1 00:00:22,239 --> 00:00:26,440 Speaker 1: And here we go. Welcome to the Big Podcast. Today 2 00:00:26,559 --> 00:00:30,039 is Thursday, the twenty first day of August year, ball 3 00:00:30,120 --> 00:00:33,920 Lord twenty twenty five. My name is Tom Sullivan. So 4 00:00:36,119 --> 00:00:40,039 a lot of some breaking news today. We've got the 5 00:00:40,079 --> 00:00:43,759 Appellate Court in New York has ruled in favor of 6 00:00:43,880 --> 00:00:48,719 Donald Trump regarding the five hundred plus million dollar fine 7 00:00:49,439 --> 00:00:53,200 that he was assessed in the case that Letitia James 8 00:00:53,240 --> 00:00:57,960 brought against him and the Trump organization regarding bank loans 9 00:00:58,000 --> 00:01:01,920 that they She accused them of overstating the value of 10 00:01:02,000 --> 00:01:06,400 the real estate and he got bank loans to provide 11 00:01:06,920 --> 00:01:09,920 for buying or running whatever he was using the money 12 00:01:09,959 --> 00:01:13,719 for for these real estate projects. And the case always 13 00:01:13,920 --> 00:01:18,280 was a weird one because there are no victims. There was. 14 00:01:18,799 --> 00:01:22,079 The banks made the loans. They obviously do their own 15 00:01:22,200 --> 00:01:26,439 due diligence. They don't make loans without double trip, especially 16 00:01:26,439 --> 00:01:30,799 big multimillion dollar loans, without sending their appraisal staff and 17 00:01:31,159 --> 00:01:34,599 real estate experts out to make sure that the security 18 00:01:34,640 --> 00:01:37,920 is there for making the loan. So banks made loans 19 00:01:38,359 --> 00:01:42,200 to the Trump organization and they got paid back with 20 00:01:42,359 --> 00:01:45,840 interest according to the term to the loan. The banks 21 00:01:45,840 --> 00:01:51,000 did not lose any money. They obviously again did their 22 00:01:51,079 --> 00:01:54,400 due diligence to make sure that it wasn't. They weren't 23 00:01:54,400 --> 00:01:56,719 going to rely upon just what Donald Trump told him 24 00:01:57,280 --> 00:01:58,959 the value of the property was. They were going to 25 00:01:58,959 --> 00:02:02,159 do their own value. They made the loans, they got 26 00:02:02,159 --> 00:02:05,319 a profit, they made, they got paid back with interest. 27 00:02:06,079 --> 00:02:08,800 So that whole case has always been weird. But he lost. 28 00:02:09,639 --> 00:02:13,680 He lost in a New York court and as a result, 29 00:02:13,960 --> 00:02:17,960 the original fine was three hundred and some million dollars. 30 00:02:18,599 --> 00:02:21,319 The judge really laid it on thick and that also 31 00:02:21,479 --> 00:02:25,479 accrued interest. So today it's over five hundred million dollars 32 00:02:25,520 --> 00:02:28,800 that Donald Trump and the Trump Organization owe to the 33 00:02:28,840 --> 00:02:32,360 State of New York. So long and behold. The appellate 34 00:02:32,360 --> 00:02:35,120 court took a look at it, and they disagreed with 35 00:02:35,199 --> 00:02:37,800 each other, the judges on the appellate Court, but they 36 00:02:37,840 --> 00:02:43,319 came to the conclusion about the penalty was way too excessive. 37 00:02:43,879 --> 00:02:47,560 Here is a legal reporter breaking the news today when 38 00:02:47,599 --> 00:02:49,840 the appellate court came out with their decision. 39 00:02:49,960 --> 00:02:52,479 Speaker 2: This is a huge win for President Donald Trump. A 40 00:02:52,520 --> 00:02:55,919 New York appeals court five member panels have agreed to 41 00:02:55,960 --> 00:02:59,960 throw out the nearly half a billion dollar judgment again 42 00:03:00,199 --> 00:03:02,719 the president. This was from the case brought by a 43 00:03:02,759 --> 00:03:06,039 New York Attorney General, Letitia James. Now this is a 44 00:03:06,080 --> 00:03:10,039 three hundred and twenty three page opinion. The judges remarkably 45 00:03:10,080 --> 00:03:13,960 could not reach unanimity on any one opinion, and they 46 00:03:14,000 --> 00:03:17,360 note that this was there were profound disagreements in how 47 00:03:17,400 --> 00:03:20,319 they were analyzing this, but enough of them they had 48 00:03:20,360 --> 00:03:22,520 agreed to this so that the case could move forward 49 00:03:22,599 --> 00:03:24,479 to the next stage, where they expect it will be 50 00:03:24,560 --> 00:03:28,560 appealed further. But this decision does say that the judgment 51 00:03:28,639 --> 00:03:32,120 the nearly half a billion dollars is thrown out. You'll 52 00:03:32,159 --> 00:03:34,520 remember that Trump had posted one hundred and seventy five 53 00:03:34,960 --> 00:03:38,159 million dollar bond that will be given back to him 54 00:03:38,159 --> 00:03:41,800 at some point. But that was a real significant judgment 55 00:03:41,840 --> 00:03:44,400 against the president. At the time he was facing the 56 00:03:44,439 --> 00:03:47,120 criminal charges, it was unclear if he would be able 57 00:03:47,120 --> 00:03:49,360 to raise the money. But now that is no longer 58 00:03:49,400 --> 00:03:53,800 a concern. That judgment is against him has been thrown out. Now, 59 00:03:54,039 --> 00:03:57,159 this opinion did affirm the liability in the case, which 60 00:03:57,199 --> 00:04:00,840 found him liable for fraud. But again the judges here 61 00:04:00,960 --> 00:04:04,240 were not unanimous and how they felt that this should 62 00:04:04,240 --> 00:04:07,159 play out one judge wanted a new trial, others saying 63 00:04:07,159 --> 00:04:09,879 that that's impractical because Trump is the president of the 64 00:04:10,000 --> 00:04:12,800 United States. So they are expecting there to be further 65 00:04:12,960 --> 00:04:16,120 litigation on this. But the headline here is that Trump 66 00:04:16,160 --> 00:04:19,199 is no longer liable for half a billion dollars. They 67 00:04:19,240 --> 00:04:21,639 do the judges here do expect this to be appealed. 68 00:04:21,680 --> 00:04:23,920 We've reached out to the New York Attorney General's Office, 69 00:04:24,079 --> 00:04:26,040 have not heard back. Have also reached out to Trump's 70 00:04:26,079 --> 00:04:28,600 legal team, have not heard back from them yet about 71 00:04:28,600 --> 00:04:30,879 what their next steps here will be. But it is 72 00:04:31,040 --> 00:04:33,680 likely the Attorney General's Office will appeal this, so the 73 00:04:33,720 --> 00:04:38,240 litigation will continue. But a significant decision here throwing out 74 00:04:38,279 --> 00:04:40,839 the half a billion dollar judgment that was facing the 75 00:04:40,839 --> 00:04:43,680 president and his two adult sons, So for now that 76 00:04:43,800 --> 00:04:46,560 is now off the table as this case continues to 77 00:04:46,639 --> 00:04:47,079 play out. 78 00:04:48,000 --> 00:04:51,839 Speaker 1: So this is the result of the appellate court taking 79 00:04:51,920 --> 00:04:54,000 It's been one year that they have been working on 80 00:04:54,040 --> 00:04:55,879 trying to figure out what the answer is. And like 81 00:04:56,120 --> 00:05:01,639 the reporter said that the decision about civil was not change. 