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<v Speaker 1>Yes, you are connected, and thank you for coming by.

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<v Speaker 1>Welcome to the Big Radio Show. It is Friday. Today

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<v Speaker 1>is the thirtieth day of May two thousand and twenty five.

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<v Speaker 1>My name is Tom Sullivan. So we've got a lot

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<v Speaker 1>to talk. We got a little bit more on Elon Musk,

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<v Speaker 1>We've got on tariffs, and we got to score in Louisiana.

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<v Speaker 1>There's still two on the run out of the ten

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<v Speaker 1>that got out of prison.

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<v Speaker 2>Aderback.

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<v Speaker 1>Oh look, who's here. We were going to hold back

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<v Speaker 1>on all the goodbye stuff, but UCLA docs on the

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<v Speaker 1>line and you're out saving lives. I can't keep you

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<v Speaker 1>sitting around, Hello Doc. I mean it's one thing more

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<v Speaker 1>one thing if you're just shuffling papers.

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<v Speaker 2>But I mean you got you know, you got people

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<v Speaker 2>to save. So how you been.

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<v Speaker 3>I'm doing very well, man. I'm gonna miss you well.

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<v Speaker 2>Likewise likewise.

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<v Speaker 3>I was just thinking back, just to let you know

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<v Speaker 3>real quick. I was thinking back. I think you said

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<v Speaker 3>a couple of few months back that you've been in

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<v Speaker 3>New York for like thirteen years? Is that right?

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<v Speaker 1>Starting my nineteenth nineteen Oh okay, oh yeah, yeah, yeah, my.

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<v Speaker 3>Gosh, okay. Because I was sitting back and I go,

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<v Speaker 3>I've been listening to you way longer than I really thought.

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<v Speaker 3>I know, I started tweeting at you in twenty one,

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<v Speaker 3>but I remember, I think this is right. Weren't you

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<v Speaker 3>talking about when you were back here in California? You're

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<v Speaker 3>talking about running for Congress Lawson Well.

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<v Speaker 1>I was asked twice on two different occasions, I forget.

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<v Speaker 1>One of them was Congressman John Doolittle was retiring and

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<v Speaker 1>they asked me to run for his seat. And there

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<v Speaker 1>was another can't remember there was another congressman that was

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<v Speaker 1>a Republican that was that was also stepping down or something.

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<v Speaker 1>So I was asked twice to do it, and it

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<v Speaker 1>was an honor, uh. And they came in with all

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<v Speaker 1>the stats about the polling and how much easy it

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<v Speaker 1>would be to win and all that, and I looked.

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<v Speaker 2>I went to.

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<v Speaker 1>A guy who has who was a chief of staff

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<v Speaker 1>for a senator in Washington, and I knew the guy,

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<v Speaker 1>and I called him up and I went over to

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<v Speaker 1>his office and he said, oh, Tom, you're gonna love it.

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<v Speaker 1>You go in there and I'll tell you what. You

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<v Speaker 1>battle all day long and you're figure in everything else,

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<v Speaker 1>and you do this and you fight with that, and

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<v Speaker 1>you fight. And I just thought to myself, the last

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<v Speaker 1>thing I mean he taught, he didn't realize he was

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<v Speaker 1>trying to talk me into it. And that was when

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<v Speaker 1>I said, there's no way.

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<v Speaker 2>I don't.

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<v Speaker 1>I don't know how it is for you. I mean,

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<v Speaker 1>you deal with a lot of people in a hospital,

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<v Speaker 1>all kinds, but you don't. I don't like working where

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<v Speaker 1>there's backstabbers and people that are trying to step on you.

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<v Speaker 1>And I like working with the people I work with

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<v Speaker 1>because they're they're like they're like extended family. So I said,

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<v Speaker 1>I said, no, thank you. I don't want to do

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<v Speaker 1>that for a living good God, getting up every day

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<v Speaker 1>and go fight with people. So I said, no, thank you.

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<v Speaker 3>Politician.

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<v Speaker 2>Yeah, well, I don't know.

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<v Speaker 1>I see some of them come out of that operation

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<v Speaker 1>pretty darn wealthy.

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<v Speaker 2>So I'm going.

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<v Speaker 3>You like the current guy running in the White House.

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<v Speaker 4>You just.

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<v Speaker 1>Yes, I could have the I could have the Sullivan

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<v Speaker 1>mean coin.

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<v Speaker 2>Why not? Geez hey.

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<v Speaker 3>So I just want to let you know I'm gonna

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<v Speaker 3>have to now that you're gone, I'm gonna have to

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<v Speaker 3>take out the AM radio part of my car because

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<v Speaker 3>you're the only guy I listened to you on the radio. Well,

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<v Speaker 3>you know what, I do have one more elve story

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<v Speaker 3>for you since you're talking about him real quick. Yeah,

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<v Speaker 3>I so you know I bought I bought the I

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<v Speaker 3>bought the Model Esque for my wife. So I can't

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<v Speaker 3>remember exactly when this this happened, but so I was

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<v Speaker 3>I was driving on the weekend. I went to a

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<v Speaker 3>store and I was using the app to open the doors,

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<v Speaker 3>to open the trunk, and this guy comes up behind

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<v Speaker 3>me and he goes, oh, he goes, youge got one

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<v Speaker 3>of those fancy cars, don't you? And I go I

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<v Speaker 3>turn around. I suddenly gonna give this guy a compliment,

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<v Speaker 3>and he goes, but I bet he can't drive through water, right,

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<v Speaker 3>he can't do that? And he was talking about did

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<v Speaker 3>you ever see that? It was right after the storm

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<v Speaker 3>in Florida last year there was a garage cam and

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<v Speaker 3>it showed a Tesla and it caught on fire because

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<v Speaker 3>see why I got.

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<v Speaker 5>Inside of it.

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<v Speaker 2>Oh yeah, yes, yeah yeah.

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<v Speaker 3>So this this this guy was a Trump supporter and

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<v Speaker 3>he was a He was accosting me and the last

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<v Speaker 3>thing he said to me was, you know what, I

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<v Speaker 3>can't stand you rich liberals. And I had to let

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<v Speaker 3>him know that I wasn't liberal.

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<v Speaker 1>Yeah, I I've had two near misses where I had

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<v Speaker 1>two people, you know, kind of kind of approaching the

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<v Speaker 1>car giving me like a franatic look and like they

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<v Speaker 1>were coming to do something that wasn't going to be good,

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<v Speaker 1>and I just pushed the gas pedal down and got

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<v Speaker 1>the heck out of there. So it really, it really

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<v Speaker 1>does baffle me that people can be that psychologically disturbed

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<v Speaker 1>to where their politics affects your private property.

