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Kall: I – I agree, I think this is the Bottom Up approach that Bill Clinton and Obama talked about – you know I’ve been writing about it.. we’re not going to have a stronger healthier economy by consolidating all the banking – energy – all the banking resources into a handful of companies that – you know Japan has three banks – that’s it! We’ve got to do the opposite – We should be lending – we should be investing in ten thousand banks and helping all the ones that, that did well – not all these incompetent failure banks – we should be rewarding the banks that did a good job – that didn’t get in trouble and we should go to them and say show us your bottom line. The better you’ve done, the more we’ll invest in you...and we should let them manage these failed banks - these giant banks – Goldman Sacks, Morgan Stanley, and Bank of America and Western Union – they’re all in trouble, they’re all in big trouble – why, because they took risks they shouldn’t have taken. Because they took – they approached the economy with exotic derivatives and all kinds of crazy stuff built on top of ideas – of theories and constructs instead of just basic business.
Jay: OK one more question Rob and then I’ll get off
Kall: Shoot
Jay: and the question is...now that we’ve found out that congress doesn’t have to listen to the will of the people, very clearly during this crisis – they went ahead and did what they were told by someone – uhh what is the peoples recourse now – what – uhh now what? Wait for the election and hope they make things different?
Kall: I’ve been thinking a lot about this – uhh – I – there are a lot of people on Op-Ed news.com that – that say the answer is – to vote for a 3rd party candidate, to don’t vote at all – I really believe that you’ve got to make a choice among the two primary candidates now and then we’ve got to do everything we can to get rid of the ones who didn’t do their job or over the next two years don’t come around. I think - You know – we’ve been told that – there were threats of – uhh - ...that there would be a military take-over – if this - if this didn’t go through – this $700 Billion dollar bail-out, and I don’t doubt that there were – that people were told that. Uhh, you know there’s that video that Naomi Wolf did that
Jay: ...forward and say that I was threatened there – in fact it would probably be that we just had a conversation that’s all – you know...but they know they were threatened and it’s gotten out, but is there anybody that’s standing up and saying that publicly?
Kall: well one or two... Uhh, I spoke with my congressman over the weekend you know and he said that he was not happy with the – uhh - the way things were originally, even though he voted for it the first time around, but the second time he said he felt better because it did have some protections in there and what-have you, but Naomi Klein just made it really clear that what’s been passed so far is no good and needs to be fixed – I can’t believe that in England, Gordon Brown got 12% interest and Hank Paulson only took 5%, why couldn’t he have done the same thing?...Meanwhile we’re coming up on the end of the hour – Jay are we going to get this transcribed you think?
Jay: Ha, ha, oh boy, I stepped into that one!
