Kirsten Gillibrand Pt. 2

  • Aired:  08/08/13
  •  | Views: 8,055

New York Senator Kirsten Gillibrand talks about capital requirements for banks and campaign finance disclosure. (3:47)

>> WELCOME BACK TO THE SHOW.

WE'RE HERE WITH THE SENATOR.

I'M REALLY GLAD YOU'RE HERE

BECAUSE I'M UNCOMFORTABLE

ABOUT SOMETHING AND I THINK,

I'M HOPING THAT YOU ARE

GOING TO HELP ME FEEL BETTER

ABOUT IT.

YOU SAW ITS FIRST ACT.

>> I DID.

>> SO CLEARLY LESSONS HAVE

NOT BEEN LEARNED FROM THAT

BANKING SCANDAL UNLESS THE

LESSON THAT WAS SUPPOSED TO

BE LEARNED IS US LEARNING

THAT BANKS CAN DO WHATEVER

THE HELL THEY WANT.

WHAT IS HAPPENING?

>> WELL, WE HAVEN'T

OBVIOUSLY DONE ENOUGH.

AND WE NEED FAR MORE ACCOUNT

ABLE, FAR MORE TRANSPARENCY

AND MUCH LESS RISK.

I TRAVEL AROUND MY STATE, I

CAN TELL YOU THE ECONOMY

HASN'T RECOVERED.

SMALL BUSINESSES ARE STILL

NEEDING LENDING.

WE HAVEN'T SEEM SEEN THE

GROWTH THAT WE NEED.

AND IN THE BROADER ISSUES, A

LOT OF FAMILIES ARE

STRUGGLING MORE THAN YOU

COULD EVEN KNOW.

SO YOU'RE LOOKING AT THINGS

LIKE THE MINIMUM WAGE.

YOU HAVE PEOPLE WHO ARE

LITERALLY WORKING 40 HOURS A

WEEK AND EARNING LESS THAN

THE POVERTY LEVEL.

AND IT'S THAT KIND OF

INJUSTICE THAT MAKES THIS

ISSUE EVEN MORE STRIKING.

>> OKAY.

BUT HELP ME UNDERSTAND THE

RELATIONSHIP BETWEEN BANKS

AND POLITICSMENT BECAUSE ON

THE VEN DIAGRAM OF THAT YOU

ARE RIGHT IN THE MIDDLE OF

THAT.

BECAUSE YOU ARE THE NUMBER

ONE RECIPIENT OF MONEY FROM

GOLDMAN AND SACKS.

JPMORGAN WITH YOUR NUMBER

TWO CORPORATE DONOR OVER THE

LAST FIVE YEARS, WHAT I

DEEPLY WANT TO KNOW IS WHAT

DO YOU HAVE TO DO FOR THAT?

WHAT IS REQUIRED OF YOU FOR

THAT MONEY?

BECAUSE IT MAKES ME

UNCOMFORTABLE.

>> MY JOB IS TO REPRESENT

NEW YORK AND TO DO WHAT'S

RIGHT FOR PEOPLE.

MY JOB IS TO BE A VOICE FOR

PEOPLE WHO DON'T HAVE A

VOICE IN WASHINGTON.

THAT'S WHY I TAKE ON ISSUES

LIKE SEXUAL ASSAULT IN THE

MILITARY.

THAT'S WHY I'M TAKING ON

ISSUES TO FIGHTING TO RAISE

THE MINIMUM WAGE.

WE NEED MUCH MORE REGULATION

FOR THE BANKS.

WE NEED FAR MORE

TRANSPARENCY AND

ACCOUNTABILITY.

CONGRESS DIDN'T DO ENOUGH.

RIGHT NOW WE HAVE THE

BANKING COMMITTEE WORKING ON

A NUMBER OF FORMS TO DO THE

NEXT LAYER OF THINGS, MAKING

MORE CAPITAL REQUIREMENTS.

MAKING SURE THERE IS MORE

DISCLOSURE.

BUT A LOT OF THE STUFF THAT

WAS DONE ISN'T EVEN COMPLETE

YET.

WE'RE STILL WAITING FROM THE

REGULATORS, FROM THE SEC AND

CSEC.

>> YOU OBJECTIVELY KNOW A

LOT MORE ABOUT THIS MAN ME.

BUT IT BECOMES --

>> I LIKE THE FACT THAT YEAH,

I DO, YEAH, I DO.

BUT IT FEELS LIKE, THE

THING THAT CONCERNS ME IS

THE MONEY AND POLITICS.

CHICKEN AND EGG.

THE OPINIONS YOU HAVE ON

WALL STREET, DO YOU GET THE

MONEY BECAUSE YOU ALREADY

HAVE THOSE OPINIONS OR DO

YOU NEED THOSE OPINIONS TO

GET THE MONEY?

>> WELL, I BELIEVE IN

PUBLICLY FUNDSED ELECTIONS

AND I THINK WE SHOULD GET

THE MONEY OUT OF POLITICS

PERIOD.

BECAUSE AT THE END OF THE

DAY, REGARDLESS--

(APPLAUSE)

AT THE END OF THE DAY,

REGARDLESS OF WHO SUPPORTS

YOUR CAMPAIGN, WHETHER IT

HAPPENS TO BE A LAWYER OR A

BANKER, OR STATE ATHOE HOME

MOM, IT'S IRRELEVANT WHERE

THE MONEY COMES IF FROM,

WHAT MATTERS IS THE MONEY

DOESN'T TRUST POLITICIANS OR

POLITICSMENT AND THEY DON'T

TRUST IT BECAUSE OF THE

LEVEL OF MONEY IN

POLITICSMENT WHAT WE HAD IN

THE LAST ELECTION CYCLE WAS

OBSCENE.

WE HAD HUNDREDS OF MILLIONS

OF DOLLARS BEING SPENT ON

THESE ELECTIONS WITH LIT

REALLYLY NO DISCLOSURE.

SO SOMEBODY COULD PUT IN 100

MILLION BECAUSE THEY MIGHT

SUPPORT THE OIL INDUSTRY AND

THEY WANT TO ATTACK A GREEN

CANDIDATE FORBES DISCLOSURE.

WHAT WE'RE FIGHTING FOR IS

MAKING SURE THE END OF EVERY

POLITICAL AD AT A MINIMUM IT

SAYS I'M JOE C.E.O. AND A

PROVE THIS MESSAGE.

I'MMENT IN ONE DONOR AND I

APPROVE THIS MESSAGE.

I THINK WE SHOULD BE

FIGHTING FOR IS PUBLICLY

FUNDED ELECTIONS BECAUSE

THAT'S THE WAY WILL YOU

CREATE MORE TRANSPARENCY.

AND FRANKLY, PEOPLE WILL

HAVE MORE FAITH AGAIN IN OUR

GOVERNMENT WINCE HOPE SO,

CAN YOU STICK AROUND.

I WOULD LIKE TO TALK ABOUT

THERE MORE.

SENATOR GILLEBRAND, LADIES

AN

Loading...