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<v Speaker 2>What did you do?

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<v Speaker 3>Yeah? Nothing, Yeah, exactly. Well that's that's why I don't

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<v Speaker 3>put anything in my house. I don't pen anything in

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<v Speaker 3>my car. Did you never know what people are gonna do?

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<v Speaker 3>So true. I'm letting you know I am really going

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<v Speaker 3>to miss you.

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<v Speaker 5>Tom.

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<v Speaker 3>You're a great guy. I think you're like really super honest.

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<v Speaker 3>And I was like, I don't know how you're gonna

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<v Speaker 3>work on the how the podcasting is gonna work, because

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<v Speaker 3>that's actually how I listened to you most of the

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<v Speaker 3>time because I'm so busy, likes the.

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<v Speaker 2>Night so perfect. So the way the way I say hey, hey, hey.

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<v Speaker 1>Doc, the way I set this up was, if you

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<v Speaker 1>know where that button is that you pushed it? Listen

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<v Speaker 1>to my show on a podcast now that has been

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<v Speaker 1>transferred as of last night, So you push the button

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<v Speaker 1>and instead of connecting to this show, it will connect

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<v Speaker 1>to the new podcast. So there's nothing for you to change.

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<v Speaker 1>You don't have to change a thing us. Well, I'm

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<v Speaker 1>going to start the podcast. If everything works technically, it

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<v Speaker 1>should be on Monday. Oh yeah, yeah, I was talking

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<v Speaker 1>talking to Q yesterday about it. I'm thinking, well, i'll

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<v Speaker 1>probably record some time around three o'clock Eastern, which is

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<v Speaker 1>when this show starts, and it has most of the

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<v Speaker 1>news of the day. I mean, there's stuff that happens afterwards,

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<v Speaker 1>but the bulk of stuff has happened usually by this time,

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<v Speaker 1>and that will give me what I need. Oh, can't

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<v Speaker 1>do it.

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<v Speaker 2>I don't know.

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<v Speaker 3>You're not gonna do it every day obviously, No.

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<v Speaker 2>Yeah, i am, but it's gonna be.

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<v Speaker 1>I'm going to try to get it to the point

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<v Speaker 1>where it's it's different every day news of the day.

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<v Speaker 1>Maybe on Monday and Wednesday, I'll do Financial Friday. On Friday,

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<v Speaker 1>I'm going to try and get some interview stuff done today.

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<v Speaker 5>Yeah.

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<v Speaker 1>Actually, yeah, well I'm gonna try and bring that back

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<v Speaker 1>and then Tuesdays and Thursdays if I can. It just

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<v Speaker 1>depends upon finding the people I want to talk to

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<v Speaker 1>and having their schedules fit with my schedules, and then

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<v Speaker 1>do do interviews with some interesting people. Mix it in

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<v Speaker 1>there so it'll be it'll be different every day hopefully.

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<v Speaker 3>Very good.

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<v Speaker 2>Yeah, very good.

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<v Speaker 3>Well, one last one last thing, please this this loot

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<v Speaker 3>between twelve and three. I'm just gonna ask one favor.

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<v Speaker 3>Don't have the guy the former sheriff of Sacramento who

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<v Speaker 3>fills in for you every now and then.

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<v Speaker 1>First of all, I have no I have no input

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<v Speaker 1>on what people are going to do around the country,

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<v Speaker 1>but there's going to be there's no there's no one replacement.

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<v Speaker 1>Every station is kind of have to go find somebody

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<v Speaker 1>else to start on Monday, so they'll they'll pick whoever.

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<v Speaker 2>You know, you're not going to go on.

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<v Speaker 3>Vacation for like a couple of months, man.

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<v Speaker 2>No, I don't know. I've I'm not no.

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<v Speaker 1>I think I just you know, it's it's like it's like,

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<v Speaker 1>you know, keep getting back on the horse. I mean,

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<v Speaker 1>it's I got to keep going. I'm going If I

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<v Speaker 1>if I stop, I don't know what I would do.

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<v Speaker 1>I'm not a workaholic. But I like what I do

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<v Speaker 1>and I I'll see. I mean, I'm gonna, I'm gonna.

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<v Speaker 2>This is all brand new for me.

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<v Speaker 5>Man.

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<v Speaker 1>I'm I may get tired of it right away. I

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<v Speaker 1>may want to do to a day, I may want

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<v Speaker 1>to do one a month. I don't know. I'm I'm

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<v Speaker 1>I'm going to feel that. We'll see how it goes well.

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<v Speaker 3>Personally, I think you should stay on the radio till

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<v Speaker 3>your flat line. But that's my personal.

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<v Speaker 2>Well, Okay, I appreciate it. I appreciate it, and.

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<v Speaker 3>If I and if I will be there.

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<v Speaker 2>If I ever need.

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<v Speaker 1>I had told you I had my first surgery ever

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<v Speaker 1>last summer. I had a hernia thing and uh yeah,

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<v Speaker 1>And I told I told the surgeon what you said,

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<v Speaker 1>no mesh, and uh yeah. He looked at me and

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<v Speaker 1>the kind of smiles I said that comes from a surgeon,

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<v Speaker 1>U c l A. So he uh Anyway, So hopefully

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<v Speaker 1>I don't need your services in the future.

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<v Speaker 2>But if I did, no give a call.

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<v Speaker 3>I tell everybody that, everybody that that finds out what

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<v Speaker 3>I do, I tell them you really don't want my services. Yeah, yeah, yeah,

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<v Speaker 3>I'm more. I'm more of a curbside guy, like, you know,

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<v Speaker 3>I'll give you like some advice, but really you don't

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<v Speaker 3>want to be on the other end of my knife.

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<v Speaker 3>It's not good for you.

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<v Speaker 1>Well, I I keep I keep rooting for I'm all

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<v Speaker 1>upset about to cut back on medical research because I

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<v Speaker 1>uh have been for a long time promoting the fact

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<v Speaker 1>that I hope the researchers out there figure out a

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<v Speaker 1>way to cure as of all of our illnesses and

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<v Speaker 1>diseases and injuries without a knife. I mean there's a

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<v Speaker 1>lot of stuff, you know where they have what is it, uh,

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<v Speaker 1>kidney stones that they can bust away with sonars things

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<v Speaker 1>like that, and I'm going.

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<v Speaker 2>To yeah, that sounds great.