82 00:05:02,160 --> 00:05:06,079 It was the penalty that was thrown out and now 83 00:05:06,480 --> 00:05:09,920 Leticia James will probably appeal this up to the top 84 00:05:10,319 --> 00:05:13,600 appellate court in New York State, and so he'll still 85 00:05:13,639 --> 00:05:18,120 be subject to judges in New York. But it's right 86 00:05:18,160 --> 00:05:20,240 it at the tippy top level of this obviously was 87 00:05:20,240 --> 00:05:23,480 a big win for the President. Ellie Hoenig, who was 88 00:05:23,519 --> 00:05:29,519 a former federal prosecutor. He hangs out mostly on the 89 00:05:29,600 --> 00:05:31,959 left side of the aisle, but this is his reaction. 90 00:05:32,160 --> 00:05:34,680 Speaker 3: I have been skeptical of the Attorney General's case for 91 00:05:34,720 --> 00:05:36,680 a long time. I'm on record saying that this is 92 00:05:37,040 --> 00:05:39,720 a huge win for Donald Trump anyway you cut it, 93 00:05:39,759 --> 00:05:42,920 and this is a stinging rebuke to the Attorney General, 94 00:05:43,000 --> 00:05:46,240 Letitia James. The finding here, it's a very long, complicated ruling, 95 00:05:46,279 --> 00:05:49,600 but the bottom line is while the finding of liability 96 00:05:49,639 --> 00:05:53,199 against Donald Trump can stand for now, at least the 97 00:05:53,319 --> 00:05:55,959 damages award, which started at three hundred and fifty million 98 00:05:56,000 --> 00:05:59,000 dollars with interest, gets up close to five hundred million dollars. 99 00:05:59,360 --> 00:06:03,720 That is thrown out. And the core reason for that ruling, 100 00:06:03,759 --> 00:06:06,319 according to the judges, is essentially that there was not 101 00:06:06,480 --> 00:06:09,560 enough of a showing here that there were actual victims, 102 00:06:09,560 --> 00:06:12,439 and just to refresh people's memories, this is the civil 103 00:06:12,519 --> 00:06:15,879 fraud lawsuit brought by the Attorney General. The core allegation 104 00:06:15,959 --> 00:06:20,199 is that Donald Trump habitually overvalued his own assets when 105 00:06:20,199 --> 00:06:22,759 he was trying to get bank loans from banks and 106 00:06:22,800 --> 00:06:25,800 other lenders. And essentially the argument that Donald Trump made 107 00:06:25,920 --> 00:06:28,839 below that has now had resonance in the appeals court 108 00:06:28,959 --> 00:06:32,519 is you're talking about very sophisticated quote unquote victims. These 109 00:06:32,519 --> 00:06:36,319 are billion dollar banks that made the loans, got repaid 110 00:06:36,399 --> 00:06:39,480 on the loans by Donald Trump with interest, and actually 111 00:06:39,519 --> 00:06:42,360 profited to the tune of millions of dollars. So it's 112 00:06:42,399 --> 00:06:44,639 not the typical type of fraud case where you have 113 00:06:44,720 --> 00:06:48,680 somebody stealing money from other people or ripping off unknowing consumers. 114 00:06:48,839 --> 00:06:52,360 So this ruling by the appeals court is monumental. It 115 00:06:52,439 --> 00:06:55,120 was also very unusual in that it took them nearly 116 00:06:55,160 --> 00:06:58,040 a year to reach this decision. The next step is 117 00:06:58,040 --> 00:07:00,199 going to be to go up to the highest or 118 00:07:00,240 --> 00:07:02,240 in the state, the Court of Appeals in New York State. 119 00:07:03,319 --> 00:07:05,759 Speaker 1: Yeah, that's from a kind of hangs out on the 120 00:07:05,800 --> 00:07:09,360 left side of the lawyer. Let's go to a guy 121 00:07:09,360 --> 00:07:11,680 who hangs out on the right side of the aisle, 122 00:07:11,800 --> 00:07:14,439 and that's Andy McCarthy. Here's his reaction. 123 00:07:14,720 --> 00:07:21,000 Speaker 4: Well, I think that Trump may be ultimately completely exonerated 124 00:07:21,120 --> 00:07:24,639 on this. For now, the penalty goes. There was division 125 00:07:24,720 --> 00:07:27,399 in the appeals court about the merits of the underlying 126 00:07:27,439 --> 00:07:31,720 suit what they found basically under an Eighth Amendment theory, 127 00:07:32,399 --> 00:07:37,480 that's the amendment that prohibits full and unusual punishments. There 128 00:07:37,560 --> 00:07:42,519 was such a mismatch between whatever wrong was actually established 129 00:07:42,560 --> 00:07:47,680 in the trial and the outrageous penalty that was imposed 130 00:07:47,680 --> 00:07:50,839 for it, which was I think three hundred and fifty 131 00:07:50,920 --> 00:07:54,399 five million, which with interest and other costs is already 132 00:07:54,480 --> 00:07:57,560 up to about five hundred and thirty million now because 133 00:07:57,600 --> 00:08:01,480 it's continued to accruve for a while. That was such 134 00:08:01,480 --> 00:08:06,879 a ridiculous mismatch between what the penalty was and whatever 135 00:08:06,959 --> 00:08:10,000 the wrong was that was established, that that had to go. 136 00:08:10,639 --> 00:08:12,800 The court is leaving in place some other what they 137 00:08:12,839 --> 00:08:17,439 call injunctive rulings that were made by the court. So 138 00:08:17,439 --> 00:08:20,800 some things have to be sorted out, like how much 139 00:08:20,920 --> 00:08:25,160 monitoring Trump's organization is going to be under. But he's 140 00:08:25,160 --> 00:08:29,399 out from under the most important part of the case obviously, 141 00:08:29,839 --> 00:08:32,360 and I think there could still be an appeal to 142 00:08:32,440 --> 00:08:34,639 the highest appeals court in New York, the Court of 143 00:08:34,679 --> 00:08:38,320 Appeals where they will deal with the question that seems 144 00:08:38,320 --> 00:08:41,320 to have vexed the appellate division, which is the whole 145 00:08:41,399 --> 00:08:45,399 merits of the case, and whether Leticia James, the Attorney 146 00:08:45,440 --> 00:08:48,720 General in New York State, should have been able to 147 00:08:48,840 --> 00:08:52,960 use a consumer protection statute that had never been used 148 00:08:52,960 --> 00:08:56,120 in this way to try to establish a fraud case 149 00:08:56,639 --> 00:09:02,279 based on sophisticated financial actors, where you know, this is 150 00:09:02,279 --> 00:09:05,919 not a situation that a consumer protection statute was ever 151 00:09:05,960 --> 00:09:09,399 meant to apply. She lost, But I think Trump is 152 00:09:09,519 --> 00:09:13,120 president because of law fair and I think this was 153 00:09:13,279 --> 00:09:16,120 just one It was a big part of it, but 154 00:09:16,200 --> 00:09:20,120 it was just one part of an overarching campaign in 155 00:09:20,159 --> 00:09:24,600 which Trump actually won sympathy from even people who weren't 156 00:09:24,600 --> 00:09:28,519 particularly sympathetic to him to begin with, but who saw 157 00:09:28,679 --> 00:09:30,360 this could be done to him, It could be done 158 00:09:30,440 --> 00:09:30,960 to anyone. 