Ukraine, will keep sending 275 00:20:03,520 --> 00:20:06,439 Speaker 1: support quote as long as it takes. This is a 276 00:20:06,560 --> 00:20:10,679 Speaker 1: clear escalation in the back and forth. What does this 277 00:20:10,800 --> 00:20:15,240 Speaker 1: actually mean, Well, if you look at the data, here's 278 00:20:15,280 --> 00:20:18,800 Speaker 1: what the data shows a poles across the border showing 279 00:20:18,800 --> 00:20:23,240 Speaker 1: Americans are losing support for the war in Ukraine. Listen 280 00:20:23,280 --> 00:20:27,399 Speaker 1: to MSNBC on this in Ukraine. Just so interesting to 281 00:20:27,440 --> 00:20:30,480 Speaker 1: hear that they let the Russians know. I speaking to 282 00:20:30,520 --> 00:20:33,720 Speaker 1: Sergeant Beasley while we're off just earlier, and he was saying, listen, 283 00:20:33,800 --> 00:20:35,680 Speaker 1: this would be the very worst day for the Russians 284 00:20:35,680 --> 00:20:38,840 Speaker 1: to try anything in Keith, because that would be catastrophic 285 00:20:38,960 --> 00:20:43,560 Speaker 1: for Moscow. By mistake, almost they were to hurt President 286 00:20:43,600 --> 00:20:45,679 Speaker 1: Biden in any way. So interesting that they let him know. 287 00:20:45,720 --> 00:20:47,080 Speaker 1: And the rest of those details are going to be 288 00:20:47,080 --> 00:20:50,320 Speaker 1: interesting too, because clearly a huge security headache trying to 289 00:20:50,320 --> 00:20:52,600 Speaker 1: plan a meeting like that. Let's throw it forward a 290 00:20:52,600 --> 00:20:54,840 Speaker 1: little bit, a bit more on that speech we've been 291 00:20:54,880 --> 00:20:58,240 Speaker 1: hearing during the course of this morning. How there is 292 00:20:58,280 --> 00:21:00,440 Speaker 1: a need of course to rally the European is behind 293 00:21:00,440 --> 00:21:02,639 Speaker 1: this and the global effort behind this, but there's also 294 00:21:02,800 --> 00:21:06,000 Speaker 1: very much at this moment and need to rally Americans 295 00:21:06,040 --> 00:21:09,520 Speaker 1: behind this war effort. At least Jordan was pointing out 296 00:21:09,520 --> 00:21:13,000 Speaker 1: earlier the polls showing that across the board, Americans are 297 00:21:13,040 --> 00:21:16,720 Speaker 1: losing support for the war in Ukraine. How important is 298 00:21:16,760 --> 00:21:21,320 Speaker 1: it tomorrow that President Biden finds something to say to 299 00:21:21,359 --> 00:21:24,119 Speaker 1: the American public the perhaps he hasn't managed to find 300 00:21:24,200 --> 00:21:27,080 Speaker 1: so far to persuade them of the case that you 301 00:21:27,160 --> 00:21:29,840 Speaker 1: just made that this is a global effort and the 302 00:21:29,920 --> 00:21:33,520 Speaker 1: Ukrainians are fighting on behalf of the rest of the world. Yeah, 303 00:21:33,640 --> 00:21:36,680 Speaker 1: on the one hand, the United States feels fairly good 304 00:21:36,720 --> 00:21:40,280 Speaker 1: about the way that they have been able to hold 305 00:21:40,440 --> 00:21:44,280 Speaker 1: together support for Ukraine for a full year. I mean, 306 00:21:44,440 --> 00:21:46,719 Speaker 1: some of the predictions where that it would be just 307 00:21:46,760 --> 00:21:50,680 Speaker 1: a matter of months into the war before Americans would 308 00:21:50,720 --> 00:21:53,520 Speaker 1: get tired of supporting Ukraine, and certainly Europeans who are 309 00:21:53,640 --> 00:21:57,520 Speaker 1: much more directly feeling the impacts the ramifications of sanctions 310 00:21:57,520 --> 00:22:00,959 Speaker 1: and the other steps taken to try to punished Russia. 311 00:22:01,280 --> 00:22:03,080 Speaker 1: And we have seen, you know, there was an ap 312 00:22:03,359 --> 00:22:05,760 Speaker 1: North Pole that just came out that showed that the 313 00:22:05,960 --> 00:22:10,040 Speaker 1: level of support for providing security assistance to Ukraine's dropped 314 00:22:10,040 --> 00:22:14,160 Speaker 1: from about sixty percent last year to just forty eight percent. 315 00:22:14,440 --> 00:22:18,720 Speaker 1: And although some House Republicans have started grumbling about the 316 00:22:18,800 --> 00:22:21,760 Speaker 1: need to no longer give a blank check to Ukraine. 