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<v Speaker 3>No knives, Yeah, yeah, sonic there's a sonic there's Sonic

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<v Speaker 3>Wave now for pathectomies, there's really they're like no, there's

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<v Speaker 3>a lot of yeah, yeah, there's a lot of cold

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<v Speaker 3>knife procedures, a lot of like later procedures where there's

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<v Speaker 3>like literally like you know, maybe like a couple of

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<v Speaker 3>million liters of blood is lost. So, I mean, the

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<v Speaker 3>cervical front is really improving quite dramatically, and I don't

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<v Speaker 3>know how AI is gonna be integrated in that, but

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<v Speaker 3>I think it's going to be promising, but like you know,

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<v Speaker 3>I've only got like another ten years left.

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<v Speaker 5>Well, I.

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<v Speaker 1>Was talking to a friend of mine who's an MD,

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<v Speaker 1>and I said to him, I said, are you worried

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<v Speaker 1>about AI? And he said, no, not yet, But he

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<v Speaker 1>was telling me that if you're a radiologist, he says

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<v Speaker 1>that AI is doing most of that and the human

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<v Speaker 1>kind of double checks the AI. But I said, so

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<v Speaker 1>there's still a human involved, and he goes, yeah, So

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<v Speaker 1>if I was if I was a young med student

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<v Speaker 1>and I'm trying to figure out what specialty I want,

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<v Speaker 1>I think I would stay far away from radiology.

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<v Speaker 2>I mean that machine could do that.

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<v Speaker 3>Surgery is probably still, like I think the best, so

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<v Speaker 3>I mean, you know.

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<v Speaker 1>Yeah, but but even so, what was the thing you

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<v Speaker 1>told me about the robotic stuff that you guys use.

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<v Speaker 2>What's the name of that thing? Yeah, so it's.

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<v Speaker 3>Yeah, there's a lot of other there's a lot of

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<v Speaker 3>other robots out right now. There's there's one of my

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<v Speaker 3>mentors from Texas is a I named pass Away. Well,

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<v Speaker 3>while back with doctor uh doctor debate, he came out

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<v Speaker 3>with a bunch of like heart transplant.

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<v Speaker 1>Uh oh, yeah, that's what he's famous for. Yeah, yeah, yeah,

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<v Speaker 1>oh man, I've looked at the clock. Hey, UCLA doc

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<v Speaker 1>as always. Uh, I've always appreciated your calls, but I

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<v Speaker 1>do have to run.

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<v Speaker 2>Thank you.

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<v Speaker 1>Well, I spent three hours a day talking about something.

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<v Speaker 5>That's why we listen to you.

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<v Speaker 1>Well, another ten minutes goes by, and yet another lawsuit

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<v Speaker 1>against Donald Trump.

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<v Speaker 2>This time it's PBS.

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<v Speaker 1>Uh, PBS is suing Donald Trump or his executive order

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<v Speaker 1>to cut funding for PBS. And if we look, we

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<v Speaker 1>can argue about a lot of stuff. But I think

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<v Speaker 1>if we were in a room trying to figure out

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<v Speaker 1>what to cut and what not to cut, I think

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<v Speaker 1>most of us would say cut PBS. Now, I have nothing,

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<v Speaker 1>I have no gripes about PBS. First television job I

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<v Speaker 1>did was for PBS. But that yeah, no, that was

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<v Speaker 1>a long time ago. But I uh, why should they

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<v Speaker 1>get government money? NBC doesn't, MSNBC doesn't, Fox doesn't, CNN doesn't.

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<v Speaker 1>Why do they get special treatment? I'm baffled by that.

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<v Speaker 1>Back to the phones eight five five two nine, five

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<v Speaker 1>sixty six hundred, Oh, Kurt and Reno, Kurt, thank you

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<v Speaker 1>for waiting. What's going on?

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<v Speaker 6>Okay, we're back. Yeah, I have a few more ideas

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<v Speaker 6>on how to cut down on.

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<v Speaker 5>Our government expenses.

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<v Speaker 6>How about government employees, non elected only work for the

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<v Speaker 6>government for twenty five years total. I don't care if

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<v Speaker 6>you work for the military for fifteen or in another branch.

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<v Speaker 6>You get twenty five years and you're done working for

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<v Speaker 6>the government.

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<v Speaker 1>And then on why would you limit why would you

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<v Speaker 1>why would you limit their tenure at that point that

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<v Speaker 1>they know they should be good at what they.

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<v Speaker 6>Do well, the way I see it and have been

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<v Speaker 6>around it, they become less efficient and less effective well,

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<v Speaker 6>and fire them up in their pay grades and fire them.

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<v Speaker 6>You I want an example of a federal government employee

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<v Speaker 6>who has been fired just.

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<v Speaker 1>A second, let me look, uh huh uh huh uh huh.

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<v Speaker 2>I can't find any.

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<v Speaker 6>Yeah, you're right, yeah, yeah, yeah, there you go. It's

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<v Speaker 6>not possible. But you know, that would be a way

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<v Speaker 6>to save some money out there. But you know, as

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<v Speaker 6>we started the conversation a while back, if we go

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<v Speaker 6>back to the nineties and say, okay, this is what

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<v Speaker 6>you have to do for your level of employees nineteen

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<v Speaker 6>ninety six level, boom, anybody that's above you know, after

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<v Speaker 6>that goes away.

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<v Speaker 1>The whole government employment system needs to be completely shredded

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<v Speaker 1>and done away with. They should be no different than

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<v Speaker 1>you or me or anybody else going out into the

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<v Speaker 1>marketplace and offering your services in return for pay.

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<v Speaker 2>Period. That's it. Period.

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<v Speaker 1>I don't understand all this job protection stuff. You either

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<v Speaker 1>do what the person who gives you the money to

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<v Speaker 1>accomplish them. They don't like what you're doing, they should

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<v Speaker 1>be able to let you go, and if you don't

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<v Speaker 1>like them, you should be able will to leave, no

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<v Speaker 1>problem anyway.

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<v Speaker 2>The whole thing needs to be Yeah, I get.

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<v Speaker 6>It's my two cents and I wish you well and

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<v Speaker 6>you stage.

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<v Speaker 5>Of your life.

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<v Speaker 2>Thank you, Kurt. I appreciate the call.

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<v Speaker 1>Let's oh Angelo, Hi Angela, what's going on today?

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<v Speaker 5>Hey?

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<v Speaker 4>Tom? How's it going? Really going to miss you?

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<v Speaker 5>Man?