159 00:09:31,559 --> 00:09:34,000 Speaker 1: There's another name that should be included in this as well, 160 00:09:34,080 --> 00:09:39,360 as far as somebody who overstated everything in this case, 161 00:09:39,600 --> 00:09:43,200 and that was the judge Juan Marshon ed Mershon. He 162 00:09:43,240 --> 00:09:45,799 has a relative, I believe that was very active in 163 00:09:45,840 --> 00:09:50,360 the Democrat Party. He should have recused himself, but he 164 00:09:50,840 --> 00:09:54,559 obviously had an ax to grind on Donald Trump. He's 165 00:09:54,600 --> 00:09:56,879 the one who came up with the three hundred and 166 00:09:56,879 --> 00:10:01,120 fifty million plus interest fine. So that will be interesting 167 00:10:01,159 --> 00:10:04,840 to see when it gets to the top court. In 168 00:10:04,879 --> 00:10:07,840 New York state, the top court is an appellate court. 169 00:10:08,320 --> 00:10:11,600 The Supreme Court is actually a lower court in the 170 00:10:11,600 --> 00:10:14,080 state of New York. I know it's backwards, so this 171 00:10:14,200 --> 00:10:17,000 is probably going to go up to the top court. 172 00:10:18,759 --> 00:10:23,279 What Andy mentioned also the fact that this was lawfair 173 00:10:24,000 --> 00:10:29,720 and because of the four indictments against Donald Trump's citizen, 174 00:10:30,519 --> 00:10:32,480 he thinks, and I think a lot of people do 175 00:10:32,879 --> 00:10:36,759 think that that actually did help Donald Trump. So the 176 00:10:37,159 --> 00:10:41,120 backlash was there. The efforts by the Democrat Party to 177 00:10:41,159 --> 00:10:46,000 get Donald Trump in jail before the election not only failed, 178 00:10:46,000 --> 00:10:50,080 but it actually helped him in many people's eyes. Now, 179 00:10:50,200 --> 00:10:55,399 speaking of law fair, and speaking of Letitia James, she 180 00:10:55,759 --> 00:10:58,960 is now being investigated because of the fact that she 181 00:10:59,200 --> 00:11:05,759 has applied for mortgages a home in Virginia and a 182 00:11:05,840 --> 00:11:10,480 home in Brooklyn. And the home in Brooklyn has five 183 00:11:11,080 --> 00:11:15,759 units and it's supposed to be five bedrooms, I should say. 184 00:11:16,240 --> 00:11:19,759 And there's a big difference in the way that lenders 185 00:11:19,960 --> 00:11:24,639 make loans based upon whether a property is your principal 186 00:11:24,639 --> 00:11:27,279 residence or not. In other words, they're not going to 187 00:11:27,320 --> 00:11:29,399 give you. They'll give you the best rate for the 188 00:11:29,440 --> 00:11:34,639 home that you occupy. The reason behind that is pretty 189 00:11:34,679 --> 00:11:39,120 simple is that if you get into financial stress, you 190 00:11:39,159 --> 00:11:43,000 may skip the payment to visa, you may skip the 191 00:11:43,000 --> 00:11:46,240 payment to your car loan, but you're not going to 192 00:11:46,320 --> 00:11:49,919 skip the payment on the roof over your head. So 193 00:11:50,000 --> 00:11:55,000 that is why principal residence loans get a better rate 194 00:11:55,080 --> 00:12:00,720 because they're less risky of failure. So the otheries. If 195 00:12:00,720 --> 00:12:03,360 you have some other property, you can call it what 196 00:12:03,399 --> 00:12:07,200 you want, but it's not your principal residence. And in fact, 197 00:12:07,879 --> 00:12:12,960 Letitia James got lied on the mortgage application is the 198 00:12:13,000 --> 00:12:16,559 accusation and said that both the property in Virginia and 199 00:12:16,600 --> 00:12:19,919 the property in Brooklyn were her principal residents, and that 200 00:12:20,000 --> 00:12:24,799 the property had four bedrooms not five, because five gets 201 00:12:24,879 --> 00:12:30,720 also a different rate than a four bedroom home. It's sorry, 202 00:12:30,720 --> 00:12:34,159 it's just part of the banking risk management that they do. 203 00:12:34,720 --> 00:12:38,000 So not only is Leticia James under investigation, but a 204 00:12:38,039 --> 00:12:42,960 new one popped up yesterday, and that is one of 205 00:12:42,960 --> 00:12:46,000 the members of the Federal Open Market Committee the FED, 206 00:12:46,399 --> 00:12:50,159 who votes on interest rates and her name is Lisa Cook, 207 00:12:51,000 --> 00:12:53,960 and she said that she will not be bullied, she 208 00:12:54,039 --> 00:12:59,840 will not resign. But she got lower rates because she 209 00:13:00,120 --> 00:13:03,200 has a home in Michigan and a home in Georgia, 210 00:13:03,480 --> 00:13:06,919 and she claimed on the mortgage application that both of 211 00:13:06,960 --> 00:13:11,279 them are her principal residences. Well, that can't be one 212 00:13:11,279 --> 00:13:14,600 of them. Is one of them? Isn't? The issue is 213 00:13:14,799 --> 00:13:20,120 about lying to banks when you're asking for a loan. 214 00:13:24,320 --> 00:13:30,360 So this could easily be called law fare backlash again 215 00:13:30,960 --> 00:13:35,200 because now you've got Letitia James home in Virginia, home 216 00:13:35,279 --> 00:13:39,120 in Brooklyn, You've got the Fed governor, Lisa Cook home 217 00:13:39,200 --> 00:13:42,639 in Michigan, home in Georgia. And you've got Adam Schiff, 218 00:13:43,559 --> 00:13:47,120 the senator from California. He has a home in Maryland 219 00:13:47,200 --> 00:13:51,000 and a home in Burbank, and he's claimed on both 220 00:13:51,000 --> 00:13:54,360 of those those are his principal residences, both of them, 221 00:13:54,720 --> 00:13:58,200 and it can only be one. So lying on a 222 00:13:58,240 --> 00:14:03,720 bank loan is a Some of the people on the 223 00:14:03,759 --> 00:14:06,879 Morning show over at CNBC we're chatting about this this morning. 