317 00:22:21,920 --> 00:22:24,800 Speaker 1: We're also starting to see Republican leadership try to make 318 00:22:24,840 --> 00:22:28,400 Speaker 1: the case that that is a minority opinion and does 319 00:22:28,440 --> 00:22:32,600 Speaker 1: not broadly represent the party, including Michael McCall, the chairman 320 00:22:32,600 --> 00:22:36,000 Speaker 1: of the House Foreign Affairs Committee, a Republican, over the 321 00:22:36,040 --> 00:22:39,560 Speaker 1: weekend saying it's time to increase support. So yes, there 322 00:22:39,600 --> 00:22:43,520 Speaker 1: are murmurings both in Europe and in the West and 323 00:22:43,600 --> 00:22:48,520 Speaker 1: in the United States about perhaps some folks who are 324 00:22:48,680 --> 00:22:51,840 Speaker 1: less supportive than they were before, but by and large, 325 00:22:51,880 --> 00:22:55,320 Speaker 1: the US government, the Biden administration, feels like they've been 326 00:22:55,359 --> 00:22:57,640 Speaker 1: able to hold this together to the point where they're 327 00:22:57,640 --> 00:23:00,320 Speaker 1: still able to get the funds they need from Congress. 328 00:23:00,359 --> 00:23:03,320 Speaker 1: They're still able to get to Ukraine the military assistance 329 00:23:03,359 --> 00:23:05,440 Speaker 1: that they feel Ukraine needs at this point in time. 330 00:23:05,680 --> 00:23:09,680 Speaker 1: President Biden's speech tomorrow clearly a major effort to make 331 00:23:09,720 --> 00:23:12,280 Speaker 1: sure that that support does not ebb and that they're 332 00:23:12,280 --> 00:23:14,520 Speaker 1: able to continue to deliver that kind of support and 333 00:23:14,560 --> 00:23:17,400 Speaker 1: assistance as this conflict drags on into its second year 334 00:23:17,440 --> 00:23:21,480 Speaker 1: Caddy year number two. The question is are you ready 335 00:23:21,480 --> 00:23:24,280 Speaker 1: to pay for this? Because this seems like the President 336 00:23:24,320 --> 00:23:27,400 Speaker 1: has made it clear this morning. This is an open 337 00:23:27,720 --> 00:23:30,440 Speaker 1: ended war and we will be in it for as 338 00:23:30,480 --> 00:23:37,840 Speaker 1: long as it takes. Financially, Fiser is denying unethical gain 339 00:23:38,200 --> 00:23:43,639 Speaker 1: of function research for coronavirus vaccine and a letter to 340 00:23:43,680 --> 00:23:47,360 Speaker 1: Representative Ronnie Jackson. Ronnie Jackson that you may remember his name. 341 00:23:47,400 --> 00:23:51,840 Speaker 1: He's a former physician for the President of the United 342 00:23:51,880 --> 00:23:56,280 Speaker 1: States of America who's now in Congress. Fiser has now 343 00:23:56,359 --> 00:24:00,439 Speaker 1: come out and denied conducting gang and function research for 344 00:24:00,560 --> 00:24:05,040 Speaker 1: the coronavirus. Jackson a physician and a member of the 345 00:24:05,119 --> 00:24:09,000 Speaker 1: Subcommittee on the Coronavirus Pandemics. And a letter in January 346 00:24:10,800 --> 00:24:15,840 Speaker 1: demanding answers on if Fiser engaged and gain a function 347 00:24:15,960 --> 00:24:22,080 Speaker 1: research by intentionally mood mutating the Chinese coronavirus files are 348 00:24:22,119 --> 00:24:25,119 Speaker 1: responded to Jackson on February the twenty third, We're now 349 00:24:25,240 --> 00:24:29,159 Speaker 1: learning with a letter signed by their vice president and 350 00:24:29,280 --> 00:24:34,800 Speaker 1: the COO of vaccine research. In the letter, Fiser strongly 351 00:24:34,880 --> 00:24:38,240 Speaker 1: denies that the company would engage in gain a function 352 00:24:38,359 --> 00:24:44,840 Speaker 1: research quote. To be clear, we do not and never 353 00:24:44,880 --> 00:24:49,359 Speaker 1: would engage in research to create or adapt viruses with 354 00:24:49,520 --> 00:24:53,280 Speaker 1: the intention of making them more contagious. Contagious excuse me 355 00:24:53,320 --> 00:24:58,760 Speaker 1: contagious or harmful to people. In the ongoing development of 356 00:24:58,880 --> 00:25:01,960 Speaker 1: the fives are bioin tech COVID nineteen vaccine, FISER has 357 00:25:02,040 --> 00:25:05,680 Speaker 1: not conducted gain a function research which stars COVID two 358 00:25:05,840 --> 00:25:10,840 Speaker 1: or any potential use in humans, laboratory animals, or to 359 00:25:11,000 --> 00:25:17,040 Speaker 1: use as a vaccine. The pharmaceutical companies stated files are 360 00:25:17,080 --> 00:25:22,480 