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<v Speaker 4>You always answer my calls and you always take the

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<v Speaker 4>hard questions no matter what, Dude, you are the only

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<v Speaker 4>one in this world.

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<v Speaker 5>Man.

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<v Speaker 4>You are made to Tom. But I have a hard

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<v Speaker 4>question too about the FBI. Ye was running I'm Margaret,

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<v Speaker 4>I'm margat for days man, and he was running that

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<v Speaker 4>we're going to dismantle the FBI because it's corrupt. And

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<v Speaker 4>you know, since the beginning of it, jed Or Hoover.

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<v Speaker 4>They put him in charge, and it was corrupt from

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<v Speaker 4>day one. Now they were talking about dismantling and shutting

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<v Speaker 4>it down. But all they're doing is closing one building

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<v Speaker 4>is just to send the people to another building. And

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<v Speaker 4>I think they were probably lying talking about shutting down

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<v Speaker 4>the FBI, because I don't think he said down. Don'd

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<v Speaker 4>you even any think they had the ability to do that.

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<v Speaker 4>So I was just thinking, what do you think about

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<v Speaker 4>the FBI being so corrupt and should it be closed

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<v Speaker 4>down and a new system be put in or what

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<v Speaker 4>do you think?

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<v Speaker 1>Well, the building was one of the issues in Cash Betel,

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<v Speaker 1>who's now the director. I saw something the other day

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<v Speaker 1>where they have steel cables to hold concrete in the

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<v Speaker 1>ceiling from falling down. I mean, it's the building is

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<v Speaker 1>a disaster. So what he said was I think he

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<v Speaker 1>had fifteen thousand people working in the FBI headquarters in Washington.

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<v Speaker 1>This past week he already dispatched. I think fifteen hundred

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<v Speaker 1>ten percent of them have already been sent out to

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<v Speaker 1>other offices. And that was his whole thing, was why

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<v Speaker 1>we don't need all these people here. They need to

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<v Speaker 1>go out and be cops and go find bank robbers

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<v Speaker 1>and other people out that commit federal crimes out there.

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<v Speaker 1>So he's doing that. I think he's an honest man.

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<v Speaker 1>I really do. Walter Isaacson. I like Walter. He's the

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<v Speaker 1>author of a bunch of bios. He did Steve Jobs,

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<v Speaker 1>sat down with Steve Jobs and spend a lot of

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<v Speaker 1>time with Steve Jobs to do the book on him.

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<v Speaker 1>He also spent a lot of time with Elon doing

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<v Speaker 1>the book about him. And this is Walter's assessment of

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<v Speaker 1>Elon working for the federal government.

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<v Speaker 7>Throughout the book. You see this happening over and over

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<v Speaker 7>again and the book, whether it's him taking over Twitter

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<v Speaker 7>or dealing with Tesla's crisis or SpaceX, you see that

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<v Speaker 7>all in intensity. But the main difference, Dana, as I said,

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<v Speaker 7>you know early on when this happened, is he owns

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<v Speaker 7>Tesla pretty much, so he owns SpaceX. He can do

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<v Speaker 7>things like say, hey, let's do this radical thing with

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<v Speaker 7>the Raptor engine where it's leaking, or take off the

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<v Speaker 7>heat shieldet rid of these servers in Twitter, and sometimes

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<v Speaker 7>it works, sometimes he doesn't, but.

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<v Speaker 2>He's all in.

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<v Speaker 7>You can't do that in government because he doesn't own

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<v Speaker 7>the federal government.

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<v Speaker 2>Yeah, yeah, yeah.

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<v Speaker 1>But he also said it wasn't true that Elon got

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<v Speaker 1>involved to help his companies.

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<v Speaker 7>I think he gets angry at some of the attacks

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<v Speaker 7>on him, But one of the things people said that

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<v Speaker 7>was totally untrue is that he went into government to

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<v Speaker 7>help his companies or that it was going to improve

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<v Speaker 7>Tesla's No. I mean, it was definitely not done, and

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<v Speaker 7>it certainly didn't turn out to work to help the

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<v Speaker 7>share price of his companies or anything else. He did

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<v Speaker 7>it because he had this all in intensity, and what

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<v Speaker 7>you saw in both the CBS interviews and the Washington

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<v Speaker 7>Post interviews is a deep frustration that there's something in

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<v Speaker 7>Washington and in the federal government that's not going to

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<v Speaker 7>make serious cuts. He's upset that the cuts weren't in

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<v Speaker 7>this great, big, beautiful bill, which, as you know, it

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<v Speaker 7>can't really be. You have to have a recision bill.

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<v Speaker 7>It's a technical thing.

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<v Speaker 5>Uh.

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<v Speaker 7>President will send a recision bill, but I bet you

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<v Speaker 7>a lot of those things won't be voted on, even

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<v Speaker 7>by Republicans in the House. So he is frustrated that

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<v Speaker 7>even the Republicans in the House, in the Senate and

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<v Speaker 7>House have been captured by Washington interests.

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<v Speaker 1>Yeah, so he's he gave it a shot, but I

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<v Speaker 1>think he's he's admitted worse than he ever imagined. Chuck

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<v Speaker 1>in California, Hey Chuck, welcome, what's going on?

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<v Speaker 5>Hey Tom, Good afternoons, Good afternoon. Three things. I want

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<v Speaker 5>to thank you for Number one, just all the time

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<v Speaker 5>you've spent with terrific. Number two, thank you for alluding

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<v Speaker 5>us to the C minus students and I was being generous.

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<v Speaker 5>And thanks for telling us about the fasting on the

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<v Speaker 5>freeway and how to stay out of it.

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<v Speaker 6>Oh yeah, yeah, yeah, fabulous advice.

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<v Speaker 5>But actually what I'm calling about is, you know somebody

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<v Speaker 5>called it earlier and said, well, just tell everybody to

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<v Speaker 5>call it in the department heads to cut ten percent. Yeah,

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<v Speaker 5>I mean that's kind of where Elon was, you know,

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<v Speaker 5>and it's like you were just discussing Walt from Walter.

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<v Speaker 5>You know, they found out you just can't say do that.

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<v Speaker 5>I think you got to offer these guys big money

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<v Speaker 5>to get it done. Give them bonuses. Do uh. You know,

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<v Speaker 5>we tried be stick, just try the carrot a little

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<v Speaker 5>bit sid to do there.

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<v Speaker 2>I brought.

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<v Speaker 1>I'm a great believer in that I've I think you

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<v Speaker 1>raise children and you manage employees the same way. You

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<v Speaker 1>give them incentives to do what's good, and this incentive

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<v Speaker 1>to do what's bad. Were humans, It doesn't matter if

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<v Speaker 1>you're three or thirty three or ninety three. We have

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<v Speaker 1>we will respond. We're animals. We will respond to incentives.