224 00:14:07,159 --> 00:14:09,279 Speaker 5: It's law fair and it's probably a bad way to 225 00:14:09,399 --> 00:14:13,919 run a And I'm not saying that Trump doesn't have reason, 226 00:14:14,039 --> 00:14:16,320 because I think he thinks that the same thing was 227 00:14:16,679 --> 00:14:21,200 done to him during his Adam it's Adam scheft Leticia James, 228 00:14:21,279 --> 00:14:23,919 this person, this was four years ago. I didn't see 229 00:14:23,919 --> 00:14:27,320 a maggot tweet that says, so the Fed won't lower rates, 230 00:14:27,399 --> 00:14:30,360 but they'll get better rates for themselves, which is that's 231 00:14:30,360 --> 00:14:33,679 the maggot take on. But this is right in your wheelhouse. 232 00:14:34,080 --> 00:14:37,399 I knew it yesterday. Tell everybody about what we're talking about. Well, 233 00:14:37,399 --> 00:14:40,440 supposedly four years ago, before she was a Fed governor, 234 00:14:40,480 --> 00:14:43,759 she claimed the principal residence of some house she was 235 00:14:43,759 --> 00:14:46,399 going to rent or some got a lower mortgage rate. 236 00:14:46,559 --> 00:14:52,080 But this POULTI the FHFA. I guess you could say 237 00:14:52,200 --> 00:14:54,320 that this is part of his purview. But this is 238 00:14:54,360 --> 00:14:57,919 the third I think it was Adam shift to and Laticia. 239 00:14:57,919 --> 00:15:01,519 It's all coming from from here. And then the President 240 00:15:01,600 --> 00:15:05,360 himself tweeted or whatever it's called on social media that 241 00:15:05,399 --> 00:15:08,879 she's got to resign. But it certainly looks like for 242 00:15:08,879 --> 00:15:12,480 anybody who Federal Reserve Governor Lisa Cook says, she I 243 00:15:12,480 --> 00:15:14,840 don't you know, I don't know if this. She says 244 00:15:14,879 --> 00:15:17,080 she has no intention of being bullied to step down 245 00:15:17,120 --> 00:15:21,000 from her position. Following claims by a Trump administration official 246 00:15:21,039 --> 00:15:23,399 that she committed a mortgage fraud, and a statement, Cook 247 00:15:23,399 --> 00:15:26,120 said she intends to take any questions about my financial 248 00:15:26,200 --> 00:15:28,840 history seriously as a member of the Federal Reserves. So 249 00:15:28,919 --> 00:15:32,039 I'm gathering the accurate information to answer any legitimate questions 250 00:15:32,799 --> 00:15:36,759 and provide the facts. Nominated to her position by Joe 251 00:15:36,759 --> 00:15:40,120 Biden in twenty twenty two, the fight kicked offlin The 252 00:15:40,120 --> 00:15:44,600 head of the FHFA, Bill Polti, sent a letter to 253 00:15:44,960 --> 00:15:49,840 Justice Department officials asking the DOJ to criminally investigate Cook. 254 00:15:49,879 --> 00:15:53,320 He allegedis Cook claimed two different properties, as we just said, 255 00:15:53,320 --> 00:15:56,159 as her primary residence. At the same time, President trust 256 00:15:56,279 --> 00:16:00,679 Weeks apart took out President Trump posts on Trusseau yesterday 257 00:16:00,720 --> 00:16:04,720 that Cook must resign now. But you know, go back 258 00:16:04,759 --> 00:16:10,559 to the FED building being remodeled. They're looking for the 259 00:16:10,679 --> 00:16:12,480 look reason too. 260 00:16:12,639 --> 00:16:14,840 Speaker 6: There's nothing that look if she did this, this is 261 00:16:14,879 --> 00:16:17,639 a problem. You lie on federal documents. It is for 262 00:16:17,679 --> 00:16:21,039 a mortgage application. It is a crime. The question comes 263 00:16:21,039 --> 00:16:23,879 in with how you're getting this information, how you're using it. 264 00:16:23,919 --> 00:16:25,840 I went and looked at the letter that Bill Polti 265 00:16:25,919 --> 00:16:28,440 sent to Pambondi. He said, in the course of exercising 266 00:16:28,519 --> 00:16:31,840 US Federal Housing authorities under the Federal Housing Enterprises, Financial 267 00:16:31,879 --> 00:16:35,039 Safety and Soundness Act of nineteen ninety two, US Federal 268 00:16:35,080 --> 00:16:37,919 Housing has identified matters that are appropriate for referral to 269 00:16:37,960 --> 00:16:41,000 the US Department of Justice for consideration of criminal prosecution. 270 00:16:41,159 --> 00:16:43,480 Were they, I guess the question is were they looking 271 00:16:43,759 --> 00:16:46,039 through the list of people that they're trying to get 272 00:16:46,399 --> 00:16:50,320 booted out of jobs for cause and using this information 273 00:16:50,399 --> 00:16:51,720 that's collected that you at the. 274 00:16:52,519 --> 00:16:55,879 Speaker 1: So it appears that this was the way they got 275 00:16:55,879 --> 00:16:59,600 the information. And they're talking about Bill Poulty. He's the 276 00:16:59,679 --> 00:17:04,480 grand son of William Poulty who started Poulty Holmes. So 277 00:17:04,519 --> 00:17:09,079 he's a real estate guy and he is the head 278 00:17:09,400 --> 00:17:14,279 of the Federal Housing Finance Authority. And somebody sent a 279 00:17:14,319 --> 00:17:21,160 tip to him saying, hey, this FED member is claiming 280 00:17:21,279 --> 00:17:25,640 two different homes as their primary residents. And therefore, I 281 00:17:25,680 --> 00:17:28,279 mean the numbers. Somebody did the numbers the other day 282 00:17:28,480 --> 00:17:32,480 about over a thirty year mortgage you could save with 283 00:17:32,559 --> 00:17:36,440 a slightly lower interest rate that they give for primary residents, 284 00:17:36,680 --> 00:17:40,440 you could save fifty thousand dollars. So it is a 285 00:17:40,480 --> 00:17:44,000 crime and it was a tip, and I don't know 286 00:17:44,000 --> 00:17:50,000 if the tip was somebody within the FED. We don't know, 287 00:17:50,519 --> 00:17:55,759 but we I'm sure we'll find out. And speaking of criminals, 288 00:17:56,000 --> 00:18:00,680 Menendez brothers parole herring got under way today and California 289 00:18:01,640 --> 00:18:06,599 this is it's Eric Menendez. One of the boys had 290 00:18:06,680 --> 00:18:09,559 his hearing today, the other one gets his hearing tomorrow, 291 00:18:09,759 --> 00:18:12,079 and then the parole board, I presume, will take some 292 00:18:12,200 --> 00:18:15,160 time to make a decision about what to do. They 293 00:18:15,200 --> 00:18:20,799 have been in prison for thirty six years since they 294 00:18:20,960 --> 00:18:26,039 took a shotgun and killed both their mother and their father. Yeah, 295 00:18:26,079 --> 00:18:30,279 