Speaker 1: explained that when a new coronavirus variant emerges, FISER does 361 00:25:22,480 --> 00:25:28,320 Speaker 1: study and their studies change in its spike protein to 362 00:25:28,520 --> 00:25:33,040 Speaker 1: understand whether company would need to update its vaccine. They 363 00:25:33,040 --> 00:25:35,399 Speaker 1: went on to explain, we do this by adapting the 364 00:25:35,480 --> 00:25:37,879 Speaker 1: virus in a highly secure lab so that the spike 365 00:25:37,920 --> 00:25:43,840 Speaker 1: protein matches the newly identified circulating variants. This is done 366 00:25:43,880 --> 00:25:48,840 Speaker 1: to mimic viruses that are already circulating in nature. This 367 00:25:48,920 --> 00:25:53,480 Speaker 1: type of work is scientific best practices and is commonly 368 00:25:53,560 --> 00:25:58,560 Speaker 1: conducted by other companies, institutions, and public health authorities. It 369 00:25:58,680 --> 00:26:01,840 Speaker 1: is necessary both for us assessing the effectiveness of existing 370 00:26:01,920 --> 00:26:08,320 Speaker 1: vaccines and new vaccine candidates targeted at currently circulating variants. 371 00:26:09,400 --> 00:26:13,400 Speaker 1: The representative to the representative also said that the pharmaceutical 372 00:26:13,400 --> 00:26:18,000 Speaker 1: giant also evaluates variants for the effectiveness of its coronavirus 373 00:26:18,160 --> 00:26:24,520 Speaker 1: oral treatment or plaques paxlovit, as we have previously indicated. 374 00:26:25,080 --> 00:26:29,440 Speaker 1: We then isolate the new viruses from these studies, or 375 00:26:29,480 --> 00:26:35,040 Speaker 1: adapt viruses with targeted changes in the main proteas, and 376 00:26:35,160 --> 00:26:39,800 Speaker 1: test to see whether paxlovit is still effective. All of 377 00:26:39,840 --> 00:26:42,600 Speaker 1: this work is done in highly secure laboratories. They go 378 00:26:42,600 --> 00:26:46,200 Speaker 1: on to write, and we have not studied these adapted 379 00:26:46,600 --> 00:26:51,800 Speaker 1: COVID nineteen viruses in animals. Now, why are they having 380 00:26:51,840 --> 00:26:57,240 Speaker 1: to respond to Ronnie Jackson? This is why the claim 381 00:26:57,320 --> 00:27:02,480 Speaker 1: that they were doing basically and a function research is 382 00:27:02,520 --> 00:27:08,600 Speaker 1: what prompted Jackson's inquiry after a undercover video a sting 383 00:27:08,720 --> 00:27:15,560 Speaker 1: video from Project Veritas. In that undercover video, Jordan Walker, 384 00:27:15,960 --> 00:27:20,320 Speaker 1: Fiser's director of Research and Development, Strategic Operations and the 385 00:27:20,600 --> 00:27:26,080 Speaker 1: m RNA Scientific Planner, stated that the company was engaging 386 00:27:26,080 --> 00:27:32,919 Speaker 1: in what he described as directed evolution quote unquote. If true, 387 00:27:33,640 --> 00:27:38,840 Speaker 1: this is unbelievably unethical and concerning to imagine Fiser would 388 00:27:38,880 --> 00:27:41,800 Speaker 1: prioritize its profits over the safety of the American public 389 00:27:41,840 --> 00:27:45,959 Speaker 1: by conducting such GAINA function research and endangering the lives 390 00:27:46,000 --> 00:27:48,360 Speaker 1: of the very people you propose to help. Jackson wrote 391 00:27:48,400 --> 00:27:54,640 Speaker 1: in the letter to the Fiser CEO FISER executives concluded 392 00:27:54,880 --> 00:27:59,080 Speaker 1: the letter to Jackson by saying this FISER is dedicated 393 00:27:59,119 --> 00:28:03,320 Speaker 1: to conducting search in an ethical and responsible manner. We 394 00:28:03,440 --> 00:28:07,040 Speaker 1: have an unwavering commitment to keeping high standards of safety, 395 00:28:07,119 --> 00:28:11,359 Speaker 1: quality and compliance at the forefront of all that we do. 396 00:28:12,560 --> 00:28:16,800 Speaker 1: The letter was three pages long, very clear. They're claiming 397 00:28:17,240 --> 00:28:19,440 Speaker 1: that the guy who is in charge of their whole 398 00:28:19,520 --> 00:28:27,840 Speaker 1: COVID nineteen operation was lying on video. The question now 399 00:28:27,960 --> 00:28:30,240 Speaker 1: is do you believe the CEO in writing or do 400 00:28:30,280 --> 00:28:34,000 Speaker 1: you believe the undercover sting video. 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