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<v Speaker 1>I I said it the other day, and I got

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<v Speaker 1>some pushback on her. What are you talking about given

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<v Speaker 1>congressman bonuses? And I'm going, yeah, yeah, no, I I

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<v Speaker 1>would cut cut their paid dramatically and put them on

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<v Speaker 1>a on a basis of you will this is how

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<v Speaker 1>you'll earn your money. If you can get the federal deficit,

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<v Speaker 1>if you can have the death the deficit this year balanced,

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<v Speaker 1>We'll give you a huge bonus because think about how

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<v Speaker 1>much money that would save.

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<v Speaker 2>I mean stuff like that.

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<v Speaker 5>Yeah, uh go ahead.

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<v Speaker 1>Well, I'm just they're they're incentivized by money now, but

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<v Speaker 1>the incentive comes from lobbyists who give them money. Let's

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<v Speaker 1>cut them out and give them incentives that work for

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<v Speaker 1>us to reduce the debt, shrink government, whatever you want

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<v Speaker 1>them to do.

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<v Speaker 4>Yep.

428
00:23:07.400 --> 00:23:13.480
<v Speaker 5>One last thing my father was the entry in love.

429
00:23:14.359 --> 00:23:17.000
<v Speaker 2>No hold on, hold on your phone just your phone

430
00:23:17.079 --> 00:23:18.720
<v Speaker 2>just broke up. But say that again.

431
00:23:18.799 --> 00:23:23.400
<v Speaker 5>Your father was what okay, senior uster at the Federal

432
00:23:24.079 --> 00:23:29.279
<v Speaker 5>and the Big House, and he has shared with me

433
00:23:29.359 --> 00:23:33.599
<v Speaker 5>many many stories about people over the years, which included

434
00:23:34.880 --> 00:23:41.839
<v Speaker 5>al Capone, pretty Boyful, machine Gun Collity, the Birdman, and

435
00:23:41.960 --> 00:23:43.880
<v Speaker 5>I just wanted to share with you The Birdman of

436
00:23:43.920 --> 00:23:47.720
<v Speaker 5>Alcatraz did not have his birds in Alcatraz. He had

437
00:23:47.759 --> 00:23:50.519
<v Speaker 5>him in the Love Worth. Yeah. The reason he had

438
00:23:50.599 --> 00:23:54.079
<v Speaker 5>the birds who was to hide the smell of the

439
00:23:54.200 --> 00:23:57.559
<v Speaker 5>stills that he was running time there.

440
00:24:00.480 --> 00:24:07.359
<v Speaker 1>That's great, that's great, Okay, Yeah, but it sounded better.

441
00:24:07.720 --> 00:24:10.359
<v Speaker 1>It sounded better for the movie to have him at Alcatraz.

442
00:24:10.400 --> 00:24:13.799
<v Speaker 1>But that's that's terrific. Yeah, No, he was.

443
00:24:14.400 --> 00:24:14.759
<v Speaker 3>He was.

444
00:24:14.839 --> 00:24:16.920
<v Speaker 1>He was a bad dude who was in prison, so

445
00:24:17.200 --> 00:24:21.440
<v Speaker 1>he was obviously finding ways to do things under the table. Chuck,

446
00:24:21.519 --> 00:24:26.920
<v Speaker 1>thank you. I appreciate the call very much. Keen, Hi Ken,

447
00:24:27.000 --> 00:24:28.000
<v Speaker 1>what's going on today?

448
00:24:28.079 --> 00:24:28.440
<v Speaker 2>Welcome?

449
00:24:29.519 --> 00:24:34.160
<v Speaker 8>Well, it's your last day. It's a sad day. But

450
00:24:34.480 --> 00:24:38.799
<v Speaker 8>let's say President Trump called you and you can get

451
00:24:39.000 --> 00:24:44.039
<v Speaker 8>one secret. I mean, he would tell you one thing

452
00:24:44.160 --> 00:24:47.279
<v Speaker 8>that you're dying to know. What would it be?

453
00:24:49.480 --> 00:24:49.680
<v Speaker 5>Oh?

454
00:24:49.759 --> 00:24:57.160
<v Speaker 1>Man, I don't think I'm dying to know anything not

455
00:24:57.160 --> 00:25:00.720
<v Speaker 1>not from the government. I mean there's all that stuff

456
00:25:00.759 --> 00:25:05.799
<v Speaker 1>about who killed JFK and all those things, and then

457
00:25:06.119 --> 00:25:13.519
<v Speaker 1>the UFOs and all that stuff. I nah, whatever that's

458
00:25:13.559 --> 00:25:16.759
<v Speaker 1>I don't know what what secret I would want to know.

459
00:25:16.880 --> 00:25:20.519
<v Speaker 1>I don't think they should. Well, I mean they should

460
00:25:20.559 --> 00:25:23.559
<v Speaker 1>have national security secrets about what we have as far

461
00:25:23.599 --> 00:25:29.599
<v Speaker 1>as military, but I uh no, I really don't. I

462
00:25:29.599 --> 00:25:32.880
<v Speaker 1>don't think about wanting to know something from the government.

463
00:25:34.400 --> 00:25:35.359
<v Speaker 2>I don't know for me.

464
00:25:35.680 --> 00:25:39.039
<v Speaker 8>If you mentioned it for me and we've talked about

465
00:25:39.039 --> 00:25:43.160
<v Speaker 8>it in the UFO, I think you know. I saw

466
00:25:43.200 --> 00:25:45.400
<v Speaker 8>a couple of shows that changed my mind. We talked

467
00:25:45.440 --> 00:25:48.359
<v Speaker 8>about what we've seen that would be it for me,

468
00:25:49.240 --> 00:25:52.279
<v Speaker 8>and I'm afraid they're They're afraid of what it would

469
00:25:52.279 --> 00:25:53.279
<v Speaker 8>do to society.

470
00:25:53.799 --> 00:25:56.559
<v Speaker 1>Why Why would Why are they so afraid of that?

471
00:25:56.680 --> 00:26:00.480
<v Speaker 1>Why are people? Have the movies made people freak because

472
00:26:00.480 --> 00:26:04.960
<v Speaker 1>I'm thinking I'm fine, So spaceship Lands and Little Green

473
00:26:05.000 --> 00:26:06.119
<v Speaker 1>Men get out.