thirty six years ago. They were sentenced to life in 296 00:18:30,359 --> 00:18:35,279 prison without the possibility of parole. So what does that mean. 297 00:18:36,200 --> 00:18:39,599 I thought life in prison without the possibility of parole 298 00:18:39,799 --> 00:18:42,960 was life in prison without the possibility of parole. But 299 00:18:43,000 --> 00:18:45,519 instead here we are. And I know it's been thirty 300 00:18:45,559 --> 00:18:51,559 six years and the family is concerned about whether or 301 00:18:51,599 --> 00:18:53,440 not they will be how they will be able to 302 00:18:53,799 --> 00:18:58,119 re enter society as productive citizens. And I don't know 303 00:18:58,119 --> 00:19:01,359 about you, but there's been a lot of things that 304 00:19:01,400 --> 00:19:05,119 have changed in the last thirty six years. I mean 305 00:19:05,119 --> 00:19:09,519 they don't have I mean the phones were plugged into 306 00:19:09,519 --> 00:19:12,160 the wall with a wire when they went to prison. 307 00:19:13,160 --> 00:19:15,759 I mean it's odd. I mean, computers and laptops and 308 00:19:15,799 --> 00:19:19,359 all that did not exist back then. So how they're 309 00:19:19,359 --> 00:19:22,160 going to re enter society. It seems to me like 310 00:19:22,240 --> 00:19:25,319 they would be better off just to stay where they are. 311 00:19:25,680 --> 00:19:28,759 They have I'm sure adjusted to prison life by now, 312 00:19:30,160 --> 00:19:33,640 but I just it begs the question, why when you 313 00:19:33,720 --> 00:19:37,400 see in a courtroom a judge sent in somebody to 314 00:19:37,599 --> 00:19:41,440 life in prison without the possibility of parole, how does 315 00:19:41,559 --> 00:19:48,039 that get changed? They slaughtered their parents, shot them both 316 00:19:48,119 --> 00:19:54,759 with shotguns. I don't understand. All right, Onto the politics 317 00:19:54,799 --> 00:19:58,960 of the day. The Democrats are trying to find a 318 00:19:59,000 --> 00:20:01,920 message in trying to find some leadership, and the governor 319 00:20:01,960 --> 00:20:09,480 of California, Gavin Newsom, has noticeably changed his plan. He's 320 00:20:09,640 --> 00:20:13,799 doing social media a lot of it, and he's using 321 00:20:14,039 --> 00:20:18,319 the same sort of tactics as President Trump. He will 322 00:20:18,359 --> 00:20:22,799 be very brash, very bold, call people names, insult people, 323 00:20:22,839 --> 00:20:26,720 whatever it might be. And why Trump gets away from 324 00:20:26,759 --> 00:20:31,559 it is another whole story. But that's Donald Trump and 325 00:20:31,599 --> 00:20:34,200 he's done it for years and the more he does, 326 00:20:34,400 --> 00:20:37,240 people that support him really seem to like him even 327 00:20:37,279 --> 00:20:42,240 more so. Gavin Newsom is trying to do Donald Trump. 328 00:20:42,319 --> 00:20:47,119 And people have tried to do Trump's method and every 329 00:20:47,240 --> 00:20:52,720 single time they have failed. But it's noticeable that he 330 00:20:52,839 --> 00:20:57,200 has changed his method to where he's insulting people and 331 00:20:57,319 --> 00:21:01,839 mocking everything that Donald Trump does. So one of the 332 00:21:02,880 --> 00:21:06,359 press people from the Biden administration was asked about this, 333 00:21:06,440 --> 00:21:09,599 her name is Kendra Barkoff, about what's going on with 334 00:21:10,559 --> 00:21:11,279 Gavin Newsom. 335 00:21:11,400 --> 00:21:12,799 Speaker 7: I think we need to try everything. 336 00:21:12,880 --> 00:21:14,880 Speaker 8: It's clear that what we tried to do in the 337 00:21:14,960 --> 00:21:18,440 last election did not work. The Republicans took over both 338 00:21:18,519 --> 00:21:21,039 seats of Congress and has the White House, and so 339 00:21:21,079 --> 00:21:24,519 what Gavin Newsom is trying something different and it's clearly 340 00:21:24,559 --> 00:21:26,480 working to the extent that it's getting under the White 341 00:21:26,480 --> 00:21:29,480 House's skin. Trump is heating about it, it's getting under 342 00:21:29,599 --> 00:21:33,799 many maga Fox News commentators. You saw Steve Bannon talking 343 00:21:33,799 --> 00:21:36,480 about it, you saw Dana Perino talking about it. Clearly 344 00:21:36,519 --> 00:21:39,240 something is working because it is being talked about in 345 00:21:39,240 --> 00:21:42,359 those circles, and he's trying to do something different that's 346 00:21:42,480 --> 00:21:43,839 authentic to his voice. 347 00:21:44,000 --> 00:21:44,559 Speaker 9: It's working. 348 00:21:44,799 --> 00:21:47,559 Speaker 1: Well, that's the thing. It's not authentic to his voice. 349 00:21:47,599 --> 00:21:50,680 That's not the way Gavin Newsom is ever operated, but 350 00:21:50,759 --> 00:21:54,319 he is now and so people are talking about it 351 00:21:54,839 --> 00:22:00,400 in the political cocktail parties. But Lanny Chen, who is 352 00:22:00,519 --> 00:22:04,920 a big Republican out in California, this is his take 353 00:22:04,960 --> 00:22:05,240 on it. 354 00:22:05,640 --> 00:22:07,720 Speaker 7: Well, I think if his goal is to convince a 355 00:22:07,960 --> 00:22:11,440 primary electorate of Democrats, very well could work for him, 356 00:22:11,440 --> 00:22:13,799 because you've got a party that's completely in the wilderness, 357 00:22:14,119 --> 00:22:16,000 doesn't appear to have a vision for the future of 358 00:22:16,039 --> 00:22:18,559 the country. And really what it comes down to is 359 00:22:18,720 --> 00:22:22,160 individual leaders staking their claim and I think Governor knew 360 00:22:22,240 --> 00:22:26,319 some by engaging in this redistricting gambit puts himself in 361 00:22:26,400 --> 00:22:29,000 a very unique position. And if you look at his 362 00:22:29,079 --> 00:22:32,480 positioning in survey research in recent polls, it's clear that 363 00:22:32,559 --> 00:22:35,480 what he's doing is breaking through a Democratic primary voters. 364 00:22:35,480 --> 00:22:38,279 So from that perspective, a very savvy move by the governor. 365 00:22:38,759 --> 00:22:41,920 Speaker 1: One thing that Laney pointed out, this is probably going 366 00:22:41,960 --> 00:22:45,039 to help him in a primary contest where he's running 367 00:22:45,079 --> 00:22:49,079 against other Democrats, but will it actually work in the 368 00:22:49,160 --> 00:22:55,160 general election with the entire populace And it's not authentic, 369 00:22:55,240 --> 00:22:58,680 It just is not, which brings up an interesting article 370 00:22:58,720 --> 00:23:02,920 in The New York Times Shane Goldmacher and Jonah Smith. 