474
00:26:06.920 --> 00:26:08.599
<v Speaker 2>I wouldn't run.

475
00:26:10.440 --> 00:26:14.720
<v Speaker 8>Yeah, neither. I can't answer that the question you just post.

476
00:26:14.960 --> 00:26:15.440
<v Speaker 3>I can't.

477
00:26:15.480 --> 00:26:18.640
<v Speaker 8>But well, I'm going to say goodbye. It's tough to

478
00:26:19.200 --> 00:26:21.200
<v Speaker 8>not going to be able to hear your voice this much.

479
00:26:21.759 --> 00:26:26.759
<v Speaker 1>Well, thank you. I appreciate it. I appreciate you dialing

480
00:26:26.799 --> 00:26:29.079
<v Speaker 1>in today. I'll be there in podcast land if you

481
00:26:29.119 --> 00:26:31.759
<v Speaker 1>want to, if you want to check in. So I

482
00:26:31.759 --> 00:26:34.880
<v Speaker 1>don't know, all right, hey, Ken, thank you. Yeah, I've

483
00:26:34.920 --> 00:26:40.200
<v Speaker 1>had I had a producer years ago who I told

484
00:26:40.279 --> 00:26:42.960
<v Speaker 1>him about the story when I saw a UFO.

485
00:26:43.440 --> 00:26:45.720
<v Speaker 2>And he goes, oh, you don't want to talk about that. No, no,

486
00:26:46.720 --> 00:26:48.680
<v Speaker 2>you don't. We don't want to talk about that. Why not?

487
00:26:49.880 --> 00:26:53.480
<v Speaker 1>What's the problem And he goes, oh, make people will

488
00:26:53.480 --> 00:26:59.519
<v Speaker 1>think you're really weird. Well, okay, that's fine. I don't

489
00:26:59.559 --> 00:27:01.799
<v Speaker 1>care if he people think I'm weird. I saw what

490
00:27:01.880 --> 00:27:09.720
<v Speaker 1>I saw. It wasn't scary. It was beyond anything I'd

491
00:27:09.799 --> 00:27:15.720
<v Speaker 1>ever seen before or since. So do I think there's

492
00:27:16.119 --> 00:27:16.880
<v Speaker 1>something out there?

493
00:27:16.960 --> 00:27:17.640
<v Speaker 2>Yeah? I do.

494
00:27:18.119 --> 00:27:20.680
<v Speaker 1>I don't know if it was government or some place

495
00:27:20.759 --> 00:27:25.759
<v Speaker 1>from another galaxy, but I don't think it's weird that

496
00:27:25.839 --> 00:27:28.160
<v Speaker 1>there's unidentified flying objects.

497
00:27:29.400 --> 00:27:30.279
<v Speaker 2>We'll be right back.

498
00:27:32.119 --> 00:27:36.799
<v Speaker 1>I just am fascinated by people being fascinated because I'm not.

499
00:27:38.279 --> 00:27:41.839
<v Speaker 2>A little financial Friday. This is Fanny May and Freddie Mac.

500
00:27:42.680 --> 00:27:43.079
<v Speaker 2>I don't know.

501
00:27:43.119 --> 00:27:46.279
<v Speaker 1>I don't understand what's going on here because Fanny May

502
00:27:46.319 --> 00:27:49.680
<v Speaker 1>and Freddy Mack Federal Home Loan Mortgage Corporate. I mean

503
00:27:50.039 --> 00:27:52.799
<v Speaker 1>they were in they were the mortgage companies in this country.

504
00:27:52.839 --> 00:27:57.960
<v Speaker 1>They were quasi government. I when I in my investment days,

505
00:27:58.039 --> 00:28:00.480
<v Speaker 1>I put a lot of Fanny in ready in the

506
00:28:00.559 --> 00:28:05.039
<v Speaker 1>people's accounts. They paid well. They were, like I said,

507
00:28:05.039 --> 00:28:11.200
<v Speaker 1>a quasi government bond. And the way it works is

508
00:28:11.920 --> 00:28:15.200
<v Speaker 1>for mortgages. You want to go down to the bank

509
00:28:16.200 --> 00:28:20.599
<v Speaker 1>and say to the bank, I'd like to borrow two

510
00:28:20.720 --> 00:28:24.440
<v Speaker 1>hundred thousand dollars for a mortgage on this house. I

511
00:28:24.480 --> 00:28:28.240
<v Speaker 1>want to buy a round number of some kind. And

512
00:28:28.319 --> 00:28:31.839
<v Speaker 1>so the bank says, okay, fill out sixteen pounds of

513
00:28:31.920 --> 00:28:35.119
<v Speaker 1>paperwork and we'll think about it. And they get back

514
00:28:35.160 --> 00:28:37.160
<v Speaker 1>to you and they say, we are more than happy

515
00:28:37.200 --> 00:28:40.720
<v Speaker 1>to give you that two hundred thousand dollars mortgage. So

516
00:28:40.759 --> 00:28:42.799
<v Speaker 1>they take the two hundred thousand, they put it into

517
00:28:43.160 --> 00:28:45.440
<v Speaker 1>your account. You take the money and you put it

518
00:28:45.480 --> 00:28:49.680
<v Speaker 1>into the builder's account or the seller's account, and presto chango,

519
00:28:49.759 --> 00:28:51.319
<v Speaker 1>you own that home. And now you've got to make

520
00:28:51.359 --> 00:28:55.519
<v Speaker 1>payments on that mortgage. So where is the bank that

521
00:28:55.680 --> 00:28:58.319
<v Speaker 1>you're going to take thirty years to make those payments?

522
00:28:58.359 --> 00:29:00.480
<v Speaker 1>Back on that mortgage on that loan I gave you.

523
00:29:00.880 --> 00:29:03.200
<v Speaker 1>Where does the bank get the money for the next

524
00:29:03.240 --> 00:29:06.640
<v Speaker 1>guy that comes in who wants to borrow, Because the

525
00:29:06.680 --> 00:29:09.319
<v Speaker 1>next guy might want to borrow three hundred thousand, and

526
00:29:09.400 --> 00:29:12.000
<v Speaker 1>the one after that wants to borrow four hundred thousand,

527
00:29:12.720 --> 00:29:15.799
<v Speaker 1>and so the banks will run out of money eventually.

528
00:29:17.319 --> 00:29:17.519
<v Speaker 5>Yeah.

529
00:29:17.599 --> 00:29:19.599
<v Speaker 2>No, they don't have an endless supply.

530
00:29:20.920 --> 00:29:23.799
<v Speaker 1>So the way it works is they bundle up your

531
00:29:23.839 --> 00:29:27.160
<v Speaker 1>mortgage along with a bunch of other people's mortgages. They

532
00:29:27.240 --> 00:29:30.119
<v Speaker 1>tie a nice little tidy bow around the thing, They

533
00:29:30.119 --> 00:29:32.119
<v Speaker 1>put it in a box, and they ship it off

534
00:29:32.160 --> 00:29:37.240
<v Speaker 1>to Fanny May. Fanny May takes this box of mortgages

535
00:29:37.319 --> 00:29:42.920
<v Speaker 1>yours and probably another thirty or forty fifty mortgages, and

536
00:29:42.960 --> 00:29:47.279
<v Speaker 1>they're all essentially about the same interest rate, about this,

537
00:29:47.559 --> 00:29:51.119
<v Speaker 1>the same length of time, maturity, all that sort of stuff.

538
00:29:51.839 --> 00:29:57.039
<v Speaker 1>And then Fanny May says, this is you want to

539
00:29:57.079 --> 00:30:01.640
<v Speaker 1>invest in mortgages. You can invent in this box of mortgages,

540
00:30:02.359 --> 00:30:09.160
<v Speaker 1>and individuals, mutual funds, pension plans, all of those people.

541
00:30:09.519 --> 00:30:13.279
<v Speaker 1>It was great you could invest in mortgages. And that's

542
00:30:13.319 --> 00:30:18.200
<v Speaker 1>what I When you would get a certificate from Fanny May,

543
00:30:18.359 --> 00:30:20.480
<v Speaker 1>and that's what I would put in people's accounts. So

544
00:30:20.519 --> 00:30:24.240
<v Speaker 1>they would invest in mortgages, get a certificate from Fanny

545
00:30:24.319 --> 00:30:27.079
<v Speaker 1>May saying that yep, they are They've got this amount

546
00:30:27.200 --> 00:30:33.839
<v Speaker 1>of investment, and then you get paid for the rest

547
00:30:33.880 --> 00:30:36.559
<v Speaker 1>of the mortgage, or until you decide they're very liquid

548
00:30:36.559 --> 00:30:42.119
<v Speaker 1>you can sell them in the market. So we ran

549
00:30:42.200 --> 00:30:47.759
<v Speaker 1>into the meltdown in two thousand and eight, had the

550
00:30:47.759 --> 00:30:53.279
<v Speaker 1>Great Recession, and they went in. But along the way

551
00:30:53.440 --> 00:30:58.039
<v Speaker 1>it was like gold. It was run cleanly, simple, and

552
00:30:58.079 --> 00:31:00.599
<v Speaker 1>there was a guy named Franklin Rain who was the

553
00:31:00.640 --> 00:31:03.480
<v Speaker 1>head of a big Democrat guy when I believe he

554
00:31:03.519 --> 00:31:06.920
<v Speaker 1>went on to become a Democrat congressman. Anyway, he was

555
00:31:07.119 --> 00:31:09.240
<v Speaker 1>the head of it. They accused him of all kinds

556
00:31:09.319 --> 00:31:13.680
<v Speaker 1>of of shall we say, games, but they ran him

557
00:31:13.720 --> 00:31:17.240
<v Speaker 1>out because what they were doing was they were trying

558
00:31:17.279 --> 00:31:20.960
<v Speaker 1>to boost the value of Fannie May, and they were

559
00:31:21.039 --> 00:31:22.559
<v Speaker 1>making they changed the rules.

560
00:31:22.559 --> 00:31:24.680
<v Speaker 2>The rules were strict.

561
00:31:25.000 --> 00:31:30.240
<v Speaker 1>Twenty percent down a credit rating of over some particular number,

562
00:31:30.880 --> 00:31:35.079
<v Speaker 1>and so these were good mortgages to invest in. Well,

563
00:31:35.920 --> 00:31:39.200
<v Speaker 1>Franklin Reins and some others got involved and they started

564
00:31:39.240 --> 00:31:44.200
<v Speaker 1>making loans for people who otherwise really shouldn't have qualified,

565
00:31:44.440 --> 00:31:47.720
<v Speaker 1>but they were doing it under equity equality and all

566
00:31:47.759 --> 00:31:50.880
<v Speaker 1>that sort of stuff, making home loans to people who

567
00:31:51.079 --> 00:31:54.799
<v Speaker 1>just did not have the income to pay that you

568
00:31:54.839 --> 00:31:58.400
<v Speaker 1>would make the loan to them, so that they got

569
00:31:58.400 --> 00:32:02.480
<v Speaker 1>a bunch of bad loans that went bad. And Fanny

570
00:32:02.480 --> 00:32:04.640
<v Speaker 1>and Freddy was part of the meltdown to the mortgage

571
00:32:04.640 --> 00:32:06.960
<v Speaker 1>market in two thousand and seven, two thousand and eight.

572
00:32:08.559 --> 00:32:11.440
<v Speaker 1>There was nothing wrong with Freddy, but then the government

573
00:32:11.559 --> 00:32:20.039
<v Speaker 1>decided and this was this was George W. Bush came

574
00:32:20.160 --> 00:32:24.440
<v Speaker 1>up with the idea of well, we will guarantee these mortgages.

575
00:32:24.960 --> 00:32:28.359
<v Speaker 1>The beauty behind it was you could get a higher

576
00:32:28.440 --> 00:32:33.000
<v Speaker 1>rate of return investing in Fanny May than you could

577
00:32:33.000 --> 00:32:35.720
<v Speaker 1>from investing in any old government bond. And so a

578
00:32:35.759 --> 00:32:38.720
<v Speaker 1>lot of my clients loved it because they got better

579
00:32:38.759 --> 00:32:41.200
<v Speaker 1>return on their investment, they got higher income.

580
00:32:41.480 --> 00:32:42.279
<v Speaker 2>It was terrific.

581
00:32:44.039 --> 00:32:47.519
<v Speaker 1>And so because of the fact that they started messing

582
00:32:47.559 --> 00:32:54.279
<v Speaker 1>up Fannie May and that Fanny would buy the box

583
00:32:54.279 --> 00:32:57.160
<v Speaker 1>of mortgage. That way, the bank got money for the

584
00:32:57.200 --> 00:33:00.480
<v Speaker 1>mortgages they made, and they could make mortgages from people

585
00:33:00.480 --> 00:33:04.079
<v Speaker 1>that came in the door tomorrow. It was a wonderful system.