371 00:23:03,759 --> 00:23:07,640 This is yesterday. They wrote the Democratic Party is hemorrhaging 372 00:23:07,720 --> 00:23:11,160 voters long before they even go to the polls. Of 373 00:23:11,200 --> 00:23:15,960 the thirty states that track voter registration by political party, 374 00:23:16,640 --> 00:23:21,079 Democrats have lost ground to Republicans in every single one 375 00:23:21,079 --> 00:23:24,599 between the twenty twenty and twenty twenty four elections, and 376 00:23:24,839 --> 00:23:29,960 often by a lot. The four year swing toward Republicans 377 00:23:30,039 --> 00:23:32,799 adds up. This is New York Times adds up to 378 00:23:32,960 --> 00:23:35,519 four and a half million voters that have gone from 379 00:23:35,559 --> 00:23:39,759 Democrat to Republican. And they're writing a deep political whole 380 00:23:39,839 --> 00:23:43,240 that could take years for the Democrats to climb out of. 381 00:23:43,640 --> 00:23:47,480 So there is literally a stampede away from the Democrat 382 00:23:47,519 --> 00:23:52,440 Party in the battleground states, the blue estates, the red estates, 383 00:23:53,039 --> 00:23:57,480 it doesn't matter. So there's a problem. And now Gavin Newsom, 384 00:23:57,920 --> 00:24:03,480 this may help him versus Democrats, but they're all basically 385 00:24:03,519 --> 00:24:07,400 looking around in a circle at their belly buttons. They're 386 00:24:07,440 --> 00:24:11,880 not getting that message out to the broad population. One 387 00:24:11,920 --> 00:24:14,960 of the biggest problems that Newsom has is that he 388 00:24:15,119 --> 00:24:19,079 is the governor of a state that is not doing well, 389 00:24:19,720 --> 00:24:21,920 and as a result, people are going to look at 390 00:24:21,960 --> 00:24:25,240 They've got the highest taxes, income taxes. They've got the 391 00:24:25,319 --> 00:24:29,519 highest gas tax. We played it yesterday before Lady called 392 00:24:29,559 --> 00:24:33,359 and said that the California gas tax just went up 393 00:24:33,400 --> 00:24:38,319 another thirty cents a gallon and they're already just under 394 00:24:38,359 --> 00:24:42,839 five dollars average gas price in California. So they don't 395 00:24:42,880 --> 00:24:47,960 have a good record of managing their state and they're 396 00:24:47,960 --> 00:24:49,799 going to try to turn this over to somebody else. 397 00:24:49,960 --> 00:24:53,599 Marcus Lamonis, who is on the board of bed Bath 398 00:24:53,680 --> 00:24:56,640 and Beyond, I know they went bankrupt and this Marcus 399 00:24:56,920 --> 00:24:59,880 in another group bought out the name and are re 400 00:25:00,079 --> 00:25:03,559 opening bed Bath and Beyond stores across the country, but 401 00:25:03,839 --> 00:25:08,319 not in California. Here is Marcus. 402 00:25:07,240 --> 00:25:10,640 Speaker 9: Planning and opening three hundred over the next twenty four months. 403 00:25:10,880 --> 00:25:13,200 We've made the decision to not open in the state 404 00:25:13,240 --> 00:25:15,960 of California when you look at the complexity, both on 405 00:25:16,000 --> 00:25:19,640 the real estate side, on the regulatory side, both on 406 00:25:19,720 --> 00:25:22,279 the product and the employee side. It's just too cost 407 00:25:22,319 --> 00:25:25,279 prohibitive to do it. And at some point some business 408 00:25:25,319 --> 00:25:27,799 needs to take a stand and remind the state of 409 00:25:27,839 --> 00:25:30,279 California that while they keep reminding us that they're the 410 00:25:30,359 --> 00:25:33,640 fourth largest economy in the world, that's going to dissipate 411 00:25:33,680 --> 00:25:35,680 over time, so we are just going to serve those 412 00:25:35,720 --> 00:25:37,519 customers with our online business. 413 00:25:37,599 --> 00:25:41,799 Speaker 1: Yeah, they're opening three hundred stores nationwide. Not one of 414 00:25:41,839 --> 00:25:46,119 them will be in California because of the regulatory and 415 00:25:46,279 --> 00:25:51,519 cost of doing business in California. Let's talk about some 416 00:25:51,559 --> 00:25:54,599 of the economic news that came out today. Jobless claims 417 00:25:54,599 --> 00:25:58,119 Thursday morning always come out, and they went the wrong direction. 418 00:25:58,759 --> 00:26:01,000 Jobless claims went up by a eleven thousand, up to 419 00:26:01,079 --> 00:26:05,319 two hundred thirty five thousand. That is much higher than 420 00:26:05,400 --> 00:26:10,839 had been expected. Continuing claims a million, nine hundred seventy thousand. 421 00:26:11,359 --> 00:26:16,759 That is the highest continuing claims since November of twenty 422 00:26:16,960 --> 00:26:22,920 twenty one. Purchasing managers, the purchase managers is an interesting 423 00:26:23,599 --> 00:26:27,599 It's the institute of supply managers. I know it sounds 424 00:26:27,920 --> 00:26:30,559 kind of wonky, but supply managers the people that are 425 00:26:30,559 --> 00:26:35,200 actually out there in businesses buying things, buying product, inventory, 426 00:26:36,000 --> 00:26:40,279 janitorial supplies, whatever they need for their business. A reading 427 00:26:40,359 --> 00:26:44,240 on the index of fifty is square in the middle. 428 00:26:44,720 --> 00:26:47,400 It ranges from zero to one hundred, and if it's 429 00:26:47,440 --> 00:26:51,559 above fifty, it means the purchasing managers are buying more 430 00:26:51,680 --> 00:26:55,720 things if it's below fifty, they're cutting back on their purchasing. 431 00:26:56,160 --> 00:26:59,279 So today we got the purchasing manager's index for the 432 00:26:59,359 --> 00:27:04,039 month of July and it was forty eight, below fifty. 433 00:27:04,720 --> 00:27:07,519 In fact, it was down from June was forty nine. 434 00:27:08,200 --> 00:27:11,599 July was forty eight. Anything below fifty means that the 435 00:27:11,599 --> 00:27:16,680 purchasing managers are cutting back. Existing home sales came out 436 00:27:16,720 --> 00:27:21,599 today and they were up. Kind of surprised everybody because 437 00:27:21,599 --> 00:27:23,960 it was looking for unchanged, but it was up two 438 00:27:24,039 --> 00:27:28,599 percent in the month of July. Not bad. It was 439 00:27:28,720 --> 00:27:31,119 again expectations were it was going to be unchanged, so 440 00:27:31,160 --> 00:27:35,279 that was better. And leading economic indicators, and this is 441 00:27:36,079 --> 00:27:39,279 exactly what the title says, they're looking forward. It's not 442 00:27:39,359 --> 00:27:44,720 a lagging indicator. They're looking forward. And the leading economic indicators, 443 00:27:44,759 --> 00:27:48,799 down one tenth of a percent in July, is down 444 00:27:48,960 --> 00:27:52,480 two point seven percent over the last six months. So 445 00:27:52,559 --> 00:27:57,079 the leading economic indicators are pointing toward a slowdown in 446 00:27:57,160 --> 00:27:59,720 the economy. Over getting near the end of the week, 447 00:27:59,759 --> 00:28:02,920 let's get some phone calls in here from people who 448 00:28:02,960 --> 00:28:05,759 have tapped our phone line. The phone number eight five 449 00:28:06,000 --> 00:28:11,079 five two nine five sixty six hundred eight five five 450 00:28:11,160 --> 00:28:14,640 two nine five sixty six hundred. If you can't remember it, 451 00:28:14,680 --> 00:28:17,279 you can go to my website Tom Sullivan dot com. 452 00:28:17,279 --> 00:28:22,279 There's the number. Okay, So this phone call from somebody 453 00:28:22,279 --> 00:28:25,880 who wants to break up the state of California. 454 00:28:26,400 --> 00:28:32,920 Speaker 10: Hello, some I'm Sullivans. We're all basks from from California. Well, California, 455 00:28:33,240 --> 00:28:35,960 you haven't new something needs to be worried about. It's 456 00:28:36,160 --> 00:28:41,079 about California not being broken in love because California is 457 00:28:41,240 --> 00:28:46,359 way too big. In order for the United States to exist, 458 00:28:47,160 --> 00:28:50,079 California needs to be broken up into smaller states than 459 00:28:50,160 --> 00:28:54,559 Loder for general United States to to survive. And one 460 00:28:54,599 --> 00:28:57,960 of one of my plans is to create a new state. 461 00:28:58,680 --> 00:29:02,319 And my state will ash lead buy up all Californian 462 00:29:02,440 --> 00:29:07,240 gas stations. I next them into my new state. We 463 00:29:07,279 --> 00:29:11,119 will transport our our gas to those gas stations through 464 00:29:11,200 --> 00:29:14,920 California or all roadways, and California can it cannot do 465 00:29:14,920 --> 00:29:19,319 anything about it. We will sell that GasPort for only 466 00:29:19,400 --> 00:29:22,440 ten central tacks. We will keep five SnSe attacked and 467 00:29:22,480 --> 00:29:26,559 we'll get to look a jurisdiction and five CYS attacks California. 468 00:29:27,599 --> 00:29:31,559 Even though pert should be broken up, Tila pleas. 469 00:29:32,799 --> 00:29:34,880 Speaker 1: Well He's not the first guy to come along with 470 00:29:34,920 --> 00:29:37,200 the idea of breaking up California. Who was that group 471 00:29:37,839 --> 00:29:40,759 that was out there wanting to call They wanted to 472 00:29:40,759 --> 00:29:43,720 split the state I think, in half and have the 473 00:29:43,799 --> 00:29:45,960 northern half be the state of Jefferson. 474 00:29:46,480 --> 00:29:46,839 Speaker 11: I don't know. 475 00:29:46,839 --> 00:29:49,400 Speaker 1: It wasn't exactly half anyway, the state of Jefferson. They 476 00:29:49,400 --> 00:29:52,200 had a name port the whole bit. They had supporters, 477 00:29:52,240 --> 00:29:55,799 but it never went anywhere. I don't see that happening. 478 00:29:56,160 --> 00:29:59,119 But as far as buying up all the gas stations 479 00:30:00,079 --> 00:30:04,680 in California and then selling gasford what was it ten cents? 480 00:30:06,000 --> 00:30:09,279 Sounds kind of ma'm donnie to me, but what do 481 00:30:09,359 --> 00:30:13,240 I know? And then, uh, there's a call from Salty 482 00:30:13,359 --> 00:30:14,759 that I always look forward to. 483 00:30:15,640 --> 00:30:18,759 Speaker 12: Hey, Tomam, it's Salty. Oh my gosh, I hope you're 484 00:30:18,799 --> 00:30:21,920 doing all right, buddy. You know, every now and then 485 00:30:22,000 --> 00:30:24,200 I have these thoughts come and I've got to get 486 00:30:24,240 --> 00:30:28,599 it out, So that's why I'm calling you. And well, now, look, 487 00:30:28,680 --> 00:30:31,400 you know, Salty's had a bit of a past and 488 00:30:31,839 --> 00:30:34,759 some hard times in his life, and you know, I've 489 00:30:34,880 --> 00:30:37,319 had to do counseling and I'm not ashamed to say 490 00:30:37,400 --> 00:30:41,319 that I've gone to a counselor before. And what I've 491 00:30:41,400 --> 00:30:45,400 noticed with the counselor come is that date they dig deep, 492 00:30:45,720 --> 00:30:49,200 They go into your past. They want to know about 493 00:30:49,240 --> 00:30:53,640 your growing up and things that maybe happened I don't know, 494 00:30:53,759 --> 00:30:57,440 let's say a twenty years ago, or or or eight 495 00:30:57,759 --> 00:31:01,480 or or or seven or you know. That stuff doesn't 496 00:31:01,640 --> 00:31:04,519 uh you know, it doesn't go past the statue of 497 00:31:04,599 --> 00:31:08,480 limitations for a counselor to take a little deeper, you see. 498 00:31:08,880 --> 00:31:11,640 And uh, I'm just wondering why the Democrats and the 499 00:31:11,799 --> 00:31:16,440 MSNBC and the cnnners and all them, their people are 500 00:31:16,480 --> 00:31:20,079 just losing their minds over of what TASS is trying 501 00:31:20,079 --> 00:31:25,079 to do and all these data, uh you know, dumps 502 00:31:25,079 --> 00:31:28,079 were they're just dumping all kinds of information. And now 503 00:31:28,160 --> 00:31:31,799 that the John Solomon's from the Just the News guy, 504 00:31:31,960 --> 00:31:34,880 he's I've seen him a lot and heard him and uh, 505 00:31:35,000 --> 00:31:38,119 he's been saying this stuff for years, but now it's 506 00:31:38,160 --> 00:31:42,440 apparently it's all coming out in a real documentation way. 507 00:31:42,799 --> 00:31:46,160 And I'm just wondering why in the world the Democrats 508 00:31:46,559 --> 00:31:48,960 are losing their mind. I think then you can go 509 00:31:49,039 --> 00:31:52,559 see a counselor, because if that gut, that there Trump 510 00:31:52,640 --> 00:31:57,279 gyrangement syndrome going on or something anything Trumps for trying 511 00:31:57,279 --> 00:32:01,119 to clean up the capital Uncle Art, our great country, 512 00:32:01,359 --> 00:32:04,799 and they're losing the dang minds time over that. And uh, 513 00:32:04,920 --> 00:32:07,960 I just pool, I'm just getting all fired up. I 514 00:32:08,039 --> 00:32:12,559 don't understand they would, the Democrats and the Liberals, they'd 515 00:32:12,640 --> 00:32:16,119 rather have us suffer than Trump be able to try 516 00:32:16,160 --> 