586
00:33:04.680 --> 00:33:07.000
<v Speaker 1>But once the government got involved that we're going to

587
00:33:07.079 --> 00:33:10.200
<v Speaker 1>guarantee this, and I told all my clients this is

588
00:33:10.240 --> 00:33:15.559
<v Speaker 1>not a government guarantee, this is a bond. It changed everything,

589
00:33:15.799 --> 00:33:20.079
<v Speaker 1>and they have absolutely ruined Fanny and Freddie and it

590
00:33:20.200 --> 00:33:21.960
<v Speaker 1>really damaged the mortgage market.

591
00:33:22.559 --> 00:33:23.440
<v Speaker 2>So now.

592
00:33:24.759 --> 00:33:28.000
<v Speaker 1>Bill Poulty of Pulty Holmes, he's the head of it

593
00:33:28.119 --> 00:33:32.359
<v Speaker 1>right now, and he said he blamed Biden, but it

594
00:33:32.400 --> 00:33:35.279
<v Speaker 1>goes back to Obama and George W.

595
00:33:35.440 --> 00:33:39.079
<v Speaker 2>Bush. He said, people can't afford a home anymore under Biden.

596
00:33:40.480 --> 00:33:42.160
<v Speaker 9>First of all, we have to reverse the last four

597
00:33:42.240 --> 00:33:45.519
<v Speaker 9>years of inflation under Joe Biden. I mean, what happened

598
00:33:45.559 --> 00:33:48.200
<v Speaker 9>in the last four years cannot be understated. And now

599
00:33:48.240 --> 00:33:50.759
<v Speaker 9>what you have is you have mortgage rates that have skyrocketed.

600
00:33:50.960 --> 00:33:52.680
<v Speaker 9>And so what we're trying to do, Bill is take

601
00:33:52.759 --> 00:33:54.920
<v Speaker 9>cost out of the system and get home so they

602
00:33:54.920 --> 00:33:58.160
<v Speaker 9>can be affordable again. People couldn't for the last four years. Bill,

603
00:33:58.359 --> 00:34:01.519
<v Speaker 9>afford a home the Americans is what America is all about.

604
00:34:01.680 --> 00:34:04.279
<v Speaker 9>And we're going to restore the American dream under President Trump.

605
00:34:04.519 --> 00:34:07.400
<v Speaker 9>You mentioned there is the security for Fanny and Freddie,

606
00:34:07.400 --> 00:34:10.000
<v Speaker 9>which trades on what's called the pink sheets. But President

607
00:34:10.039 --> 00:34:12.920
<v Speaker 9>Trump is thinking way bigger than that and stay tuned

608
00:34:12.960 --> 00:34:16.360
<v Speaker 9>on what his decision is there. I'm all for this.

609
00:34:16.480 --> 00:34:19.719
<v Speaker 1>Donald Trump is on to he knows real estate, and

610
00:34:19.760 --> 00:34:21.639
<v Speaker 1>this I think would be great if they if they

611
00:34:21.719 --> 00:34:23.960
<v Speaker 1>bring him back out as a public company where people

612
00:34:24.000 --> 00:34:26.920
<v Speaker 1>can invest in them, if they go back to their

613
00:34:27.000 --> 00:34:32.079
<v Speaker 1>old strict rules, I think it would be fabulous and

614
00:34:32.159 --> 00:34:34.760
<v Speaker 1>I think it would really help the mortgage market, bring

615
00:34:34.840 --> 00:34:38.639
<v Speaker 1>rates down, make mortgages available to many, many more people.

616
00:34:39.400 --> 00:34:43.239
<v Speaker 1>And Poulti goes on to talk about they have seven

617
00:34:43.320 --> 00:34:46.360
<v Speaker 1>point eight trillion dollars in assets.

618
00:34:47.039 --> 00:34:48.960
<v Speaker 9>Well, it's kind of rich coming from Chuck Schumer who

619
00:34:49.000 --> 00:34:51.440
<v Speaker 9>defended this Biden inflation that we had the last four years,

620
00:34:51.440 --> 00:34:54.519
<v Speaker 9>which created this housing crisis. Now President Trump is coming

621
00:34:54.559 --> 00:34:56.920
<v Speaker 9>in and fixing it and he's turning around Fanny May

622
00:34:56.960 --> 00:34:58.760
<v Speaker 9>and Freddie Mack. You know, Bill, I don't know if

623
00:34:58.800 --> 00:35:00.880
<v Speaker 9>you know this, and most Americans don't this, but there's

624
00:35:01.000 --> 00:35:04.280
<v Speaker 9>seven point eight trillion dollars in Fanny May and Freddie

625
00:35:04.280 --> 00:35:07.920
<v Speaker 9>Mack that we as the American taxpayers have many rights

626
00:35:07.960 --> 00:35:11.639
<v Speaker 9>to seven point eight trillion. And until President Trump showed

627
00:35:11.719 --> 00:35:14.039
<v Speaker 9>up on the scene, nobody even really knew that they

628
00:35:14.039 --> 00:35:16.599
<v Speaker 9>were making this much money and that we had these

629
00:35:16.639 --> 00:35:20.199
<v Speaker 9>as huge assets. So, like one of my friends said recently,

630
00:35:20.199 --> 00:35:23.440
<v Speaker 9>President Trump just finds money everywhere. Trillions to the American people,

631
00:35:23.519 --> 00:35:24.880
<v Speaker 9>trillions to the shareholders.

632
00:35:25.159 --> 00:35:25.679
<v Speaker 2>One day.

633
00:35:25.960 --> 00:35:27.239
<v Speaker 9>I mean, you know, we got to clean up the

634
00:35:27.239 --> 00:35:30.159
<v Speaker 9>capital structure, and that's potentially what the president is looking at.

635
00:35:30.360 --> 00:35:33.159
<v Speaker 9>He will still be in control, it will still be

636
00:35:33.639 --> 00:35:37.000
<v Speaker 9>a very very prominent company for the government. However, we

637
00:35:37.039 --> 00:35:40.719
<v Speaker 9>are really focused on driving operational improvements and really making

638
00:35:40.760 --> 00:35:44.119
<v Speaker 9>these great American icons once again and build the American

639
00:35:44.159 --> 00:35:45.639
<v Speaker 9>economy is very robust.

640
00:35:47.000 --> 00:35:50.239
<v Speaker 1>I'm with Trump, but out do one step further. Spin

641
00:35:50.360 --> 00:35:53.400
<v Speaker 1>it off from the government, make them public companies. Get

642
00:35:53.400 --> 00:35:55.000
<v Speaker 1>the government out of their hair.