00:32:19,920 to help fish things. And uh, I just I'm sure, 517 00:32:20,400 --> 00:32:23,960 I'm just so sad for these Democrats. Well they just 518 00:32:24,039 --> 00:32:28,160 relaxed a little bit and let this process happen, you see, 519 00:32:28,400 --> 00:32:31,240 and uh, maybe we can make this country better than 520 00:32:31,279 --> 00:32:33,960 it is. I'm I'm all, you know, I'm all Mada 521 00:32:34,480 --> 00:32:38,119 ma America great again. Uh, but you gotta deal with 522 00:32:38,160 --> 00:32:40,640 the past. And uh as much as they want to 523 00:32:40,680 --> 00:32:43,480 talk about, uh that without one seven years ago or 524 00:32:43,519 --> 00:32:46,480 eight years ago, they always want to talk about, you know, 525 00:32:46,799 --> 00:32:50,079 when we was uh you know, having the Civil War 526 00:32:50,160 --> 00:32:53,240 and we're the only country that actually has had war 527 00:32:53,519 --> 00:32:57,200 to end slavery. But they they always talking, uh you 528 00:32:57,240 --> 00:32:59,200 know about that kind of stuff. But they won't go 529 00:32:59,279 --> 00:33:02,240 back and talk about some of this trillingess had happened 530 00:33:02,400 --> 00:33:08,359 in the last you know, five to ten years and two. Anyway, 531 00:33:09,480 --> 00:33:14,319 I just hope that they settle themselves down, because they're 532 00:33:14,359 --> 00:33:16,799 gonna blow ahead gask and like Salty's about to do. 533 00:33:17,200 --> 00:33:19,599 All right, buddy, I better stop while I'm ahead. I 534 00:33:19,720 --> 00:33:20,599 love you, I'll see you. 535 00:33:23,319 --> 00:33:26,880 Speaker 1: I love you too. Salty. Well, I think you might 536 00:33:27,319 --> 00:33:30,480 be onto something because, as we've reported to you earlier 537 00:33:30,799 --> 00:33:33,519 that the New York Times is even reporting that the 538 00:33:33,599 --> 00:33:38,640 Democrats are losing a substantial number of registered voters are 539 00:33:38,720 --> 00:33:42,839 leaving and going to the Republicans. So you're not alone 540 00:33:42,880 --> 00:33:46,440 in your observations. Even the New York Times can spot it. 541 00:33:47,319 --> 00:33:52,039 And this caller is keeping an eye on this negotiation 542 00:33:52,240 --> 00:33:55,160 for peace with Donald Trump and Vladimir Putin. 543 00:33:56,000 --> 00:34:02,720 Speaker 11: I hope, I hope Trump are going to offer putinnk. 544 00:34:03,640 --> 00:34:06,839 Speaker 1: Well, short and sweet and to the point. And I 545 00:34:06,880 --> 00:34:11,320 don't know if anybody's offering Alaska to Russia. Remember Russia 546 00:34:11,360 --> 00:34:15,239 had it first. We bought it from them. Seward's folly 547 00:34:15,760 --> 00:34:18,679 if we paid seven million or seventy millions a long 548 00:34:18,719 --> 00:34:23,400 time ago. But so far, no, we haven't offered Alaska 549 00:34:24,280 --> 00:34:29,280 to the Russians. And then there's this call from TK 550 00:34:29,760 --> 00:34:33,920 and he has been calling this program for I don't 551 00:34:33,960 --> 00:34:38,440 know twenty years. Let's listen to what Tk's up to. 552 00:34:39,199 --> 00:34:43,360 Speaker 11: Hey, Tom, old friends, this is t K and Missouri. 553 00:34:43,880 --> 00:34:48,079 I'm still a chicken and I sure miss with you, 554 00:34:49,039 --> 00:34:54,760 but's been so hot back here yet. Let's take care 555 00:34:54,800 --> 00:34:57,920 even setting on ice pack, that's how hot it is. 556 00:34:59,199 --> 00:35:03,960 But I'm sure miss your conversations. And you're WITHSDOM and 557 00:35:05,480 --> 00:35:09,320 I hope you're doing well. I hope you're help staying 558 00:35:09,400 --> 00:35:16,639 with yet and I'll be trying to pick you up 559 00:35:16,760 --> 00:35:25,480 somewhere somehow and anyway the past two year tom By. 560 00:35:31,800 --> 00:35:35,639 Speaker 1: Yeah, So that's one of my frustrations is there's a 561 00:35:35,719 --> 00:35:37,519 lot of people that listen to the radio show, and 562 00:35:37,639 --> 00:35:42,360 TK was a loyal listener, and I don't know how 563 00:35:43,239 --> 00:35:47,760 to reach them and tell them how to connect to 564 00:35:47,920 --> 00:35:52,079 the podcast. And it's it's frustrated. I don't know how 565 00:35:52,159 --> 00:35:55,880 to how to I don't have his email, I don't 566 00:35:55,960 --> 00:35:59,440 have a phone number, I don't have anything. So if 567 00:35:59,480 --> 00:36:01,559 you know ta Hey in Missouri, you tell him how 568 00:36:01,599 --> 00:36:05,000 to reach the podcast would be much appreciated. And of 569 00:36:05,079 --> 00:36:09,519 course Laurie the comment line lady, she's left me a 570 00:36:09,639 --> 00:36:12,239 handful of messages, but I've needed to sort through them 571 00:36:12,239 --> 00:36:15,239 and I'll play you this one, which is about her 572 00:36:15,400 --> 00:36:19,280 view on her senator in California, Adam Shiff. 573 00:36:20,000 --> 00:36:22,840 Speaker 11: Shif has always looked like a deer in the headlights. 574 00:36:23,639 --> 00:36:24,679 Speaker 10: Now finally he. 575 00:36:24,800 --> 00:36:25,639 Speaker 11: Has a good reason. 576 00:36:26,280 --> 00:36:29,679 Speaker 1: Yes he does. I'll see how serious they get about this. 577 00:36:29,880 --> 00:36:34,079 But seriously, all these political people, the member of what's 578 00:36:34,119 --> 00:36:37,519 their name, Lisa Cook on the Federal Open Market Committee 579 00:36:37,519 --> 00:36:41,519 of the BED and Adam Shiff and Latitia James, all 580 00:36:41,960 --> 00:36:48,840 lying on bank loan applications about their residents' status. So 581 00:36:49,440 --> 00:36:53,000 we'll see if they they would prosecute you. We'll see 582 00:36:53,000 --> 00:36:54,119 if they prosecute them. 583 00:36:54,719 --> 00:36:54,840 Speaker 4: All. 584 00:36:54,920 --> 00:36:59,320 Speaker 1: Right on Wall Street today, a bunch of red arrows 585 00:36:59,440 --> 00:37:03,880 Dow down one hundred and fifty two to forty four thousand, 586 00:37:04,519 --> 00:37:09,440 seven eighty five, SMP down twenty five, nasdack down seventy two, 587 00:37:10,159 --> 00:37:13,320 the price of goal down five dollars to thirty three 588 00:37:13,440 --> 00:37:17,519 eighty three, and oil was up just twenty cents or so, 589 00:37:17,719 --> 00:37:21,280 up to sixty three dollars and some change for a 590 00:37:21,320 --> 00:37:24,440 barrel of oil. Thank you for coming back today. We 591 00:37:24,639 --> 00:37:27,000 will try this again tomorrow, and we'll hope to see 592 00:37:27,039 --> 00:37:27,320 you then.